Civic Intelligence

Padre Isles Property Owners Association

EIN 74-1937330 • 501(c)4 • Corpus Christi, TX

Profile

The Association is organized to provide the common area maintenance and to promote the social welfare for the residents of the subdivisions located in Padre Island, Corpus Christi, Texas.

14015 Fortuna Bay DriveCorpus Christi, TX 78418

www.padreislespoa.net

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.00x

Higher debt load relative to assets than 22% of similar nonprofits.

501(c)4 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

28th percentile

0.02x

Higher debt load relative to revenue than 28% of similar nonprofits.

501(c)4 • $10M-$25M nonprofits • Source year 2024

Net Margin

75th percentile

34%

Higher net margin than 75% of similar nonprofits.

501(c)4 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

501(c)4 • $10M-$25M nonprofits • Source year 2024

Asset Growth

58th percentile

7.6%

Faster asset growth than 58% of similar nonprofits.

501(c)4 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

55th percentile

11%

Faster revenue growth than 55% of similar nonprofits.

501(c)4 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Up

$14,662,879

Up $1,029,488 (+7.6%) from 2023

Liabilities

Down

$65,024

Down $68,526 (-51%) from 2023

Net Assets

Up

$14,597,855

Up $1,098,014 (+8.1%) from 2023

Operations
Liabilities / Revenue28th percentileNet Margin75th percentile

Revenue

Up

$2,812,972

Up $285,351 (+11%) from 2023

Expenses

Down

$1,858,318

Down $118,440 (-6.0%) from 2023

Net Income

Up

$954,654

Up $403,791 (+73%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth58th percentile

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

$15M$10M$5.0M$0Assets 2011: $6,141,256Liabilities 2011: $36,536Net Assets 2011: $6,104,7202011Assets 2012: $7,001,977Liabilities 2012: $75,778Net Assets 2012: $6,926,1992012Assets 2013: $7,484,190Liabilities 2013: $67,573Net Assets 2013: $7,416,6172013Assets 2014: $8,304,085Liabilities 2014: $81,696Net Assets 2014: $8,222,3892014Assets 2015: $8,616,134Liabilities 2015: $104,137Net Assets 2015: $8,511,9972015Assets 2016: $9,209,255Liabilities 2016: $89,665Net Assets 2016: $9,119,5902016Assets 2017: $9,487,758Liabilities 2017: $220,795Net Assets 2017: $9,266,9632017Assets 2018: $9,771,988Liabilities 2018: $93,052Net Assets 2018: $9,678,9362018Assets 2019: $10,710,521Liabilities 2019: $152,220Net Assets 2019: $10,558,3012019Assets 2020: $12,122,109Liabilities 2020: $76,252Net Assets 2020: $12,045,8572020Assets 2021: $13,061,456Liabilities 2021: $209,371Net Assets 2021: $12,852,0852021Assets 2022: $12,626,423Liabilities 2022: $95,938Net Assets 2022: $12,530,4852022Assets 2023: $13,633,391Liabilities 2023: $133,550Net Assets 2023: $13,499,8412023Assets 2024: $14,662,879Liabilities 2024: $65,024Net Assets 2024: $14,597,8552024

Highlighted filing

2024

Assets$14,662,879
Liabilities$65,024
Net Assets$14,597,855
Open 2024 Filing

Operations Trend

Revenue Growth55th percentile

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

$3.0M$2.0M$1.0M$0Revenue 2011: $1,499,150Expenses 2011: $1,020,705Net Income 2011: $478,4452011Expenses 2012: $1,093,7802012Revenue 2013: $1,756,120Expenses 2013: $1,551,232Net Income 2013: $204,8882013Revenue 2014: $1,925,592Expenses 2014: $1,210,344Net Income 2014: $715,2482014Revenue 2015: $2,046,992Expenses 2015: $1,350,518Net Income 2015: $696,4742015Revenue 2016: $1,922,454Expenses 2016: $1,459,963Net Income 2016: $462,4912016Revenue 2017: $2,172,901Expenses 2017: $2,117,565Net Income 2017: $55,3362017Revenue 2018: $2,178,956Expenses 2018: $1,544,438Net Income 2018: $634,5182018Revenue 2019: $2,227,518Expenses 2019: $1,605,152Net Income 2019: $622,3662019Revenue 2020: $2,766,400Expenses 2020: $1,580,736Net Income 2020: $1,185,6642020Revenue 2021: $2,399,590Expenses 2021: $1,623,649Net Income 2021: $775,9412021Revenue 2022: $2,372,485Expenses 2022: $1,909,898Net Income 2022: $462,5872022Revenue 2023: $2,527,621Expenses 2023: $1,976,758Net Income 2023: $550,8632023Revenue 2024: $2,812,972Expenses 2024: $1,858,318Net Income 2024: $954,6542024

