Liabilities / Assets
43rd percentile
Higher debt load relative to assets than 43% of similar nonprofits.
Lake Forest Prop Owners Assoc Lake Forest Maring
990 • Fiscal year 2017 • EIN 63-0787921
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.17x
Liabilities / Revenue
35th percentile
Higher debt load relative to revenue than 35% of similar nonprofits.
Net Margin
75th percentile
Higher net margin than 75% of similar nonprofits.
Top Officer Pay
72nd percentile
Higher top officer pay than 72% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
91st percentile
Faster asset growth than 91% of similar nonprofits.
Revenue Growth
66th percentile
Faster revenue growth than 66% of similar nonprofits.
Balance Sheet
Assets
Up$3,496,946
Up $538,558 (+18%) from 2016
Net Assets
Up$2,886,138
Up $517,356 (+22%) from 2016
Liabilities
Up$610,808
Up $21,202 (+3.6%) from 2016
Revenue And Expenses
Revenue
Up$3,526,031
Up $195,716 (+5.9%) from 2016
Expenses
Up$3,008,675
Up $647 (+0.0%) from 2016
Net Income
Up$517,356
Up $195,069 (+61%) from 2016
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2017 to Dec 31, 2017
- Signed
- Nov 15, 2018
- Return Version
- 2017v2.3
- Gross Receipts
- $3,526,031
Mission and Program Overview
Mission
The association's primary purpose is to devote itself to the improvement and civic betterment of the lake forest development in baldwin county, alabama
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $1,827,007 | $2,040,163 | ▲ $213,156 |
| Cash and Non-Interest-Bearing Accounts | $519,741 | $777,009 | ▲ $257,268 |
| Accounts Receivable | $538,250 | $569,893 | ▲ $31,643 |
| Inventories for Sale or Use | $41,174 | $38,965 | ▼ $2,209 |
| Prepaid Expenses and Deferred Charges | $32,216 | $37,916 | ▲ $5,700 |
| Total Assets | $2,958,388 | $3,496,946 | ▲ $538,558 |
| Other Assets Total | - | $33,000 | - |
| Liabilities | |||
| Deferred Revenue | $375,419 | $361,266 | ▼ $14,153 |
| Accounts Payable and Accrued Expenses | $174,818 | $124,281 | ▼ $50,537 |
| Other Liabilities | $39,369 | $110,267 | ▲ $70,898 |
| Unsecured Notes Loans Payable | - | $14,994 | - |
| Total Liabilities | $589,606 | $610,808 | ▲ $21,202 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $2,368,782 | $2,886,138 | ▲ $517,356 |
| Total Net Assets Fund Balance | $2,368,782 | $2,886,138 | ▲ $517,356 |
| Total Liabilities and Net Assets / Fund Balance | $2,958,388 | $3,496,946 | ▲ $538,558 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Land Buildings | $1,256,889 | $3,531,997 | $4,788,886 |
| Land | $783,274 | - | $783,274 |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Victoria Phelps | President |
| Ed Kirby | Member |
| Mike Morgan | Member |
| John Lake | Secretary |
| Steven Sasser | Sergeant at |
| Mary Ann Hampton | Treasurer |
| David Dueitt | Vice Preside |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $3,523,825
- Investment Income
- $2,206
- Other Revenue
- $0
- Change in Net Assets
- $517,356
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $1,998,188 |
| Salaries, Compensation, and Employee Benefits | $1,010,487 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Comp Disqual Persons | $797,849 | - | - | $797,849 |
| All Other Expenses | $273,145 | $111,926 | - | $385,071 |
| Fees for Services Other | $66,614 | $252,000 | - | $318,614 |
| Other Employee Benefits | $210,105 | - | - | $210,105 |
| Depreciation Depletion | $163,330 | - | - | $163,330 |
| Other Expenses | $164,415 | $156,624 | - | $156,624 |
| Insurance | - | $104,889 | - | $104,889 |
| Office Expenses | - | $64,804 | - | $64,804 |
| Fees for Services Legal | - | $40,171 | - | $40,171 |
| Advertising | $23,633 | - | - | $23,633 |
| Fees for Services Accounting | - | $9,027 | - | $9,027 |
| Conferences and Meetings | $6,032 | - | - | $6,032 |
| Other Salaries and Wages | $2,533 | - | - | $2,533 |
| Interest | $1,955 | - | - | $1,955 |
| Total Functional Expenses | $2,269,234 | $739,441 | $0 | $3,008,675 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Subject to proxy tax
- No
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Leases Payable | $87,555 |
| Ad Valorem Tax Payable | $11,467 |
| Builders Damage Deposits | $11,245 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- Yes
- Audit committee
- 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
- Yes
- Management duties delegated
- No
Governance Explanations
Form 990, Page 6, Part VI, Line 6
“The association consists of two classes of members. The first class is full voting members. They may vote for the election of directors and upon all matters which require a vote of the membership. The second class is associate members. They may vote for the election of directors and upon all other matters concerning the country club and golf course which require a vote of the membership, but no other matters.”
