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Woodforest Owners Association Inc

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

EIN: 263727426 ✦ Houston, TX ✦ Designated as a 501(c)(4)

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Overview

What is Woodforest Owners Association Inc?

Woodforest Owners Association Inc is a nonprofit organization based in Houston, Texas, specifically at 1330 Enclave Pkwy STE 425. Their primary mission is to ensure the maintenance and preservation of the common areas within their designated communities. This includes tasks such as landscaping, managing utilities, handling insurance matters, and overseeing recreational facilities. The association's ultimate goal is to ensure the safety, well-being, and enjoyment of the property owners and visitors in these communities.

Is Woodforest Owners Association Inc legitimate?

Woodforest Owners Association Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Woodforest Owners Association Inc submitted a form 990, 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 Woodforest Owners Association Inc?

Woodforest Owners Association Inc's mission is centered around maintaining and preserving the common areas and any subsequent additions within the community. This is done for the benefit and welfare of the property owners and visitors. The association takes responsibility for performing all necessary maintenance and improvements, including landscaping, utilities, insurance, and recreational facilities. Their goal is to ensure the safety, comfort, and enjoyment of the community members and visitors.

Who is the CEO of Woodforest Owners Association Inc?

Terry Reese is the Secretary of Woodforest Owners Association Inc.

What is the revenue of Woodforest Owners Association Inc?

Woodforest Owners Association Inc's revenue in 2022 was $8,572,714.

Who are the executives of Woodforest Owners Association Inc and what are their salaries?

There 5 volunteers at Woodforest Owners Association Inc.


Here are 5 key members and their salaries:


Christopher Leblanc (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Katie Ivanics (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Virgil Yoakum (Presidentdeveloper)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Reese (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Barrera (Vice Prestreasurer Dev)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Woodforest Owners Association Inc?

Woodforest Owners Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Woodforest Owners Association Inc

Woodforest Owners Association Inc is dedicated to maintaining and preserving all common areas and any subsequent additions within its communities. This mission is designed to enhance the benefit and welfare of the property owners and visitors who frequent these spaces. The association is responsible for carrying out all necessary maintenance tasks, improvements, and upgrades to these common areas. These tasks may include landscaping, utility work, insurance management, and the maintenance of recreational facilities. By ensuring the safety, welfare, and benefit of the community members, Woodforest Owners Association Inc plays a crucial role in creating a welcoming and enjoyable environment for all.

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Impact




October, 2024

Woodforest Owners Association Inc significantly contributes to the quality of life within the community by maintaining and preserving all common areas, which enhances the overall living experience for both residents and visitors. Through meticulous landscaping, upkeep of utilities, and insurance management, they ensure that these communal spaces are safe, visually appealing, and functional.

The association's efforts extend to recreational areas, providing environments where families and individuals can gather and engage in leisure activities. By focusing on the welfare of the community, Woodforest Owners Association Inc fosters a sense of belonging and pride among residents, ultimately enriching the neighborhood's social fabric. Their commitment to maintaining these spaces benefits everyone, creating a welcoming atmosphere for all who visit or reside in the area.




This information is meant to be a general summary of Woodforest Owners Association Inc. 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
$8,572,714 (2022)
Expenses
$6,852,941 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $12,242
  • Program Service Revenue: $5,783,630
  • Gross Receipts: $8,572,714

Assets and Liabilities:

  • Total Assets: $7,440,956
  • Total Liabilities: $2,408,065
  • Net Assets: $5,032,891

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Regular assessments

Revenue

$5,344,675

Bonterra assessment

Revenue

$438,955

Organization Details

Founding Year

2008

Principal Officer

Terry Reese

Main Address

1330 Enclave Pkwy STE 425, Houston, TX, 770772814

NTEE Category

Code: L50 - Housing

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