PADRE ISLES PROPERTY OWNERS ASSN: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
PADRE ISLES PROPERTY OWNERS ASSN (EIN 74-1937330)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-17
IRS object ID
202523219349307937
Schema version
2024v5.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-11-17T11:30:40-06:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN453980748PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ADAMSON & COMPANY LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line14101 S ALAMEDA STAddressLine1Txt
CityCORPUS CHRISTICityNm
State AbbreviationTXStateAbbreviationCd
ZIP78411ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN741937330EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PADRE ISLES PROPERTY OWNERSBusinessNameLine1Txt
Business Name Line2ASSOCIATION INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlPADRBusinessNameControlTxt
Phone3619497025PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line114015 FORTUNA BAY DRIVEAddressLine1Txt
CityCORPUS CHRISTICityNm
State AbbreviationTXStateAbbreviationCd
ZIP78418ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonTERRY BROWNPersonNm
Person TitleTREASURERPersonTitleTxt
Phone3619497025PhoneNum
Signature2025-11-14SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJENNIFER M PERALESPreparerPersonNm
PTINP01325331PTIN
Phone3618878916PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMR JEFF RACKLEYPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line114015 FORTUNA BAY DRAddressLine1Txt
CityCORPUS CHRISTICityNm
State AbbreviationTXStateAbbreviationCd
ZIP78418ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$2,812,972GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.PADREISLESPOA.NETWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1976FormationYr
Legal Domicile StateTXLegalDomicileStateCd
Activity Or MissionPROVIDE COMMON AREA MAINTENANCE, BEAUTIFICATION, AND PROMOTE SOCIAL WELFARE FOR RESIDENTS OF PADRE ISLAND , CORPUS CHRISTI, TEXAS SUBDIVIDSIONSActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee14TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$2,088,735PYProgramServiceRevenueAmt
CY Program Service Revenue$2,106,620CYProgramServiceRevenueAmt
PY Investment Income$314,720PYInvestmentIncomeAmt
CY Investment Income$586,714CYInvestmentIncomeAmt
PY Other Revenue$124,166PYOtherRevenueAmt
CY Other Revenue$119,638CYOtherRevenueAmt
PY Total Revenue$2,527,621PYTotalRevenueAmt
CY Total Revenue$2,812,972CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$302,728PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$386,295CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$1,674,030PYOtherExpensesAmt
CY Other Expenses$1,472,023CYOtherExpensesAmt
PY Total Expenses$1,976,758PYTotalExpensesAmt
CY Total Expenses$1,858,318CYTotalExpensesAmt
PY Revenues Less Expenses$550,863PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$954,654CYRevenuesLessExpensesAmt
Total Assets BOY$13,633,391TotalAssetsBOYAmt
Total Assets EOY$14,662,879TotalAssetsEOYAmt
Total Liabilities BOY$133,550TotalLiabilitiesBOYAmt
Total Liabilities EOY$65,024TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$13,499,841NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$14,597,855NetAssetsOrFundBalancesEOYAmt
MissionPROVIDE COMMON AREA MAINTENANCE, BEAUTIFICATION, AND PROMOTE SOCIAL WELFARE FOR RESIDENTS OF PADRE ISLAND , CORPUS CHRISTI, TEXAS SUBDIVIDSIONSMissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,671,965ExpenseAmt
Revenue$2,226,258RevenueAmt
DescPROVIDE COMMON AREA MAINTENANCE, BEAUTIFICATION, AND PROMOTE SOCIAL WELFARE FOR RESIDENTS OF PADRE ISLAND , CORPUS CHRISTI, TEXAS SUBDIVIDSIONSDesc
Total Program Service Expenses$1,671,965TotalProgramServiceExpensesAmt
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy TaxYes (1)SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document20IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee14EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1NOELLE FREESEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3619497025PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line114015 FORTUNA BAY DRIVEAddressLine1Txt
CityCORPUS CHRISTICityNm
State AbbreviationTXStateAbbreviationCd
ZIP78418ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (6 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
JEFFERY RACKLEY
PRESIDENT2.00Yes (X)Yes (X)$0$0$0
JOHN PASCH
VICE PRESIDENT2.00Yes (X)Yes (X)$0$0$0
DREW DIGGENS
SECRETARY2.00Yes (X)Yes (X)$0$0$0
GEORGE REED
TREASURER2.00Yes (X)Yes (X)$0$0$0
BILL DAVENPORT
BOARD MEMBER2.00Yes (X)$0$0$0
NATASHA MUSE
BOARD MEMBER2.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (3 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
PEZZI CONSTRUCTION INC
PO BOX 1003CIBOLOTX78108BULKHEAD AND TIEBACK INSPECTIONS$314,747
EAGLE SHORE SERVICES LLC
5722 AAVACORPUS CHRISTITX78414BULKHEAD REPAIR$177,188
BRIGHTVIEW LANDSCAPE SERVICES INC
PO BOX 31001-2463PASADENACA911102463LAWN SERVICES$137,800
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K3CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
COMMON AREA MAINTENANC531390$2,091,920$2,091,920
CITY OF COPRPUS CHRIST531390$14,700$14,700
FieldValueIRS element (for citing)
Total Program Service Revenue$2,106,620TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$586,714TotalRevenueColumnAmt
Exclusion$586,714ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
ARCHITECTURAL CONTROL531390$66,388$66,388
MISCELLANEOUS INCOME531390$39,250$39,250
RESALE CERTIFICATE FEE531390$14,000$14,000
FieldValueIRS element (for citing)
Other Revenue Total$119,638OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,812,972TotalRevenueColumnAmt
Related Or Exempt Func Income$2,226,258RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$586,714ExclusionAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$353,926TotalAmt
Program Services$353,926ProgramServicesAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$12,914TotalAmt
Program Services$12,914ProgramServicesAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$19,455TotalAmt
Program Services$19,455ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$41,075TotalAmt
Management And General$41,075ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$74,467TotalAmt
Management And General$74,467ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$10,050TotalAmt
Program Services$10,050ProgramServicesAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$6,152TotalAmt
Program Services$6,152ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$45,573TotalAmt
Program Services$45,573ProgramServicesAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$21,233TotalAmt
Program Services$21,233ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$52,387TotalAmt
Program Services$52,387ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$26,670TotalAmt
Management And General$26,670ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$999TotalAmt
Program Services$999ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$120,359TotalAmt
Program Services$76,218ProgramServicesAmt
Management And General$44,141ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
BULKHEAD MAINTENANCE$837,258$837,258
COMMON AREA MAINTENANCE$113,132$113,132
BILLISH PARK MAINTENANC$55,720$55,720
WATER INSPECTIONS$5,850$5,850

