Prestonwood Homeowners Association Inc

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

EIN: 752204676 ✦ Dallas, TX ✦ Designated as a 501(c)(4)

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Overview

What is Prestonwood Homeowners Association Inc?

Prestonwood Homeowners Association Inc, based in Dallas, Texas, serves as a vital community entity. Primarily, they manage security services within their designated district under the supervision of the City of Dallas, funded primarily through property tax payments by the association's members. Their mission extends beyond security, encompassing common area maintenance, seasonal landscaping, and hosting community events. They also maintain a communication platform, distribute newsletters, and oversee the association's financial matters. Annual audits ensure transparency in their budget control, which is also overseen by the City of Dallas.


Official website here: www.prestonwood.net

Is Prestonwood Homeowners Association Inc legitimate?

Prestonwood Homeowners Association Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Prestonwood Homeowners 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


Official website here: www.prestonwood.net

What is the mission statement of Prestonwood Homeowners Association Inc?

The Prestonwood Homeowners Association Inc, primarily funded through property tax payments, is dedicated to managing security within a specific district, overseen by the City of Dallas. The association's responsibilities extend beyond security, encompassing common area maintenance, seasonal landscaping, managing a social communication website, distributing newsletters, handling accounting, and organizing community events. The association promotes safety and community security actions, fostering a sense of unity and security within the district.


Official website here: www.prestonwood.net

Who is the CEO of Prestonwood Homeowners Association Inc?

Jim Mills is the President of Prestonwood Homeowners Association Inc.


Official website here: www.prestonwood.net

What is the revenue of Prestonwood Homeowners Association Inc?

Prestonwood Homeowners Association Inc's revenue in 2022 was $492,233.


Official website here: www.prestonwood.net

Who are the executives of Prestonwood Homeowners Association Inc and what are their salaries?

There 20 volunteers at Prestonwood Homeowners Association Inc.


Here are 7 key members and their salaries:


Jim Mills (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michele Renault-Rutt (Vp Landscape Maintenance)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barry Klein (Vp Pid Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vicki Borowski (Vp Neighborhood Concerns)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicole Cox (Vp Communications)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Kiefer (Vp Crime Watch)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Peiser (Vp Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.prestonwood.net

Where can I find the form 990 for Prestonwood Homeowners Association Inc?

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


Official website here: www.prestonwood.net

Learn more at the official website: www.prestonwood.net

Mission Statement of Prestonwood Homeowners Association Inc

Prestonwood Homeowners Association Inc, a notable organization, is primarily dedicated to managing security efforts within its designated district. This mission is carried out under the Public Improvement District, an agreement with the City of Dallas. The funding for this endeavor primarily comes from Dallas, with property tax payments from the Prestonwood Homeowners serving as the main source. The City of Dallas has control over the budget, which is audited annually to ensure transparency and accountability.

Beyond security management, Prestonwood Homeowners Association Inc also takes on various other responsibilities within the district. These duties include maintaining common areas and providing seasonal landscaping. Moreover, the organization communicates effectively with its members through a social communications website and regular newsletters. Financial management is another key aspect of their mission, with Prestonwood Homeowners Association Inc handling accounting tasks.

In addition to these responsibilities, the association also hosts community events. These events serve to foster a sense of unity and engagement among the residents within the district. The organization's mission is not limited to these tasks alone; it encourages safety and community security actions, further underscoring its commitment to the well-being of its members. In all these activities, Prestonwood Homeowners Association Inc strives to promote a secure, well-maintained, and engaged community, reflecting its dedication to its mission.

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Impact




October, 2024

Prestonwood Homeowners Association Inc plays a vital role in enhancing community safety and fostering a sense of belonging among residents in the Prestonwood area of Dallas. By managing security police services under a Public Improvement District, the association contributes directly to the well-being and security of the neighborhood. This initiative, funded primarily through property tax payments from Prestonwood homeowners, ensures that residents have access to a consistent security presence, which helps deter crime and enhance safety perceptions.

Additionally, the association is focused on maintaining communal spaces, offering seasonal landscaping, and creating opportunities for residents to engage through newsletters and social events. This not only beautifies the neighborhood but also encourages social interactions and strengthens community ties. By providing clear communication channels, the association keeps residents informed about safety protocols and community news, promoting a collaborative environment dedicated to community welfare. Overall, the impact of Prestonwood Homeowners Association Inc is significant in maintaining a secure, welcoming, and engaged community.




This information is meant to be a general summary of Prestonwood Homeowners 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
$492,233 (2022)
Expenses
$230,397 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $492,233

Assets and Liabilities:

  • Total Assets: $390,553
  • Total Liabilities: $0
  • Net Assets: $390,553

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Organization Details

Founding Year

1980

Principal Officer

Jim Mills

Main Address

PO Box 795682, Dallas, TX, 75379

NTEE Category

Code: L50 - Housing

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