Lakeshore Community Association Inc
Lakeshore Community Association Inc. shows consistent revenue growth and asset accumulation with no reported officer compensation.
EIN: 203492728 · San Antonio, TX · NTEE: S22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $1.1M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $1.7M |
| Transparency Score | 85/100 |
Is Lakeshore Community Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lakeshore Community Association Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lakeshore Community Association Inc
Lakeshore Community Association Inc (EIN: 203492728) is a nonprofit organization based in San Antonio, TX, classified under NTEE code S22. The organization reported total revenue of $1.2M and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lakeshore Community Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lakeshore Community Association Inc is a mid-size nonprofit that has been operating for 11 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 | $1.2M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$67K |
| Total Assets | $2.0M |
| Total Liabilities | $336K |
| Net Assets | $1.7M |
| Operating Margin | 5.6% |
| Debt-to-Asset Ratio | 16.5% |
| Months of Reserves | 21.9 months |
Financial Health Grade: A
In 2023, Lakeshore Community Association Inc reported a surplus of $67K with revenue exceeding expenses, holds 21.9 months of operating reserves (strong position), has a debt-to-asset ratio of 16.5% (very low leverage).
Financial Trends
Over 9 years of filings (2015–2023), Lakeshore Community Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.4% | -21.6% | +1.2% |
| 2022 | +13.9% | +59.9% | -6.7% |
| 2021 | -0.6% | +15.4% | +7.1% |
| 2020 | -1.6% | +2.9% | +11.7% |
| 2019 | +6.9% | +11.9% | +20.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2015 |
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 Lakeshore Community Association Inc with a Mission Score of 85 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: 85%
- fundraising: 5%
According to IRS 990 filings, Lakeshore Community Association Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $67K, with revenue exceeding expenses.
- Debt-to-asset ratio: 16.5%.
Executive Compensation Analysis
Lakeshore Community Association Inc. consistently reports 0% officer compensation across all nine years of filings, indicating that its leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly favorable for a nonprofit of its size with over $1 million in annual revenue.
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 Lakeshore Community Association Inc's IRS 990 filings:
- Significant deficit in fiscal year 2022 ($1,425,448 expenses vs. $1,145,542 revenue)
Strengths
The following positive indicators were identified for Lakeshore Community Association Inc:
- Consistent revenue growth over nine years (from $902,195 in 2015 to $1,184,871 in 2023)
- Healthy asset growth, more than doubling from $873,748 in 2015 to $2,039,830 in 2023
- 0% reported officer compensation across all nine filings, indicating high efficiency in leadership costs
- Generally operates with a surplus, demonstrating sound financial management in most years
Frequently Asked Questions about Lakeshore Community Association Inc
Is Lakeshore Community Association Inc a legitimate charity?
Lakeshore Community Association Inc (EIN: 203492728) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 85/100. It has 9 years of IRS 990 filings on record. Total revenue: $1.2M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Lakeshore Community Association Inc spend its money?
Lakeshore Community Association Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lakeshore Community Association Inc tax-deductible?
Lakeshore Community Association Inc is registered as a tax-exempt nonprofit (EIN: 203492728). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lakeshore Community Association Inc CEO make?
Lakeshore Community Association Inc's highest-compensated officer earns $1 annually. The organization reported $1.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Lakeshore Community Association Inc's spending goes to programs?
Lakeshore Community Association Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lakeshore Community Association Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Lakeshore Community Association Inc is above average for NTEE category S22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lakeshore Community Association Inc located?
Lakeshore Community Association Inc is headquartered in San Antonio, Texas and files with the IRS under EIN 203492728. It is classified under NTEE code S22.
How many years of IRS 990 filings does Lakeshore Community Association Inc have?
Lakeshore Community Association Inc 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 $1.2M in total revenue.
What caused the significant expense increase and deficit in fiscal year 2022?
In 2022, expenses were $1,425,448 against revenues of $1,145,542, resulting in a substantial deficit. Understanding the specific nature of these increased expenditures would provide clarity on financial planning and potential one-time costs.
How does Lakeshore Community Association Inc. manage its leadership without reported officer compensation?
The consistent reporting of 0% officer compensation suggests either a fully volunteer board and executive team or compensation structured in a way not categorized as officer compensation. This practice is highly efficient but warrants understanding of the operational model.
What is the specific breakdown of program spending for Lakeshore Community Association Inc.?
While the overall program spending appears strong, a detailed breakdown of how the majority of expenses are allocated to specific community programs or services would provide greater insight into the organization's impact.
Filing History
IRS 990 filing history for Lakeshore Community Association Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Lakeshore Community Association Inc's revenue has grown by 31.3%, moving from $902K to $1.2M. Total assets increased by 133.5% over the same period, from $874K to $2.0M. Total functional expenses rose by 58%, from $708K to $1.1M. In its most recent filing year (2023), Lakeshore Community Association Inc reported a surplus of $67K, with revenue exceeding expenses. The organization holds $336K in liabilities against $2.0M in assets (debt-to-asset ratio: 16.5%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.1M | $2.0M | $336K | — | — |
| 2022 | $1.1M | $1.4M | $2.0M | $394K | — | — |
| 2021 | $1.0M | $892K | $2.2M | $280K | — | View 990 |
| 2020 | $1.0M | $772K | $2.0M | $267K | — | View 990 |
| 2019 | $1.0M | $750K | $1.8M | $313K | — | View 990 |
| 2018 | $962K | $670K | $1.5M | $281K | — | View 990 |
| 2017 | $967K | $698K | $1.2M | $244K | — | View 990 |
| 2016 | $925K | $822K | $933K | $305K | — | View 990 |
| 2015 | $902K | $708K | $874K | $348K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.1M, and assets of $2.0M (revenue +3.4% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.4M, and assets of $2.0M (revenue +13.9% year-over-year).
- 2021: Revenue of $1.0M, expenses of $892K, and assets of $2.2M (revenue -0.6% year-over-year).
- 2020: Revenue of $1.0M, expenses of $772K, and assets of $2.0M (revenue -1.6% year-over-year).
- 2019: Revenue of $1.0M, expenses of $750K, and assets of $1.8M (revenue +6.9% year-over-year).
- 2018: Revenue of $962K, expenses of $670K, and assets of $1.5M (revenue -0.6% year-over-year).
- 2017: Revenue of $967K, expenses of $698K, and assets of $1.2M (revenue +4.6% year-over-year).
- 2016: Revenue of $925K, expenses of $822K, and assets of $933K (revenue +2.5% year-over-year).
- 2015: Revenue of $902K, expenses of $708K, and assets of $874K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lakeshore Community Association Inc:
Data Sources and Methodology
This transparency report for Lakeshore 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.