TY 2015 Form 990

(A)
Name and Title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W- 2/1099-MISC)

(E)
Reportable compensation from related organizations (W- 2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(1) BARRY SMITH......................................................................
PRESIDENT

3.00
.................

(2) DAVID EARGLE......................................................................
VICE PRESIDENT

3.00
.................

(3) CARL SEIDULE......................................................................
TREASURER

3.00
.................

(4) SAM LINCOLN......................................................................
SECRETARY

3.00
.................

(5) LARRY KING......................................................................
TRUSTEE

3.00
.................

(6) JOHN TRICOLI......................................................................
TRUSTEE

3.00
.................

(7) DANNY MCNEASE......................................................................
TRUSTEE

3.00
.................

(8) RICK ADAMS......................................................................
DIRECTOR OF FOOD&BEVERAGE

40.00
.................

120,563

25,675

(9) JOE ROSA......................................................................
DIRECTOR OF TENNIS

40.00
.................

101,092

25,607

(A)
Name and Title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W- 2/1099-MISC)

(E)
Reportable compensation from related organizations (W- 2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(A)
Name and business address

(B)
Description of services

MONTGOMERY COUNTY TEXAS

PO BOX 539
CONROE,TX77305

SUBDIVISION SECURITY

266,283

DAUGHTRY & JORDAN PC

17044 EL CAMINO REAL
HOUSTON,TX77058

LEGAL

203,653

Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register ...	2d


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......	1	6,228,270
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................	2e	0
3	Subtract line 2e from line 1..................	3	6,228,270
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b....................	4c	0
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......	5	6,228,270

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........	1	5,337,809
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d....................	2e	0
3	Subtract line 2e from line 1...................	3	5,337,809
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.....................	4c	0
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......	5	5,337,809

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.

OMB No. 1545-0047

2015

Open to Public
Inspection

Name of the organization

WALDEN ON LAKE CONROE COMMUNITY
IMPROVEMENT ASSOCIATION

Employer identification number

23-7183733

Return Reference	Explanation
Form 990, Part VI, Section A, line 6	Membership is automatic upon purchasing a lot or residence.
Form 990, Part VI, Section A, line 7a	Members may vote for board of Trustees during the November election.
Form 990, Part VI, Section B, line 11	Tax return is submitted to the general manager, finance committee and external CPA for review. After approval, the tax return is submitted to the board of trustees for review and approval.
Form 990, Part VI, Section B, line 12c	Annually board members are required to sign a disclosurer form that states they have read the conflict of interest policy and they understand the policy. The form also has a place for them to disclose any conflicting relationships.
Form 990, Part VI, Section B, line 15a	Board of Trustees, or their designee, or committee annually evaluate the General Manager based on a review of comparable data. This may include salary studies by independent source;written job offers for positions at similar organizations;documented phone calls about similar positions; information obtained from IRS form 990 of similar organizations.
Form 990, Part VI, Section C, line 18	The tax return and application are available in the management office during normal business hours.
Form 990, Part VI, Section C, line 19	Governing documents are available on the website.Financial statements are available in the management office during normal business hours.
Form 990, Part IX, line 24e	ADMINISTRATIVE: Program service expenses 0. Management and general expenses 206153. Fundraising expenses 0. Total expenses 206153. SUPPLIES: Program service expenses 150194. Management and general expenses 0. Fundraising expenses 0. Total expenses 150194. FITNESS CONTRACT: Program service expenses 106830. Management and general expenses 0. Fundraising expenses 0. Total expenses 106830. MEMBER RELATIONS: Program service expenses 77786. Management and general expenses 0. Fundraising expenses 0. Total expenses 77786. ADMIN BUILDING AND FRONT ENTRANCE: Program service expenses 0. Management and general expenses 52733. Fundraising expenses 0. Total expenses 52733. CREDIT CARD DISCOUNTS: Program service expenses 41219. Management and general expenses 0. Fundraising expenses 0. Total expenses 41219. ENTERTAINMENT AND SHOWS: Program service expenses 41109. Management and general expenses 0. Fundraising expenses 0. Total expenses 41109. LAUNDRY AND LINEN: Program service expenses 39999. Management and general expenses 0. Fundraising expenses 0. Total expenses 39999. POSTAGE: Program service expenses 35643. Management and general expenses 0. Fundraising expenses 0. Total expenses 35643. RACQUET CENTER: Program service expenses 34218. Management and general expenses 0. Fundraising expenses 0. Total expenses 34218. TAXES-PROPERTY: Program service expenses 28748. Management and general expenses 0. Fundraising expenses 0. Total expenses 28748. YACHT CLUB EXPENSE: Program service expenses 26152. Management and general expenses 0. Fundraising expenses 0. Total expenses 26152. GAS AND OIL: Program service expenses 22623. Management and general expenses 0. Fundraising expenses 0. Total expenses 22623. PRINTING: Program service expenses 22520. Management and general expenses 0. Fundraising expenses 0. Total expenses 22520. RENT: Program service expenses 20640. Management and general expenses 0. Fundraising expenses 0. Total expenses 20640. LIQUOR TAXES: Program service expenses 19646. Management and general expenses 0. Fundraising expenses 0. Total expenses 19646. BASEBALL FIELD: Program service expenses 18771. Management and general expenses 0. Fundraising expenses 0. Total expenses 18771. TOURNAMENT EXPENSE: Program service expenses 17790. Management and general expenses 0. Fundraising expenses 0. Total expenses 17790. BAD DEBTS: Program service expenses 15416. Management and general expenses 0. Fundraising expenses 0. Total expenses 15416. PROFESSIONAL SERVICES: Program service expenses 13822. Management and general expenses 0. Fundraising expenses 0. Total expenses 13822. UNIFORMS: Program service expenses 10602. Management and general expenses 0. Fundraising expenses 0. Total expenses 10602. DEER MANAGEMENT: Program service expenses 9117. Management and general expenses 0. Fundraising expenses 0. Total expenses 9117. BUSINESS PROMOTION: Program service expenses 6804. Management and general expenses 0. Fundraising expenses 0. Total expenses 6804. DEED RESTRICTIONS: Program service expenses 6345. Management and general expenses 0. Fundraising expenses 0. Total expenses 6345. HIKING TRAIL AND BOAT DOCK: Program service expenses 2339. Management and general expenses 0. Fundraising expenses 0. Total expenses 2339.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2015

