Lakewood Forest Fund Inc
- Assets
- $2.0m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 3
- Location
- Cypress, TX
- Founding
- 08/1973
- Data as of
- 12/2022
- EIN
- 23-7291903
Organization Overview
Lakewood Forest Fund Inc is located in Cypress, TX. The organization was established in 1973. According to its NTEE Classification (C11) the organization is classified as: Single Organization Support, under the broad grouping of Environment and related organizations. As of 12/2022, Lakewood Forest Fund Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakewood Forest Fund Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Lakewood Forest Fund Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. While expenses have increased by 2.2% per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION COLLECTS ANNUAL MAINTENANCE CHARGES AND INTEREST FROM RESIDENTIAL PROPERTY OWNERS IN ORDER TO PROVIDE AND FUND OPERATIONS; MANAGEMENT, AND MAINTENANCE OF FACILITIES AND SERVICES; AND ENFORCE COVENTANTS, RESTRICTIONS, AND LIENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION MAINTAINS ALL COMMON AREAS, INCLUDING BUT NOT LIMITED TO: PARKS, ENTRANCES, AND ESPLANADES. IT SUPPLIES STREET LIGHTS, LAKE AND IRRIGATION WATER, INSURANCE, AND SANITATION SERVICES TO PROVIDE FOR THE SAFETY AND WELFARE OF THE RESIDENTS, VISITORS, AND ENTIRE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Swift Trustee | Trustee | 2 | $0 |
Sandy Matto Trustee | Trustee | 2 | $0 |
Brian Accrocco Trustee | Trustee | 2 | $0 |
Ben Anderson Secretary | OfficerTrustee | 2 | $0 |
Jennifer Kozak President | OfficerTrustee | 2 | $0 |
Lesley Chronister Vice President | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Texas Pride Disposal Trashrecycling | 12/30/21 | $535,234 |
Harris County Treasurer Security | 12/30/21 | $399,856 |
Encore Landscape Management Landscaping | 12/30/21 | $165,945 |
Law Firm Of Rice And Rice Legal | 12/30/21 | $251,926 |
Hardscape Inc Repairs Maint | 12/30/21 | $332,923 |
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 | $1,713,563 |
| Investment income | $5,762 |
| 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 | $2,173,620 |
| 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 | $115,267 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,325 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $198,619 |
| Fees for services: Accounting | $11,620 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $65,862 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $480 |
| Insurance | $38,243 |
| All other expenses | $35,134 |
| Total functional expenses | $1,840,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $691,324 |
| Savings and temporary cash investments | $823,356 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $337,242 |
| 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 | $60,512 |
| Net Land, buildings, and equipment | $42,522 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,954,956 |
| Accounts payable and accrued expenses | $23,907 |
| Grants payable | $0 |
| Deferred revenue | $568,920 |
| 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 | $0 |
| Total liabilities | $592,827 |
| 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 | $823,356 |
| Retained earnings, endowment, accumulated income, or other funds | $538,773 |
| Total liabilities and net assets/fund balances | $1,954,956 |