Grand Mission Homeowners Association Inc

EIN: 861104893 · Katy, TX · NTEE: L50

$4.7MRevenue

$2.4MAssets

0/100Mission Score (Very Poor)

L50

About Grand Mission Homeowners Association Inc

Grand Mission Homeowners Association Inc (EIN: 861104893) is a nonprofit organization based in Katy, TX, classified under NTEE code L50. The organization reported total revenue of $4.7M and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grand Mission Homeowners Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Analysis Pending

AI enrichment for Grand Mission Homeowners Association Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Grand Mission Homeowners Association Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Filing History

IRS 990 filing history for Grand Mission Homeowners Association Inc showing financial trends over 7 years of public records:

Over 7 years of IRS 990 filings (2016–2022), Grand Mission Homeowners Association Inc's revenue has grown by 75.4%, moving from $2.2M to $3.9M. Total assets increased by 105.8% over the same period, from $747K to $1.5M. Total functional expenses rose by 59.8%, from $2.4M to $3.9M. In its most recent filing year (2022), Grand Mission Homeowners Association Inc reported a deficit of $5K, with expenses exceeding revenue. The organization holds $1.2M in liabilities against $1.5M in assets (debt-to-asset ratio: 77.5%), resulting in net assets of $346K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2022	$3.9M	$3.9M	$1.5M	$1.2M	—	View 990
2021	$3.4M	$3.2M	$1.5M	$1.1M	—	View 990
2020	$3.2M	$3.0M	$623K	$793K	—	—
2019	$2.8M	$2.9M	$451K	$821K	—	View 990
2018	$2.5M	$2.8M	$899K	$926K	—	View 990
2017	$2.3M	$2.5M	$575K	$654K	—	View 990
2016	$2.2M	$2.4M	$747K	$604K	—	View 990

Year-by-Year Financial Summary

2022: Revenue of $3.9M, expenses of $3.9M, and assets of $1.5M (revenue +13.8% year-over-year).
2021: Revenue of $3.4M, expenses of $3.2M, and assets of $1.5M (revenue +6.9% year-over-year).
2020: Revenue of $3.2M, expenses of $3.0M, and assets of $623K (revenue +11.8% year-over-year).
2019: Revenue of $2.8M, expenses of $2.9M, and assets of $451K (revenue +14.1% year-over-year).
2018: Revenue of $2.5M, expenses of $2.8M, and assets of $899K (revenue +9.2% year-over-year).
2017: Revenue of $2.3M, expenses of $2.5M, and assets of $575K (revenue +3.4% year-over-year).
2016: Revenue of $2.2M, expenses of $2.4M, and assets of $747K.

Data Sources and Methodology

This transparency report for Grand Mission 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.