Forest Lakes Homeowners Association
EIN: 860218875 · Forest Lakes, AZ
| Metric | Value |
|---|---|
| Total Revenue | $77K |
| Total Expenses | $31K |
| Net Assets | $348K |
Is Forest Lakes Homeowners Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Forest Lakes Homeowners Association
Forest Lakes Homeowners Association (EIN: 860218875) is a nonprofit organization based in Forest Lakes, AZ. The organization reported total revenue of $77K and total assets of $371K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Forest Lakes Homeowners Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Forest Lakes Homeowners Association is a micro nonprofit that has been operating for 56 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $57K |
| Total Expenses | $31K |
| Surplus / Deficit | +$26K |
| Total Assets | $355K |
| Total Liabilities | $7K |
| Net Assets | $348K |
| Operating Margin | 45.4% |
| Debt-to-Asset Ratio | 1.9% |
| Months of Reserves | 136.9 months |
Financial Health Grade: A
In 2023, Forest Lakes Homeowners Association reported a surplus of $26K with revenue exceeding expenses, holds 136.9 months of operating reserves (strong position), has a debt-to-asset ratio of 1.9% (very low leverage).
Financial Trends
Over 9 years of filings (2015–2023), Forest Lakes Homeowners Association's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.6% | -23.8% | +10.2% |
| 2022 | +13.7% | +41.8% | +9.3% |
| 2021 | +54.3% | +35.8% | +11.7% |
| 2020 | -19.3% | -9.6% | +7.2% |
| 2019 | +6.9% | -65.0% | +8.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1970 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Forest Lakes Homeowners Association has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Forest Lakes Homeowners Association with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $26K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.9%.
Frequently Asked Questions about Forest Lakes Homeowners Association
Is Forest Lakes Homeowners Association a legitimate charity?
Forest Lakes Homeowners Association (EIN: 860218875) is a registered tax-exempt nonprofit based in Arizona. It has 9 years of IRS 990 filings on record. Total revenue: $77K. No red flags identified. Financial health grade: A.
How does Forest Lakes Homeowners Association spend its money?
Forest Lakes Homeowners Association reported $77K in total revenue in IRS 990 filings. 9 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Forest Lakes Homeowners Association tax-deductible?
Forest Lakes Homeowners Association is registered as a tax-exempt nonprofit (EIN: 860218875). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Forest Lakes Homeowners Association located?
Forest Lakes Homeowners Association is headquartered in Forest Lakes, Arizona and files with the IRS under EIN 860218875.
How many years of IRS 990 filings does Forest Lakes Homeowners Association have?
Forest Lakes Homeowners Association has 9 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 $77K in total revenue.
Filing History
IRS 990 filing history for Forest Lakes Homeowners Association showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Forest Lakes Homeowners Association's revenue has grown by 31.8%, moving from $43K to $57K. Total assets increased by 101.3% over the same period, from $176K to $355K. Total functional expenses fell by 16.2%, from $37K to $31K. In its most recent filing year (2023), Forest Lakes Homeowners Association reported a surplus of $26K, with revenue exceeding expenses. The organization holds $7K in liabilities against $355K in assets (debt-to-asset ratio: 1.9%), resulting in net assets of $348K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $57K | $31K | $355K | $7K | — | — |
| 2022 | $68K | $41K | $322K | $0 | — | View 990 |
| 2021 | $60K | $29K | $295K | $0 | — | — |
| 2020 | $39K | $21K | $264K | $0 | — | — |
| 2019 | $48K | $23K | $246K | $0 | — | View 990 |
| 2018 | $45K | $67K | $227K | $0 | — | View 990 |
| 2017 | $37K | $26K | $199K | $0 | — | View 990 |
| 2016 | $41K | $30K | $188K | $0 | — | View 990 |
| 2015 | $43K | $37K | $176K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $57K, expenses of $31K, and assets of $355K (revenue -16.6% year-over-year).
- 2022: Revenue of $68K, expenses of $41K, and assets of $322K (revenue +13.7% year-over-year).
- 2021: Revenue of $60K, expenses of $29K, and assets of $295K (revenue +54.3% year-over-year).
- 2020: Revenue of $39K, expenses of $21K, and assets of $264K (revenue -19.3% year-over-year).
- 2019: Revenue of $48K, expenses of $23K, and assets of $246K (revenue +6.9% year-over-year).
- 2018: Revenue of $45K, expenses of $67K, and assets of $227K (revenue +22.5% year-over-year).
- 2017: Revenue of $37K, expenses of $26K, and assets of $199K (revenue -11.1% year-over-year).
- 2016: Revenue of $41K, expenses of $30K, and assets of $188K (revenue -4.2% year-over-year).
- 2015: Revenue of $43K, expenses of $37K, and assets of $176K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Forest Lakes Homeowners Association:
Data Sources and Methodology
This transparency report for Forest Lakes 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.