Terrace P U D Owners Association Inc in Midland, Texas (TX)

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Terrace P U D Owners Association Inc
Employer Identification Number (EIN)742798527
Name of OrganizationTerrace P U D Owners Association Inc
Address6 Desta Dr Ste 3600, Midland, TX 79705-5520
ActivitiesReal estate association
SubsectionSocial Welfare Organization
Ruling Date01/1998
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$115,739
Amount of Income$39,892
Form 990 Revenue Amount$39,892


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Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$40,231$65,948$39,892
Contributions, gifts, grants, and similar amounts received$40,231$65,948$39,892
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$0$0$0
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$34,253$46,516$36,745
Total net assets$92,205$111,637$114,784
Excess/Deficit for the year$5,978$19,432$3,147
Net assets or fund balances at beginning of year$86,227$92,205$111,637
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$111,637$114,784
Balance Sheets
201120122013
Total assets$92,205$111,681$115,739
Total liabilities$0$44$955
Net assets or fund balances$92,205$111,637$114,784
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:Not provided
Number of organizations supported0
Sum of amounts of support$0
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