Civic Intelligence

Lake Parsippany Property Owners Association Inc

EIN 22-1054157 • 501(c)4 • Parsippany, NJ

Profile

Consistent with the past, we continue to provide recreation activities to our memembers such as swimming, fishing, boating and other intramural sports. As we are a lake community situation in new jersey, our local climate greatly impacts the use of our lake by our members with the summer season being the period of greatest usage. A small portion of the revenue is derived from the rental of our owned clubhouse where memebers and non-members may rent the facility to host a private event (e.g. Birthday, graduation, etc...)

PO Box 62Parsippany, NJ 07054

lake-parsippany.org

Siviq Scores

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

Liabilities / Assets

49th percentile

0.04x

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

NTEE S • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

52nd percentile

0.06x

Higher debt load relative to revenue than 52% of similar nonprofits.

NTEE S • $500k-$1M nonprofits • Source year 2023

Net Margin

20th percentile

-13%

Higher net margin than 20% of similar nonprofits.

NTEE S • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

NTEE S • $500k-$1M nonprofits • Source year 2023

Asset Growth

23rd percentile

-11%

Faster asset growth than 23% of similar nonprofits.

NTEE S • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

31st percentile

-5.2%

Faster revenue growth than 31% of similar nonprofits.

NTEE S • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets49th percentile

Assets

Down

$648,348

Down $76,554 (-11%) from 2022

Liabilities

Down

$26,009

Down $20,814 (-44%) from 2022

Net Assets

Down

$622,339

Down $55,740 (-8.2%) from 2022

Operations
Liabilities / Revenue52nd percentileNet Margin20th percentile

Revenue

Down

$445,504

Down $24,199 (-5.2%) from 2022

Expenses

Up

$501,244

Up $43,230 (+9.4%) from 2022

Net Income

Down

-$55,740

Down $67,429 (-577%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth23rd percentile

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

$1.5M$1.0M$500K$0Assets 2010: $1,017,174Liabilities 2010: $0Net Assets 2010: $1,017,1742010Assets 2011: $392,100Liabilities 2011: $02011Assets 2012: $380,525Liabilities 2012: $02012Assets 2013: $379,326Liabilities 2013: $02013Assets 2014: $355,838Liabilities 2014: $02014Assets 2015: $353,261Liabilities 2015: $02015Assets 2016: $343,428Liabilities 2016: $02016Assets 2017: $343,237Liabilities 2017: $0Net Assets 2017: $343,2372017Assets 2018: $303,029Liabilities 2018: $0Net Assets 2018: $303,0292018Assets 2019: $407,061Liabilities 2019: $210Net Assets 2019: $406,8512019Assets 2020: $712,430Liabilities 2020: $307Net Assets 2020: $712,1232020Assets 2021: $615,335Liabilities 2021: $1,224Net Assets 2021: $614,1112021Assets 2022: $724,902Liabilities 2022: $46,823Net Assets 2022: $678,0792022Assets 2023: $648,348Liabilities 2023: $26,009Net Assets 2023: $622,3392023

Highlighted filing

2023

Assets$648,348
Liabilities$26,009
Net Assets$622,339
Open 2023 Filing

Operations Trend

Revenue Growth31st percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2010: $173,824Expenses 2010: $164,821Net Income 2010: $9,0032010Revenue 2011: $184,079Expenses 2011: $168,872Net Income 2011: $15,2072011Revenue 2012: $166,822Expenses 2012: $178,397Net Income 2012: -$11,5752012Revenue 2013: $168,805Expenses 2013: $170,004Net Income 2013: -$1,1992013Revenue 2014: $182,721Expenses 2014: $206,209Net Income 2014: -$23,4882014Revenue 2015: $157,440Expenses 2015: $195,046Net Income 2015: -$37,6062015Revenue 2016: $190,707Expenses 2016: $200,540Net Income 2016: -$9,8332016Revenue 2017: $212,423Expenses 2017: $212,614Net Income 2017: -$1912017Revenue 2018: $188,666Expenses 2018: $228,874Net Income 2018: -$40,2082018Revenue 2019: $172,520Expenses 2019: $257,156Net Income 2019: -$84,6362019Revenue 2020: $671,891Expenses 2020: $366,619Net Income 2020: $305,2722020Revenue 2021: $503,205Expenses 2021: $351,426Net Income 2021: $151,7792021Revenue 2022: $469,703Expenses 2022: $458,014Net Income 2022: $11,6892022Revenue 2023: $445,504Expenses 2023: $501,244Net Income 2023: -$55,7402023

