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      <PreparerPersonNm>PHIL VAUGHAN</PreparerPersonNm>
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        <StateAbbreviationCd>TX</StateAbbreviationCd>
        <ZIPCd>77382</ZIPCd>
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      <ActivityOrMissionDesc>AS A HOME OWNERS ASSOCIATION THE MISSION IS TO MAINTAIN THE COMMON PROPERTY AND ASSETS, PROVIDE AN ACTIVE LIFESTYLE FOR THE RESIDENTS AND AFFORD THE RESIDENTS OPPORTUNITIES TO SUPPORT AND INTERACT WITH THE SURROUNDING COMMUNITIES</ActivityOrMissionDesc>
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      <Desc>MAINTAINING THE COMMON AREAS AND COMMON ASSETS IS AN IMPORTANT PROGRAM WHICH WILL, IN ADDITION TO PROVIDING AN APPEALING COMMUNITY, MAINTAIN THE HOME VALUES OF RESIDENTS AS WAS AGREED TO AND UNDERSTOOD BY RESIDENTS WHEN PURCHASING THEIR PROPERTY. THE SURROUNDING COMMUNITIES WERE GIVEN TO UNDERSTAND THAT THE DEL WEBB THE WOODLANDS DEVELOPMENT WOULD BE AN ENHANCED VALUE COMMUNITY PROVIDING MUCH NEEDED PROPERTY TAX REVENUE TO MONTGOMERY COUNTY. THIS PROGRAM IS AT THE HEART OF THE APPLICATION AS A SOCIAL WELFARE ORGANIZATION.</Desc>
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        <RevenueAmt>19551</RevenueAmt>
        <Desc>PROVIDING ACTIVITIES AND FACILITIES TO AFFORD THE RESIDENTS WITH AN ACTIVE, INVIGORATING LIFESTYLE THROUGH EXERCISE PROGRAMS AND WORKOUT FACILITIES.</Desc>
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        <RevenueAmt>37851</RevenueAmt>
        <Desc>PROVIDING RESDIENTS WITH OPPORTUNITIES FOR SOCIAL, EMOTIONAL, MENTAL, PHYSICAL AND SPIRITUAL LIFELONG LEARNING THROUGH A WIDE VARIETY OF LIFESTYLE (ASSOCIATION SPONSORED), SOCIAL COMMITTEE, CLUBS AND GROUP MEETINGS AND EVENTS. THE COMMUNITY SHALL ALSO PROVIDE THE RESIDENTS OPPORTUNITIES TO ENGAGE IN ALTRUISTIC PURSUITS WHICH, AS THE OPPORTUNITIES PRESENT THEMSEBLES, MAY RESULT IN CHARITABLE DONATIONS IN-KIND AND MONETARILY. THE CLUBS AND GROUPS ARE SELF SUPPORTING AND THE ASSOCIATION RECEIVES NO INCOME AND PROVIDES NO MONETARY SUPPORT TO THE CLUBS. THE ASSOCIATION DOES ALLOW CLUBS TO USE THE ASSOCIATION FACILITIES FOR MEETINGS AND EVENTS FREE OF CHARGE. THERE ARE APPROXIMATELY 40 CLUBS AND GROUPS WITH 3 CHARTERED CLUBS FORMED SPECIFICALLY FOR CHARITABLE PURPOSES.</Desc>
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        <BOYAmt>13257</BOYAmt>
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        <BOYAmt>14617</BOYAmt>
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        <EOYAmt>2295923</EOYAmt>
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        <EOYAmt>27221</EOYAmt>
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        <EOYAmt>1106809</EOYAmt>
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        <EOYAmt>1134030</EOYAmt>
      </TotalLiabilitiesGrp>
      <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
      <CapStkTrPrinCurrentFundsGrp>
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      <RtnEarnEndowmentIncmOthFndsGrp>
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        <EOYAmt>1161893</EOYAmt>
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      <TotalNetAssetsFundBalanceGrp>
        <BOYAmt>899374</BOYAmt>
        <EOYAmt>1161893</EOYAmt>
      </TotalNetAssetsFundBalanceGrp>
      <TotLiabNetAssetsFundBalanceGrp>
        <BOYAmt>1664850</BOYAmt>
        <EOYAmt>2295923</EOYAmt>
      </TotLiabNetAssetsFundBalanceGrp>
