Civic Intelligence

Montgomery Trace Property Owners Association Inc

990 • Fiscal year 2022 • EIN 76-0679666

Jan 01, 2022 to Dec 31, 2022 • Filed on Sep 16, 2023

Organization ProfileN/A
C/O 4700 West Sam Houston Pkwy NortHouston, TX 77041

(800) 808-4882

Siviq Scores

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

Liabilities / Assets

56th percentile

0.08x

Higher debt load relative to assets than 56% of similar nonprofits.

2022 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

75th percentile

0.50x

Higher debt load relative to revenue than 75% of similar nonprofits.

2022 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2022

Net Margin

62nd percentile

15%

Higher net margin than 62% of similar nonprofits.

2022 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

61st percentile

$0

Higher top officer pay than 61% of similar nonprofits.

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

2022 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2022

Asset Growth

57th percentile

3.3%

Faster asset growth than 57% of similar nonprofits.

2022 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

70th percentile

19%

Faster revenue growth than 70% of similar nonprofits.

2022 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$2,105,253

Up $66,327 (+3.3%) from 2021

Net Assets

Up

$1,935,296

Up $51,495 (+2.7%) from 2021

Liabilities

Up

$169,957

Up $14,832 (+9.6%) from 2021

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin62nd percentile

Revenue

Up

$340,905

Up $55,355 (+19%) from 2021

Expenses

Up

$289,534

Up $6,896 (+2.4%) from 2021

Net Income

Up

$51,371

Up $48,459 (+1664%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth57th percentile

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

$3.0M$2.0M$1.0M$0Assets 2010: $2,111,872Liabilities 2010: $119,755Net Assets 2010: $1,992,1172010Assets 2011: $2,160,103Liabilities 2011: $114,940Net Assets 2011: $2,045,1632011Assets 2012: $2,167,918Liabilities 2012: $116,914Net Assets 2012: $2,051,0042012Assets 2013: $2,218,827Liabilities 2013: $123,670Net Assets 2013: $2,095,1572013Assets 2014: $2,148,044Liabilities 2014: $151,933Net Assets 2014: $1,996,1112014Assets 2015: $2,086,659Liabilities 2015: $120,734Net Assets 2015: $1,965,9252015Assets 2016: $2,079,611Liabilities 2016: $151,462Net Assets 2016: $1,928,1492016Assets 2017: $2,006,633Liabilities 2017: $122,181Net Assets 2017: $1,884,4522017Assets 2018: $1,868,641Liabilities 2018: $126,457Net Assets 2018: $1,742,1842018Assets 2019: $1,955,716Liabilities 2019: $152,289Net Assets 2019: $1,803,4272019Assets 2020: $2,008,416Liabilities 2020: $127,527Net Assets 2020: $1,880,8892020Assets 2021: $2,038,926Liabilities 2021: $155,125Net Assets 2021: $1,883,8012021Assets 2022: $2,105,253Liabilities 2022: $169,957Net Assets 2022: $1,935,2962022Assets 2023: $1,976,288Liabilities 2023: $144,370Net Assets 2023: $1,831,9182023Assets 2024: $2,009,915Liabilities 2024: $200,599Net Assets 2024: $1,809,3162024

Highlighted filing

2022

Assets$2,105,253
Liabilities$169,957
Net Assets$1,935,296
Open 2022 Filing

Operations Trend

Revenue Growth70th percentile

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

$600K$400K$200K$0-$200KExpenses 2010: $285,2072010Expenses 2011: $238,8152011Expenses 2012: $369,4922012Revenue 2013: $303,743Expenses 2013: $259,590Net Income 2013: $44,1532013Revenue 2014: $269,449Expenses 2014: $368,495Net Income 2014: -$99,0462014Revenue 2015: $266,266Expenses 2015: $296,452Net Income 2015: -$30,1862015Revenue 2016: $263,158Expenses 2016: $300,934Net Income 2016: -$37,7762016Revenue 2017: $300,760Expenses 2017: $344,457Net Income 2017: -$43,6972017Revenue 2018: $293,356Expenses 2018: $435,624Net Income 2018: -$142,2682018Revenue 2019: $300,553Expenses 2019: $239,310Net Income 2019: $61,2432019Revenue 2020: $300,081Expenses 2020: $222,619Net Income 2020: $77,4622020Revenue 2021: $285,550Expenses 2021: $282,638Net Income 2021: $2,9122021Revenue 2022: $340,905Expenses 2022: $289,534Net Income 2022: $51,3712022Revenue 2023: $362,344Expenses 2023: $466,073Net Income 2023: -$103,7292023Revenue 2024: $363,122Expenses 2024: $374,814Net Income 2024: -$11,6922024

Highlighted filing

2022

Revenue$340,905
Expenses$289,534
Net Income$51,371
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Sep 16, 2023
Return Version
2022v5.0
Gross Receipts
$340,905
Mission and Program Overview

Mission

To provide for maintenance and preservation of the properties subject to the declaration of covenants, conditions and restrictions applicable to the association.

