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Lancaster Community Association INC

Not tax-deductible

Cypress, TX501(c)(4)HousingEIN 76-0045359Revenue $709K in FY2024

On file with the IRSmylcai.com19831 Stoney Haven Dr, 77433-1099 · Cypress, TXTax-exempt since Jul 2022

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Common area maintenance, maintenance of landscape esplanades, Community park, recreation center, tennis courts and swimming pool for the benefit and betterment of the Community.

92¢ of each $1 spent went to programs.
Run by 3 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
3 of 3
filings with a surplus
Average surplus $137K a year · 17% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
25 mo
of spending, in cash
Looks good: 24.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$813K
52% of total assets
Fine: liabilities are 52% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$709K
-15% vs prior year
Spent
$701K
To programs
92%
Net assets
$759K
By yearFY2022–FY2024
Revenue
$709K
FY2024▼ -15%
Tap a bar for its year
Revenue by fiscal year
FY2022$845K
FY2023$834K
FY2024$709K
Expenses
$701K
FY2024▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2022$660K
FY2023$616K
FY2024$701K
Net assets
$759K
FY2024▲ +19%
Tap a bar for its year
Net assets by fiscal year
FY2022$449K
FY2023$640K
FY2024$759K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2022.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $647K Management & general 8% · $54K

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
Phyliss Bass
President
$0Pt VII · Sec A
John Guyton
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Lancaster Community Association INC 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 community parks, recreation centers, and sports facilities for residents' enjoyment.

Questions for Lancaster Community Association INC

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Provided by the organization

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1 program · $647K · in their own filed words · FY2024
01

To maintain common areas, rec CENTER/PARK area, swimming pool; provide patrol services and pest control - all benefiting the entire community.

$647Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$709K
Ln 12
Fees for servicesLn 2g$593K
Other incomeLn 4–11$115K
Investment incomeLn 3$258
Money outPt IX
$701K
Ln 25
Programscol B$647K
Managementcol C$54K
Owns and owesPt X
$759K
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$1.6M
LiabilitiesLn 26$813K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$593K
Investment incomeLn 3$258
Other incomeLn 4–11$115K
Total revenueLn 12$709K
Assets in detailPt X, end of year
CashLn 1$990K
SavingsLn 2$465K
Cash and savings togetherLn 1–2$1.5M
Land, buildings, equipmentLn 10c$19K
Total assetsLn 16$1.6M
LiabilitiesLn 26$813K
Net assetsLn 32$759K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
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$973K$1.5M
Land, buildings, equipmentLn 10c$10K$19K
Total assetsLn 16$1.1M$1.6M
LiabilitiesLn 26$484K$813K
Net assetsLn 32$640K$759K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$30K$30K
Legal feesLn 11b$38K$17K$21K
Accounting feesLn 11c$14K$10K$4K
InsuranceLn 23$69K$69K
Other expenses (24a–d)Ln 24$357K$357K
All other expensesLn 24e$194K$194K
Total functional expensesLn 25$701K$647K$54K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $709K$701K$7K$759K 990 PDF
FY2023 $834K$616K$218K$640K 990 PDF
FY2022 $845K$660K$186K$449K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $708,523 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $687,216$592,868
I-10 Investment incomePrior year $10,134$258
I-11 Other revenuePrior year $137,069$115,397
I-12 Total revenuePrior year $834,419$708,523
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $616,074$701,220
I-18 Total expensesPrior year $616,074$701,220
I-19 Revenue less expensesPrior year $218,345$7,303
Part VI · Governance 3 of 3 board members independent, 2 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $708,523 across 4 lines filed
Lines not itemized here account for $2,440 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $592,868$592,868
VIII-3 Investment incomeRelated to mission $258$258
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $112,957$112,957
VIII-12 Total revenueRelated to mission $708,523 · Unrelated business $0 · Excluded from tax $0$708,523
Part IX · Statement of functional expenses $701,220 across 6 lines filed
IX-11a Management feesManagement $29,850$29,850
IX-11b Legal feesPrograms $16,657 · Management $20,930$37,587
IX-11c Accounting feesPrograms $9,985 · Management $3,660$13,645
IX-23 InsurancePrograms $68,898$68,898
IX-24 Other expenses (24a–d)Programs $356,906$356,906
IX-24e All other expensesPrograms $194,334$194,334
IX-25 Total functional expensesPrograms $646,780 · Management $54,440 · Fundraising $0$701,220
Part X · Balance sheet $1,571,616 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $896,330$989,682
X-2 Savings and temporary cash investmentsStart of year $76,772$465,304
X-4 Accounts receivableStart of year $112,981$90,066
X-9 Prepaid expenses and deferred chargesStart of year $28,027$7,553
X-10c Land, buildings and equipment, netStart of year $9,823$19,011
X-16 Total assetsStart of year $1,123,933$1,571,616
X-17 Accounts payable and accrued expensesStart of year $22,675$63,763
X-19 Deferred revenue$163,985
X-25 Other liabilitiesStart of year $461,737$585,272
X-26 Total liabilitiesStart of year $484,412$813,020
X-32 Total net assets or fund balancesStart of year $639,521$758,596
X-33 Total liabilities and net assetsStart of year $1,123,933$1,571,616
Part XI · Reconciliation of net assets $758,596 net assets at year end
XI-1 Total revenue$708,523
XI-2 Total expenses$701,220
XI-3 Revenue less expenses$7,303
XI-4 Net assets at start of year$639,521
XI-9 Other changes in net assets$111,772
XI-10 Net assets at end of year$758,596

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

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