TY 2020 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) VIRGIL YOAKUM......................................................................
PRESIDENT

2.00
.................

(2) TERRY REESE......................................................................
SECRETARY

2.00
.................

(3) FAITH PITMAN......................................................................
TREASURER

2.00
.................

(4) STEPHEN BARRERA......................................................................
DIRECTOR

2.00
.................

(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	(C) Compensation
TREESPACES INC PO BOX 1849 MONTGOMERY,TX77356	LANDSCAPING	2,091,876
WENDELL LEGACY HOMES 51 ACORN CLUSTER CT THE WOODLANDS,TX77381	CONSTRUCTION	595,329
BLUE WATER RESIENTIAL PO BOX 7446 SPRING,TX77387	POOL	476,817


2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 3

(A)
Name and business address

(B)
Description of services

TREESPACES INC

PO BOX 1849
MONTGOMERY,TX77356

LANDSCAPING

2,091,876

WENDELL LEGACY HOMES

51 ACORN CLUSTER CT
THE WOODLANDS,TX77381

CONSTRUCTION

595,329

BLUE WATER RESIENTIAL

PO BOX 7446
SPRING,TX77387

POOL

476,817

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) Donor advised funds	(b) Funds and other accounts
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 ........


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 7/25/06, 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

1.(a) Description of liability	(b) Book value
(1) Federal income taxes
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	50,303
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

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	6,562,482
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	6,562,482
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	6,562,482

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	6,526,654
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	6,526,654
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	6,526,654

- 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

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2020

Open to Public
Inspection

Name of the organization

WOODFOREST OWNERS ASSOCIATION INC

Employer identification number

26-3727426

Return Reference	Explanation
Form 990, Part VI, Section A, line 3	THE ASSOCIATION HIRED A MANAGEMENT COMPANY TO PROVIDE MANAGEMENT SERVICES WITH THE INSTRUCTION OF BOARD MEMBERS.
Form 990, Part VI, Section A, line 6	MEMBERSHIP IS AUTOMATIC UPON PURCHASE OF A UNIT.
Form 990, Part VI, Section A, line 7a	MEMBERS ELECT BOARD OF DIRECTORS IN ANNUAL MEETING.
Form 990, Part VI, Section B, line 11b	TAX RETURN IS REVIEWED BY GOVERNING BODY BEFORE FILING..
Form 990, Part VI, Section C, line 19	Governing documents and financial statements are available for inspection during normal business hours at the management office.
Form 990, Part IX, line 24e	WATER AND SEWER: Program service expenses 359086. Management and general expenses 0. Fundraising expenses 0. Total expenses 359086. POOL: Program service expenses 323264. Management and general expenses 0. Fundraising expenses 0. Total expenses 323264. CAPITAL EXPENDITURE: Program service expenses 308966. Management and general expenses 0. Fundraising expenses 0. Total expenses 308966. PINE ISLAND EXPENSES: Program service expenses 111934. Management and general expenses 0. Fundraising expenses 0. Total expenses 111934. HOLIDAY DECORATIONS: Program service expenses 104549. Management and general expenses 0. Fundraising expenses 0. Total expenses 104549. COMMUNITY EVENTS: Program service expenses 91418. Management and general expenses 0. Fundraising expenses 0. Total expenses 91418. CLUBHOUSE: Program service expenses 90096. Management and general expenses 0. Fundraising expenses 0. Total expenses 90096. PROPERTY TAX: Program service expenses 28167. Management and general expenses 0. Fundraising expenses 0. Total expenses 28167. EAGLE POINT EXPENSES: Program service expenses 22027. Management and general expenses 0. Fundraising expenses 0. Total expenses 22027. PEST CONTROL: Program service expenses 19580. Management and general expenses 0. Fundraising expenses 0. Total expenses 19580. TELEPHONE: Program service expenses 18105. Management and general expenses 0. Fundraising expenses 0. Total expenses 18105. BAD DEBT: Program service expenses 16118. Management and general expenses 0. Fundraising expenses 0. Total expenses 16118. RUSSET PEAK EXPENSES: Program service expenses 6304. Management and general expenses 0. Fundraising expenses 0. Total expenses 6304. TRASH REMOVAL: Program service expenses 5505. Management and general expenses 0. Fundraising expenses 0. Total expenses 5505.
Form 990, Part XII, Line 2c:	THE AUDIT COMMITEE ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT.

