Lakeridge West Community Association
- Assets
- $87.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Old Bridge, NJ
- Founding
- 06/1976
- Data as of
- 10/2022
- EIN
- 13-2569440
Organization Overview
Lakeridge West Community Association is located in Old Bridge, NJ. The organization was established in 1976. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakeridge West 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 10/2022, Lakeridge West Community Association generated $114.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $126.5k during the year ending 10/2022. While expenses have increased by 1.2% per year over the past 6 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Paton President June 2022 - Dec 2022 | 6 | $0 | |
Teresa Rafferty Vice President Secretary | 6 | $0 | |
Randi Rutan Treasurer 2022 | 6 | $0 | |
Tim Honig Trustee | 2 | $0 | |
Terrence Monaghan Trustee | 2 | $0 | |
Steve Bonavita Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $111,119 |
| Investment income | $78 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $2,800 |
| Total Revenue | $113,997 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $2,991 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $110,273 |
| Printing, publications, postage, and shipping | $2,075 |
| Other expenses | $11,202 |
| Total expenses | $126,541 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $87,043 |
| Other assets | $0 |
| Total assets | $87,043 |
| Total liabilities | $0 |
| Net assets or fund balances | $87,043 |
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 |