Lakeside Retirement Corporation
- Assets
- $76.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Powers Lake, ND
- Founding
- 00/0000
- Data as of
- 12/2023
- EIN
- 45-0371447
Organization Overview
Lakeside Retirement Corporation is located in Powers Lake, ND. The organization was established in 0000. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, 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. Lakeside Retirement Corporation 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, Lakeside Retirement Corporation generated $58.1k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $55.8k during the year ending 12/2023. While expenses have increased by 2.4% per year over the past 2 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
PROVIDING FEDERAL SUBSIDIZED LOW INCOME HOUSING. IT BENEFITSTHE INDIVIDUALS AND FAMILIES LIVING IN THE FOURTEENAVAILABLE UNITS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arlo Greisbach Manager | 30 | $4,063 | |
Amber Fiesel Board Member | 0 | $0 | |
Linda Enget Board Member | 0 | $0 | |
Gary Ramsdell Board Member | 0 | $0 | |
June Enget Board Member | 0 | $0 | |
Tyler Grubb President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,130 |
| Total Program Service Revenue | $53,177 |
| Membership dues | $0 |
| Investment income | $171 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $2,250 |
| Other Revenue | $322 |
| Total Revenue | $58,050 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $11,141 |
| Occupancy, rent, utilities, and maintenance | $24,066 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $20,583 |
| Total expenses | $55,790 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $14,676 |
| Other assets | $0 |
| Total assets | $76,348 |
| Total liabilities | $71,583 |
| Net assets or fund balances | $4,765 |