Nonprofit · EIN 20-5110400
GRAYSTONE HILLS COMMUNITY ASSOCIATION INC
Tax-exempt · CONROE, TX 77304
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $658,691 | $615,301 | $43,390 | $425,760 | $318,677 | $107,083 |
| December 31, 2023 | 990 | $599,000 | $884,833 | -$285,833 | $599,014 | $535,321 | $63,693 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $649,275
- Membership dues
- $649,275
- Program service revenue
- $0
- Investment income
- $291
- Net rental income
- $1,250
- Other revenue
- $9,125
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $9,340
- Accounting fees
- $1,106
- Depreciation
- $28,344
- Program services (functional)
- $561,255
- Management and general (functional)
- $54,046
Balance sheet and other
- Total assets, start of year
- $599,014
- Total assets, end of year
- $425,760
- Total liabilities, end of year
- $318,677
- Net assets, end of year
- $107,083
- Land, buildings and equipment
- $268,511
- Gross receipts
- $658,691
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2006
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Eric Comstock | President Officer | 5 | $0 |
| Marcus Wilson | Vice President Officer | 5 | $0 |
| Henry Russell | Treasurer Officer | 5 | $0 |
| Francisco Lopez | Member at Large Trustee or director | 5 | $0 |
| Timothy Allman | Member at Large Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Justin Gibbs | President Officer | 5 | $0 |
| Gregory Ellison | Vice President Officer | 5 | $0 |
| Eric Comstock | Secretary Officer | 5 | $0 |
| Timothy Allman | Treasurer Officer | 5 | $0 |
| Marcus Wilson | Member at Large Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 3500 W DAVIS ST STE 190, CONROE, TX 77304-1811
- In care of
- % ASSOCIATION MANAGEMENT INC
- Principal officer (990 for 2024)
- Timothy Allman, 3500 W Davis Ste 190, Conroe, TX 77304
- Signed the 990
- Eric Comstock, President
- Phone
- (936) 756-0032
- Return prepared by
- VANWASSEHNOVA & ASSOCIATES
Mission
To promote health, safefy and welfare of the community.
Program accomplishments
- To promote the health, safety and welfare of the community and to provide services much like a Quasi governmental agency.Expenses $561,255 · revenue $658,691
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-5110400
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2011
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L50)
- Assets (IRS master file)
- $425,760
- Income (IRS master file)
- $658,691
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $658,691 | $615,301 | $425,760 | XML |
| 990 | December 2023 | $599,000 | $884,833 | $599,014 | XML |
| 990 | December 2022 | $602,174 | $833,267 | $603,442 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-5110400).
Questions about GRAYSTONE HILLS COMMUNITY ASSOCIATION INC
- What is the EIN of GRAYSTONE HILLS COMMUNITY ASSOCIATION INC?
- The employer identification number (EIN) of GRAYSTONE HILLS COMMUNITY ASSOCIATION INC is 20-5110400.
- Is GRAYSTONE HILLS COMMUNITY ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2011.
- Are donations to GRAYSTONE HILLS COMMUNITY ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does GRAYSTONE HILLS COMMUNITY ASSOCIATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GRAYSTONE HILLS COMMUNITY ASSOCIATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GRAYSTONE HILLS COMMUNITY ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of GRAYSTONE HILLS COMMUNITY ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 names Timothy Allman.
- Who are the officers and directors of GRAYSTONE HILLS COMMUNITY ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does GRAYSTONE HILLS COMMUNITY ASSOCIATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $658,691, expenses of $615,301 and total assets of $425,760 at year end.
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