Mission
To provide security, law enforcement, street lights, architectural zoning and maintain the common areas such as the esplanades, lakes, parks, playgrounds and swimming pool to benefit the entire community
Public Charity
Towne Lake Community Association Inc
Based in Cypress, TX, Towne Lake Community Association Inc operates as a Public Charity. The organization reported $10.8M in revenue, $10.4M in expenses, $7.8M in total assets for fiscal year 2025.
EIN: 320179715
Cypress, TX
Homeowners & Tenants Associations
NTEE: L50
Latest filing: 2025
Total Revenue$10.8M
Total Expenses$10.4M
Total Assets$7.8M
Grant Records0
Filing Years2020–2025
Where $100 goes at Towne Lake Community Association Inc
How Towne Lake Community Association Inc divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.
$95
Programs
the work itself
$5
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $95 for programs
$95
To provide security, law enforcement, street lights, architectural zoning and maintain the common areas such as the esplanades, lakes, parks, playgrounds and swimming pool to benefit the entire…
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officers & Directors
Secretary
Alissa Faircloth
Director
Donald Schubot
Treasurer
George Edwards
President
Michael Crahan
Vice President
Miranda Hadamik
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $10.8M | $10.4M | $7.8M |
| 2024 | $10.1M | $9.8M | $6.6M |
| 2023 | $9.0M | $8.6M | $4.5M |
| 2022 | $7.5M | $7.7M | $4.9M |
| 2020 | $6.4M | $6.6M | $3.5M |
Between 2020 and 2025, reported annual revenue grew from $6.4M to $10.8M (+67%), with total assets most recently reported at $7.8M.
Interactive year-over-year charts and full filing details available with membership.