Mission
To provide management, maintenance, preservation and architectural control of the Association's common areas.
Public Charity
Wellington of Flower Mound Residential Association Inc
Based in Flower Mound, TX, Wellington of Flower Mound Residential Association Inc operates as a Public Charity. The organization reported $2.5M in revenue, $2.4M in expenses, $1.2M in total assets for fiscal year 2024.
EIN: 752724500
Flower Mound, TX
Homeowners & Tenants Associations
NTEE: L50
Latest filing: 2024
Total Revenue$2.5M
Total Expenses$2.4M
Total Assets$1.2M
Grant Records0
Filing Years2020–2024
Where $100 goes at Wellington of Flower Mound Residential Association Inc
How Wellington of Flower Mound Residential Association Inc divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.
$90
Programs
the work itself
$10
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 $90 for programs
$90
Maintenance and Improvement of Common Property
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officers & Directors
Director
Mo Virani
Vice President
Russel Schmidt
Treasurer
Sal Soriano
Secretary
Sean May
President
Steve Lyda
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $2.5M | $2.4M | $1.2M |
| 2023 | $2.4M | $2.4M | $1.1M |
| 2022 | $2.1M | $2.1M | $976K |
| 2021 | $2.3M | $2.4M | $1.0M |
| 2020 | $2.0M | $2.0M | $1.1M |
Between 2020 and 2024, reported annual revenue grew from $2.0M to $2.5M (+24%), with total assets most recently reported at $1.2M.
Interactive year-over-year charts and full filing details available with membership.