Civic Intelligence

Walnut Lake Estates Inc

990 • Fiscal year 2023 • EIN 38-6091605

Oct 01, 2022 to Sep 30, 2023 • Filed on Feb 13, 2024

5380 Putnam DrWest Bloomfield, MI 48323

(248) 321-3446

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

27th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2023

Net Margin

17th percentile

-12%

Higher net margin than 17% of similar nonprofits.

2023 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

61st percentile

$0

Higher top officer pay than 61% of similar nonprofits.

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

2023 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Assets

$2,393,911

No earlier filing loaded for comparison.

Net Assets

$2,393,911

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$85,960

No earlier filing loaded for comparison.

Expenses

$96,271

No earlier filing loaded for comparison.

Net Income

-$10,311

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2023: $2,393,911Liabilities 2023: $0Net Assets 2023: $2,393,9112023Assets 2024: $2,417,450Liabilities 2024: $0Net Assets 2024: $2,417,4502024

Highlighted filing

2023

Assets$2,393,911
Liabilities$0
Net Assets$2,393,911

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100K$50K$0-$50KRevenue 2023: $85,960Expenses 2023: $96,271Net Income 2023: -$10,3112023Revenue 2024: $95,475Expenses 2024: $71,937Net Income 2024: $23,5382024

Highlighted filing

2023

Revenue$85,960
Expenses$96,271
Net Income-$10,311
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Feb 13, 2024
Return Version
2022v5.0
Gross Receipts
$85,960
Mission and Program Overview

Mission

To maintain the organizations property and grounds for the benefit of the community.

To maintain organization property and grounds for residents of the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$2,404,222$2,393,911▼ $10,311
Land, Buildings, and Equipment, Net$2,377,000$2,377,000→ $0
Cash and Non-Interest-Bearing Accounts$27,222$16,911▼ $10,311
Total Assets$2,404,222$2,393,911▼ $10,311
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,404,222$2,393,911▼ $10,311
Total Net Assets Fund Balance$2,404,222$2,393,911▼ $10,311
Total Liabilities and Net Assets / Fund Balance$2,404,222$2,393,911▼ $10,311

Asset Categories

AssetBook ValueDepreciationBasis
Land$2,250,000-$2,250,000
Buildings$120,000-$120,000
Equipment$7,000-$7,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Katie ParkerPresident
Geoff ShauleVice President
Evan PeacockSecretary
Steve LondonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$85,959
Program Service Revenue
$0
Investment Income
$1
Other Revenue
$0
Change in Net Assets
$-10,311
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$96,271
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 Management$28,000--$28,000
Occupancy$21,309--$21,309
Other Expenses$3,495--$3,495
Insurance$3,010--$3,010
All Other Expenses$995--$995
Total Functional Expenses$96,271$0$0$96,271
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Filing and Contact Details

Filer

Filer Name
Walnut Lake Estates Inc
EIN
38-6091605
Address
5380 PUTNAM DR, WEST BLOOMFIELD, MI 48323

Signing Officer

Name
Steve London
Title
Treasurer
Phone
2483213446
Signed
2024-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve London
Formed
1948
Legal Domicile
Mi
Voting Board Members
4
Independent Board Members
0
Employees
0

Preparer

Firm
Michael P Delleree CPA
Address
4299 CORNWELL LANE, WHITMORE LAKE, MI 48189
Preparer
Michael Delleree
Phone
2482249163
Supplemental Narrative

Additional Explanations

Form 990 Page 6 Line 19

Policies and financial information are available by written request to the treasurer at 5380 putnam dr, west bloomfield, mi 48323

Raw XML Appendix264 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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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 PAGE 6 LINE 19
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/ReturnTs02024-04-01T21:49:09-04:00
ReturnHeader/ReturnTypeCd0990
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ReturnHeader/TaxPeriodBeginDt02022-10-01
ReturnHeader/TaxPeriodEndDt02023-09-30
ReturnHeader/TaxYr02022

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