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Lone Oak Community Association Inc

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

EIN: 820553642 ✦ Houston, TX ✦ Designated as a 501(c)(4)

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Overview

What is Lone Oak Community Association Inc?

Lone Oak Community Association Inc, located in Houston, Texas, is a nonprofit organization dedicated to enhancing the well-being of its community members. They provide essential utilities such as street lighting, water, and waste management services for the convenience of the residents and visitors in the area. The association's primary mission is to maintain and improve common and recreational areas within the community, ensuring their proper functioning and upkeep for the benefit of its residents. They strive to create a better living environment and contribute to the overall welfare of the community.

Is Lone Oak Community Association Inc legitimate?

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

The Lone Oak Community Association Inc is dedicated to enhancing and preserving the common and recreational areas within its community. This is achieved by offering essential services to contribute to the well-being of the community's members, homeowners, residents, and visitors. The organization plays a significant role in providing utilities such as street lighting and waste management services, including water and trash disposal. The primary goal of Lone Oak Community Association Inc is to ensure the overall betterment and maintenance of the community's shared spaces.

Who is the CEO of Lone Oak Community Association Inc?

Kisha Faust is the President of Lone Oak Community Association Inc.

What is the revenue of Lone Oak Community Association Inc?

Lone Oak Community Association Inc's revenue in 2022 was $306,672.

Who are the executives of Lone Oak Community Association Inc and what are their salaries?


Here are 3 key members and their salaries:


Mark Warren (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leslie Phillips (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kisha Faust (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Lone Oak Community Association Inc?

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

Mission Statement of Lone Oak Community Association Inc

Lone Oak Community Association Inc is dedicated to the maintenance and enhancement of all communal and recreational spaces within its jurisdiction. This nonprofit organization strives to improve the living conditions and welfare of its community members by providing essential services. In particular, it ensures the availability of utilities such as street lighting, as well as water and waste management services, for the convenience and benefit of the property owners, residents, and visitors in the area.

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Impact




October, 2024

Lone Oak Community Association Inc plays a crucial role in enhancing the quality of life for residents and visitors in Houston, Texas. By focusing on the maintenance and improvement of common and recreational areas, the association fosters a sense of community and well-being among stakeholders.

It provides essential utilities, including street lighting, water, and trash services, ensuring a safe and clean environment. These services not only promote the welfare of homeowners and residents but also create an inviting atmosphere for visitors. The association actively contributes to community pride and engagement by facilitating recreational activities and maintaining shared spaces, ultimately supporting a vibrant and cohesive residential area.




This information is meant to be a general summary of Lone Oak 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
$306,672 (2022)
Expenses
$285,772 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $854
  • Program Service Revenue: $289,688
  • Gross Receipts: $306,672

Assets and Liabilities:

  • Total Assets: $501,433
  • Total Liabilities: $89,428
  • Net Assets: $412,005

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Programs

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

Membership Assessments

Revenue

$289,688

Organization Details

Founding Year

2002

Principal Officer

Kisha Faust

Main Address

17171 Park Row STE 310, Houston, TX, 77084

NTEE Category

Code: L50 - Housing

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