Is Lakeland Village Community Association Inc Legit?

Quick charity verification for Lakeland Village Community Association Inc (EIN: 204168642)

Verdict: Lakeland Village Community Association Inc appears trustworthy

92/100Mission Score

$3.0MRevenue

$3.9MAssets

0Red Flags

5Strengths

No red flags identified.

Strengths

Consistent revenue growth (from $1.8M in 2016 to $3.0M in 2023)
Healthy financial surpluses year over year (e.g., $148,323 in 2023)
Zero officer compensation reported across all filings, indicating high efficiency in directing funds to mission
Steady increase in assets, demonstrating strong financial health and capacity building
Positive net income trend, with expenses generally lower than revenue

Spending Breakdown

How Lakeland Village Community Association Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Lakeland Village Community Association Inc

Is Lakeland Village Community Association Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Lakeland Village Community Association Inc (EIN: 204168642) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.

Is Lakeland Village Community Association Inc a good charity to donate to?

Lakeland Village Community Association Inc has a Mission Score of 92/100. Revenue: $3.0M. Assets: $3.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Lakeland Village Community Association Inc?

The Employer Identification Number (EIN) for Lakeland Village Community Association Inc is 204168642. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Lakeland Village Community Association Inc spend its money?

Lakeland Village Community Association Inc allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Lakeland Village Community Association Inc's tax-exempt status?

You can verify Lakeland Village Community Association Inc's tax-exempt status using EIN 204168642 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Lakeland Village Community Association Inc demonstrates consistent financial growth and appears to be in a stable financial position. Over the past eight years, revenue has steadily increased from $1,805,071 in 2016 to $3,025,975 in 2023, indicating a growing operational scale. The organization consistently maintains a positive net income, with expenses generally lower than revenue, contributing to a healthy accumulation of assets, which grew from $1,475,298 in 2016 to $3,320,016 in 2023. This suggests effective financial management and an ability to build reserves.

Spending efficiency appears strong, as the organization consistently operates with a surplus. For example, in 2023, expenses were $2,877,652 against revenues of $3,025,975, resulting in a surplus of $148,323. The NTEE code S20 (Homeowners & Tenants Associations) suggests that the majority of their spending would naturally be on community maintenance and services, which aligns with program spending. The consistent reporting of 0% officer compensation indicates a commitment to directing funds towards the organization's mission rather than executive salaries, enhancing transparency and public trust.

Overall, Lakeland Village Community Association Inc exhibits sound financial health, efficient operations given its consistent surpluses, and a high degree of transparency regarding executive compensation. Their consistent growth in assets and revenue, coupled with responsible expense management, paints a picture of a well-managed community association.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.