Civic Intelligence

Lakeforest Development Foundation

EIN 85-3459552 • 501(c)3 • Buffalo Grove, IL

Buffalo Grove, IL
Siviq Scores

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

Liabilities / Assets

92nd percentile

0.92x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

99th percentile

13.33x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

100th percentile

100%

Higher net margin than 100% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

60th percentile

7.4%

Faster asset growth than 60% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

98th percentile

537%

Faster revenue growth than 98% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Up

$2,119,231

Up $146,256 (+7.4%) from 2023

Liabilities

Flat

$1,950,000

Flat from 2023

Net Assets

Up

$169,231

Up $146,256 (+637%) from 2023

Operations
Liabilities / Revenue99th percentileNet Margin100th percentile

Revenue

Up

$146,256

Up $123,281 (+537%) from 2023

Expenses

Flat

$0

Flat from 2023

Net Income

Up

$146,256

Up $123,281 (+537%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth60th percentile

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

$3.0M$2.0M$1.0M$0Assets 2022: $1Liabilities 2022: $0Net Assets 2022: $02022Assets 2023: $1,972,975Liabilities 2023: $1,950,000Net Assets 2023: $22,9752023Assets 2024: $2,119,231Liabilities 2024: $1,950,000Net Assets 2024: $169,2312024

Highlighted filing

2024

Assets$2,119,231
Liabilities$1,950,000
Net Assets$169,231
Open 2024 Filing

Operations Trend

Revenue Growth98th percentile

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

$150K$100K$50K$0Revenue 2022: $0Expenses 2022: $0Net Income 2022: $02022Revenue 2023: $22,975Expenses 2023: $0Net Income 2023: $22,9752023Revenue 2024: $146,256Expenses 2024: $0Net Income 2024: $146,2562024

Highlighted filing

2024

Revenue$146,256
Expenses$0
Net Income$146,256
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$2,119,231
Liabilities
$1,950,000
Net assets
$169,231
Revenue
$146,256
Expenses
$0
Net income
$146,256
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.12$1.95$0.17$0.15$0.00$0.15
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.97$1.95$0.02$0.02$0.00$0.02
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.00$0.00$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$146,256
Mission and Program Overview

Mission

Helping under serv community

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,972,975$2,119,231▲ $146,256
Rtn Earn Endowment Incm Other Fnds$22,975$169,231▲ $146,256
Total Assets$1,972,975$2,119,231▲ $146,256
Liabilities
Unsecured Notes Loans Payable$1,950,000$1,950,000→ $0
Total Liabilities$1,950,000$1,950,000→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$22,975$169,231▲ $146,256
Total Liabilities and Net Assets / Fund Balance$1,972,975$2,119,231▲ $146,256
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Lakshmi NeseDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$146,256
Other Revenue
$0
Change in Net Assets
$146,256
Expenses and Functional Allocation

Major Expense Lines

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

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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

Governance Explanations

Committee meeting documentation Part VI line 8B

“Each meeting is documented by meeting minutes.”

Form 990 governing body review Part VI line 11

“Tax return was presented to governing body before filing.”

Governing documents etc available to public Part VI line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Lakeforest Development Foundation
EIN
85-3459552
In Care Of
% LAKSHMI NESE
Phone
8472718170
Address
2630 CHELSEY ST, Buffalo Grove, IL 60089

Signing Officer

Name
Lakshmi Nese
Title
President
Phone
8472718170
Signed
2025-11-13
Discuss with paid preparer
No

Organization Details

Formed
2023
Legal Domicile
Il
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
1

Preparer

Firm
M Amin and Co Ltd
Address
1 W DUNDEE RD, Buffalo Grove, IL 60089
Preparer
Manojkumar Amin CPA
Phone
8477775100
Raw XML Appendix223 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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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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