Castle Hills Master Association INC: Nonprofit Profile, Financials & Form 990 (EIN 75-2765913)

Revenue by fiscal year
FY2020	$3.9M
FY2021	$4.9M
FY2022	$8.1M
FY2023	$6.0M
FY2024	$8.4M

Expenses by fiscal year
FY2020	$5.0M
FY2021	$4.8M
FY2022	$6.9M
FY2023	$7.4M
FY2024	$7.6M

Net assets by fiscal year
FY2020	$2K
FY2021	−$136K
FY2022	$863K
FY2023	−$272K
FY2024	$2.8M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2000.

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

Where the money goes

98 cents of each dollar spent went to programs.

98%

Program services 98% · $7.4M Management & general 2% · $147K

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

Harvey R Bright

Director

$0Pt VII · Sec A

Eric Stanley

Director

$0Pt VII · Sec A

Parker Bright

Director

$0Pt VII · Sec A

Keegan Smith

Director

$0Pt VII · Sec A

Kristen Fritz

Director

$0Pt VII · Sec A

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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 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Maintains common areas, mail delivery, security, and basic cable for the community.

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Provided by the organization

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1 program · $7.4M · in their own filed words · FY2024

01

Landscaping and landscape maintenance of the common areas, parks, and entrances of the Castle Hills community; maintenance and upkeep of tennis courts, soccer fields, and pools in the Castle Hills community; operation and upkeep of the community center building; mail delivery and security services for Castle Hills.

$7.4Mprogram expense

By the numbers

The FY2024 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$8.4M

Ln 12

Gifts and grantsLn 1h$7.8M

Other incomeLn 4–11$523K

Investment incomeLn 3$120K

Money outPt IX

$7.6M

Ln 25

Programscol B$7.4M

Managementcol C$147K

Owns and owesPt X

$2.8M

net assets · Ln 32

Cash and savingsLn 1–2$2.0M

Total assetsLn 16$8.7M

LiabilitiesLn 26$5.9M

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$7.8M

Investment incomeLn 3$120K

Other incomeLn 4–11$523K

Total revenueLn 12$8.4M

Assets in detailPt X, end of year

CashLn 1$116K

SavingsLn 2$1.9M

Cash and savings togetherLn 1–2$2.0M

Land, buildings, equipmentLn 10c$3.6M

Other assetsLn 15$0

Total assetsLn 16$8.7M

LiabilitiesLn 26$5.9M

Net assetsLn 32$2.8M

OperationsPt I, VI

EmployeesI 565

VolunteersI 60

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$1.2M	$2.0M
Land, buildings, equipmentLn 10c	$2.2M	$3.6M
Total assetsLn 16	$3.7M	$8.7M
LiabilitiesLn 26	$4.0M	$5.9M
Net assetsLn 32	−$272K	$2.8M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$211K	$211K	$0	$0
Payroll taxesLn 10	$2.5M	$2.5M	$0	$0
Management feesLn 11a	$131K	$0	$131K	$0
Accounting feesLn 11c	$16K	$0	$16K	$0
Other fees for servicesLn 11g	$19K	$19K	$0	$0
Office expensesLn 13	$43K	$43K	$0	$0
InterestLn 20	$42K	$42K	$0	$0
Depreciation, depletion and amortizationLn 22	$360K	$360K	$0	$0
InsuranceLn 23	$431K	$431K	$0	$0
Other expenses (24a–d)Ln 24	$2.4M	$2.4M	$0	$0
All other expensesLn 24e	$1.4M	$1.4M	$0	$0
Total functional expensesLn 25	$7.6M	$7.4M	$147K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$8.4M	$7.6M	$872K	$2.8M	990 PDF
FY2023	$6.0M	$7.4M	−$1.4M	−$272K	990 PDF
FY2022	$8.1M	$6.9M	$1.2M	$863K	990 PDF
FY2021	$4.9M	$4.8M	$109K	−$136K	990 PDF
FY2020	$3.9M	$5.0M	−$1.1M	$2K	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 FY2024 990 (6 parts)