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: Provide for the maintenance and preservation of the common areas; promote the health,safety,and welfare of the community.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	7
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	0
5	Total number of individuals employed in calendar year 2015 (Part V, line 2a) ......	5	147
6	Total number of volunteers (estimate if necessary) .............	6	20
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	761,027
b	Net unrelated business taxable income from Form 990-T, line 34 .........	7b	-195,276

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	0	0
9	Program service revenue (Part VIII, line 2g) .........	6,194,663	6,184,662
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	6,996	4,323
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	64,217	39,285
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	6,265,876	6,228,270
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	0	0
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	1,957,848	2,056,284
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	3,254,416	3,281,525
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	5,212,264	5,337,809
19	Revenue less expenses. Subtract line 18 from line 12.......	1,053,612	890,461
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	6,336,829	7,337,134
21	Total liabilities (Part X, line 26).............	2,489,565	2,599,409
22	Net assets or fund balances. Subtract line 21 from line 20.....	3,847,264	4,737,725

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 2,127,476 including grants of $ ) (Revenue $ )
	Maintenance and preservation of the common areas.

4b	(Code: ) (Expenses $ 2,428,981 including grants of $ ) (Revenue $ )
	Promotion of social welfare and recreation.

4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses4,556,457

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	221,655	0	51,282

1a	Federated campaigns..	1a
b	Membership dues..	1b
c	Fundraising events..	1c
d	Related organizations	1d
e	Government grants (contributions)	1e

f	All other contributions, gifts, grants, and similar amounts not included above	1f

g	Noncash contributions included in lines 1a-1f:$
h Total.Add lines 1a-1f.......

		Business Code
2a	MAINTENANCE FEES	531310	4,157,965	4,157,965
b	FOOD & BEVERAGE	722100	1,176,913	509,588	667,325
c	OTHER	531390	727,504	673,087	54,417
d	GROUNDS MAINTENANCE	531390	94,731	94,731
e	SALES	531390	27,549	27,549
f	All other program service revenue.
g Total.Add lines 2a–2f.....			6,184,662

