Civic Intelligence

Westchase Section Three Community Assoc Inc

990 • Fiscal year 2020 • EIN 75-2858198

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 11, 2021

2000 West Loop South No 430Houston, TX 77027

(713) 366-3143

Siviq Scores

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

Liabilities / Assets

35th percentile

0.00x

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

2020 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

35th percentile

0.00x

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

2020 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2020

Net Margin

21st percentile

-9.2%

Higher net margin than 21% of similar nonprofits.

2020 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

68th percentile

$0

Higher top officer pay than 68% of similar nonprofits.

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

2020 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2020

Asset Growth

29th percentile

-2.1%

Faster asset growth than 29% of similar nonprofits.

2020 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

20th percentile

-27%

Faster revenue growth than 20% of similar nonprofits.

2020 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Down

$956,507

Down $20,756 (-2.1%) from 2019

Net Assets

Down

$956,507

Down $20,756 (-2.1%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Down

$225,401

Down $82,141 (-27%) from 2019

Expenses

Down

$246,157

Down $3,585 (-1.4%) from 2019

Net Income

Down

-$20,756

Down $78,556 (-136%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $399,536Liabilities 2011: $0Net Assets 2011: $399,5362011Assets 2012: $583,512Liabilities 2012: $0Net Assets 2012: $583,5122012Assets 2013: $558,076Liabilities 2013: $0Net Assets 2013: $558,0762013Assets 2014: $512,270Liabilities 2014: $0Net Assets 2014: $512,2702014Assets 2015: $617,677Liabilities 2015: $0Net Assets 2015: $617,6772015Assets 2016: $796,803Liabilities 2016: $0Net Assets 2016: $796,8032016Assets 2017: $963,542Liabilities 2017: $0Net Assets 2017: $963,5422017Assets 2018: $919,463Liabilities 2018: $0Net Assets 2018: $919,4632018Assets 2019: $977,263Liabilities 2019: $0Net Assets 2019: $977,2632019Assets 2020: $956,507Liabilities 2020: $0Net Assets 2020: $956,5072020Assets 2021: $1,018,380Liabilities 2021: $0Net Assets 2021: $1,018,3802021Assets 2022: $1,098,423Liabilities 2022: $0Net Assets 2022: $1,098,4232022Assets 2023: $1,146,519Liabilities 2023: $12,445Net Assets 2023: $1,134,0742023Assets 2024: $1,235,438Liabilities 2024: $0Net Assets 2024: $1,235,4382024

Highlighted filing

2020

Assets$956,507
Liabilities$0
Net Assets$956,507

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $300,652Expenses 2011: $332,831Net Income 2011: -$32,1792011Revenue 2012: $470,370Expenses 2012: $286,394Net Income 2012: $183,9762012Revenue 2013: $289,425Expenses 2013: $314,861Net Income 2013: -$25,4362013Revenue 2014: $249,569Expenses 2014: $295,375Net Income 2014: -$45,8062014Revenue 2015: $412,337Expenses 2015: $306,930Net Income 2015: $105,4072015Revenue 2016: $412,140Expenses 2016: $233,014Net Income 2016: $179,1262016Revenue 2017: $396,923Expenses 2017: $230,184Net Income 2017: $166,7392017Revenue 2018: $176,252Expenses 2018: $220,331Net Income 2018: -$44,0792018Revenue 2019: $307,542Expenses 2019: $249,742Net Income 2019: $57,8002019Revenue 2020: $225,401Expenses 2020: $246,157Net Income 2020: -$20,7562020Revenue 2021: $274,458Expenses 2021: $212,585Net Income 2021: $61,8732021Revenue 2022: $346,719Expenses 2022: $266,676Net Income 2022: $80,0432022Revenue 2023: $321,719Expenses 2023: $286,069Net Income 2023: $35,6502023Revenue 2024: $349,818Expenses 2024: $248,454Net Income 2024: $101,3642024

Highlighted filing

2020

Revenue$225,401
Expenses$246,157
Net Income-$20,756
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 11, 2021
Return Version
2020v4.1
Gross Receipts
$225,401
Mission and Program Overview

Mission

Preserving and maintaining the uniform standards and quality as well as the natural beauty and aesthetic value of property in that certain commercial real estate development in houston, harris county, texas known as westchase, section three. Perform any and all acts that may be necessary for, or incidental to, the exercise of the foregoing powers, or for the peace, health, comfort, safety, or general welfare of the property owners, tenants, and members of the general public in westchase, section three.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$977,263$956,507▼ $20,756
Savings and Temporary Cash Investments$547,316$545,580▼ $1,736
Land, Buildings, and Equipment, Net$285,446$294,326▲ $8,880
Cash and Non-Interest-Bearing Accounts$143,605$115,705▼ $27,900
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$977,263$956,507▼ $20,756
Other Assets Total$896$896→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$977,263$956,507▼ $20,756
Total Liabilities and Net Assets / Fund Balance$977,263$956,507▼ $20,756

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$294,326$428,419$722,745
Compensation and Service Providers

Board Members and Trustees

NameTitle
Phil DavisPresident
Sundaresh KamathVice-president
Tanya WagnerSecretary & Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$1,034
Other Revenue
$224,367
Change in Net Assets
$-20,756
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$246,157
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 Management-$44,400-$44,400
Depreciation Depletion$38,530--$38,530
Other Expenses$38,364--$38,364
Insurance-$12,976-$12,976
Fees for Services Legal-$9,247-$9,247
Office Expenses-$8,999-$8,999
Fees for Services Accounting-$1,750-$1,750
Fees for Services Other-$1,352-$1,352
Total Functional Expenses$167,433$78,724$0$246,157
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Beginning in 2018, management of the association was taken over by and fees were paid to jones lang lasalle.

