Woodlands Community Association Inc in The Woodlands, Texas (TX)

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Woodlands Community Association Inc
Employer Identification Number (EIN)237321060
Name of OrganizationWoodlands Community Association Inc
In Care of NameReal Estate Corp Tax
AddressPO BOX 7859, The Woodlands, TX 77387-7859
ActivitiesHomeowners association, Community recreational facilities (park, playground, etc), Community promotion
SubsectionSocial Welfare Organization
Ruling Date09/1976
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2009
Assets$1,000,000 to $4,999,999
Income$5,000,000 to $9,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$1,564,277
Amount of Income$8,324,931
Form 990 Revenue Amount$8,324,931
National Taxonomy of Exempt Entities (NTEE)Housing, Shelter: Housing Owners, Renters Organizations


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Amount of income in 2009: $8,324,931
This organization: 

 $8,324,931
Other organizations performing similar types of work: 

 $744,751

Assets in 2009: $1,564,277
This organization: 

 $1,564,277
Other organizations performing similar types of work: 

 $1,484,257

Expenses in 2007: $17,060,788
Woodlands Community Association Inc: 

 $17,060,788
Other organizations performing similar types of work: 

 $715,721

Income to expenses ratio in 2007: 1.0
Woodlands Community Association Inc: 

 1.0
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2007: 61.1%
This organization: 

 61.1%
Other organizations performing similar types of work: 

