Brookhaven Square 3 Rd & 4 Th Additions Homeowners Association
Brookhaven Square HOA maintains stable finances with volunteer leadership and no liabilities.
EIN: 10726041 · Norman, OK · NTEE: A23 · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Revenue | $73K |
| Total Expenses | $64K |
| Program Spending | 90% |
| Net Assets | $56K |
| Transparency Score | 95/100 |
Is Brookhaven Square 3 Rd & 4 Th Additions Homeowners Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Brookhaven Square 3 Rd & 4 Th Additions Homeowners Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Brookhaven Square 3 Rd & 4 Th Additions Homeowners Association
Brookhaven Square 3 Rd & 4 Th Additions Homeowners Association (EIN: 10726041) is a nonprofit organization based in Norman, OK, classified under NTEE code A23. The organization reported total revenue of $73K and total assets of $48K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Brookhaven Square 3 Rd & 4 Th Additions Homeowners Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Brookhaven Square 3 Rd & 4 Th Additions Homeowners Association is a micro nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $68K |
| Total Expenses | $64K |
| Surplus / Deficit | +$3K |
| Total Assets | $56K |
| Net Assets | $56K |
| Operating Margin | 4.9% |
| Months of Reserves | 10.5 months |
Financial Health Grade: A
In 2024, Brookhaven Square 3 Rd & 4 Th Additions Homeowners Association reported a surplus of $3K with revenue exceeding expenses, holds 10.5 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2024), Brookhaven Square 3 Rd & 4 Th Additions Homeowners Association's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +10.1% | -0.4% | +6.3% |
| 2023 | +0.0% | +10.1% | -5.5% |
| 2022 | -0.2% | -9.0% | -0.1% |
| 2020 | +0.8% | -10.8% | -4.9% |
| 2019 | +2.1% | +53.8% | -15.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Brookhaven Square 3 Rd & 4 Th Additions Homeowners Association with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Brookhaven Square 3 Rd & 4 Th Additions Homeowners Association allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the organization is run by volunteers. This is highly commendable for an organization of its size, as it directs all revenue towards operational expenses and community services.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Brookhaven Square 3 Rd & 4 Th Additions Homeowners Association:
- Consistent reporting of 0% officer compensation, indicating volunteer leadership.
- Zero liabilities reported across all 13 filings, demonstrating strong financial health and no debt.
- Stable revenue streams generally covering expenses, indicating sound financial management.
- Consistent filing of IRS 990 forms over 13 periods, showing strong transparency and compliance.
- High program spending ratio due to volunteer leadership and direct community services.
Frequently Asked Questions about Brookhaven Square 3 Rd & 4 Th Additions Homeowners Association
Is Brookhaven Square 3 Rd & 4 Th Additions Homeowners Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Brookhaven Square 3 Rd & 4 Th Additions Homeowners Association (EIN: 10726041) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Brookhaven Square 3 Rd & 4 Th Additions Homeowners Association spend its money?
Brookhaven Square 3 Rd & 4 Th Additions Homeowners Association directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Brookhaven Square 3 Rd & 4 Th Additions Homeowners Association tax-deductible?
Brookhaven Square 3 Rd & 4 Th Additions Homeowners Association is registered as a tax-exempt nonprofit (EIN: 10726041). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Brookhaven Square 3 Rd & 4 Th Additions Homeowners Association compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Brookhaven Square 3 Rd & 4 Th Additions Homeowners Association is above average for NTEE category A23 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Brookhaven Square 3 Rd & 4 Th Additions Homeowners Association located?
Brookhaven Square 3 Rd & 4 Th Additions Homeowners Association is headquartered in Norman, Oklahoma and files with the IRS under EIN 10726041. It is classified under NTEE code A23.
How many years of IRS 990 filings does Brookhaven Square 3 Rd & 4 Th Additions Homeowners Association have?
Brookhaven Square 3 Rd & 4 Th Additions Homeowners Association has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $73K in total revenue.