Highlighted filing

2023

Revenue$445,504
Expenses$501,244
Net Income-$55,740
Open 2023 Filing

Filings

Most recent year

2023 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$648,348
Liabilities
$26,009
Net assets
$622,339
Revenue
$445,504
Expenses
$501,244
Net income
-$55,740
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.65$0.03$0.62$0.45$0.50$0.06
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.72$0.05$0.68$0.47$0.46$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.62$0.00$0.61$0.50$0.35$0.15
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.71$0.00$0.71$0.67$0.37$0.31
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.41$0.00$0.41$0.17$0.26$0.08
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.30$0.00$0.30$0.19$0.23$0.04
2017Summary only. Only limited summary data is available for this year.$0.34$0.00$0.34$0.21$0.21$0.00
2016Summary only. Only limited summary data is available for this year.$0.34$0.00$0.19$0.20$0.01
2015Summary only. Only limited summary data is available for this year.$0.35$0.00$0.16$0.20$0.04
2014Summary only. Only limited summary data is available for this year.$0.36$0.00$0.18$0.21$0.02
2013Summary only. Only limited summary data is available for this year.$0.38$0.00$0.17$0.17$0.00
2012Summary only. Only limited summary data is available for this year.$0.38$0.00$0.17$0.18$0.01
2011Summary only. Only limited summary data is available for this year.$0.39$0.00$0.18$0.17$0.02
2010Summary only. Only limited summary data is available for this year.$1.02$0.00$1.02$0.17$0.16$0.01
Latest Detailed Filing

The latest 2023 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$469,703
Mission and Program Overview

Mission

Consistent with the past, we continue to provide recreation activities to our members such as swimming, fishing, boating and other intramural sports. As we are a lake community situated in New Jersey, our local climate greatly impacts the use of our lake by our members with the summer season being the period of greatest usage. A small portion of our revenue is derived from the rental of our owned clubhouse where members and non-members may rent the facility to hose a private event (e.g. birthday, graduation, etc.)

Consistent with the past, we continue to provide recreation activities to our memembers such as swimming, fishing, boating and other intramural sports. As we are a lake community situation in new jersey, our local climate greatly impacts the use of our lake by our members with the summer season being the period of greatest usage. A small portion of the revenue is derived from the rental of our owned clubhouse where memebers and non-members may rent the facility to host a private event (e.g. Birthday, graduation, etc...)

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$430,235$524,800▲ $94,565
Land, Buildings, and Equipment, Net$185,100$185,100→ $0
Prepaid Expenses and Deferred Charges-$12,638-
Accounts Receivable-$2,364-
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$615,335$724,902▲ $109,567
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$1,224$41,090▲ $39,866
Other Liabilities-$5,733-
Total Liabilities$1,224$46,823▲ $45,599
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$614,111$678,079▲ $63,968
Total Net Assets Fund Balance$614,111$678,079▲ $63,968
Total Liabilities and Net Assets / Fund Balance$615,335$724,902▲ $109,567

Asset Categories

AssetBook ValueDepreciationBasis
Buildings-$230,000$230,000
Land$185,100-$185,100
Compensation and Service Providers
Top Officer Pay53rd percentile

Board Members and Trustees

NameTitle
Pulkit DesaiPresident
Nirav PatelVice President
Daniel NazzaroSecretary
Tarak BhattSecretary
Patty EllisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$415,817
Program Service Revenue
$0
Investment Income
$362
Other Revenue
$53,524
Change in Net Assets
$11,689
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$433,198
Salaries, Compensation, and Employee Benefits$24,816
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$61,176$18,472-$79,648
Fees for Services Management-$72,500-$72,500
Insurance-$52,582-$52,582
Other Expenses$25,707--$25,707
Other Salaries and Wages$24,816--$24,816
Fees for Services Legal-$10,723-$10,723
Fees for Services Accounting-$10,118-$10,118
Occupancy$8,910--$8,910
Fees for Services Other-$4,561-$4,561
Information Technology$2,714--$2,714
Office Expenses$867--$867
Total Functional Expenses$289,058$168,956$0$458,014
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Prepaid Owner Assessments$3,583
Hardship Fund$2,150
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Management duties delegated
No

Governance Explanations

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

“No review was or will be conducted.”

