Civic Intelligence

Lakemont Community Association Inc

990 • Fiscal year 2024 • EIN 80-0060310

Jan 01, 2024 to Dec 31, 2024 • Filed on May 08, 2025

Organization Profilewww.lakemontcommunity.com
2825 Wilcrest Dr Suite 600Houston, TX 77042

(713) 334-8000

Siviq Scores

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

Liabilities / Assets

75th percentile

0.24x

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

2024 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

69th percentile

0.27x

Higher debt load relative to revenue than 69% of similar nonprofits.

2024 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2024

Net Margin

36th percentile

1.9%

Higher net margin than 36% of similar nonprofits.

2024 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

62nd percentile

$0

Higher top officer pay than 62% of similar nonprofits.

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

2024 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2024

Asset Growth

46th percentile

3.3%

Faster asset growth than 46% of similar nonprofits.

2024 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

66th percentile

20%

Faster revenue growth than 66% of similar nonprofits.

2024 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets75th percentile

Assets

Up

$2,347,015

Up $74,297 (+3.3%) from 2023

Net Assets

Up

$1,791,434

Up $24,903 (+1.4%) from 2023

Liabilities

Up

$555,581

Up $49,394 (+9.8%) from 2023

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin36th percentile

Revenue

Up

$2,082,968

Up $346,302 (+20%) from 2023

Expenses

Down

$2,043,940

Down $260,408 (-11%) from 2023

Net Income

Up

$39,028

Up $606,710 (+107%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth46th 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

2024

Assets$2,347,015
Liabilities$555,581
Net Assets$1,791,434
Open 2024 Filing

Operations Trend

Revenue Growth66th 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

2024

Revenue$2,082,968
Expenses$2,043,940
Net Income$39,028
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 8, 2025
Return Version
2024v5.2
Gross Receipts
$2,082,968
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

Provide welfare and security,neighborhood maintenance, recreation areas and facilties

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,766,531$1,791,434▲ $24,903
Savings and Temporary Cash Investments$1,654,780$1,593,797▼ $60,983
Cash and Non-Interest-Bearing Accounts$373,803$522,275▲ $148,472
Accounts Receivable$186,482$227,246▲ $40,764
Prepaid Expenses and Deferred Charges$57,653$3,697▼ $53,956
Total Assets$2,272,718$2,347,015▲ $74,297
Liabilities
Deferred Revenue$449,012$513,697▲ $64,685
Other Liabilities$22,855$22,355▼ $500
Accounts Payable and Accrued Expenses$34,320$19,529▼ $14,791
Total Liabilities$506,187$555,581▲ $49,394
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,766,531$1,791,434▲ $24,903
Total Liabilities and Net Assets / Fund Balance$2,272,718$2,347,015▲ $74,297
Compensation and Service Providers
Top Officer Pay62nd percentile

Board Members and Trustees

NameTitle
Angela CoyPresident
Pricilla GomezVice President
Jeffrey JosephDirector
Julia MercerSecretary
Sheria McadooTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,022,690
Investment Income
$60,278
Other Revenue
$0
Change in Net Assets
$39,028
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,043,940
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
Other Expenses$478,790$0$0$478,790
Fees for Services Management$128,999$14,333$0$143,332
Insurance$54,264$6,029$0$60,293
Office Expenses$52,047$5,783$0$57,830
Fees for Services Accounting$5,670$630$0$6,300
Total Functional Expenses$2,017,165$26,775$0$2,043,940
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
Refundable Pool/CH Deposits$18,355
Refundable MUD Deposits$4,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
Yes
Filing and Contact Details

Filer

Filer Name
Lakemont Community Association Inc
EIN
80-0060310
Phone
7133348000
Address
2825 Wilcrest Dr Suite 600, Houston, TX 77042

Signing Officer

Name
Angela Coy
Title
President
Phone
7133348000
Signed
2025-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Angela Coy
Formed
2001
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
K S Nagesh CPA Pc
Address
757 N ELDRIDGE PARKWAY SUITE 610, Houston, TX 77079
Preparer
K S Nagesh
Phone
2815849922
Supplemental Narrative

Additional Explanations

Pt VI, Line 3

“Management Delegated Management company reports to the Board of Directors.”

Pt VI, Line 6

“Classes of Members or Stockholders Each resident is considered a member.”

Pt VI, Line 7A

“Election of Members and Their Rights Residents elect the Board of Directors.”

Pt VI, Line 7B

“Decisions Subject to Approval of Members Certain major decisions must be approved by the members.”

Pt VI, Line 11B

“Organizations Process to Review Form 990 Copies of 990 are mailed or given to the Board of Directors for review.”

Pt VI, Line 19

“Governing Documents Disclosure Explanation Governing documents and financial statements are available upon request.”

