Christmas Lake Homeowners Association
Christmas Lake Homeowners Association shows consistent financial growth and zero liabilities with volunteer leadership.
EIN: 204559189 · Deephaven, MN · NTEE: C32 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $274K |
| Total Expenses | $211K |
| Program Spending | 90% |
| Net Assets | $185K |
| Transparency Score | 95/100 |
Is Christmas Lake Homeowners Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Christmas Lake Homeowners Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Christmas Lake Homeowners Association
Christmas Lake Homeowners Association (EIN: 204559189) is a nonprofit organization based in Deephaven, MN, classified under NTEE code C32. The organization reported total revenue of $274K and total assets of $252K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Christmas Lake Homeowners Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Christmas Lake Homeowners Association is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $239K |
| Total Expenses | $211K |
| Surplus / Deficit | +$28K |
| Total Assets | $185K |
| Net Assets | $185K |
| Operating Margin | 11.9% |
| Months of Reserves | 10.5 months |
Financial Health Grade: A
In 2023, Christmas Lake Homeowners Association reported a surplus of $28K with revenue exceeding expenses, holds 10.5 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Christmas Lake Homeowners Association's revenue has grown at a compound annual growth rate (CAGR) of 13.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +-0.0% | +20.4% | +19.2% |
| 2022 | +45.1% | +37.0% | +40.9% |
| 2021 | +11.2% | -14.2% | +51.0% |
| 2020 | +63.9% | +64.0% | +19.4% |
| 2019 | -30.6% | -23.1% | -0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Christmas Lake Homeowners Association with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Christmas Lake Homeowners Association allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $28K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization is run by volunteers, which significantly reduces administrative costs and directs more funds to its operational activities.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Christmas Lake Homeowners Association:
- Consistent revenue growth, from $38,771 in 2014 to $239,000 in 2023.
- Zero liabilities reported across all available filings, indicating strong financial health.
- No officer compensation, suggesting a volunteer-driven model and efficient use of funds.
- Significant asset accumulation, growing from $33,946 in 2015 to $185,072 in 2023.
- Regular and consistent IRS 990 filings over 13 periods, demonstrating transparency and compliance.
Frequently Asked Questions about Christmas Lake Homeowners Association
Is Christmas Lake Homeowners Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Christmas Lake Homeowners Association (EIN: 204559189) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Christmas Lake Homeowners Association spend its money?
Christmas Lake Homeowners Association directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Christmas Lake Homeowners Association tax-deductible?
Christmas Lake Homeowners Association is registered as a tax-exempt nonprofit (EIN: 204559189). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Christmas Lake Homeowners Association compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Christmas Lake Homeowners Association is above average for NTEE category C32 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Christmas Lake Homeowners Association located?
Christmas Lake Homeowners Association is headquartered in Deephaven, Minnesota and files with the IRS under EIN 204559189. It is classified under NTEE code C32.
How many years of IRS 990 filings does Christmas Lake Homeowners Association have?
Christmas Lake Homeowners Association has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $274K in total revenue.
Is Christmas Lake Homeowners Association a good charity?
As a homeowners association, its primary purpose is to serve its members rather than the general public as a traditional charity. However, from a financial health and efficiency perspective, it demonstrates excellent management with consistent revenue growth, asset accumulation, and zero liabilities, indicating strong fiscal responsibility.
How does the organization manage its finances given its growth?
The organization has effectively managed its finances, with revenue growing from $38,771 in 2014 to $239,000 in 2023, and assets increasing from $33,946 in 2015 to $185,072 in 2023, all while maintaining zero liabilities. This indicates prudent financial stewardship.
What is the impact of 0% officer compensation?
The 0% officer compensation means that all leadership roles are voluntary, which allows a greater proportion of the organization's revenue to be allocated directly to community services and operational expenses, rather than salaries.
Filing History
IRS 990 filing history for Christmas Lake Homeowners Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Christmas Lake Homeowners Association's revenue has grown by 364.5%, moving from $51K to $239K. Total assets increased by 468.3% over the same period, from $33K to $185K. Total functional expenses rose by 250.2%, from $60K to $211K. In its most recent filing year (2023), Christmas Lake Homeowners Association reported a surplus of $28K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $239K | $211K | $185K | $0 | — | — |
| 2022 | $239K | $175K | $155K | $0 | — | — |
| 2021 | $165K | $128K | $110K | $0 | — | View 990 |
| 2020 | $148K | $149K | $73K | $0 | — | — |
| 2019 | $90K | $91K | $61K | $0 | — | View 990 |
| 2018 | $130K | $118K | $61K | $0 | — | View 990 |
| 2017 | $140K | $126K | $49K | $0 | — | View 990 |
| 2016 | $127K | $126K | $35K | $0 | — | View 990 |
| 2015 | $60K | $97K | $34K | $0 | — | View 990 |
| 2014 | $39K | $69K | $71K | $0 | — | View 990 |
| 2013 | $30K | $22K | $101K | $0 | — | View 990 |
| 2012 | $133K | $85K | $94K | $0 | — | View 990 |
| 2011 | $51K | $60K | $33K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $239K, expenses of $211K, and assets of $185K (revenue +-0.0% year-over-year).
- 2022: Revenue of $239K, expenses of $175K, and assets of $155K (revenue +45.1% year-over-year).
- 2021: Revenue of $165K, expenses of $128K, and assets of $110K (revenue +11.2% year-over-year).
- 2020: Revenue of $148K, expenses of $149K, and assets of $73K (revenue +63.9% year-over-year).
- 2019: Revenue of $90K, expenses of $91K, and assets of $61K (revenue -30.6% year-over-year).
- 2018: Revenue of $130K, expenses of $118K, and assets of $61K (revenue -6.7% year-over-year).
- 2017: Revenue of $140K, expenses of $126K, and assets of $49K (revenue +10.1% year-over-year).
- 2016: Revenue of $127K, expenses of $126K, and assets of $35K (revenue +111.5% year-over-year).
- 2015: Revenue of $60K, expenses of $97K, and assets of $34K (revenue +54.8% year-over-year).
- 2014: Revenue of $39K, expenses of $69K, and assets of $71K (revenue +31.4% year-over-year).
- 2013: Revenue of $30K, expenses of $22K, and assets of $101K (revenue -77.7% year-over-year).
- 2012: Revenue of $133K, expenses of $85K, and assets of $94K (revenue +157.8% year-over-year).
- 2011: Revenue of $51K, expenses of $60K, and assets of $33K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Christmas Lake Homeowners Association:
Data Sources and Methodology
This transparency report for Christmas Lake Homeowners Association is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.