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Parkside Common Association FY2022 filing

Not tax-deductible

Dallas, TX501(c)(4)Housing EIN 47-2728054Revenue $574K in FY2022

On file with the IRSPo Box 803555, 75380-3555 · Dallas, 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.
85¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2022 · 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
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
52 mo
of spending, in cash
Looks good: 52.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$325K
25% of total assets
Looks good: liabilities are 25% 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
$574K
+1% vs prior year
Spent
$284K
To programs
85%
Net assets
$962K
By yearFY2020–FY2024
Revenue
$574K
FY2022▲ +1%
Tap a bar for its year
Revenue by fiscal year
FY2020$533K
FY2021$568K
FY2022$574K
FY2023$562K
FY2024$571K
Expenses
$284K
FY2022▼ -39%
Tap a bar for its year
Expenses by fiscal year
FY2020$361K
FY2021$464K
FY2022$284K
FY2023$418K
FY2024$755K
Net assets
$962K
FY2022▲ +43%
Tap a bar for its year
Net assets by fiscal year
FY2020$568K
FY2021$672K
FY2022$962K
FY2023$1.1M
FY2024$923K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2022 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

85 cents of each dollar spent went to programs.

Program services 85% · $242K Management & general 15% · $42K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
Annie Jacob
President
$0Pt VII · Sec A
Jaykishan Tiwan
Vice President
$0Pt VII · Sec A
Sai Kumar
Vice President
$0Pt VII · Sec A
Garrett Scott
Secretary
$0Pt VII · Sec A
Ashish Verma
Treasurer
$0Pt VII · Sec A
See Parkside Common Association executive salaries →

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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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Provided by the organization

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3 programs · $235K · in their own filed words · FY2022
01

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

$185Kprogram expense
02

Security for community and residents

$26Kprogram expense
03

Holiday Lighting for community

$25Kprogram expense

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$574K
Ln 12
Gifts and grantsLn 1h$530K
Other incomeLn 4–11$44K
Investment incomeLn 3$318
Money outPt IX
$284K
Ln 25
Programscol B$242K
Managementcol C$42K
Owns and owesPt X
$962K
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$1.3M
LiabilitiesLn 26$325K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$530K
Investment incomeLn 3$318
Other incomeLn 4–11$44K
Total revenueLn 12$574K
Assets in detailPt X, end of year
CashLn 1$1.0M
SavingsLn 2$194K
Cash and savings togetherLn 1–2$1.2M
Other assetsLn 15$17K
Total assetsLn 16$1.3M
LiabilitiesLn 26$325K
Net assetsLn 32$962K
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 FY22End FY22
Cash and savingsLn 1–2$710K$1.2M
Total assetsLn 16$736K$1.3M
LiabilitiesLn 26$64K$325K
Net assetsLn 32$672K$962K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$18K$0$18K$0
Legal feesLn 11b$8K$0$8K$0
Accounting feesLn 11c$895$0$895$0
Office expensesLn 13$10K$0$10K$0
InsuranceLn 23$6K$6K$0$0
Other expenses (24a–d)Ln 24$185K$185K$0$0
All other expensesLn 24e$57K$51K$6K$0
Total functional expensesLn 25$284K$242K$42K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $571K$755K−$184K$923K 990 PDF
FY2023 $562K$418K$144K$1.1M 990 PDF
FY2022 Viewing $574K$284K$290K$962K 990 PDF
FY2021 $568K$464K$104K$672K 990 PDF
FY2020 $533K$361K$171K$568K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $574,073 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $551,185$529,827
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $34$318
I-11 Other revenuePrior year $17,031$43,928
I-12 Total revenuePrior year $568,250$574,073
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 $463,801$284,007
I-18 Total expensesPrior year $463,801$284,007
I-19 Revenue less expensesPrior year $104,449$290,066
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 $574,073 across 6 lines filed
VIII-1b Membership dues$529,827
VIII-1h Total contributions, gifts and grants$529,827
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 $318$318
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $43,928 · Unrelated business $0 · Excluded from tax $0$43,928
VIII-12 Total revenueRelated to mission $43,928 · Unrelated business $0 · Excluded from tax $318$574,073
Part IX · Statement of functional expenses $284,007 across 7 lines filed
IX-11a Management feesPrograms $0 · Management $17,500 · Fundraising $0$17,500
IX-11b Legal feesPrograms $0 · Management $7,520 · Fundraising $0$7,520
IX-11c Accounting feesPrograms $0 · Management $895 · Fundraising $0$895
IX-13 Office expensesPrograms $0 · Management $10,345 · Fundraising $0$10,345
IX-23 InsurancePrograms $6,384 · Management $0 · Fundraising $0$6,384
IX-24 Other expenses (24a–d)Programs $184,637 · Management $0 · Fundraising $0$184,637
IX-24e All other expensesPrograms $51,185 · Management $5,541 · Fundraising $0$56,726
IX-25 Total functional expensesPrograms $242,206 · Management $41,801 · Fundraising $0$284,007
Part X · Balance sheet $1,287,942 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $625,233$1,043,174
X-2 Savings and temporary cash investmentsStart of year $85,017$193,668
X-4 Accounts receivableStart of year $6,613$23,328
X-9 Prepaid expenses and deferred chargesStart of year $2,481$10,737
X-15 Other assetsStart of year $17,035$17,035
X-16 Total assetsStart of year $736,379$1,287,942
X-17 Accounts payable and accrued expenses$82,210
X-19 Deferred revenueStart of year $63,946$243,233
X-26 Total liabilitiesStart of year $63,946$325,443
X-32 Total net assets or fund balancesStart of year $672,433$962,499
X-33 Total liabilities and net assetsStart of year $736,379$1,287,942
Part XI · Reconciliation of net assets $962,499 net assets at year end
XI-1 Total revenue$574,073
XI-2 Total expenses$284,007
XI-3 Revenue less expenses$290,066
XI-4 Net assets at start of year$672,433
XI-10 Net assets at end of year$962,499

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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