Civic Intelligence

Lakemont Community Association Inc

990 • Fiscal year 2016 • EIN 80-0060310

Jan 01, 2016 to Dec 31, 2016 • Filed on Mar 26, 2017

Organization Profilewww.lakemontcommunity.com
P O Box 219320Houston, TX 77218

(281) 579-0761

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.28x

Higher debt load relative to assets than 72% of similar nonprofits.

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

Liabilities / Revenue

60th percentile

0.25x

Higher debt load relative to revenue than 60% of similar nonprofits.

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

Net Margin

44th percentile

4.2%

Higher net margin than 44% 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

31st percentile

-1.8%

Faster asset growth than 31% of similar nonprofits.

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

Revenue Growth

57th percentile

3.6%

Faster revenue growth than 57% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Down

$1,511,129

Down $28,026 (-1.8%) from 2015

Net Assets

Up

$1,092,852

Up $72,938 (+7.2%) from 2015

Liabilities

Down

$418,277

Down $100,964 (-19%) from 2015

Revenue And Expenses
Liabilities / Revenue60th percentileNet Margin44th percentile

Revenue

Up

$1,696,608

Up $58,701 (+3.6%) from 2015

Expenses

Up

$1,625,005

Up $4,607 (+0.3%) from 2015

Net Income

Up

$71,603

Up $54,094 (+309%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth31st percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $803,580Liabilities 2011: $564,559Net Assets 2011: $239,0212011Assets 2012: $849,414Liabilities 2012: $350,752Net Assets 2012: $498,6622012Assets 2013: $1,204,929Liabilities 2013: $430,864Net Assets 2013: $774,0652013Assets 2014: $1,429,890Liabilities 2014: $429,670Net Assets 2014: $1,000,2202014Assets 2015: $1,539,155Liabilities 2015: $519,241Net Assets 2015: $1,019,9142015Assets 2016: $1,511,129Liabilities 2016: $418,277Net Assets 2016: $1,092,8522016Assets 2017: $1,761,612Liabilities 2017: $384,649Net Assets 2017: $1,376,9632017Assets 2018: $2,162,177Liabilities 2018: $547,087Net Assets 2018: $1,615,0902018Assets 2019: $2,575,165Liabilities 2019: $607,596Net Assets 2019: $1,967,5692019Assets 2020: $2,743,118Liabilities 2020: $484,932Net Assets 2020: $2,258,1862020Assets 2021: $3,013,372Liabilities 2021: $607,562Net Assets 2021: $2,405,8102021Assets 2022: $2,950,553Liabilities 2022: $609,554Net Assets 2022: $2,340,9992022Assets 2023: $2,272,718Liabilities 2023: $506,187Net Assets 2023: $1,766,5312023Assets 2024: $2,347,015Liabilities 2024: $555,581Net Assets 2024: $1,791,4342024

Highlighted filing

2016

Assets$1,511,129
Liabilities$418,277
Net Assets$1,092,852
Open 2016 Filing

Operations Trend

Revenue Growth57th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,207,296Expenses 2011: $1,149,529Net Income 2011: $57,7672011Revenue 2012: $1,373,348Expenses 2012: $1,113,707Net Income 2012: $259,6412012Revenue 2013: $1,567,604Expenses 2013: $1,291,193Net Income 2013: $276,4112013Revenue 2014: $1,617,730Expenses 2014: $1,391,575Net Income 2014: $226,1552014Revenue 2015: $1,637,907Expenses 2015: $1,620,398Net Income 2015: $17,5092015Revenue 2016: $1,696,608Expenses 2016: $1,625,005Net Income 2016: $71,6032016Revenue 2017: $1,877,373Expenses 2017: $1,875,509Net Income 2017: $1,8642017Revenue 2018: $2,001,954Expenses 2018: $1,719,302Net Income 2018: $282,6522018Revenue 2019: $1,663,253Expenses 2019: $1,650,783Net Income 2019: $12,4702019Revenue 2020: $1,905,135Expenses 2020: $1,579,304Net Income 2020: $325,8312020Revenue 2021: $1,880,532Expenses 2021: $1,732,908Net Income 2021: $147,6242021Revenue 2022: $1,882,252Expenses 2022: $1,940,183Net Income 2022: -$57,9312022Revenue 2023: $1,736,666Expenses 2023: $2,304,348Net Income 2023: -$567,6822023Revenue 2024: $2,082,968Expenses 2024: $2,043,940Net Income 2024: $39,0282024

