Civic Intelligence

Grayson Lakes Community Association Inc

990 • Fiscal year 2014 • EIN 30-0038082

Jan 01, 2014 to Dec 31, 2014 • Filed on Sep 18, 2015

Organization Profilewww.graysonlakesliving.com
22503 Katy Freeway Ste 7Katy, TX 77450

(281) 347-7772

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

95th percentile

1.03x

Higher debt load relative to assets than 95% of similar nonprofits.

2014 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

83rd percentile

0.92x

Higher debt load relative to revenue than 83% of similar nonprofits.

2014 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2014

Net Margin

12th percentile

-20%

Higher net margin than 12% of similar nonprofits.

2014 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

67th percentile

$0

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2014

Asset Growth

89th percentile

28%

Faster asset growth than 89% of similar nonprofits.

2014 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

42nd percentile

-0.3%

Faster revenue growth than 42% of similar nonprofits.

2014 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$490,374

Up $107,997 (+28%) from 2013

Net Assets

Down

-$12,823

Down $147,281 (-110%) from 2013

Liabilities

Up

$503,197

Up $255,278 (+103%) from 2013

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin12th percentile

Revenue

Down

$547,678

Down $1,579 (-0.3%) from 2013

Expenses

Up

$656,454

Up $146,618 (+29%) from 2013

Net Income

Down

-$108,776

Down $148,197 (-376%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0-$500KAssets 2012: $118,813Liabilities 2012: $81,397Net Assets 2012: $37,4162012Assets 2013: $382,377Liabilities 2013: $247,919Net Assets 2013: $134,4582013Assets 2014: $490,374Liabilities 2014: $503,197Net Assets 2014: -$12,8232014Assets 2015: $418,594Liabilities 2015: $434,322Net Assets 2015: -$15,7282015Assets 2016: $376,499Liabilities 2016: $385,952Net Assets 2016: -$9,4532016Assets 2017: $397,698Liabilities 2017: $341,500Net Assets 2017: $56,1982017Assets 2018: $515,660Liabilities 2018: $345,533Net Assets 2018: $170,1272018Assets 2019: $560,286Liabilities 2019: $280,640Net Assets 2019: $279,6462019Assets 2020: $632,005Liabilities 2020: $292,928Net Assets 2020: $339,0772020Assets 2021: $683,144Liabilities 2021: $287,282Net Assets 2021: $395,8622021Assets 2022: $600,970Liabilities 2022: $274,888Net Assets 2022: $326,0822022Assets 2023: $1,380,387Liabilities 2023: $363,237Net Assets 2023: $1,017,1502023Assets 2024: $1,206,939Liabilities 2024: $1,064,814Net Assets 2024: $142,1252024

Highlighted filing

2014

Assets$490,374
Liabilities$503,197
Net Assets-$12,823
Open 2014 Filing

Operations Trend

Revenue Growth42nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500K-$1.0MExpenses 2012: $524,6122012Revenue 2013: $549,257Expenses 2013: $509,836Net Income 2013: $39,4212013Revenue 2014: $547,678Expenses 2014: $656,454Net Income 2014: -$108,7762014Revenue 2015: $535,251Expenses 2015: $530,985Net Income 2015: $4,2662015Revenue 2016: $529,194Expenses 2016: $521,773Net Income 2016: $7,4212016Revenue 2017: $566,868Expenses 2017: $501,213Net Income 2017: $65,6552017Revenue 2018: $566,060Expenses 2018: $452,131Net Income 2018: $113,9292018Revenue 2019: $566,262Expenses 2019: $478,128Net Income 2019: $88,1342019Revenue 2020: $645,732Expenses 2020: $581,331Net Income 2020: $64,4012020Revenue 2021: $641,387Expenses 2021: $492,175Net Income 2021: $149,2122021Revenue 2022: $704,608Expenses 2022: $555,913Net Income 2022: $148,6952022Revenue 2023: $743,228Expenses 2023: $526,538Net Income 2023: $216,6902023Revenue 2024: $786,139Expenses 2024: $1,378,440Net Income 2024: -$592,3012024

Highlighted filing

2014

Revenue$547,678
Expenses$656,454
Net Income-$108,776
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Sep 18, 2015
Return Version
2014v5.0
Gross Receipts
$547,678
Mission and Program Overview

Mission

Maintenance of the common areas and recreational services for the benefit of the communityand world at large.

Maintenance, preservation of common property and promotion ofsocial welfare benefitting the community at large.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$331,662$429,430▲ $97,768
Accounts Receivable$37,782$10,269▼ $27,513
Prepaid Expenses and Deferred Charges$12,933$3,895▼ $9,038
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$134,458$-12,823▼ $147,281
Total Assets$382,377$490,374▲ $107,997
Other Assets Total$0$46,780▲ $46,780
Liabilities
Other Liabilities$220,430$300,436▲ $80,006
Unsecured Notes Loans Payable-$186,000-
Accounts Payable and Accrued Expenses$27,489$16,761▼ $10,728
Total Liabilities$247,919$503,197▲ $255,278
Net Assets / Fund Balance
Total Net Assets Fund Balance$134,458$-12,823▼ $147,281
Total Liabilities and Net Assets / Fund Balance$382,377$490,374▲ $107,997

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$46,780--
Compensation and Service Providers
Top Officer Pay67th percentile

Board Members and Trustees

NameTitle
Lee McadoryPresident
John JordanVice President
Jeff MannDirector
Robin CashmanSecretary
Jim KeilTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$528,345
Investment Income
$566
Other Revenue
$18,767
Change in Net Assets
$-108,776

Audited Revenue Reconciliation

Revenue per Audited Statements
$547,678
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$547,678
Total Revenue per Form 990
$547,678
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$656,454
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$34,000--$34,000
Other Expenses$32,722--$32,722
Insurance$22,543--$22,543
Fees for Services Management-$17,490-$17,490
Fees for Services Legal$7,254$9,149-$16,403
Office Expenses-$15,172-$15,172
Fees for Services Accounting-$8,004-$8,004
Interest-$917-$917
Total Functional Expenses$605,722$50,732$0$656,454

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$656,454
Total Expenses per Audited Statements$656,454
Total Expenses per Form 990$656,454
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Prepaid Assessments$247,456
Due to Reserve$46,780
Deposits$6,200
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, line 3

“The association is governed by an uncompensated volunteer board of directors that are voted into office by the membership. The management of the day to day affairs are performed by community sound, inc.”

