Civic Intelligence

Freeport Southwest Owners Assn Inc

EIN 76-0686544 • 501(c)4 • Houston, TX

Profile

Maintenance of common property

1330 Enclave Parkway Ste 425Houston, TX 77077
Siviq Scores

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

Liabilities / Assets

73rd percentile

0.05x

Higher debt load relative to assets than 73% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

83rd percentile

0.16x

Higher debt load relative to revenue than 83% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2025

Net Margin

66th percentile

11%

Higher net margin than 66% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2025

Top Officer Pay

89th percentile

$0

Higher top officer pay than 89% of similar nonprofits.

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

501(c)4 • <$500k nonprofits • Source year 2025

Asset Growth

66th percentile

5.5%

Faster asset growth than 66% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

62nd percentile

5.9%

Faster revenue growth than 62% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Up

$215,496

Up $11,111 (+5.4%) from 2023

Liabilities

Up

$7,682

Up $7,682 from 2023

Net Assets

Up

$207,814

Up $3,429 (+1.7%) from 2023

Operations
Liabilities / Revenue83rd percentileNet Margin66th percentile

Revenue

Up

$68,255

Up $8,937 (+15%) from 2023

Expenses

Up

$59,488

Up $2,023 (+3.5%) from 2023

Net Income

Up

$8,767

Up $6,914 (+373%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth66th percentile

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

$300K$200K$100K$0Assets 2018: $109,649Liabilities 2018: $135Net Assets 2018: $109,5142018Assets 2019: $138,990Liabilities 2019: $0Net Assets 2019: $138,9902019Assets 2020: $185,705Liabilities 2020: $20,041Net Assets 2020: $165,6642020Assets 2021: $186,281Liabilities 2021: $0Net Assets 2021: $186,2812021Assets 2022: $200,416Liabilities 2022: $3,224Net Assets 2022: $197,1922022Assets 2023: $204,385Liabilities 2023: $0Net Assets 2023: $204,3852023Assets 2024: $215,496Liabilities 2024: $7,682Net Assets 2024: $207,8142024

Highlighted filing

2024

Assets$215,496
Liabilities$7,682
Net Assets$207,814
Open 2024 Filing

Operations Trend

Revenue Growth62nd percentile

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

$80K$60K$40K$20K$0Revenue 2018: $62,438Expenses 2018: $51,902Net Income 2018: $10,5362018Revenue 2019: $66,846Expenses 2019: $45,674Net Income 2019: $21,1722019Revenue 2020: $69,100Expenses 2020: $40,380Net Income 2020: $28,7202020Revenue 2021: $64,466Expenses 2021: $43,849Net Income 2021: $20,6172021Revenue 2022: $57,503Expenses 2022: $46,410Net Income 2022: $11,0932022Revenue 2023: $59,318Expenses 2023: $57,465Net Income 2023: $1,8532023Revenue 2024: $68,255Expenses 2024: $59,488Net Income 2024: $8,7672024

Highlighted filing

2024

Revenue$68,255
Expenses$59,488
Net Income$8,767
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$215,496
Liabilities
$7,682
Net assets
$207,814
Revenue
$68,255
Expenses
$59,488
Net income
$8,767
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.15$0.08$2.08$0.68$0.59$0.09
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.04$0.00$2.04$0.59$0.57$0.02
2022Detailed filing. Detailed filing data is available for this year.$2.00$0.03$1.97$0.58$0.46$0.11
2021Detailed filing. Detailed filing data is available for this year.$1.86$0.00$1.86$0.64$0.44$0.21
2020Detailed filing. Detailed filing data is available for this year.$1.86$0.20$1.66$0.69$0.40$0.29
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.39$0.00$1.39$0.67$0.46$0.21
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.10$0.00$1.10$0.62$0.52$0.11
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 30, 2025
Return Version
2024v5.2
Gross Receipts
$68,255
Mission and Program Overview

Mission

Maintenance of common property

Program Services

DescriptionGrantsExpenses
TO PRESERVE AND MAINTAIN THE COMMON AREA PROPERTY OF THE ASSOCIATION AND COMMUNITY AT LARGE-$0
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
BRADLEY FREELSPresident-$0--
Filing and Contact Details

Filer

Filer Name
Freeport Southwest Owners Assn Inc
EIN
76-0686544
In Care Of
% BRADLEY FREELS
Phone
7139321122
Address
1330 ENCLAVE PARKWAY STE 425, Houston, TX 77077

Signing Officer

Name
Bradley Freels
Title
Director
Phone
7139321122
Signed
2025-09-30
Discuss with paid preparer
No

Preparer

Firm
Elaine W Combs CPA
Address
P O BOX 148, Hungerford, TX 77448
Preparer
Elaine Combs
Phone
2814136593
Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

“Description AmountINSURANCE 20,820”

Other changes in net assets or fund balances Part I line 20

“Description AmountPRIOR YEAR ADJUSTMENT (5,338)”

Description of other assets Part II line 24

“Category Beginning of Year End of YearACCOUNT RECEIVABLE 33,854 48,052PREPAID EXPENSE CAIS 280 0”

Description of total liabilities Part II line 26

“Category Beginning of Year End of YearPREPAID ASSESSMENT 0 7,682”

Raw XML Appendix102 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/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0FIRST SERVICE RESIDENTIAL
IRS990EZ/BooksInCareOfDetail/PhoneNum07139321122
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt01330 ENCLAVE PARKWAY STE 425
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Houston
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd077077
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0170251
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0167444
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt08767
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt017969
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0204385
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0215496
IRS990EZ/GrossReceiptsAmt068255
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt05264
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt062991
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0204385
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0207814
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0204385
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0207814
IRS990EZ/OccupancyRentUtltsAndMaintAmt020187
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt03.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0BRADLEY FREELS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt034134
IRS990EZ/OtherAssetsTotalDetail/EOYAmt048052
IRS990EZ/OtherChangesInNetAssetsAmt0-5338
IRS990EZ/OtherExpensesTotalAmt020820
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0MAINTENANCE OF COMMON PROPERTY
IRS990EZ/PrintingPublicationsPostageAmt0512
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TO PRESERVE AND MAINTAIN THE COMMON AREA PROPERTY OF THE ASSOCIATION AND COMMUNITY AT LARGE
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt07682
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt059488
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt068255
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description AmountINSURANCE 20,820
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description AmountPRIOR YEAR ADJUSTMENT (5,338)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Category Beginning of Year End of YearACCOUNT RECEIVABLE 33,854 48,052PREPAID EXPENSE CAIS 280 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Category Beginning of Year End of YearPREPAID ASSESSMENT 0 7,682
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other changes in net assets or fund balances Part I line 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of other assets Part II line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Description of total liabilities Part II line 26
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0BRADLEY FREELS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07139321122
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-09-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FREEPORT SOUTHWEST OWNERS ASSN INC
ReturnHeader/Filer/BusinessNameControlTxt0FREE
ReturnHeader/Filer/EIN0760686544
ReturnHeader/Filer/InCareOfNm0% BRADLEY FREELS
ReturnHeader/Filer/PhoneNum07139321122
ReturnHeader/Filer/USAddress/AddressLine1Txt01330 ENCLAVE PARKWAY STE 425
ReturnHeader/Filer/USAddress/CityNm0Houston
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077077
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0760371271
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ELAINE W COMBS CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0P O BOX 148
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Hungerford
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077448
ReturnHeader/PreparerPersonGrp/PhoneNum02814136593
ReturnHeader/PreparerPersonGrp/PreparationDt02025-10-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ELAINE COMBS
ReturnHeader/ReturnTs02025-10-28T15:06:57-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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