Civic Intelligence

Lakeside Improvement Association

990 • Fiscal year 2015 • EIN 74-1673136

Oct 01, 2014 to Sep 30, 2015 • Filed on Jan 28, 2016

PO Box 42155Houston, TX 77242

(713) 977-2812

Siviq Scores

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

Liabilities / Assets

65th percentile

0.01x

Higher debt load relative to assets than 65% of similar nonprofits.

2015 filings • 501(c)4 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

66th percentile

0.02x

Higher debt load relative to revenue than 66% of similar nonprofits.

2015 filings • 501(c)4 • <$500k nonprofits • Source year 2015

Net Margin

44th percentile

0.9%

Higher net margin than 44% of similar nonprofits.

2015 filings • 501(c)4 • <$500k nonprofits • Source year 2015

Top Officer Pay

85th percentile

$0

Higher top officer pay than 85% of similar nonprofits.

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

2015 filings • 501(c)4 • <$500k nonprofits • Source year 2015

Asset Growth

51st percentile

1.5%

Faster asset growth than 51% of similar nonprofits.

2015 filings • 501(c)4 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

57th percentile

3.0%

Faster revenue growth than 57% of similar nonprofits.

2015 filings • 501(c)4 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$487,051

Up $6,972 (+1.5%) from 2014

Net Assets

Up

$479,820

Up $3,645 (+0.8%) from 2014

Liabilities

Up

$7,231

Up $3,327 (+85%) from 2014

Revenue

Up

$413,035

Up $11,993 (+3.0%) from 2014

Expenses

Up

$409,390

Up $24,865 (+6.5%) from 2014

Net Income

Down

$3,645

Down $12,872 (-78%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2011: $401,008Liabilities 2011: $4,383Net Assets 2011: $396,6252011Assets 2012: $418,374Liabilities 2012: $3,956Net Assets 2012: $414,4182012Assets 2013: $446,861Liabilities 2013: $3,457Net Assets 2013: $443,4042013Assets 2014: $480,079Liabilities 2014: $3,904Net Assets 2014: $476,1752014Assets 2015: $487,051Liabilities 2015: $7,231Net Assets 2015: $479,8202015Assets 2016: $516,466Liabilities 2016: $15,631Net Assets 2016: $500,8352016Assets 2017: $528,580Liabilities 2017: $22,021Net Assets 2017: $506,5592017Assets 2018: $564,328Liabilities 2018: $26,706Net Assets 2018: $537,6222018Assets 2019: $579,749Liabilities 2019: $13,767Net Assets 2019: $565,9822019Assets 2020: $616,958Liabilities 2020: $14,721Net Assets 2020: $602,2372020Assets 2021: $646,431Liabilities 2021: $15,767Net Assets 2021: $630,6642021Assets 2022: $655,712Liabilities 2022: $17,808Net Assets 2022: $637,9042022Assets 2023: $670,284Liabilities 2023: $31,810Net Assets 2023: $638,4742023Assets 2025: $821,140Liabilities 2025: $28,820Net Assets 2025: $792,3202025

Highlighted filing

2015

Assets$487,051
Liabilities$7,231
Net Assets$479,820

Operations Trend

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

$600K$400K$200K$0Revenue 2011: $392,932Expenses 2011: $362,811Net Income 2011: $30,1212011Expenses 2012: $370,1332012Expenses 2013: $369,9532013Revenue 2014: $401,042Expenses 2014: $384,525Net Income 2014: $16,5172014Revenue 2015: $413,035Expenses 2015: $409,390Net Income 2015: $3,6452015Revenue 2016: $421,649Expenses 2016: $400,634Net Income 2016: $21,0152016Revenue 2017: $426,539Expenses 2017: $420,815Net Income 2017: $5,7242017Revenue 2018: $450,309Expenses 2018: $419,246Net Income 2018: $31,0632018Revenue 2019: $451,665Expenses 2019: $423,305Net Income 2019: $28,3602019Revenue 2020: $451,227Expenses 2020: $414,972Net Income 2020: $36,2552020Revenue 2021: $464,692Expenses 2021: $436,265Net Income 2021: $28,4272021Revenue 2022: $480,988Expenses 2022: $473,748Net Income 2022: $7,2402022Revenue 2023: $511,416Expenses 2023: $510,846Net Income 2023: $5702023Revenue 2025: $584,947Expenses 2025: $482,198Net Income 2025: $102,7492025

Highlighted filing

2015

Revenue$413,035
Expenses$409,390
Net Income$3,645
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Jan 28, 2016
Return Version
2014v6.0
Gross Receipts
$413,035
Mission and Program Overview

Mission

The association provides maintenance, security, and recreational facilities for the owners of residential buiilding lots.