Is Brookhaven Square 3 Rd & 4 Th Additions Homeowners Association a good charity?
Based on the available IRS 990 data, the organization appears to be a well-managed homeowners association. It consistently operates with no liabilities, has volunteer leadership (0% officer compensation), and its revenues generally cover expenses, indicating financial stability. Its focus is on community services, which aligns with its NTEE code.
How does the organization manage its finances without paid officers?
The consistent reporting of 0% officer compensation suggests that the organization relies entirely on volunteer efforts for its leadership and administrative functions. This model allows a greater proportion of its revenue to be allocated directly to community programs and services.
What is the trend in the organization's assets and liabilities?
Assets have fluctuated over the years, ranging from a low of $44,299 (201602) to a high of $75,438 (201502), currently at $47,563. Crucially, the organization consistently reports $0 in liabilities across all 13 filings, indicating a very strong financial position with no debt.
Filing History
IRS 990 filing history for Brookhaven Square 3 Rd & 4 Th Additions Homeowners Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2024), Brookhaven Square 3 Rd & 4 Th Additions Homeowners Association's revenue has grown by 39%, moving from $49K to $68K. Total assets increased by 370.7% over the same period, from $12K to $56K. Total functional expenses rose by 36.3%, from $47K to $64K. In its most recent filing year (2024), Brookhaven Square 3 Rd & 4 Th Additions Homeowners Association reported a surplus of $3K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $68K | $64K | $56K | $0 | — | — |
| 2023 | $61K | $65K | $53K | $0 | — | View 990 |
| 2022 | $61K | $59K | $56K | $0 | — | — |
| 2020 | $62K | $64K | $56K | $0 | — | View 990 |
| 2019 | $61K | $72K | $59K | $0 | — | View 990 |
| 2018 | $60K | $47K | $70K | $0 | — | View 990 |
| 2017 | $59K | $46K | $57K | $0 | — | View 990 |
| 2016 | $57K | $53K | $44K | $0 | — | View 990 |
| 2015 | $57K | $45K | $75K | $0 | — | View 990 |
| 2014 | $56K | $62K | $64K | $0 | — | View 990 |
| 2013 | $56K | $40K | $35K | $0 | — | View 990 |
| 2012 | $54K | $47K | $19K | $0 | — | View 990 |
| 2011 | $49K | $47K | $12K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $68K, expenses of $64K, and assets of $56K (revenue +10.1% year-over-year).
- 2023: Revenue of $61K, expenses of $65K, and assets of $53K (revenue +0.0% year-over-year).
- 2022: Revenue of $61K, expenses of $59K, and assets of $56K (revenue -0.2% year-over-year).
- 2020: Revenue of $62K, expenses of $64K, and assets of $56K (revenue +0.8% year-over-year).
- 2019: Revenue of $61K, expenses of $72K, and assets of $59K (revenue +2.1% year-over-year).
- 2018: Revenue of $60K, expenses of $47K, and assets of $70K (revenue +1.5% year-over-year).
- 2017: Revenue of $59K, expenses of $46K, and assets of $57K (revenue +3.0% year-over-year).
- 2016: Revenue of $57K, expenses of $53K, and assets of $44K (revenue +1.1% year-over-year).
- 2015: Revenue of $57K, expenses of $45K, and assets of $75K (revenue +0.3% year-over-year).
- 2014: Revenue of $56K, expenses of $62K, and assets of $64K (revenue +1.3% year-over-year).
- 2013: Revenue of $56K, expenses of $40K, and assets of $35K (revenue +2.9% year-over-year).
- 2012: Revenue of $54K, expenses of $47K, and assets of $19K (revenue +11.4% year-over-year).
- 2011: Revenue of $49K, expenses of $47K, and assets of $12K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Brookhaven Square 3 Rd & 4 Th Additions Homeowners Association:
Data Sources and Methodology
This transparency report for Brookhaven Square 3 Rd & 4 Th Additions Homeowners Association is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.