Villages of Woodland Springs Homeowners Association

VOWS Nonprofit records denied public access

Sep 07, 2008

The books and records of the
association are open to the homeowners in the community but not to the
general public.

Sherri Schmoekel, PCAM
Chief Operating Officer
972-960-2800, ext. 312

To Request records directly from the IRS: http://neighborhoodlink.com/pdf/neighnews/583467428/690686787/750512070.pdf

Per the Secretary of the State of Texas:

A nonprofit corporation is governed by titles 1 and 2 of the Texas Business Organizations Code (BOC). Title 1, chapter 3, subchapter A, of the BOC governs the formation of a nonprofit corporation and sets forth the provisions required or permitted to be contained in the certificate of formation.

Information for Public Inspection:

Records, books and annual reports of the corporation?’s financial activity are required to be maintained at the registered office or principal office for three years after the close of a fiscal year. The corporation shall make those documents available to the PUBLIC for inspection and copying during regular business hours and may charge a reasonable fee for preparing a copy of those records. Failure to maintain those records, prepare an annual report or make the record or report available to the public is a Class B misdemeanor. Property owner?’s association may also be subject to the Public Information Act pursuant to section 552.0035 of the Government Code.

Per the State Bar of Texas:

Must a nonprofit disclose its books and records to the public?

In order to increase accountability and transparency of nonprofit transactions, both state and federal laws require certain records to be available for public inspection.