Liabilities / Assets
63rd percentile
Higher debt load relative to assets than 63% of similar nonprofits.
Property Owner'S Association
EIN 75-2640477 • 501(c)4 • Little Elm, TX
Profile
To enhance and preserve the quality of life and sense of community through effective and efficient management of the association, enforcement of rules and covenants to preserve property values, and support initiatives and capital improvements that benefit the greater good.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.00x
Liabilities / Revenue
69th percentile
Higher debt load relative to revenue than 69% of similar nonprofits.
Net Margin
59th percentile
Higher net margin than 59% of similar nonprofits.
Top Officer Pay
91st percentile
Higher top officer pay than 91% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
27th percentile
Faster asset growth than 27% of similar nonprofits.
Revenue Growth
52nd percentile
Faster revenue growth than 52% of similar nonprofits.
Balance Sheet
Assets
Down$209,255
Down $41,419 (-17%) from 2023
Liabilities
Down$1,001
Down $690 (-41%) from 2023
Net Assets
Down$208,254
Down $40,729 (-16%) from 2023
Revenue
Up$53,005
Up $565 (+1.1%) from 2023
Expenses
Up$49,641
Up $6,353 (+15%) from 2023
Net Income
Down$3,364
Down $5,788 (-63%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $209,255
- Liabilities
- $1,001
- Net assets
- $208,254
- Revenue
- $53,005
- Expenses
- $49,641
- Net income
- $3,364
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Oct 22, 2025
- Return Version
- 2024v5.0
- Gross Receipts
- $53,005
Mission and Program Overview
Mission
To enhance and preserve the quality of life and sense of community through effective and efficient management of the association, enforcement of rules and covenants to preserve property values, and support initiatives and capital improvements that benefit the greater good.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| ENHANCED THE COMMUNITY'S GROUNDS BY MAINTAINING AND ADDING LANDSCAPING AND MADE APPROPRIATE IMPROVEMENTS TO MAINTAIN PROPERTY VALUES. | - | $44,683 |
| ENHANCED THE COMMUNITY'S GROUNDS BY MAINTAINING AND ADDING LANDSCAPING AND MADE APPROPRIATE IMPROVEMENTS TO MAINTAIN PROPERTY VALUES. | - | $757 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| JOE POTTS | President | - | $0 | - | - |
| KATHRYN LOO | Treasurer | - | $0 | - | - |
| LINDSEY REYES | Vice Preside | - | $0 | - | - |
| KEITH HIBBITTS | Secretary | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- PROPERTY OWNER'S ASSOCIATION
- EIN
- 75-2640477
- Phone
- 2145647651
- Address
- PO BOX 1267, LITTLE ELM, TX 75068
Signing Officer
- Name
- Joe Potts
- Title
- President
- Signed
- 2025-10-22
Preparer
- Firm
- Hensley CPA Firm Pa
- Address
- 7011 ASH ST, FRISCO, TX 75034
- Preparer
- Karey Hensley Rebello
- Phone
- 2143909071
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses office supplies 216 back flow test 100 software 25 website 827 annual directors meeting 116 insurance 3,164 landscaping 22,596 storage unit 1,723 utilities 6,938 hospitality expense 8,438 bank charges 16 common area repair 757 total 44,916”
Form 990-ez, Part I, Line 20
“Sec. 481 adjustment -44,092”
Form 990-ez, Part II, Line 24
“Accounts receivable 45,784 0 fixed assets 24,746 24,746 less accumulated depreciation 24,746 24,746 -250 0 total 45,534 0”
Form 990-ez, Part II, Line 26
“Accounts payable and accrued expenses 1,692 0 hoa prepayment 0 1,001”
Form 990-ez, Part III
“To enhance and preserve the quality of life and sense of community through effective and efficient management of the association, enforcement of rules and covenants to preserve property values, and support initiatives and capital improvements that benefit the greater good.”
Form 990-ez, Part III, Line 31
“Enhanced the community's grounds by maintaining and adding landscaping and made appropriate improvements to maintain property values.”
