Waterview Estates Owners Association Inc
Waterview Estates Owners Association Inc shows consistent revenue growth and asset accumulation with no officer compensation.
EIN: 201283917 · Richmond, TX · NTEE: L50 · Updated: 2026-03-28
Is Waterview Estates Owners Association Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Waterview Estates Owners Association Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Waterview Estates Owners Association Inc
Waterview Estates Owners Association Inc (EIN: 201283917) is a nonprofit organization based in Richmond, TX, classified under NTEE code L50. The organization reported total revenue of $1.2M and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Waterview Estates Owners Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Waterview Estates Owners Association Inc 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, Waterview Estates Owners 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.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all five years of filings, indicating that no funds are allocated to executive salaries, which is highly unusual for an organization of its revenue size (over $1 million annually).
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 Waterview Estates Owners Association Inc:
- Consistent revenue growth, from $1,016,745 in 2018 to $1,110,653 in 2022.
- Significant asset accumulation, more than doubling from $987,507 in 2018 to $2,092,202 in 2022.
- 0% officer compensation reported across all five years, indicating high efficiency and dedication of funds to operations.
- Expenses consistently lower than revenue, allowing for healthy surpluses and asset growth.
- Low liabilities relative to assets, with liabilities at $226,018 against assets of $2,092,202 in 2022.
Frequently Asked Questions about Waterview Estates Owners Association Inc
Is Waterview Estates Owners Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Waterview Estates Owners Association Inc (EIN: 201283917) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Waterview Estates Owners Association Inc spend its money?
Waterview Estates Owners Association Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Waterview Estates Owners Association Inc tax-deductible?
Waterview Estates Owners Association Inc is registered as a tax-exempt nonprofit (EIN: 201283917). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Waterview Estates Owners Association Inc financially stable?
Yes, the organization demonstrates strong financial stability with consistent revenue growth from $1,016,745 in 2018 to $1,110,653 in 2022, and a significant increase in assets from $987,507 to $2,092,202 over the same period.
How does Waterview Estates Owners Association Inc manage executive compensation?
The organization reports 0% officer compensation in all available filings, indicating that no salaries are paid to its officers.
What is the trend in the organization's assets?
Assets have more than doubled over the five-year period, growing from $987,507 in 2018 to $2,092,202 in 2022, indicating strong financial health and accumulation of resources.
Filing History
IRS 990 filing history for Waterview Estates Owners Association Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2018–2022), Waterview Estates Owners Association Inc's revenue has grown by 9.2%, moving from $1.0M to $1.1M. Total assets increased by 111.9% over the same period, from $988K to $2.1M. Total functional expenses rose by 4.8%, from $751K to $787K. In its most recent filing year (2022), Waterview Estates Owners Association Inc reported a surplus of $324K, with revenue exceeding expenses. The organization holds $226K in liabilities against $2.1M in assets (debt-to-asset ratio: 10.8%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2022 | $1.1M | $787K | $2.1M | $226K | — | View 990 |
| 2021 | $1.1M | $716K | $1.8M | $293K | — | View 990 |
| 2020 | $1.1M | $792K | $1.5M | $304K | — | View 990 |
| 2019 | $1.1M | $852K | $1.3M | $362K | — | View 990 |
| 2018 | $1.0M | $751K | $988K | $243K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $1.1M, expenses of $787K, and assets of $2.1M (revenue -0.7% year-over-year).
- 2021: Revenue of $1.1M, expenses of $716K, and assets of $1.8M (revenue +4.2% year-over-year).
- 2020: Revenue of $1.1M, expenses of $792K, and assets of $1.5M (revenue -1.0% year-over-year).
- 2019: Revenue of $1.1M, expenses of $852K, and assets of $1.3M (revenue +6.6% year-over-year).
- 2018: Revenue of $1.0M, expenses of $751K, and assets of $988K.
Data Sources and Methodology
This transparency report for Waterview Estates Owners 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.