Highlighted filing

2024

Revenue$2,812,972
Expenses$1,858,318
Net Income$954,654
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$14,662,879
Liabilities
$65,024
Net assets
$14,597,855
Revenue
$2,812,972
Expenses
$1,858,318
Net income
$954,654
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.7$0.07$14.6$2.81$1.86$0.95
2023Summary only. Only limited summary data is available for this year.$13.6$0.13$13.5$2.53$1.98$0.55
2022Summary only. Only limited summary data is available for this year.$12.6$0.10$12.5$2.37$1.91$0.46
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.1$0.21$12.9$2.40$1.62$0.78
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.1$0.08$12.0$2.77$1.58$1.19
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.7$0.15$10.6$2.23$1.61$0.62
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.77$0.09$9.68$2.18$1.54$0.63
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.49$0.22$9.27$2.17$2.12$0.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.21$0.09$9.12$1.92$1.46$0.46
2015Summary only. Only limited summary data is available for this year.$8.62$0.10$8.51$2.05$1.35$0.70
2014Detailed filing. Detailed filing data is available for this year.$8.30$0.08$8.22$1.93$1.21$0.72
2013Summary only. Only limited summary data is available for this year.$7.48$0.07$7.42$1.76$1.55$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.00$0.08$6.93$1.09
2011Summary only. Only limited summary data is available for this year.$6.14$0.04$6.10$1.50$1.02$0.48
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$2,812,972
Mission and Program Overview

Mission

To provide common area maintenance and beautification, and to promote social welfare for residents of subdivisions located on Padre Island, Corpus Christi, Texas

Provide common area maintenance, beautification, and promote social welfare for residents of padre island , corpus christi, texas subdividsions

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$10,342,575$9,857,035▼ $485,540
Investments Other Securities$2,582,586$2,630,606▲ $48,020
Cash and Non-Interest-Bearing Accounts$254,194$1,669,133▲ $1,414,939
Accounts Receivable$350,938$367,542▲ $16,604
Inventories for Sale or Use$72,633$119,913▲ $47,280
Prepaid Expenses and Deferred Charges$28,755$17,938▼ $10,817
Land, Buildings, and Equipment, Net$1,710$712▼ $998
Total Assets$13,633,391$14,662,879▲ $1,029,488
Liabilities
Accounts Payable and Accrued Expenses$106,021$35,398▼ $70,623
Deferred Revenue$15,172$26,951▲ $11,779
Other Liabilities$12,357$2,675▼ $9,682
Total Liabilities$133,550$65,024▼ $68,526
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$13,499,841$14,597,855▲ $1,098,014
Total Net Assets Fund Balance$13,499,841$14,597,855▲ $1,098,014
Total Liabilities and Net Assets / Fund Balance$13,633,391$14,662,879▲ $1,029,488

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$102,167$102,167
Equipment$712$45,831$46,543
Other Securities$2,630,606--
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
Jeffery RackleyPresident
John PaschVice President
Bill DavenportBoard Member
Natasha MuseBoard Member
Drew DiggensSecretary
George ReedTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Pezzi Construction INCBulkhead And Tieback InspectionsPO BOX 1003, Cibolo, TX 78108$314,747
Eagle Shore Services LLCBulkhead Repair5722 AAVA, Corpus Christi, TX 78414$177,188
Brightview Landscape Services INCLawn ServicesPO BOX 31001-2463, Pasadena, CA 91110-2463$137,800
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,106,620
Investment Income
$586,714
Other Revenue
$119,638
Change in Net Assets
$954,654

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,812,972
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$143,360
Total Revenue per Audited Statements
$2,956,332
Total Revenue per Form 990
$2,812,972
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,472,023
Salaries, Compensation, and Employee Benefits$386,295
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$353,926--$353,926
Insurance$76,218$44,141-$120,359
Fees for Services Accounting-$74,467-$74,467
All Other Expenses$61,098--$61,098
Occupancy$52,387--$52,387
Office Expenses$45,573--$45,573
Fees for Services Legal-$41,075-$41,075
Interest-$26,670-$26,670
Information Technology$21,233--$21,233
Payroll Taxes$19,455--$19,455
Other Employee Benefits$12,914--$12,914
Fees for Service Investment Mgmnt Fees$10,050--$10,050
Fees for Services Other$6,152--$6,152
Other Expenses$5,850--$5,850
Depreciation Depletion$999--$999
Total Functional Expenses$1,671,965$186,353$0$1,858,318

