Civic Intelligence

Lake Reality Homeowners Association Inc

990EZ • Fiscal year 2021 • EIN 22-2020616

Jan 01, 2021 to Dec 31, 2021 • Filed on Feb 28, 2022

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 2021

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2021

Net Margin

24th percentile

-9.3%

Higher net margin than 24% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

Top Officer Pay

93rd percentile

$0

Higher top officer pay than 93% of similar nonprofits.

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

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

Asset Growth

34th percentile

-2.5%

Faster asset growth than 34% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

49th percentile

4.6%

Faster revenue growth than 49% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$233,097

Down $5,947 (-2.5%) from 2020

Net Assets

$233,097

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$63,973

Up $2,830 (+4.6%) from 2020

Expenses

Up

$69,920

Up $18,245 (+35%) from 2020

Net Income

Down

-$5,947

Down $15,415 (-163%) 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: $239,044Liabilities 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

2021

Assets$233,097
Liabilities-
Net Assets$233,097

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 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

2021

Revenue$63,973
Expenses$69,920
Net Income-$5,947
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Feb 28, 2022
Return Version
2021v4.0
Gross Receipts
$63,973
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 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. Membership is available to Lake Reality residents and 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 110 to 125 member families per year. Members enjoy a full range of summer lake activities from Memorial Day to Labor Day :Life guard on duty for swimming in designated areas during the summer season, swimming lessons provided for members children, family picnics, holiday parties, fishing and boating.The Club closes the beach & its facilities shortly after Labor Day.On Occasion the Association may hold Fall events.

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
BEN SUPINSKIPresident-$0--
RICHARD NICKVice President-$0--
ROBERT T PHILLIPSTreasurer-$0--
MONICA TRINIDADSecretary-$0--
KAREN HOFFMANTrustee-$0--
AARON WEBERTrustee-$0--
RACINE HINDELONGTrustee-$0--
DAN VARNERTrustee-$0--
TRISH MARRATYTrustee-$0--
LOU WAIBELTrustee-$0--
KERRI WAIBELTrustee-$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
Ben Supinski
Title
President
Signed
2022-02-28
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 $837

Other Expenses.1012

Insurance $8476

Other Expenses.1

dam & engineering costs $18352

Other Expenses.2

misc repairs and maintenance $13455

Other Expenses.3

licences & registration $800

Other Expenses.4

water and elec $508

Other Expenses.5

computer & internet $255

Other Expenses.6

uniforms $45

Other Expenses.7

NJ annual report $31

Raw XML Appendix158 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.

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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0FAIRFIELD
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt80
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt100
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0BEN SUPINSKI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1RICHARD NICK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2ROBERT T PHILLIPS
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4KAREN HOFFMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5AARON WEBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6RACINE HINDELONG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7DAN VARNER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8TRISH MARRATY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm9LOU WAIBEL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm10KERRI WAIBEL
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Trustee
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Trustee
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9Trustee
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt10Trustee
IRS990EZ/OperateHospitalInd0false
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IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt042759
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IRS990EZ/PrimaryExemptPurposeTxt0Lake 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. Membership is available to Lake Reality residents and 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 110 to 125 member families per year. Members enjoy a full range of summer lake activities from Memorial Day to Labor Day :Life guard on duty for swimming in designated areas during the summer season, swimming lessons provided for members children, family picnics, holiday parties, fishing and boating.The Club closes the beach & its facilities shortly after Labor Day.On Occasion the Association may hold Fall events.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Collect member dues,pay clubs expenses, maintain lake & beach, organize activites and events for the benefit of its Members.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Office Expenses $837
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Insurance $8476
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2dam & engineering costs $18352
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3misc repairs and maintenance $13455
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4licences & registration $800
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5water and elec $508
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6computer & internet $255
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7uniforms $45
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8NJ annual report $31
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0BEN SUPINSKI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-02-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAKE REALITY
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ReturnHeader/Filer/BusinessNameControlTxt0LAKE
ReturnHeader/Filer/EIN0222020616
ReturnHeader/Filer/PhoneNum09735755060
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ReturnHeader/Filer/USAddress/CityNm0FAIRFIELD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0271690479
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Robert T Phillips CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0350 Passaic Ave
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Fairfield
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ReturnHeader/PreparerPersonGrp/PhoneNum09735755060
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Robert T Phillips
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-02-28T08:15:55-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BEN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SUPINSKI
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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
2021Detailed filing. Detailed filing data is available for this year.$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
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