3 Investment income (including dividends, interest, and othersimilar amounts) ..........			4,323	4,323
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
		(ii) Personal	(i) Real
6a	Gross rents
b	Less: rental expenses
c	Rental income or (loss)
d	Net rental income or (loss)......
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory
b	Less: cost or other basis and sales expenses
c	Gain or (loss)
d	Net gain or (loss).....
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
	a
b	Less: direct expenses ...b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
	a
b	Less: direct expenses ...b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
	a
b	Less: cost of goods sold ..b
c	Net income or (loss) from sales of inventory..
Business Code			Miscellaneous Revenue
11a	FACILITY RENTAL/OTHER		722100	39,285		39,285
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			39,285
12	Total revenue. See Instructions......			6,228,270	5,467,243	761,027	0

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21
2	Grants and other assistance to individuals in the United States. See Part IV, line 22
3	Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16
4	Benefits paid to or for members
5	Compensation of current officers, directors, trustees, and key employees ....	375,711	101,092	274,619
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....
7	Other salaries and wages	1,484,471	1,484,471
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....
9	Other employee benefits .......	31,203	31,203
10	Payroll taxes ...........	164,899	143,891	21,008
11	Fees for services (non-employees):
a	Management ......
b	Legal .........	79,794		79,794
c	Accounting ...........	21,790		21,790
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	135,945	45,934	90,011
12	Advertising and promotion ....	17,985		17,985
13	Office expenses .......	17,259		17,259
14	Information technology ......
15	Royalties ..
16	Occupancy ...........
17	Travel ............	15,749	15,749
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....
20	Interest ...........
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	113,107	113,107
23	Insurance ...	519,185	519,185
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	COST OF GOODS SOLD	543,494	543,494
b	MAINTENANCE AND REPAIRS	290,913	290,913
c	SECURITY	261,367	261,367
d	UTILITIES	237,718	237,718
e	All other expenses	1,027,219	768,333	258,886
25	Total functional expenses. Add lines 1 through 24e	5,337,809	4,556,457	781,352	0
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........			3,761,618	1	2,628,041
2	Savings and temporary cash investments .........			1,253,887	2	3,252,259
3	Pledges and grants receivable, net ......				3
4	Accounts receivable, net .............			150,432	4	182,528
5	Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L
					5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
					6
7	Notes and loans receivable, net ....				7
8	Inventories for sale or use ........			99,639	8	103,096
9	Prepaid expenses and deferred charges ......			117,718	9	129,337
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	2,042,214
b	Less: accumulated depreciation	10b	1,164,523	804,195	10c	877,691
11	Investments—publicly traded securities .				11
12	Investments—other securities. See Part IV, line 11 .....				12
13	Investments—program-related. See Part IV, line 11 ..				13
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........			149,340	15	164,182
16	Total assets. Add lines 1 through 15 (must equal line 34)...			6,336,829	16	7,337,134

17	Accounts payable and accrued expenses .....	110,228	17	134,730
18	Grants payable ...		18
19	Deferred revenue .........		19
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
	persons. Complete Part II of Schedule L..		22
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ..		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D	2,379,337	25	2,464,679
26	Total liabilities. Add lines 17 through 25..	2,489,565	26	2,599,409

	Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets		27
28	Temporarily restricted net assets ...........		28
29	Permanently restricted net assets		29
	Organizations that do not follow SFAS 117 (ASC 958), check here and complete lines 30 through 34.
30	Capital stock or trust principal, or current funds .....	0	30	0
31	Paid-in or capital surplus, or land, building or equipment fund ...	0	31	0
32	Retained earnings, endowment, accumulated income, or other funds	3,847,264	32	4,737,725
33	Total net assets or fund balances ...........	3,847,264	33	4,737,725
34	Total liabilities and net assets/fund balances ........	6,336,829	34	7,337,134

1	Total number at end of year ....
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ....

1a	Beginning of year balance ....
b	Contributions ...
c	Net investment earnings, gains, and losses
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...
f	Administrative expenses ....
g	End of year balance ......

1a	Land ...	637,060		637,060
b	Buildings
c	Leasehold improvements
d	Equipment ...	1,405,154	1,164,523	240,631
e	Other ...
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				877,691

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

(a) Description of security or category (including name of security)	(b)Book value	(c)Method of valuation: Cost or end-of-year market value
(1)Financial derivatives
(2)Closely-held equity interests
(3)Other
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)

1.(a) Description of liability	(b) Book value
(1) Federal income taxes
ASSESSMENTS RECEIVED IN ADVANCE	2,092,421
ACCRUED EXPENSES	137,155
DEPOSITS	182,900
UNEARNED INCOME	52,203
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	2,464,679
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII