Higgins Lake Property Owners Assn
- Assets
- $159.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Roscommon, MI
- Founding
- 11/1946
- Data as of
- 12/2023
- EIN
- 38-6090281
Organization Overview
Higgins Lake Property Owners Assn is located in Roscommon, MI. The organization was established in 1946. 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. Higgins Lake Property Owners Assn 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 12/2023, Higgins Lake Property Owners Assn generated $121.6k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $77.9k during the year ending 12/2023. While expenses have increased by 1.4% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROTECTED, PRESERVED AND ENHANCED THE QUALITY OF HIGGINS LAKE AND ITS SURROUNDING WATERSHED THROUGH VARIOUS INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Curt Devoe Director | 3 | $0 | |
Wayne Brooks Director | 3 | $0 | |
Fred Swineheart Director | 3 | $0 | |
Becky Gibson Director | 3 | $0 | |
Jack Cornell Director | 3 | $0 | |
John Ogren Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,844 |
| Total Program Service Revenue | $0 |
| Membership dues | $58,375 |
| Investment income | $1,633 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $4,542 |
| Other Revenue | $10,210 |
| Total Revenue | $121,604 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $12,242 |
| Professional fees and other payments to independent contractors | $6,123 |
| Occupancy, rent, utilities, and maintenance | $3,000 |
| Printing, publications, postage, and shipping | $5,860 |
| Other expenses | $38,718 |
| Total expenses | $77,943 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $159,653 |
| Other assets | $0 |
| Total assets | $159,653 |
| Total liabilities | $28,613 |
| Net assets or fund balances | $131,040 |