Nonprofit · EIN 74-2798527
TERRACE P U D OWNERS ASSOCIATION INC
Tax-exempt · MIDLAND, TX 79705
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $32,734 | $46,475 | -$13,741 | $118,155 | $90,295 | $27,860 |
| December 31, 2024 | 990-EZ | $59,467 | $34,513 | $24,954 | $123,632 | $82,031 | $41,601 |
| December 31, 2023 | 990-EZ | $35,859 | $55,176 | -$19,317 | $98,671 | $82,024 | $16,647 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $32,734
Expenses
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fees and payments to contractors
- $1,688
- Printing, publications and postage
- $21
- Other expenses
- $44,766
Balance sheet and other
- Total assets, start of year
- $123,632
- Total assets, end of year
- $118,155
- Total liabilities, end of year
- $90,295
- Net assets, end of year
- $27,860
- Cash, savings and investments
- $36,153
- Land and buildings
- $82,002
- Gross receipts
- $32,734
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Brock Thompson | Treasurer | 0.25 | $0 |
| Rod Arend | Vice President/Director | 1 | $0 |
| Robert Rendall | Assistant Secretary | 0.15 | $0 |
| Mel Riggs | President/Director | 1 | $0 |
| Alley Coffey | Secretary/Director | 0.5 | $0 |
990-EZ for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Brock Thompson | Treasurer | 0.25 | $0 |
| Rod Arend | Vice President/Director | 1 | $0 |
| Robert Rendall | Assistant Secretary | 0.15 | $0 |
| Mel Riggs | President/Director | 1 | $0 |
| Alley Coffey | Secretary/Director | 0.5 | $0 |
990-EZ for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Brock Thompson | Treasurer | 0.25 | $0 |
| Rod Arend | Vice President/Director | 1 | $0 |
| Robert Rendall | Assistant Secretary | 0.15 | $0 |
| Jennifer Choi | Secretary/Director | 0.5 | $0 |
| Mel Riggs | President/Director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 6 DESTA DR STE 3000, MIDLAND, TX 79705-5537
- In care of
- % SHEA ALFORD
- Signed the 990-EZ
- Mel Riggs, PRESIDENT
- Phone
- (432) 688-3458
Mission
THIS ASSOCIATION WAS FORMED FOR THE PROMOTION OF SOCIAL WELFARE. THE ORGANIZATION OPERATES BY ADMINISTERING AND ENFORCING COVENANTS AND OWNING AND MAINTAINING NON-COMMERCIAL, NON-RESIDENTIAL PROPERTIES TO SERVE THE COMMON GOOD AND GENERAL WELFARE OF THE GENERAL PUBLIC.
Program accomplishments
- THIS ORGANIZATION IS OPERATED TO ADMINISTER AND ENFORCE COVENANTS FOR PRESERVING THE ARCHITECTURE AND APPEARANCE OF THE AREA AND TO MAINTAIN COMMON GREENBELT AREAS INCLUDING IRRIGATION AND RETAINING WALLS FOR THE USE OF THE DEVELOPMENT AND THE GENERAL PUBLIC. THE ORGANIZATION WILL DEDICATE 100% OF ITS TIME TO THIS PURPOSE 365 DAYS A YEAR.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 74-2798527
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1998
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Assets (IRS master file)
- $118,155
- Income (IRS master file)
- $32,734
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $32,734 | $46,475 | $118,155 | XML |
| 990-EZ | December 2024 | $59,467 | $34,513 | $123,632 | IRS |
| 990-EZ | December 2023 | $35,859 | $55,176 | $98,671 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | 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 74-2798527).
Questions about TERRACE P U D OWNERS ASSOCIATION INC
- What is the EIN of TERRACE P U D OWNERS ASSOCIATION INC?
- The employer identification number (EIN) of TERRACE P U D OWNERS ASSOCIATION INC is 74-2798527.
- Is TERRACE P U D OWNERS ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1998.
- Are donations to TERRACE P U D OWNERS ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does TERRACE P U D OWNERS ASSOCIATION INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of TERRACE P U D OWNERS ASSOCIATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TERRACE P U D OWNERS ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of TERRACE P U D OWNERS ASSOCIATION INC?
- The 990-EZ for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does TERRACE P U D OWNERS ASSOCIATION INC have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $32,734, expenses of $46,475 and total assets of $118,155 at year end.
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