Form 990, Part VI, Section C, Line 19

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Lake Parsippany Property Owners
EIN
22-1054157
Phone
6463699169
Address
PO BOX 62, PARSIPPANY, NJ 07054

Signing Officer

Name
Pulkit Desai
Title
President
Phone
9738874947
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Pulkit Desai
Formed
1933
Legal Domicile
Nj
Voting Board Members
17
Independent Board Members
0
Employees
0

Preparer

Firm
Michael S Libock & Co LLC CPAs
Address
349 Kinderkamack Road, Westwood, NJ 07675
Preparer
John F Jilleba CPA
Phone
2012631333
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“BANK & CC FEES: Column (A) - Total = $283; Column (B) - Program Services = $0; Column (C) - Management & General = $283; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E

“BOATHOUSE FIRE PERMIT: Column (A) - Total = $80; Column (B) - Program Services = $80; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E

“CLUBHOUSE SECURITY SYSTEM: Column (A) - Total = $979; Column (B) - Program Services = $979; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E

“ELECTRICITY: Column (A) - Total = $2713; Column (B) - Program Services = $2713; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E

“GARDEN CLUB: Column (A) - Total = $186; Column (B) - Program Services = $186; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E

“MEMBERSHIPS & LICENSES: Column (A) - Total = $1488; Column (B) - Program Services = $1488; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E

“MISCELLANEOUS ADMIN EXP: Column (A) - Total = $4183; Column (B) - Program Services = $4183; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E

“NJ ANNUAL REPORT FILING FEE: Column (A) - Total = $31; Column (B) - Program Services = $0; Column (C) - Management & General = $31; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E

“PLUMBING & HEATING: Column (A) - Total = $5521; Column (B) - Program Services = $5521; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E

“Postage and Shipping: Column (A) - Total = $18158; Column (B) - Program Services = $0; Column (C) - Management & General = $18158; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E

“Printing and Publications: Column (A) - Total = $1500; Column (B) - Program Services = $1500; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E

“SANITATION: Column (A) - Total = $5603; Column (B) - Program Services = $5603; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E

“SNOW REMOVAL: Column (A) - Total = $5122; Column (B) - Program Services = $5122; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E

“STOCK LAKE: Column (A) - Total = $3498; Column (B) - Program Services = $3498; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E

“TELEPHONE & INTERNET: Column (A) - Total = $6566; Column (B) - Program Services = $6566; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E

