Fox Lake Hills Property Owners Association
- Assets
- $184.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lake Villa, IL
- Founding
- 02/1980
- Data as of
- 08/2022
- EIN
- 36-2863550
Organization Overview
Fox Lake Hills Property Owners Association is located in Lake Villa, IL. The organization was established in 1980. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fox Lake Hills Property Owners Association 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 08/2022, Fox Lake Hills Property Owners Association generated $133.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $207.0k during the year ending 08/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE COMMON PARKS (5), BEACH AND HARBORS (2) WERE MAINTAINED FOR THE ASSOCIATION, WHICH ENCOMPASSES ABOUT 760 HOMES AND 2500 RESIDENTS, AND INCLUDES LIABILITY INSURANCE FOR THOSE COMMON AREAS; LIGHTING AROUND THE ASSOCIATION, AND COMMUNITY EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Damato Treasurer | 30 | $600 | |
Debra Neuman Secretary | 20 | $150 | |
Tom Mckenna Director At Large | 10 | $0 | |
Liz Hein President | 20 | $0 | |
Bill Mortenson Bayview Director | 10 | $0 | |
Jennifer Parmley Vice President | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $104,215 |
| Investment income | $58 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $29,410 |
| Total Revenue | $133,683 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $750 |
| Professional fees and other payments to independent contractors | $17,521 |
| Occupancy, rent, utilities, and maintenance | $78,157 |
| Printing, publications, postage, and shipping | $20,216 |
| Other expenses | $90,368 |
| Total expenses | $207,012 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $183,983 |
| Other assets | $0 |
| Total assets | $183,983 |
| Total liabilities | $0 |
| Net assets or fund balances | $183,983 |
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|---|---|---|
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