Forest Lakes Homeowners Association
- Assets
- $322.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Forest Lakes, AZ
- Founding
- 12/1970
- Data as of
- 12/2022
- EIN
- 86-0218875
Organization Overview
Forest Lakes Homeowners Association is located in Forest Lakes, AZ. The organization was established in 1970. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, 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. Forest Lakes Homeowners Association 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 12/2022, Forest Lakes Homeowners Association generated $68.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $40.9k during the year ending 12/2022. While expenses have increased by 1.2% 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDING A MEETING PLACE FOR OWNERS IN THE FOREST LAKES, AZ GEOGRAPHIC AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shane Williams Treasurer | 1 | $0 | |
Gabrielle Zornes Secretary | 0 | $0 | |
Donna Brunton Director | 0 | $0 | |
James Depriest Director | 0 | $0 | |
Shari Massion Director | 0 | $0 | |
Cal Phillips Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,500 |
| Total Program Service Revenue | $0 |
| Membership dues | $29,542 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $37,273 |
| Other Revenue | $0 |
| Total Revenue | $68,315 |
| 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 | $1,392 |
| Occupancy, rent, utilities, and maintenance | $21,810 |
| Printing, publications, postage, and shipping | $831 |
| Other expenses | $16,838 |
| Total expenses | $40,871 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $77,630 |
| Other assets | $0 |
| Total assets | $322,336 |
| Total liabilities | $0 |
| Net assets or fund balances | $322,336 |
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