Shongum Lake Property Owners Association

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 221683315 ✦ Totowa, NJ ✦ Designated as a 501(c)(7)

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Overview

What is Shongum Lake Property Owners Association?

The Shongum Lake Property Owners Association is a community-oriented nonprofit organization situated in Mount Freedom, New Jersey. This association upholds its purpose by maintaining a clubhouse, beach, and lake, providing its members with a range of recreational, pleasure, and social opportunities. By offering these facilities, the organization fosters a sense of community among its members, allowing them to enjoy the lake together.


Official website here: www.shongumlake.org

Is Shongum Lake Property Owners Association legitimate?

Shongum Lake Property Owners Association is a legitimate nonprofit organization registered as a 501(c)(7) entity. Shongum Lake Property Owners Association 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $128,131

For more financial information, click here


Official website here: www.shongumlake.org

What is the mission statement of Shongum Lake Property Owners Association?

The Shongum Lake Property Owners Association's mission, as per its description, involves maintaining a clubhouse, beach, and lake for the benefit of its members. This organization provides a platform for its members to enjoy recreational, pleasure, and social activities. By doing so, it serves to offer a space for its members to interact and engage in leisure activities. While the mission statement is straightforward, it essentially aims to cater to the recreational needs of its members.


Official website here: www.shongumlake.org

Who is the CEO of Shongum Lake Property Owners Association?

Tom Tatem is the Council Member-President of Shongum Lake Property Owners Association.


Official website here: www.shongumlake.org

What is the revenue of Shongum Lake Property Owners Association?

Shongum Lake Property Owners Association's revenue in 2023 was $512,398.


Official website here: www.shongumlake.org

Who are the executives of Shongum Lake Property Owners Association and what are their salaries?

The average compensation at Shongum Lake Property Owners Association during 2023 was $2,464. There are 52 employees and 10 volunteers at Shongum Lake Property Owners Association.


Here are 7 key members and their salaries:


Tom Tatem (Council Member-President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Colucci (Council Member-Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dick Pavely (Council Member-Facilities)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adam Alexander (Council Member-Membership)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lori Branigan (Council Member- Events)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dawn Melody (Council Member-Recreation)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julie Finco (Council Member-Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.shongumlake.org

Where can I find the form 990 for Shongum Lake Property Owners Association?

Shongum Lake Property Owners Association's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.shongumlake.org

Learn more at the official website: www.shongumlake.org

Mission Statement of Shongum Lake Property Owners Association

The Shongum Lake Property Owners Association is dedicated to maintaining a clubhouse, beach, and lake for the enjoyment and use of its members. This nonprofit organization provides its members with a variety of recreational, pleasurable, and social opportunities. By managing these facilities, the association aims to enhance the overall experience of its members and foster a sense of community. The Shongum Lake Property Owners Association is committed to upholding this mission, offering its members a relaxing and enjoyable environment where they can unwind and engage with one another.

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Impact




October, 2024

The Shongum Lake Property Owners Association plays a vital role in enhancing the quality of life for its members by providing recreational, social, and leisure opportunities at its clubhouse, beach, and lake. Located in Totowa, NJ, the association fosters a sense of community among residents, creating a welcoming environment for gatherings, events, and recreational activities.

By maintaining these facilities, the association not only promotes outdoor recreation but also encourages social interaction among members, which helps strengthen neighborhood bonds. Access to the beach and lake offers recreational activities such as swimming, fishing, and boating, enriching the local lifestyle and enhancing the overall enjoyment of living in the area.

Moreover, the association is dedicated to ensuring a safe and well-maintained environment for all its members, which contributes to the overall appeal of the community. Through its organized activities and facilities, the Shongum Lake Property Owners Association significantly impacts the well-being and satisfaction of its members, while also playing a key role in the local community's character and cohesion.




This information is meant to be a general summary of Shongum Lake Property Owners Association. 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.

Revenue
$512,398 (2023)
Expenses
$747,165 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $206
  • Program Service Revenue: $512,192
  • Gross Receipts: $515,548

Assets and Liabilities:

  • Total Assets: $590,226
  • Total Liabilities: $295,113
  • Net Assets: $295,113

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

DUES AND ASSESSMENTS

Revenue

$512,192

Organization Details

Founding Year

1970

Principal Officer

Tom Tatem

Main Address

C/O DELEV MANAGEMENT PO BOX 145, TOTOWA, NJ, 07511

NTEE Category

Code: L50 - Housing

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