 70.0%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$14,137,592$15,142,193$16,218,692$17,441,716$16,857,992$17,841,376$17,410,351$16,853,645
Contributions, gifts, grants, and similar amounts received$26,278$200,000$502,669$982,812$410,868$1,031,230$40,292$0
Contributions to donor advised funds$0$0
Direct public support$26,278$200,000$502,669$982,812$410,868$1,031,230$40,292$0
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$786,924$811,980$664,232$711,549$672,709$800,225$844,971$935,086
Membership dues and assessments$12,483,568$13,132,576$14,622,357$15,192,596$15,461,002$15,569,258$15,812,401$15,184,841
Interest on savings and temporary cash investments$840,822$997,637$343,153$300,244$204,078$419,850$717,528$716,986
Dividends and interest from securities$0$0$0$0$0$0$0$0
Net rental income or (loss)$0$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$86,281$0$0$20,813$-4,841$16,732
Gross amount from sales of assets other than inventory$0$0$86,281$0$0$22,676$0$16,732
Less: cost or other basis and sales expenses$0$0$0$0$0$1,863$4,841$0
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$0$0$0$254,515$109,335$0$0$0
Total expenses$13,038,127$14,174,476$14,679,902$15,635,310$15,676,295$15,904,089$16,899,022$17,060,788
Program services$7,805,305$8,494,683$9,032,857$9,646,160$9,817,044$10,041,873$10,068,811$10,420,798
Management and general$1,189,031$1,165,589$1,173,489$1,169,196$1,241,631$1,351,936$1,559,007$1,386,290
Fundraising$0$0$0$0$0$0$0$0
Payments to affiliates$4,043,791$4,514,204$4,473,556$4,819,954$4,617,620$4,510,280$5,271,204$5,253,700
Net assets or fund balances at end of year$22,304,738$23,272,455$24,811,245$26,617,651$27,746,059$29,710,868$30,245,083$30,069,118
Excess or (deficit) for the year$1,099,465$967,717$1,538,790$1,806,406$1,181,697$1,937,287$511,329$-207,143
Net assets or fund balances at beginning of year$21,205,273$22,304,738$23,272,455$24,811,245$26,617,651$27,746,059$29,710,868$30,245,083
Other changes in net assets or fund balances$0$0$0$0$-53,289$27,522$22,886$31,178
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$11,807,088$10,420,798$1,386,290$0
Grants paid from donor advised funds$0
Other grants and allocations$34,100
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$11,321$0$11,321$0
Legal fees$92,476$24,870$67,606$0
Supplies$39,858$39,858$0$0
Telephone$16,511$16,511$0$0
Postage and shipping$0$0$0$0
Occupancy$4,883,518$4,883,518$0$0
Equipment rental and maintenance$34,147$34,147$0$0
Printing and publications$9,739$1,646$8,093$0
Travel$0$0$0$0
Conferences, conventions, and meetings$18,855$1,459$17,396$0
Interest$0$0$0$0
Depreciation, depletion, etc.$1,536,544$1,468,860$67,684$0
Other expenses not covered above$5,130,019$3,915,829$1,214,190$0
Balance Sheets
20002001200220032004200520062007
Total assets$38,072,030$40,237,512$42,361,441$44,115,985$45,561,627$47,594,841$46,256,504$36,584,220
Cash - non-interest-bearing$0$0$0$0$0$0$0$0
Savings and temporary cash investments$8,942,314$13,877,845$14,886,467$13,604,277$7,716,760$8,676,531$7,982,042$8,928,896
Accounts receivable less allowance for doubtful accounts$10,280,825$10,490,951$10,721,634$12,115,112$12,189,189$13,291,793$12,512,441$8,453,220
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$2,839,165$0$0$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$57,642$60,480$71,944$89,013$96,201$101,459$130,217$122,416
Investments - publicly-traded securities$7,770,289$1,348,685
Investments - other securities$0$0$0$1,453,776$8,061,701$7,176,257$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$15,952,084$15,808,236$16,681,396$16,853,807$17,497,776$18,348,801$17,861,515$17,731,003
Other assets, including program-related investments$0$0$0$0$0$0$0$0
Total liabilities$15,767,292$16,965,057$17,550,196$17,498,334$17,815,568$17,883,973$16,011,421$6,515,102
Accounts payable and accrued expenses$1,140,942$903,832$933,260$694,701$940,398$826,385$808,201$1,132,286
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$13,147,183$14,632,058$15,237,769$15,474,466$15,596,004$15,828,208$15,203,220$5,382,816
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$1,479,167$1,429,167$1,379,167$1,329,167$1,279,166$1,229,380$0$0
Other liabilities$0$0$0$0$0$0$0$0
Total liabilities and net assets/fund balances$38,072,030$40,237,512$42,361,441$44,115,985$45,561,627$47,594,841$46,256,504$36,584,220
Total net assets or fund balances$22,304,738$23,272,455$24,811,245$26,617,651$27,746,059$29,710,868$30,245,083$30,069,118
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$14,137,592$15,142,193$16,218,692$17,441,716$16,857,992$17,841,376$17,410,351$16,853,645
Total revenue, gains, and other support per audited financial statements$14,137,592$15,142,193$16,218,692$17,441,716$16,804,703$17,868,898$17,433,237$16,884,823
Other expenses$0$0$0$0$-53,289$27,522$22,886$31,178
Net unrealized gains on investments$0$0$0$0$-53,289$27,522$22,886$31,178
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$13,038,127$14,174,476$14,679,902$15,635,310$15,676,295$15,904,089$16,899,022$17,060,788
Total expenses and losses per audited financial statements$13,038,127$14,174,476$14,679,902$15,635,310$15,676,295$15,904,089$16,899,022$17,060,788
Other revenue$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings13
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?Yes
Did the organization make only in-house lobbying expenditures of $2,000 or less?No
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?No
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$733,718$16,119,927
Program service revenue
Program service revenue 1000000$000$0$132,399
Program service revenue 2000000$000$0$127,317
Program service revenue 3000000$000$0$264,303
Program service revenue 4000000$000$0$224,233
Program service revenue 5000000$000$0$186,834
000000$000$0$132,399
000000$000$0$127,317
000000$000$0$264,303
000000$000$0$224,233
000000$000$0$6,000
000000$000$0$180,834
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$15,184,841
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$716,986$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$16,732$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it is
Support Schedule
19992000200120022003200420052006
Total$0$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Reston Association12001 Sunrise Valey Dr, Reston, VA 20191-3450VA1970-11$25,049,718
2Woodlands Association IncPO BOX 7859, The Woodlands, TX 77387-7859TX1996-02$22,200,077
3Woodlands Community Association IncPO BOX 7859, The Woodlands, TX 77387-7859TX1976-09$8,324,931
4New Property Owners Association Of Newport Inc2102 Country Club Dr, Crosby, TX 77532-5056TX1997-08$1,953,888
5Stone Oak Property Owners Association Inc19210 Huebner Rd Ste 100, San Antonio, TX 78258-3103TX1987-08$1,770,720
6Cypressdale C I A9802 Fm 1960 Bypass Rd W Ste 210, Humble, TX 77338-3529TX1994-02$258,840
7West Oak Creek Home Owners Association IncPO BOX 177, League City, TX 77574-0177TX1993-11$142,287
8Peninsula At Twin Coves Homeowners Association IncPO BOX 271174, Flower Mound, TX 75027-1174TX1997-03$43,314
9Long Meadow Farms Community Association Inc5295 Hollister St, Houston, TX 77040-6205TX2007-03$1,666,346
10Preston Hollow North Homeowners Association IncPO BOX 670612, Dallas, TX 75367-0612TX1999-07$356,963
11Thompson Springs Homeowners Association IncPO BOX 1567, Allen, TX 75013-0026TX2008-04$50,813
12Willow Creek Homeowners AssociationPo Box 870, West Chicago, IL 60185IL1999-10$42,645
13Crests Neighborhood Association433 North Camden Drive Suite 888, Beverly Hills, CA 90210CA2008-04$0
14Eastwood Homeowners AssociationPO BOX 38433, Dallas, TX 75238-0433TX1999-06$0
15Elloway Oaks Homeowners Association113 Elloway Oaks Drive, Chehalis, WA 98532WA2008-04$0
16Expanding Futures218 E 7615 S, Midvale, UT 84047-2626UT2007-06$0
17Lakeway Section Clusters 28-Iii Property Owners Association Inc135 Carefree Cir, Austin, TX 78734-4620TX2000-10$0
18Ortega Hills Community Association7401 Greenway Dr, Jacksonville, FL 32244-4751FL1999-10$0
19White Pine Property Owners Association Inc437 True Hickory Dr, Rochester, NY 14615-1321NY2004-05$0
20Woodcrest Homeowners Association2011 Featherstone Drive, Duluth, MN 55803MN2000-09$0
Number of organizations performing similar types of work
Arkansas2
Arizona3
California18
Colorado2
Florida4
Georgia2
Hawaii1
Iowa1
Illinois3
Indiana2
Kansas3
Kentucky1
Massachusetts3
Maryland3
Maine1
Michigan1
Minnesota1
Missouri1
North Carolina1
New Hampshire1
New Jersey5
New York2
Oklahoma1
Oregon1
Pennsylvania6
Rhode Island1
South Carolina2
Texas12
Utah1
Virginia6
Washington2
Wisconsin1
West Virginia2
Wyoming1
Total97

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