The association assesses and collects an annual maintenance charge from the owners of residential building lots in the lakeside estate and lakeside forest subdivisions. The association uses the maintenance fees collected to provide for the gerneral benefit of all lot owners.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$338,799$350,009▲ $11,210
Land, Buildings, and Equipment, Net$102,480$101,672▼ $808
Cash and Non-Interest-Bearing Accounts$17,078$13,345▼ $3,733
Accounts Receivable$13,565$12,884▼ $681
Prepaid Expenses and Deferred Charges$8,157$9,141▲ $984
Total Assets$480,079$487,051▲ $6,972
Liabilities
Accounts Payable and Accrued Expenses$3,904$7,231▲ $3,327
Total Liabilities$3,904$7,231▲ $3,327
Net Assets / Fund Balance
Unrestricted Net Assets$286,913$281,574▼ $5,339
Temporarily Rstr Net Assets$189,262$198,246▲ $8,984
Total Net Assets Fund Balance$476,175$479,820▲ $3,645
Total Liabilities and Net Assets / Fund Balance$480,079$487,051▲ $6,972

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$49,869$179,219$229,088
Leasehold Improvements$24,125$46,917$71,042
Land$27,678-$27,678
Compensation and Service Providers

Board Members and Trustees

NameTitle
Michael HuffmasterPresident
Brooks DavisVice-president
Buddy GranthamDirector
Debbie TimmermanDirector
Michael SpaldingDirector
Palmer MeltonDirector
Todd EckhartDirector
Mark HaySecretary
Robbie PerryTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$399,273
Investment Income
$754
Other Revenue
$13,008
Change in Net Assets
$3,645

Audited Revenue Reconciliation

Revenue per Audited Statements
$413,035
Total Revenue per Audited Statements
$413,035
Total Revenue per Form 990
$413,035
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$409,390
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-$16,969-$16,969
Depreciation Depletion-$12,702-$12,702
Fees for Services Legal-$7,807-$7,807
Fees for Services Accounting-$6,181-$6,181
Office Expenses-$3,916-$3,916
Fees for Services Other-$3,778-$3,778
Other Expenses$326,614$48-$48
Total Functional Expenses$357,989$51,401$0$409,390

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$409,390
Total Expenses per Audited Statements$409,390
Total Expenses per Form 990$409,390
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
No
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
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The return is provided to the president and treasurer of the organization for review. After review, permission is given to the paid preparer to e-file the return. The return is then provided to all board members for their review and approval at a regularly scheduled board meeting.

Filing and Contact Details

Filer

Filer Name
Lakeside Improvement Association
EIN
74-1673136
Phone
7139772812
Address
PO BOX 42155, HOUSTON, TX 77242
Doing Business As
Hoa

Signing Officer

Name
Roberta Perry
Title
Treasurer
Signed
2016-01-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Roberta Perry
Formed
1969
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
0
Employees
0

Preparer

Firm
Breedlove & Co PC
Address
17014 Seven Pines Drive, Spring, TX 77379
Preparer
Richard W Breedlove CPA CGMA
Phone
2813791065
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

Program Service Expenses 0, Grants and allocations 0, Revenue 0 MOSQUITO CONTROL FOR COMMON AREAS

Form 990, Part III, Line 4D

Program Service Expenses 0, Grants and allocations 0, Revenue 0 PARK AREA EXPENSES

Form 990, Part III, Line 4D

Program Service Expenses 0, Grants and allocations 0, Revenue 0 SALES TAX RECOVERY

Form 990, Part III, Line 4D

Program Service Expenses 0, Grants and allocations 0, Revenue 0 BAD DEBT EXPENSE

Form 990, Part III, Line 4D

Program Service Expenses 0, Grants and allocations 0, Revenue 0 MANAGEMENT AND BOOKKEEPING EXPENSE

Form 990, Part III, Line 4D

Program Service Expenses 0, Grants and allocations 0, Revenue 0 PROPERTY TAXES EXPENSE

Form 990, Part III, Line 4D

Program Service Expenses 0, Grants and allocations 0, Revenue 0 MISCELLANEOUS EXPENSES