      <InfoInScheduleOPartXIInd>X</InfoInScheduleOPartXIInd>
      <ReconcilationRevenueExpnssAmt>262518</ReconcilationRevenueExpnssAmt>
      <OtherChangesInNetAssetsAmt>1</OtherChangesInNetAssetsAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>false</AccountantCompileOrReviewInd>
      <FSAuditedInd>true</FSAuditedInd>
      <FSAuditedBasisGrp>
        <SeparateBasisFinclStmtInd>X</SeparateBasisFinclStmtInd>
      </FSAuditedBasisGrp>
      <AuditCommitteeInd>true</AuditCommitteeInd>
      <FederalGrantAuditRequiredInd>false</FederalGrantAuditRequiredInd>
    </IRS990>
    <IRS990ScheduleC documentId="RetDoc2">
      <SubstantiallyAllDuesNondedInd>true</SubstantiallyAllDuesNondedInd>
      <OnlyInHouseLobbyingInd>true</OnlyInHouseLobbyingInd>
      <AgreeCarryoverPriorYearInd>false</AgreeCarryoverPriorYearInd>
    </IRS990ScheduleC>
    <IRS990ScheduleD documentId="RetDoc3">
      <EquipmentGrp>
        <OtherCostOrOtherBasisAmt>69601</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>66286</DepreciationAmt>
        <BookValueAmt>3315</BookValueAmt>
      </EquipmentGrp>
      <TotalBookValueLandBuildingsAmt>3315</TotalBookValueLandBuildingsAmt>
      <TotalRevEtcAuditedFinclStmtAmt>2131468</TotalRevEtcAuditedFinclStmtAmt>
      <RevenueSubtotalAmt>2131468</RevenueSubtotalAmt>
      <TotalRevenuePerForm990Amt>2131468</TotalRevenuePerForm990Amt>
      <TotExpnsEtcAuditedFinclStmtAmt>1886152</TotExpnsEtcAuditedFinclStmtAmt>
      <OtherExpensesIncludedAmt>17202</OtherExpensesIncludedAmt>
      <ExpensesNotReportedAmt>17202</ExpensesNotReportedAmt>
      <ExpensesSubtotalAmt>1868950</ExpensesSubtotalAmt>
      <TotalExpensesPerForm990Amt>1868950</TotalExpensesPerForm990Amt>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE D, PAGE 4, PART XII, LINE 2D</FormAndLineReferenceDesc>
        <ExplanationTxt>EXPENDITURES FROM CLUBS 17,202</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleD>
    <IRS990ScheduleO documentId="RetDoc4">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990 - ORGANIZATION'S MISSION</FormAndLineReferenceDesc>
        <ExplanationTxt>TO MAINTAIN THE COMMON AREAS AND COMMON ASSETS WITHIN THE COMMUNITY, TO PROVIDE ACTIVITIES AND FACILITIES TO AFFORD THE RESIDENTS AN ACTIVE, INVIGORATING LIFESTYLE AND TO PROVIDE THE RESIDENTS WITH OPPORTUNITIES TO BE SOCIALLY ENGAGED THROUGH ASSOCIATION SPONSORED EVENTS, CLUB ACTIVITIES AND PARTICIPATION IN CHARITABLE OCCUPATION, BOTH IN-KIND AND MONETARY</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 3</FormAndLineReferenceDesc>
        <ExplanationTxt>THE BOARD OF DIRECTORS CONTRACTED WITH INFRAMARK A PROFESSIONAL COMMUNITY MANAGEMENT COMPANY</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 6</FormAndLineReferenceDesc>
        <ExplanationTxt>HOMEOWNERS IN THE COMMUNITY ARE AUTOMATICALLY MEMBERS</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>A DRAFT 990 WAS PROVIDED TO THE BOARD PRIOR TO FILING</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ASSOCIATION'S GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART IX, LINE 24E</FormAndLineReferenceDesc>
        <ExplanationTxt>JANITORIAL 62,601 0 0 FITNESS CENTER OPERATIONS 49,458 0 0 GATE REPAIRS 42,534 0 0 IRRIGATION REPAIRS 35,404 0 0 HOLIDAY DECORATIONS 22,509 0 0 TELEPHONE &amp; CABLE 0 20,706 0 HVAC MAINTENANCE 20,515 0 0 LICENSES AND FEES 0 6,805 0 FIRE ALARM 6,677 0 0 OTHER 0 644 0 BAD DEBT 0 402 0 TOTAL 239,698 28,557 0</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>
