Civic Intelligence

Lake Waubeeka Association Inc

EIN 06-0801235 • 501(c)12 • Danbury, CT

Profile

Provision of water, utility, recreation and security services to members

137 Post RoadDanbury, CT 06810

www.lakewaubeeka.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

49th percentile

0.19x

Higher debt load relative to assets than 49% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

48th percentile

0.56x

Higher debt load relative to revenue than 48% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Source year 2025

Net Margin

84th percentile

32%

Higher net margin than 84% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

68th percentile

$0

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)12 • $1M-$5M nonprofits • Source year 2025

Asset Growth

79th percentile

9.3%

Faster asset growth than 79% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

74th percentile

18%

Faster revenue growth than 74% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Up

$3,444,565

Up $293,804 (+9.3%) from 2024

Liabilities

Down

$650,781

Down $80,202 (-11%) from 2024

Net Assets

Up

$2,793,784

Up $374,006 (+15%) from 2024

Revenue

Up

$1,154,873

Up $172,334 (+18%) from 2024

Expenses

Down

$780,867

Down $63,713 (-7.5%) from 2024

Net Income

Up

$374,006

Up $236,047 (+171%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2012: $1,737,296Liabilities 2012: $430,426Net Assets 2012: $1,306,8702012Assets 2013: $1,887,377Liabilities 2013: $411,559Net Assets 2013: $1,475,8182013Assets 2014: $2,246,501Liabilities 2014: $586,354Net Assets 2014: $1,660,1472014Assets 2015: $2,527,944Liabilities 2015: $762,746Net Assets 2015: $1,765,1982015Assets 2016: $3,373,558Liabilities 2016: $1,540,582Net Assets 2016: $1,832,9762016Assets 2017: $3,284,456Liabilities 2017: $1,435,280Net Assets 2017: $1,849,1762017Assets 2018: $3,208,777Liabilities 2018: $1,314,103Net Assets 2018: $1,894,6742018Assets 2019: $3,199,981Liabilities 2019: $1,275,930Net Assets 2019: $1,924,0512019Assets 2020: $3,100,628Liabilities 2020: $1,139,654Net Assets 2020: $1,960,9742020Assets 2021: $3,059,741Liabilities 2021: $982,757Net Assets 2021: $2,076,9842021Assets 2022: $3,056,559Liabilities 2022: $898,819Net Assets 2022: $2,157,7402022Assets 2023: $3,068,817Liabilities 2023: $786,998Net Assets 2023: $2,281,8192023Assets 2024: $3,150,761Liabilities 2024: $730,983Net Assets 2024: $2,419,7782024Assets 2025: $3,444,565Liabilities 2025: $650,781Net Assets 2025: $2,793,7842025

Highlighted filing

2025

Assets$3,444,565
Liabilities$650,781
Net Assets$2,793,784

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0Revenue 2012: $765,515Expenses 2012: $619,928Net Income 2012: $145,5872012Revenue 2013: $810,433Expenses 2013: $641,485Net Income 2013: $168,9482013Revenue 2014: $820,783Expenses 2014: $703,064Net Income 2014: $117,7192014Revenue 2015: $820,910Expenses 2015: $715,859Net Income 2015: $105,0512015Revenue 2016: $807,913Expenses 2016: $740,435Net Income 2016: $67,4782016Revenue 2017: $860,226Expenses 2017: $844,026Net Income 2017: $16,2002017Revenue 2018: $851,176Expenses 2018: $805,678Net Income 2018: $45,4982018Revenue 2019: $885,160Expenses 2019: $855,783Net Income 2019: $29,3772019Revenue 2020: $853,221Expenses 2020: $816,298Net Income 2020: $36,9232020Revenue 2021: $879,549Expenses 2021: $763,539Net Income 2021: $116,0102021Revenue 2022: $904,182Expenses 2022: $823,426Net Income 2022: $80,7562022Revenue 2023: $942,466Expenses 2023: $818,387Net Income 2023: $124,0792023Revenue 2024: $982,539Expenses 2024: $844,580Net Income 2024: $137,9592024Revenue 2025: $1,154,873Expenses 2025: $780,867Net Income 2025: $374,0062025