“WATER ANALYSIS & TREATMENT: Column (A) - Total = $23737; Column (B) - Program Services = $23737; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Raw XML Appendix377 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt01224
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt041090
IRS990/AccountsReceivableGrp/EOYAmt02364
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0CONSISTENT WITH THE PAST, WE CONTINUE TO PROVIDE RECREATION ACTIVITIES TO OUR MEMEMBERS SUCH AS SWIMMING, FISHING, BOATING AND OTHER INTRAMURAL SPORTS. AS WE ARE A LAKE COMMUNITY SITUATION IN NEW JERSEY, OUR LOCAL CLIMATE GREATLY IMPACTS THE USE OF OUR LAKE BY OUR MEMBERS WITH THE SUMMER SEASON BEING THE PERIOD OF GREATEST USAGE. A SMALL PORTION OF THE REVENUE IS DERIVED FROM THE RENTAL OF OUR OWNED CLUBHOUSE WHERE MEMEBERS AND NON-MEMBERS MAY RENT THE FACILITY TO HOST A PRIVATE EVENT (E.G. BIRTHDAY, GRADUATION, ETC...)
IRS990/AdvertisingGrp/TotalAmt00
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IRS990/AllOtherExpensesGrp/ProgramServicesAmt061176
IRS990/AllOtherExpensesGrp/TotalAmt079648
IRS990/BackupWthldComplianceInd0false
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0PULKIT DESAI
IRS990/BooksInCareOfDetail/PhoneNum06463699169
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 62
IRS990/BooksInCareOfDetail/USAddress/CityNm0PARSIPPANY
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IRS990/BooksInCareOfDetail/USAddress/ZIPCd007054
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IRS990/CollectionsOfArtInd0false
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IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0415817
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0362
IRS990/CYOtherExpensesAmt0433198
IRS990/CYOtherRevenueAmt053524
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt011689
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IRS990/CYTotalExpensesAmt0458014
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IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0469703
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IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0LAKE PROPERTY OWNERS ASSOCIATION.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
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IRS990/ExpenseAmt0289058
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IRS990/FeesForServicesLegalGrp/TotalAmt010723
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt072500
IRS990/FeesForServicesManagementGrp/TotalAmt072500
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IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt115.00
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IRS990/Form990PartVIISectionAGrp/OfficerInd4X
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
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IRS990/Form990PartVIISectionAGrp/PersonNm0PULKIT DESAI
IRS990/Form990PartVIISectionAGrp/PersonNm1DANIEL NAZZARO
IRS990/Form990PartVIISectionAGrp/PersonNm2PATTY ELLIS
IRS990/Form990PartVIISectionAGrp/PersonNm3NIRAV PATEL
IRS990/Form990PartVIISectionAGrp/PersonNm4TARAK BHATT
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary
IRS990/Form990ProvidedToGvrnBodyInd0false
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IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
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IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InformationTechnologyGrp/TotalAmt02714
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IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0230000
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0185100
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0185100
IRS990/LandBldgEquipCostOrOtherBssAmt0415100
IRS990/LegalDomicileStateCd0NJ
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt0415817
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0false
IRS990/MissionDesc0CONSISTENT WITH THE PAST, WE CONTINUE TO PROVIDE RECREATION ACTIVITIES TO OUR MEMEMBERS SUCH AS SWIMMING, FISHING, BOATING AND OTHER INTRAMURAL SPORTS. AS WE ARE A LAKE COMMUNITY SITUATION IN NEW JERSEY, OUR LOCAL CLIMATE GREATLY IMPACTS THE USE OF OUR LAKE BY OUR MEMBERS WITH THE SUMMER SEASON BEING THE PERIOD OF GREATEST USAGE. A SMALL PORTION OF THE REVENUE IS DERIVED FROM THE RENTAL OF OUR OWNED CLUBHOUSE WHERE MEMEBERS AND NON-MEMBERS MAY RENT THE FACILITY TO HOST A PRIVATE EVENT (E.G. BIRTHDAY, GRADUATION, ETC...)
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0614111
IRS990/NetAssetsOrFundBalancesEOYAmt0678079
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt053524
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt053524
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0614111
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0678079
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt08910
IRS990/OccupancyGrp/TotalAmt08910
IRS990/OfficeExpensesGrp/ProgramServicesAmt0867
IRS990/OfficeExpensesGrp/TotalAmt0867
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Prior period adjustment
IRS990/OtherExpensesGrp/Desc1LANDSCAPING & GROUNDKEEPING
IRS990/OtherExpensesGrp/Desc2BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc3PROPERTY TAXES
IRS990/OtherExpensesGrp/ProgramServicesAmt083705
IRS990/OtherExpensesGrp/ProgramServicesAmt149843
IRS990/OtherExpensesGrp/ProgramServicesAmt231320
IRS990/OtherExpensesGrp/ProgramServicesAmt325707
IRS990/OtherExpensesGrp/TotalAmt083705
IRS990/OtherExpensesGrp/TotalAmt149843
IRS990/OtherExpensesGrp/TotalAmt231320
IRS990/OtherExpensesGrp/TotalAmt325707
IRS990/OtherLiabilitiesGrp/EOYAmt05733
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt024816
IRS990/OtherSalariesAndWagesGrp/TotalAmt024816
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt012638
IRS990/PrincipalOfficerNm0PULKIT DESAI
IRS990/PriorPeriodAdjustmentsAmt052279
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0485030
