Lake Waubeeka Assoc Inc
- Assets
- $3.2m
- Revenue
- $982.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Danbury, CT
- Founding
- 11/1962
- Data as of
- 05/2024
- EIN
- 06-0801235
Organization Overview
Lake Waubeeka Assoc Inc is located in Danbury, CT. The organization was established in 1962. According to its NTEE Classification (C03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Environment and related organizations. As of 05/2024, Lake Waubeeka Assoc Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Waubeeka Assoc Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 05/2024, Lake Waubeeka Assoc Inc generated $982.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $844.6k during the year ending 05/2024. While expenses have increased by 1.5% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVISION OF WATER, UTILITY, RECREATION AND SECURITY SERVICES TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
WATER UTILITY SERVICES, RECREATION AREAS, COMMON AREA MAINTENANCE AND SECURITY FOR HOMEOWNERS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Zwang President | OfficerTrustee | 10 | $0 |
Josh Isaacson 1st Vice President | OfficerTrustee | 5 | $0 |
Robert Sass 2nd Vice President | OfficerTrustee | 15 | $0 |
Deborah Judd Treasurer | OfficerTrustee | 12 | $0 |
Cathy Carter Recording Secretary | OfficerTrustee | 2 | $0 |
Bill Heese Corresponding Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $954,675 |
| Investment income | $28,064 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$200 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $982,539 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $118,441 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,355 |
| Payroll taxes | $10,313 |
| Fees for services: Management | $15,605 |
| Fees for services: Legal | $4,107 |
| Fees for services: Accounting | $8,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,635 |
| Advertising and promotion | $0 |
| Office expenses | $14,918 |
| Information technology | $900 |
| Royalties | $0 |
| Occupancy | $107,677 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $27,368 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $113,861 |
| Insurance | $62,947 |
| All other expenses | $0 |
| Total functional expenses | $844,580 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,218 |
| Savings and temporary cash investments | $893,308 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,476 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,076 |
| Net Land, buildings, and equipment | $2,194,175 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,508 |
| Total assets | $3,150,761 |
| Accounts payable and accrued expenses | $34,323 |
| Grants payable | $0 |
| Deferred revenue | $29,108 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $667,552 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $730,983 |
| Net assets without donor restrictions | $2,419,778 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,150,761 |