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$61,098TotalAmt
Program Services$61,098ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,858,318TotalAmt
Program Services$1,671,965ProgramServicesAmt
Management And General$186,353ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$254,194BOYAmt
EOY$1,669,133EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$10,342,575BOYAmt
EOY$9,857,035EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$350,938BOYAmt
EOY$367,542EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$72,633BOYAmt
EOY$119,913EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$28,755BOYAmt
EOY$17,938EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$148,710LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$147,998LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$1,710BOYAmt
EOY$712EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$2,582,586BOYAmt
EOY$2,630,606EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$13,633,391BOYAmt
EOY$14,662,879EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$106,021BOYAmt
EOY$35,398EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$15,172BOYAmt
EOY$26,951EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$12,357BOYAmt
EOY$2,675EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$133,550BOYAmt
EOY$65,024EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$13,499,841BOYAmt
EOY$14,597,855EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$13,499,841BOYAmt
EOY$14,597,855EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$13,633,391BOYAmt
EOY$14,662,879EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$954,654ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$143,360NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewYes (1)AccountantCompileOrReviewInd

Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Substantially All Dues NondedYes (1)SubstantiallyAllDuesNondedInd
Only In House Lobbying0OnlyInHouseLobbyingInd
Agree Carryover Prior Year0AgreeCarryoverPriorYearInd