Form 990, Page 6, Part VI, Line 7A
“The association consists of two classes of members. The first class is full voting members. They may vote for the election of directors and upon all matters which require a vote of the membership. The second class is associate members. They may vote for the election of directors and upon all other matters concerning the country club and golf course which require a vote of the membership, but no other matters.”
Form 990, Page 6, Part VI, Line 7B
“The association consists of two classes of members. The first class is full voting members. They may vote for the election of directors and upon all matters which require a vote of the membership. The second class is associate members. They may vote for the election of directors and upon all other matters concerning the country club and golf course which require a vote of the membership, but no other matters.”
Form 990, Page 6, Part VI, Line 11B
“No review was or will be conducted.”
Form 990, Page 6, Part VI, Line 19
“The association has form 990 and 990-t on file at the association's office. The form is available for public inspection upon request.”
Filing and Contact Details
Filer
- Filer Name
- LAKE FOREST PROPERTY OWNERS'
- EIN
- 63-0787921
- Phone
- 2516260788
- Address
- 1 GOLF TERRACE, DAPHNE, AL 36526
Signing Officer
- Name
- Mary Ann Hampton
- Title
- Treasurer
- Phone
- 2516260788
- Signed
- 2018-11-15
Organization Details
- Principal Officer
- Victoria Phelps
- Formed
- 1971
- Legal Domicile
- Al
- Voting Board Members
- 7
- Independent Board Members
- 7
- Employees
- 81
Preparer
- Firm
- Robertson Andreoli & Covington Pc
- Address
- 100 HAND AVE, BAY MINETTE, AL 36507-4825
- Preparer
- Michael R Andreoli
- Phone
- 2519375561
Supplemental Narrative
Additional Explanations
Form 990, Part IX, Line 11G
“Other fees 66,614 0 0 management fees 0 252,000 0 total 66,614 252,000 0”
Form 990, Part IX, Line 24E
“Bad debts 139,000 0 0 taxes & licenses 50,184 45,968 0 miscellaneous 0 39,250 0 merchandise costs 39,024 0 0 fuel costs 34,464 0 0 telephone 0 25,806 0 uniforms and linens 10,473 0 0 vehicle expenses 0 902 0 total 273,145 111,926 0”
Raw XML Appendix362 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/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 377404 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 3 | 245837 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 4 | 57639 |
| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 245837 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYInvestmentIncomeAmt | 0 | 416 |
| IRS990/PYOtherExpensesAmt | 0 | 1881557 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 3329899 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 322287 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 1126471 |
| IRS990/PYTotalExpensesAmt | 0 | 3008028 |
| IRS990/PYTotalRevenueAmt | 0 | 3330315 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 517356 |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RevenueAmt | 0 | 3277988 |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 783274 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 783274 |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 1256889 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 3531997 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 4788886 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 87555 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 11467 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 11245 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | LEASES PAYABLE |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | AD VALOREM TAX PAYABLE |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 2 | BUILDERS DAMAGE DEPOSITS |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 2040163 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 110267 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | false |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE ASSOCIATION CONSISTS OF TWO CLASSES OF MEMBERS. THE FIRST CLASS IS FULL VOTING MEMBERS. THEY MAY VOTE FOR THE ELECTION OF DIRECTORS AND UPON ALL MATTERS WHICH REQUIRE A VOTE OF THE MEMBERSHIP. THE SECOND CLASS IS ASSOCIATE MEMBERS. THEY MAY VOTE FOR THE ELECTION OF DIRECTORS AND UPON ALL OTHER MATTERS CONCERNING THE COUNTRY CLUB AND GOLF COURSE WHICH REQUIRE A VOTE OF THE MEMBERSHIP, BUT NO OTHER MATTERS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE ASSOCIATION CONSISTS OF TWO CLASSES OF MEMBERS. THE FIRST CLASS IS FULL VOTING MEMBERS. THEY MAY VOTE FOR THE ELECTION OF DIRECTORS AND UPON ALL MATTERS WHICH REQUIRE A VOTE OF THE MEMBERSHIP. THE SECOND CLASS IS ASSOCIATE MEMBERS. THEY MAY VOTE FOR THE ELECTION OF DIRECTORS AND UPON ALL OTHER MATTERS CONCERNING THE COUNTRY CLUB AND GOLF COURSE WHICH REQUIRE A VOTE OF THE MEMBERSHIP, BUT NO OTHER MATTERS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE ASSOCIATION CONSISTS OF TWO CLASSES OF MEMBERS. THE FIRST CLASS IS FULL VOTING MEMBERS. THEY MAY VOTE FOR THE ELECTION OF DIRECTORS AND UPON ALL MATTERS WHICH REQUIRE A VOTE OF THE MEMBERSHIP. THE SECOND CLASS IS ASSOCIATE MEMBERS. THEY MAY VOTE FOR THE ELECTION OF DIRECTORS AND UPON ALL OTHER MATTERS CONCERNING THE COUNTRY CLUB AND GOLF COURSE WHICH REQUIRE A VOTE OF THE MEMBERSHIP, BUT NO