Regency Square Improvement Assn

Houston, TXUnknown exempt organizationEIN 74-2200322Revenue $255K in FY2024

On file with the IRS1330 Enclave Parkway Ste 425 · Houston, TX

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to promote the health, safety and welfare of the community at large

56¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
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 $54K a year · 20% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
56%
of spending
Worth a look: 56% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
9 mo
of spending, in cash
Looks good: 9.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$53K
24% of total assets
Looks good: liabilities are 24% 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
$255K
-14% vs prior year
Spent
$146K
To programs
56%
Net assets
$172K
By yearFY2020–FY2024
Revenue
$255K
FY2024▼ -14%
Tap a bar for its year
Revenue by fiscal year
FY2020$254K
FY2021$266K
FY2022$269K
FY2023$297K
FY2024$255K
Expenses
$146K
FY2024▼ -30%
Tap a bar for its year
Expenses by fiscal year
FY2020$198K
FY2021$210K
FY2022$310K
FY2023$208K
FY2024$146K
Net assets
$172K
FY2024▲ +57%
Tap a bar for its year
Net assets by fiscal year
FY2020$57K
FY2021$59K
FY2022$28K
FY2023$109K
FY2024$172K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

56 cents of each dollar spent went to programs.

Program services 56% · $82K Management & general 44% · $64K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Regency Square Improvement Assn 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

Improves community health, safety, and overall well-being.

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Provided by the organization

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1 program · $82K · in their own filed words · FY2024
01

To promote the health safety and welfare of the community and to provide the services much like a quasi governmental unit for the community at large

$82Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$255K
Ln 12
Gifts and grantsLn 1h$252K
Investment incomeLn 3$3K
Other incomeLn 4–11$26
Money outPt IX
$146K
Ln 25
Programscol B$82K
Managementcol C$64K
Owns and owesPt X
$172K
net assets · Ln 32
Cash and savingsLn 1–2$113K
Total assetsLn 16$225K
LiabilitiesLn 26$53K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$252K
Investment incomeLn 3$3K
Other incomeLn 4–11$26
Total revenueLn 12$255K
Assets in detailPt X, end of year
CashLn 1$85K
SavingsLn 2$28K
Cash and savings togetherLn 1–2$113K
Other assetsLn 15$20K
Total assetsLn 16$225K
LiabilitiesLn 26$53K
Net assetsLn 32$172K
OperationsPt I, VI
EmployeesI 50
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 FY24End FY24
Cash and savingsLn 1–2$43K$113K
Total assetsLn 16$150K$225K
LiabilitiesLn 26$40K$53K
Net assetsLn 32$109K$172K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$25K$25K
Legal feesLn 11b−$2K−$2K
Other fees for servicesLn 11g$82K$82K
Office expensesLn 13$13K$13K
Other expenses (24a–d)Ln 24$28K$28K
Total functional expensesLn 25$146K$82K$64K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $255K$146K$109K$172K 990 PDF
FY2023 $297K$208K$89K$109K 990 PDF
FY2022 $269K$310K−$41K$28K 990 PDF
FY2021 $266K$210K$56K$59K 990 PDF
FY2020 $254K$198K$56K$57K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $254,666 revenue, 12 lines filed
I-8 Contributions and grants$251,971
I-9 Program service revenue$0
I-10 Investment income$2,669
I-11 Other revenue$26
I-12 Total revenue$254,666
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 expenses$145,853
I-18 Total expenses$145,853
I-19 Revenue less expenses$108,813
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 $254,666 across 6 lines filed
VIII-1b Membership dues$251,971
VIII-1h Total contributions, gifts and grants$251,971
VIII-3 Investment incomeRelated to mission $2,669$2,669
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $26$26
VIII-12 Total revenueRelated to mission $2,695 · Unrelated business $0 · Excluded from tax $0$254,666
Part IX · Statement of functional expenses $145,853 across 5 lines filed
IX-11a Management feesManagement $24,947$24,947
IX-11b Legal feesManagement −$2,278−$2,278
IX-11g Other fees for servicesPrograms $82,202$82,202
IX-13 Office expensesManagement $13,320$13,320
IX-24 Other expenses (24a–d)Management $27,662$27,662
IX-25 Total functional expensesPrograms $82,202 · Management $63,651 · Fundraising $0$145,853
Part X · Balance sheet $224,734 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $23,870$85,440
X-2 Savings and temporary cash investmentsStart of year $19,426$27,512
X-4 Accounts receivableStart of year $85,938$59,962
X-9 Prepaid expenses and deferred chargesStart of year $280$31,820
X-15 Other assetsStart of year $20,000$20,000
X-16 Total assetsStart of year $149,514$224,734
X-17 Accounts payable and accrued expensesStart of year $7,034$1,046
X-19 Deferred revenueStart of year $9,261$284
X-25 Other liabilitiesStart of year $23,810$51,593
X-26 Total liabilitiesStart of year $40,105$52,923
X-32 Total net assets or fund balancesStart of year $109,409$171,811
X-33 Total liabilities and net assetsStart of year $149,514$224,734
Part XI · Reconciliation of net assets $171,811 net assets at year end
XI-1 Total revenue$254,666
XI-2 Total expenses$145,853
XI-3 Revenue less expenses$108,813
XI-4 Net assets at start of year$109,409
XI-8 Prior period adjustments−$46,411
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$171,811

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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