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

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2020

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: PROVIDE FOR THE HEALTH, SAFETY AND WELFARE OF THE RESIDENTS.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	4
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	4
5	Total number of individuals employed in calendar year 2020 (Part V, line 2a) ......	5	0
6	Total number of volunteers (estimate if necessary) .............	6	0
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	6,562,482
b	Net unrelated business taxable income from Form 990-T, line 39 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	0	0
9	Program service revenue (Part VIII, line 2g) .........	3,296,563	3,877,910
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	5,367	3,287
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	2,311,916	2,681,285
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	5,613,846	6,562,482
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)	0	0
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)....	5,697,990	6,526,654
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	5,697,990	6,526,654
19	Revenue less expenses. Subtract line 18 from line 12.......	-84,144	35,828
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	4,186,091	4,452,566
21	Total liabilities (Part X, line 26).............	1,394,158	1,624,806
22	Net assets or fund balances. Subtract line 21 from line 20.....	2,791,933	2,827,760

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 5,962,907 including grants of $ ) (Revenue $ 6,562,482 )
	TO PROVIDE MAINTENANCE, WELFARE AND SECURITY TO THE RESIDENTS OF THE PROPERTY OWNERS

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












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












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses5,962,907

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

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:$	1g

h Total. Add lines 1a-1f.......

		Business Code
2a	ASSESSMENTS	900099	3,877,910	3,877,910
b
c
d
e
f	All other program service revenue.
g	Total. Add lines 2a–2f .....		3,877,910

3 Investment income (including dividends, interest, and othersimilar amounts) ......			3,287		3,287
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
		(ii) Personal	(i) Real
6a	Gross rents			6a
b	Less: rental expenses			6b
c	Rental income or (loss)			6c
d	Net rental income or (loss).......
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory			7a
b	Less: cost or other basis and sales expenses			7b
c	Gain or (loss)			7c
d	Net gain or (loss).........
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a
b	Less: direct expenses ...		8b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a
b	Less: cost of goods sold ..		10b
c	Net income or (loss) from sales of inventory..
Business Code			Miscellaneous Revenue
11a	FOUNDATION INCOME		900099	942,100		942,100
b	OTHER INCOME		531310	440,293		440,293
c	PARK IMPROVEMENT REIMB		531310	420,890		420,890
d	All other revenue ....			878,002		878,002
e	Total. Add lines 11a–11d ......			2,681,285
12	Total revenue. See instructions.....			6,562,482	0	6,562,482	0

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............
4	Benefits paid to or for members .......
5	Compensation of current officers, directors, trustees, and key employees ...........
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........
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....
9	Other employee benefits .......
10	Payroll taxes ...........
11	Fees for services (non-employees):
a	Management ......	369,564		369,564
b	Legal .........	51,261		51,261
c	Accounting ...........	16,220		16,220
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)
12	Advertising and promotion ....
13	Office expenses .......	95,812		95,812
14	Information technology ......
15	Royalties ..
16	Occupancy ...........
17	Travel ............
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 ..
23	Insurance ...	30,890		30,890
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	LANDSCAPING	2,569,432	2,569,432
b	FOUNDATION EXPENDITURE	901,183	901,183
c	MAINTENANCE AND REPAIRS	617,442	617,442
d	ELECTRICITY	369,731	369,731
e	All other expenses	1,505,119	1,505,119
25	Total functional expenses. Add lines 1 through 24e	6,526,654	5,962,907	563,747	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 ........		3,738,764	1	4,213,816
2	Savings and temporary cash investments .........			2
3	Pledges and grants receivable, net ......			3
4	Accounts receivable, net .............		272,220	4	238,750
5	Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
				5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
				6
7	Notes and loans receivable, net ...........			7
8	Inventories for sale or use ............			8
9	Prepaid expenses and deferred charges ......		32,852	9
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a
b	Less: accumulated depreciation	10b		10c
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 ...........		142,255	15	0
16	Total assets. Add lines 1 through 15 (must equal line 33)...		4,186,091	16	4,452,566

17	Accounts payable and accrued expenses .....	76,836	17	308,602
18	Grants payable ...		18
19	Deferred revenue .........	1,060,617	19	1,265,901
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 any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
			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	256,705	25	50,303
26	Total liabilities. Add lines 17 through 25..	1,394,158	26	1,624,806

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........		27
28	Net assets with donor restrictions ...........		28
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....	0	29	0
30	Paid-in or capital surplus, or land, building or equipment fund ...	0	30	0
31	Retained earnings, endowment, accumulated income, or other funds	2,791,933	31	2,827,760
32	Total net assets or fund balances ...........	2,791,933	32	2,827,760
33	Total liabilities and net assets/fund balances ........	4,186,091	33	4,452,566

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 .....
b	Buildings ....
c	Leasehold improvements
d	Equipment ....
e	Other .....
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..		0

(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
(B)
(C)
(D)
(E)
(F)
(G)
(H)
(I)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)

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

(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)