Highlighted filing

2025

Revenue$1,154,873
Expenses$780,867
Net Income$374,006

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.44$0.65$2.79$1.15$0.78$0.37
2024Detailed filing. Detailed filing data is available for this year.$3.15$0.73$2.42$0.98$0.84$0.14
2023Detailed filing. Detailed filing data is available for this year.$3.07$0.79$2.28$0.94$0.82$0.12
2022Detailed filing. Detailed filing data is available for this year.$3.06$0.90$2.16$0.90$0.82$0.08
2021Detailed filing. Detailed filing data is available for this year.$3.06$0.98$2.08$0.88$0.76$0.12
2020Detailed filing. Detailed filing data is available for this year.$3.10$1.14$1.96$0.85$0.82$0.04
2019Detailed filing. Detailed filing data is available for this year.$3.20$1.28$1.92$0.89$0.86$0.03
2018Detailed filing. Detailed filing data is available for this year.$3.21$1.31$1.89$0.85$0.81$0.05
2017Detailed filing. Detailed filing data is available for this year.$3.28$1.44$1.85$0.86$0.84$0.02
2016Detailed filing. Detailed filing data is available for this year.$3.37$1.54$1.83$0.81$0.74$0.07
2015Detailed filing. Detailed filing data is available for this year.$2.53$0.76$1.77$0.82$0.72$0.11
2014Detailed filing. Detailed filing data is available for this year.$2.25$0.59$1.66$0.82$0.70$0.12
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.89$0.41$1.48$0.81$0.64$0.17
2012Summary only. Only limited summary data is available for this year.$1.74$0.43$1.31$0.77$0.62$0.15
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 1, 2024 to May 31, 2025
Signed
Sep 29, 2025
Return Version
2024v5.2
Gross Receipts
$1,154,873
Mission and Program Overview

Mission

Provision of water, utility, recreation

Provision of water, utility, recreation and security services to members

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,194,175$2,547,341▲ $353,166
Savings and Temporary Cash Investments$893,308$851,377▼ $41,931
Cash and Non-Interest-Bearing Accounts$13,218$26,305▲ $13,087
Prepaid Expenses and Deferred Charges$12,076$10,830▼ $1,246
Accounts Receivable$7,476$8,712▲ $1,236
Total Assets$3,150,761$3,444,565▲ $293,804
Other Assets Total$30,508$0▼ $30,508
Liabilities
Mortgage Notes Payable Secured by Investment Property$667,552$594,566▼ $72,986
Accounts Payable and Accrued Expenses$34,323$39,526▲ $5,203
Deferred Revenue$29,108$16,689▼ $12,419
Total Liabilities$730,983$650,781▼ $80,202
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,419,778$2,793,784▲ $374,006
Total Net Assets Fund Balance$2,419,778$2,793,784▲ $374,006
Total Liabilities and Net Assets / Fund Balance$3,150,761$3,444,565▲ $293,804

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,783,110$1,637,086$3,420,196
Equipment$134,119$785,148$919,267
Land$567,460-$567,460
Buildings$62,652$238,126$300,778
Compensation and Service Providers

Board Members and Trustees

NameTitle
David ZwangPresident
Josh Isaacson1st Vice President
Robert Sass2nd Vice President
Dan SchwartzDirector
Jacki JohnsonDirector
Jason ResiserDirector
Kevin MonthieDirector
Suanne McmanusDirector
Bill HeeseCorresponding Secretary
Cathy CarterRecording Secretary
Deborah JuddTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,111,185
Investment Income
$43,538
Other Revenue
$150
Change in Net Assets
$374,006

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,154,873
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,154,873
Total Revenue per Form 990
$1,154,873
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$634,178
Salaries, Compensation, and Employee Benefits$146,689
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$136,477
Other Salaries and Wages---$120,594
Occupancy---$113,086
Insurance---$58,421
Interest---$25,189
Fees for Services Management---$18,450
Other Expenses---$17,011
Other Employee Benefits---$15,811
Office Expenses---$15,714
Payroll Taxes---$10,284
Fees for Services Accounting---$9,200
Fees for Services Other---$2,053
Information Technology---$900
Total Functional Expenses$0$0$0$780,867

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$780,867
Total Expenses per Audited Statements$780,867
Total Expenses per Form 990$780,867
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Lake waubeeka association, inc. Has members which consist of homeowners

Form 990, Part VI, Section A, Line 7A

Members elect the board of directors at the annual meeting

Form 990, Part VI, Section A, Line 7B

Members approve the budget at annual meeting

Form 990, Part VI, Section B, Line 11B

The 990 is reviewed by the president and treasurer prior to filing.

