Nonprofit · EIN 74-2248353
HILLS PROPERTY OWNERS ASSOCIATION
Tax-exempt · THE HILLS, TX 78738
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990 | $1,562,707 | $1,492,790 | $69,917 | $2,621,602 | $2,363,683 | $257,919 |
Financial details: 990 for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $1,229,208
- Membership dues
- $1,229,208
- Program service revenue
- $0
- Investment income
- $91,098
- Net gain from sales of assets
- $18,687
- Other revenue
- $242,401
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $54,574
- Accounting fees
- $5,025
- Program services (functional)
- $1,492,790
Balance sheet and other
- Total assets, start of year
- $2,467,205
- Total assets, end of year
- $2,621,602
- Total liabilities, end of year
- $2,363,683
- Net assets, end of year
- $257,919
- Publicly traded securities
- $2,016,028
- Net assets without donor restrictions
- $257,919
- Gross receipts
- $1,597,575
- Employees
- 0
- Year formed
- 1981
- 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, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS HARRELSON | PRESIDENT Trustee or director, Officer | 1 | $0 |
| MAUREEN FRANZ | DIRECTOR Trustee or director | 1 | $0 |
| MARK WOLSTROMER | TREASURER Trustee or director, Officer | 1 | $0 |
| JOEL PAFFORD | DIRECTOR Trustee or director | 1 | $0 |
| JAMES COOK | DIRECTOR Trustee or director | 1 | $0 |
| ROMAN PATENT | DIRECTOR Trustee or director | 1 | $0 |
| SARA JENKINS | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 102 TROPHY DR, THE HILLS, TX 78738-1226
- Principal officer (990 for 2023)
- MARK WOLSTROMER, 102 TROPHY DRIVE, THE HILLS, TX 78738
- Signed the 990
- MARK WOLSTROMER, TREASURER
- Phone
- (512) 261-6845
- Website
- HTTPS://OWNER.PSPROP.NET
- Return prepared by
- LEWIS KAUFMAN REID STUKEY GATTIS & CO PC
Mission
THE HILLS OF LAKEWAY PROPERTY OWNER'S ASSOCIATION, INC. IS A MUTUAL BENEFIT NON-PROFIT CORPORATION FORMED AND OPERATED UNDER THE LAWS OF THE STATE OF TEXAS. THE HILLS OF LAKEWAY PROPERTY OWNER'S ASSOCIATION, INC. IS A SELF- SUPPORTING COMMUNITY LOCATED IN TEXAS. THE COMMUNITY OF THE HILLS OF LAKEWAY PROPERTY OWNER'S ASSOCIATION, INC. CONSISTS OF 1,086 RESIDENTIAL LOTS COMPRISING APPROXIMATELY 678 ACRES, AND SOME 2,500 RESIDENTS, AND COMMON AREAS CONSISTING OF 16 MILES OF ROADS, RELATED STREET LIGHTS, AND SECURITY GATES. THE MUNICIPALITY OF "THE VILLAGE OF THE HILLS" ENCOMPASSES VIRTUALLY THE SAME GEOGRAPHIC AREA AS THE ASSOCIATION, INCLUDING 100% OF THE 678 ACRES OF THE ASSOCIATION, PLUS AN ADDITIONAL FOUR ACRES OUTSIDE THE ASSOCIATION. LOCATED WITHIN THE ASSOCIATION BOUNDARIES IS A PRIVATE GOLF CLUB, THE HILLS COUNTRY CLUB, THAT IS OWNED AND MANAGED BY CLUBCORP. THIS GOLF CLUB IS NOT PART OF THE ASSOCIATION ITSELF. THE GOLF CLUB MEMBERSHIPS ARE AVAILABLE TO THE GENERAL PUBLIC, SO THE
Program accomplishments
- THE ASSOCIATION IS PRIMARILY ENGAGED IN PROMOTING THE COMMON GOOD AND GENERAL WELFARE OF THE RESIDENTS OF THE HILLS OF LAKEWAY PROPERTY OWNER'S ASSOCIATION, INC. AND SURROUNDING AREAS. THE ASSOCIATION LESSENS THE BURDENS OF GOVERNMENT BY CONDUCTING ACTIVITIES SUCH AS ROAD MAINTENANCE, PRIVATE PATROL SERVICE AND ENTRANCE GATES AND COMMON AREAS.Expenses $1,492,790
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 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 74-2248353
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L50)
- Assets (IRS master file)
- $2,621,602
- Income (IRS master file)
- $1,597,575
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2023 | $1,562,707 | $1,492,790 | $2,621,602 | XML |
| 990 | December 2022 | $1,164,762 | $1,261,555 | $2,467,205 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 74-2248353).
Questions about HILLS PROPERTY OWNERS ASSOCIATION
- What is the EIN of HILLS PROPERTY OWNERS ASSOCIATION?
- The employer identification number (EIN) of HILLS PROPERTY OWNERS ASSOCIATION is 74-2248353.
- Is HILLS PROPERTY OWNERS ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2019.
- Are donations to HILLS PROPERTY OWNERS ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does HILLS PROPERTY OWNERS ASSOCIATION 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 HILLS PROPERTY OWNERS ASSOCIATION 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 HILLS PROPERTY OWNERS ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2023.
- Who is the principal officer of HILLS PROPERTY OWNERS ASSOCIATION?
- The 990 for the year ended December 31, 2023 names MARK WOLSTROMER.
- Who are the officers and directors of HILLS PROPERTY OWNERS ASSOCIATION?
- The 990 for the year ended December 31, 2023 lists 7 people; 0 received compensation from the organization.
- How much revenue does HILLS PROPERTY OWNERS ASSOCIATION have?
- On its 990 for the year ended December 31, 2023 it reported revenue of $1,562,707, expenses of $1,492,790 and total assets of $2,621,602 at year end.
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