Forest Lake Property Owners Assn Of Arenac Co
- Assets
- $1.6m
- Revenue
- $296.6k
- Investments
- $0.0
- Employees
- 16
- Location
- Alger, MI
- Founding
- 09/1984
- Data as of
- 03/2024
- EIN
- 38-1981162
Organization Overview
Forest Lake Property Owners Assn Of Arenac Co, operating under the name Of Arenac County, is located in Alger, MI. The organization was established in 1984. 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 03/2024, Of Arenac County employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Of Arenac County 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 03/2024, Of Arenac County generated $296.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $433.2k during the year ending 03/2024. While expenses have increased by 5.5% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
MAINTENANCE, SECURITY, FOREST LAKE AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL MAINTENANCE, SECURITY AND UPKEEP OF THE AREA OF FOREST LAKE FOR THE BENEFIT OF THE MEMBERSHIP IN PARTICULAR AND MOFFATT TOWNSHIP IN GENERAL
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James P Kelly Treasurer | OfficerTrustee | $0 | |
Daniel Lefevre President | OfficerTrustee | $0 | |
Daniel Mancani Director | Trustee | $0 | |
Vito Manzella Director | Trustee | $0 | |
Tracy Reitzloff Secretary | OfficerTrustee | $0 | |
Gene Ross Director | Trustee | $0 |
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 | $407 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $407 |
| Total Program Service Revenue | $200,596 |
| Investment income | $3,251 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $40,922 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,363 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,497 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $296,602 |
| 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 | $183,235 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,451 |
| Payroll taxes | $14,532 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,825 |
| Fees for services: Accounting | $6,425 |
| 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 | $12,006 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,254 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,010 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $15,356 |
| All other expenses | $13,610 |
| Total functional expenses | $433,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $197,464 |
| Savings and temporary cash investments | $342,087 |
| 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 | $1,070,739 |
| Investments—publicly traded securities | $24,051 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,634,341 |
| Accounts payable and accrued expenses | $4,489 |
| 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 | $2,000 |
| Total liabilities | $6,489 |
| 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 | $1,627,852 |
| Total liabilities and net assets/fund balances | $1,634,341 |