TY 2021 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/1099-NEC)

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

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

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

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

(2) NICHOLAS CANNISTRA......................................................................
VICE PRESIDENT

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

(3) RON CARROLL......................................................................
TREASURER

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

(4) KARLA SEIDULE......................................................................
SECRETARY

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

(5) DAVID EARGLE......................................................................
TRUSTEE

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

(6) TARA AGEN......................................................................
TRUSTEE

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

(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/1099-NEC)

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

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

(A)
Name and business address

(B)
Description of services

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
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	3,803,080
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	7,405,584
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	7,405,584
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	7,405,584

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	7,299,620
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	7,299,620
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	7,299,620

- TIN:

SCHEDULE O
(Form 990)

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

2021

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 11b	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	FITNESS CONTRACT: Program service expenses 242640. Management and general expenses 0. Fundraising expenses 0. Total expenses 242640. MEMBER RELATIONS: Program service expenses 217338. Management and general expenses 0. Fundraising expenses 0. Total expenses 217338. SUPPLIES: Program service expenses 213457. Management and general expenses 0. Fundraising expenses 0. Total expenses 213457. SECURITY: Program service expenses 162948. Management and general expenses 0. Fundraising expenses 0. Total expenses 162948. ENTERTAINMENT AND SHOWS: Program service expenses 141917. Management and general expenses 0. Fundraising expenses 0. Total expenses 141917. OTHER CAPITAL IMPROVEMENTS: Program service expenses 119600. Management and general expenses 0. Fundraising expenses 0. Total expenses 119600. CREDIT CARD DISCOUNTS: Program service expenses 75155. Management and general expenses 0. Fundraising expenses 0. Total expenses 75155. LIQUOR TAXES: Program service expenses 45600. Management and general expenses 0. Fundraising expenses 0. Total expenses 45600. GAS AND OIL: Program service expenses 36514. Management and general expenses 0. Fundraising expenses 0. Total expenses 36514. DEER MANAGEMENT: Program service expenses 21665. Management and general expenses 0. Fundraising expenses 0. Total expenses 21665. RENT: Program service expenses 21600. Management and general expenses 0. Fundraising expenses 0. Total expenses 21600. UNIFORMS: Program service expenses 21534. Management and general expenses 0. Fundraising expenses 0. Total expenses 21534. LAUNDRY AND LINEN: Program service expenses 18866. Management and general expenses 0. Fundraising expenses 0. Total expenses 18866. TAXES-PROPERTY: Program service expenses 18365. Management and general expenses 0. Fundraising expenses 0. Total expenses 18365. AUTO AND TRAVEL: Program service expenses 11625. Management and general expenses 0. Fundraising expenses 0. Total expenses 11625. DEED RESTRICTIONS: Program service expenses 11211. Management and general expenses 0. Fundraising expenses 0. Total expenses 11211. TOURNAMENT EXPENSE: Program service expenses 8606. Management and general expenses 0. Fundraising expenses 0. Total expenses 8606. BAD DEBTS: Program service expenses 6000. Management and general expenses 0. Fundraising expenses 0. Total expenses 6000. BUSINESS PROMOTION: Program service expenses 181. Management and general expenses 0. Fundraising expenses 0. Total expenses 181.

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

Cat. No. 51056K

Schedule O (Form 990) 2021

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	6
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	6
5	Total number of individuals employed in calendar year 2021 (Part V, line 2a) ......	5	226
6	Total number of volunteers (estimate if necessary) .............	6	0
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	678,017
b	Net unrelated business taxable income from Form 990-T, Part I, line 11 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	0	0
9	Program service revenue (Part VIII, line 2g) .........	5,360,680	5,489,919
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	11,051	431
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	1,286,584	1,915,234
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	6,658,315	7,405,584
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)	2,892,881	3,036,565
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)....	4,247,189	4,263,056
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	7,140,070	7,299,621
19	Revenue less expenses. Subtract line 18 from line 12.......	-481,755	105,963
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	5,554,596	5,919,000
21	Total liabilities (Part X, line 26).............	3,602,273	3,860,714
22	Net assets or fund balances. Subtract line 21 from line 20.....	1,952,323	2,058,286

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 6,181,337 including grants of $ ) (Revenue $ 6,608,037 )
	Maintenance and preservation of the common areas.

4b	(Code: ) (Expenses $ 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 expenses6,181,337

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

(A) Name and business address	(B) Description of services	(C) Compensation





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 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	MAINTENANCE FEES	531310	4,197,910	4,197,910
b	OTHER	531310	1,083,786	1,022,530	61,256
c	RESERVE INCOME	531310	119,530	119,530
d	GROUNDS MAINTENANCE	531310	87,835	87,835
e	SALES	531390	858	858
f	All other program service revenue.
g	Total. Add lines 2a–2f .....		5,489,919

3 Investment income (including dividends, interest, and othersimilar amounts) ......			431	431
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	FOOD AND BEVERAGE		722100	1,902,080	1,298,473	603,607
b	FACILITY RENTAL		722100	13,154		13,154
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			1,915,234
12	Total revenue. See instructions.....			7,405,584	6,727,567	678,017	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 ...........	173,664	120,226	53,438
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........	2,579,598	2,114,730	464,868
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....
9	Other employee benefits .......	54,245	54,245
10	Payroll taxes ...........	229,058	189,408	39,650
11	Fees for services (non-employees):
a	Management ......	17,000		17,000
b	Legal .........	135,583		135,583
c	Accounting ...........
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)	18,470	18,470
12	Advertising and promotion ....	35,486	35,486
13	Office expenses .......	38,315		38,315
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 ..	130,608	130,608
23	Insurance ...	552,430	552,430
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	769,669	769,669
b	MAINTENANCE AND REPAIRS	513,716	513,716
c	ADMINISTRATIVE	369,430		369,430
d	UTILITIES	287,527	287,527
e	All other expenses	1,394,822	1,394,822
25	Total functional expenses. Add lines 1 through 24e	7,299,621	6,181,337	1,118,284	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 ........			2,612,853	1	2,697,298
2	Savings and temporary cash investments .........			1,527,028	2	1,527,459
3	Pledges and grants receivable, net ......				3
4	Accounts receivable, net .............			66,096	4	14
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 ............			125,226	8	205,368
9	Prepaid expenses and deferred charges ......			78,445	9	78,976
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	2,689,744
b	Less: accumulated depreciation	10b	1,545,855	833,265	10c	1,143,889
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 ...........			311,683	15	265,996
16	Total assets. Add lines 1 through 15 (must equal line 33)...			5,554,596	16	5,919,000

17	Accounts payable and accrued expenses .....	28,425	17	57,634
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 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	3,573,848	25	3,803,080
26	Total liabilities. Add lines 17 through 25..	3,602,273	26	3,860,714

	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	1,952,323	31	2,058,286
32	Total net assets or fund balances ...........	1,952,323	32	2,058,286
33	Total liabilities and net assets/fund balances ........	5,554,596	33	5,919,000

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 .....	595,836		595,836
b	Buildings ....		1,545,855	-1,545,855
c	Leasehold improvements
d	Equipment ....	2,093,908		2,093,908
e	Other .....
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				1,143,889

(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.)

(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.)