Raw XML Appendix114 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/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | KATHRYN LOO |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 9728498631 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | PO BOX 1267 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | LITTLE ELM |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | TX |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 75068 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 205140 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 209255 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 52258 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 3364 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 4185 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 250674 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 209255 |
| IRS990EZ/GrossReceiptsAmt | 0 | 53005 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 747 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 248982 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 208254 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 248982 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 208254 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | JOE POTTS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | KATHRYN LOO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | LINDSEY REYES |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | KEITH HIBBITTS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | VICE PRESIDE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | SECRETARY |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 45534 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | -44092 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 44916 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO ENHANCE AND PRESERVE THE QUALITY OF LIFE AND SENSE OF COMMUNITY THROUGH EFFECTIVE AND EFFICIENT MANAGEMENT OF THE ASSOCIATION, ENFORCEMENT OF RULES AND COVENANTS TO PRESERVE PROPERTY VALUES, AND SUPPORT INITIATIVES AND CAPITAL IMPROVEMENTS THAT BENEFIT THE GREATER GOOD. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 540 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | ENHANCED THE COMMUNITY'S GROUNDS BY MAINTAINING AND ADDING LANDSCAPING AND MADE APPROPRIATE IMPROVEMENTS TO MAINTAIN PROPERTY VALUES. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | ENHANCED THE COMMUNITY'S GROUNDS BY MAINTAINING AND ADDING LANDSCAPING AND MADE APPROPRIATE IMPROVEMENTS TO MAINTAIN PROPERTY VALUES. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 44683 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 1 | 757 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 1692 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 1001 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 49641 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 45440 |
| IRS990EZ/TotalRevenueAmt | 0 | 53005 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationAssocInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.SUNRISEBAYPOA.ORG |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES OFFICE SUPPLIES 216 BACK FLOW TEST 100 SOFTWARE 25 WEBSITE 827 ANNUAL DIRECTORS MEETING 116 INSURANCE 3,164 LANDSCAPING 22,596 STORAGE UNIT 1,723 UTILITIES 6,938 HOSPITALITY EXPENSE 8,438 BANK CHARGES 16 COMMON AREA REPAIR 757 TOTAL 44,916 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | SEC. 481 ADJUSTMENT -44,092 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ACCOUNTS RECEIVABLE 45,784 0 FIXED ASSETS 24,746 24,746 LESS ACCUMULATED DEPRECIATION 24,746 24,746 -250 0 TOTAL 45,534 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 1,692 0 HOA PREPAYMENT 0 1,001 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | TO ENHANCE AND PRESERVE THE QUALITY OF LIFE AND SENSE OF COMMUNITY THROUGH EFFECTIVE AND EFFICIENT MANAGEMENT OF THE ASSOCIATION, ENFORCEMENT OF RULES AND COVENANTS TO PRESERVE PROPERTY VALUES, AND SUPPORT INITIATIVES AND CAPITAL IMPROVEMENTS THAT BENEFIT THE GREATER GOOD. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | ENHANCED THE COMMUNITY'S GROUNDS BY MAINTAINING AND ADDING LANDSCAPING AND MADE APPROPRIATE IMPROVEMENTS TO MAINTAIN PROPERTY VALUES. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990-EZ, PART III, LINE 31 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JOE POTTS |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-10-22 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | PROPERTY OWNER'S ASSOCIATION |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | OF SUNRISE BAY |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | PROP |
| ReturnHeader/Filer/EIN | 0 | 752640477 |
| ReturnHeader/Filer/PhoneNum | 0 | 2145647651 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX 1267 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | LITTLE ELM |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | TX |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 75068 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | false |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 650700009 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | HENSLEY CPA FIRM PA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 7011 ASH ST |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | FRISCO |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | TX |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 75034 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2143909071 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-10-22 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | KAREY HENSLEY REBELLO |
| ReturnHeader/ReturnTs | 0 | 2025-11-04T11:41:20-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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