Highlighted filing

2016

Revenue$1,696,608
Expenses$1,625,005
Net Income$71,603
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Mar 26, 2017
Return Version
2016v3.0
Gross Receipts
$1,696,608
Mission and Program Overview

Mission

Civic and social welfare organization - promoting the common good and general welfare of the public and community through the maintenance and management of the association and the property, providing services to the community at large

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,114,488$758,397▼ $356,091
Savings and Temporary Cash Investments$245,411$434,116▲ $188,705
Accounts Receivable$155,933$287,750▲ $131,817
Prepaid Expenses and Deferred Charges$4,365$26,872▲ $22,507
Land, Buildings, and Equipment, Net$4,958$3,994▼ $964
Total Assets$1,539,155$1,511,129▼ $28,026
Other Assets Total$14,000--
Liabilities
Deferred Revenue$461,184$300,305▼ $160,879
Accounts Payable and Accrued Expenses$50,057$108,972▲ $58,915
Other Liabilities$8,000$9,000▲ $1,000
Total Liabilities$519,241$418,277▼ $100,964
Net Assets / Fund Balance
Unrestricted Net Assets$1,019,914$1,092,852▲ $72,938
Total Net Assets Fund Balance$1,019,914$1,092,852▲ $72,938
Total Liabilities and Net Assets / Fund Balance$1,539,155$1,511,129▼ $28,026

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,994$16,567-
Compensation and Service Providers
Top Officer Pay59th percentile

Board Members and Trustees

NameTitle
Tracy GrahamPresident
Diane PerkinsVice President
Mirna OdomDirector
Bobby KalathoorSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Landscape Management ServicesLandscapeP O BOX 35747, Houston, TX 77235$512,234
Revenue and Support

Revenue Composition

Contributions and Grants
$1,463,220
Program Service Revenue
$0
Investment Income
$860
Other Revenue
$232,528
Change in Net Assets
$71,603
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,625,005
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$1,117,746$53,368-$1,171,114
All Other Expenses$232,619$1,261-$233,880
Fees for Services Management-$80,400-$80,400
Office Expenses-$63,795-$63,795
Insurance-$35,892-$35,892
Fees for Services Accounting-$15,240-$15,240
Depreciation Depletion$964--$964
Information Technology-$887-$887
Other Expenses$3,554$190-$190
Fees for Services Legal-$-804-$-804
Total Functional Expenses$1,374,776$250,229$0$1,625,005
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
Refundable Pool Deposits$5,000
Refundable Mud Deposits$4,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes

Governance Explanations

Management duties delegation Part VI line 3

“Management and accounting”

Members or stockholder classes and rights Part VI line 6

“Homeowner association members”

Member election for additional members Part VI line 7A

“Homeowners elect a volunteer board”

Governing body decisions Part VI line 7B

“The board is responsible for all governing decisions”

Form 990 governing body review Part VI line 11

“Return provided to governing body prior to filing and reviewed by officer”

Governing documents etc available to public Part VI line 19

“Available to public upon request”

Filing and Contact Details

Filer

Filer Name
Lakemont Community Association Inc
EIN
80-0060310
Address
P O BOX 219320, Houston, TX 77218
Doing Business As
Co Crest Management Company

Signing Officer

Name
Tracy Graham
Title
President
Phone
2814136593
Signed
2017-03-26
Discuss with paid preparer
No