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,858,318
Total Expenses per Audited Statements$1,858,318
Total Expenses per Form 990$1,858,318
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
No
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Wages Payable$2,406
Payroll Taxes Payable$269
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The association is comprised of residential lot owners in the subdivisions of padre isles”

Form 990, Part VI, Section A, Line 7A

“The owners in the association's subdivisions can vote for directors and members of the board of directors”

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

“A copy of form 990 is provided at the monthly board meetings or emailed to the board members for review before filing.”

Form 990, Part VI, Section B, Line 12C

“Management monitors compliance with the conflict of interest policy and takes enforcement action when necessary”

Form 990, Part VI, Section C, Line 18

“The 990 is made available upon request.”

Form 990, Part VI, Section C, Line 19

“The organization makes its documentation available to the public upon request and posted on the organization's website.”

Filing and Contact Details

Filer

Filer Name
Padre Isles Property Owners
EIN
74-1937330
Phone
3619497025
Address
14015 FORTUNA BAY DRIVE, CORPUS CHRISTI, TX 78418

Signing Officer

Name
Terry Brown
Title
Treasurer
Phone
3619497025
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mr Jeff Rackley
Formed
1976
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
14
Volunteers
0

Preparer

Firm
Adamson & Company LLC
Address
4101 S ALAMEDA ST, CORPUS CHRISTI, TX 78411
Preparer
Jennifer M Perales
Phone
3618878916
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“No changes were made from the prior year”

Financial Statement Notes

PART X, LINE 2:

“The association qualifies as a tax-exempt property owners' association under internal revenue code section 528 for the year ended december 31, 2024. Under that section, the association is not taxed on income and expenses related to its exempt purpose, which is the acquisition, construction, management, maintenance, and care of association property. Net nonexempt function income, which includes earned interest and revenues received from sources unrelated to its exempt purpose, is taxed at the appropriate rate by the federal government. For the year ended december 31, 2024, the association did not have federal income tax expense. The association's tax filings are subject to audit by various taxing authorities. The association's federal income tax returns for 2022, 2023, and 2024 remain open to examination by the internal revenue service. In evaluating the association's tax provisions and accruals, the association believes that its estimates are appropriate based on current facts and circumstances. The association continually evaluates expiring statutes of limitations, audits, proposed settlements, changes in tax law, and new authoritative rulings.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“ROUNDING”

