Stone Oak Property Owners Association Inc

Overview

The Stone Oak Property Owners Association Inc., designated as a 501(c)(4) nonprofit organization, operates as a civic league and social welfare organization. Its primary purpose is to enhance community welfare through charitable, educational, or recreational activities. Contributions to this organization are not tax deductible[1].

Financial Overview

Stone Oak Property Owners Association Inc. generates its revenue primarily from program services, which have accounted for over 90% of its total revenue in recent years. Other sources of income include investment income and other revenue streams. The organization does not receive any contributions, and donations are not tax deductible[1].

Notable Revenue Sources

• Program Services: This has consistently been the largest source of revenue, varying between 90.1% and 91.5% of total revenue across different fiscal years[1].
• Investment Income: Provides a smaller portion of revenue, typically less than 2%[1].
• Other Revenue: Comprises the remainder, typically around 6% to 8% of total revenue[1].

Notable Expenses

• Salaries and Wages: This expense category has consistently accounted for around 20% to 23% of total expenses[1].

Assets and Liabilities

As of recent filings, the association's total assets have varied, with totals reported around $1.6 million to $1.8 million. Total liabilities have been significantly lower, ranging from $168,221 to $386,794[1].

Community Role

The Stone Oak Property Owners Association plays a crucial role in maintaining and enhancing the community's quality of life. It is part of a master-planned community in San Antonio, Texas, previously comprising several ranches. The association is responsible for ensuring adherence to community standards and organizing activities that benefit residents[3][4].