Nonprofit · EIN 74-1937330
PADRE ISLES PROPERTY OWNERS ASSN
Tax-exempt · CORP CHRISTI, TX 78418
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,812,972 | $1,858,318 | $954,654 | $14,662,879 | $65,024 | $14,597,855 |
| December 31, 2023 | 990 | $2,527,621 | $1,976,758 | $550,863 | $13,633,391 | $133,550 | $13,499,841 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,106,620
- Investment income
- $586,714
- Other revenue
- $119,638
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $353,926
- Salaries, compensation and benefits (total)
- $386,295
- Professional fundraising fees
- $0
- Legal fees
- $41,075
- Accounting fees
- $74,467
- Occupancy
- $52,387
- Depreciation
- $999
- Program services (functional)
- $1,671,965
- Management and general (functional)
- $186,353
Balance sheet and other
- Total assets, start of year
- $13,633,391
- Total assets, end of year
- $14,662,879
- Total liabilities, end of year
- $65,024
- Net assets, end of year
- $14,597,855
- Land, buildings and equipment
- $712
- Net assets without donor restrictions
- $14,597,855
- Gross receipts
- $2,812,972
- Employees
- 14
- Volunteers
- 0
- Year formed
- 1976
- 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 |
|---|---|---|---|
| JEFFERY RACKLEY | PRESIDENT Trustee or director, Officer | 2 | $0 |
| JOHN PASCH | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| DREW DIGGENS | SECRETARY Trustee or director, Officer | 2 | $0 |
| GEORGE REED | TREASURER Trustee or director, Officer | 2 | $0 |
| BILL DAVENPORT | BOARD MEMBER Trustee or director | 2 | $0 |
| NATASHA MUSE | BOARD MEMBER Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DREW DIGGINS | PRESIDENT Trustee or director, Officer | 2 | $0 |
| DAVID ROSSI | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| HERB BRADLEY | SECRETARY Trustee or director, Officer | 2 | $0 |
| RAY SINGELTON | TREASURER Trustee or director, Officer | 2 | $0 |
| JEFFERY RACKLEY | BOARD MEMBER Trustee or director | 2 | $0 |
| BILL DAVENPORT | BOARD MEMBER Trustee or director | 2 | $0 |
| JOHN PLOTNIK | BOARD MEMBER Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 14015 FORTUNA BAY DR, CORP CHRISTI, TX 78418-6327
- Principal officer (990 for 2024)
- MR JEFF RACKLEY, 14015 FORTUNA BAY DR, CORPUS CHRISTI, TX 78418
- Signed the 990
- TERRY BROWN, TREASURER
- Phone
- (361) 949-7025
- Website
- WWW.PADREISLESPOA.NET
- Return prepared by
- ADAMSON & COMPANY LLC
Mission
PROVIDE COMMON AREA MAINTENANCE, BEAUTIFICATION, AND PROMOTE SOCIAL WELFARE FOR RESIDENTS OF PADRE ISLAND , CORPUS CHRISTI, TEXAS SUBDIVIDSIONS
Program accomplishments
- PROVIDE COMMON AREA MAINTENANCE, BEAUTIFICATION, AND PROMOTE SOCIAL WELFARE FOR RESIDENTS OF PADRE ISLAND , CORPUS CHRISTI, TEXAS SUBDIVIDSIONSExpenses $1,671,965 · revenue $2,226,258
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
- 74-1937330
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1976
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $14,662,879
- Income (IRS master file)
- $2,812,972
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,812,972 | $1,858,318 | $14,662,879 | XML |
| 990 | December 2023 | $2,527,621 | $1,976,758 | $13,633,391 | XML |
| 990 | December 2022 | $2,372,485 | $1,909,898 | $12,626,423 | 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 74-1937330).
Questions about PADRE ISLES PROPERTY OWNERS ASSN
- What is the EIN of PADRE ISLES PROPERTY OWNERS ASSN?
- The employer identification number (EIN) of PADRE ISLES PROPERTY OWNERS ASSN is 74-1937330.
- Is PADRE ISLES PROPERTY OWNERS ASSN tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1976.
- Are donations to PADRE ISLES PROPERTY OWNERS ASSN tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PADRE ISLES PROPERTY OWNERS ASSN 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 PADRE ISLES PROPERTY OWNERS ASSN 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 PADRE ISLES PROPERTY OWNERS ASSN 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 PADRE ISLES PROPERTY OWNERS ASSN?
- The 990 for the year ended December 31, 2024 names MR JEFF RACKLEY.
- Who are the officers and directors of PADRE ISLES PROPERTY OWNERS ASSN?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does PADRE ISLES PROPERTY OWNERS ASSN have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,812,972, expenses of $1,858,318 and total assets of $14,662,879 at year end.
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