Civic Intelligence

Quail Valley Fund Inc

990 • Fiscal year 2022 • EIN 74-1707673

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 31, 2023

Organization ProfileWWW.QUAILVALLEYFUND.ORG
3603 Glenn Lakes LaneMissouri City, TX 77459

(281) 499-8371

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.22x

Higher debt load relative to assets than 72% of similar nonprofits.

2022 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

72nd percentile

0.40x

Higher debt load relative to revenue than 72% of similar nonprofits.

2022 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2022

Net Margin

53rd percentile

9.4%

Higher net margin than 53% of similar nonprofits.

2022 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

61st percentile

$0

Higher top officer pay than 61% of similar nonprofits.

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

2022 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2022

Asset Growth

66th percentile

6.3%

Faster asset growth than 66% of similar nonprofits.

2022 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

37th percentile

-1.2%

Faster revenue growth than 37% of similar nonprofits.

2022 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Up

$2,551,402

Up $151,578 (+6.3%) from 2021

Net Assets

Up

$1,978,743

Up $135,531 (+7.4%) from 2021

Liabilities

Up

$572,659

Up $16,047 (+2.9%) from 2021

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin53rd percentile

Revenue

Down

$1,447,226

Down $17,770 (-1.2%) from 2021

Expenses

Down

$1,311,695

Down $210,471 (-14%) from 2021

Net Income

Up

$135,531

Up $192,701 (+337%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth66th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $3,885,935Liabilities 2011: $1,775,022Net Assets 2011: $2,110,9132011Assets 2012: $3,989,173Liabilities 2012: $1,737,121Net Assets 2012: $2,252,0522012Assets 2013: $4,012,208Liabilities 2013: $1,693,465Net Assets 2013: $2,318,7432013Assets 2014: $2,002,777Liabilities 2014: $909,768Net Assets 2014: $1,093,0092014Assets 2015: $3,100,199Liabilities 2015: $930,631Net Assets 2015: $2,169,5682015Assets 2016: $2,755,815Liabilities 2016: $835,756Net Assets 2016: $1,920,0592016Assets 2017: $2,695,839Liabilities 2017: $756,882Net Assets 2017: $1,938,9572017Assets 2018: $2,730,753Liabilities 2018: $832,521Net Assets 2018: $1,898,2322018Assets 2019: $2,574,086Liabilities 2019: $820,544Net Assets 2019: $1,753,5422019Assets 2020: $2,428,680Liabilities 2020: $528,298Net Assets 2020: $1,900,3822020Assets 2021: $2,399,824Liabilities 2021: $556,612Net Assets 2021: $1,843,2122021Assets 2022: $2,551,402Liabilities 2022: $572,659Net Assets 2022: $1,978,7432022Assets 2023: $2,701,668Liabilities 2023: $588,206Net Assets 2023: $2,113,4622023Assets 2024: $2,859,050Liabilities 2024: $602,436Net Assets 2024: $2,256,6142024

Highlighted filing

2022

Assets$2,551,402
Liabilities$572,659
Net Assets$1,978,743
Open 2022 Filing

Operations Trend

Revenue Growth37th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2011: $1,104,6882011Expenses 2012: $1,190,0902012Revenue 2013: $1,296,893Expenses 2013: $1,206,596Net Income 2013: $90,2972013Revenue 2014: $1,330,218Expenses 2014: $1,347,556Net Income 2014: -$17,3382014Revenue 2015: $1,482,180Expenses 2015: $1,231,420Net Income 2015: $250,7602015Revenue 2016: $1,475,885Expenses 2016: $1,725,394Net Income 2016: -$249,5092016Revenue 2017: $1,421,659Expenses 2017: $1,402,761Net Income 2017: $18,8982017Revenue 2018: $1,474,530Expenses 2018: $1,515,255Net Income 2018: -$40,7252018Revenue 2019: $1,427,657Expenses 2019: $1,572,347Net Income 2019: -$144,6902019Revenue 2020: $1,513,899Expenses 2020: $1,367,059Net Income 2020: $146,8402020Revenue 2021: $1,464,996Expenses 2021: $1,522,166Net Income 2021: -$57,1702021Revenue 2022: $1,447,226Expenses 2022: $1,311,695Net Income 2022: $135,5312022Revenue 2023: $1,533,434Expenses 2023: $1,398,715Net Income 2023: $134,7192023Revenue 2024: $1,698,083Expenses 2024: $1,554,931Net Income 2024: $143,1522024

Highlighted filing

2022

Revenue$1,447,226
Expenses$1,311,695
Net Income$135,531
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 31, 2023
Return Version
2022v5.0
Gross Receipts
$1,447,226
Mission and Program Overview

Mission

Provide maintenance and garbage collection services for property owners of 15 subdivisions

Maintain the community of quail valley

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,843,212$1,978,743▲ $135,531
Cash and Non-Interest-Bearing Accounts$507,487$1,102,450▲ $594,963
Land, Buildings, and Equipment, Net$713,614$697,428▼ $16,186
Savings and Temporary Cash Investments$989,900$595,000▼ $394,900
Accounts Receivable$188,823$156,524▼ $32,299
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$2,399,824$2,551,402▲ $151,578
Liabilities
Deferred Revenue$489,856$459,738▼ $30,118
Accounts Payable and Accrued Expenses$66,756$112,010▲ $45,254
Other Liabilities$0$911▲ $911
Total Liabilities$556,612$572,659▲ $16,047
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,843,212$1,978,743▲ $135,531
Total Liabilities and Net Assets / Fund Balance$2,399,824$2,551,402▲ $151,578

