Parkside Common Association FY2021 filing

Not tax-deductible

Dallas, TX501(c)(4)Housing EIN 47-2728054Revenue $568K in FY2021Latest return filed Nov 14, 2025

On file with the IRSDallas, TXTax-exempt since Jul 2020

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Maintain the Common Areas of the Association

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
89¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $105K a year · 19% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
18 mo
of spending, in cash
Looks good: 18.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$64K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$568K
+7% vs prior year
Spent
$464K
To programs
89%
Net assets
$672K
By yearFY2020–FY2024
Revenue
$568K
FY2021▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$533K
FY2021$568K
FY2022$574K
FY2023$562K
FY2024$571K
Expenses
$464K
FY2021▲ +28%
Tap a bar for its year
Expenses by fiscal year
FY2020$361K
FY2021$464K
FY2022$284K
FY2023$418K
FY2024$755K
Net assets
$672K
FY2021▲ +18%
Tap a bar for its year
Net assets by fiscal year
FY2020$568K
FY2021$672K
FY2022$962K
FY2023$1.1M
FY2024$923K

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2020.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $414K Management & general 11% · $49K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Parkside Common Association executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Maintains common areas for the association.

Questions for Parkside Common Association

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Your first name shows with your question. Parkside Common Association answers here, for everyone.

3 programs · $400K · in their own filed words · FY2021
01

Maintain of Common Areas consisting of landscaping, watering, repairs and maintainace.

$208Kprogram expense
02

ARC Review Fee to maintain community standards

$166Kprogram expense
03

Security

$26Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$568K
Ln 12
Gifts and grantsLn 1h$551K
Other incomeLn 4–11$17K
Investment incomeLn 3$34
Money outPt IX
$464K
Ln 25
Programscol B$414K
Managementcol C$49K
Owns and owesPt X
$672K
net assets · Ln 32
Cash and savingsLn 1–2$710K
Total assetsLn 16$736K
LiabilitiesLn 26$64K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$551K
Investment incomeLn 3$34
Other incomeLn 4–11$17K
Total revenueLn 12$568K
Assets in detailPt X, end of year
CashLn 1$625K
SavingsLn 2$85K
Cash and savings togetherLn 1–2$710K
Accounts receivableLn 4$7K
Prepaid expenses and deferred chargesLn 9$2K
Other assetsLn 15$17K
Total assetsLn 16$736K
LiabilitiesLn 26$64K
Net assetsLn 32$672K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$634K$710K
Total assetsLn 16$662K$736K
LiabilitiesLn 26$94K$64K
Net assetsLn 32$568K$672K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$12K$0$12K$0
Legal feesLn 11b$26K$0$26K$0
Accounting feesLn 11c$675$0$675$0
Office expensesLn 13$7K$0$7K$0
InsuranceLn 23$15K$15K$0$0
Other expenses (24a–d)Ln 24$208K$208K$0$0
All other expensesLn 24e$196K$192K$4K$0
Total functional expensesLn 25$464K$414K$49K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 14, 2025 $571K$755K−$184K$923K 990 PDF
FY2023Filed with the IRS Sep 12, 2024 $562K$418K$144K$1.1M 990 PDF
FY2022Filed with the IRS Nov 14, 2023 $574K$284K$290K$962K 990 PDF
FY2021 ViewingFiled with the IRS May 17, 2022 $568K$464K$104K$672K 990 PDF
FY2020Filed with the IRS May 10, 2021 $533K$361K$171K$568K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $568,250 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $525,043$551,185
I-9 Program service revenuePrior year $1,400$0
I-10 Investment incomePrior year $2,035$34
I-11 Other revenuePrior year $4,031$17,031
I-12 Total revenuePrior year $532,509$568,250
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $361,202$463,801
I-18 Total expensesPrior year $361,202$463,801
I-19 Revenue less expensesPrior year $171,307$104,449
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $568,250 across 6 lines filed
VIII-1b Membership dues$551,185
VIII-1h Total contributions, gifts and grants$551,185
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$0
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $34$34
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $17,031 · Unrelated business $0 · Excluded from tax $0$17,031
VIII-12 Total revenueRelated to mission $17,031 · Unrelated business $0 · Excluded from tax $34$568,250
Part IX · Statement of functional expenses $463,801 across 7 lines filed
IX-11a Management feesPrograms $0 · Management $12,000 · Fundraising $0$12,000
IX-11b Legal feesPrograms $0 · Management $25,636 · Fundraising $0$25,636
IX-11c Accounting feesPrograms $0 · Management $675 · Fundraising $0$675
IX-13 Office expensesPrograms $0 · Management $6,682 · Fundraising $0$6,682
IX-23 InsurancePrograms $14,702 · Management $0 · Fundraising $0$14,702
IX-24 Other expenses (24a–d)Programs $207,905 · Management $0 · Fundraising $0$207,905
IX-24e All other expensesPrograms $191,804 · Management $4,397 · Fundraising $0$196,201
IX-25 Total functional expensesPrograms $414,411 · Management $49,390 · Fundraising $0$463,801
Part X · Balance sheet $736,379 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $279,627$625,233
X-2 Savings and temporary cash investmentsStart of year $354,427$85,017
X-4 Accounts receivableStart of year $437$6,613
X-9 Prepaid expenses and deferred chargesStart of year $10,404$2,481
X-15 Other assetsStart of year $17,035$17,035
X-16 Total assetsStart of year $661,930$736,379
X-19 Deferred revenueStart of year $68,913$63,946
X-26 Total liabilitiesStart of year $93,946$63,946
X-31 Retained earnings or endowmentStart of year $567,984$672,433
X-32 Total net assets or fund balancesStart of year $567,984$672,433
X-33 Total liabilities and net assetsStart of year $661,930$736,379
Part XI · Reconciliation of net assets $672,433 net assets at year end
XI-1 Total revenue$568,250
XI-2 Total expenses$463,801
XI-3 Revenue less expenses$104,449
XI-4 Net assets at start of year$567,984
XI-10 Net assets at end of year$672,433

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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