Civic Intelligence

Copper Lakes Homeowners Assn

990 • Fiscal year 2016 • EIN 76-0416536

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 20, 2017

Organization Profile
17171 Park RowHouston, TX 77084

(281) 579-0761

Siviq Scores

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

Liabilities / Assets

76th percentile

0.33x

Higher debt load relative to assets than 76% of similar nonprofits.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

70th percentile

0.46x

Higher debt load relative to revenue than 70% of similar nonprofits.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2016

Net Margin

45th percentile

4.3%

Higher net margin than 45% of similar nonprofits.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

59th percentile

$0

Higher top officer pay than 59% of similar nonprofits.

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

2016 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2016

Asset Growth

63rd percentile

5.2%

Faster asset growth than 63% of similar nonprofits.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

27th percentile

-6.1%

Faster revenue growth than 27% of similar nonprofits.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets76th percentile

Assets

Up

$1,675,181

Up $83,173 (+5.2%) from 2015

Net Assets

Up

$1,119,358

Up $51,186 (+4.8%) from 2015

Liabilities

Up

$555,823

Up $31,987 (+6.1%) from 2015

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin45th percentile

Revenue

Down

$1,199,877

Down $77,640 (-6.1%) from 2015

Expenses

Down

$1,148,691

Down $56,641 (-4.7%) from 2015

Net Income

Down

$51,186

Down $20,999 (-29%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth63rd percentile

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

$3.0M$2.0M$1.0M$0Assets 2013: $1,364,080Liabilities 2013: $561,363Net Assets 2013: $802,7172013Assets 2014: $1,560,791Liabilities 2014: $564,804Net Assets 2014: $995,9872014Assets 2015: $1,592,008Liabilities 2015: $523,836Net Assets 2015: $1,068,1722015Assets 2016: $1,675,181Liabilities 2016: $555,823Net Assets 2016: $1,119,3582016Assets 2017: $1,672,653Liabilities 2017: $493,139Net Assets 2017: $1,179,5142017Assets 2018: $1,752,534Liabilities 2018: $494,982Net Assets 2018: $1,257,5522018Assets 2019: $1,879,820Liabilities 2019: $481,581Net Assets 2019: $1,398,2392019Assets 2020: $1,925,997Liabilities 2020: $555,284Net Assets 2020: $1,370,7132020Assets 2021: $1,778,060Liabilities 2021: $507,986Net Assets 2021: $1,270,0742021Assets 2022: $1,937,637Liabilities 2022: $643,766Net Assets 2022: $1,293,8712022Assets 2023: $2,029,958Liabilities 2023: $451,746Net Assets 2023: $1,578,2122023Assets 2024: $1,960,655Liabilities 2024: $496,300Net Assets 2024: $1,464,3552024

Highlighted filing

2016

Assets$1,675,181
Liabilities$555,823
Net Assets$1,119,358
Open 2016 Filing

Operations Trend

Revenue Growth27th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2013: $1,190,603Expenses 2013: $1,043,597Net Income 2013: $147,0062013Revenue 2014: $1,222,660Expenses 2014: $1,029,390Net Income 2014: $193,2702014Revenue 2015: $1,277,517Expenses 2015: $1,205,332Net Income 2015: $72,1852015Revenue 2016: $1,199,877Expenses 2016: $1,148,691Net Income 2016: $51,1862016Revenue 2017: $1,193,051Expenses 2017: $1,147,717Net Income 2017: $45,3342017Revenue 2018: $1,204,226Expenses 2018: $1,131,680Net Income 2018: $72,5462018Revenue 2019: $1,276,284Expenses 2019: $1,071,642Net Income 2019: $204,6422019Revenue 2020: $1,279,465Expenses 2020: $1,356,698Net Income 2020: -$77,2332020Revenue 2021: $1,280,788Expenses 2021: $1,306,915Net Income 2021: -$26,1272021Revenue 2022: $1,379,820Expenses 2022: $1,432,880Net Income 2022: -$53,0602022Revenue 2023: $1,646,698Expenses 2023: $1,376,093Net Income 2023: $270,6052023Revenue 2024: $1,675,556Expenses 2024: $1,799,912Net Income 2024: -$124,3562024

Highlighted filing

2016

Revenue$1,199,877
Expenses$1,148,691
Net Income$51,186
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 20, 2017
Return Version
2016v3.0
Gross Receipts
$1,199,877
Mission and Program Overview

Mission

The association maintains the greenbelts, lakes and fountains, trash services and utilities to the general community and to maintain property values to the adjoining communities

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$726,823$1,023,495▲ $296,672
Cap Stk Tr Prin Current Funds$672,387$726,308▲ $53,921
Cash and Non-Interest-Bearing Accounts$749,273$567,434▼ $181,839
Pd in Cap Srpls Land Bldg Eqp Fund$395,785$393,050▼ $2,735
Accounts Receivable$91,645$61,011▼ $30,634
Prepaid Expenses and Deferred Charges$24,267$23,241▼ $1,026
Total Assets$1,592,008$1,675,181▲ $83,173
Liabilities
Other Liabilities$465,161$433,951▼ $31,210
Accounts Payable and Accrued Expenses$58,675$121,872▲ $63,197
Total Liabilities$523,836$555,823▲ $31,987
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,068,172$1,119,358▲ $51,186
Total Liabilities and Net Assets / Fund Balance$1,592,008$1,675,181▲ $83,173
Compensation and Service Providers
Top Officer Pay59th percentile