Schedule D IRS990ScheduleD

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$102,167OtherCostOrOtherBasisAmt
Depreciation$102,167DepreciationAmt
Book Value$0BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$46,543OtherCostOrOtherBasisAmt
Depreciation$45,831DepreciationAmt
Book Value$712BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$712TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp

FieldValueIRS element (for citing)
DescHERNDON PLANT OAKLEY MUTUAL FUNDSDesc
Book Value$2,630,606BookValueAmt
Method ValuationFMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Securities$2,630,606TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
PAYROLL TAXES PAYABLE$269
WAGES PAYABLE$2,406
FieldValueIRS element (for citing)
Total Liability$2,675TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$2,956,332TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$143,360NetUnrealizedGainsInvstAmt
Revenue Not Reported$143,360RevenueNotReportedAmt
Revenue Subtotal$2,812,972RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$2,812,972TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,858,318TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$1,858,318ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,858,318TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:THE ASSOCIATION QUALIFIES AS A TAX-EXEMPT PROPERTY OWNERS' ASSOCIATION UNDER INTERNAL REVENUE CODE SECTION 528 FOR THE YEAR ENDED DECEMBER 31, 2024. UNDER THAT SECTION, THE ASSOCIATION IS NOT TAXED ON INCOME AND EXPENSES RELATED TO ITS EXEMPT PURPOSE, WHICH IS THE ACQUISITION, CONSTRUCTION, MANAGEMENT, MAINTENANCE, AND CARE OF ASSOCIATION PROPERTY. NET NONEXEMPT FUNCTION INCOME, WHICH INCLUDES EARNED INTEREST AND REVENUES RECEIVED FROM SOURCES UNRELATED TO ITS EXEMPT PURPOSE, IS TAXED AT THE APPROPRIATE RATE BY THE FEDERAL GOVERNMENT. FOR THE YEAR ENDED DECEMBER 31, 2024, THE ASSOCIATION DID NOT HAVE FEDERAL INCOME TAX EXPENSE. THE ASSOCIATION'S TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. THE ASSOCIATION'S FEDERAL INCOME TAX RETURNS FOR 2022, 2023, AND 2024 REMAIN OPEN TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. IN EVALUATING THE ASSOCIATION'S TAX PROVISIONS AND ACCRUALS, THE ASSOCIATION BELIEVES THAT ITS ESTIMATES ARE APPROPRIATE BASED ON CURRENT FACTS AND CIRCUMSTANCES. THE ASSOCIATION CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW, AND NEW AUTHORITATIVE RULINGS.
PART XI, LINE 2D - OTHER ADJUSTMENTS:ROUNDING

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6THE ASSOCIATION IS COMPRISED OF RESIDENTIAL LOT OWNERS IN THE SUBDIVISIONS OF PADRE ISLES
FORM 990, PART VI, SECTION A, LINE 7ATHE OWNERS IN THE ASSOCIATION'S SUBDIVISIONS CAN VOTE FOR DIRECTORS AND MEMBERS OF THE BOARD OF DIRECTORS
FORM 990, PART VI, SECTION B, LINE 11BA COPY OF FORM 990 IS PROVIDED AT THE MONTHLY BOARD MEETINGS OR EMAILED TO THE BOARD MEMBERS FOR REVIEW BEFORE FILING.
FORM 990, PART VI, SECTION B, LINE 12CMANAGEMENT MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY AND TAKES ENFORCEMENT ACTION WHEN NECESSARY
FORM 990, PART VI, SECTION C, LINE 18THE 990 IS MADE AVAILABLE UPON REQUEST.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ITS DOCUMENTATION AVAILABLE TO THE PUBLIC UPON REQUEST AND POSTED ON THE ORGANIZATION'S WEBSITE.
FORM 990, PART XII, LINE 2C:NO CHANGES WERE MADE FROM THE PRIOR YEAR

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