Seis Lagos Community Services Assoc

Not tax-deductible

Wylie, TX501(c)(7)Mutual / membership EIN 75-1963073Revenue $762K in FY2024Latest return filed Oct 21, 2025

On file with the IRS224 Seis Lagos Trl, 75098-8222 · Wylie, TXTax-exempt since Mar 1985

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Homeowner's Association

501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
Run by 20 volunteers and 28 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
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
5 of 5
filings with a surplus
Average surplus $75K a year · 11% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
6 mo
of spending, in cash
Looks good: 6.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$368K
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$762K
-0.4% vs prior year
Spent
$728K
To programs
0%
Net assets
$3.3M
By yearFY2020–FY2024
Revenue
$762K
FY2024-0.4%
Tap a bar for its year
Revenue by fiscal year
FY2020$610K
FY2021$611K
FY2022$615K
FY2023$765K
FY2024$762K
Expenses
$728K
FY2024▲ +18%
Tap a bar for its year
Expenses by fiscal year
FY2020$493K
FY2021$556K
FY2022$591K
FY2023$618K
FY2024$728K
Net assets
$3.3M
FY2024▲ +240%
Tap a bar for its year
Net assets by fiscal year
FY2020$902K
FY2021$957K
FY2022$875K
FY2023$976K
FY2024$3.3M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1985.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $728K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2021FY2020
Christi Davidson—$28,682
Lori Stewart$13,861—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Seis Lagos Community Services Assoc 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

Seis Lagos Community Services Assoc is a member-serving organization based in Wylie, TX.

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1 program · in their own filed words · FY2024
01

Homeowners association

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$762K
Ln 12
Gifts and grantsLn 1h$739K
Other incomeLn 4–11$18K
Investment incomeLn 3$5K
Money outPt IX
$728K
Ln 25
Managementcol C$728K
Owns and owesPt X
$3.3M
net assets · Ln 32
Cash and savingsLn 1–2$383K
Total assetsLn 16$3.7M
LiabilitiesLn 26$368K
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$739K
Investment incomeLn 3$5K
Other incomeLn 4–11$18K
Total revenueLn 12$762K
Assets in detailPt X, end of year
CashLn 1$81K
SavingsLn 2$302K
Cash and savings togetherLn 1–2$383K
Land, buildings, equipmentLn 10c$3.2M
Other assetsLn 15$41K
Total assetsLn 16$3.7M
LiabilitiesLn 26$368K
Net assetsLn 32$3.3M
OperationsPt I, VI
EmployeesI 528
VolunteersI 620
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$314K$383K
Land, buildings, equipmentLn 10c$3.4M$3.2M
Total assetsLn 16$3.3M$3.7M
LiabilitiesLn 26$48K$368K
Net assetsLn 32$3.3M$3.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$265K$265K
Other employee benefitsLn 9$714$714
Payroll taxesLn 10$21K$21K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$8K$8K
Office expensesLn 13$9K$9K
Information technologyLn 14$7K$7K
Depreciation, depletion and amortizationLn 22$28K$28K
InsuranceLn 23$33K$33K
Other expenses (24a–d)Ln 24$352K$352K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$728K$0$728K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Oct 21, 2025 $762K$728K$34K$3.3M 990 PDF
FY2023Filed with the IRS Feb 28, 2025 $765K$618K$147K$976K 990 PDF
FY2022Filed with the IRS Feb 28, 2025 $615K$591K$24K$875K 990 PDF
FY2021Filed with the IRS Nov 17, 2022 $611K$556K$55K$957K 990 PDF
FY2020Filed with the IRS Nov 10, 2021 $610K$493K$117K$902K 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 FY2024 990 (6 parts)
Part I · Summary $761,801 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $741,666$738,586
I-9 Program service revenue$0
I-10 Investment incomePrior year $3,263$5,175
I-11 Other revenuePrior year $19,912$18,040
I-12 Total revenuePrior year $764,841$761,801
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $304,984$287,203
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $313,179$440,516
I-18 Total expensesPrior year $618,163$727,719
I-19 Revenue less expensesPrior year $146,678$34,082
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $761,801 across 7 lines filed
VIII-1b Membership dues$733,161
VIII-1f All other contributions, gifts and grants$5,425
VIII-1h Total contributions, gifts and grants$738,586
VIII-3 Investment incomeRelated to mission $5,175$5,175
VIII-6 Net rental income or lossRelated to mission $18,040$18,040
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $23,215 · Unrelated business $0 · Excluded from tax $0$761,801
Part IX · Statement of functional expenses $727,719 across 11 lines filed
IX-7 Other salaries and wagesManagement $265,226$265,226
IX-9 Other employee benefitsManagement $714$714
IX-10 Payroll taxesManagement $21,263$21,263
IX-11b Legal feesManagement $1,532$1,532
IX-11c Accounting feesManagement $7,500$7,500
IX-13 Office expensesManagement $9,199$9,199
IX-14 Information technologyManagement $6,512$6,512
IX-22 Depreciation, depletion and amortizationManagement $27,722$27,722
IX-23 InsuranceManagement $33,449$33,449
IX-24 Other expenses (24a–d)Management $352,265$352,265
IX-24e All other expensesManagement $2,337$2,337
IX-25 Total functional expensesPrograms $0 · Management $727,719 · Fundraising $0$727,719
Part X · Balance sheet $3,689,340 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $63,631$80,715
X-2 Savings and temporary cash investmentsStart of year $249,991$302,365
X-4 Accounts receivableStart of year $3,585$6,095
X-9 Prepaid expenses and deferred chargesStart of year $33,081$41,126
X-10c Land, buildings and equipment, netStart of year $3,352,403$3,218,309
X-15 Other assetsStart of year −$367,980$40,730
X-16 Total assetsStart of year $3,334,711$3,689,340
X-17 Accounts payable and accrued expensesStart of year $47,168$65,350
X-25 Other liabilitiesStart of year $500$302,865
X-26 Total liabilitiesStart of year $47,668$368,215
X-32 Total net assets or fund balancesStart of year $3,287,043$3,321,125
X-33 Total liabilities and net assetsStart of year $3,334,711$3,689,340
Part XI · Reconciliation of net assets $3,321,125 net assets at year end
XI-1 Total revenue$761,801
XI-2 Total expenses$727,719
XI-3 Revenue less expenses$34,082
XI-4 Net assets at start of year$3,287,043
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,321,125

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

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