Liabilities / Assets
54th percentile
Higher debt load relative to assets than 54% of similar nonprofits.
Lake Reality Homeowners Association Inc
990EZ • Fiscal year 2018 • EIN 22-2020616
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
55th percentile
Higher debt load relative to revenue than 55% of similar nonprofits.
Net Margin
86th percentile
Higher net margin than 86% 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
65th percentile
Faster asset growth than 65% of similar nonprofits.
Revenue Growth
65th percentile
Faster revenue growth than 65% of similar nonprofits.
Balance Sheet
Assets
Up$212,664
Up $14,323 (+7.2%) from 2017
Net Assets
Up$212,593
Up $16,312 (+8.3%) from 2017
Liabilities
Down$71
Down $1,989 (-97%) from 2017
Revenue And Expenses
Revenue
Up$73,100
Up $4,763 (+7.0%) from 2017
Expenses
Down$56,788
Down $971 (-1.7%) from 2017
Net Income
Up$16,312
Up $5,734 (+54%) from 2017
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2018 to Dec 31, 2018
- Signed
- Feb 11, 2019
- Return Version
- 2018v3.1
- Gross Receipts
- $74,928
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
- 2019-02-11
- 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 $423”
Other Expenses.1012
“Insurance $12732”
Other Expenses.1
“misc repairs and maintenance $6634”
Other Expenses.2
“lake weed and water maint. $3191”
Other Expenses.3
“dam costs $3100”
Other Expenses.4
“landscaping & snow removal $2388”
Other Expenses.5
“supplies & maintenance $1556”
Other Expenses.6
“septic $1493”
Other Expenses.7
“utilities $435”
Other Expenses.8
“licences & registration $400”
Other Expenses.9
“computer & internet $255”
Other Expenses.10
“NJ annual report $51”
Total Liabilities.1
“ACCOUNTS PAYABLE AND ACCRUED EXPENSES - Beginning $2060 ACCOUNTS PAYABLE AND ACCRUED EXPENSES - Ending $0”
Raw XML Appendix147 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/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 | 198341 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 212664 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 0 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 16312 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form720FiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 198341 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 212664 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 4734 |
| IRS990EZ/GrossReceiptsAmt | 0 | 74928 |
| IRS990EZ/GrossReceiptsForPublicUseAmt | 0 | 0 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InitiationFeesAndCapContriAmt | 0 | 0 |
| IRS990EZ/InvestmentIncomeAmt | 0 | 1764 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MembershipDuesAmt | 0 | 68430 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 196281 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 212593 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 196281 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 212593 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 11221 |
| 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 | 32658 |
| 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 | 12909 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 1828 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | 2906 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 2060 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 71 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 56788 |
| IRS990EZ/TotalRevenueAmt | 0 | 73100 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | LAKEREALITY.ORG |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Office Expenses $423 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Insurance $12732 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | misc repairs and maintenance $6634 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | lake weed and water maint. $3191 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | dam costs $3100 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | landscaping & snow removal $2388 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | supplies & maintenance $1556 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | septic $1493 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | utilities $435 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | licences & registration $400 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | computer & internet $255 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 11 | NJ annual report $51 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 12 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES - Beginning $2060 ACCOUNTS PAYABLE AND ACCRUED EXPENSES - Ending $0 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Other Expenses.1002 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Other Expenses.1012 |
| 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 | Total Liabilities.1 |
| ReturnHeader/BuildTS | 0 | 2019-02-21 02:37:17Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | CLIFFORD GIANTONIO |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2019-02-11 |
| 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 | 2019-02-11T14:52:59-08:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2018-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2018-12-31 |
| ReturnHeader/TaxYr | 0 | 2018 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $212,664
- Liabilities
- $71
- Net assets
- $212,593
- Revenue
- $73,100
- Expenses
- $56,788
- Net income
- $16,312