TY 2024 Form 990EZ

Form990EZ

Department of the Treasury
Internal Revenue Service

Short Form
Return of Organization Exempt From Income Tax

Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)

Do not enter social security numbers on this form as it may be made public.

Go to www.irs.gov/Form990EZ for instructions and the latest information.

OMB No. 1545-0047

2024

Open to Public
Inspection

Check if applicable:

Address change

Name change

Initial return

Final return/terminated

Amended return

Application pending

C Name of organization
WORTHAM FALLS HOMEOWNERS ASSOCIATION
co CREST MANAGEMENT

Number and street (or P. O. box, if mail is not delivered to street address)PO BOX 219320
Room/suite

City or town, state or province, country, and ZIP or foreign postal code HOUSTON, TX77218

D Employer identification number

41-2074737

E Telephone number

(281) 579-0761

F Group Exemption
Number bullet

Part ⅢStatement of Program Service Accomplishments (see the instructions for Part III) Check if the organization used Schedule O to respond to any question in this Part III . .	Expenses (Required for section 501(c)(3) and 501(c)(4) organizations; optional for others.)
What is the organization's primary exempt purpose? Civic & Social Welfare organization - Promoting the common good and general welfare of the public and community through the maintenance and management of the Association and the property, and providing services to the community.
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. In a clear and concise manner, describe the services provided, the number of persons benefited, and other relevant information for each program title.
28 Grounds Maintenance - Promoting the common good and general welfare of the public and community through the maintenance and management of the Association and the property, and providing services to the community. (Grants $ ) If this amount includes foreign grants, check here ...			28a	46,367
29 Occupancy - Promoting the common good and general welfare of the public and community through the maintenance and management of the Association and the property, and providing services to the community. (Grants $ ) If this amount includes foreign grants, check here ...			29a	21,084
30 Other Association expenses - Promoting the common good and general welfare of the public and community through the maintenance and management of the Association and the property, and providing services to the community. (Grants $ ) If this amount includes foreign grants, check here ...			30a	21,462
31 Other program services (describe in Schedule O) ................ (Grants $ ) If this amount includes foreign grants, check here...	31a
32 Total program service expenses (add lines 28a through 31a)..........	32	88,913

(a) Name and title	(b) Average hours per week devoted to position	(c) Reportable compensation (Forms W-2/1099-MISC) (if not paid, enter -0-)
Jessica Wingo President	2.00	0
Brenda Knapek Director	2.00	0
Leticia Corie-Vazquez Director	2.00	0

Yes

Did the organization engage in lobbying activities or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II .......................

Is the organization a school as described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E ..

49a

Did the organization make any transfers to an exempt non-charitable related organization?......

49a

If "Yes," was the related organization a section 527 organization?................

49b

Complete this table for the organization's five highest compensated employees (other than officers, directors, trustees and key employees) who each received more than $100,000 of compensation from the organization. If there is none, enter "None."

(a) Name and title of each employee	(b) Average hours per week devoted to position	(c) Reportable compensation (Forms W-2/1099-MISC)	(d) Health benefits, contributions to employee benefit plans, and deferred compensation	(e) Estimated amount of other compensation
NONE

Total number of other employees paid over $100,000 ............. bullet

Complete this table for the organization's five highest compensated independent contractors who each received more than $100,000 of compensation from the organization. If there is none, enter "None."

(a) Name and business address of each independent contractor	(b) Type of service	(c) Compensation
NONE

Return Reference	Explanation
Other Expenses.1002	Office Expenses $2237
Other Expenses.1012	Insurance $11209
Other Expenses.1	Grounds maintenance $46367
Other Expenses.2	Holiday decorations $2486
Other Expenses.3	WEBSITE $1215
Other Expenses.4	Deed Restriction $1215
Other Expenses.5	ADMIN NOTICES $976
Other Expenses.6	ACC Expenses $750
Other Expenses.7	Record storage $720
Other Expenses.8	Community events $624
Other Expenses.9	Bad debt expenses $457
Other Expenses.10	Miscellaneous expenses $244
Other Expenses.11	Community Mailouts $110
Other Expenses.12	Taxes - RE $21
Other Assets.1005	Accounts Receivable - Beginning $13829 Accounts Receivable - Ending $905
Other Assets.2	Prepaid Insurance - Beginning $6169 Prepaid Insurance - Ending $7055
Total Liabilities.1001	Accounts Payable and Accrued Expenses - Beginning $275 Accounts Payable and Accrued Expenses - Ending $574
Total Liabilities.1003	Deferred Revenue - Beginning $40424 Deferred Revenue - Ending $46287

