Civic Intelligence

West Lakes Hwc Inc

EIN 86-3479633 • 501(c)3 • Orlando, FL

Profile

West lakes hwc, inc. Is a supporting organization of lift orlando for the primary purpose of the construction and operating of a health and wellness center known as the heart of west lakes wellness center.

710 South Tampa Avenue 209Orlando, FL 32805

www.heartofwestlakes.com

Siviq Scores

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

Liabilities / Assets

91st percentile

0.93x

Higher debt load relative to assets than 91% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

98th percentile

17.26x

Higher debt load relative to revenue than 98% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

4th percentile

-66%

Higher net margin than 4% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

57th percentile

$206,063

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 23.6% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

22nd percentile

-3.3%

Faster asset growth than 22% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

9th percentile

-31%

Faster revenue growth than 9% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$16,180,071

Down $550,033 (-3.3%) from 2023

Liabilities

Up

$15,057,597

Up $29,943 (+0.2%) from 2023

Net Assets

Down

$1,122,474

Down $579,976 (-34%) from 2023

Revenue

Down

$872,421

Down $401,060 (-31%) from 2023

Expenses

Up

$1,452,397

Up $559,423 (+63%) from 2023

Net Income

Down

-$579,976

Down $960,483 (-252%) from 2023

Trend Graphs

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2021: $13,652,580Liabilities 2021: $13,398,786Net Assets 2021: $253,7942021Assets 2022: $17,524,985Liabilities 2022: $16,203,769Net Assets 2022: $1,321,2162022Assets 2023: $16,730,104Liabilities 2023: $15,027,654Net Assets 2023: $1,702,4502023Assets 2024: $16,180,071Liabilities 2024: $15,057,597Net Assets 2024: $1,122,4742024

Highlighted filing

2024

Assets$16,180,071
Liabilities$15,057,597
Net Assets$1,122,474

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2021: $0Expenses 2021: $33,631Net Income 2021: -$33,6312021Revenue 2022: $1,205,966Expenses 2022: $142,927Net Income 2022: $1,063,0392022Revenue 2023: $1,273,481Expenses 2023: $892,974Net Income 2023: $380,5072023Revenue 2024: $872,421Expenses 2024: $1,452,397Net Income 2024: -$579,9762024

Highlighted filing

2024

Revenue$872,421
Expenses$1,452,397
Net Income-$579,976

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 8, 2025
Return Version
2024v5.1
Gross Receipts
$872,421
Mission and Program Overview

Mission

West lakes hwc, inc. Is a supporting organization of lift orlando for the primary purpose of the construction and operating of a health and wellness center known as the heart of west lakes wellness center.

Supporting organization of lift orlando for the primary purpose of the construction and operating of a health and wellness center known as the heart of west lakes wellness center.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$14,884,764$14,325,728▼ $559,036
Cash and Non-Interest-Bearing Accounts$534,946$592,973▲ $58,027
Prepaid Expenses and Deferred Charges$7,977$7,814▼ $163
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors-$0-
Total Assets$16,730,104$16,180,071▼ $550,033
Other Assets Total$1,302,417$1,253,556▼ $48,861
Liabilities
Mortgage Notes Payable Secured by Investment Property$12,671,635$12,696,027▲ $24,392
Other Liabilities$1,011,005$1,170,885▲ $159,880
Deferred Revenue$1,177,432$1,016,959▼ $160,473
Accounts Payable and Accrued Expenses$167,582$173,726▲ $6,144
Total Liabilities$15,027,654$15,057,597▲ $29,943
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,702,450$1,122,474▼ $579,976
Total Net Assets Fund Balance$1,702,450$1,122,474▼ $579,976
Total Liabilities and Net Assets / Fund Balance$16,730,104$16,180,071▼ $550,033

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$12,580,725$903,212$13,483,937
Land$1,144,251-$1,144,251
Other Land Buildings$600,752$242,056$842,808
Other Assets Org$980--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Edward MoratinPresident
David L Brewer IiiBoard Member
Paul C Perkins JrBoard Member
Bob MilesBoard Member, Treasurer
Mark ShamleyVP/board Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Rc Stevens Construction CoConstruction Services28 SOUTH MAIN STREET, Winter Garden, FL 34787$181,442
Revenue and Support

Revenue Composition

Contributions and Grants
$304,547
Program Service Revenue
$567,516
Investment Income
$0
Other Revenue
$358
Change in Net Assets
$-579,976

Audited Revenue Reconciliation

Revenue per Audited Statements
$872,421
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$271
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$872,692
Total Revenue per Form 990
$872,421
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,452,397
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
Depreciation Depletion$822,511--$822,511
Occupancy$295,468--$295,468
Interest$194,745--$194,745
Fees for Services Accounting$33,795--$33,795
Fees for Services Other$32,674$0$0$32,674
Fees for Services Management$24,000--$24,000
Information Technology$2,504--$2,504
Fees for Services Legal$1,537--$1,537
Other Expenses$121--$121
Total Functional Expenses$1,452,397$0$0$1,452,397

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,452,668
Expenses per Audited Statements$1,452,397
Total Expenses per Form 990$1,452,397
Expenses Not Reported on Form 990$271
Expenses Not Reported on Financial Statements$0
Other Expense Adjustments$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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$0-
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal Income Taxes$817,630
Operating Lease Liability$312,336
Due to Related Party$40,919
Tenant Security Deposits-
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B Review of form 990 by governing body

The staff works with the tax preparation team at bdo to prepare the 990. The form is then reviewed and approved by the finance committee. Upon approval of the finance committee, the draft is emailed to the board for review and to provide an opportunity for feedback prior to filing.

