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Nonprofit · EIN 81-0626845

PROPERTY OWNERS ASSOCIATION OF LEGENDS RANCH

Tax-exempt · SPRING, TX 77386

Financials

$1.7M$1.9M2023$1.5M$2.2M2024
Revenue Expenses · by fiscal year end
Financials of PROPERTY OWNERS ASSOCIATION OF LEGENDS RANCH by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,490,214$2,188,887-$698,673$2,011,009$298,519$1,712,490
December 31, 2023990$1,692,585$1,864,637-$172,052$2,972,128$595,022$2,377,106
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,280,915
Membership dues
$1,280,915
Program service revenue
$0
Investment income
$57,042
Other revenue
$152,257

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$58,893
Accounting fees
$20,528
Program services (functional)
$1,734,668
Management and general (functional)
$454,219

Balance sheet and other

Total assets, start of year
$2,972,128
Total assets, end of year
$2,011,009
Total liabilities, end of year
$298,519
Net assets, end of year
$1,712,490
Gross receipts
$1,490,214
Employees
0
Year formed
2003
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.

NameTitleHours / weekCompensation
TERRANCE SOOKDEODIRECTOR
Officer
2$0
KAREN CORTEZVICE PRESIDENT
Officer
2$0
CHARLES CHENVICE PRESIDENT
Officer
2$0
MICHAEL GAINERTREASURER
Officer
2$0
AMANDA NANFROSECRETARY
Officer
2$0
990 for the year ended December 31, 2023: 1 people
NameTitleHours / weekCompensation
TERRANCE SOOKDEODIRECTOR
Officer
2$0

Address and contacts

Address (IRS master file)
2801 LEGENDS RANCH DRIVE STE 425, SPRING, TX 77386-4303
In care of
% MICHAEL GAINER
Signed the 990
MICHAEL GAINER, TREASURER
Return prepared by
ELAINE W COMBS CPA

Mission

PROMOTING THE COMMON GOOD AND GENERAL WELFARE OF THE PUBLIC AND MEMBERS OF THE COMMUNITY THROUGH THE MAINTENANCE AND MANAGEMENT OF THE ASSOCIATION PROPERTY AND PROVIDING SERVICES TO THE COMMUNITY

990 for the year ended December 31, 2024

Program accomplishments

  • OTHER EXPENSES - PROMOTING THE COMMON GOOD AND GENERAL WELFARE OF THE PUBLIC AND MEMBERS OF THE COMMUNITY THROUGH THE MAINTENANCE AND MANAGEMENT OF THE ASSOCIATION AND THE PROPERTY AND PROVIDING SERVICES TO THE COMMUNITY
    Expenses $1,038,411
  • LANDSCAPING - PROMOTING THE COMMON GOOD AND GENERAL WELFARE OF THE PUBLIC AND MEMBERS OF THE COMMUNITY THROUGH THE MAINTENANCE AND MANAGEMENT OF THE ASSOCIATION AND THE PROPERTY, AND PROVIDING SERVICES TO THE COMMUNITY
    Expenses $429,285
  • ENTRY SECURITY - PROMOTING THE COMMON GOOD AND GENERAL WELFARE OF THE PUBLIC AND MEMBERS OF THE COMMUNITY THROUGH THE MAINTENANCE AND MANAGEMENT OF THE ASSOCIATION AND THE PROPERTY AND PROVIDING SERVICES TO THE COMMUNITY
    Expenses $233,633
  • COMMITTEE AND COMMUNITY EXPENSES - PROMOTING THE COMMON GOOD AND GENERAL WELFARE OF THE PUBLIC AND MEMBERS OF THE COMMUNITY THROUGH THE MAINTENANCE AND MANAGEMENT OF THE ASSOCIATION AND THE PROPERTY AND PROVIDING THE SERVICES TO THE COMMUNITY
    Expenses $33,339

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
81-0626845
Tax-exempt status
501(c)(4): Social welfare organization
Donations deductible
No
Exempt since
2009
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,011,009
Income (IRS master file)
$1,490,214

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,490,214$2,188,887$2,011,009XML
990December 2023$1,692,585$1,864,637$2,972,128XML
990December 2022$1,635,112$1,593,663$3,020,362IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 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 81-0626845).

Questions about PROPERTY OWNERS ASSOCIATION OF LEGENDS RANCH

What is the EIN of PROPERTY OWNERS ASSOCIATION OF LEGENDS RANCH?
The employer identification number (EIN) of PROPERTY OWNERS ASSOCIATION OF LEGENDS RANCH is 81-0626845.
Is PROPERTY OWNERS ASSOCIATION OF LEGENDS RANCH tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2009.
Are donations to PROPERTY OWNERS ASSOCIATION OF LEGENDS RANCH tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does PROPERTY OWNERS ASSOCIATION OF LEGENDS RANCH 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 PROPERTY OWNERS ASSOCIATION OF LEGENDS RANCH 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 PROPERTY OWNERS ASSOCIATION OF LEGENDS RANCH 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 PROPERTY OWNERS ASSOCIATION OF LEGENDS RANCH?
The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does PROPERTY OWNERS ASSOCIATION OF LEGENDS RANCH have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,490,214, expenses of $2,188,887 and total assets of $2,011,009 at year end.

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