Lakeland Village Community Association Inc
Lakeland Village Community Association Inc shows consistent revenue growth and healthy financial surpluses.
EIN: 204168642 · Katy, TX · NTEE: S20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.0M |
| Total Expenses | $2.9M |
| Program Spending | 90% |
| Net Assets | $2.2M |
| Transparency Score | 92/100 |
Is Lakeland Village Community Association Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lakeland Village Community Association Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lakeland Village Community Association Inc
Lakeland Village Community Association Inc (EIN: 204168642) is a nonprofit organization based in Katy, TX, classified under NTEE code S20. The organization reported total revenue of $3.0M and total assets of $3.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lakeland Village Community Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lakeland Village Community Association Inc is a mid-size nonprofit that has been operating for 9 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 7.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.0M |
| Total Expenses | $2.9M |
| Surplus / Deficit | +$148K |
| Total Assets | $3.3M |
| Total Liabilities | $1.2M |
| Net Assets | $2.2M |
| Operating Margin | 4.9% |
| Debt-to-Asset Ratio | 35.2% |
| Months of Reserves | 13.8 months |
Financial Health Grade: A
In 2023, Lakeland Village Community Association Inc reported a surplus of $148K with revenue exceeding expenses, holds 13.8 months of operating reserves (strong position), has a debt-to-asset ratio of 35.2% (moderate leverage).
Financial Trends
Over 8 years of filings (2016–2023), Lakeland Village Community Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.6% | +11.9% | +3.3% |
| 2022 | +11.2% | +12.0% | +22.3% |
| 2021 | +8.8% | +1.5% | +9.5% |
| 2020 | -6.7% | +1.9% | +18.9% |
| 2019 | +11.4% | -5.2% | +19.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
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 Lakeland Village Community Association Inc with a Mission Score of 92 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Lakeland Village Community Association Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 $148K, with revenue exceeding expenses.
- Debt-to-asset ratio: 35.2%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers receive compensation from the organization, which is a strong positive for directing funds to community services.
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 Lakeland Village Community Association Inc:
- 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
Frequently Asked Questions about Lakeland Village Community Association Inc
Is Lakeland Village Community Association Inc a legitimate charity?
Lakeland Village Community Association Inc (EIN: 204168642) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 92/100. It has 8 years of IRS 990 filings on record. Total revenue: $3.0M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Lakeland Village Community Association Inc spend its money?
Lakeland Village Community Association Inc directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Lakeland Village Community Association Inc tax-deductible?
Lakeland Village Community Association Inc is registered as a tax-exempt nonprofit (EIN: 204168642). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lakeland Village Community Association Inc's spending goes to programs?
Lakeland Village Community Association Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lakeland Village Community Association Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Lakeland Village Community Association Inc is above average for NTEE category S20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lakeland Village Community Association Inc located?
Lakeland Village Community Association Inc is headquartered in Katy, Texas and files with the IRS under EIN 204168642. It is classified under NTEE code S20.
How many years of IRS 990 filings does Lakeland Village Community Association Inc have?
Lakeland Village Community Association Inc has 8 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 $3.0M in total revenue.
Is Lakeland Village Community Association Inc financially stable?
Yes, the organization appears financially stable, consistently generating surpluses (e.g., $148,323 in 2023) and growing its assets from $1,475,298 in 2016 to $3,320,016 in 2023.
How has the organization's revenue changed over time?
Revenue has shown consistent growth, increasing from $1,805,071 in 2016 to $3,025,975 in 2023, indicating a healthy upward trend.
Does Lakeland Village Community Association Inc pay its officers?
No, all available IRS 990 filings report 0% officer compensation, suggesting that officers are not paid by the organization.
What is the trend in the organization's assets?
Assets have steadily increased from $1,475,298 in 2016 to $3,320,016 in 2023, demonstrating strong financial growth and accumulation of resources.
Filing History
IRS 990 filing history for Lakeland Village Community Association Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Lakeland Village Community Association Inc's revenue has grown by 67.6%, moving from $1.8M to $3.0M. Total assets increased by 125% over the same period, from $1.5M to $3.3M. Total functional expenses rose by 94.5%, from $1.5M to $2.9M. In its most recent filing year (2023), Lakeland Village Community Association Inc reported a surplus of $148K, with revenue exceeding expenses. The organization holds $1.2M in liabilities against $3.3M in assets (debt-to-asset ratio: 35.2%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.0M | $2.9M | $3.3M | $1.2M | — | View 990 |
| 2022 | $2.9M | $2.6M | $3.2M | $1.2M | — | View 990 |
| 2021 | $2.6M | $2.3M | $2.6M | $1.1M | — | View 990 |
| 2020 | $2.4M | $2.3M | $2.4M | $1.9M | — | View 990 |
| 2019 | $2.5M | $2.2M | $2.0M | $1.1M | — | View 990 |
| 2018 | $2.3M | $2.3M | $1.7M | $1.1M | — | View 990 |
| 2017 | $2.1M | $2.3M | $1.5M | $872K | — | View 990 |
| 2016 | $1.8M | $1.5M | $1.5M | $724K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.0M, expenses of $2.9M, and assets of $3.3M (revenue +5.6% year-over-year).
- 2022: Revenue of $2.9M, expenses of $2.6M, and assets of $3.2M (revenue +11.2% year-over-year).
- 2021: Revenue of $2.6M, expenses of $2.3M, and assets of $2.6M (revenue +8.8% year-over-year).
- 2020: Revenue of $2.4M, expenses of $2.3M, and assets of $2.4M (revenue -6.7% year-over-year).
- 2019: Revenue of $2.5M, expenses of $2.2M, and assets of $2.0M (revenue +11.4% year-over-year).
- 2018: Revenue of $2.3M, expenses of $2.3M, and assets of $1.7M (revenue +6.3% year-over-year).
- 2017: Revenue of $2.1M, expenses of $2.3M, and assets of $1.5M (revenue +18.8% year-over-year).
- 2016: Revenue of $1.8M, expenses of $1.5M, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lakeland Village Community Association Inc:
Data Sources and Methodology
This transparency report for Lakeland Village Community Association Inc 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.