Brunswick Meadows Homeowners Association Inc
Brunswick Meadows HOA maintains consistent revenue with increasing liabilities, showing a slight deficit in the latest fiscal year.
EIN: 201522777 · Houston, TX · NTEE: L50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $1.2M |
| Program Spending | 90% |
| Net Assets | $325K |
| Transparency Score | 85/100 |
Is Brunswick Meadows Homeowners Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Brunswick Meadows Homeowners Association Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Brunswick Meadows Homeowners Association Inc
Brunswick Meadows Homeowners Association Inc (EIN: 201522777) is a nonprofit organization based in Houston, TX, classified under NTEE code L50. The organization reported total revenue of $2.1M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Brunswick Meadows Homeowners Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Brunswick Meadows Homeowners Association Inc is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-33,154 |
| Total Assets | $1.9M |
| Total Liabilities | $1.5M |
| Net Assets | $325K |
| Operating Margin | -2.8% |
| Debt-to-Asset Ratio | 82.5% |
| Months of Reserves | 18.2 months |
Financial Health Grade: C
In 2023, Brunswick Meadows Homeowners Association Inc reported a deficit of $33K with expenses exceeding revenue, holds 18.2 months of operating reserves (strong position), has a debt-to-asset ratio of 82.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Brunswick Meadows Homeowners Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.0% | +38.4% | -3.6% |
| 2022 | +15.4% | +1.4% | +15.8% |
| 2021 | -23.7% | -6.2% | +17.5% |
| 2020 | +15.3% | -12.9% | +44.4% |
| 2019 | +21.1% | +33.0% | -25.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Brunswick Meadows Homeowners Association Inc with a Mission Score of 85 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Brunswick Meadows Homeowners Association Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $33K, with expenses exceeding revenue.
- Debt-to-asset ratio: 82.5%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's officers are likely volunteers, which is a positive sign for minimizing administrative overhead and maximizing resources for 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.
Red Flags
The following concerns were identified during AI analysis of Brunswick Meadows Homeowners Association Inc's IRS 990 filings:
- Significant increase in liabilities from $1,288,354 in 2022 to $1,533,014 in 2023, warranting further scrutiny.
- Expenses ($1,223,269) slightly exceeded revenue ($1,190,115) in the latest 2023 filing, indicating a minor operational deficit.
Strengths
The following positive indicators were identified for Brunswick Meadows Homeowners Association Inc:
- Consistent revenue generation, generally exceeding expenses in most periods.
- Zero officer compensation reported across all filings, indicating efficient use of funds and likely volunteer leadership.
- Healthy asset base, reaching $1,857,921 in 2023, providing financial stability.
- Consistent filing history (13 filings), demonstrating transparency and compliance.
Frequently Asked Questions about Brunswick Meadows Homeowners Association Inc
Is Brunswick Meadows Homeowners Association Inc a legitimate charity?
Brunswick Meadows Homeowners Association Inc (EIN: 201522777) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.1M. 2 red flags identified. 4 strengths noted. Financial health grade: C.
How does Brunswick Meadows Homeowners Association Inc spend its money?
Brunswick Meadows Homeowners Association Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Brunswick Meadows Homeowners Association Inc tax-deductible?
Brunswick Meadows Homeowners Association Inc is registered as a tax-exempt nonprofit (EIN: 201522777). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Brunswick Meadows Homeowners Association Inc's spending goes to programs?
Brunswick Meadows Homeowners Association Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Brunswick Meadows Homeowners Association Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Brunswick Meadows Homeowners Association Inc is above average for NTEE category L50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Brunswick Meadows Homeowners Association Inc located?
Brunswick Meadows Homeowners Association Inc is headquartered in Houston, Texas and files with the IRS under EIN 201522777. It is classified under NTEE code L50.
How many years of IRS 990 filings does Brunswick Meadows Homeowners Association Inc have?
Brunswick Meadows Homeowners Association Inc 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 $2.1M in total revenue.