Organization Details

Principal Officer
Tracy Graham
Formed
2001
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
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

“Prior year audit adjustment”

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

“A list of fees for other service expenses is provided in the supplemental”

List of other expenses Part IX line 24E

“List of other expenses has been provided in the supplemental”

Raw XML Appendix352 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/ExplanationTxt1HOMEOWNER ASSOCIATION MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2HOMEOWNERS ELECT A VOLUNTEER BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD IS RESPONSIBLE FOR ALL GOVERNING DECISIONS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4RETURN PROVIDED TO GOVERNING BODY PRIOR TO FILING AND REVIEWED BY OFFICER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AVAILABLE TO PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PRIOR YEAR AUDIT ADJUSTMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7A LIST OF FEES FOR OTHER SERVICE EXPENSES IS PROVIDED IN THE SUPPLEMENTAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8LIST OF OTHER EXPENSES HAS BEEN PROVIDED IN THE SUPPLEMENTAL
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8List of other expenses Part IX line 24e
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0250229
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01374776
IRS990/TotalFunctionalExpensesGrp/TotalAmt01625005
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt0418277
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IRS990/TotalProgramServiceExpensesAmt01374776
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IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0233388
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01696608
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01539155
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01511129
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IRS990/VotingMembersIndependentCnt05
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IRS990/WrittenPolicyOrProcedureInd0false
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02814136593
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-03-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAKEMONT COMMUNITY ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0LAKE
ReturnHeader/Filer/EIN0800060310
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 219320
ReturnHeader/Filer/USAddress/CityNm0Houston
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0F516AC9873C01ADB0A3CA6143867339B4AADB3B5
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId07692062017109xduinpx
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02017-04-19
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt067.44.193.112
ReturnHeader/FilingSecurityInformation/IPDt02017-04-19
ReturnHeader/FilingSecurityInformation/IPTm009:15:44
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/PhoneNum02819705005
ReturnHeader/PreparerPersonGrp/PreparationDt02017-04-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ELAINE W COMBS
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-04-15T13:03:49-04:00
ReturnHeader/ReturnTypeCd0990
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
$1,511,129
Liabilities
$418,277
Net assets
$1,092,852
Revenue
$1,696,608
Expenses
$1,625,005
Net income
$71,603
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.35$0.56$1.79$2.08$2.04$0.04
2023Detailed filing. Detailed filing data is available for this year.$2.27$0.51$1.77$1.74$2.30$0.57
2022Detailed filing. Detailed filing data is available for this year.$2.95$0.61$2.34$1.88$1.94$0.06
2021Detailed filing. Detailed filing data is available for this year.$3.01$0.61$2.41$1.88$1.73$0.15
2020Detailed filing. Detailed filing data is available for this year.$2.74$0.48$2.26$1.91$1.58$0.33
2019Detailed filing. Detailed filing data is available for this year.$2.58$0.61$1.97$1.66$1.65$0.01
2018Detailed filing. Detailed filing data is available for this year.$2.16$0.55$1.62$2.00$1.72$0.28
2017Detailed filing. Detailed filing data is available for this year.$1.76$0.38$1.38$1.88$1.88$0.00
2016Detailed filing. Detailed filing data is available for this year.$1.51$0.42$1.09$1.70$1.63$0.07
2015Summary only. Only limited summary data is available for this year.$1.54$0.52$1.02$1.64$1.62$0.02
2014Summary only. Only limited summary data is available for this year.$1.43$0.43$1.00$1.62$1.39$0.23
2013Summary only. Only limited summary data is available for this year.$1.20$0.43$0.77$1.57$1.29$0.28
2012Summary only. Only limited summary data is available for this year.$0.85$0.35$0.50$1.37$1.11$0.26
2011Summary only. Only limited summary data is available for this year.$0.80$0.56$0.24$1.21$1.15$0.06