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$457,118$174,120$631,238
Land$240,310-$240,310
Other Land Buildings$0$68,777$68,777
Compensation and Service Providers
Top Officer Pay61st percentile

Board Members and Trustees

NameTitle
Kent ButlerPresident
Roderick LeeVice-president
Allen OwenTrustee
Jennifer ObiTrustee
Mel MamulaTrustee
Barbara ThompsonSecretary
Max MontegutTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,414,690
Investment Income
$32,536
Other Revenue
$0
Change in Net Assets
$135,531
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,217,885
Salaries, Compensation, and Employee Benefits$93,810
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$110,900-$110,900
All Other Expenses$109,180--$109,180
Other Salaries and Wages$93,810--$93,810
Fees for Services Legal-$64,900-$64,900
Office Expenses-$55,277-$55,277
Other Expenses$52,276--$52,276
Insurance$43,452--$43,452
Depreciation Depletion$16,186--$16,186
Fees for Services Accounting-$1,030-$1,030
Total Functional Expenses$1,079,588$232,107$0$1,311,695
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
Deferred Maintenance Fees$911
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The fund has contracted with crest management company as its management company for its ongoing operations and accounting and has no employees of its own.”

Form 990, Part VI, Section A, Line 6

“The organization's board of directors are all members who make governance decisions on behalf of the organization.”

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

“The form 990 is initially reviewed by the president and final review is by the board of directors.”

Form 990, Part VI, Section C, Line 19

“Governing documents, policies and financial statements are all available for public inspection upon request. Deed restrictions by subdivision are available on the organization's website.”

Filing and Contact Details

Filer

Filer Name
Quail Valley Fund Inc
EIN
74-1707673
Phone
2814998371
Address
3603 GLENN LAKES LANE, MISSOURI CITY, TX 77459

Signing Officer

Name
Kent Butler
Title
President
Phone
2814998371
Signed
2023-10-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kent Butler
Formed
1969
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Robert J Fumagalli Pc
Address
9977 W SAM HOUSTON PKWY N 150, HOUSTON, TX 77064
Preparer
Robert J Fumagalli CPA
Phone
2814298800
Raw XML Appendix347 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 FUND HAS CONTRACTED WITH CREST MANAGEMENT COMPANY AS ITS MANAGEMENT COMPANY FOR ITS ONGOING OPERATIONS AND ACCOUNTING AND HAS NO EMPLOYEES OF ITS OWN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S BOARD OF DIRECTORS ARE ALL MEMBERS WHO MAKE GOVERNANCE DECISIONS ON BEHALF OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS INITIALLY REVIEWED BY THE PRESIDENT AND FINAL REVIEW IS BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE ALL AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. DEED RESTRICTIONS BY SUBDIVISION ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE.
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 B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02399824
IRS990/TotalAssetsEOYAmt02551402
IRS990/TotalAssetsGrp/BOYAmt02399824
IRS990/TotalAssetsGrp/EOYAmt02551402
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0232107
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01079588
IRS990/TotalFunctionalExpensesGrp/TotalAmt01311695
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0556612
IRS990/TotalLiabilitiesEOYAmt0572659
IRS990/TotalLiabilitiesGrp/BOYAmt0556612
IRS990/TotalLiabilitiesGrp/EOYAmt0572659
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01843212
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01978743
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01079588
IRS990/TotalProgramServiceRevenueAmt01414690
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01447226
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01447226
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02399824
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02551402
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03603 GLENN LAKES LANE
IRS990/USAddress/CityNm0MISSOURI CITY
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077459
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.QUAILVALLEYFUND.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KENT BUTLER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02814998371
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0QUAIL VALLEY FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0QUAI
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ReturnHeader/Filer/PhoneNum02814998371
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ReturnHeader/Filer/USAddress/CityNm0MISSOURI CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077459
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0760441373
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ROBERT J FUMAGALLI PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09977 W SAM HOUSTON PKWY N 150
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HOUSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077064
ReturnHeader/PreparerPersonGrp/PhoneNum02814298800
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT J FUMAGALLI CPA
ReturnHeader/ReturnTs02023-11-03T09:22:08-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KENT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BUTLER
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,551,402
Liabilities
$572,659
Net assets
$1,978,743
Revenue
$1,447,226
Expenses
$1,311,695
Net income
$135,531
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.86$0.60$2.26$1.70$1.55$0.14
2023Detailed filing. Detailed filing data is available for this year.$2.70$0.59$2.11$1.53$1.40$0.13
2022Detailed filing. Detailed filing data is available for this year.$2.55$0.57$1.98$1.45$1.31$0.14
2021Detailed filing. Detailed filing data is available for this year.$2.40$0.56$1.84$1.46$1.52$0.06
2020Detailed filing. Detailed filing data is available for this year.$2.43$0.53$1.90$1.51$1.37$0.15
2019Detailed filing. Detailed filing data is available for this year.$2.57$0.82$1.75$1.43$1.57$0.14
2018Detailed filing. Detailed filing data is available for this year.$2.73$0.83$1.90$1.47$1.52$0.04
2017Detailed filing. Detailed filing data is available for this year.$2.70$0.76$1.94$1.42$1.40$0.02
2016Detailed filing. Detailed filing data is available for this year.$2.76$0.84$1.92$1.48$1.73$0.25
2015Detailed filing. Detailed filing data is available for this year.$3.10$0.93$2.17$1.48$1.23$0.25
2014Detailed filing. Detailed filing data is available for this year.$2.00$0.91$1.09$1.33$1.35$0.02
2013Detailed filing. Detailed filing data is available for this year.$4.01$1.69$2.32$1.30$1.21$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.99$1.74$2.25$1.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.89$1.78$2.11$1.10