Shongum Lake Property Owners Assoc

Organization Overview

Shongum Lake Property Owners Assoc is located in Totowa, NJ. The organization was established in 1975. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. As of 03/2023, Shongum Lake Property Owners Assoc employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shongum Lake Property Owners Assoc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.

For the year ending 03/2023, Shongum Lake Property Owners Assoc generated $512.4k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $747.2k during the year ending 03/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

ORGANIZATION MAINTAINS A CLUBHOUSE BEACH AND LAKE FOR USE BY ITS MEMBERS

Describe the Organization's Program Activity:

Part 3 - Line 4a

.


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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$512,192
Investment income $206
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
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 $512,398

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