Lakeridge Community Association

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Lakeridge Community Association Form 990, Revenue, CEO Pay, and IRS Filing Signals

Lakeridge Community Association is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Lakeridge Community Association in one place.

Is Lakeridge Community Association Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Lakeridge Community Association shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Lakeridge Community Association directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Lakeridge Community Association

Lakeridge Community Association (EIN: 112112782) is a nonprofit organization based in Matawan, NJ. The organization reported total revenue of $215K and total assets of $192K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lakeridge Community Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Lakeridge Community Association is a small nonprofit that has been operating for 59 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.9%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2023, Lakeridge Community Association reported a deficit of $48K with expenses exceeding revenue, holds 6.1 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Lakeridge Community Association's revenue has grown at a compound annual growth rate (CAGR) of 3.9%.

IRS Tax-Exempt Classification

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 Lakeridge Community Association with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 15%
• programs: 80%
• fundraising: 5%

According to IRS 990 filings, Lakeridge Community Association allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $48K, with expenses exceeding revenue.
• Debt-to-asset ratio: 1.0%.

Executive Compensation Analysis

Officer compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership likely serves in a volunteer capacity, which is commendable for a nonprofit of this size.

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.

Red Flags

The following concerns were identified during AI analysis of Lakeridge Community Association's IRS 990 filings:

• Operating deficit in the most recent fiscal period (202302) where expenses ($252,780) exceeded revenue ($204,470).

Strengths

The following positive indicators were identified for Lakeridge Community Association:

• Consistent IRS 990 filing history (13 filings), demonstrating transparency and compliance.
• No reported officer compensation across all periods, indicating a volunteer-driven leadership.
• Low liabilities across all reported periods, suggesting sound financial management and minimal debt.
• Stable revenue streams over the past decade, generally maintaining operations.
• Growth in assets, from $72,638 in 202002 to $191,914 in the latest period, indicating financial health.

Frequently Asked Questions about Lakeridge Community Association

Filing History

IRS 990 filing history for Lakeridge Community Association showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Lakeridge Community Association's revenue has grown by 58.6%, moving from $129K to $204K. Total assets increased by 420.8% over the same period, from $25K to $129K. Total functional expenses rose by 88%, from $134K to $253K. In its most recent filing year (2023), Lakeridge Community Association reported a deficit of $48K, with expenses exceeding revenue. The organization holds $1K in liabilities against $129K in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $128K.

Year-by-Year Financial Summary

• 2023: Revenue of $204K, expenses of $253K, and assets of $129K (revenue -9.3% year-over-year).
• 2022: Revenue of $225K, expenses of $150K, and assets of $176K (revenue +15.4% year-over-year).
• 2021: Revenue of $195K, expenses of $167K, and assets of $102K (revenue -7.4% year-over-year).
• 2020: Revenue of $211K, expenses of $229K, and assets of $73K (revenue +101.6% year-over-year).
• 2019: Revenue of $105K, expenses of $139K, and assets of $91K (revenue -40.9% year-over-year).
• 2018: Revenue of $177K, expenses of $166K, and assets of $125K (revenue -1.8% year-over-year).
• 2017: Revenue of $180K, expenses of $174K, and assets of $114K (revenue +2.5% year-over-year).
• 2016: Revenue of $176K, expenses of $158K, and assets of $108K (revenue +16.5% year-over-year).
• 2015: Revenue of $151K, expenses of $206K, and assets of $91K (revenue -42.4% year-over-year).
• 2014: Revenue of $262K, expenses of $183K, and assets of $145K (revenue +33.9% year-over-year).
• 2013: Revenue of $196K, expenses of $130K, and assets of $66K (revenue +48.1% year-over-year).
• 2012: Revenue of $132K, expenses of $157K, and assets of $12 (revenue +2.5% year-over-year).
• 2011: Revenue of $129K, expenses of $134K, and assets of $25K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Lakeridge Community Association:

Data Sources and Methodology

This transparency report for Lakeridge Community 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.