Lakeside Plaza Inc
- Assets
- $1.4m
- Revenue
- $570.8k
- Investments
- $0.0
- Employees
- 7
- Location
- Mcpherson, KS
- Founding
- 06/1973
- Data as of
- 08/2023
- EIN
- 48-0772162
Organization Overview
Lakeside Plaza Inc is located in Mcpherson, KS. The organization was established in 1973. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 08/2023, Lakeside Plaza Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakeside Plaza Inc 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 08/2023, Lakeside Plaza Inc generated $570.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $638.6k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE AFFORDABLE HOUSING TO QUALIFIED INDIVIDUALS INCLUDING LOW AND MODERATE INCOME AND ELDERLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROJECT'S SINGULAR PURPOSE IS TO PROVIDE APARTMENTS FOR QUALIFIED INDIVIDUALS TO RENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Hughes Chairman | OfficerTrustee | 2 | $0 |
Tiffani Floyd Chamber President | OfficerTrustee | 2 | $0 |
Chad Hitt Chamber President Elect | OfficerTrustee | 1 | $0 |
Debbie Hawkinson Chamber Executive Director | OfficerTrustee | 1 | $0 |
Courtney Rierson Treasurer | OfficerTrustee | 1 | $0 |
Bonnie Hoffman Executive Director | Officer | 40 | $61,547 |
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 | $564,506 |
| Investment income | $1,275 |
| 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 | $570,791 |
| 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. | $62,467 |
| Compensation of current officers, directors, key employees. | $32,146 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $123,304 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,668 |
| Payroll taxes | $15,535 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $90 |
| Fees for services: Accounting | $4,899 |
| 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 | $12,098 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,854 |
| Insurance | $71,002 |
| All other expenses | $29,191 |
| Total functional expenses | $638,645 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102 |
| Savings and temporary cash investments | $435,833 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,571 |
| 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 | $50,288 |
| Net Land, buildings, and equipment | $876,269 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,079 |
| Total assets | $1,401,142 |
| Accounts payable and accrued expenses | $115,171 |
| 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 | $0 |
| Total liabilities | $115,171 |
| 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 | $1,285,971 |
| Total liabilities and net assets/fund balances | $1,401,142 |