Lapeer Neighborhoods Incorporated
- Assets
- $60.8k
- Revenue
- $201.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Lapeer, MI
- Founding
- 12/1992
- Data as of
- 12/2021
- EIN
- 38-3034694
Organization Overview
Lapeer Neighborhoods Incorporated is located in Lapeer, MI. The organization was established in 1992. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lapeer Neighborhoods Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Lapeer Neighborhoods Incorporated generated $201.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $261.6k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
LAPEER NEIGHBORHOODS, INCORPORATED MISSION STATEMENT IT SHALL BE THE PURPOSE OF LAPEER NEIGHBORHOODS, INCORPORATED TO IMPROVE THE QUALITY OF LIFE FOR THE RESIDENTS OF LAPEER BY ASSISTING IN MAKING ALL NEIGHBORHOODS SAFE, CLEAN, ATTRACTIVE, AND ECONOMICALLY STABLE. TO THIS END, LAPEER NEIGHBORHOODS, INCORPORATED SHALL ENDEAVOR TO FACILITATE PROGRAMS AND ACTIVITIES THAT WILL DIRECTLY IMPROVE THE STABILITY OF LAPEER NEIGHBORHOODS SUCH AS: 1. LOW INTEREST HOUSING REHABILITATION LOANS FOR LOW AND MODERATE INCOME HOUSEHOLDS. 2. LOW INTEREST LOANS FOR HISTORIC PRESERVATION REGARDLESS OF HOUSEHOLD INCOME. 3. GRANTS TO QUALIFIED HOUSEHOLDS FOR EMERGENCY REPAIRS AND WEATHERIZATION IMPROVEMENTS. 4. ASSIST IN INCREASING THE LEVEL OF HOMEOWNERSHIP IN LAPEER NEIGHBORHOODS THROUGH LEASE/OWNERSHIP ASSISTANCE PROGRAMS. 5. MAINTENANCE ASSISTANCE PROGRAMS FOR HOMEOWNERS WHO ARE UNABLE TO PERFORM EXTENSIVE MAINTENANCE DUE TO DISABLITY OR AGE. 6. ACQUIRE, REHABILITATE, AND RESELL HOUSES TO QUALIFIED HOUSEH
Describe the Organization's Program Activity:
Part 3 - Line 4a
20% OF THE WAGES OF THE CITY OF LAPEER EMPLOYEE WHO IS RESPONSIBLE FOR CO- ORDINATING THE PROGRAMS OF THE EXEMPT ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennell Racosta Vice-Chairpe | Officer | $0 | |
Lisa Lie Director | Officer | $0 | |
Kerri Roberts Treasurer | Officer | $0 | |
Jim Mikus Chairperson | Officer | $0 | |
Robin Chestnutt Secretary | Trustee | $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 | $2,400 |
| Noncash contributions included in lines 1a–1f | $2,400 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,400 |
| Total Program Service Revenue | $0 |
| Investment income | $3 |
| 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 | $201,303 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,400 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $261,626 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,169 |
| Savings and temporary cash investments | $33,505 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,173 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $60,847 |
| Accounts payable and accrued expenses | $2,100 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $180,000 |
| Total liabilities | $182,100 |
| Net assets without donor restrictions | -$121,253 |
| 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 | $60,847 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
West Michigan Sports Commission Grand Rapids, MI | $8,430,553 | $1,952,933 |
Wattles Park Mens Club Inc Ceresco, MI | $839,499 | $1,725,864 |
Rattlesnake Island Club Inc Port Clinton, OH | $3,955,354 | $1,478,628 |
Youth Challenge Westlake, OH | $4,644,386 | $1,454,380 |
St Margarets House South Bend, IN | $3,080,061 | $1,550,820 |
Ima Recreation Association Burton, MI | $1,066,982 | $939,967 |
Avon Junior Athletic Association Inc Avon, IN | $324,932 | $875,417 |
Nine 13 Inc Indianapolis, IN | $464,758 | $788,750 |
Ice House Skating Academy Hartland, MI | $45,831 | $787,193 |
Challenge Mountain Of Walloon Hills Inc Boyne City, MI | $1,595,012 | $1,068,376 |
Coordinated Athletic Resources Deliver Support Inc Columbus, OH | $424,727 | $644,296 |
Oak Hills Youth Athletics Inc Cincinnati, OH | $275,804 | $641,424 |