Kings Ridge Homeowners Association

Nonprofit profile at a glance

EIN
752921146
IRS 990 coverage
2024–2025
Forms available
Form 990 2025
Location
Dallas, TX, USA
Phone
9723803505
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Homeowners & Tenants Associations

Reported finances

Revenue
$611,172
Expenses
$600,416
Assets
$963,263
Liabilities
$366,068

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • WARD OLGREEN (PRESIDENT)

People named in this filing

  • WARD OLGREEN (PRESIDENT)
  • PAUL NOLTE (VICE PRESIDE)
  • PAUL JENKINS (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The association has been organized for the following purposes: to promote the safety, welfare and enjoyment of the residents within the properly and such additions thereto as may hereafter be brought within the jurisdiction of the association by annexation as provided in section 6.02 below and for this purpose to: (a) own, acquire, operate and maintain commons, streets, footways and personal properties incident thereto (b) provide exterior maintenance for the lots and homes within the property (c) provide garbage and trash collection (d) maintain unkempt lands or trees (e) supplement municipal services (t) fix assessments (or charges) to be levied against the property enforce any and all covenants, restrictions and agreements applicable to the (h) pay taxes, if any, on the common properties and (i) insofar as permitted by law, to do any other thing that, in the opinion of the board of directors, will promote the common benefit and enjoyment of the residents.

What it reported doing in 2025

In furtherance of its desire for efficient management and preservation of the values and amenities in the property, declarant has created a corporation (the association) to which has been delegated and assigned the powers of owning, maintaining and administering the common properties for the use of its members and authorized guests, administering and enforcing the covenants, conditions, restrictions, reservations, easements, equitable servitudes, liens and charges, collecting and disbursing the assessments and charges hereinafter created and performing such other acts as shall generally be necessary.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 90
  • Accountability: 70
  • Sustainability: 45
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 90.2%; rating input score 90
  • Program expense ratio: 91.8%; rating input score 92
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 1.8%; rating input score 36; 36th percentile among comparable filings
  • Total-asset coverage ratio: 1.6; rating input score 58; 58th percentile among comparable filings
  • Liabilities to assets ratio: 0.38; rating input score 16; 16th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 78; 78th percentile among comparable filings

Growth

  • Program expense growth: -9.6% per year; rating input score 0; 5th percentile among comparable filings
  • Revenue growth: -3.1% per year; rating input score 0; 6th percentile among comparable filings
  • Asset growth: 5.5% per year; rating input score 100; 38th percentile among comparable filings

Details

  • Where the money goes: 90.2% of revenue deployed · 91.8% of spending went to programs
  • Governance: 4 of 4 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $551K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 16 of 16 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2024 to 2025
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 4 of 6 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 36/100.
  • Review — Sustainability: Total-asset coverage ratio scored 58/100.
  • High — Sustainability: Liabilities to assets ratio scored 16/100.