This organization is a homeowners association so the organizations mission is to provide maintenance and preservation of the common areas which benefit the community and public at large.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,880,889$1,935,296▲ $54,407
Cash and Non-Interest-Bearing Accounts$831,863$1,720,472▲ $888,609
Savings and Temporary Cash Investments$789,920--
Accounts Receivable$11,620$7,060▼ $4,560
Prepaid Expenses and Deferred Charges$3,241$5,949▲ $2,708
Total Assets$2,008,416$2,105,253▲ $96,837
Other Assets Total$371,772$371,772→ $0
Liabilities
Other Liabilities$127,527$167,313▲ $39,786
Accounts Payable and Accrued Expenses-$2,644-
Total Liabilities$127,527$169,957▲ $42,430
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,880,889$1,935,296▲ $54,407
Total Liabilities and Net Assets / Fund Balance$2,008,416$2,105,253▲ $96,837

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$371,772--
Compensation and Service Providers
Top Officer Pay61st percentile

Board Members and Trustees

NameTitle
Clarice WomackPresident
Leonard BrunassoVice-president
Damon Smart IvDirector
Kerry ArmstrongDirector
John Shaddix JrSecretary
David RobertsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$16,765
Other Revenue
$324,140
Change in Net Assets
$51,371
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$289,534
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$0$26,320$0$26,320
Insurance$0$16,269$0$16,269
Other Expenses$0$16,004$0$16,004
All Other Expenses$0$13,569$0$13,569
Fees for Services Legal$0$10,650$0$10,650
Total Functional Expenses$0$289,534$0$289,534
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
Prepaid Assessments$128,313
Construction Deposits$39,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Filing and Contact Details

Filer

Filer Name
Montgomery Trace Property Owners Association Inc
EIN
76-0679666
Phone
8008084882
Address
C/O 4700 WEST SAM HOUSTON PKWY NORT, HOUSTON, TX 77041

Signing Officer

Name
Clarice Womack
Title
President
Phone
8008084882
Signed
2023-09-16
Discuss with paid preparer
Yes

Organization Details

Formed
1999
Legal Domicile
TX
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
11

Preparer

Firm
J and M Accounting LLC
Address
241 243rd Ave SE, Sammamish, WA 98074
Preparer
Jennifer Watkins EA
Phone
4258448561
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

“Classes of members or stockholders: the members are homeowners”

Pt VI, Line 7A

“Election of members and their rights: the members elect all volunteer board members”

Pt VI, Line 7B

“Decisions subject to approval of members: homeowner members elect all volunteer board members”

Pt VI, Line 11B

“Organization's process to review form 990: the return is prepared and presented to the board and reviewed by the board prior to mailing into the irs.”

Pt VI, Line 18

“No public disclosure explanation: all governing documents are avaiable to the homeowners upon request”

Pt VI, Line 19

“Governing documents disclosure explanation: no documents available to the public”

Raw XML Appendix342 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/ExplanationTxt0CLASSES OF MEMBERS OR STOCKHOLDERS: THE MEMBERS ARE HOMEOWNERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ELECTION OF MEMBERS AND THEIR RIGHTS: THE MEMBERS ELECT ALL VOLUNTEER BOARD MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DECISIONS SUBJECT TO APPROVAL OF MEMBERS: HOMEOWNER MEMBERS ELECT ALL VOLUNTEER BOARD MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ORGANIZATION'S PROCESS TO REVIEW FORM 990: THE RETURN IS PREPARED AND PRESENTED TO THE BOARD AND REVIEWED BY THE BOARD PRIOR TO MAILING INTO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO PUBLIC DISCLOSURE EXPLANATION: ALL GOVERNING DOCUMENTS ARE AVAIABLE TO THE HOMEOWNERS UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS DISCLOSURE EXPLANATION: NO DOCUMENTS AVAILABLE TO THE PUBLIC
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IRS990/SubjectToProxyTaxInd0true
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt02105253
IRS990/TotalAssetsGrp/BOYAmt02008416
IRS990/TotalAssetsGrp/EOYAmt02105253
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0289534
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0289534
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0127527
IRS990/TotalLiabilitiesEOYAmt0169957
IRS990/TotalLiabilitiesGrp/BOYAmt0127527
IRS990/TotalLiabilitiesGrp/EOYAmt0169957
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01880889
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IRS990/TotalProgramServiceExpensesAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0340905
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0340905
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02008416
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02105253
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0C/O 1225 ALMA RD STE 100
IRS990/USAddress/CityNm0RICHARDSON
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd075081
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CLARICE WOMACK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08008084882
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-09-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MONTGOMERY TRACE PROPERTY OWNERS ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0MONT
ReturnHeader/Filer/EIN0760679666
ReturnHeader/Filer/PhoneNum08008084882
ReturnHeader/Filer/USAddress/AddressLine1Txt0C/O 4700 WEST SAM HOUSTON PKWY NORT
ReturnHeader/Filer/USAddress/CityNm0HOUSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077041
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0872806835
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0J and M Accounting LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0241 243rd Ave SE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Sammamish
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd098074
ReturnHeader/PreparerPersonGrp/PhoneNum04258448561
ReturnHeader/PreparerPersonGrp/PreparationDt02023-10-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jennifer Watkins EA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-10-16T23:06:14-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CLARICE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WOMACK
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,105,253
Liabilities
$169,957
Net assets
$1,935,296
Revenue
$340,905
Expenses
$289,534
Net income
$51,371
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.01$0.20$1.81$0.36$0.37$0.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.98$0.14$1.83$0.36$0.47$0.10
2022Detailed filing. Detailed filing data is available for this year.$2.11$0.17$1.94$0.34$0.29$0.05
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.04$0.16$1.88$0.29$0.28$0.00
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.01$0.13$1.88$0.30$0.22$0.08
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.96$0.15$1.80$0.30$0.24$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.87$0.13$1.74$0.29$0.44$0.14
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.01$0.12$1.88$0.30$0.34$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.08$0.15$1.93$0.26$0.30$0.04
2015Detailed filing. Detailed filing data is available for this year.$2.09$0.12$1.97$0.27$0.30$0.03
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.15$0.15$2.00$0.27$0.37$0.10
2013Detailed filing. Detailed filing data is available for this year.$2.22$0.12$2.10$0.30$0.26$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.17$0.12$2.05$0.37
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.16$0.11$2.05$0.24
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.11$0.12$1.99$0.29