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Towne Lake Community Association Inc

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

EIN: 320179715 ✦ Cypress, TX ✦ Designated as a 501(c)(4)

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Overview

What is Towne Lake Community Association Inc?

Towne Lake Community Association Inc, based in Cypress, Texas, serves as a vital nonprofit organization for its community. Their primary focus is on ensuring the safety and well-being of the area, providing security and law enforcement services. They also take care of essential infrastructure, such as maintaining street lights and overseeing architectural zoning. Beyond physical facilities, they are responsible for preserving and enhancing the common areas, including esplanades, lakes, parks, playgrounds, and swimming pools, for the entire community's enjoyment. Their mission is to create an environment that benefits everyone living in the Towne Lake community.

Is Towne Lake Community Association Inc legitimate?

Towne Lake Community Association Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Towne Lake Community 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 Towne Lake Community Association Inc?

The Towne Lake Community Association Inc's mission is to ensure the well-being and enhancement of its community. This is achieved through the provision of security and law enforcement, the upkeep of architectural standards, and the maintenance of common areas such as esplanades, lakes, parks, playgrounds, and swimming pools. The ultimate goal is to create a beneficial environment for the entire community, enhancing its overall quality of life.

Who is the CEO of Towne Lake Community Association Inc?

Michael Crahan is the President of Towne Lake Community Association Inc.

What is the revenue of Towne Lake Community Association Inc?

Towne Lake Community Association Inc's revenue in 2022 was $7,527,737.

Who are the executives of Towne Lake Community Association Inc and what are their salaries?

There 5 volunteers at Towne Lake Community Association Inc.


Here are 5 key members and their salaries:


Michael Crahan (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fred Caldwell (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Christopher (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alissa Faircloth (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Collier (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Towne Lake Community Association Inc?

Towne Lake Community Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Towne Lake Community Association Inc

Towne Lake Community Association Inc is dedicated to enhancing the well-being of its entire community. This nonprofit organization plays a significant role in ensuring security, law enforcement, and maintaining the aesthetic appeal of the common areas. These areas include the esplanades, lakes, parks, playgrounds, and swimming pools. By providing these essential services, Towne Lake Community Association Inc strives to create a cohesive and attractive environment for its community members. Moreover, the organization is responsible for implementing architectural zoning regulations, ensuring that the community's aesthetics and structural integrity remain consistent and uphold high standards.

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Impact




October, 2024

Towne Lake Community Association Inc plays a vital role in enhancing the quality of life for residents in Cypress, TX. By providing essential services such as security and law enforcement, the association fosters a safe and secure environment for the community. The maintenance of common areas, including esplanades, lakes, parks, playgrounds, and the swimming pool, ensures that residents have access to well-kept recreational spaces. This not only promotes a sense of community but also encourages outdoor activities and a healthy lifestyle.

Additionally, the architectural zoning services help maintain the aesthetic appeal and harmony of the neighborhood, which can contribute to property values. The presence of street lights further enhances safety and accessibility, encouraging community engagement and interaction. Together, these efforts significantly enrich the community, making Towne Lake a desirable place to live, work, and play.




This information is meant to be a general summary of Towne Lake Community 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
$7,527,737 (2022)
Expenses
$7,650,818 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $17,025
  • Program Service Revenue: $7,220,939
  • Gross Receipts: $7,527,737

Assets and Liabilities:

  • Total Assets: $4,924,766
  • Total Liabilities: $5,889,830
  • Net Assets: -$965,064

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Programs

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

Builder Assessments

Revenue

$617,652

Commercial Assessments

Revenue

$275,121

Member Assessments

Revenue

$5,161,014

Neighborhood Assessments

Revenue

$336,481

Reserve Contribution

Revenue

$241,519

Organization Details

Founding Year

2006

Principal Officer

Michael Crahan

Main Address

9214 West Bridgeport Pass Circle, Cypress, TX, 77433

NTEE Category

Code: L50 - Housing

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