Raw XML Appendix387 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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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0413035
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0338799
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0350009
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0true
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt049869
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0179219
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0229088
IRS990ScheduleD/ExpensesSubtotalAmt0409390
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt027678
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt027678
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt024125
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt046917
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt071042
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt0413035
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0101672
IRS990ScheduleD/TotalExpensesPerForm990Amt0409390
IRS990ScheduleD/TotalRevenuePerForm990Amt0413035
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0413035
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0409390
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Program Service Expenses 0, Grants and allocations 0, Revenue 0 MOSQUITO CONTROL FOR COMMON AREAS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Program Service Expenses 0, Grants and allocations 0, Revenue 0 PARK AREA EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Program Service Expenses 0, Grants and allocations 0, Revenue 0 SALES TAX RECOVERY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Program Service Expenses 0, Grants and allocations 0, Revenue 0 BAD DEBT EXPENSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Program Service Expenses 0, Grants and allocations 0, Revenue 0 MANAGEMENT AND BOOKKEEPING EXPENSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Program Service Expenses 0, Grants and allocations 0, Revenue 0 PROPERTY TAXES EXPENSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Program Service Expenses 0, Grants and allocations 0, Revenue 0 MISCELLANEOUS EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE RETURN IS PROVIDED TO THE PRESIDENT AND TREASURER OF THE ORGANIZATION FOR REVIEW. AFTER REVIEW, PERMISSION IS GIVEN TO THE PAID PREPARER TO E-FILE THE RETURN. THE RETURN IS THEN PROVIDED TO ALL BOARD MEMBERS FOR THEIR REVIEW AND APPROVAL AT A REGULARLY SCHEDULED BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Section B, Line 11b
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0189262
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0198246
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0480079
IRS990/TotalAssetsEOYAmt0487051
IRS990/TotalAssetsGrp/BOYAmt0480079
IRS990/TotalAssetsGrp/EOYAmt0487051
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt051401
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0357989
IRS990/TotalFunctionalExpensesGrp/TotalAmt0409390
IRS990/TotalGrossUBIAmt01800
IRS990/TotalLiabilitiesBOYAmt03904
IRS990/TotalLiabilitiesEOYAmt07231
IRS990/TotalLiabilitiesGrp/BOYAmt03904
IRS990/TotalLiabilitiesGrp/EOYAmt07231
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0476175
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0479820
IRS990/TotalProgramServiceExpensesAmt0357989
IRS990/TotalProgramServiceRevenueAmt0399273
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0411235
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0413035
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt01800
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0480079
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0487051
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0286913
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0281574
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 42155
IRS990/USAddress/CityNm0Houston
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077242
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0www.lakeside-improvement.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERTA PERRY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-01-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAKESIDE IMPROVEMENT ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0LAKE
ReturnHeader/Filer/EIN0741673136
ReturnHeader/Filer/PhoneNum07139772812
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 42155
ReturnHeader/Filer/USAddress/CityNm0HOUSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077242
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Breedlove & Co PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt017014 Seven Pines Drive
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Spring
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077379
ReturnHeader/PreparerPersonGrp/PhoneNum02813791065
ReturnHeader/PreparerPersonGrp/PreparationDt02016-01-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Richard W Breedlove CPA CGMA
ReturnHeader/ReturnTs02016-01-28T01:19:16-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-10-01
ReturnHeader/TaxPeriodEndDt02015-09-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.21$0.29$7.92$5.85$4.82$1.03
2023Summary only. Only limited summary data is available for this year.$6.70$0.32$6.38$5.11$5.11$0.01
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.56$0.18$6.38$4.81$4.74$0.07
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.46$0.16$6.31$4.65$4.36$0.28
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.17$0.15$6.02$4.51$4.15$0.36
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.80$0.14$5.66$4.52$4.23$0.28
2018Summary only. Only limited summary data is available for this year.$5.64$0.27$5.38$4.50$4.19$0.31
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.29$0.22$5.07$4.27$4.21$0.06
2016Detailed filing. Detailed filing data is available for this year.$5.16$0.16$5.01$4.22$4.01$0.21
2015Detailed filing. Detailed filing data is available for this year.$4.87$0.07$4.80$4.13$4.09$0.04
2014Detailed filing. Detailed filing data is available for this year.$4.80$0.04$4.76$4.01$3.85$0.17
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.47$0.03$4.43$3.70
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.18$0.04$4.14$3.70
2011Summary only. Only limited summary data is available for this year.$4.01$0.04$3.97$3.93$3.63$0.30