Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on this filing.
Lake Reality Homeowners Association Inc
990EZ • Fiscal year 2019 • EIN 22-2020616
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
No value available
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
87th percentile
Higher net margin than 87% 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
67th percentile
Faster asset growth than 67% of similar nonprofits.
Revenue Growth
40th percentile
Faster revenue growth than 40% of similar nonprofits.
Balance Sheet
Assets
Up$229,576
Up $16,912 (+8.0%) from 2018
Net Assets
Up$229,576
Up $16,983 (+8.0%) from 2018
Liabilities
-
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
Down$70,802
Down $2,298 (-3.1%) from 2018
Expenses
Down$53,819
Down $2,969 (-5.2%) from 2018
Net Income
Up$16,983
Up $671 (+4.1%) from 2018
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2019 to Dec 31, 2019
- Signed
- Feb 25, 2020
- Return Version
- 2019v5.0
- Gross Receipts
- $71,430
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
- 2020-02-25
- 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 $745”
Other Expenses.1012
“Insurance $7554”
Other Expenses.1
“dam costs $6147”
Other Expenses.2
“misc repairs and maintenance $4197”
Other Expenses.3
“lake weed and water maint. $3481”
Other Expenses.4
“septic $2297”
Other Expenses.5
“landscaping & snow removal $2165”
Other Expenses.6
“Tree work $1546”
Other Expenses.7
“supplies & maintenance $936”
Other Expenses.8
“computer & internet $255”
Other Expenses.9
“NJ annual report $26”
Other Expenses.10
“bank fees $25”
Other Assets.1
“PREPAID INSURANCE - Beginning $0 PREPAID INSURANCE - Ending $598”
Total Liabilities.1
“- Beginning $0 - Ending $0”
Raw XML Appendix152 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 | 212664 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 228978 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 0 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 16983 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 212664 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 229576 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 2671 |
| IRS990EZ/GrossReceiptsAmt | 0 | 71430 |
| IRS990EZ/GrossReceiptsForPublicUseAmt | 0 | 0 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InitiationFeesAndCapContriAmt | 0 | 0 |
| IRS990EZ/InvestmentIncomeAmt | 0 | 4759 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MembershipDuesAmt | 0 | 64000 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 212593 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 229576 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 212593 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 229576 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 11891 |
| 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/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 598 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 29374 |
| 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 | 12554 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 628 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | 2043 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 71 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 53819 |
| IRS990EZ/TotalRevenueAmt | 0 | 70802 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | LAKEREALITY.ORG |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Office Expenses $745 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Insurance $7554 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | dam costs $6147 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | misc repairs and maintenance $4197 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | lake weed and water maint. $3481 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | septic $2297 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | landscaping & snow removal $2165 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | Tree work $1546 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | supplies & maintenance $936 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | computer & internet $255 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | NJ annual report $26 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 11 | bank fees $25 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 12 | PREPAID INSURANCE - Beginning $0 PREPAID INSURANCE - Ending $598 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 13 | - Beginning $0 - 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 | Other Assets.1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 13 | Total Liabilities.1 |
| ReturnHeader/BuildTS | 0 | 2021-01-29 14:40:06Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | CLIFFORD GIANTONIO |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2020-02-25 |
| 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 | 2020-02-25T13:05:26-08:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2019-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2019-12-31 |
| ReturnHeader/TaxYr | 0 | 2019 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $229,576
- Liabilities
- -
- Net assets
- $229,576
- Revenue
- $70,802
- Expenses
- $53,819
- Net income
- $16,983