Civic Intelligence

Lake Reality Homeowners Association Inc

990EZ • Fiscal year 2016 • EIN 22-2020616

Jan 01, 2016 to Dec 31, 2016 • Filed on Mar 31, 2017

Organization ProfileN/A
19 Reality DrKinnelon, NJ 07405

(973) 714-9560

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

61st percentile

0.01x

Higher debt load relative to assets than 61% of similar nonprofits.

2016 filings • 501(c)7 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

67th percentile

0.03x

Higher debt load relative to revenue than 67% of similar nonprofits.

2016 filings • 501(c)7 • <$500k nonprofits • Source year 2016

Net Margin

31st percentile

-2.5%

Higher net margin than 31% of similar nonprofits.

2016 filings • 501(c)7 • <$500k nonprofits • Source year 2016

Top Officer Pay

92nd percentile

$0

Higher top officer pay than 92% of similar nonprofits.

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

2016 filings • 501(c)7 • <$500k nonprofits • Source year 2016

Asset Growth

46th percentile

0.2%

Faster asset growth than 46% of similar nonprofits.

2016 filings • 501(c)7 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

62nd percentile

6.1%

Faster revenue growth than 62% of similar nonprofits.

2016 filings • 501(c)7 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets61st percentile

Assets

Up

$187,763

Up $379 (+0.2%) from 2015

Net Assets

$185,703

No earlier filing loaded for comparison.

Liabilities

Up

$2,060

Up $2,060 from 2015

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin31st percentile

Revenue

Up

$67,823

Up $3,870 (+6.1%) from 2015

Expenses

Up

$69,504

Up $6,089 (+9.6%) from 2015

Net Income

Down

-$1,681

Down $2,219 (-412%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth46th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2010: $127,587Liabilities 2010: $02010Assets 2011: $143,580Liabilities 2011: $0Net Assets 2011: $143,5802011Assets 2012: $152,514Liabilities 2012: $02012Assets 2013: $170,540Liabilities 2013: $02013Assets 2014: $186,846Liabilities 2014: $02014Assets 2015: $187,384Liabilities 2015: $02015Assets 2016: $187,763Liabilities 2016: $2,060Net Assets 2016: $185,7032016Assets 2017: $198,341Liabilities 2017: $2,060Net Assets 2017: $196,2812017Assets 2018: $212,664Liabilities 2018: $71Net Assets 2018: $212,5932018Assets 2019: $229,576Net Assets 2019: $229,5762019Assets 2020: $239,044Liabilities 2020: $02020Assets 2021: $233,097Net Assets 2021: $233,0972021Assets 2022: $225,876Liabilities 2022: $84Net Assets 2022: $225,7922022Assets 2023: $178,394Liabilities 2023: $84Net Assets 2023: $178,3102023Assets 2024: $176,431Liabilities 2024: $455Net Assets 2024: $175,9762024Assets 2025: $178,012Liabilities 2025: $765Net Assets 2025: $177,2472025

Highlighted filing

2016

Assets$187,763
Liabilities$2,060
Net Assets$185,703
Open 2016 Filing

Operations Trend

Revenue Growth62nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150K$100K$50K$0-$50KRevenue 2010: $67,233Expenses 2010: $45,296Net Income 2010: $21,9372010Revenue 2011: $65,697Expenses 2011: $49,704Net Income 2011: $15,9932011Revenue 2012: $64,179Expenses 2012: $55,245Net Income 2012: $8,9342012Revenue 2013: $66,454Expenses 2013: $48,428Net Income 2013: $18,0262013Revenue 2014: $66,545Expenses 2014: $50,239Net Income 2014: $16,3062014Revenue 2015: $63,953Expenses 2015: $63,415Net Income 2015: $5382015Revenue 2016: $67,823Expenses 2016: $69,504Net Income 2016: -$1,6812016Revenue 2017: $68,337Expenses 2017: $57,759Net Income 2017: $10,5782017Revenue 2018: $73,100Expenses 2018: $56,788Net Income 2018: $16,3122018Revenue 2019: $70,802Expenses 2019: $53,819Net Income 2019: $16,9832019Revenue 2020: $61,143Expenses 2020: $51,675Net Income 2020: $9,4682020Revenue 2021: $63,973Expenses 2021: $69,920Net Income 2021: -$5,9472021Revenue 2022: $86,419Expenses 2022: $93,724Net Income 2022: -$7,3052022Revenue 2023: $79,963Expenses 2023: $127,445Net Income 2023: -$47,4822023Revenue 2024: $83,805Expenses 2024: $86,139Net Income 2024: -$2,3342024Revenue 2025: $92,062Expenses 2025: $90,791Net Income 2025: $1,2712025

Highlighted filing

2016

Revenue$67,823
Expenses$69,504
Net Income-$1,681
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Mar 31, 2017
Return Version
2016v3.0
Gross Receipts
$67,823
Mission and Program Overview

Mission

Lake Reality is a Members Only private lake and beach club. Owned and operated by the LAKE REALITY HOMEOWNERS ASSOCIATION. The Association collects dues, pays expenses, maintains the property and lake and provides social events for the benefit of its Members.

Lake reality is a property owners association. They maintain a lake for the use of the owners and their families.

