Liabilities / Assets
92nd percentile
Higher debt load relative to assets than 92% of similar nonprofits.
EIN 22-2787797 • 501(c)12 • Stockholm, NJ
Profile
Operate small water system providing safe drinking water.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
92nd percentile
Higher debt load relative to assets than 92% of similar nonprofits.
Liabilities / Revenue
99th percentile
Higher debt load relative to revenue than 99% of similar nonprofits.
Net Margin
19th percentile
Higher net margin than 19% of similar nonprofits.
Top Officer Pay
79th percentile
Higher top officer pay than 79% of similar nonprofits.
Top officer pay equals 7.8% of source-year revenue.
Asset Growth
99th percentile
Faster asset growth than 99% of similar nonprofits.
Revenue Growth
20th percentile
Faster revenue growth than 20% of similar nonprofits.
Assets
Up$715,359
Up $487,809 (+214%) from 2023
Liabilities
Up$496,322
Up $496,322 from 2023
Net Assets
Down$219,037
Down $8,513 (-3.7%) from 2023
Revenue
Down$49,832
Down $4,607 (-8.5%) from 2023
Expenses
Up$58,345
Up $13,371 (+30%) from 2023
Net Income
Down-$8,513
Down $17,978 (-190%) from 2023
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
Operate small water system providing safe drinking water.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $190,587 | $661,999 | ▲ $471,412 |
| Savings and Temporary Cash Investments | $36,813 | $53,210 | ▲ $16,397 |
| Cash and Non-Interest-Bearing Accounts | $0 | $0 | → $0 |
| Accounts Receivable | $0 | $0 | → $0 |
| Other Notes and Loans Receivable, Net | $0 | $0 | → $0 |
| Pledges and Grants Receivable | $0 | $0 | → $0 |
| Receivable From Disqualified Prsn | $0 | $0 | → $0 |
| Receivables From Officers Etc | $0 | $0 | → $0 |
| Investments Other Securities | $0 | - | - |
| Investments Program Related | $0 | - | - |
| Investments in Publicly Traded Securities | $0 | - | - |
| Intangible Assets | $0 | - | - |
| Inventories for Sale or Use | $0 | $0 | → $0 |
| Loans From Officers Directors | $0 | $0 | → $0 |
| Prepaid Expenses and Deferred Charges | $0 | $0 | → $0 |
| Total Assets | $227,550 | $715,359 | ▲ $487,809 |
| Other Assets Total | $150 | $150 | → $0 |
| Liabilities | |||
| Unsecured Notes Loans Payable | $0 | $496,322 | ▲ $496,322 |
| Accounts Payable and Accrued Expenses | $0 | $0 | → $0 |
| Grants Payable | $0 | $0 | → $0 |
| Mortgage Notes Payable Secured by Investment Property | $0 | $0 | → $0 |
| Other Liabilities | $0 | - | - |
| Deferred Revenue | $0 | $0 | → $0 |
| Escrow Account Liability | $0 | $0 | → $0 |
| Tax Exempt Bond Liabilities | $0 | $0 | → $0 |
| Total Liabilities | $0 | $496,322 | ▲ $496,322 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $227,550 | $219,037 | ▼ $8,513 |
| Net Assets With Donor Restrictions | $0 | $0 | → $0 |
| Total Net Assets Fund Balance | $227,550 | $219,037 | ▼ $8,513 |
| Total Liabilities and Net Assets / Fund Balance | $227,550 | $715,359 | ▲ $487,809 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $121,495 | $40,400 | $0 |
| Other Land Buildings | $540,504 | $0 | $0 |
| Land | $0 | - | $0 |
| Equipment | $0 | $0 | $0 |
| Leasehold Improvements | $0 | $0 | $0 |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Steve Pospiech | Trustee and Licensed Operator | PT | $3,900 | $3,900 |
| Jessica Rey | Treasurer | PT | $3,600 | $3,600 |
| Name | Title |
|---|---|
| John W Clark Jr | President |
| Frank Lacetena | Vice President |
| Adam Delellis | Trustee |
| Kevin Rey | Trustee |
| Kyle Schymura | Trustee |
| Suzanne Clark | Trustee |
| Bertha Todd | Recording Secretary |
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| DeMaio Electrical Co Inc | Construction | PO Box 5907, Hillsborough, NJ 08844 | $355,333 |
| CP Engineers | Engineering | 11 Park Lake Road, Sparta, NJ 07871 | $104,639 |
| Line Item | Amount |
|---|---|
| Other Expenses | $50,845 |
| Salaries, Compensation, and Employee Benefits | $7,500 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Occupancy | $18,079 | $0 | $0 | $18,079 |
| Depreciation Depletion | $8,100 | $0 | $0 | $8,100 |
| Current Officers, Directors, Trustees, and Key Employees | $3,900 | $3,600 | $0 | $7,500 |
| Other Expenses | $7,129 | $0 | $0 | $7,129 |
| Insurance | $0 | $6,095 | $0 | $6,095 |
| Office Expenses | $0 | $2,523 | $0 | $2,523 |
| Fees for Services Accounting | $0 | $100 | $0 | $100 |
| Total Functional Expenses | $46,027 | $12,318 | $0 | $58,345 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Loans from Officers, Directors, Trustees, and Key Employees | $0 | $0 | → $0 |
| Receivables from Disqualified Persons | $0 | $0 | → $0 |
| Receivables from Officers, Directors, Trustees, and Key Employees | $0 | $0 | → $0 |
“Two married couples, all residents of Lake Stockholm, serve on the board.”
