Windsor Lakes Homeowners Association Inc
Windsor Lakes HOA maintains strong assets despite a recent operating deficit, with no reported officer compensation.
EIN: 201186985 · Conroe, TX · Updated: 2026-03-28
Is Windsor Lakes 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 →
Windsor Lakes Homeowners Association Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Windsor Lakes Homeowners Association Inc
Windsor Lakes Homeowners Association Inc (EIN: 201186985) is a nonprofit organization based in Conroe, TX. The organization reported total revenue of $2.3M and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Windsor Lakes Homeowners 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 Windsor Lakes 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, Windsor Lakes 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.
Executive Compensation Analysis
The organization reports 0% officer compensation, indicating that no salaries were paid to its officers, which is highly favorable for resource allocation.
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 Windsor Lakes Homeowners Association Inc:
- Strong asset base ($2,674,317) relative to liabilities ($183,795 in 2023), indicating financial stability.
- Zero reported officer compensation, suggesting efficient use of funds for operational purposes.
- Consistent revenue generation, with over $2 million in the latest reported period.
Frequently Asked Questions about Windsor Lakes Homeowners Association Inc
Is Windsor Lakes Homeowners Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Windsor Lakes Homeowners Association Inc (EIN: 201186985) appears legitimate. Mission Score: 85/100. 0 red flags identified, 3 strengths noted.
How does Windsor Lakes Homeowners Association Inc spend its money?
Windsor Lakes Homeowners Association Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Windsor Lakes Homeowners Association Inc tax-deductible?
Windsor Lakes Homeowners Association Inc is registered as a tax-exempt nonprofit (EIN: 201186985). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Windsor Lakes Homeowners Association Inc a good charity?
As a homeowners association, its primary purpose is to manage and maintain common areas and enforce rules for its community, rather than operate as a traditional charity. Based on its financial health and zero officer compensation, it appears to be well-managed for its stated purpose.
What caused the operating deficit in 2023?
The filing shows expenses of $2,337,650 against revenues of $2,098,152 in 2023, resulting in a deficit. Without a detailed expense breakdown, the specific causes are unclear, but it could be due to significant capital improvements, unexpected maintenance, or increased operational costs.
Filing History
IRS 990 filing history for Windsor Lakes Homeowners Association Inc showing financial trends over 1 year of public records:
In its most recent filing year (2023), Windsor Lakes Homeowners Association Inc reported a deficit of $239K, with expenses exceeding revenue. The organization holds $184K in liabilities against $2.2M in assets (debt-to-asset ratio: 8.3%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $2.3M | $2.2M | $184K | — | — |
Data Sources and Methodology
This transparency report for Windsor Lakes 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.