Nonprofit · EIN 74-1598734
FOREST COVE PROPERTY OWNERS ASSOCIATION INC
Tax-exempt · KINGWOOD, TX 77325
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $179,315 | $134,835 | $44,480 | $1,058,954 | $30,211 | $1,028,743 |
| December 31, 2023 | 990 | $148,677 | $130,165 | $18,512 | $1,034,263 | $50,000 | $984,263 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,900
- Program service revenue
- $168,677
- Investment income
- $17,229
- Net rental income
- -$6,329
- Net income from fundraising events
- -$6,334
- Other revenue
- -$8,491
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $8,886
- Accounting fees
- $11,400
- Program services (functional)
- $83,909
- Management and general (functional)
- $50,926
Balance sheet and other
- Total assets, start of year
- $1,034,263
- Total assets, end of year
- $1,058,954
- Total liabilities, end of year
- $30,211
- Net assets, end of year
- $1,028,743
- Land, buildings and equipment
- $503,304
- Gross receipts
- $194,164
- Employees
- 0
- Year formed
- 1962
- 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 |
|---|---|---|---|
| DAMIAN POOL | AT LARGE Trustee or director | 4 | $0 |
| STEVE ATCHISON | Vice President Trustee or director, Officer | 8 | $0 |
| JOY SADLER | President Trustee or director, Officer | 8 | $0 |
| CAMERON WILLIAMS | AT LARGE Trustee or director | 4 | $0 |
| RYAN WILLIAMS | AT LARGE Trustee or director | 4 | $0 |
| WADE HOPPER | Treasurer Trustee or director, Officer | 8 | $0 |
| NICOLE LEWIS | Secretary Trustee or director, Officer | 8 | $0 |
| RONALD MILLER | AT LARGE Trustee or director | 4 | $0 |
| MATT TREADWELL | AT LARGE Trustee or director | 4 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAMIAN POOL | Director Trustee or director | 4 | $0 |
| STEVE ATCHISON | Vice President Trustee or director, Officer | 8 | $0 |
| JOY SADLER | President Trustee or director, Officer | 8 | $0 |
| CAMERON WILLIAMS | Director Trustee or director | 4 | $0 |
| RYAN WILLIAMS | Director Trustee or director | 4 | $0 |
| WADE HOPPER | Treasurer Trustee or director, Officer | 8 | $0 |
| NICOLE LEWIS | Secretary Trustee or director, Officer | 8 | $0 |
| RONALD MILLER | Director Trustee or director | 4 | $0 |
| MATT TREADWELL | Director Trustee or director | 4 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 6862, KINGWOOD, TX 77325-6862
- Signed the 990
- JOY SADLER, President
- Phone
- (281) 358-3022
- Website
- www.forestcove.org
- Return prepared by
- PRICE & PRICE CPAS
Mission
THE ENTITY IS A COMMUNITY PROPERTY OWNERS ASSOCIATION ESTABLISHED TO COLLECT AND ADMINISTER FUNDS IN ACCORDANCE WITH THE DEED RESTRICTIONS FOR THE SUBDIVISSION, ENFORCE DEED RESTRICTIONS, MAINTAIN AND OPERATE THE COMMON AREAS, AND PROMOTE THE INTERESTS OF THE OWNERS FOR THE BENEFIT OF THE COMMUNITY.
Program accomplishments
- OPERATION AND MAINTENANCE OF COMMUNITY CENTER, SWIMMING POOL AND RECREATIONAL AREAS SUCH AS BASEBALL FIELDS AND MARINA. ALSO PROVIDED ASSISTANCE ENSURING THE DEED RESTRICTIONS OF THE SUBDIVISION WERE ENFORCED.Expenses $82,646
- PUBLISHED AND CIRCULATED MONTHLY NEWSLETTER TO RESIDENTS AND PROPERTY OWNERS TO INFORM THEM ABOUT COMMUNITY AFFAIRS SUCH AS DEED RESTRICTIONS, SECURITY, TRAFFIC AND STREET MAINTENANCE.Expenses $1,263
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
- 74-1598734
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1968
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,058,954
- Income (IRS master file)
- $194,164
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $179,315 | $134,835 | $1,058,954 | XML |
| 990 | December 2023 | $148,677 | $130,165 | $1,034,263 | XML |
| 990 | December 2022 | $139,987 | $164,336 | $1,016,396 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 74-1598734).
Questions about FOREST COVE PROPERTY OWNERS ASSOCIATION INC
- What is the EIN of FOREST COVE PROPERTY OWNERS ASSOCIATION INC?
- The employer identification number (EIN) of FOREST COVE PROPERTY OWNERS ASSOCIATION INC is 74-1598734.
- Is FOREST COVE PROPERTY OWNERS ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1968.
- Are donations to FOREST COVE PROPERTY OWNERS ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FOREST COVE PROPERTY OWNERS 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 FOREST COVE PROPERTY OWNERS 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 FOREST COVE PROPERTY OWNERS 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 are the officers and directors of FOREST COVE PROPERTY OWNERS ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does FOREST COVE PROPERTY OWNERS ASSOCIATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $179,315, expenses of $134,835 and total assets of $1,058,954 at year end.
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