Thornbridge East Phase II III And IV Homeowners As

Nonprofit profile at a glance

EIN
461112475
IRS 990-EZ coverage
2015–2016
Forms available
Form 990-EZ 2016
Location
North Richland Hills, TX, USA
Rating
87
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$37,850
Expenses
$32,913
Assets
$47,881
Liabilities
$68

Source: IRS Form 990-EZ. Selected filing: tax year 2016. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • Chuck Valaitis (President)
  • Troy Pyron (Vice President)

People named in this filing

  • Nicole Chestnut (Treasurer)
  • Chuck Valaitis (President)
  • Troy Pyron (Vice President)

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

Source: IRS Form 990-EZ. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Maintenance of community common areas

What it reported doing in 2016

Maintenance of community common areas paths and open areas by providing mowing landscaping irrigation maintenance and lighting

Operating model

Revenue model
Membership-supported. 100% of the money available for current operations came from membership dues.
Distribution model
Direct operator. The filing allocates 96% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 92
  • Transparency & Controls: 82
  • Sustainability: 56
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87%; rating input score 87
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 13%; rating input score 68; 68th percentile among comparable filings
  • Total-asset coverage ratio: 1.45; rating input score 58; 58th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 46; 46th percentile among comparable filings
  • Officer compensation ratio: 6.4%; rating input score 11; 11th percentile among comparable filings

Growth

  • Program expense growth: 12.6% per year; rating input score 100; 76th percentile among comparable filings
  • Revenue growth: 1.8% per year; rating input score 100; 60th percentile among comparable filings
  • Asset growth: 30.4% per year; rating input score 100; 90th percentile among comparable filings

Details

  • Where the money goes: 87% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $33K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 2 filing years from 2015 to 2016
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • Review — Sustainability: Total-asset coverage ratio scored 58/100.
  • High — Sustainability: Officer compensation ratio scored 11/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 46/100.