“All owners of properties with water supplied by Lake Stockholm Systems, Inc. are considered members.”
“All owners of property with water supplied by Lake Stockholm Systems, Inc. are considered members and can vote in board elections.”
“Board members have access to 990 EZ and 990 tax returns as filed.”
“Any and all compensation is reviewed and approved by the board of trustees and must be within the organization's budget as approved by the members.”
“All members receive a copy of the by-laws, the annual results of operations and annual budget.”
“Consists of Construction in Progress.”
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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| IRS990/ActivityOrMissionDesc | 0 | Operate small water system providing safe drinking water. |
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| IRS990/BooksInCareOfDetail/PersonNm | 0 | Treasurer Jessica Rey |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 9732088860 |
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| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 07460 |
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| IRS990/ContractorCompensationGrp/CompensationAmt | 1 | 355333 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 0 | 11 Park Lake Road |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 1 | PO Box 5907 |
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| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 1 | 08844 |
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| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 1 | DeMaio Electrical Co Inc |
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| IRS990/ContractorCompensationGrp/ServicesDesc | 1 | Construction |
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| IRS990/CYRevenuesLessExpensesAmt | 0 | -8513 |
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| IRS990/CYTotalRevenueAmt | 0 | 49832 |
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| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 8100 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 8100 |
| IRS990/Desc | 0 | Provided safe drinking water to 99 families living at Lake Stockholm NJ |
| IRS990/DescribedInSection501c3Ind | 0 | 0 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
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| IRS990/DonorAdvisedFundInd | 0 | 0 |
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| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 1 |
| IRS990/EmployeeCnt | 0 | 0 |
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| IRS990/EscrowAccountLiabilityGrp/EOYAmt | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 46027 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 1 |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | Trustee |
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| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 219037 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | 0 |
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| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 219037 |
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| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 18079 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 18079 |
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| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 2523 |
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| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 2523 |
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| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 150 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 150 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
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| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | Water sample testing |
| IRS990/OtherExpensesGrp/Desc | 1 | State taxes on water systems |
| IRS990/OtherExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 1 | 0 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 0 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 8819 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 7129 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 8819 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 7129 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990/OtherRevenueTotalAmt | 0 | 0 |
| IRS990/OtherSalariesAndWagesGrp/FundraisingAmt | 0 | 0 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 0 |
| IRS990/OtherSourcesGrossIncomeAmt | 0 | 666 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 0 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 0 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/FundraisingAmt | 0 | 0 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 0 |
| IRS990/PensionPlanContributionsGrp/FundraisingAmt | 0 | 0 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 0 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 0 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | John W Clark Jr |
| IRS990/PriorPeriodAdjustmentsAmt | 0 | 0 |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 221300 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | Provided safe drinking water to 99 families living at Lake Stockholm, NJ |
| IRS990/ProgramServiceRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 49166 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 49166 |
| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | Not applicable |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 0 |
| IRS990/ProgSrvcAccomActy2Grp/GrantAmt | 0 | 0 |
| IRS990/ProgSrvcAccomActy2Grp/RevenueAmt | 0 | 0 |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | Not Applicable |
| IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt | 0 | 0 |
| IRS990/ProgSrvcAccomActy3Grp/GrantAmt | 0 | 0 |
| IRS990/ProgSrvcAccomActy3Grp/RevenueAmt | 0 | 0 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 255 |
| IRS990/PYOtherExpensesAmt | 0 | 38974 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 54184 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 9465 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 6000 |
| IRS990/PYTotalExpensesAmt | 0 | 44974 |
| IRS990/PYTotalRevenueAmt | 0 | 54439 |
| IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt | 0 | 0 |
| IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt | 0 | 0 |
| IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt | 0 | 0 |
| IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -8513 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/RentalIncomeOrLossGrp/PersonalAmt | 0 | 0 |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 49166 |
| IRS990/RoyaltiesRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 0 |
| IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 36813 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 53210 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 121495 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 40400 |
| IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt | 0 | 161895 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 0 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 0 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 0 |
| IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt | 0 | 0 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 0 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 0 |
| IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt | 0 | 0 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 0 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 0 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 0 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt | 0 | 0 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 0 |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 540504 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 0 |
| IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt | 0 | 540504 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 0 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | Consists of Construction in Progress. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Schedule D, Part IV, Line 1e |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 661999 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Two married couples, all residents of Lake Stockholm, serve on the board. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | All owners of properties with water supplied by Lake Stockholm Systems, Inc. are considered members. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | All owners of property with water supplied by Lake Stockholm Systems, Inc. are considered members and can vote in board elections. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Board members have access to 990 EZ and 990 tax returns as filed. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Any and all compensation is reviewed and approved by the board of trustees and must be within the organization's budget as approved by the members. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | All members receive a copy of the by-laws, the annual results of operations and annual budget. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Section A, Line 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Section A, Line 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Section A, Line 7a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Section B, Line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990, Part VI, Section B, Line 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Form 990, Part VI, Section C, Line 19 |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | NJ |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 227550 |
| IRS990/TotalAssetsEOYAmt | 0 | 715359 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 227550 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 715359 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
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