Form 990, Part VI, Line 12C Conflict of interest policy

Board members are required to complete an annual statement acknowledging understanding of the policy and disclose any potential conflicts.

Form 990, Part VI, Line 18 How forms are made available to the public

The form 990 is available on the guidestar, charity navigator and central florida foundation websites.

Form 990, Part VI, Line 19 Required documents available to the public

The articles of incorporation, conflict of interest policy, and financial statements are available upon request.

Form 990, Part VIII, Line 2F Other Program Service Revenue

- Total Revenue: , Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;

Filing and Contact Details

Filer

Filer Name
West Lakes Hwc Inc
EIN
86-3479633
Phone
4074805053
Address
710 SOUTH TAMPA AVENUE 209, ORLANDO, FL 32805

Signing Officer

Name
Edward Moratin
Title
President
Signed
2025-10-08
Discuss with paid preparer
Yes

Organization Details

Formed
2021
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
3
Employees
0
Volunteers
9

Preparer

Firm
Bdo USA
Address
450 S ORANGE AVE STE 550, ORLANDO, FL 32801-3308
Preparer
Jake Cook
Phone
4078416930
Supplemental Narrative

Financial Statement Notes

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

The organization is exempt from federal income taxes under section 501(c)(3) of the irc and from state income taxes under similar provisions in the florida income tax code. The organization identifies and evaluates uncertain tax positions, if any, and recognizes the impact of uncertain tax positions for which there is a less than more-likely-than-not probability of the position being upheld when reviewed by the relevant taxing authority. Such positions are deemed to be unrecognized tax benefits and a corresponding liability is established on the statements of financial position. The organization has not recognized a liability for uncertain tax positions. If there were an unrecognized tax benefit, the organization would recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses. The organization's tax years currently subject to examination by the internal revenue service generally remain open for three years from the date of filing.

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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0LIFT ORLANDO INC
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RIGHT-OF-USE ASSET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEFERRED LEASE COST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2STRAIGHT LINE RENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3ORGANIZATIONAL COSTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4DEPOSIT ON GROUND LEASE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5RENT RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc6TENANT IMPROVEMENT RECEIVABLE
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal Income Taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OPERATING LEASE LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO RELATED PARTY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3TENANT SECURITY DEPOSITS
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE IRC AND FROM STATE INCOME TAXES UNDER SIMILAR PROVISIONS IN THE FLORIDA INCOME TAX CODE. THE ORGANIZATION IDENTIFIES AND EVALUATES UNCERTAIN TAX POSITIONS, IF ANY, AND RECOGNIZES THE IMPACT OF UNCERTAIN TAX POSITIONS FOR WHICH THERE IS A LESS THAN MORE-LIKELY-THAN-NOT PROBABILITY OF THE POSITION BEING UPHELD WHEN REVIEWED BY THE RELEVANT TAXING AUTHORITY. SUCH POSITIONS ARE DEEMED TO BE UNRECOGNIZED TAX BENEFITS AND A CORRESPONDING LIABILITY IS ESTABLISHED ON THE STATEMENTS OF FINANCIAL POSITION. THE ORGANIZATION HAS NOT RECOGNIZED A LIABILITY FOR UNCERTAIN TAX POSITIONS. IF THERE WERE AN UNRECOGNIZED TAX BENEFIT, THE ORGANIZATION WOULD RECOGNIZE INTEREST ACCRUED RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. THE ORGANIZATION'S TAX YEARS CURRENTLY SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE GENERALLY REMAIN OPEN FOR THREE YEARS FROM THE DATE OF FILING.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0EDWARD MORATIN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1MARK SHAMLEY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1VP/BOARD MEMBER
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE COMPENSATION WAS REVIEWED AND APPROVED BY THE BOARD OF A RELATED ORGANIZATION, LIFT ORLANDO INC. IN ORDER TO DETERMINE A FAIR AMOUNT, THE FOLLOWING METHODS WERE USED TO ESTABLISH COMPENSATION: - COMPENSATION COMMITTEE - WRITTEN EMPLOYMENT CONTRACT - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE STAFF WORKS WITH THE TAX PREPARATION TEAM AT BDO TO PREPARE THE 990. THE FORM IS THEN REVIEWED AND APPROVED BY THE FINANCE COMMITTEE. UPON APPROVAL OF THE FINANCE COMMITTEE, THE DRAFT IS EMAILED TO THE BOARD FOR REVIEW AND TO PROVIDE AN OPPORTUNITY FOR FEEDBACK PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE REQUIRED TO COMPLETE AN ANNUAL STATEMENT ACKNOWLEDGING UNDERSTANDING OF THE POLICY AND DISCLOSE ANY POTENTIAL CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS AVAILABLE ON THE GUIDESTAR, CHARITY NAVIGATOR AND CENTRAL FLORIDA FOUNDATION WEBSITES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ARTICLES OF INCORPORATION, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4- Total Revenue: , Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b Review of form 990 by governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c Conflict of interest policy
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 18 How forms are made available to the public
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19 Required documents available to the public

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