Lake Linganore Association Inc

Organization Overview

Lake Linganore Association Inc is located in New Market, MD. The organization was established in 2014. According to its NTEE Classification (S22) the organization is classified as: Neighborhood & Block Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 02/2023, Lake Linganore Association Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Linganore Association 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 02/2023, Lake Linganore Association Inc generated $7.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $7.0m during the year ending 02/2023. While expenses have increased by 7.6% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE THE HEALTH, SAFETY & WELFARE OF THE RESIDENTS AND ENFORCE ALL COVENANTS AND RESTRICTIONS IN ACCORDANCE WITH GOVERNING DOCUMENTS. IT IS THE MISSION OF THE ASSOTIATION TO IMPLEMENT POLICIES AS SET FORTH BY THE GOVERNING DOCUMENTS AND THE BOARD OF DIRECTORS; TO MAINTAIN COMMUNITY ASSETS; ADDRESS RESIDENT CONCERNS; MANAGE THE FINANCIAL ASSETS OF THE ASSOCIATION; EXECUTE THE YEARLY BUDGET; ENFORCE ASSOCIATION RULES; ADMINISER COMMUNITY PROGRAMS;; AND TO PROVIDE SERVICES TO ENHANCE THE QUALITY OF LIFE IN THE LAKE LINGANORE COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OPERATION OF POOLS, TENNIS COURTS, LAKE ACTIVITIES, AND THE ASSOCIAION OFFICES SO AS TO MAINTAIN COMMON PROPERTY AND PROVIDE SERVICES TO THE COMMUNITY.


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Board, Officers & Key Employees

Name (title)Compensation
Jack Anderson
President
$0
Bob Charles
Vice President
$0
George Schwab
Treasurer
$0
Sally Hoague
Secretary
$0
Niket Gupta
Director
$0
Mat Fleischer
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Papillon & Moyer Excavating & Paving Ll
Road Construction And Major Repair
$906,728
High Sierra Pools Inc
Commercial Pool Management Service
$484,082
J&j Inc Trash Service
Trash Pickup Service
$537,267
Beachy Companies
Landscaping Services
$455,976
Truist Item Processing Center
$368,461
View All Vendors

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$7,517,273
Investment income $33,930
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 $7,551,203

Peer Organizations

Organization NameAssets
Community Associations Institute
Falls Church, VA
$16,730,640
Lake Linganore Association Inc
New Market, MD
$7,551,203
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Abingdon, VA
$4,663,057
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Marshall Heights Community Development Organization
Washington, DC
$2,691,542
Pennsylvania Apartment Association
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$2,288,319
Laura E Price Briggs Estate 4042008-Te
Pittsburgh, PA
-$861,908
H Street Community Development Corp
Washington, DC
$871,328
Community Association Managers Intl Certification Board Inc
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$1,731,019
Community Associations Institute
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$1,448,456
Overlee Community Association Inc
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Keystone Chapter Community Asso Int
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Long Reach Community Association Inc
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Rwbid Management Company
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$594,606
Main Street Growth and Opportunity Coalition Inc
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$0
Community Associations Institute
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$769,965
Columbia Town Center Residential Community Association Inc
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$564,941
River Hill Community Association Inc
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Oakland Mills Community Association Inc
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Wilde Lake Community Association
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Dc Or Nothing
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