Lakeview Properties Inc
Lakeview Properties Inc. consistently operates at a deficit but maintains substantial assets.
EIN: 208581503 · Baltimore, MD · NTEE: L990 · Updated: 2026-03-28
Is Lakeview Properties Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lakeview Properties Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Lakeview Properties Inc
Lakeview Properties Inc (EIN: 208581503) is a nonprofit organization based in Baltimore, MD, classified under NTEE code L990. The organization reported total revenue of $119K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lakeview Properties Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lakeview Properties Inc with a Mission Score of 65 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Lakeview Properties Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting that the organization's leadership may be entirely volunteer-based or compensated through non-officer roles, which enhances financial efficiency but could obscure full leadership costs.
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 Lakeview Properties Inc's IRS 990 filings:
- Consistent operational deficits, with expenses exceeding revenue in most reported periods (e.g., $147,837 expenses vs. $119,171 revenue in 2021).
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, limiting full spending efficiency analysis.
Strengths
The following positive indicators were identified for Lakeview Properties Inc:
- Maintains a strong asset base ($1,187,124 in 2021) significantly exceeding liabilities ($111,730 in 2021).
- Consistent filing of IRS Form 990s over 11 periods, indicating good compliance and transparency.
- Reported 0% officer compensation across all filings, suggesting efficient use of funds for leadership or volunteer-led executive team.
Frequently Asked Questions about Lakeview Properties Inc
Is Lakeview Properties Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lakeview Properties Inc (EIN: 208581503) some concerns. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.
How does Lakeview Properties Inc spend its money?
Lakeview Properties Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lakeview Properties Inc tax-deductible?
Lakeview Properties Inc is registered as a tax-exempt nonprofit (EIN: 208581503). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Lakeview Properties Inc. cover its consistent operational deficits?
The organization consistently reports expenses exceeding revenue (e.g., $147,837 expenses vs. $119,171 revenue in 2021). These deficits are likely covered by drawing down on its significant asset base, which stood at $1,187,124 in 2021, or through other non-operating income not detailed in the summary.
What is the nature of Lakeview Properties Inc.'s substantial assets?
Given the organization's name, 'Lakeview Properties Inc.', it is highly probable that a significant portion of its $1,187,124 in assets consists of real estate or property holdings. This would explain the large asset base despite relatively modest annual revenues.
Is the organization financially sustainable given its recurring losses?
While the organization consistently reports operational losses, its substantial asset base ($1,187,124 in 2021) provides a buffer. However, continuous reliance on assets to cover operational shortfalls is not a sustainable long-term strategy without a clear plan to increase revenue or reduce expenses.
Filing History
IRS 990 filing history for Lakeview Properties Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2021), Lakeview Properties Inc's revenue has grown by 11.8%, moving from $107K to $119K. Total assets decreased by 15.9% over the same period, from $1.4M to $1.2M. Total functional expenses rose by 24.5%, from $119K to $148K. In its most recent filing year (2021), Lakeview Properties Inc reported a deficit of $29K, with expenses exceeding revenue. The organization holds $112K in liabilities against $1.2M in assets (debt-to-asset ratio: 9.4%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2021 | $119K | $148K | $1.2M | $112K | — | — |
| 2020 | $89K | $138K | $1.2M | $55K | — | — |
| 2019 | $107K | $131K | $1.2M | $21K | — | View 990 |
| 2018 | $117K | $156K | $1.2M | $17K | — | View 990 |
| 2017 | $101K | $186K | $1.2M | $21K | — | View 990 |
| 2016 | $108K | $150K | $1.3M | $15K | — | View 990 |
| 2015 | $108K | $124K | $1.4M | $16K | — | View 990 |
| 2014 | $108K | $122K | $1.4M | $6K | — | View 990 |
| 2013 | $104K | $123K | $1.4M | $4K | — | View 990 |
| 2012 | $106K | $122K | $1.4M | $6K | — | View 990 |
| 2011 | $107K | $119K | $1.4M | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $119K, expenses of $148K, and assets of $1.2M (revenue +34.2% year-over-year).
- 2020: Revenue of $89K, expenses of $138K, and assets of $1.2M (revenue -16.8% year-over-year).
- 2019: Revenue of $107K, expenses of $131K, and assets of $1.2M (revenue -8.5% year-over-year).
- 2018: Revenue of $117K, expenses of $156K, and assets of $1.2M (revenue +15.8% year-over-year).
- 2017: Revenue of $101K, expenses of $186K, and assets of $1.2M (revenue -6.7% year-over-year).
- 2016: Revenue of $108K, expenses of $150K, and assets of $1.3M (revenue +0.2% year-over-year).
- 2015: Revenue of $108K, expenses of $124K, and assets of $1.4M (revenue -0.6% year-over-year).
- 2014: Revenue of $108K, expenses of $122K, and assets of $1.4M (revenue +4.6% year-over-year).
- 2013: Revenue of $104K, expenses of $123K, and assets of $1.4M (revenue -2.1% year-over-year).
- 2012: Revenue of $106K, expenses of $122K, and assets of $1.4M (revenue -0.6% year-over-year).
- 2011: Revenue of $107K, expenses of $119K, and assets of $1.4M.
Data Sources and Methodology
This transparency report for Lakeview Properties 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.