Lakeside Retirement Corporation
EIN: 450371447 · Powers Lake, ND
| Metric | Value |
|---|---|
| Total Revenue | $115K |
| Total Expenses | $56K |
| Net Assets | $5K |
Is Lakeside Retirement Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lakeside Retirement Corporation
Lakeside Retirement Corporation (EIN: 450371447) is a nonprofit organization based in Powers Lake, ND. The organization reported total revenue of $115K and total assets of $92K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lakeside Retirement Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lakeside Retirement Corporation is a small nonprofit, with 5 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -0.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $58K |
| Total Expenses | $56K |
| Surplus / Deficit | +$2K |
| Total Assets | $76K |
| Total Liabilities | $72K |
| Net Assets | $5K |
| Operating Margin | 3.9% |
| Debt-to-Asset Ratio | 93.8% |
| Months of Reserves | 16.4 months |
Financial Health Grade: A
In 2023, Lakeside Retirement Corporation reported a surplus of $2K with revenue exceeding expenses, holds 16.4 months of operating reserves (strong position), has a debt-to-asset ratio of 93.8% (high leverage).
Financial Trends
Over 5 years of filings (2012–2023), Lakeside Retirement Corporation's revenue has grown at a compound annual growth rate (CAGR) of -0.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.6% | +4.8% | -35.8% |
| 2016 | +2.3% | +12.7% | -6.7% |
| 2014 | +1.6% | -8.2% | -0.7% |
| 2013 | -10.6% | +10.3% | -3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lakeside Retirement Corporation 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 Lakeside Retirement Corporation 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 $2K, with revenue exceeding expenses.
- Debt-to-asset ratio: 93.8%.
Frequently Asked Questions about Lakeside Retirement Corporation
Is Lakeside Retirement Corporation a legitimate charity?
Lakeside Retirement Corporation (EIN: 450371447) is a registered tax-exempt nonprofit based in North Dakota. It has 5 years of IRS 990 filings on record. Total revenue: $115K. No red flags identified. Financial health grade: A.
How does Lakeside Retirement Corporation spend its money?
Lakeside Retirement Corporation reported $115K in total revenue in IRS 990 filings. 5 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Lakeside Retirement Corporation tax-deductible?
Lakeside Retirement Corporation is registered as a tax-exempt nonprofit (EIN: 450371447). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lakeside Retirement Corporation located?
Lakeside Retirement Corporation is headquartered in Powers Lake, North Dakota and files with the IRS under EIN 450371447.
How many years of IRS 990 filings does Lakeside Retirement Corporation have?
Lakeside Retirement Corporation has 5 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 $115K in total revenue.
Filing History
IRS 990 filing history for Lakeside Retirement Corporation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2012–2023), Lakeside Retirement Corporation's revenue has declined by 0.1%, moving from $58K to $58K. Total assets decreased by 42.5% over the same period, from $133K to $76K. Total functional expenses rose by 19.7%, from $47K to $56K. In its most recent filing year (2023), Lakeside Retirement Corporation reported a surplus of $2K, with revenue exceeding expenses. The organization holds $72K in liabilities against $76K in assets (debt-to-asset ratio: 93.8%), resulting in net assets of $5K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $58K | $56K | $76K | $72K | — | — |
| 2016 | $54K | $53K | $119K | $131K | — | — |
| 2014 | $53K | $47K | $127K | $144K | — | View 990 |
| 2013 | $52K | $51K | $128K | $151K | — | View 990 |
| 2012 | $58K | $47K | $133K | $155K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $58K, expenses of $56K, and assets of $76K (revenue +7.6% year-over-year).
- 2016: Revenue of $54K, expenses of $53K, and assets of $119K (revenue +2.3% year-over-year).
- 2014: Revenue of $53K, expenses of $47K, and assets of $127K (revenue +1.6% year-over-year).
- 2013: Revenue of $52K, expenses of $51K, and assets of $128K (revenue -10.6% year-over-year).
- 2012: Revenue of $58K, expenses of $47K, and assets of $133K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lakeside Retirement Corporation:
Data Sources and Methodology
This transparency report for Lakeside Retirement Corporation 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.