West Lakes Hwc Inc
- Assets
- $16.7m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Orlando, FL
- Founding
- Data as of
- 12/2023
- EIN
- 86-3479633
Organization Overview
West Lakes Hwc Inc is located in Orlando, FL. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Lakes Hwc Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING ORGANIZATION OF LIFT ORLANDO FOR THE PRIMARY PURPOSE OF THE CONSTRUCTION AND OPERATING OF A HEALTH AND WELLNESS CENTER KNOWN AS THE HEART OF WEST LAKES WELLNESS CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WEST LAKES HWC, INC. WAS INCORPORATED ON APRIL 20, 2021 FOR CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CLASSIFIED AS A SUPPORTING ORGANIZATION TO LIFT ORLANDO, INC. WEST LAKES HWC, INC. PERFORMS AND CARRIES OUT THE EXEMPT PURPOSES OF LIFT ORLANDO, INC. SPECIFICALLY, THE PRIMARY PURPOSE OF WEST LAKES HWC, INC. IS THE CONSTRUCTION AND OPERATION OF A HEALTH AND WELLNESS CENTER KNOWN AS THE HEART OF WEST LAKES WELLNESS CENTER (HEART). IN JUNE OF 2021, WEST LAKES HWC SECURED NEW MARKETS TAX CREDITS TO PROVIDE THE FINAL FUNDING NEEDED TO FINANCE THE CONSTRUCTION OF THE HEART OF WEST LAKES WELLNESS CENTER. THE HEART OPENED IN JUNE 2023 AND IS A RESIDENT-FOCUSED CENTER, DESIGNED TO STRENGTHEN THE COMMUNITY BY PROVIDING CONVENIENT ACCESS TO HOLISTIC HEALTH, FINANCIAL, AND LIFESTYLE SERVICES UNDER ONE ROOF. THE TWO-STORY FACILITY IS A SPACE FOR RESIDENTS TO CONNECT, LEARN, AND THRIVE, AND FEATURES FIRST-CLASS AMENITIES PAIRED WITH DECOR THAT PAYS HOMAGE TO THE COMMUNITY'S RICH HISTORY. ON THE FIRST FLOOR, RESIDENTS CAN ACCESS LEGACY CAF, THE WEST LAKES FINANCIAL WELLBEING CENTER, THE FLORIDA BLUE CENTER ORLANDO WEST LAKES, THE HEART OF WEST LAKES EVENT SPACE, AND GREEN SPACES. ON THE SECOND FLOOR, COMMUNITY HEALTH CENTERS (CHC) PROVIDES COMPREHENSIVE HEALTHCARE SERVICES AND A PHARMACY, OFFERING A VITAL, NEW RESOURCE TO COMBAT THE AREA'S EXTREME LACK OF ACCESS TO HEALTHCARE SERVICES. THIS FLOOR IS ALSO BE HOME TO THE OFFICES OF LIFT ORLANDO AND ELEVATE ORLANDO.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Moratin President | OfficerTrustee | 2 | $0 |
Mark Shamley Vp/board Member (as Of 01/23) | Trustee | 5 | $0 |
Terry Prather Board Member/sec (thru 12/23) | OfficerTrustee | 15 | $0 |
David L Brewer III Board Member | Trustee | 1 | $0 |
Bob Miles Board Member, Treasurer | OfficerTrustee | 1 | $0 |
Paul C Perkins Jr Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rc Stevens Construction Co Construction Svcs | 12/30/23 | $4,402,655 |
Pennington Associates Inc Construction Svcs | 12/30/23 | $226,605 |
Wired Technologies Group Technology Svcs | 12/30/23 | $158,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $998,968 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $388,968 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $998,968 |
| Total Program Service Revenue | $274,380 |
| Investment income | $133 |
| 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 | $1,273,481 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $24,000 |
| Fees for services: Legal | $25,669 |
| Fees for services: Accounting | $33,630 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,425 |
| Advertising and promotion | $0 |
| Office expenses | $419 |
| Information technology | $937 |
| Royalties | $0 |
| Occupancy | $182,417 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $134,165 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $413,559 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $892,974 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $534,946 |
| Savings and temporary cash investments | $0 |
| 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 | $7,977 |
| Net Land, buildings, and equipment | $14,884,764 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,302,417 |
| Total assets | $16,730,104 |
| Accounts payable and accrued expenses | $167,582 |
| Grants payable | $0 |
| Deferred revenue | $1,177,432 |
| 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 | $12,671,635 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,011,005 |
| Total liabilities | $15,027,654 |
| Net assets without donor restrictions | $1,702,450 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $16,730,104 |