Form 990, Part VI, Section A, Line 6

MEMBERS

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

Members elect the board of directors at annual meeting and give approval to actions taken by the board.

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

Members elect the board of directors at annual meeting and give approval to actions taken by the board.

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

The annual meeting is the forum by which the form 990 is distributed to members or is provided upon request for review.

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

In conjunction with the annual board meeting all potential conflicts of interest are disclosed by all officers and directors and monitored and approved by the board.

Form 990, Part VI, Section C, Line 19

An annual meeting of membership is held at which time governing documents, conflict of interest policy, and financial statements are made available to members only. These documents are also available upon request by a member at any time.

Filing and Contact Details

Filer

Filer Name
Westchase Section Three Community Assoc
EIN
75-2858198
Phone
7133663143
Address
2000 WEST LOOP SOUTH NO 430, HOUSTON, TX 77027

Signing Officer

Name
Phil Davis
Title
President
Phone
7133663143
Signed
2021-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Phil Davis
Formed
1999
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Briggs & Veselka Co
Address
NINE GREENWAY PLAZA SUITE 1700, HOUSTON, TX 77046
Preparer
Richard B Westerfield
Phone
7136679147
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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/ExplanationTxt0BEGINNING IN 2018, MANAGEMENT OF THE ASSOCIATION WAS TAKEN OVER BY AND FEES WERE PAID TO JONES LANG LASALLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS ELECT THE BOARD OF DIRECTORS AT ANNUAL MEETING AND GIVE APPROVAL TO ACTIONS TAKEN BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MEMBERS ELECT THE BOARD OF DIRECTORS AT ANNUAL MEETING AND GIVE APPROVAL TO ACTIONS TAKEN BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ANNUAL MEETING IS THE FORUM BY WHICH THE FORM 990 IS DISTRIBUTED TO MEMBERS OR IS PROVIDED UPON REQUEST FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5IN CONJUNCTION WITH THE ANNUAL BOARD MEETING ALL POTENTIAL CONFLICTS OF INTEREST ARE DISCLOSED BY ALL OFFICERS AND DIRECTORS AND MONITORED AND APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AN ANNUAL MEETING OF MEMBERSHIP IS HELD AT WHICH TIME GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO MEMBERS ONLY. THESE DOCUMENTS ARE ALSO AVAILABLE UPON REQUEST BY A MEMBER AT ANY TIME.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
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IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02000 WEST LOOP SOUTH NO 430
IRS990/USAddress/CityNm0HOUSTON
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077027
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0PHIL DAVIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07133663143
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WESTCHASE SECTION THREE COMMUNITY ASSOC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INC
ReturnHeader/Filer/BusinessNameControlTxt0WEST
ReturnHeader/Filer/EIN0752858198
ReturnHeader/Filer/PhoneNum07133663143
ReturnHeader/Filer/USAddress/AddressLine1Txt02000 WEST LOOP SOUTH NO 430
ReturnHeader/Filer/USAddress/CityNm0HOUSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077027
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0741769118
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BRIGGS & VESELKA CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0NINE GREENWAY PLAZA SUITE 1700
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HOUSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077046
ReturnHeader/PreparerPersonGrp/PhoneNum07136679147
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICHARD B WESTERFIELD
ReturnHeader/ReturnTs02021-11-15T08:36:57-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0PHIL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0DAVIS
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.24$0.00$1.24$0.35$0.25$0.10
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.15$0.01$1.13$0.32$0.29$0.04
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.10$0.00$1.10$0.35$0.27$0.08
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.02$0.00$1.02$0.27$0.21$0.06
2020Detailed filing. Detailed filing data is available for this year.$0.96$0.00$0.96$0.23$0.25$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.98$0.00$0.98$0.31$0.25$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.92$0.00$0.92$0.18$0.22$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.96$0.00$0.96$0.40$0.23$0.17
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.80$0.00$0.80$0.41$0.23$0.18
2015Detailed filing. Detailed filing data is available for this year.$0.62$0.00$0.62$0.41$0.31$0.11
2014Summary only. Only limited summary data is available for this year.$0.51$0.00$0.51$0.25$0.30$0.05
2013Summary only. Only limited summary data is available for this year.$0.56$0.00$0.56$0.29$0.31$0.03
2012Summary only. Only limited summary data is available for this year.$0.58$0.00$0.58$0.47$0.29$0.18
2011Summary only. Only limited summary data is available for this year.$0.40$0.00$0.40$0.30$0.33$0.03