Lake Waubeeka Assoc Inc
- Assets
- $3.1m
- Revenue
- $904.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Danbury, CT
- Founding
- 11/1962
- Data as of
- 05/2022
- EIN
- 06-0801235
Organization Overview
Lake Waubeeka Assoc Inc is located in Danbury, CT. The organization was established in 1962. According to its NTEE Classification (C03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Environment and related organizations. As of 05/2022, Lake Waubeeka Assoc Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Waubeeka Assoc Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 05/2022, Lake Waubeeka Assoc Inc generated $904.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $823.4k during the year ending 05/2022. While expenses have increased by 1.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVISION OF WATER, UTILITY, RECREATION AND SECURITY SERVICES TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
WATER UTILITY SERVICES, RECREATION AREAS, COMMON AREA MAINTENANCE AND SECURITY FOR HOMEOWNERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Monnie Newman President | OfficerTrustee | 10 | $0 |
Phyllis Ruffer Vice President | OfficerTrustee | 5 | $0 |
Katie Betts Corresponding Secretary | OfficerTrustee | 2 | $0 |
Patricia King Recording Secretary | OfficerTrustee | 2 | $0 |
Leonard Stein Treasurer | OfficerTrustee | 12 | $0 |
Debra Burger Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $902,719 |
| Investment income | $1,463 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $904,182 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $157,315 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,175 |
| Payroll taxes | $12,098 |
| Fees for services: Management | $15,622 |
| Fees for services: Legal | $4,044 |
| Fees for services: Accounting | $7,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,586 |
| Advertising and promotion | $0 |
| Office expenses | $7,808 |
| Information technology | $2,856 |
| Royalties | $0 |
| Occupancy | $95,840 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $39,021 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $145,525 |
| Insurance | $56,805 |
| All other expenses | $0 |
| Total functional expenses | $823,426 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,603 |
| Savings and temporary cash investments | $509,067 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,941 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $22,113 |
| Net Land, buildings, and equipment | $2,361,835 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,056,559 |
| Accounts payable and accrued expenses | $29,470 |
| Grants payable | $0 |
| Deferred revenue | $24,395 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $844,954 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $898,819 |
| Net assets without donor restrictions | $2,157,740 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,056,559 |
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|---|---|---|
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