Lakeridge Community Association

Lakeridge Community Association shows stable revenue and asset growth, with occasional operating deficits.

EIN: 112112782 · Matawan, NJ · Updated: 2026-03-28

$215KRevenue

$192KAssets

75/100Mission Score (Good)

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.

AI Transparency Report

Lakeridge Community Association demonstrates generally stable financial health over the past decade, with annual revenues consistently in the range of $100,000 to $260,000. While the organization experienced a deficit in the most recent filing period (202302) with expenses of $252,780 exceeding revenue of $204,470, this appears to be an anomaly rather than a trend, as prior years often showed surpluses or minor deficits. The organization's assets have shown growth, reaching $191,914 in the latest period, indicating a build-up of resources.

Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent absence of officer compensation suggests that a significant portion of leadership is likely volunteer-based, which can contribute to lower administrative overhead. The organization's liabilities have remained very low across all reported periods, indicating sound financial management regarding debt.

Transparency is good in terms of filing history, with 13 filings available, demonstrating consistent compliance with IRS reporting requirements. The lack of officer compensation also contributes positively to the perception of the organization's focus on its community mission rather than executive enrichment. To further enhance transparency, a more detailed public breakdown of how expenses are allocated across programs, administration, and fundraising would be beneficial.

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.

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

Is Lakeridge Community Association a good charity?

Based on the available data, Lakeridge Community Association appears to be a well-managed community organization. It consistently files its IRS 990s, maintains low liabilities, and has no reported officer compensation, suggesting a strong volunteer ethos. While there was a deficit in the most recent year (202302), its overall financial history shows stability and asset growth.

What caused the deficit in the 202302 period?

The provided data does not specify the exact cause of the $48,310 deficit in the 202302 period (Expenses $252,780 vs. Revenue $204,470). It could be due to a one-time capital expenditure, increased program activities, or a temporary dip in revenue. Further detailed financial statements would be needed to understand this specific event.

How does Lakeridge Community Association fund its operations?

Lakeridge Community Association primarily funds its operations through its annual revenue, which has consistently been between $104,566 and $261,994 over the past decade. The specific sources of this revenue (e.g., membership dues, community events, grants) are not detailed in the provided summary.

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	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$204K	$253K	$129K	$1K	—	—
2022	$225K	$150K	$176K	$252	—	View 990
2021	$195K	$167K	$102K	$567	—	View 990
2020	$211K	$229K	$73K	$0	—	—
2019	$105K	$139K	$91K	$0	—	View 990
2018	$177K	$166K	$125K	$0	—	View 990
2017	$180K	$174K	$114K	$0	—	View 990
2016	$176K	$158K	$108K	$0	—	View 990
2015	$151K	$206K	$91K	$0	—	View 990
2014	$262K	$183K	$145K	$0	—	View 990
2013	$196K	$130K	$66K	$0	—	View 990
2012	$132K	$157K	$12	$0	—	View 990
2011	$129K	$134K	$25K	$0	—	View 990

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.

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.