Lakes Of Magnolia Homeowners Assoc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 204568359 ✦ San antonio, TX ✦ Designated as a 501(c)(4)

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Overview

What is Lakes Of Magnolia Homeowners Assoc?

The Lakes of Magnolia Homeowners Association is a nonprofit organization that plays a vital role in its community by preserving and maintaining the shared facilities, known as common elements. Beyond this essential task, they also encourage community involvement by organizing a variety of programs. These initiatives foster a sense of belonging and enhance the overall quality of life for the community members.

Is Lakes Of Magnolia Homeowners Assoc legitimate?

Lakes Of Magnolia Homeowners Assoc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Lakes Of Magnolia Homeowners Assoc submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Lakes Of Magnolia Homeowners Assoc?

The Lakes of Magnolia Homeowners Association is committed to preserving and maintaining the shared facilities within the community. Beyond this, they foster a sense of community engagement by implementing various programs. One of their key initiatives involves the upkeep of these common elements. Their broader goal is to encourage community involvement and connection through these initiatives.

What is the revenue of Lakes Of Magnolia Homeowners Assoc?

Lakes Of Magnolia Homeowners Assoc's revenue in 2023 was $108,099.

Who are the executives of Lakes Of Magnolia Homeowners Assoc and what are their salaries?

Here are 5 key members and their salaries:


Amy Ivey (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Craig Townsend (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Taylor Allen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Walker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rachel Holcombe (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Lakes Of Magnolia Homeowners Assoc?

Lakes Of Magnolia Homeowners Assoc's most recent form 990EZ was submitted in 2023 and can be accessed here.

Mission Statement of Lakes Of Magnolia Homeowners Assoc

The Lakes of Magnolia Homeowners Association, in its mission, works diligently to preserve and maintain the shared facilities within the community. Beyond this, the association actively encourages community involvement by organizing various programs. One of these programs involves the upkeep of the common elements, thereby contributing to a harmonious and well-maintained environment for all residents.

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Impact




October, 2024

The Lakes of Magnolia Homeowners Association plays a crucial role in enhancing the quality of life for residents in the community. By preserving and maintaining common elements, the association ensures that shared spaces are kept in good condition, contributing to the overall aesthetic and functionality of the neighborhood. This maintenance fosters a sense of pride among residents and enhances property values.

Additionally, the association promotes community engagement through various programs, encouraging residents to participate in activities that strengthen neighborhood bonds. By facilitating events and initiatives that bring residents together, the association helps build a strong sense of community, making Lakes of Magnolia not just a place to live, but a vibrant and connected environment. Overall, their efforts lead to improved living conditions, heightened community spirit, and a welcoming atmosphere for current and prospective residents.




This information is meant to be a general summary of Lakes Of Magnolia Homeowners Assoc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$108,099 (2023)
20162017201820192020202120222023$0$45,000$90,000$135k$180k
Expenses
$115,357 (2023)
20162017201820192020202120222023$0$35,000$70,000$105k$140k
Efficiency
201620172018201920202021202220230%0.2%0.4%0.6%0.8%1%

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $254
  • Program Service Revenue: $5,295
  • Gross Receipts: $108,099

Assets and Liabilities:

  • Total Assets: $221,971
  • Total Liabilities: $51,392
  • Net Assets: $170,579

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Organization Details

Principal Officer

Amy Ivey

Main Address

17319 SAN PEDRO AVE SUITE 318, SAN ANTONIO, TX, 78232

NTEE Category

Code: L50 - Housing

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