Civic Intelligence

Grayson Lakes Community Association Inc

990 • Fiscal year 2017 • EIN 30-0038082

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 12, 2018

Organization Profilewww.graysonlakesliving.com
17171 Park Row Ste 310Houston, TX 77084

(281) 579-0761

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.86x

Higher debt load relative to assets than 93% of similar nonprofits.

2017 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

78th percentile

0.60x

Higher debt load relative to revenue than 78% of similar nonprofits.

2017 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2017

Net Margin

61st percentile

12%

Higher net margin than 61% of similar nonprofits.

2017 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

68th percentile

$0

Higher top officer pay than 68% of similar nonprofits.

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

2017 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2017

Asset Growth

61st percentile

5.6%

Faster asset growth than 61% of similar nonprofits.

2017 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

63rd percentile

7.1%

Faster revenue growth than 63% of similar nonprofits.

2017 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$397,698

Up $21,199 (+5.6%) from 2016

Net Assets

Up

$56,198

Up $65,651 (+694%) from 2016

Liabilities

Down

$341,500

Down $44,452 (-12%) from 2016

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin61st percentile

Revenue

Up

$566,868

Up $37,674 (+7.1%) from 2016

Expenses

Down

$501,213

Down $20,560 (-3.9%) from 2016

Net Income

Up

$65,655

Up $58,234 (+785%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth61st 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

2017

Assets$397,698
Liabilities$341,500
Net Assets$56,198
Open 2017 Filing

Operations Trend

Revenue Growth63rd 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

2017

Revenue$566,868
Expenses$501,213
Net Income$65,655
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 12, 2018
Return Version
2017v2.2
Gross Receipts
$566,868
Mission and Program Overview

Mission

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

The purpose of the association is for the maintenance and the preservation of the common areas and recreational services for the benefit of the community at large.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$331,452$369,490▲ $38,038
Accounts Receivable$8,899$19,335▲ $10,436
Prepaid Expenses and Deferred Charges$4,472$4,929▲ $457
Total Assets$376,499$397,698▲ $21,199
Other Assets Total$31,676$3,944▼ $27,732
Liabilities
Other Liabilities$193,203$191,577▼ $1,626
Mortgage Notes Payable Secured by Investment Property$147,795$115,061▼ $32,734
Accounts Payable and Accrued Expenses$44,954$34,862▼ $10,092
Total Liabilities$385,952$341,500▼ $44,452
Net Assets / Fund Balance
Unrestricted Net Assets$-33,749$41,950▲ $75,699
Temporarily Rstr Net Assets$24,296$14,248▼ $10,048
Total Net Assets Fund Balance$-9,453$56,198▲ $65,651
Total Liabilities and Net Assets / Fund Balance$376,499$397,698▲ $21,199

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$3,944--
Compensation and Service Providers
Top Officer Pay68th percentile

Board Members and Trustees

NameTitle
Robin CashmanPresident
John JordanDirector
Jeff MannTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$561,800
Program Service Revenue
$0
Investment Income
$415
Other Revenue
$4,653
Change in Net Assets
$65,655

Audited Revenue Reconciliation

Revenue per Audited Statements
$566,868
Total Revenue per Audited Statements
$566,868
Total Revenue per Form 990
$566,868
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$501,213
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
Insurance-$29,120-$29,120
Fees for Services Management-$20,400-$20,400
Interest-$8,738-$8,738
Other Expenses$421,696$7,535-$7,535
Office Expenses-$7,474-$7,474
Fees for Services Legal-$6,250-$6,250
Total Functional Expenses$421,696$79,517$0$501,213

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$501,213
Total Expenses per Audited Statements$501,213
Total Expenses per Form 990$501,213
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$177,673
Construction Deposits$8,650
Due to Operating Fund$3,944
Pool Deposits$1,310
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

“Each homeowners has one vote according to legal documents of the association.”

Member election for additional members Part VI line 7A

“Each homeowner has one vote to elect the members of the board which is derived from the population of homeowners in the association.”

Governing body decisions Part VI line 7B

“The board of directors make all of the governing decisions for the association”

Form 990 governing body review Part VI line 11

“The return is prepared and presented to the board prior to filing the return”

Conflict of interest policy compliance Part VI line 12C

“The board has a conflict of interest policy and all board members are required to disclose any type of conflict”

Governing documents etc available to public Part VI line 19

“All governing documents are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Grayson Lakes Homeowners Assn
EIN
30-0038082
Address
17171 PARK ROW STE 310, Houston, TX 77084

Signing Officer

Name
Robin Cashman
Title
President
Phone
2819454632
Signed
2018-10-12
Discuss with paid preparer
No

Organization Details

Formed
2001
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Elaine W Combs CPA
Address
P O BOX 148, Hungerford, TX 77448
Preparer
Elaine W Combs
Phone
2819705005
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

“The additional expenses are listed in the supplemental section of the return”

Raw XML Appendix309 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/ExplanationTxt0EACH HOMEOWNERS HAS ONE VOTE ACCORDING TO LEGAL DOCUMENTS OF THE ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH HOMEOWNER HAS ONE VOTE TO ELECT THE MEMBERS OF THE BOARD WHICH IS DERIVED FROM THE POPULATION OF HOMEOWNERS IN THE ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS MAKE ALL OF THE GOVERNING DECISIONS FOR THE ASSOCIATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE RETURN IS PREPARED AND PRESENTED TO THE BOARD PRIOR TO FILING THE RETURN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD HAS A CONFLICT OF INTEREST POLICY AND ALL BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY TYPE OF CONFLICT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ADDITIONAL EXPENSES ARE LISTED IN THE SUPPLEMENTAL SECTION OF THE RETURN
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02819454632
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-10-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GRAYSON LAKES HOMEOWNERS ASSN
ReturnHeader/Filer/BusinessNameControlTxt0GRAY
ReturnHeader/Filer/EIN0300038082
ReturnHeader/Filer/USAddress/AddressLine1Txt017171 PARK ROW STE 310
ReturnHeader/Filer/USAddress/CityNm0Houston
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077084
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ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02018-11-09
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0174.235.4.205
ReturnHeader/FilingSecurityInformation/IPDt02018-11-09
ReturnHeader/FilingSecurityInformation/IPTm012:23:13
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0760371271
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ELAINE W COMBS CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0P O BOX 148
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Hungerford
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077448
ReturnHeader/PreparerPersonGrp/PhoneNum02819705005
ReturnHeader/PreparerPersonGrp/PreparationDt02018-10-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ELAINE W COMBS
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-10-12T10:48:51-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$397,698
Liabilities
$341,500
Net assets
$56,198
Revenue
$566,868
Expenses
$501,213
Net income
$65,655
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