Mission
To maintain and administer the common facilities and to collect and disburse the assessments and charges of the association
Public Charity
Canyon Falls Master Community Inc
Canyon Falls Master Community Inc is a Public Charity headquartered in Dallas, TX. Financial data from the 2025 filing: $6.8M revenue, $6.5M expenses, $6.7M total assets.
EIN: 471297374
Dallas, TX
Homeowners & Tenants Associations
NTEE: L50
Latest filing: 2025
Total Revenue$6.8M
Total Expenses$6.5M
Total Assets$6.7M
Grant Records0
Filing Years2021–2025
Where $100 goes at Canyon Falls Master Community Inc
How Canyon Falls Master Community Inc divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.
$98
Programs
the work itself
$2
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 $98 for programs
$98
The association maintained the common areas such as parks, playgrounds, and swimming pool and provided security and monitoring for the benefit of the entire community
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
Dwayne Hedges
Board Member / President
Richard Limato
Board Member / Treasurer
Steven Mendyka
Secretary
Thomas Piccolo
VP
Todd Bayuk
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $6.8M | $6.5M | $6.7M |
| 2024 | $6.6M | $6.3M | $6.2M |
| 2023 | $6.0M | $6.0M | $5.8M |
| 2022 | $5.7M | $5.3M | $5.7M |
| 2021 | $4.7M | $5.0M | $5.2M |
Between 2021 and 2025, reported annual revenue grew from $4.7M to $6.8M (+44%), with total assets most recently reported at $6.7M.
Interactive year-over-year charts and full filing details available with membership.