Lafp Orlando Inc
- Assets
- $80.7m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 06/2015
- Data as of
- 12/2021
- EIN
- 47-1685504
Organization Overview
Lafp Orlando Inc is located in Boston, MA. The organization was established in 2015. According to its NTEE Classification (W19) the organization is classified as: Support N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2021, Lafp Orlando Inc generated $6.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $4.0m during the year ending 12/2021. While expenses have increased by 18.6% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HOLD TITLE TO REAL ESTATE INVESTMENTS OF A PUBLIC EMPLOYEE RETIREMENT PLAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOLD TITLE TO REAL ESTATE INVESTMENTS OF A PUBLIC EMPLOYEE RETIREMENT PLAN AND COLLECT AND DISTRIBUTE INCOME FROM THESE INVESTMENTS TO THE EMPLOYEE RETIREMENT PLAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Rogers Treasurer | OfficerTrustee | 1 | $0 |
Paul G Palmer President | OfficerTrustee | 1 | $0 |
Tom Lopez Secretary | OfficerTrustee | 1 | $0 |
Howard J Edelman Vice President & Assistant Secretary | OfficerTrustee | 1 | $0 |
Paul Rezents Vice President & Assistant Secretary | OfficerTrustee | 1 | $0 |
James Proud Vice President & Assistant Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Heitman Llc Investment Management | 12/30/16 | $293,176 |
Epoch Management Inc Property Management | 12/30/16 | $147,335 |
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 | $5,720,749 |
| Investment income | $0 |
| 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 | $6,086,314 |
| 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 | $622,625 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $152,100 |
| Fees for services: Legal | $1,225 |
| Fees for services: Accounting | $3,120 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $367 |
| Advertising and promotion | $142,973 |
| Office expenses | $114,624 |
| 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 | $1,037,295 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $168,532 |
| All other expenses | $169,727 |
| Total functional expenses | $4,005,229 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $868,414 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,530 |
| 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 | $104,790 |
| Net Land, buildings, and equipment | $79,700,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $80,676,734 |
| Accounts payable and accrued expenses | $116,723 |
| Grants payable | $0 |
| Deferred revenue | $68,216 |
| 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 | $29,281,840 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $136,022 |
| Total liabilities | $29,602,801 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $34,995,425 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $16,078,508 |
| Total liabilities and net assets/fund balances | $80,676,734 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lafp Orlando Inc Boston, MA | $80,676,734 | $6,086,314 |
Independence Northwest Center For Independent Living Of Northwest Ct Naugatuck, CT | $489,040 | $1,240,641 |
Friends Of The Rochester Publicmarket Inc Rochester, NY | $247,257 | $1,203,595 |
Tin Can Sailors Inc Somerset, MA | $789,447 | $591,176 |
New York Institute Of Credit New York, NY | $264,595 | $454,938 |
Finger Lakes Regionaltelecommunications Development Corp Canandaigua, NY | $4,537,806 | $518,832 |
Yonkers Larkin Garage Inc New York, NY | $10,459,598 | $585,425 |
Project Home Again Andover, MA | $210,672 | $429,831 |
New York Legislative Service Inc New York, NY | $200,986 | $313,008 |
United Community Center Of Westchester New Rochelle, NY | $330,164 | $240,452 |
Elite Meet Inc Marlborough, CT | $113,134 | $259,797 |
Nathan Hale Foundation Inc Plymouth, MA | $301,878 | $38,743 |