Civic Intelligence

Lake Reality Homeowners Association Inc

990EZ • Fiscal year 2020 • EIN 22-2020616

Jan 01, 2020 to Dec 31, 2020 • Filed on Feb 13, 2021

C/O Robert Phillips 350 Passaic AveFairfield, NJ 07004

(973) 575-5060

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2020

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2020

Net Margin

74th percentile

15%

Higher net margin than 74% of similar nonprofits.

2020 filings • 501(c)7 • <$500k nonprofits • Source year 2020

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.

2020 filings • 501(c)7 • <$500k nonprofits • Source year 2020

Asset Growth

57th percentile

4.1%

Faster asset growth than 57% of similar nonprofits.

2020 filings • 501(c)7 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

51st percentile

-14%

Faster revenue growth than 51% of similar nonprofits.

2020 filings • 501(c)7 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Flat

$239,044

Flat from 2020

Net Assets

$239,044

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Flat

$61,143

Flat from 2020

Expenses

Flat

$51,675

Flat from 2020

Net Income

Flat

$9,468

Flat from 2020

Historical Trend

Balance Sheet Trend

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: $239,044Net Assets 2020: $239,0442020Assets 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

2020

Assets$239,044
Liabilities-
Net Assets$239,044

Operations Trend

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 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

2020

Revenue$61,143
Expenses$51,675
Net Income$9,468
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Feb 13, 2021
Return Version
2020v4.0
Gross Receipts
$61,454
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

DescriptionGrantsExpenses
Collect member dues,pay clubs expenses, maintain lake & beach, organize activites and events for the benefit of its Members.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
CLIFFORD GIANTONIOPresident-$0--
RICHARD NICKVice President-$0--
ROBERT T PHILLIPSTreasurer-$0--
TONY DIRUBBATrustee-$0--
CARLA GEARTrustee-$0--
AARON WEBERTrustee-$0--
TUG HINDELONGTrustee-$0--
LISA RATZTrustee-$0--
DAN VARNERTrustee-$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
2021-02-13
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 $620

Other Expenses.1012

Insurance $7851

Other Expenses.1

misc repairs and maintenance $11290

Other Expenses.2

dam & engineering costs $5409

Other Expenses.3

water & sewer $494

Other Expenses.4

licences & registration $400

Other Expenses.5

computer & internet $255

Other Expenses.6

NJ annual report $31

Other Expenses.7

uniforms $27

Other Assets.1

PREPAID INSURANCE - Beginning $598 PREPAID INSURANCE - Ending $0

Raw XML Appendix153 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
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IRS990EZ/BooksInCareOfDetail/PersonNm0TREASURER
IRS990EZ/BooksInCareOfDetail/PhoneNum09735755060
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0350 PASSAIC AVE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0FAIRFIELD
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NJ
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd007004
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0228978
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0239044
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt09468
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0229576
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0239044
IRS990EZ/FundraisingGrossIncomeAmt0982
IRS990EZ/GrossReceiptsAmt061454
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt01822
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt058650
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0229576
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0239044
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0229576
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0239044
IRS990EZ/OccupancyRentUtltsAndMaintAmt011726
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0CLIFFORD GIANTONIO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1RICHARD NICK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2ROBERT T PHILLIPS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3TONY DIRUBBA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4CARLA GEAR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5AARON WEBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6TUG HINDELONG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7LISA RATZ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8DAN VARNER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Trustee
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Trustee
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Trustee
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Trustee
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7Trustee
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8Trustee
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0598
IRS990EZ/OtherExpensesTotalAmt026377
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Lake 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/DescriptionProgramSrvcAccomTxt0Collect member dues,pay clubs expenses, maintain lake & beach, organize activites and events for the benefit of its Members.
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt013572
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt0311
IRS990EZ/SpecialEventsNetIncomeLossAmt0671
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt051675
IRS990EZ/TotalRevenueAmt061143
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0LAKEREALITY.ORG
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Office Expenses $620
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Insurance $7851
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2misc repairs and maintenance $11290
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3dam & engineering costs $5409
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4water & sewer $494
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5licences & registration $400
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6computer & internet $255
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7NJ annual report $31
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8uniforms $27
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9PREPAID INSURANCE - Beginning $598 PREPAID INSURANCE - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1012
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Expenses.6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Expenses.7
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Assets.1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CLIFFORD GIANTONIO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-02-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAKE REALITY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0HOMEOWNERS ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0LAKE
ReturnHeader/Filer/EIN0222020616
ReturnHeader/Filer/PhoneNum09735755060
ReturnHeader/Filer/USAddress/AddressLine1Txt0C/O ROBERT PHILLIPS 350 PASSAIC AVE
ReturnHeader/Filer/USAddress/CityNm0FAIRFIELD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007004
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0271690479
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Robert T Phillips CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0350 Passaic Ave
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Fairfield
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007004
ReturnHeader/PreparerPersonGrp/PhoneNum09735755060
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Robert T Phillips
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-02-13T11:27:39-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CLIFFORD
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GIANTONIO
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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
2020Detailed filing. Detailed filing data is available for this year.$2.39$2.39$0.61$0.52$0.09
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
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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