THE NEIGHBORHOODS OF CYPRESS WATERS ASSOCIATION

EIN: 811417062

DALLAS, TX

Total Revenue
$1,371,596
Total Expenses
$1,371,596
Total Assets
$532,367
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
TX
Principal Officer
LUCY BILLINGSLEY
Phone
2142701000
Tax Period
2023-01-01 to 2023-12-31

THE NEIGHBORHOODS OF CYPRESS WATERS ASSOCIATION, founded in 2014, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 142% from the prior year, signaling strong growth momentum.

Mission

THE ACTIVITY IS YEAR ROUND MAINTAINENANCE AND IMPROVEMENT OF THE COMMON AREAS WITHIN THE MASTER PLANNED DEVELOPMENT, INCLUDING LANDSCAPING, TREES, PARK FEATURES, HIKING & BIKING TRAILS, WATER & ART FEATURES, DOG PARKS, RESTROOM FACILITIES, AND PICNIC AREAS.THE ACTIVITY IS CONDUCTED BY THE NEIGHBORHOODS OF CYPRESS WATERS ASSOCIATION, INC.THE ACTIVITY IS CONDUCTED AT THE 1,300 ACRE DEVELOPMENT IN DALLAS, TEXAS.100 PERCENT OF THE ASSOCIATION'S TIME IS ALLOCATED TO THE ACTIVITY.THE ACTIVITY IS FUNDED BY FEES BILLED TO THE PROPERTY OWNERS FOR EACH OWNER'S PERCENTAGE SHARE AS CALCULATED PURSUANT TO THE COVENANTS, CONDITIONS AND RESTRICTIONS.THE ACTIVITY OF MAINTAINING THE PARK SPACES AND TRAILS BENEFITS THE GENERAL PUBLIC, HOME OWNERS, AND BUSINESS OWNERS THAT LIVE OR WORK IN THE NEARBY AREAS. THE PARK AREAS BECOME GATHERING PLACES THAT ATTRACT PEOPLE FROM THROUGHOUT DALLAS AND THE SURROUNDING AREAS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,371,596
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,371,596

Expense Breakdown

Grants Paid $0
Salaries & Benefits $52,078
Fundraising Expenses $0
Program Expenses $1,371,596
Other Expenses $1,316,014
TOTAL EXPENSES $1,371,596

Year-over-Year Comparison

2023 2022 Change
Revenue $1,371,596 $567,536 +1.4%
Expenses $1,371,596 $567,536 +1.4%
Net Income $0 $0 N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
4

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LUCY BILLINGSLEY PRESIDENT 0.25
Officer Director
$0 $0 $0
BRETT JOHANSSON SR. VP/TREASURER 0.25
Officer Director
$0 $0 $0
KENNETH D MABRY SR. VP/SECRETARY 0.25
Officer Director
$0 $0 $0
LUCILO PENA SENIOR VICE PRESIDENT 0.25
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,371,596 $1,371,596 $532,367 No data
2022 $567,536 $567,536 $360,639 No data
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