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Lake Waubeeka Association Inc
EIN
06-0801235
Phone
2037906888
Address
137 POST ROAD, DANBURY, CT 06810

Signing Officer

Name
David Zwang
Title
President
Phone
2037906888
Signed
2025-09-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Zwang
Formed
1951
Legal Domicile
Ct
Voting Board Members
11
Independent Board Members
11
Employees
4
Volunteers
0

Preparer

Firm
Fiorita Kornhaas & Company Pc
Address
146 DEER HILL AVENUE, DANBURY, CT 06810
Preparer
Paula Lathrop
Phone
2037901040
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Lake waubeeka association, inc. Has no significant uncertain tax positions.

Raw XML Appendix380 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherSalariesAndWagesGrp/TotalAmt0120594
IRS990/OtherSourcesGrossIncomeAmt09259
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt010284
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012076
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010830
IRS990/PrincipalOfficerNm0DAVID ZWANG
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0MEMBER ASSESSMENTS
IRS990/ProgramServiceRevenueGrp/Desc1OTHER INCOME
IRS990/ProgramServiceRevenueGrp/Desc2LATE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01100400
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt19643
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21142
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01100400
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt19643
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21142
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt028064
IRS990/PYOtherExpensesAmt0701471
IRS990/PYOtherRevenueAmt0-200
IRS990/PYProgramServiceRevenueAmt0954675
IRS990/PYRevenuesLessExpensesAmt0137959
IRS990/PYSalariesCompEmpBnftPaidAmt0143109
IRS990/PYTotalExpensesAmt0844580
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0982539
IRS990/ReconcilationRevenueExpnssAmt0374006
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0150
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0893308
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0851377
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt062652
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0238126
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0300778
IRS990ScheduleD/EquipmentGrp/BookValueAmt0134119
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0785148
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0919267
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0780867
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0567460
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0567460
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01783110
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01637086
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03420196
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01154873
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0LAKE WAUBEEKA ASSOCIATION, INC. HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02547341
IRS990ScheduleD/TotalExpensesPerForm990Amt0780867
IRS990ScheduleD/TotalRevenuePerForm990Amt01154873
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01154873
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0780867
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LAKE WAUBEEKA ASSOCIATION, INC. HAS MEMBERS WHICH CONSIST OF HOMEOWNERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ELECT THE BOARD OF DIRECTORS AT THE ANNUAL MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS APPROVE THE BUDGET AT ANNUAL MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 990 IS REVIEWED BY THE PRESIDENT AND TREASURER PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CT
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03150761
IRS990/TotalAssetsEOYAmt03444565
IRS990/TotalAssetsGrp/BOYAmt03150761
IRS990/TotalAssetsGrp/EOYAmt03444565
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/TotalAmt0780867
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0730983
IRS990/TotalLiabilitiesEOYAmt0650781
IRS990/TotalLiabilitiesGrp/BOYAmt0730983
IRS990/TotalLiabilitiesGrp/EOYAmt0650781
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02419778
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02793784
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt01111185
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt043538
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01111335
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01154873
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03150761
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03444565
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0137 POST ROAD
IRS990/USAddress/CityNm0DANBURY
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd006810
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.LAKEWAUBEEKA.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID ZWANG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02037906888
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-09-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAKE WAUBEEKA ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0LAKE
ReturnHeader/Filer/EIN0060801235
ReturnHeader/Filer/PhoneNum02037906888
ReturnHeader/Filer/USAddress/AddressLine1Txt0137 POST ROAD
ReturnHeader/Filer/USAddress/CityNm0DANBURY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006810
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0061183747
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FIORITA KORNHAAS & COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0146 DEER HILL AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DANBURY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd006810
ReturnHeader/PreparerPersonGrp/PhoneNum02037901040
ReturnHeader/PreparerPersonGrp/PreparationDt02025-09-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PAULA LATHROP
ReturnHeader/ReturnTs02025-09-29T07:34:16-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-06-01
ReturnHeader/TaxPeriodEndDt02025-05-31
ReturnHeader/TaxYr02024

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