Cross Oak Ranch Homeowners Association Inc
Cross Oak Ranch HOA shows consistent revenue growth and maintains a healthy financial surplus with no reported officer compensation.
EIN: 200378484 · Frisco, TX · NTEE: L99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $869K |
| Program Spending | 90% |
| Net Assets | $1.5M |
| Transparency Score | 85/100 |
Is Cross Oak Ranch Homeowners Association Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cross Oak Ranch Homeowners Association Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cross Oak Ranch Homeowners Association Inc
Cross Oak Ranch Homeowners Association Inc (EIN: 200378484) is a nonprofit organization based in Frisco, TX, classified under NTEE code L99. The organization reported total revenue of $1.3M and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cross Oak Ranch Homeowners Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cross Oak Ranch Homeowners Association Inc is a mid-size nonprofit that has been operating for 7 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 5.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $869K |
| Surplus / Deficit | +$249K |
| Total Assets | $1.9M |
| Total Liabilities | $372K |
| Net Assets | $1.5M |
| Operating Margin | 22.3% |
| Debt-to-Asset Ratio | 19.8% |
| Months of Reserves | 25.9 months |
Financial Health Grade: A
In 2023, Cross Oak Ranch Homeowners Association Inc reported a surplus of $249K with revenue exceeding expenses, holds 25.9 months of operating reserves (strong position), has a debt-to-asset ratio of 19.8% (very low leverage).
Financial Trends
Over 6 years of filings (2018–2023), Cross Oak Ranch Homeowners Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.9% | +1.9% | +13.7% |
| 2022 | +5.8% | +14.7% | +9.3% |
| 2021 | -2.4% | +4.2% | +14.1% |
| 2020 | -2.3% | -28.4% | +24.4% |
| 2019 | +10.3% | +8.7% | -3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2019 |
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 Cross Oak Ranch 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Cross Oak Ranch Homeowners Association Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $249K, with revenue exceeding expenses.
- Debt-to-asset ratio: 19.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all six available filings, indicating that no salaries or other compensation are paid to officers, which is highly favorable for a member-funded association.
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 Cross Oak Ranch Homeowners Association Inc:
- Consistent revenue growth, from $867,598 in 2018 to $1,117,503 in 2023.
- Healthy financial surplus in most recent years, with expenses consistently below revenue.
- Steady increase in assets, indicating strong financial management and reserve building.
- 0% officer compensation reported across all filings, suggesting efficient use of funds and potential volunteer leadership.
- Low liabilities relative to assets, indicating a strong balance sheet.
Frequently Asked Questions about Cross Oak Ranch Homeowners Association Inc
Is Cross Oak Ranch Homeowners Association Inc a legitimate charity?
Cross Oak Ranch Homeowners Association Inc (EIN: 200378484) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 85/100. It has 6 years of IRS 990 filings on record. Total revenue: $1.3M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Cross Oak Ranch Homeowners Association Inc spend its money?
Cross Oak Ranch Homeowners Association Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Cross Oak Ranch Homeowners Association Inc tax-deductible?
Cross Oak Ranch Homeowners Association Inc is registered as a tax-exempt nonprofit (EIN: 200378484). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Cross Oak Ranch Homeowners Association Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Cross Oak Ranch Homeowners Association Inc is above average for NTEE category L99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cross Oak Ranch Homeowners Association Inc located?
Cross Oak Ranch Homeowners Association Inc is headquartered in Frisco, Texas and files with the IRS under EIN 200378484. It is classified under NTEE code L99.
How many years of IRS 990 filings does Cross Oak Ranch Homeowners Association Inc have?
Cross Oak Ranch Homeowners Association Inc has 6 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 $1.3M in total revenue.
Is Cross Oak Ranch Homeowners Association Inc. financially stable?
Yes, the organization appears financially stable, consistently generating more revenue than expenses in recent years (e.g., $1,117,503 revenue vs. $868,646 expenses in 2023) and steadily increasing its assets from $1,100,845 in 2018 to $1,873,795 in 2023.
How does Cross Oak Ranch HOA manage executive compensation?
Cross Oak Ranch HOA reports 0% officer compensation in all available IRS 990 filings, indicating that no salaries or other forms of compensation are provided to its officers.
What is the trend in the organization's assets?
The organization's assets have shown a consistent upward trend, growing from $1,100,845 in 2018 to $1,873,795 in 2023, reflecting healthy financial growth and accumulation of resources.
Filing History
IRS 990 filing history for Cross Oak Ranch Homeowners Association Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Cross Oak Ranch Homeowners Association Inc's revenue has grown by 28.8%, moving from $868K to $1.1M. Total assets increased by 70.2% over the same period, from $1.1M to $1.9M. Total functional expenses fell by 5.2%, from $917K to $869K. In its most recent filing year (2023), Cross Oak Ranch Homeowners Association Inc reported a surplus of $249K, with revenue exceeding expenses. The organization holds $372K in liabilities against $1.9M in assets (debt-to-asset ratio: 19.8%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $869K | $1.9M | $372K | — | — |
| 2022 | $964K | $852K | $1.6M | $394K | — | — |
| 2021 | $912K | $743K | $1.5M | $312K | — | View 990 |
| 2020 | $935K | $713K | $1.3M | $295K | — | View 990 |
| 2019 | $957K | $996K | $1.1M | $257K | — | View 990 |
| 2018 | $868K | $917K | $1.1M | $256K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $869K, and assets of $1.9M (revenue +15.9% year-over-year).
- 2022: Revenue of $964K, expenses of $852K, and assets of $1.6M (revenue +5.8% year-over-year).
- 2021: Revenue of $912K, expenses of $743K, and assets of $1.5M (revenue -2.4% year-over-year).
- 2020: Revenue of $935K, expenses of $713K, and assets of $1.3M (revenue -2.3% year-over-year).
- 2019: Revenue of $957K, expenses of $996K, and assets of $1.1M (revenue +10.3% year-over-year).
- 2018: Revenue of $868K, expenses of $917K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cross Oak Ranch Homeowners Association Inc:
Data Sources and Methodology
This transparency report for Cross Oak Ranch 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.