Nonprofit · EIN 76-0496570
NEW PROPERTY OWNERS ASSOCIATION OF NEWPORT INC
Tax-exempt · CROSBY, TX 77532
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,776,076 | $5,086,709 | -$310,633 | $4,337,688 | $1,889,486 | $2,448,202 |
| December 31, 2023 | 990 | $4,877,150 | $4,932,781 | -$55,631 | $4,820,436 | $2,061,601 | $2,758,835 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,989,437
- Membership dues
- $2,989,437
- Program service revenue
- $1,683,788
- Investment income
- $16,314
- Net rental income
- $7,876
- Net gain from sales of assets
- $12,387
- Other revenue
- $86,537
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $554,056
- Salaries, compensation and benefits (total)
- $597,977
- Professional fundraising fees
- $0
- Legal fees
- $44,796
- Accounting fees
- $20,620
- Depreciation
- $134,872
- Program services (functional)
- $4,731,578
- Management and general (functional)
- $355,131
Balance sheet and other
- Total assets, start of year
- $4,820,436
- Total assets, end of year
- $4,337,688
- Total liabilities, end of year
- $1,889,486
- Net assets, end of year
- $2,448,202
- Land, buildings and equipment
- $2,299,185
- Gross receipts
- $4,776,076
- Employees
- 48
- Volunteers
- 9
- Year formed
- 1996
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kim Davila | President Trustee or director, Officer | 2 | $0 |
| Norman Outley | Vice President Trustee or director, Officer | 2 | $0 |
| Nancy Gaudet | Secretary Trustee or director, Officer | 2 | $0 |
| Eileen Fashoro | Director Trustee or director | 2 | $0 |
| Terry Hood | Director Trustee or director | 2 | $0 |
| Jeff Stilwell | Treasurer Trustee or director, Officer | 2 | $0 |
| Joe Denman | Director Trustee or director | 2 | $0 |
| Teresa Platt | General Manager Key employee | 50 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jeff Stilwell | Director Trustee or director | 2 | $0 |
| Gerald Kelley | Director Trustee or director | 2 | $0 |
| Ruben Leal | Director Trustee or director | 2 | $0 |
| Eileen Fashoro | Treasurer Trustee or director, Officer | 2 | $0 |
| Kim Davila | President Trustee or director, Officer | 2 | $0 |
| Nancy Gaudet | Secretary Trustee or director, Officer | 2 | $0 |
| Norman Outley | Vice President Trustee or director, Officer | 2 | $0 |
| Carol Jones | General Manager Key employee | 50 | $0 |
Address and contacts
- Address (IRS master file)
- 2102 COUNTRY CLUB DR, CROSBY, TX 77532-5056
- In care of
- % NANCY GAUDET
- Signed the 990
- NANCY GAUDET, Secretary
- Phone
- (713) 647-0007
- Return prepared by
- Cox CPA Services Inc
Mission
To provide for the betterment of the Newport community through providing services, and the maintenance of the common elements of the community. This includes the providing of various services, community events and the maintenance of the common elements.
Program accomplishments
- To provide for the betterment of the Newport community through providing services, and the maintenance of the common elements of the community. This includes the providing of various services, community events and the maintenance of the common elements.Expenses $4,731,578
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 76-0496570
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $4,337,688
- Income (IRS master file)
- $4,776,076
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,776,076 | $5,086,709 | $4,337,688 | XML |
| 990 | December 2023 | $4,877,150 | $4,932,781 | $4,820,436 | XML |
| 990 | December 2022 | $4,610,466 | $4,471,344 | $4,922,086 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 76-0496570).
Questions about NEW PROPERTY OWNERS ASSOCIATION OF NEWPORT INC
- What is the EIN of NEW PROPERTY OWNERS ASSOCIATION OF NEWPORT INC?
- The employer identification number (EIN) of NEW PROPERTY OWNERS ASSOCIATION OF NEWPORT INC is 76-0496570.
- Is NEW PROPERTY OWNERS ASSOCIATION OF NEWPORT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1997.
- Are donations to NEW PROPERTY OWNERS ASSOCIATION OF NEWPORT INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NEW PROPERTY OWNERS ASSOCIATION OF NEWPORT INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEW PROPERTY OWNERS ASSOCIATION OF NEWPORT INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW PROPERTY OWNERS ASSOCIATION OF NEWPORT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of NEW PROPERTY OWNERS ASSOCIATION OF NEWPORT INC?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does NEW PROPERTY OWNERS ASSOCIATION OF NEWPORT INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,776,076, expenses of $5,086,709 and total assets of $4,337,688 at year end.
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