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt016
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0300685
IRS990/PYOtherRevenueAmt018159
IRS990/PYRevenuesLessExpensesAmt0151779
IRS990/PYSalariesCompEmpBnftPaidAmt050741
IRS990/PYTotalExpensesAmt0351426
IRS990/PYTotalRevenueAmt0503205
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt011689
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt053524
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0230000
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0230000
IRS990ScheduleD/LandGrp/BookValueAmt0185100
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0185100
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02150
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13583
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0HARDSHIP FUND
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PREPAID OWNER ASSESSMENTS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0185100
IRS990ScheduleD/TotalLiabilityAmt05733
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BANK & CC FEES: Column (A) - Total = $283; Column (B) - Program Services = $0; Column (C) - Management & General = $283; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOATHOUSE FIRE PERMIT: Column (A) - Total = $80; Column (B) - Program Services = $80; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CLUBHOUSE SECURITY SYSTEM: Column (A) - Total = $979; Column (B) - Program Services = $979; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ELECTRICITY: Column (A) - Total = $2713; Column (B) - Program Services = $2713; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GARDEN CLUB: Column (A) - Total = $186; Column (B) - Program Services = $186; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7MEMBERSHIPS & LICENSES: Column (A) - Total = $1488; Column (B) - Program Services = $1488; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8MISCELLANEOUS ADMIN EXP: Column (A) - Total = $4183; Column (B) - Program Services = $4183; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9NJ ANNUAL REPORT FILING FEE: Column (A) - Total = $31; Column (B) - Program Services = $0; Column (C) - Management & General = $31; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10PLUMBING & HEATING: Column (A) - Total = $5521; Column (B) - Program Services = $5521; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Postage and Shipping: Column (A) - Total = $18158; Column (B) - Program Services = $0; Column (C) - Management & General = $18158; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Printing and Publications: Column (A) - Total = $1500; Column (B) - Program Services = $1500; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13SANITATION: Column (A) - Total = $5603; Column (B) - Program Services = $5603; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14SNOW REMOVAL: Column (A) - Total = $5122; Column (B) - Program Services = $5122; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15STOCK LAKE: Column (A) - Total = $3498; Column (B) - Program Services = $3498; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16TELEPHONE & INTERNET: Column (A) - Total = $6566; Column (B) - Program Services = $6566; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17WATER ANALYSIS & TREATMENT: Column (A) - Total = $23737; Column (B) - Program Services = $23737; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17Form 990, Part IX, Line 24e
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0615335
IRS990/TotalAssetsEOYAmt0724902
IRS990/TotalAssetsGrp/BOYAmt0615335
IRS990/TotalAssetsGrp/EOYAmt0724902
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0415817
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0168956
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0289058
IRS990/TotalFunctionalExpensesGrp/TotalAmt0458014
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01224
IRS990/TotalLiabilitiesEOYAmt046823
IRS990/TotalLiabilitiesGrp/BOYAmt01224
IRS990/TotalLiabilitiesGrp/EOYAmt046823
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0614111
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0678079
IRS990/TotalProgramServiceExpensesAmt0289058
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt053886
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0469703
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0615335
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0724902
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0PO BOX 62
IRS990/USAddress/CityNm0PARSIPPANY
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd007054
IRS990/VotingMembersGoverningBodyCnt017
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0LAKE-PARSIPPANY.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PULKIT DESAI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum09738874947
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAKE PARSIPPANY PROPERTY OWNERS
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0LAKE
ReturnHeader/Filer/EIN0221054157
ReturnHeader/Filer/PhoneNum06463699169
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 62
ReturnHeader/Filer/USAddress/CityNm0PARSIPPANY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007054
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0201116330
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Michael S Libock & Co LLC CPAs
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0349 Kinderkamack Road
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Westwood
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007675
ReturnHeader/PreparerPersonGrp/PhoneNum02012631333
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0John F Jilleba CPA
ReturnHeader/ReturnTs02023-11-14T07:59:27-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0PULKIT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0DESAI
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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