Lake Hillsdale Property Owners
- Assets
- $756.4k
- Revenue
- $167.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Lumberton, MS
- Founding
- 08/2014
- Data as of
- 07/2021
- EIN
- 64-0540727
Organization Overview
Lake Hillsdale Property Owners, operating under the name Lhpoa, is located in Lumberton, MS. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lhpoa 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 07/2021, Lhpoa generated $167.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (21.0%) each year. All expenses for the organization totaled $165.4k during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (15.7%) per year over the past 3 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HOME OWNERS ASSOCIATION WITH THE PURPOSE TO OWN, HOLD, MANAGE, SUPERVISE, MAINTAIN, PROTECT AND IMPROVE COMMON REALITY. TO EXERCISE THE RIGHT AND POWER TO PROMULGATE, AMEND AND ENFORCE REASONABLE RESTRICTIONS, CONVENANTS AND CONDITIONS AS DEFINED IN THE LHPOA BY-LAWS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTENANCE AND REPAIR OF ROADS, LAKES AND DAMS, AND THE CONSTRUCTION AND REPAIR OF BUILDINGS AND INFRASTRUCTURE. THE ASSOCIATION MAINTAINS TWENTY MILES OF GRAVEL ROADS, THREE LAKES AND DAMS AND FIVE BUILDINGS FOR WHICH THE ORGANIZATION RECEIVED MEMBERSHIP AND STATE GRANTS FOR PARTICIPATION IN MISSISSIPPI FIREWISE PROGRAM. SERVICES PROVIDED BENEFITED MEMBERS, GUESTS, AND LOCAL COMMUNITY.
MANAGEMENT OF LHPOA GOLF CENTER AND NINE HOLE GOLF COURSE LEASE AGREEMENTS ALLOWING ACCESS BY MEMBERS, GUESTS, AND COMMUNITY. REVENUE FROM LEASE OF THE PROPERTY IS USED TO ASSIST IN PAYMENT OF PROPERTY TAXES AND GOLF COURSE IMPROVEMENTS. SERVICES PROVIDED BENEFITED MEMBERS, GUESTS, AND THE LOCAL COMMUNITY.
PROVIDE LABOR AND SERVICES TO ASSIST HOME OWNERS IN CLEARING LAND AND INSTALLATION OF CULVERTS AND LOT MAINTENANCE, INCLUDING REMOVAL AND SALE OF SCRAP METALS. SERVICES PROVIDED BENEFITED MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melvin Hunsinger President | Officer | 0 | $0 |
Clifton Hebert Vice-President | Officer | 0 | $0 |
Jean Rester Board Member | Officer | 0 | $0 |
Hubert Livingston Board Member | Officer | 0 | $0 |
Dave Johnson Board Member | Officer | 0 | $0 |
Barbara Miller Board Member | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| 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 | $167,644 |
| Statement of Expenses | |
|---|---|
| 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. | $14,624 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $64,047 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,164 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,323 |
| Fees for services: Accounting | $0 |
| 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 | $8,435 |
| Information technology | $1,371 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $410 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,536 |
| All other expenses | $0 |
| Total functional expenses | $165,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,553 |
| Savings and temporary cash investments | $128 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $756,362 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $756,362 |