Board Members and Trustees

NameTitle
Arnold MartinDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,138,050
Program Service Revenue
$19,200
Investment Income
$3,086
Other Revenue
$39,541
Change in Net Assets
$51,186

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,199,877
Total Revenue per Audited Statements
$1,199,877
Total Revenue per Form 990
$1,199,877
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,148,691
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 Other$715,545$20,090-$735,635
Fees for Services Management-$46,676-$46,676
Fees for Services Legal-$37,181-$37,181
Insurance-$27,664-$27,664
Fees for Services Accounting-$21,230-$21,230
Other Expenses$748$1,697-$748
Total Functional Expenses$994,153$154,538$0$1,148,691

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,148,691
Total Expenses per Audited Statements$1,148,691
Total Expenses per Form 990$1,148,691
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
Prepaid Assessments$433,701
Deposits$250
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
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
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

“All homeowners in the association are member owners of the association.”

Member election for additional members Part VI line 7A

“Each homeowners has one vote and can vote to elect member homeowners to the board of directors of the association.”

Governing body decisions Part VI line 7B

“The board of directors voted in by the member homeoweners presides over all decisions for the association.”

Form 990 governing body review Part VI line 11

“The board of directors had governing body review over all documents concerning the association”

Governing documents etc available to public Part VI line 19

“All documents related to the association are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Copper Lakes Homeowners Assn
EIN
76-0416536
Address
17171 PARK ROW, Houston, TX 77084

Signing Officer

Name
Arnold Martin
Title
Director
Phone
2815790761
Signed
2017-11-20
Discuss with paid preparer
No

Organization Details

Principal Officer
Arnold Martin
Formed
2011
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
5

Preparer

Firm
Elaine W Combs CPA
Address
P O BOX 148, Hungerford, TX 77448
Preparer
Elaine W Combs
Phone
2819705005
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“This is the initial return for the Association and the change is the balance carried forward of equity”

List of other fees for services expenses Part IX line 11G

“A schedule of fees for service expenses is provided within the return”

General explanation attachment

“The Association did not file the correct request for extension because it did not receive a paper copy of the letter of determination that it had qualified for tax exempt status until it was too late to do so. However since prior to that time it was filing Form 1120 it did in fact file a tax extension to September 15th for that return. According to the letter of determination received, the association is required to file a Form 990. We are requesting waivers or abatement of any late filing penalties due to the late receipt of the Letter of Determination.”

Raw XML Appendix305 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/ExplanationTxt0ALL HOMEOWNERS IN THE ASSOCIATION ARE MEMBER OWNERS OF THE ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH HOMEOWNERS HAS ONE VOTE AND CAN VOTE TO ELECT MEMBER HOMEOWNERS TO THE BOARD OF DIRECTORS OF THE ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS VOTED IN BY THE MEMBER HOMEOWENERS PRESIDES OVER ALL DECISIONS FOR THE ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS HAD GOVERNING BODY REVIEW OVER ALL DOCUMENTS CONCERNING THE ASSOCIATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4All documents related to the association are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5This is the initial return for the Association and the change is the balance carried forward of equity
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6A SCHEDULE OF FEES FOR SERVICE EXPENSES IS PROVIDED WITHIN THE RETURN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The Association did not file the correct request for extension because it did not receive a paper copy of the letter of determination that it had qualified for tax exempt status until it was too late to do so. However since prior to that time it was filing Form 1120 it did in fact file a tax extension to September 15th for that return. According to the letter of determination received, the association is required to file a Form 990. We are requesting waivers or abatement of any late filing penalties due to the late receipt of the Letter of Determination.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7General explanation attachment
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01675181
IRS990/TotReportableCompRltdOrgAmt00
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IRS990/UponRequestInd0X
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ReturnHeader/ReturnTs02018-02-08T19:45:25-05:00
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ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,675,181
Liabilities
$555,823
Net assets
$1,119,358
Revenue
$1,199,877
Expenses
$1,148,691
Net income
$51,186
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.96$0.50$1.46$1.68$1.80$0.12
2023Detailed filing. Detailed filing data is available for this year.$2.03$0.45$1.58$1.65$1.38$0.27
2022Detailed filing. Detailed filing data is available for this year.$1.94$0.64$1.29$1.38$1.43$0.05
2021Detailed filing. Detailed filing data is available for this year.$1.78$0.51$1.27$1.28$1.31$0.03
2020Detailed filing. Detailed filing data is available for this year.$1.93$0.56$1.37$1.28$1.36$0.08
2019Detailed filing. Detailed filing data is available for this year.$1.88$0.48$1.40$1.28$1.07$0.20
2018Summary only. Only limited summary data is available for this year.$1.75$0.49$1.26$1.20$1.13$0.07
2017Detailed filing. Detailed filing data is available for this year.$1.67$0.49$1.18$1.19$1.15$0.05
2016Detailed filing. Detailed filing data is available for this year.$1.68$0.56$1.12$1.20$1.15$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.59$0.52$1.07$1.28$1.21$0.07
2014Detailed filing. Detailed filing data is available for this year.$1.56$0.56$1.00$1.22$1.03$0.19
2013Summary only. Only limited summary data is available for this year.$1.36$0.56$0.80$1.19$1.04$0.15