Forest Cove Property Owners Assoc Inc

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

EIN: 741598734 ✦ Kingwood, TX ✦ Designated as a 501(c)(4)

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Overview

What is Forest Cove Property Owners Assoc Inc?

Forest Cove Property Owners Assoc Inc is a community-focused organization based in Kingwood, Texas. Established with the intent to adhere to the deed restrictions of their subdivision, their primary role involves collecting and managing funds, enforcing these restrictions, and maintaining and managing common areas such as community centers, swimming pools, recreational areas, baseball fields, and marinas. They work diligently to promote the interests of the community members for their collective benefit, ensuring the preservation and upkeep of these shared amenities.


Official website here: www.forestcove.org

Is Forest Cove Property Owners Assoc Inc legitimate?

Forest Cove Property Owners Assoc Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Forest Cove Property Owners Assoc 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


Official website here: www.forestcove.org

What is the mission statement of Forest Cove Property Owners Assoc Inc?

Forest Cove Property Owners Assoc Inc is a community association established with the primary purpose of managing funds in accordance with deed restrictions for a particular subdivision. Its role also includes enforcing deed restrictions, maintaining and operating common areas, and promoting the interests of the property owners for the benefit of the community. The association is actively involved in the operation and maintenance of community facilities such as the community center, swimming pool, recreational areas like baseball fields, and marina. Additionally, they ensure that the deed restrictions of the subdivision are enforced, contributing to a harmonious community environment.


Official website here: www.forestcove.org

Who is the CEO of Forest Cove Property Owners Assoc Inc?

Joy Sadler is the President of Forest Cove Property Owners Assoc Inc.


Official website here: www.forestcove.org

What is the revenue of Forest Cove Property Owners Assoc Inc?

Forest Cove Property Owners Assoc Inc's revenue in 2022 was $139,987.


Official website here: www.forestcove.org

Who are the executives of Forest Cove Property Owners Assoc Inc and what are their salaries?


Here are 9 key members and their salaries:


Randy Koshnick (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Atchison (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joy Sadler (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cameron Williams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephanie Chapman (Asst Sec)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wade Hopper (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Meredith Crowe (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Tielkemeijer (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Treadwell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.forestcove.org

Where can I find the form 990 for Forest Cove Property Owners Assoc Inc?

Forest Cove Property Owners Assoc Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.forestcove.org

Learn more at the official website: www.forestcove.org

Mission Statement of Forest Cove Property Owners Assoc Inc

Forest Cove Property Owners Assoc Inc, as a community property owners association, was established with a mission to serve its members effectively. The primary objective of this entity is to collect and manage funds in accordance with the deed restrictions of the subdivision. This association is tasked with enforcing these deed restrictions, maintaining and operating the common areas, and advocating for the interests of the property owners to benefit the community as a whole.

In concrete terms, Forest Cove Property Owners Assoc Inc is responsible for managing and maintaining facilities such as the community center, swimming pool, and recreational areas, including baseball fields and a marina. Furthermore, this organization plays a crucial role in ensuring that the deed restrictions of the subdivision are upheld, thereby preserving the integrity and value of the community for its members.

In summary, Forest Cove Property Owners Assoc Inc serves as a vital link between the property owners and the management of their community. By collecting and administering funds, enforcing deed restrictions, maintaining common areas, and advocating for the interests of the owners, this association works tirelessly to promote a thriving and harmonious community for all its members.

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Impact




October, 2024

Forest Cove Property Owners Association, Inc. significantly enhances the quality of life in the community by managing and maintaining essential shared resources and promoting community interests. By ensuring the enforcement of deed restrictions, the association maintains property values and promotes a cohesive neighborhood aesthetic. The focused operation of common areas, including a community center, swimming pool, baseball fields, and marina, fosters recreational opportunities and social interactions among residents.

Through the collection and administration of funds, the association is able to provide necessary services for the upkeep and improvement of these facilities. This not only enhances the physical environment but also encourages community engagement, making Forest Cove a desirable place to live. Overall, the impact of the association is a well-maintained, vibrant community that prioritizes the interests and well-being of its residents.




This information is meant to be a general summary of Forest Cove Property Owners Assoc 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
$139,987 (2022)
Expenses
$164,336 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,666
  • Program Service Revenue: $148,422
  • Gross Receipts: $153,371

Assets and Liabilities:

  • Total Assets: $1,016,396
  • Total Liabilities: $50,645
  • Net Assets: $965,751

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Programs

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

Membership Dues & Assessments

Revenue

$140,347

PLAN PERMIT REVENUE

Revenue

$750

POOL REVENUE

Revenue

$225

TRANSFER FEES

Revenue

$7,100

Organization Details

Founding Year

1962

Principal Officer

Joy Sadler

Main Address

PO BOX 6862, KINGWOOD, TX, 77325

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