Civic Intelligence

Lakes Senior Housing Inc

EIN 34-1343665 • 501(c)3 • Akron, OH

Profile

Low-income housing for elderly and handicapped persons

730 West Market StreetAkron, OH 44303

n/A

Siviq Scores

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

Liabilities / Assets

97th percentile

2.02x

Higher debt load relative to assets than 97% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

95th percentile

2.23x

Higher debt load relative to revenue than 95% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

63rd percentile

12%

Higher net margin than 63% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

59th percentile

6.9%

Faster asset growth than 59% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

56th percentile

11%

Faster revenue growth than 56% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets97th percentile

Assets

Up

$808,003

Up $52,184 (+6.9%) from 2023

Liabilities

Down

$1,631,494

Down $34,509 (-2.1%) from 2023

Net Assets

Up

-$823,491

Up $86,693 (+9.5%) from 2023

Operations
Liabilities / Revenue95th percentileNet Margin63rd percentile

Revenue

Up

$732,995

Up $72,605 (+11%) from 2023

Expenses

Up

$646,302

Up $2,956 (+0.5%) from 2023

Net Income

Up

$86,693

Up $69,649 (+409%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth59th percentile

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MAssets 2010: $1,610,695Liabilities 2010: $2,297,649Net Assets 2010: -$686,9542010Assets 2011: $1,571,373Liabilities 2011: $2,253,327Net Assets 2011: -$681,9542011Assets 2012: $1,546,355Liabilities 2012: $2,267,701Net Assets 2012: -$721,3462012Assets 2013: $1,352,483Liabilities 2013: $2,232,135Net Assets 2013: -$879,6522013Assets 2014: $1,238,534Liabilities 2014: $2,174,706Net Assets 2014: -$936,1722014Assets 2015: $1,124,763Liabilities 2015: $2,153,119Net Assets 2015: -$1,028,3562015Assets 2016: $1,129,990Liabilities 2016: $2,111,710Net Assets 2016: -$981,7202016Assets 2017: $1,053,704Liabilities 2017: $2,049,710Net Assets 2017: -$996,0062017Assets 2018: $1,014,619Liabilities 2018: $2,029,678Net Assets 2018: -$1,015,0592018Assets 2019: $966,155Liabilities 2019: $1,934,453Net Assets 2019: -$968,2982019Assets 2020: $994,514Liabilities 2020: $1,927,066Net Assets 2020: -$932,5522020Assets 2021: $867,671Liabilities 2021: $1,833,685Net Assets 2021: -$966,0142021Assets 2022: $858,663Liabilities 2022: $1,785,891Net Assets 2022: -$927,2282022Assets 2023: $755,819Liabilities 2023: $1,666,003Net Assets 2023: -$910,1842023Assets 2024: $808,003Liabilities 2024: $1,631,494Net Assets 2024: -$823,4912024

Highlighted filing

2024

Assets$808,003
Liabilities$1,631,494
Net Assets-$823,491
Open 2024 Filing

Operations Trend

Revenue Growth56th percentile

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

$1.0M$500K$0-$500KExpenses 2010: $534,5022010Expenses 2011: $565,8052011Expenses 2012: $624,7532012Expenses 2013: $750,1142013Revenue 2014: $598,210Expenses 2014: $654,730Net Income 2014: -$56,5202014Revenue 2015: $603,956Expenses 2015: $696,140Net Income 2015: -$92,1842015Revenue 2016: $612,578Expenses 2016: $565,942Net Income 2016: $46,6362016Revenue 2017: $627,124Expenses 2017: $641,410Net Income 2017: -$14,2862017Revenue 2018: $639,689Expenses 2018: $658,742Net Income 2018: -$19,0532018Revenue 2019: $646,113Expenses 2019: $599,352Net Income 2019: $46,7612019Revenue 2020: $653,731Expenses 2020: $617,985Net Income 2020: $35,7462020Revenue 2021: $692,897Expenses 2021: $726,359Net Income 2021: -$33,4622021Revenue 2022: $687,007Expenses 2022: $648,221Net Income 2022: $38,7862022Revenue 2023: $660,390Expenses 2023: $643,346Net Income 2023: $17,0442023Revenue 2024: $732,995Expenses 2024: $646,302Net Income 2024: $86,6932024

Highlighted filing

2024

Revenue$732,995
Expenses$646,302
Net Income$86,693
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$808,003
Liabilities
$1,631,494
Net assets
-$823,491
Revenue
$732,995
Expenses
$646,302
Net income
$86,693
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.81$1.63$0.82$0.73$0.65$0.09
2023Detailed filing. Detailed filing data is available for this year.$0.76$1.67$0.91$0.66$0.64$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.86$1.79$0.93$0.69$0.65$0.04
2021Detailed filing. Detailed filing data is available for this year.$0.87$1.83$0.97$0.69$0.73$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.99$1.93$0.93$0.65$0.62$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.97$1.93$0.97$0.65$0.60$0.05
2018Detailed filing. Detailed filing data is available for this year.$1.01$2.03$1.02$0.64$0.66$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.05$2.05$1.00$0.63$0.64$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.13$2.11$0.98$0.61$0.57$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.12$2.15$1.03$0.60$0.70$0.09
2014Detailed filing. Detailed filing data is available for this year.$1.24$2.17$0.94$0.60$0.65$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.35$2.23$0.88$0.75
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.55$2.27$0.72$0.62
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.57$2.25$0.68$0.57
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.61$2.30$0.69$0.53
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 13, 2025
Return Version
2023v6.0
Gross Receipts
$732,995
Mission and Program Overview

Mission

Low income housing for the elderly and disabled persons

Own and operate low-income housing for elderly and handicapped persons

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$314,583$294,197▼ $20,386
Savings and Temporary Cash Investments$66,041$68,096▲ $2,055
Prepaid Expenses and Deferred Charges$25,309$32,451▲ $7,142
Cash and Non-Interest-Bearing Accounts$100$100→ $0
Accounts Receivable$1,804$11▼ $1,793
Total Assets$755,819$808,003▲ $52,184
Other Assets Total$347,982$413,148▲ $65,166
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,611,925$1,549,312▼ $62,613
Accounts Payable and Accrued Expenses$35,065$61,877▲ $26,812
Other Liabilities$18,654$19,407▲ $753
Deferred Revenue$359$898▲ $539
Total Liabilities$1,666,003$1,631,494▼ $34,509
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-910,184$-823,491▲ $86,693
Total Net Assets Fund Balance$-910,184$-823,491▲ $86,693
Total Liabilities and Net Assets / Fund Balance$755,819$808,003▲ $52,184

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$179,441$2,042,448$2,221,889
Equipment$22,664$178,223$200,887
Land$92,092-$92,092
Other Land Buildings$0$48,738$48,738
Other Assets Org$40,457--
Compensation and Service Providers
Top Officer Pay55th percentile

Board Members and Trustees

NameTitle
James DavisPresident
Thurman Cole IiiVice President
Alfred GrzeschikTrustee
Charles SeeleyTrustee
John P SchermesserTrustee
Timothy PetersonTrustee
Vicki KepnesTrustee
Susan J FassolesSecretary
Thomas E BurgeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$731,663
Investment Income
$271
Other Revenue
$1,061
Change in Net Assets
$86,693

Audited Revenue Reconciliation

Revenue per Audited Statements
$732,995
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$732,995
Total Revenue per Form 990
$732,995
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$646,302
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$226,775$18,558-$245,333
Occupancy$202,096--$202,096
Office Expenses$28,198$1,155-$29,353
Fees for Services Management$24,840--$24,840
Fees for Services Accounting-$21,590-$21,590
Depreciation Depletion$20,386--$20,386
All Other Expenses$19,053--$19,053
Insurance$7,509--$7,509
Advertising$4,080--$4,080
Fees for Services Legal-$996-$996
Other Expenses$318--$318
Total Functional Expenses$604,003$42,299$0$646,302

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$646,302
Total Expenses per Audited Statements$646,302
Total Expenses per Form 990$646,302
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$19,407
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Summit management manages the day to day operations of the affordable housing project, which makes up 100% of the nonprofit's assets and activities. Summit management provides the accounting services for the operations of the affordable housing project owned by lakes senior housing. Lakes senior housing has no direct employees and no employees of summit management are members of the board of lakes senior housing. Summit management does prepare the operating budget for the project, however, approval of that budget and any other major decisions on policies and governance of lake senior housing remain with the independent board of directors.”