What caused the significant increase in liabilities from $1,288,354 in 2022 to $1,533,014 in 2023?
The IRS 990 filings show a notable increase in liabilities. Further investigation into the specific line items on the balance sheet would be needed to determine if this is due to new debt, deferred revenue, or other obligations.
How does the organization plan to address the slight deficit reported in the 2023 fiscal period where expenses ($1,223,269) exceeded revenue ($1,190,115)?
While the deficit is minor, understanding the contributing factors and any planned adjustments to budgeting or revenue generation would be important for future financial stability.
What are the primary programs or services funded by the HOA's expenses?
As an HOA, expenses typically cover maintenance of common areas, amenities, administrative costs, and potentially community events. A detailed breakdown of program service expenses would clarify the allocation of funds.
Filing History
IRS 990 filing history for Brunswick Meadows Homeowners Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Brunswick Meadows Homeowners Association Inc's revenue has grown by 72.3%, moving from $691K to $1.2M. Total assets increased by 374.5% over the same period, from $392K to $1.9M. Total functional expenses rose by 52.6%, from $802K to $1.2M. In its most recent filing year (2023), Brunswick Meadows Homeowners Association Inc reported a deficit of $33K, with expenses exceeding revenue. The organization holds $1.5M in liabilities against $1.9M in assets (debt-to-asset ratio: 82.5%), resulting in net assets of $325K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.2M | $1.9M | $1.5M | — | View 990 |
| 2022 | $1.2M | $884K | $1.9M | $1.3M | — | View 990 |
| 2021 | $1.1M | $871K | $1.7M | $845K | — | — |
| 2020 | $1.4M | $929K | $1.4M | $789K | — | — |
| 2019 | $1.2M | $1.1M | $981K | $318K | — | View 990 |
| 2018 | $987K | $802K | $1.3M | $441K | — | View 990 |
| 2017 | $954K | $1.0M | $1.2M | $95K | — | View 990 |
| 2016 | $992K | $882K | $1.3M | $122K | — | View 990 |
| 2015 | $1.1M | $856K | $1.3M | $183K | — | View 990 |
| 2014 | $908K | $654K | $1.0M | $159K | — | View 990 |
| 2013 | $902K | $618K | $851K | $143K | — | View 990 |
| 2012 | $766K | $827K | $754K | $330K | — | View 990 |
| 2011 | $691K | $802K | $392K | $50K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.2M, and assets of $1.9M (revenue -2.0% year-over-year).
- 2022: Revenue of $1.2M, expenses of $884K, and assets of $1.9M (revenue +15.4% year-over-year).
- 2021: Revenue of $1.1M, expenses of $871K, and assets of $1.7M (revenue -23.7% year-over-year).
- 2020: Revenue of $1.4M, expenses of $929K, and assets of $1.4M (revenue +15.3% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.1M, and assets of $981K (revenue +21.1% year-over-year).
- 2018: Revenue of $987K, expenses of $802K, and assets of $1.3M (revenue +3.5% year-over-year).
- 2017: Revenue of $954K, expenses of $1.0M, and assets of $1.2M (revenue -3.9% year-over-year).
- 2016: Revenue of $992K, expenses of $882K, and assets of $1.3M (revenue -9.2% year-over-year).
- 2015: Revenue of $1.1M, expenses of $856K, and assets of $1.3M (revenue +20.4% year-over-year).
- 2014: Revenue of $908K, expenses of $654K, and assets of $1.0M (revenue +0.7% year-over-year).
- 2013: Revenue of $902K, expenses of $618K, and assets of $851K (revenue +17.7% year-over-year).
- 2012: Revenue of $766K, expenses of $827K, and assets of $754K (revenue +11.0% year-over-year).
- 2011: Revenue of $691K, expenses of $802K, and assets of $392K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Brunswick Meadows Homeowners Association Inc:
Data Sources and Methodology
This transparency report for Brunswick Meadows Homeowners Association Inc 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.