OTHER MATTERS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | NO REVIEW WAS OR WILL BE CONDUCTED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE ASSOCIATION HAS FORM 990 AND 990-T ON FILE AT THE ASSOCIATION'S OFFICE. THE FORM IS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | OTHER FEES 66,614 0 0 MANAGEMENT FEES 0 252,000 0 TOTAL 66,614 252,000 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | BAD DEBTS 139,000 0 0 TAXES & LICENSES 50,184 45,968 0 MISCELLANEOUS 0 39,250 0 MERCHANDISE COSTS 39,024 0 0 FUEL COSTS 34,464 0 0 TELEPHONE 0 25,806 0 UNIFORMS AND LINENS 10,473 0 0 VEHICLE EXPENSES 0 902 0 TOTAL 273,145 111,926 0 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PAGE 6, PART VI, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 7B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART IX, LINE 11G |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART IX, LINE 24E |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TempOrPermanentEndowmentsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 2958388 |
| IRS990/TotalAssetsEOYAmt | 0 | 3496946 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 2958388 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 3496946 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalEmployeeCnt | 0 | 81 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 739441 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 2269234 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 3008675 |
| IRS990/TotalGrossUBIAmt | 0 | 245837 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 589606 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 610808 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 589606 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 610808 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 2368782 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 2886138 |
| IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt | 0 | 37709 |
| IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt | 0 | 37709 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 2269234 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 3523825 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 2206 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 3277988 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 3526031 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 245837 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 2958388 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 3496946 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | true |
| IRS990/UnrestrictedNetAssetsGrp/BOYAmt | 0 | 2368782 |
| IRS990/UnrestrictedNetAssetsGrp/EOYAmt | 0 | 2886138 |
| IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt | 0 | 14994 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 7 |
| IRS990/VotingMembersIndependentCnt | 0 | 7 |
| IRS990/WebsiteAddressTxt | 0 | N/A |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2019-02-21 02:37:17Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | MARY ANN HAMPTON |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TREASURER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 2516260788 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2018-11-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | LAKE FOREST PROPERTY OWNERS' |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | ASSOCIATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LAKE |
| ReturnHeader/Filer/EIN | 0 | 630787921 |
| ReturnHeader/Filer/PhoneNum | 0 | 2516260788 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1 GOLF TERRACE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | DAPHNE |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | AL |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 36526 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | 2F6735063C66BAC4A0E07CEBC7C53FEB964342A9 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | 5EC2CBFEFDC42BE700D179844D28A66EEF5A4406 |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 63.142.58.219 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2018-11-15 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | CS |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 14:38:29 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 631238802 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | ROBERTSON ANDREOLI & COVINGTON PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 100 HAND AVE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | BAY MINETTE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | AL |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 365074825 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2519375561 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2018-11-15 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | MICHAEL R ANDREOLI |
| ReturnHeader/ReturnTs | 0 | 2018-11-15T14:38:29-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2017-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2017-12-31 |
| ReturnHeader/TaxYr | 0 | 2017 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2017 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $3,496,946
- Liabilities
- $610,808
- Net assets
- $2,886,138
- Revenue
- $3,526,031
- Expenses
- $3,008,675
- Net income
- $517,356