Part I · Summary $8,449,074 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $5,332,914$7,806,181

I-9 Program service revenue$0

I-10 Investment incomePrior year $4,219$120,315

I-11 Other revenuePrior year $672,362$522,578

I-12 Total revenuePrior year $6,009,495$8,449,074

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $2,422,542$2,723,042

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $4,981,136$4,854,495

I-18 Total expensesPrior year $7,403,678$7,577,537

I-19 Revenue less expensesPrior year −$1,394,183$871,537

Part VI · Governance 5 of 5 board members independent, 5 to look at

VI-1a Voting members of the governing body5

VI-1b Independent voting members5

VI-2 Family or business relationship among officers or directorsYes

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

Part VIII · Statement of revenue $8,449,074 across 5 lines filed

VIII-1b Membership dues$7,806,181

VIII-1h Total contributions, gifts and grants$7,806,181

VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $120,315$120,315

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $522,578 · Unrelated business $0 · Excluded from tax $0$522,578

VIII-12 Total revenueRelated to mission $522,578 · Unrelated business $0 · Excluded from tax $120,315$8,449,074

Part IX · Statement of functional expenses $7,577,537 across 11 lines filed

IX-7 Other salaries and wagesPrograms $211,084 · Management $0 · Fundraising $0$211,084

IX-10 Payroll taxesPrograms $2,511,958 · Management $0 · Fundraising $0$2,511,958

IX-11a Management feesPrograms $0 · Management $130,920 · Fundraising $0$130,920

IX-11c Accounting feesPrograms $0 · Management $15,900 · Fundraising $0$15,900

IX-11g Other fees for servicesPrograms $18,978 · Management $0 · Fundraising $0$18,978

IX-13 Office expensesPrograms $43,131 · Management $0 · Fundraising $0$43,131

IX-20 InterestPrograms $42,432 · Management $0 · Fundraising $0$42,432

IX-22 Depreciation, depletion and amortizationPrograms $359,935 · Management $0 · Fundraising $0$359,935

IX-23 InsurancePrograms $430,966 · Management $0 · Fundraising $0$430,966

IX-24 Other expenses (24a–d)Programs $2,397,716 · Management $0 · Fundraising $0$2,397,716

IX-24e All other expensesPrograms $1,414,517 · Management $0 · Fundraising $0$1,414,517

IX-25 Total functional expensesPrograms $7,430,717 · Management $146,820 · Fundraising $0$7,577,537

Part X · Balance sheet $8,664,801 assets, 12 lines filed

X-1 Cash, non-interest-bearingStart of year $24,738$115,650

X-2 Savings and temporary cash investmentsStart of year $1,209,569$1,891,307

X-4 Accounts receivableStart of year $200,717$2,935,270

X-9 Prepaid expenses and deferred chargesStart of year $34,786$131,618

X-10c Land, buildings and equipment, netStart of year $2,236,656$3,590,956

X-15 Other assetsStart of year $0$0

X-16 Total assetsStart of year $3,706,466$8,664,801

X-17 Accounts payable and accrued expensesStart of year $0$2,249,712

X-19 Deferred revenueStart of year $0$2,926,015

X-26 Total liabilitiesStart of year $3,978,647$5,853,716

X-32 Total net assets or fund balancesStart of year −$272,181$2,811,085

X-33 Total liabilities and net assetsStart of year $3,706,466$8,664,801

Part XI · Reconciliation of net assets $2,811,085 net assets at year end

XI-1 Total revenue$8,449,074

XI-2 Total expenses$7,577,537

XI-3 Revenue less expenses$871,537

XI-4 Net assets at start of year−$272,181

XI-9 Other changes in net assets$2,211,729

XI-10 Net assets at end of year$2,811,085

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

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Castle Hills Master Association INC

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Castle Hills Master Association INC

By the numbers

Filing history

Schedules filed Part IV