Liabilities / Assets
62nd percentile
Higher debt load relative to assets than 62% of similar nonprofits.
Lake Reality Homeowners Association Inc
990EZ • Fiscal year 2017 • EIN 22-2020616
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.01x
Liabilities / Revenue
68th percentile
Higher debt load relative to revenue than 68% of similar nonprofits.
Net Margin
78th percentile
Higher net margin than 78% of similar nonprofits.
Top Officer Pay
93rd percentile
Higher top officer pay than 93% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
60th percentile
Faster asset growth than 60% of similar nonprofits.
Revenue Growth
49th percentile
Faster revenue growth than 49% of similar nonprofits.
Balance Sheet
Assets
Up$198,341
Up $10,578 (+5.6%) from 2016
Net Assets
Up$196,281
Up $10,578 (+5.7%) from 2016
Liabilities
Flat$2,060
Flat from 2016
Revenue And Expenses
Revenue
Up$68,337
Up $514 (+0.8%) from 2016
Expenses
Down$57,759
Down $11,745 (-17%) from 2016
Net Income
Up$10,578
Up $12,259 (+729%) from 2016
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2017 to Dec 31, 2017
- Signed
- Mar 18, 2018
- Return Version
- 2017v2.2
- Gross Receipts
- $70,486
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 private, Members Only lake owned and operated by the LAKE REALITY HOMEOWNERS ASSOCIATION.The Association collects dues,pays expenses, maintains the lake and provides social events for the benefit of its Members. Membership is available to Kinnelon, NJ residents who do not reside in the Lake Reality neighborhood. Associate membership is available on a limited basis and total lake membership consists of approximately 100 member families per year. Enjoy a full range of summer lake activities: protected swimming daily during the summer season, swimming lessons, family picnics, holiday parties, fishing and boating, winter ice skating and ice fishing.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| Collects member dues,pays clubs expenses, maintains lake & beach, organizes activites and events for the benefit of its Members. | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| CLIFFORD GIANTONIO | President | - | $0 | - | - |
| RICHARD NICK | Vice President | - | $0 | - | - |
| ROBERT T PHILLIPS | Treasurer | - | $0 | - | - |
| TONY DIRUBBA | Trustee | - | $0 | - | - |
| CARLA GEAR | Trustee | - | $0 | - | - |
| TUG HINDELONG | Trustee | - | $0 | - | - |
| LISA RATZ | Trustee | - | $0 | - | - |
| DAN VARNER | Trustee | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Lake Reality
- EIN
- 22-2020616
- Phone
- 9735755060
- Address
- C/O ROBERT PHILLIPS 350 PASSAIC AVE, FAIRFIELD, NJ 07004
Signing Officer
- Name
- Clifford Giantonio
- Title
- President
- Signed
- 2018-03-18
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Robert T Phillips CPA
- Address
- 350 Passaic Ave, Fairfield, NJ 07004
- Preparer
- Robert T Phillips
- Phone
- 9735755060
Supplemental Narrative
Additional Explanations
Other Expenses.1002
“Office Expenses $500”
Other Expenses.1003
“Information Technology $255”
Other Expenses.1
“insurance $13578”
Other Expenses.2
“dam costs $4333”
Other Expenses.3
“lake weed and water maint. $3037”
Other Expenses.4
“landscaping & snow removal $2790”
Other Expenses.5
“supplies & maintenance $1565”
Other Expenses.6
“septic $1496”
Other Expenses.7
“sand $1230”
Other Expenses.8
“utilities $723”
Other Expenses.9
“misc repairs and maintenance $597”
Other Expenses.10
“NJ annual report $50”
Other Expenses.11
“bank fees $25”
Total Liabilities.1
“ACCOUNTS PAYABLE AND ACCRUED EXPENSES - Beginning $2060 ACCOUNTS PAYABLE AND ACCRUED EXPENSES - Ending $2060”
Raw XML Appendix151 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/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/AddressChangeInd | 0 | X |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | TREASURER |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 9735755060 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 350 PASSAIC AVE |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | FAIRFIELD |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NJ |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 07004 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 187763 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 198341 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 0 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 10578 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 500 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form720FiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 187763 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 198341 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 2994 |
| IRS990EZ/GrossReceiptsAmt | 0 | 70486 |
| IRS990EZ/GrossReceiptsForPublicUseAmt | 0 | 0 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InitiationFeesAndCapContriAmt | 0 | 0 |
| IRS990EZ/InvestmentIncomeAmt | 0 | 872 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MembershipDuesAmt | 0 | 66620 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 185703 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 196281 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 185703 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 196281 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 11029 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 7 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 7 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | CLIFFORD GIANTONIO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | RICHARD NICK |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | ROBERT T PHILLIPS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | TONY DIRUBBA |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | CARLA GEAR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | TUG HINDELONG |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | LISA RATZ |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 7 | DAN VARNER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Vice President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Treasurer |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | Trustee |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | Trustee |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | Trustee |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | Trustee |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 7 | Trustee |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationFiled990TInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 30179 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | Lake Reality is a private, Members Only lake owned and operated by the LAKE REALITY HOMEOWNERS ASSOCIATION.The Association collects dues,pays expenses, maintains the lake and provides social events for the benefit of its Members. Membership is available to Kinnelon, NJ residents who do not reside in the Lake Reality neighborhood. Associate membership is available on a limited basis and total lake membership consists of approximately 100 member families per year. Enjoy a full range of summer lake activities: protected swimming daily during the summer season, swimming lessons, family picnics, holiday parties, fishing and boating, winter ice skating and ice fishing. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | Collects member dues,pays clubs expenses, maintains lake & beach, organizes activites and events for the benefit of its Members. |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 16051 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 2149 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | 845 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 2060 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 2060 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 57759 |
| IRS990EZ/TotalRevenueAmt | 0 | 68337 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | LAKEREALITY.ORG |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Office Expenses $500 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Information Technology $255 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | insurance $13578 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | dam costs $4333 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | lake weed and water maint. $3037 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | landscaping & snow removal $2790 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | supplies & maintenance $1565 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | septic $1496 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | sand $1230 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | utilities $723 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | misc repairs and maintenance $597 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 11 | NJ annual report $50 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 12 | bank fees $25 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 13 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES - Beginning $2060 ACCOUNTS PAYABLE AND ACCRUED EXPENSES - Ending $2060 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Other Expenses.1002 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Other Expenses.1003 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Other Expenses.1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Other Expenses.2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Other Expenses.3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Other Expenses.4 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Other Expenses.5 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Other Expenses.6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Other Expenses.7 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | Other Expenses.8 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 10 | Other Expenses.9 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 11 | Other Expenses.10 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 12 | Other Expenses.11 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 13 | Total Liabilities.1 |
| ReturnHeader/BuildTS | 0 | 2018-06-14 16:35:46Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | CLIFFORD GIANTONIO |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2018-03-18 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | LAKE REALITY |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | HOMEOWNERS ASSOCIATION INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LAKE |
| ReturnHeader/Filer/EIN | 0 | 222020616 |
| ReturnHeader/Filer/PhoneNum | 0 | 9735755060 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | C/O ROBERT PHILLIPS 350 PASSAIC AVE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | FAIRFIELD |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NJ |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 07004 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 271690479 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Robert T Phillips CPA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 350 Passaic Ave |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Fairfield |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NJ |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 07004 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 9735755060 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Robert T Phillips |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2018-03-18T14:59:42-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2017-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2017-12-31 |
| ReturnHeader/TaxYr | 0 | 2017 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $198,341
- Liabilities
- $2,060
- Net assets
- $196,281
- Revenue
- $68,337
- Expenses
- $57,759
- Net income
- $10,578