Return Reference

Explanation

Other Expenses.1002

Office Expenses $2237

Other Expenses.1012

Insurance $11209

Other Expenses.1

Grounds maintenance $46367

Other Expenses.2

Holiday decorations $2486

Other Expenses.3

WEBSITE $1215

Other Expenses.4

Deed Restriction $1215

Other Expenses.5

ADMIN NOTICES $976

Other Expenses.6

ACC Expenses $750

Other Expenses.7

Record storage $720

Other Expenses.8

Community events $624

Other Expenses.9

Bad debt expenses $457

Other Expenses.10

Miscellaneous expenses $244

Other Expenses.11

Community Mailouts $110

Other Expenses.12

Taxes - RE $21

Other Assets.1005

Accounts Receivable - Beginning $13829 Accounts Receivable - Ending $905

Other Assets.2

Prepaid Insurance - Beginning $6169 Prepaid Insurance - Ending $7055

Total Liabilities.1001

Accounts Payable and Accrued Expenses - Beginning $275 Accounts Payable and Accrued Expenses - Ending $574

Total Liabilities.1003

Deferred Revenue - Beginning $40424 Deferred Revenue - Ending $46287

1	Contributions, gifts, grants, and similar amounts received ....................	1
2	Program service revenue including government fees and contracts ................	2
3	Membership dues and assessments .............................	3	116,931
4	Investment income ....................................	4	208
5a	Gross amount from sale of assets other than inventory .......	5a
b	Less: cost or other basis and sales expenses ............	5b	0
c	Gain or (loss) from sale of assets other than inventory (Subtract line 5b from line 5a) ......	5c
6	Gaming and fundraising events
a	Gross income from gaming (attach Schedule G if greater than $15,000)	6a
b	Gross income from fundraising events (not including $ of contributions from fundraising events reported on line 1) (attach Schedule G if the			sum of such gross income and contributions exceeds $15,000) ..	6b	0
c	Less: direct expenses from gaming and fundraising events ...	6c	0
d	Net income or (loss) from gaming and fundraising events (add lines 6a and 6b and subtract line 6c)	6d
7a	Gross sales of inventory, less returns and allowances ......	7a
b	Less: cost of goods sold .............	7b	0
c	Gross profit or (loss) from sales of inventory (Subtract line 7b from line 7a) .........	7c
8	Other revenue (describe in Schedule O) ....................	8
9	Total revenue. Add lines 1, 2, 3, 4, 5c, 6d, 7c, and 8 ..............	9	117,139

Sign Here

	Signature of officer	Date

	Type or print name and title

Software ID:	24020490
Software Version:	2024v5.2

Software ID:	24020490
Software Version:	2024v5.2

10	Grants and similar amounts paid (list in Schedule O) ................	10
11	Benefits paid to or for members ......................	11
12	Salaries, other compensation, and employee benefits ................	12
13	Professional fees and other payments to independent contractors ............	13	15,095
14	Occupancy, rent, utilities, and maintenance ...................	14	21,084
15	Printing, publications, postage, and shipping ...................	15
16	Other expenses (describe in Schedule O) ...................	16	68,631
17	Total expenses. Add lines 10 through 16 .................	17	104,810

18	Excess or (deficit) for the year (Subtract line 17 from line 9) ............	18	12,329
19	Net assets or fund balances at beginning of year (from line 27, column (A)) (must agree with
	end-of-year figure reported on prior year’s return) .................	19	213,200
20	Other changes in net assets or fund balances (explain in Schedule O) ...........	20
21	Net assets or fund balances at end of year. Combine lines 18 through 20 ..........	21	225,529