Lake Lynnwood Homeowners Assn
- Assets
- $194.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lynn Center, IL
- Founding
- 08/1976
- Data as of
- 12/2022
- EIN
- 36-2881465
Organization Overview
Lake Lynnwood Homeowners Assn is located in Lynn Center, IL. The organization was established in 1976. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Lynnwood Homeowners Assn is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Lake Lynnwood Homeowners Assn generated $20.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $23.0k during the year ending 12/2022. 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
LAKE AND WELL MAINTENANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Jackson President | 0 | $0 | |
Bob Moon Vice President | 0 | $0 | |
Cathy Kearns Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $19,950 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $19,950 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $4,890 |
| Occupancy, rent, utilities, and maintenance | $1,552 |
| Printing, publications, postage, and shipping | $257 |
| Other expenses | $16,292 |
| Total expenses | $22,991 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $6,818 |
| Other assets | $0 |
| Total assets | $194,113 |
| Total liabilities | $0 |
| Net assets or fund balances | $194,113 |