Civic Intelligence

Inwood North Homeowners Association

EIN 74-1823725 • 501(c)4 • Houston, TX

Profile

The association is responsible for maintaining the safety and welfare of the public and members of the community through the maintenance, management and improvements to the common and recreational areas.

8045B Antoine Dr 108Houston, TX 77088

n/A

Siviq Scores

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

Liabilities / Assets

28th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)4 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

30th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)4 • $1M-$5M nonprofits • Source year 2023

Net Margin

43rd percentile

4.4%

Higher net margin than 43% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

74th percentile

$33,213

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 5.3% of source-year revenue.

501(c)4 • $1M-$5M nonprofits • Source year 2023

Asset Growth

10th percentile

-19%

Faster asset growth than 10% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

20th percentile

-8.0%

Faster revenue growth than 20% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$2,052,753

Down $471,674 (-19%) from 2022

Liabilities

Down

$0

Down $9,236 (-100%) from 2022

Net Assets

Down

$2,052,753

Down $462,438 (-18%) from 2022

Revenue

Down

$631,420

Down $55,035 (-8.0%) from 2022

Expenses

Up

$603,350

Up $81,101 (+16%) from 2022

Net Income

Down

$28,070

Down $136,136 (-83%) from 2022

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2016: $1,594,974Liabilities 2016: $848,935Net Assets 2016: $746,0392016Assets 2017: $1,554,845Liabilities 2017: $9,093Net Assets 2017: $1,545,7522017Assets 2018: $1,744,956Liabilities 2018: $17,389Net Assets 2018: $1,727,5672018Assets 2019: $1,947,637Liabilities 2019: $9,093Net Assets 2019: $1,938,5442019Assets 2020: $2,262,944Liabilities 2020: $9,093Net Assets 2020: $2,253,8512020Assets 2021: $2,362,872Liabilities 2021: $9,093Net Assets 2021: $2,353,7792021Assets 2022: $2,524,427Liabilities 2022: $9,236Net Assets 2022: $2,515,1912022Assets 2023: $2,052,753Liabilities 2023: $0Net Assets 2023: $2,052,7532023

Highlighted filing

2023

Assets$2,052,753
Liabilities$0
Net Assets$2,052,753

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2016: $872,192Expenses 2016: $581,804Net Income 2016: $290,3882016Revenue 2017: $688,932Expenses 2017: $732,981Net Income 2017: -$44,0492017Revenue 2018: $757,603Expenses 2018: $566,160Net Income 2018: $191,4432018Revenue 2019: $806,642Expenses 2019: $619,200Net Income 2019: $187,4422019Revenue 2020: $802,797Expenses 2020: $493,071Net Income 2020: $309,7262020Revenue 2021: $684,469Expenses 2021: $562,584Net Income 2021: $121,8852021Revenue 2022: $686,455Expenses 2022: $522,249Net Income 2022: $164,2062022Revenue 2023: $631,420Expenses 2023: $603,350Net Income 2023: $28,0702023

Highlighted filing

2023

Revenue$631,420
Expenses$603,350
Net Income$28,070

Filings

Latest Detailed Filing

The latest 2023 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jul 11, 2022
Return Version
2021v4.0
Gross Receipts
$1,180,469
Mission and Program Overview

Mission

The association is responsible for maintaining the safety and welfare of the public and members of the community through the maintenance, management and improvements to the common and recreational areas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$2,253,851$2,353,779▲ $99,928
Savings and Temporary Cash Investments$1,125,658$1,806,377▲ $680,719
Cash and Non-Interest-Bearing Accounts$879,844$382,696▼ $497,148
Accounts Receivable$234,318$172,299▼ $62,019
Investments in Publicly Traded Securities$21,699$0▼ $21,699
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$2,262,944$2,362,872▲ $99,928
Other Assets Total$1,425$1,500▲ $75
Liabilities
Deferred Revenue$9,093$9,093→ $0
Total Liabilities$9,093$9,093→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,253,851$2,353,779▲ $99,928
Total Liabilities and Net Assets / Fund Balance$2,262,944$2,362,872▲ $99,928
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jenny FlippenPresident
Debra PottsVice President
James SchultzVice President
Kumar BhattacharjeeSecretary
Jk WorahTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$568,910
Investment Income
$14,615
Other Revenue
$100,944
Change in Net Assets
$121,885
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$562,584
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
Fees for Services Legal-$97,065-$97,065
Other Expenses$54,592--$54,592
All Other Expenses$26,132$17,686-$43,818
Insurance$33,516--$33,516
Office Expenses-$21,076-$21,076
Fees for Services Accounting-$14,275-$14,275
Total Functional Expenses$412,482$150,102$0$562,584
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

Management company provides daily oversight and accounting services at the direction of the board

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

Every property owner is a member

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

A volunteer board of directors is elected by the owner/members.

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

BY BY LAW REVISIONS

Form 990, Part VI, Line 11B: Form 990 Review Process

No review was or will be conducted.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The association legal documents are provided to each owner at purchase and upon request to the management company

Filing and Contact Details

Filer

Filer Name
Inwood North Homeowners Association
EIN
74-1823725
Phone
2814476778
Address
8045B ANTOINE DR 108, HOUSTON, TX 77088

Signing Officer

Name
Jenny Flippen
Title
President
Signed
2022-07-11
Discuss with paid preparer
Yes

Organization Details

Formed
1975
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
0
Employees
0

Preparer

Firm
Joseph H Stoller CPA LLC
Address
9660 Hillcroft 520, Houston, TX 77096
Preparer
Joseph Stoller
Phone
7137289700
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

Prior period adjustment = -$21957

Raw XML Appendix349 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/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT COMPANY PROVIDES DAILY OVERSIGHT AND ACCOUNTING SERVICES AT THE DIRECTION OF THE BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EVERY PROPERTY OWNER IS A MEMBER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A VOLUNTEER BOARD OF DIRECTORS IS ELECTED BY THE OWNER/MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BY BY LAW REVISIONS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ASSOCIATION LEGAL DOCUMENTS ARE PROVIDED TO EACH OWNER AT PURCHASE AND UPON REQUEST TO THE MANAGEMENT COMPANY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PRIOR PERIOD ADJUSTMENT = -$21957
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Changes In Net Assets Or Fund Balances - Other Decreases
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IRS990/TotalProgramServiceExpensesAmt0412482
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JENNY FLIPPEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-07-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INWOOD NORTH HOMEOWNERS ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0INWO
ReturnHeader/Filer/EIN0741823725
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0274563358
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Joseph H Stoller CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09660 Hillcroft 520
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Houston
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077096
ReturnHeader/PreparerPersonGrp/PhoneNum07137289700
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOSEPH STOLLER
ReturnHeader/ReturnTs02022-07-11T13:42:41-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JENNY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0FLIPPEN
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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