Raw XML AppendixShowing 400 of 418 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
IRS990/AccountantCompileOrReviewInd01
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0106021
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt035398
IRS990/AccountsReceivableGrp/BOYAmt0350938
IRS990/AccountsReceivableGrp/EOYAmt0367542
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROVIDE COMMON AREA MAINTENANCE, BEAUTIFICATION, AND PROMOTE SOCIAL WELFARE FOR RESIDENTS OF PADRE ISLAND , CORPUS CHRISTI, TEXAS SUBDIVIDSIONS
IRS990/AllOtherExpensesGrp/ProgramServicesAmt061098
IRS990/AllOtherExpensesGrp/TotalAmt061098
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
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IRS990/BooksInCareOfDetail/PhoneNum03619497025
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt014015 FORTUNA BAY DRIVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0CORPUS CHRISTI
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd078418
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0254194
IRS990/CashNonInterestBearingGrp/EOYAmt01669133
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt03
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0314747
IRS990/ContractorCompensationGrp/CompensationAmt1177188
IRS990/ContractorCompensationGrp/CompensationAmt2137800
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0PO BOX 1003
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt15722 AAVA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt2PO BOX 31001-2463
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0CIBOLO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1CORPUS CHRISTI
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2PASADENA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0TX
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1TX
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2CA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd078108
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd178414
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd2911102463
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0PEZZI CONSTRUCTION INC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1EAGLE SHORE SERVICES LLC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2BRIGHTVIEW LANDSCAPE SERVICES INC
IRS990/ContractorCompensationGrp/ServicesDesc0BULKHEAD AND TIEBACK INSPECTIONS
IRS990/ContractorCompensationGrp/ServicesDesc1BULKHEAD REPAIR
IRS990/ContractorCompensationGrp/ServicesDesc2LAWN SERVICES
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0586714
IRS990/CYOtherExpensesAmt01472023
IRS990/CYOtherRevenueAmt0119638
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IRS990/CYTotalExpensesAmt01858318
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IRS990/DepreciationDepletionGrp/TotalAmt0999
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IRS990/FeesForSrvcInvstMgmntFeesGrp/ProgramServicesAmt010050
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IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
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IRS990/Form990PartVIISectionAGrp/PersonNm0JEFFERY RACKLEY
IRS990/Form990PartVIISectionAGrp/PersonNm1JOHN PASCH
IRS990/Form990PartVIISectionAGrp/PersonNm2DREW DIGGENS
IRS990/Form990PartVIISectionAGrp/PersonNm3GEORGE REED
IRS990/Form990PartVIISectionAGrp/PersonNm4BILL DAVENPORT
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02812972
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt021233
IRS990/InformationTechnologyGrp/TotalAmt021233
IRS990/InsuranceGrp/ManagementAndGeneralAmt044141
IRS990/InsuranceGrp/ProgramServicesAmt076218
IRS990/InsuranceGrp/TotalAmt0120359
IRS990/InterestGrp/ManagementAndGeneralAmt026670
IRS990/InterestGrp/TotalAmt026670
IRS990/InventoriesForSaleOrUseGrp/BOYAmt072633
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0119913
IRS990/InvestmentIncomeGrp/ExclusionAmt0586714
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0586714
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt02582586
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt02630606
IRS990/IRPDocumentCnt020
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0147998
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01710
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0712
IRS990/LandBldgEquipCostOrOtherBssAmt0148710
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROVIDE COMMON AREA MAINTENANCE, BEAUTIFICATION, AND PROMOTE SOCIAL WELFARE FOR RESIDENTS OF PADRE ISLAND , CORPUS CHRISTI, TEXAS SUBDIVIDSIONS
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt013499841
IRS990/NetAssetsOrFundBalancesEOYAmt014597855
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0143360
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt013499841
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt014597855
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt052387
IRS990/OccupancyGrp/TotalAmt052387
IRS990/OfficeExpensesGrp/ProgramServicesAmt045573
IRS990/OfficeExpensesGrp/TotalAmt045573
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt012914
IRS990/OtherEmployeeBenefitsGrp/TotalAmt012914
IRS990/OtherExpensesGrp/Desc0BULKHEAD MAINTENANCE
IRS990/OtherExpensesGrp/Desc1COMMON AREA MAINTENANCE
IRS990/OtherExpensesGrp/Desc2BILLISH PARK MAINTENANC
IRS990/OtherExpensesGrp/Desc3WATER INSPECTIONS
IRS990/OtherExpensesGrp/ProgramServicesAmt0837258
IRS990/OtherExpensesGrp/ProgramServicesAmt1113132
IRS990/OtherExpensesGrp/ProgramServicesAmt255720
IRS990/OtherExpensesGrp/ProgramServicesAmt35850
IRS990/OtherExpensesGrp/TotalAmt0837258
IRS990/OtherExpensesGrp/TotalAmt1113132
IRS990/OtherExpensesGrp/TotalAmt255720
IRS990/OtherExpensesGrp/TotalAmt35850
IRS990/OtherLiabilitiesGrp/BOYAmt012357
IRS990/OtherLiabilitiesGrp/EOYAmt02675
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/BusinessCd1531390
IRS990/OtherRevenueMiscGrp/BusinessCd2531390
IRS990/OtherRevenueMiscGrp/Desc0ARCHITECTURAL CONTROL
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/Desc2RESALE CERTIFICATE FEE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt066388
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt139250
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt214000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt066388
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt139250
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt214000
IRS990/OtherRevenueTotalAmt0119638
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0353926
