Overview
What is Lake Frankston Homeowners Association?
The Lake Frankston Homeowners Association is a community organization situated in Frankston, Texas. Its primary purpose is to ensure the upkeep and maintenance of a dam that safeguards the residences of its members. This association operates as a homeowner or tenant entity, thereby involving both homeowners and tenants in its operations. The association's mission is to protect and preserve the dam, thereby ensuring the safety and security of its members' homes. While it is not specified in the information provided, it may also provide additional services or amenities to its members.
Is Lake Frankston Homeowners Association legitimate?
Lake Frankston Homeowners Association is a legitimate nonprofit organization registered as a 501(c)(7) entity. Lake Frankston Homeowners Association 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:
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What is the mission statement of Lake Frankston Homeowners Association?
The Lake Frankston Homeowners Association serves as a collective body for homeowners or tenants. Their primary mission, stated in the third person, is to ensure the maintenance of a dam within their community, thereby protecting the homes of its members. This association plays a crucial role in safeguarding the residential area, preserving the integrity of the dam as a vital structural element.
What is the revenue of Lake Frankston Homeowners Association?
Lake Frankston Homeowners Association's revenue in 2024 was $91,195.
Who are the executives of Lake Frankston Homeowners Association and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990EZ for Lake Frankston Homeowners Association?
Lake Frankston Homeowners Association's most recent form 990EZ was submitted in 2024 and can be accessed here.
Mission Statement of Lake Frankston Homeowners Association
Lake Frankston Homeowners Association, a homeowner or tenant association, is committed to a significant mission. Its primary objective is to ensure the maintenance of a dam that safeguards the homes of its members residing in Frankston, TX. By overseeing the upkeep of this critical infrastructure, the association aims to protect the property and well-being of its community members. This mission underscores the association's responsibility to safeguard the homes and livelihoods of its constituents, demonstrating its commitment to fostering a secure and resilient community.
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Impact
October, 2024
The Lake Frankston Homeowners Association plays a crucial role in the community by ensuring the maintenance and protection of the dam that services the homes within its jurisdiction. This vital infrastructure not only safeguards properties from potential flooding but also contributes to the overall safety and well-being of residents. By prioritizing the integrity of the dam, the association helps create a stable environment for homeowners, fostering a sense of security and community.
In addition to its primary mission, the association likely facilitates communication among residents, encourages community engagement, and addresses shared concerns related to housing and property values. Its efforts contribute to a cohesive neighborhood atmosphere, promoting collaboration and support among members. Overall, the association's impact extends beyond physical maintenance, enhancing the quality of life for those within its community.
This information is meant to be a general summary of Lake Frankston Homeowners Association. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $12
- Gross Receipts: $91,195
Assets and Liabilities:
- Total Assets: $415,057
- Total Liabilities: $20,183
- Net Assets: $394,874
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Organization Details
Principal Officer
Ray Herndon
NTEE Category
Code: L50 - Housing
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