PARK LAKES PROPERTY OWNERS ASSOCIATION INC CO STERLING ASSOC SERVICES Charity Report

Tax-exempt status may be revoked

PARK LAKES PROPERTY OWNERS ASSOCIATION INC CO STERLING ASSOC SERVICES

EIN 33-1110467 · Homeowners & Tenants Associations (L50)

What they do

Civic & Social Welfare Organization - 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.

Before you give

Should I give to this charity?

Easy charity check

Stop and check first

This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders3 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

99.06%of revenue went to mission work95.6% of expenses · Program services

$103.57spent for every $100 of revenueSpending was higher than revenue this year.

4.51%of revenue went to management and office costs4.4% of expenses

$1.15in assets for every $1 spent this yearSome assets cannot be spent right away.

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Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $39,399 this year. Ask whether that was planned or caused by a one-time event.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,103,574

Mission workProgram services$1,093,18399.06% of revenue95.6% of expenses

ManagementOffice and general costs$49,7904.51% of revenue4.4% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$1,142,973103.57% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 95.6% mission · 4.4% management · 0.0% fundraisingTotal expenses: 103.57% of revenue

2023Expense mix: 95.4% mission · 4.6% management · 0.0% fundraisingTotal expenses: 110.67% of revenue

2022Expense mix: 94.8% mission · 5.2% management · 0.0% fundraisingTotal expenses: 142.40% of revenue

2021Expense mix: 92.9% mission · 7.1% management · 0.0% fundraisingTotal expenses: 89.20% of revenue

2020Expense mix: 97.5% mission · 2.5% management · 0.0% fundraisingTotal expenses: 94.95% of revenue

2019Expense mix: 97.4% mission · 2.6% management · 0.0% fundraisingTotal expenses: 96.99% of revenue

Money in and money out

Revenue$1,103,574

Expenses$1,142,973

Annual shortfall $39,399 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,093,183 · 95.6% of expenses

Management and office costs$49,790 · 4.4% of expenses

See all reported dollar amounts

Revenue$1,103,574

Expenses$1,142,973

Assets$1,314,349

Income$1,103,574

Mission work (program services)$1,093,183

Management and general$49,790

Accounting fees$9,900

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (3)

CARLA WESTVICE PRESIDENT

KENNETHA S TOLBERTTREASURER

THOMASINA BURNSPRESIDENT

About this charity

Recognized since: January 2009
Location: 6842 N SAM HOUSTON PKWY W, HOUSTON, TX 77064-3528
County: Harris
In care of: % PRINCIPAL MANAGEMENT GROUP
Primary officer: KENNETHA S TOLBERT, Treasurer

How to reach them

WebsiteVisit the charity’s website Phone(832) 678-4500

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: ALBARADO & FRIERY LLC
NTEE classification: Homeowners & Tenants Associations (L50)
IRS tax category: Homeowners & Tenants Associations
Revocation date: May 15, 2014