IRS990/OtherSalariesAndWagesGrp/TotalAmt0353926
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt019455
IRS990/PayrollTaxesGrp/TotalAmt019455
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt028755
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt017938
IRS990/PrincipalOfficerNm0MR JEFF RACKLEY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/Desc0COMMON AREA MAINTENANC
IRS990/ProgramServiceRevenueGrp/Desc1CITY OF COPRPUS CHRIST
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02091920
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt114700
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02091920
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt114700
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0314720
IRS990/PYOtherExpensesAmt01674030
IRS990/PYOtherRevenueAmt0124166
IRS990/PYProgramServiceRevenueAmt02088735
IRS990/PYRevenuesLessExpensesAmt0550863
IRS990/PYSalariesCompEmpBnftPaidAmt0302728
IRS990/PYTotalExpensesAmt01976758
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02527621
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0954654
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02226258
IRS990/SavingsAndTempCashInvstGrp/BOYAmt010342575
IRS990/SavingsAndTempCashInvstGrp/EOYAmt09857035
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd00
IRS990ScheduleC/SubstantiallyAllDuesNondedInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0102167
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0102167
IRS990ScheduleD/EquipmentGrp/BookValueAmt0712
IRS990ScheduleD/EquipmentGrp/DepreciationAmt045831
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt046543
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01858318
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0143360
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0269
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12406
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAXES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1WAGES PAYABLE
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt02630606
IRS990ScheduleD/OtherSecuritiesGrp/Desc0HERNDON PLANT OAKLEY MUTUAL FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt0143360
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02812972
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION QUALIFIES AS A TAX-EXEMPT PROPERTY OWNERS' ASSOCIATION UNDER INTERNAL REVENUE CODE SECTION 528 FOR THE YEAR ENDED DECEMBER 31, 2024. UNDER THAT SECTION, THE ASSOCIATION IS NOT TAXED ON INCOME AND EXPENSES RELATED TO ITS EXEMPT PURPOSE, WHICH IS THE ACQUISITION, CONSTRUCTION, MANAGEMENT, MAINTENANCE, AND CARE OF ASSOCIATION PROPERTY. NET NONEXEMPT FUNCTION INCOME, WHICH INCLUDES EARNED INTEREST AND REVENUES RECEIVED FROM SOURCES UNRELATED TO ITS EXEMPT PURPOSE, IS TAXED AT THE APPROPRIATE RATE BY THE FEDERAL GOVERNMENT. FOR THE YEAR ENDED DECEMBER 31, 2024, THE ASSOCIATION DID NOT HAVE FEDERAL INCOME TAX EXPENSE. THE ASSOCIATION'S TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. THE ASSOCIATION'S FEDERAL INCOME TAX RETURNS FOR 2022, 2023, AND 2024 REMAIN OPEN TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. IN EVALUATING THE ASSOCIATION'S TAX PROVISIONS AND ACCRUALS, THE ASSOCIATION BELIEVES THAT ITS ESTIMATES ARE APPROPRIATE BASED ON CURRENT FACTS AND CIRCUMSTANCES. THE ASSOCIATION CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW, AND NEW AUTHORITATIVE RULINGS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ROUNDING
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0712
IRS990ScheduleD/TotalBookValueSecuritiesAmt02630606
IRS990ScheduleD/TotalExpensesPerForm990Amt01858318
IRS990ScheduleD/TotalLiabilityAmt02675
IRS990ScheduleD/TotalRevenuePerForm990Amt02812972
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02956332
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01858318
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION IS COMPRISED OF RESIDENTIAL LOT OWNERS IN THE SUBDIVISIONS OF PADRE ISLES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE OWNERS IN THE ASSOCIATION'S SUBDIVISIONS CAN VOTE FOR DIRECTORS AND MEMBERS OF THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF FORM 990 IS PROVIDED AT THE MONTHLY BOARD MEETINGS OR EMAILED TO THE BOARD MEMBERS FOR REVIEW BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MANAGEMENT MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY AND TAKES ENFORCEMENT ACTION WHEN NECESSARY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 990 IS MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS DOCUMENTATION AVAILABLE TO THE PUBLIC UPON REQUEST AND POSTED ON THE ORGANIZATION'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NO CHANGES WERE MADE FROM THE PRIOR YEAR
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt013633391
IRS990/TotalAssetsEOYAmt014662879
IRS990/TotalAssetsGrp/BOYAmt013633391
IRS990/TotalAssetsGrp/EOYAmt014662879
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt014
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0186353
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01671965
IRS990/TotalFunctionalExpensesGrp/TotalAmt01858318
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0133550
IRS990/TotalLiabilitiesEOYAmt065024
IRS990/TotalLiabilitiesGrp/BOYAmt0133550
IRS990/TotalLiabilitiesGrp/EOYAmt065024
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt013499841
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt014597855
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01671965
IRS990/TotalProgramServiceRevenueAmt02106620
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0586714
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02226258
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02812972
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt013633391
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt014662879
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt014015 FORTUNA BAY DR
IRS990/USAddress/CityNm0CORPUS CHRISTI
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd078418
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.PADREISLESPOA.NET
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TERRY BROWN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03619497025
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PADRE ISLES PROPERTY OWNERS
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0PADR
ReturnHeader/Filer/EIN0741937330
ReturnHeader/Filer/PhoneNum03619497025

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