Civic Intelligence

Woodridge Lake Property Owners

EIN 23-7366229 • 501(c)7 • Goshen, CT

Profile

Recreational activities for members. Maintenance of facilities.

PO Box 11Goshen, CT 06756

www.woodridgelake.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

54th percentile

0.17x

Higher debt load relative to assets than 54% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

59th percentile

0.41x

Higher debt load relative to revenue than 59% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2024

Net Margin

25th percentile

-2.6%

Higher net margin than 25% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

96th percentile

$148,292

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 7.2% of source-year revenue.

501(c)7 • $1M-$5M nonprofits • Source year 2024

Asset Growth

34th percentile

-0.7%

Faster asset growth than 34% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

27th percentile

-1.5%

Faster revenue growth than 27% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$4,898,457

Down $32,433 (-0.7%) from 2023

Liabilities

Up

$849,260

Up $20,138 (+2.4%) from 2023

Net Assets

Down

$4,049,197

Down $52,571 (-1.3%) from 2023

Revenue

Down

$2,052,789

Down $31,064 (-1.5%) from 2023

Expenses

Up

$2,105,360

Up $124,666 (+6.3%) from 2023

Net Income

Down

-$52,571

Down $155,730 (-151%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2013: $3,721,784Liabilities 2013: $270,471Net Assets 2013: $3,451,3132013Assets 2014: $3,998,883Liabilities 2014: $555,696Net Assets 2014: $3,443,1872014Assets 2015: $3,886,373Liabilities 2015: $430,342Net Assets 2015: $3,456,0312015Assets 2016: $3,913,161Liabilities 2016: $444,443Net Assets 2016: $3,468,7182016Assets 2017: $4,015,447Liabilities 2017: $551,303Net Assets 2017: $3,464,1442017Assets 2018: $4,197,273Liabilities 2018: $602,572Net Assets 2018: $3,594,7012018Assets 2019: $4,304,423Liabilities 2019: $737,677Net Assets 2019: $3,566,7462019Assets 2020: $4,543,353Liabilities 2020: $839,735Net Assets 2020: $3,703,6182020Assets 2021: $4,741,298Liabilities 2021: $1,131,684Net Assets 2021: $3,609,6142021Assets 2022: $4,964,494Liabilities 2022: $965,885Net Assets 2022: $3,998,6092022Assets 2023: $4,930,890Liabilities 2023: $829,122Net Assets 2023: $4,101,7682023Assets 2024: $4,898,457Liabilities 2024: $849,260Net Assets 2024: $4,049,1972024

Highlighted filing

2024

Assets$4,898,457
Liabilities$849,260
Net Assets$4,049,197

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2013: $1,076,119Expenses 2013: $1,150,815Net Income 2013: -$74,6962013Revenue 2014: $1,169,327Expenses 2014: $1,177,453Net Income 2014: -$8,1262014Revenue 2015: $1,215,728Expenses 2015: $1,202,884Net Income 2015: $12,8442015Revenue 2016: $1,548,311Expenses 2016: $1,535,624Net Income 2016: $12,6872016Revenue 2017: $1,423,508Expenses 2017: $1,428,082Net Income 2017: -$4,5742017Revenue 2018: $1,527,028Expenses 2018: $1,396,471Net Income 2018: $130,5572018Revenue 2019: $1,558,382Expenses 2019: $1,457,197Net Income 2019: $101,1852019Revenue 2020: $1,680,129Expenses 2020: $1,547,998Net Income 2020: $132,1312020Revenue 2021: $1,466,454Expenses 2021: $1,560,458Net Income 2021: -$94,0042021Revenue 2022: $2,081,419Expenses 2022: $1,692,424Net Income 2022: $388,9952022Revenue 2023: $2,083,853Expenses 2023: $1,980,694Net Income 2023: $103,1592023Revenue 2024: $2,052,789Expenses 2024: $2,105,360Net Income 2024: -$52,5712024

Highlighted filing

2024

Revenue$2,052,789
Expenses$2,105,360
Net Income-$52,571

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 4, 2025
Return Version
2024v5.0
Gross Receipts
$2,061,639
Mission and Program Overview

Mission

Recreational activities for members. Maintenance of facilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pd in Cap Srpls Land Bldg Eqp Fund$3,023,880$2,882,999▼ $140,881
Land, Buildings, and Equipment, Net$3,023,880$2,882,998▼ $140,882
Savings and Temporary Cash Investments$1,111,983$1,796,806▲ $684,823
Rtn Earn Endowment Incm Other Fnds$1,042,888$1,131,198▲ $88,310
Prepaid Expenses and Deferred Charges$6,982$125,141▲ $118,159
Cash and Non-Interest-Bearing Accounts$784,841$83,908▼ $700,933
Cap Stk Tr Prin Current Funds$35,000$35,000→ $0
Accounts Receivable$416$9,604▲ $9,188
Total Assets$4,930,890$4,898,457▼ $32,433
Other Assets Total$2,788--
Liabilities
Deferred Revenue$684,326$723,311▲ $38,985
Accounts Payable and Accrued Expenses$126,796$122,949▼ $3,847
Other Liabilities$18,000$3,000▼ $15,000
Total Liabilities$829,122$849,260▲ $20,138
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,101,768$4,049,197▼ $52,571
Total Liabilities and Net Assets / Fund Balance$4,930,890$4,898,457▼ $32,433

