Civic Intelligence

Wedgewood Falls Homeowners Association Inc

EIN 46-4108766 • 501(c)4 • Cypress, TX

Profile

Welfare of the community at large

12603 Louetta Rd Ste 101Cypress, TX 77429
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

85th percentile

0.23x

Higher debt load relative to assets than 85% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

88th percentile

0.33x

Higher debt load relative to revenue than 88% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2024

Net Margin

79th percentile

22%

Higher net margin than 79% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2024

Top Officer Pay

89th percentile

$0

Higher top officer pay than 89% of similar nonprofits.

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

501(c)4 • <$500k nonprofits • Source year 2024

Asset Growth

83rd percentile

22%

Faster asset growth than 83% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

59th percentile

4.0%

Faster revenue growth than 59% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$213,779

Up $38,040 (+22%) from 2023

Liabilities

Up

$48,632

Up $1,319 (+2.8%) from 2023

Net Assets

Up

$165,147

Up $36,721 (+29%) from 2023

Operations
Liabilities / Revenue88th percentileNet Margin79th percentile

Revenue

Up

$145,740

Up $5,554 (+4.0%) from 2023

Expenses

Down

$112,963

Down $4,746 (-4.0%) from 2023

Net Income

Up

$32,777

Up $10,300 (+46%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth83rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2015: $4,619Liabilities 2015: $5,5762015Assets 2016: $10,070Liabilities 2016: $9,3512016Assets 2018: $45,098Liabilities 2018: $30,8722018Assets 2019: $72,628Liabilities 2019: $38,1212019Assets 2020: $115,059Liabilities 2020: $49,528Net Assets 2020: $65,5312020Assets 2021: $142,806Liabilities 2021: $48,073Net Assets 2021: $94,7332021Assets 2022: $158,603Liabilities 2022: $52,654Net Assets 2022: $105,9492022Assets 2023: $175,739Liabilities 2023: $47,313Net Assets 2023: $128,4262023Assets 2024: $213,779Liabilities 2024: $48,632Net Assets 2024: $165,1472024

Highlighted filing

2024

Assets$213,779
Liabilities$48,632
Net Assets$165,147
Open 2024 Filing

Operations Trend

Revenue Growth59th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$150K$100K$50K$0-$50KRevenue 2015: $55,574Expenses 2015: $77,325Net Income 2015: -$21,7512015Revenue 2016: $84,032Expenses 2016: $82,356Net Income 2016: $1,6762016Revenue 2018: $105,636Expenses 2018: $97,613Net Income 2018: $8,0232018Revenue 2019: $121,594Expenses 2019: $101,313Net Income 2019: $20,2812019Revenue 2020: $141,482Expenses 2020: $110,459Net Income 2020: $31,0232020Revenue 2021: $158,411Expenses 2021: $129,209Net Income 2021: $29,2022021Revenue 2022: $144,581Expenses 2022: $133,365Net Income 2022: $11,2162022Revenue 2023: $140,186Expenses 2023: $117,709Net Income 2023: $22,4772023Revenue 2024: $145,740Expenses 2024: $112,963Net Income 2024: $32,7772024

Highlighted filing

2024

Revenue$145,740
Expenses$112,963
Net Income$32,777
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$213,779
Liabilities
$48,632
Net assets
$165,147
Revenue
$145,740
Expenses
$112,963
Net income
$32,777
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.14$0.49$1.65$1.46$1.13$0.33
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.76$0.47$1.28$1.40$1.18$0.22
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.59$0.53$1.06$1.45$1.33$0.11
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.43$0.48$0.95$1.58$1.29$0.29
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.15$0.50$0.66$1.41$1.10$0.31
2019Summary only. Only limited summary data is available for this year.$0.73$0.38$1.22$1.01$0.20
2018Summary only. Only limited summary data is available for this year.$0.45$0.31$1.06$0.98$0.08
2016Summary only. Only limited summary data is available for this year.$0.10$0.09$0.84$0.82$0.02
2015Summary only. Only limited summary data is available for this year.$0.05$0.06$0.56$0.77$0.22
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Feb 18, 2025
Return Version
2024v5.2
Gross Receipts
$145,740
Mission and Program Overview

