Lake Erie Landlord Association Incorporated
- Assets
- $128.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lorain, OH
- Founding
- 10/1990
- Data as of
- 12/2022
- EIN
- 34-1607125
Organization Overview
Lake Erie Landlord Association Incorporated is located in Lorain, OH. The organization was established in 1990. According to its NTEE Classification (C03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Erie Landlord Association Incorporated is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Lake Erie Landlord Association Incorporated generated $85.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $74.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.1%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
MONTHLY MEETINGS ARE HELD ON THE FIRST TUESDAY OF THE MONTH. EACH MEETINGS PROVIDES A DIFFERENT FORUM TO EDUCATE LANDLORDS. MONTHLY NEWSLETTERS ARE ALSO MAILED OUT TO EACH MEMBER. THE OFFICE IS OPEN DAILY TO PROVIDE DAY-TO-DAY LANDLORD SERVICES SUCH AS CREDIT CHECKS AND RENTAL SIGNS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ghada Halasa Director | 0.25 | $0 | |
Travis Helms President | 0.5 | $0 | |
Kent Sutton Director | 0.25 | $0 | |
Ron Wilinski Director | 0.25 | $0 | |
Brian Barnes Director | 0.25 | $0 | |
William Barney Vice President | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $27,361 |
| Membership dues | $58,735 |
| Investment income | $86 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$1,108 |
| Other Revenue | $0 |
| Total Revenue | $85,074 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $34,169 |
| Professional fees and other payments to independent contractors | $8,584 |
| Occupancy, rent, utilities, and maintenance | $17,223 |
| Printing, publications, postage, and shipping | $2,039 |
| Other expenses | $12,854 |
| Total expenses | $74,869 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $123,269 |
| Other assets | $0 |
| Total assets | $128,823 |
| Total liabilities | $1,532 |
| Net assets or fund balances | $127,291 |