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,323,565$1,340,166$2,663,731
Buildings$1,199,729$1,287,204$2,486,933
Equipment$113,116$374,325$487,441
Land$246,588-$246,588
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Edward DutkaGen ManagerFT$143,973$4,319$148,292

Board Members and Trustees

NameTitle
Michael EdisonPresident
Steven HurwitzSecretary
Lance LeifertTreasurer
Henry MooreVice Preside
Stuart GrodinVice Preside

Highest Paid Contractors

ContractorServicesLocationCompensation
Waters Edge Land & MarineConstruction15 NORTH STREET, 15 NORTH STREET, Morris, CT 06763$116,476
Summit Masonry And Building RestConstruction178 FRONT AVE, 178 FRONT AVE, West Haven, CT 06516$101,226
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,588,450
Investment Income
$91,548
Other Revenue
$372,791
Change in Net Assets
$-52,571

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,061,639
Revenue Not Reported on Financial Statements
$-8,850
Other Revenue Adjustments
$-8,850
Total Revenue per Audited Statements
$2,061,639
Total Revenue per Form 990
$2,052,789
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,217,764
Salaries, Compensation, and Employee Benefits$887,596
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$642,813
Depreciation Depletion---$220,091
Insurance---$185,583
Current Officers, Directors, Trustees, and Key Employees---$143,973
Occupancy---$130,783
Payroll Taxes---$63,234
Office Expenses---$49,695
Other Employee Benefits---$32,894
Other Expenses---$24,400
Conferences and Meetings---$16,027
Fees for Services Legal---$11,624
Fees for Services Accounting---$10,750
Pension Plan Contributions---$4,682
Total Functional Expenses$0$0$0$2,105,360

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,114,210
Expenses per Audited Statements$2,105,360
Total Expenses per Form 990$2,105,360
Expenses Not Reported on Form 990$8,850
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Taxes Payable$883
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The organization has 785 current members.

Form 990, Page 6, Part VI, Line 7A

The organization's members elect the governing body.

Form 990, Page 6, Part VI, Line 7B

The annual budget must be passed by the members of the organization.

Form 990, Page 6, Part VI, Line 11B

The president of the organization reviews the 990 tax filing prior to submission.

Form 990, Page 6, Part VI, Line 12C

The governing board performs a review annually.

Form 990, Page 6, Part VI, Line 15A

The governing body reviews the job performance and compensation level of the general manager.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Woodridge Lake Property Owners
EIN
23-7366229
Phone
8604913424
Address
PO BOX 11, GOSHEN, CT 06756

Signing Officer

Name
Michael Edison
Title
President
Phone
8604913424
Signed
2025-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Edison
Formed
1969
Legal Domicile
Ct
Voting Board Members
5
Independent Board Members
5
Employees
73
Volunteers
75

Preparer

Firm
Carney Roy and Gerrol Pc
Address
35 COLD SPRING ROAD SUITE 111, ROCKY HILL, CT 06067-3161
Preparer
Joseph T Rodgers
Phone
8607215786
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Committee members who assist staff in organization of activites.

Form 990, Part XI, Line 9

Clubhouse rental expenses 8,850 clubhouse rental expenses -8,850

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 4B

Clubhouse rental expenses -8,850

Schedule D, Page 4, Part XII, Line 2D

Clubhouse rental expenses 8,850

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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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IRS990ScheduleD/EquipmentGrp/BookValueAmt0113116
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0374325
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IRS990ScheduleD/FederalIncomeTaxLiabilityAmt02117
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TAXES PAYABLE
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-8850
IRS990ScheduleD/RevenueSubtotalAmt02061639
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CLUBHOUSE RENTAL EXPENSES -8,850
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CLUBHOUSE RENTAL EXPENSES 8,850
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COMMITTEE MEMBERS WHO ASSIST STAFF IN ORGANIZATION OF ACTIVITES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS 785 CURRENT MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S MEMBERS ELECT THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ANNUAL BUDGET MUST BE PASSED BY THE MEMBERS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PRESIDENT OF THE ORGANIZATION REVIEWS THE 990 TAX FILING PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE GOVERNING BOARD PERFORMS A REVIEW ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE GOVERNING BODY REVIEWS THE JOB PERFORMANCE AND COMPENSATION LEVEL OF THE GENERAL MANAGER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8CLUBHOUSE RENTAL EXPENSES 8,850 CLUBHOUSE RENTAL EXPENSES -8,850
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04049197
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IRS990/TotalProgramServiceRevenueAmt01588450
IRS990/TotalReportableCompFromOrgAmt0143973
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02052789
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IRS990/WebsiteAddressTxt0WWW.WOODRIDGELAKE.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL EDISON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08604913424
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WOODRIDGE LAKE PROPERTY OWNERS
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0WOOD
ReturnHeader/Filer/EIN0237366229
ReturnHeader/Filer/PhoneNum08604913424
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 11
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0061352068
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CARNEY ROY AND GERROL PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt035 COLD SPRING ROAD SUITE 111
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ROCKY HILL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0060673161
ReturnHeader/PreparerPersonGrp/PhoneNum08607215786
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOSEPH T RODGERS
ReturnHeader/ReturnTs02025-11-12T11:13:48-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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