Program Services

DescriptionGrantsExpenses
LAKE REALITY IS A PROPERTY OWNERS ASSOCIATION. THEY MAINTAIN A LAKE FOR THE USE OF THE OWNERS AND THEIR FAMILIES.--
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
WILLIAM CANNINGPresident-$0--
RICHARD NICKVice Preside-$0--
MARIA DIMITRAKIOUTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Lake Reality
EIN
22-2020616
Phone
9737149560
Address
19 REALITY DR, KINNELON, NJ 07405

Signing Officer

Name
Maria Dimitrakiou
Title
Treasurer
Phone
9737149560
Signed
2017-03-31
Discuss with paid preparer
Yes

Preparer

Firm
Richard J Sheeler & Co Llp
Address
544 LAFAYETTE AVE, HAWTHORNE, NJ 07506-2423
Preparer
Richard J Sheeler
Phone
9733040026
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses supplies & maint. 1,311 communication 255 petty cash 500 insurance 15,596 water maintenance 2,909 licenses & registrations 400 landscaping 2,579 water & sewer 176 gas & electric 586 septic 1,231 sand 1,206 social events 1,002 miscellaneous expenses 86 dam expenses 20,457 business fees 25 total 48,319”

Form 990-ez, Part II, Line 26

“Accounts payable and accrued expenses 0 2,060”

Form 990-ez, Part III

“Lake reality is a property owners association. They maintain a lake for the use of the owners and their families.”

Raw XML Appendix104 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0OFFICERS
IRS990EZ/BooksInCareOfDetail/PhoneNum09737149560
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt023 GLENROCK DRIVE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0KINNELON
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NJ
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd007405
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0187384
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0187763
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-1681
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0500
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0187384
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0187763
IRS990EZ/FundraisingGrossIncomeAmt0147
IRS990EZ/GrossReceiptsAmt067823
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt0808
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt066868
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0187384
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0185703
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0187384
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0185703
IRS990EZ/OccupancyRentUtltsAndMaintAmt06946
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt0000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt1000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt2000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0WILLIAM CANNING
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1RICHARD NICK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2MARIA DIMITRAKIOU
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt048319
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0LAKE REALITY IS A PROPERTY OWNERS ASSOCIATION. THEY MAINTAIN A LAKE FOR THE USE OF THE OWNERS AND THEIR FAMILIES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0LAKE REALITY IS A PROPERTY OWNERS ASSOCIATION. THEY MAINTAIN A LAKE FOR THE USE OF THE OWNERS AND THEIR FAMILIES.
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt013739
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsNetIncomeLossAmt0147
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt02060
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt069504
IRS990EZ/TotalRevenueAmt067823
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES SUPPLIES & MAINT. 1,311 COMMUNICATION 255 PETTY CASH 500 INSURANCE 15,596 WATER MAINTENANCE 2,909 LICENSES & REGISTRATIONS 400 LANDSCAPING 2,579 WATER & SEWER 176 GAS & ELECTRIC 586 SEPTIC 1,231 SAND 1,206 SOCIAL EVENTS 1,002 MISCELLANEOUS EXPENSES 86 DAM EXPENSES 20,457 BUSINESS FEES 25 TOTAL 48,319
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS PAYABLE AND ACCRUED EXPENSES 0 2,060
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2LAKE REALITY IS A PROPERTY OWNERS ASSOCIATION. THEY MAINTAIN A LAKE FOR THE USE OF THE OWNERS AND THEIR FAMILIES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MARIA DIMITRAKIOU
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09737149560
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-03-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAKE REALITY
ReturnHeader/Filer/BusinessNameControlTxt0LAKE
ReturnHeader/Filer/EIN0222020616
ReturnHeader/Filer/PhoneNum09737149560
ReturnHeader/Filer/USAddress/AddressLine1Txt019 REALITY DR
ReturnHeader/Filer/USAddress/CityNm0KINNELON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007405
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId022435A268E44E8665C6842A24A0D5CEB1C5D8C48
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId022435A268E44E8665C6842A24A0D5CEB1C5D8C48
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0223484485
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RICHARD J SHEELER & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0544 LAFAYETTE AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HAWTHORNE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0075062423
ReturnHeader/PreparerPersonGrp/PhoneNum09733040026
ReturnHeader/PreparerPersonGrp/PreparationDt02017-04-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICHARD J SHEELER
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-04-14T23:49:30+00:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$187,763
Liabilities
$2,060
Net assets
$185,703
Revenue
$67,823
Expenses
$69,504
Net income
-$1,681
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.78$0.01$1.77$0.92$0.91$0.01
2024Detailed filing. Detailed filing data is available for this year.$1.76$0.00$1.76$0.84$0.86$0.02
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.78$0.00$1.78$0.80$1.27$0.47
2022Detailed filing. Detailed filing data is available for this year.$2.26$0.00$2.26$0.86$0.94$0.07
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.33$2.33$0.64$0.70$0.06
2020Summary only. Only limited summary data is available for this year.$2.39$0.00$0.61$0.52$0.09
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.30$2.30$0.71$0.54$0.17
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.13$0.00$2.13$0.73$0.57$0.16
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.98$0.02$1.96$0.68$0.58$0.11
2016Detailed filing. Detailed filing data is available for this year.$1.88$0.02$1.86$0.68$0.70$0.02
2015Summary only. Only limited summary data is available for this year.$1.87$0.00$0.64$0.63$0.01
2014Summary only. Only limited summary data is available for this year.$1.87$0.00$0.67$0.50$0.16
2013Summary only. Only limited summary data is available for this year.$1.71$0.00$0.66$0.48$0.18
2012Summary only. Only limited summary data is available for this year.$1.53$0.00$0.64$0.55$0.09
2011XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.44$0.00$1.44$0.66$0.50$0.16
2010Summary only. Only limited summary data is available for this year.$1.28$0.00$0.67$0.45$0.22
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)7 • <$500k nonprofits