Raw XML Appendix316 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
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt034320
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt019529
IRS990/AccountsReceivableGrp/BOYAmt0186482
IRS990/AccountsReceivableGrp/EOYAmt0227246
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0PROVIDE WELFARE AND SECURITY,NEIGHBORHOOD MAINTENANCE, RECREATION AREAS AND FACILTIES
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/PersonNm0GRAHAM MANAGEMENT
IRS990/BooksInCareOfDetail/PhoneNum07133348000
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02825 WILCREST DR SUITE 600
IRS990/BooksInCareOfDetail/USAddress/CityNm0Houston
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd077042
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0373803
IRS990/CashNonInterestBearingGrp/EOYAmt0522275
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt060278
IRS990/CYOtherExpensesAmt02043940
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt02022690
IRS990/CYRevenuesLessExpensesAmt039028
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt02043940
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02082968
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt0449012
IRS990/DeferredRevenueGrp/EOYAmt0513697
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/Desc0Objective 1 - To maintain trees, shrubs, flowers, and landscape in the neighborhood for the enjoyment of the community
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt01065703
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/FundraisingAmt00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt0630
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt05670
IRS990/FeesForServicesAccountingGrp/TotalAmt06300
IRS990/FeesForServicesManagementGrp/FundraisingAmt00
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt014333
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt0128999
IRS990/FeesForServicesManagementGrp/TotalAmt0143332
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt05.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt35.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt45.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0Angela Coy
IRS990/Form990PartVIISectionAGrp/PersonNm1Pricilla Gomez
IRS990/Form990PartVIISectionAGrp/PersonNm2Jeffrey Joseph
IRS990/Form990PartVIISectionAGrp/PersonNm3Julia Mercer
IRS990/Form990PartVIISectionAGrp/PersonNm4Sheria Mcadoo
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02001
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt02082968
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt05
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt06029
IRS990/InsuranceGrp/ProgramServicesAmt054264
IRS990/InsuranceGrp/TotalAmt060293
IRS990/InvestmentIncomeGrp/ExclusionAmt060278
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt060278
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROVIDE WELFARE AND SECURITY,NEIGHBORHOOD MAINTENANCE, RECREATION AREAS AND FACILITIES
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01766531
IRS990/NetAssetsOrFundBalancesEOYAmt01791434
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05783
IRS990/OfficeExpensesGrp/ProgramServicesAmt052047
IRS990/OfficeExpensesGrp/TotalAmt057830
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0Trees,Shrubs,Flowers and Landscape
IRS990/OtherExpensesGrp/Desc1Recreation Expense
IRS990/OtherExpensesGrp/Desc2Security Expense
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ProgramServicesAmt0938389
IRS990/OtherExpensesGrp/ProgramServicesAmt1359006
IRS990/OtherExpensesGrp/ProgramServicesAmt2478790
IRS990/OtherExpensesGrp/TotalAmt0938389
IRS990/OtherExpensesGrp/TotalAmt1359006
IRS990/OtherExpensesGrp/TotalAmt2478790
IRS990/OtherLiabilitiesGrp/BOYAmt022855
IRS990/OtherLiabilitiesGrp/EOYAmt022355
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt057653
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03697
IRS990/PrincipalOfficerNm0Angela Coy
IRS990/PriorPeriodAdjustmentsAmt0-14125
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531310
IRS990/ProgramServiceRevenueGrp/Desc0Program Service
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02022690
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgSrvcAccomActy2Grp/Desc0Objective 2 - To provide recreation and exercise facilities in the neighborhood for the enjoyment of the communi
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0407713
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0408830
IRS990/ProgSrvcAccomActy3Grp/Desc0Objective 3 - To provide security and welfare in the neighborhood for the protection of the community.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0543749
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0545238
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt02304348
IRS990/PYProgramServiceRevenueAmt01736666
IRS990/PYRevenuesLessExpensesAmt0-567682
IRS990/PYTotalExpensesAmt02304348
IRS990/PYTotalRevenueAmt01736666
IRS990/ReconcilationRevenueExpnssAmt039028
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01068622
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01766531
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01791434
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01654780
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01593797
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0false
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0true
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt018355
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Refundable Pool/CH Deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Refundable MUD Deposits
IRS990ScheduleD/TotalLiabilityAmt022355
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Management Delegated Management company reports to the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Classes of Members or Stockholders Each resident is considered a member.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Election of Members and Their Rights Residents elect the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Decisions Subject to Approval of Members Certain major decisions must be approved by the members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Organizations Process to Review Form 990 Copies of 990 are mailed or given to the Board of Directors for review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Governing Documents Disclosure Explanation Governing documents and financial statements are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02272718
IRS990/TotalAssetsEOYAmt02347015
IRS990/TotalAssetsGrp/BOYAmt02272718
IRS990/TotalAssetsGrp/EOYAmt02347015
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt026775
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02017165
IRS990/TotalFunctionalExpensesGrp/TotalAmt02043940
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0506187
IRS990/TotalLiabilitiesEOYAmt0555581
IRS990/TotalLiabilitiesGrp/BOYAmt0506187
IRS990/TotalLiabilitiesGrp/EOYAmt0555581
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01766531
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01791434
IRS990/TotalProgramServiceExpensesAmt02017165
IRS990/TotalProgramServiceRevenueAmt02022690
IRS990/TotalRevenueGrp/ExclusionAmt060278
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02022690
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02082968
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02272718
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02347015
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02825 Wilcrest Dr Suite 600
IRS990/USAddress/CityNm0Houston
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077042
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.lakemontcommunity.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Angela Coy
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum07133348000
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAKEMONT COMMUNITY ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0LAKE
ReturnHeader/Filer/EIN0800060310
ReturnHeader/Filer/PhoneNum07133348000
ReturnHeader/Filer/USAddress/AddressLine1Txt02825 Wilcrest Dr Suite 600
ReturnHeader/Filer/USAddress/CityNm0Houston
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077042
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0760654475
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0K S NAGESH CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0757 N ELDRIDGE PARKWAY SUITE 610
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Houston
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077079
ReturnHeader/PreparerPersonGrp/PhoneNum02815849922
ReturnHeader/PreparerPersonGrp/PreparationDt02025-09-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0K S Nagesh
ReturnHeader/ReturnTs02025-09-26T09:57:10-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$2,347,015
Liabilities
$555,581
Net assets
$1,791,434
Revenue
$2,082,968
Expenses
$2,043,940
Net income
$39,028
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