Morse Lakes Property Owners Association Inc
- Assets
- $80.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bloomingdale, NJ
- Founding
- 06/1976
- Data as of
- 12/2022
- EIN
- 51-0187926
Organization Overview
Morse Lakes Property Owners Association Inc is located in Bloomingdale, NJ. 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. Morse Lakes Property Owners Association Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Morse Lakes Property Owners Association Inc generated $96.6k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $98.9k during the year ending 12/2022. While expenses have increased by 6.2% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Combs President | 6 | $0 | |
Anthony Ferraro Vice President | 2 | $0 | |
Linda Thornton CPA Treasurer | 6 | $0 | |
Judy Bertola Secretary | 3 | $0 | |
Christopher Van Dalinda Property Dam Manager | 3 | $0 | |
Marco Margotta Clubhouse Manager | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,631 |
| Total Program Service Revenue | $0 |
| Membership dues | $80,358 |
| Investment income | $811 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $461 |
| Other Revenue | $12,372 |
| Total Revenue | $96,633 |
| 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 | $487 |
| Occupancy, rent, utilities, and maintenance | $98,093 |
| Printing, publications, postage, and shipping | $355 |
| Other expenses | $0 |
| Total expenses | $98,935 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $80,424 |
| Other assets | $0 |
| Total assets | $80,425 |
| Total liabilities | $0 |
| Net assets or fund balances | $80,425 |