Lakeridge Community Association
- Assets
- $176.4k
- Revenue
- $225.3k
- Investments
- $0.0
- Employees
- 17
- Location
- Matawan, NJ
- Founding
- 01/1967
- Data as of
- 02/2022
- EIN
- 11-2112782
Organization Overview
Lakeridge Community Association is located in Matawan, NJ. The organization was established in 1967. According to its NTEE Classification (S22) the organization is classified as: Neighborhood & Block Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 02/2022, Lakeridge Community Association employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakeridge Community Association is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 02/2022, Lakeridge Community Association generated $225.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $150.4k during the year ending 02/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY HAS 315 HOMES IN THE COMMUNITY. WE SUPPORT THE COMMON AREAS INCLUDING A POOL, PLAYGROUND, TENNIS COURTS, AND BASKETBALL COURTS. WE PROVIDE COMMUNITY EVENTS AND SWIM TEAM ACTIVITIES FOR EVERYONE TO ENJOY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING COMMUNITY EVENTS AND SWIM TEAM ACTIVITIES FOR EVERYONE TO ENJOY. POOL CLUB, TENNIS COURTS, BASKETBALL COURTS AND PLAYGROUND, BI-ANNUAL NEWSLETTER AND WEBSITE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Donnelly Pool Manager | 25 | $9,000 | |
Bridget Hlava President | OfficerTrustee | 8 | $0 |
Daniel Mcgarry Secretary | OfficerTrustee | 3 | $0 |
Diane Cahill Treasurer | OfficerTrustee | 8 | $0 |
Vincent Forrester Vice President | OfficerTrustee | 3 | $0 |
Patrick Hopkins Trustee | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $207,301 |
| 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 | $207,301 |
| Total Program Service Revenue | $0 |
| Investment income | $246 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $115 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $225,333 |
| 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 | $49,624 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,420 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $125 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,864 |
| Advertising and promotion | $0 |
| Office expenses | $597 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $164 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $24,134 |
| All other expenses | $3,203 |
| Total functional expenses | $150,448 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,900 |
| Savings and temporary cash investments | $65,594 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,887 |
| Total assets | $176,381 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $252 |
| Total liabilities | $252 |
| Net assets without donor restrictions | $0 |
| 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 | $176,129 |
| Total liabilities and net assets/fund balances | $176,381 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Neighborhood Association For Inter Cultural Affairs Inc Bronx, NY | $108,593,584 | $80,687,284 |
East Harlem Council For Community Improvement Inc New York, NY | $2,118,161 | $3,411,139 |
Warwick Valley Local Development Corporation Warwick, NY | $848,951 | $5,651,378 |
Radisson Community Association Inc Baldwinsville, NY | $3,036,076 | $2,758,047 |
Trustees Of New Castle Common New Castle, DE | $18,463,159 | $4,025,581 |
Laura E Price Briggs Estate 4042008-Te Pittsburgh, PA | $36,510,296 | $1,566,500 |
Hidden Valley Foundation Inc Hidden Valley, PA | $3,819,746 | $2,615,880 |
Hazelwood Initiative Inc Pittsburgh, PA | $12,916,299 | $2,940,670 |
Community Housing Improvement Program Inc New York, NY | $2,216,727 | $1,575,020 |
Pennsylvania Apartment Association Bala Cynwyd, PA | $1,420,169 | $1,873,030 |
Good Old Lower East Side Inc New York, NY | $2,010,294 | $1,873,147 |
Community Associations Institute Freehold, NJ | $1,217,432 | $1,313,461 |