Form 990, Part VI, Section A, Line 8B

“Entity has other committees with authority to act on behalf of the board.”

Form 990, Part VI, Section B, Line 11B

“The 990 is reviewed with the president of the board prior to filing.”

Form 990, Part VI, Section C, Line 19

“AVAILABLE UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Lakes Senior Housing Inc
EIN
34-1343665
Phone
3307624011
Address
730 WEST MARKET STREET, AKRON, OH 44303

Signing Officer

Name
James Davis
Title
President
Phone
3307624011
Signed
2025-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Davis
Formed
1979
Legal Domicile
Oh
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

Preparer

Firm
Eide Bailly Llp
Address
931 N PLUM GROVE RD, SCHAUMBURG, IL 60173-4853
Preparer
Heather L Birkett CPA
Phone
8475174300
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other fees - office services: program service expenses 0. Management and general expenses 15,756. Fundraising expenses 0. Total expenses 15,756. Other fees - manager: program service expenses 49,300. Management and general expenses 0. Fundraising expenses 0. Total expenses 49,300. Other fees - maintenance services: program service expenses 126,070. Management and general expenses 0. Fundraising expenses 0. Total expenses 126,070. Other fees - snow removal: program service expenses 5,023. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,023. Other fees - all other contracted services: program service expenses 46,382. Management and general expenses 2,802. Fundraising expenses 0. Total expenses 49,184.”

Financial Statement Notes

PART X, LINE 2:

“The organization qualifies for tax exempt status under irs code section 501(c)(3). Accordingly, no provision is necessary for federal, state, and local income taxes. The organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes that the organization has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements.”