Mission

Welfare of the community at large

Program Services

DescriptionGrantsExpenses
THE ASSOCIATION PROVIDES SERVICES TO THE COMMUNITY AT LARGE MUCH LIKE A CITYLIKE GOVERNMENTAL UNIT-$87,709
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
REY BORREGOPresident-$0--
CASTLE TOWERYSecretary Treasurer-$0--
Filing and Contact Details

Filer

Filer Name
Wedgewood Falls Homeowners Association Inc
EIN
46-4108766
In Care Of
% REY BORREGO
Phone
2812512292
Address
12603 LOUETTA RD STE 101, Cypress, TX 77429

Signing Officer

Name
Rey Borrego
Title
President
Phone
2812512292
Signed
2025-02-18
Discuss with paid preparer
No

Preparer

Firm
Elaine W Combs CPA
Address
P O BOX 148, Hungerford, TX 77448
Preparer
Elaine Combs
Phone
2814136593
Supplemental Narrative

Additional Explanations

Description of other revenue Part I line 8

“Description AmountCAP FEES 4,400COLLECTION FEES 5,067LEGAL FEES RECOVERED 1,435RETURNED CHECK 60DEFICIT FUNDING (3,334)FINES 45INTEREST ON ACCOUNT BALANCES 728”

Description of other expenses Part I line 16

“Description AmountINSURANCE 4,089PROPERTY TAXES 104”

Other changes in net assets or fund balances Part I line 20

“Description AmountPRIOR PERIOD ADJUSTMENT 3,944”

Description of total liabilities Part II line 26

“Category Beginning of Year End of YearPREPAID ASSESSMENTS 47,313 48,632”

Raw XML Appendix109 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0ACMI
IRS990EZ/BooksInCareOfDetail/PhoneNum02812512292
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt012603 LOUETTA RD STE 101
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Cypress
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd077429
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0175739
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0213779
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt032777
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt080920
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0175739
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0213779
IRS990EZ/GrossReceiptsAmt0145740
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt0333
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt0137006
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0128426
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0165147
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0128426
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0165147
IRS990EZ/OccupancyRentUtltsAndMaintAmt027319
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt03.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt13.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0REY BORREGO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1CASTLE TOWERY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SECRETARY TREASURER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt03944
IRS990EZ/OtherExpensesTotalAmt04193
IRS990EZ/OtherRevenueTotalAmt08401
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0WELFARE OF THE COMMUNITY AT LARGE
IRS990EZ/PrintingPublicationsPostageAmt0531
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE ASSOCIATION PROVIDES SERVICES TO THE COMMUNITY AT LARGE MUCH LIKE A CITYLIKE GOVERNMENTAL UNIT
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt087709
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt047313
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt048632
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0112963
IRS990EZ/TotalProgramServiceExpensesAmt087709
IRS990EZ/TotalRevenueAmt0145740
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description AmountCAP FEES 4,400COLLECTION FEES 5,067LEGAL FEES RECOVERED 1,435RETURNED CHECK 60DEFICIT FUNDING (3,334)FINES 45INTEREST ON ACCOUNT BALANCES 728
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description AmountINSURANCE 4,089PROPERTY TAXES 104
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description AmountPRIOR PERIOD ADJUSTMENT 3,944
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Category Beginning of Year End of YearPREPAID ASSESSMENTS 47,313 48,632
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other revenue Part I line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other changes in net assets or fund balances Part I line 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Description of total liabilities Part II line 26
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0REY BORREGO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02812512292
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WEDGEWOOD FALLS HOMEOWNERS ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0WEDG
ReturnHeader/Filer/EIN0464108766
ReturnHeader/Filer/InCareOfNm0% REY BORREGO
ReturnHeader/Filer/PhoneNum02812512292
ReturnHeader/Filer/USAddress/AddressLine1Txt012603 LOUETTA RD STE 101
ReturnHeader/Filer/USAddress/CityNm0Cypress
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077429
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
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/PhoneNum02814136593
ReturnHeader/PreparerPersonGrp/PreparationDt02025-08-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ELAINE COMBS
ReturnHeader/ReturnTs02025-08-19T09:53:49-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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