2025-11-17T11:30:40-06:00 2024-12-31 453980748 ADAMSON & COMPANY LLC 4101 S ALAMEDA ST CORPUS CHRISTI TX 78411 990 2024-01-01 741937330 PADRE ISLES PROPERTY OWNERS ASSOCIATION INC PADR 3619497025 14015 FORTUNA BAY DRIVE CORPUS CHRISTI TX 78418 TERRY BROWN TREASURER 3619497025 2025-11-14 1 1 JENNIFER M PERALES P01325331 3618878916 2024 2025-03-06 01:10:19Z MR JEFF RACKLEY 14015 FORTUNA BAY DR CORPUS CHRISTI TX 78418 2812972 0 X WWW.PADREISLESPOA.NET X 1976 TX PROVIDE COMMON AREA MAINTENANCE, BEAUTIFICATION, AND PROMOTE SOCIAL WELFARE FOR RESIDENTS OF PADRE ISLAND , CORPUS CHRISTI, TEXAS SUBDIVIDSIONS 7 7 14 0 0 0 0 0 2088735 2106620 314720 586714 124166 119638 2527621 2812972 0 0 0 0 302728 386295 0 0 0 1674030 1472023 1976758 1858318 550863 954654 13633391 14662879 133550 65024 13499841 14597855 PROVIDE COMMON AREA MAINTENANCE, BEAUTIFICATION, AND PROMOTE SOCIAL WELFARE FOR RESIDENTS OF PADRE ISLAND , CORPUS CHRISTI, TEXAS SUBDIVIDSIONS 0 0 1671965 2226258 PROVIDE COMMON AREA MAINTENANCE, BEAUTIFICATION, AND PROMOTE SOCIAL WELFARE FOR RESIDENTS OF PADRE ISLAND , CORPUS CHRISTI, TEXAS SUBDIVIDSIONS 1671965 0 0 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 20 0 14 1 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X NOELLE FREESE 3619497025 14015 FORTUNA BAY DRIVE CORPUS CHRISTI TX 78418 X JEFFERY RACKLEY PRESIDENT 2.00 X X 0 0 0 JOHN PASCH VICE PRESIDENT 2.00 X X 0 0 0 DREW DIGGENS SECRETARY 2.00 X X 0 0 0 GEORGE REED TREASURER 2.00 X X 0 0 0 BILL DAVENPORT BOARD MEMBER 2.00 X 0 0 0 NATASHA MUSE BOARD MEMBER 2.00 X 0 0 0 0 0 0 0 0 0 0 PEZZI CONSTRUCTION INC PO BOX 1003 CIBOLO TX 78108 BULKHEAD AND TIEBACK INSPECTIONS 314747 EAGLE SHORE SERVICES LLC 5722 AAVA CORPUS CHRISTI TX 78414 BULKHEAD REPAIR 177188 BRIGHTVIEW LANDSCAPE SERVICES INC PO BOX 31001-2463 PASADENA CA 911102463 LAWN SERVICES 137800 3 COMMON AREA MAINTENANC 531390 2091920 2091920 CITY OF COPRPUS CHRIST 531390 14700 14700 2106620 586714 586714 ARCHITECTURAL CONTROL 531390 66388 66388 MISCELLANEOUS INCOME 531390 39250 39250 RESALE CERTIFICATE FEE 531390 14000 14000 119638 2812972 2226258 0 586714 353926 353926 12914 12914 19455 19455 41075 41075 74467 74467 10050 10050 6152 6152 45573 45573 21233 21233 52387 52387 26670 26670 999 999 120359 76218 44141 BULKHEAD MAINTENANCE 837258 837258 COMMON AREA MAINTENANCE 113132 113132 BILLISH PARK MAINTENANC 55720 55720 WATER INSPECTIONS 5850 5850 61098 61098 1858318 1671965 186353 0 254194 1669133 10342575 9857035 350938 367542 72633 119913 28755 17938 148710 147998 1710 712 2582586 2630606 13633391 14662879 106021 35398 15172 26951 12357 2675 133550 65024 X 13499841 14597855 13499841 14597855 13633391 14662879 954654 143360 0 X X 1 X 1 X 1 0 1 0 0 102167 102167 0 46543 45831 712 712 HERNDON PLANT OAKLEY MUTUAL FUNDS 2630606 F 2630606 PAYROLL TAXES PAYABLE 269 WAGES PAYABLE 2406 2675 X 2956332 143360 143360 2812972 0 2812972 1858318 0 1858318 0 1858318 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 FORM 990, PART VI, SECTION A, LINE 6 THE ASSOCIATION IS COMPRISED OF RESIDENTIAL LOT OWNERS IN THE SUBDIVISIONS OF PADRE ISLES FORM 990, PART VI, SECTION A, LINE 7A THE OWNERS IN THE ASSOCIATION'S SUBDIVISIONS CAN VOTE FOR DIRECTORS AND MEMBERS OF THE BOARD OF DIRECTORS FORM 990, PART VI, SECTION B, LINE 11B A 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 12C MANAGEMENT MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY AND TAKES ENFORCEMENT ACTION WHEN NECESSARY FORM 990, PART VI, SECTION C, LINE 18 THE 990 IS MADE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE 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