Overview
What is Lake Arrowhead Community Inc?
Lake Arrowhead Community Inc, located in North Waterboro, Maine, serves as a homeowners' association dedicated to enhancing the living experience of its members. This nonprofit organization provides a range of recreational and social activities, ensuring a vibrant community life. They also administer common services and maintain shared facilities to ensure the community's upkeep. The primary mission of Lake Arrowhead Community Inc is to foster recreational, athletic, and various activities for members and their families. They are also responsible for managing, maintaining, protecting, and preserving the community and its properties. The organization operates with a team of 24 dedicated individuals, working towards the betterment of the Lake Arrowhead community.
Official website here: www.lacinc.org
Is Lake Arrowhead Community Inc legitimate?
Lake Arrowhead Community Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Lake Arrowhead Community Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $82,828
Professional Fundraising Fees: $0
Other Salaries and Wages: $510,045
For more financial information, click here
Official website here: www.lacinc.org
What is the mission statement of Lake Arrowhead Community Inc?
Lake Arrowhead Community Inc, serving as a homeowners' association, has a mission to promote and encourage recreational, athletic, and various activities for its members and their families. The organization's primary goal is to manage, maintain, protect, and preserve the community and its properties and facilities. Additionally, Lake Arrowhead Community Inc is responsible for operating and maintaining, or ensuring the operation and maintenance of, any common areas or facilities held by the community for the benefit of its members.
Official website here: www.lacinc.org
What is the revenue of Lake Arrowhead Community Inc?
Lake Arrowhead Community Inc's revenue in 2024 was $2,268,170.
Official website here: www.lacinc.org
Who are the executives of Lake Arrowhead Community Inc and what are their salaries?
The average compensation at Lake Arrowhead Community Inc during 2024 was $25,777. There are 23 employees and 9 volunteers at Lake Arrowhead Community Inc.
Here are 10 key members and their salaries:
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- Compensation: $72,136
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- Other: $10,692
Official website here: www.lacinc.org
Where can I find the form 990 for Lake Arrowhead Community Inc?
Lake Arrowhead Community Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.lacinc.org
Learn more at the official website: www.lacinc.org
Mission Statement of Lake Arrowhead Community Inc
Lake Arrowhead Community Inc, as a homeowners' association, is committed to promoting and fostering recreational, athletic, and various activities for its members and their families. The organization's primary mission is to manage, maintain, protect, and preserve the community and its properties and facilities. Lake Arrowhead Community Inc also ensures the operation and maintenance, or provides for the operation and maintenance, of any common areas or facilities that benefit its members. By doing so, the community aims to enrich the lifestyle of its members and create a harmonious living environment.
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Impact
October, 2024
Lake Arrowhead Community Inc significantly enhances the quality of life for its members in North Waterboro, ME, by creating a well-maintained and welcoming environment. Through effective management and maintenance of common areas and facilities, the community ensures that members have access to well-kept recreational spaces. This fosters a sense of camaraderie and belonging.
Additionally, the organization promotes a variety of recreational and social activities, enriching community life and providing opportunities for families to engage in sports and social events. By prioritizing the protection and preservation of common properties, Lake Arrowhead Community Inc not only safeguards the community’s assets but also contributes to the overall aesthetic and functional value of the area. The collective effort to manage shared resources not only benefits individual members but also cultivates a cohesive and vibrant community spirit.
This information is meant to be a general summary of Lake Arrowhead Community Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $15,532
- Program Service Revenue: $2,227,579
- Gross Receipts: $2,268,170
Assets and Liabilities:
- Total Assets: $3,410,561
- Total Liabilities: $514,721
- Net Assets: $2,895,840
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$1,821,109
NEW BUILDING FEES
Revenue
$313,955
MEMBER REVENUE
Revenue
$92,515
Organization Details
Founding Year
1975
Principal Officer
Sanfason Dave
Website
www.lacinc.orgNTEE Category
Code: L50 - Housing
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