Raw XML AppendixShowing 400 of 449 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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IRS990/NetAssetsOrFundBalancesEOYAmt0-823491
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-910184
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-823491
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0202096
IRS990/OccupancyGrp/TotalAmt0202096
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01155
IRS990/OfficeExpensesGrp/ProgramServicesAmt028198
IRS990/OfficeExpensesGrp/TotalAmt029353
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0347982
IRS990/OtherAssetsTotalGrp/EOYAmt0413148
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MAINTENANCE
IRS990/OtherExpensesGrp/Desc1SOCIAL SERVICES
IRS990/OtherExpensesGrp/Desc2BAD DEBT
IRS990/OtherExpensesGrp/ProgramServicesAmt059323
IRS990/OtherExpensesGrp/ProgramServicesAmt111425
IRS990/OtherExpensesGrp/ProgramServicesAmt2318
IRS990/OtherExpensesGrp/TotalAmt059323
IRS990/OtherExpensesGrp/TotalAmt111425
IRS990/OtherExpensesGrp/TotalAmt2318
IRS990/OtherLiabilitiesGrp/BOYAmt018654
IRS990/OtherLiabilitiesGrp/EOYAmt019407
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt01061
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01061
IRS990/OtherRevenueTotalAmt01061
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt025309
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt032451
IRS990/PrincipalOfficerNm0JAMES DAVIS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1LAUNDRY AND VENDING
IRS990/ProgramServiceRevenueGrp/Desc2TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0727633
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12588
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21442
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0727633
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12588
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21442
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0162
IRS990/PYOtherExpensesAmt0643346
IRS990/PYOtherRevenueAmt01336
IRS990/PYProgramServiceRevenueAmt0658892
IRS990/PYRevenuesLessExpensesAmt017044
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0643346
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0660390
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt086693
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0731663
IRS990/SavingsAndTempCashInvstGrp/BOYAmt066041
IRS990/SavingsAndTempCashInvstGrp/EOYAmt068096
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS REVENUE - 2021 AMOUNT: $ 3,017. 2022 AMOUNT: $ 1,336. 2023 AMOUNT: $ 1,061.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0271
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0162
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt096
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0126
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0202
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0857
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0731663
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0658892
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0683894
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0692771
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0653529
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03420749
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0271
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0162
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt096
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0126
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0202
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0857
IRS990ScheduleA/InvestmentIncomeCYPct00.00030
IRS990ScheduleA/InvestmentIncomePYPct00.00020
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01061
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01336
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt03017
IRS990ScheduleA/OtherIncome509Grp/TotalAmt05414
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99820
IRS990ScheduleA/PublicSupportPY509Pct00.99530
IRS990ScheduleA/PublicSupportTotal509Amt03420749
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0731663
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0658892
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0683894
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0692771
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0653529
IRS990ScheduleA/Total509Grp/TotalAmt03420749
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0732995
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0660390
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0687007
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0692897
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0653731
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03427020
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0179441
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02042448
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02221889
IRS990ScheduleD/EquipmentGrp/BookValueAmt022664
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0178223
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0200887
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0646302
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt092092
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt092092
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt027970
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1344721
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt240457
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0MORTGAGE ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESIDUAL RECEIPTS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt048738
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt048738
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt019407
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0732995
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION QUALIFIES FOR TAX EXEMPT STATUS UNDER IRS CODE SECTION 501(C)(3). ACCORDINGLY, NO PROVISION IS NECESSARY FOR FEDERAL, STATE, AND LOCAL INCOME TAXES. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0294197
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0413148
IRS990ScheduleD/TotalExpensesPerForm990Amt0646302
IRS990ScheduleD/TotalLiabilityAmt019407
IRS990ScheduleD/TotalRevenuePerForm990Amt0732995
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0732995
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0646302
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SUMMIT MANAGEMENT MANAGES THE DAY TO DAY OPERATIONS OF THE AFFORDABLE HOUSING PROJECT, WHICH MAKES UP 100% OF THE NONPROFIT'S ASSETS AND ACTIVITIES. SUMMIT MANAGEMENT PROVIDES THE ACCOUNTING SERVICES FOR THE OPERATIONS OF THE AFFORDABLE HOUSING PROJECT OWNED BY LAKES SENIOR HOUSING. LAKES SENIOR HOUSING HAS NO DIRECT EMPLOYEES AND NO EMPLOYEES OF SUMMIT MANAGEMENT ARE MEMBERS OF THE BOARD OF LAKES SENIOR HOUSING. SUMMIT MANAGEMENT DOES PREPARE THE OPERATING BUDGET FOR THE PROJECT, HOWEVER, APPROVAL OF THAT BUDGET AND ANY OTHER MAJOR DECISIONS ON POLICIES AND GOVERNANCE OF LAKE SENIOR HOUSING REMAIN WITH THE INDEPENDENT BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ENTITY HAS OTHER COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 990 IS REVIEWED WITH THE PRESIDENT OF THE BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OTHER FEES - OFFICE SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 15,756. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,756. OTHER FEES - MANAGER: PROGRAM SERVICE EXPENSES 49,300. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 49,300. OTHER FEES - MAINTENANCE SERVICES: PROGRAM SERVICE EXPENSES 126,070. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 126,070. OTHER FEES - SNOW REMOVAL: PROGRAM SERVICE EXPENSES 5,023. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,023. OTHER FEES - ALL OTHER CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 46,382. MANAGEMENT AND GENERAL EXPENSES 2,802. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 49,184.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0OH
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0755819
IRS990/TotalAssetsEOYAmt0808003
IRS990/TotalAssetsGrp/BOYAmt0755819
IRS990/TotalAssetsGrp/EOYAmt0808003
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt042299
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0604003
IRS990/TotalFunctionalExpensesGrp/TotalAmt0646302
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01666003
IRS990/TotalLiabilitiesEOYAmt01631494
IRS990/TotalLiabilitiesGrp/BOYAmt01666003
IRS990/TotalLiabilitiesGrp/EOYAmt01631494
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-910184
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-823491
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0604003
IRS990/TotalProgramServiceRevenueAmt0731663
IRS990/TotalReportableCompFromOrgAmt00

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