Form 990, Part VI, Section A, line 6

“The association is a non-profit membership organization that is governed by an uncompensated volunteer board of directors that are voted into office by the membership.”

Form 990, Part VI, Section A, line 7A

“The board of directors are voted into office by the membership.”

Form 990, Part VI, Section B, line 11

“Reviewed at monthly board of directors meeting.”

Form 990, Part VI, Section C, line 19

“The association's governing documents are available for inspection upon request.”

Filing and Contact Details

Filer

Filer Name
Grayson Lakes Community Association Inc
EIN
30-0038082
Phone
2813477772
Address
22503 Katy Freeway Ste 7, Katy, TX 77450

Signing Officer

Name
Ed Parma
Title
President
Phone
2813477772
Signed
2015-09-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lee Mcadory
Formed
2001
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Canady & Canady P C
Address
4707 INGERSOLL ST, HOUSTON, TX 77027
Preparer
D Jeff Canady CPA
Phone
7137831021
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

“The audit committee selects auditor and oversees the audit.”

Raw XML Appendix338 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION IS GOVERNED BY AN UNCOMPENSATED VOLUNTEER BOARD OF DIRECTORS THAT ARE VOTED INTO OFFICE BY THE MEMBERSHIP. THE MANAGEMENT OF THE DAY TO DAY AFFAIRS ARE PERFORMED BY COMMUNITY SOUND, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ASSOCIATION IS A NON-PROFIT MEMBERSHIP ORGANIZATION THAT IS GOVERNED BY AN UNCOMPENSATED VOLUNTEER BOARD OF DIRECTORS THAT ARE VOTED INTO OFFICE BY THE MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS ARE VOTED INTO OFFICE BY THE MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REVIEWED AT MONTHLY BOARD OF DIRECTORS MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ASSOCIATION'S GOVERNING DOCUMENTS ARE AVAILABLE FOR INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE AUDIT COMMITTEE SELECTS AUDITOR AND OVERSEES THE AUDIT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XII, Line 2c:
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IRS990/TaxablePartyNotificationInd00
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IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0382377
IRS990/TotalAssetsEOYAmt0490374
IRS990/TotalAssetsGrp/BOYAmt0382377
IRS990/TotalAssetsGrp/EOYAmt0490374
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt050732
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0605722
IRS990/TotalFunctionalExpensesGrp/TotalAmt0656454
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0247919
IRS990/TotalLiabilitiesEOYAmt0503197
IRS990/TotalLiabilitiesGrp/BOYAmt0247919
IRS990/TotalLiabilitiesGrp/EOYAmt0503197
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0134458
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-12823
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0605722
IRS990/TotalProgramServiceRevenueAmt0528345
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0547678
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0547678
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0382377
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0490374
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0186000
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt022503 KATY FREEWAY STE7
IRS990/USAddress/CityNm0KATY
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077450
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.graysonlakesliving.com
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ED PARMA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02813477772
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-09-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GRAYSON LAKES COMMUNITY ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0GRAY
ReturnHeader/Filer/EIN0300038082
ReturnHeader/Filer/PhoneNum02813477772
ReturnHeader/Filer/USAddress/AddressLine1Txt022503 Katy Freeway Ste 7
ReturnHeader/Filer/USAddress/CityNm0Katy
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077450
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0760648208
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CANADY & CANADY P C
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04707 INGERSOLL ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HOUSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077027
ReturnHeader/PreparerPersonGrp/PhoneNum07137831021
ReturnHeader/PreparerPersonGrp/PreparationDt02015-09-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0D JEFF CANADY CPA
ReturnHeader/ReturnTs02015-09-23T16:59:30-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$490,374
Liabilities
$503,197
Net assets
-$12,823
Revenue
$547,678
Expenses
$656,454
Net income
-$108,776
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$1.06$0.14$0.79$1.38$0.59
2023Detailed filing. Detailed filing data is available for this year.$1.38$0.36$1.02$0.74$0.53$0.22
2022Detailed filing. Detailed filing data is available for this year.$0.60$0.27$0.33$0.70$0.56$0.15
2021Detailed filing. Detailed filing data is available for this year.$0.68$0.29$0.40$0.64$0.49$0.15
2020Detailed filing. Detailed filing data is available for this year.$0.63$0.29$0.34$0.65$0.58$0.06
2019Detailed filing. Detailed filing data is available for this year.$0.56$0.28$0.28$0.57$0.48$0.09
2018Detailed filing. Detailed filing data is available for this year.$0.52$0.35$0.17$0.57$0.45$0.11
2017Detailed filing. Detailed filing data is available for this year.$0.40$0.34$0.06$0.57$0.50$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.38$0.39$0.01$0.53$0.52$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.42$0.43$0.02$0.54$0.53$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.49$0.50$0.01$0.55$0.66$0.11
2013Detailed filing. Detailed filing data is available for this year.$0.38$0.25$0.13$0.55$0.51$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.12$0.08$0.04$0.52