Overview
What is Riverstone Homeowners Association Inc?
Riverstone Homeowners Association Inc, based at 18353 University Blvd in Sugar Land, Texas (77479), is a nonprofit organization dedicated to maintaining and preserving the common areas for the benefit of the community and the public at large. With a workforce of 20 employees, they focus on enhancing the shared spaces in their community, contributing to a better quality of life for its residents. This mission aligns with their description of "Maintenance and preservation of the common areas which benefit the community and public at large." The organization does not specify any particular services or programs but aims to uphold the common areas to ensure a positive impact on the residents and the public.
Is Riverstone Homeowners Association Inc legitimate?
Riverstone Homeowners Association Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Riverstone 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: $1,522,585
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What is the mission statement of Riverstone Homeowners Association Inc?
The Riverstone Homeowners Association Inc is dedicated to maintaining and preserving the common areas for the benefit of the community and the public at large. This mission ensures the upkeep and enhancement of shared spaces, contributing positively to the overall quality of life. Through consistent maintenance efforts, the Association strives to create a clean, well-maintained environment that fosters a sense of community pride and unity. By focusing on the common areas, the Association aims to improve the living experience for residents and visitors, ultimately enhancing the reputation of the community. Additionally, the Association's commitment to maintaining these areas benefits the public at large, making the community a desirable and attractive place to live and visit.
Who is the CEO of Riverstone Homeowners Association Inc?
Fw Reichert is the President of Riverstone Homeowners Association Inc.
What is the revenue of Riverstone Homeowners Association Inc?
Riverstone Homeowners Association Inc's revenue in 2022 was $13,002,073.
Who are the executives of Riverstone Homeowners Association Inc and what are their salaries?
The average compensation at Riverstone Homeowners Association Inc during 2022 was $76,129. There are 20 employees and 3 volunteers at Riverstone Homeowners Association Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Riverstone Homeowners Association Inc?
Riverstone Homeowners Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Riverstone Homeowners Association Inc
Riverstone Homeowners Association Inc is dedicated to the maintenance and preservation of common areas that bring benefits to both the community and the public at large. The organization's mission is geared towards ensuring the upkeep and enhancement of these shared spaces, contributing significantly to the overall well-being of those around.
By taking on this role, Riverstone Homeowners Association Inc plays a crucial part in enhancing the aesthetic appeal and functionality of the communal areas. These spaces, which are enjoyed by residents and visitors alike, serve as integral components that foster a sense of unity and pride within the community. The Association's efforts in maintaining and preserving these areas not only improve the community's appearance but also contribute to a healthier and more enjoyable living environment.
Moreover, the Association's mission extends beyond the physical upkeep of the common areas. By dedicating resources to their maintenance and preservation, Riverstone Homeowners Association Inc demonstrates a commitment to enriching the lives of those who are connected to these spaces. The organization's actions reflect a deep-rooted belief that well-maintained communal areas contribute to the creation of thriving, resilient communities, and ultimately, a better quality of life for all.
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Impact
October, 2024
Riverstone Homeowners Association Inc significantly impacts the community by maintaining and preserving the common areas that serve both residents and the public. This dedication enhances the neighborhood's aesthetics and functionality, creating a welcoming environment for families and visitors alike. The well-maintained parks, pathways, and recreational facilities contribute to the community’s overall quality of life, encouraging outdoor activities and fostering social interactions among residents. By prioritizing these common areas, Riverstone helps strengthen community bonds and promotes a sense of pride among its residents. Additionally, the association plays a crucial role in increasing property values, making the area more attractive to potential homeowners. Overall, the efforts of Riverstone Homeowners Association Inc reflect a commitment to improving the living environment for everyone in Sugar Land, TX.
This information is meant to be a general summary of Riverstone 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $55,822
- Program Service Revenue: $12,192,111
- Gross Receipts: $13,002,073
Assets and Liabilities:
- Total Assets: $16,235,815
- Total Liabilities: $7,439,952
- Net Assets: $8,795,863
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSESSMENTS
Revenue
$10,313,656
REIMBURSEMENT OF EXPENSE
Revenue
$1,293,322
CAPITALIZATION FEE
Revenue
$450,000
TRANSFER FEES
Revenue
$89,700
PROGRAM INCOME
Revenue
$23,956
Organization Details
Founding Year
2001
Phone
(281) 778-2222Principal Officer
Fw Reichert
Main Address
18353 UNIVERSITY BLVD, SUGAR LAND, TX, 77479
NTEE Category
Code: L50 - Housing
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