Overview
What is Lakewood Forest Fund Inc?
Lakewood Forest Fund Inc is a nonprofit organization situated in Cypress, Texas. With three employees, its primary role involves managing and maintaining common areas within the community, such as parks, entrances, and esplanades. This includes providing essential services like street lights, water for lakes and irrigation, insurance, and sanitation. The organization collects annual maintenance charges and interest from residential property owners to fund these operations and enforce covenants, restrictions, and liens. The primary objective is to ensure the safety and welfare of the residents, visitors, and the entire community.
Is Lakewood Forest Fund Inc legitimate?
Lakewood Forest Fund Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Lakewood Forest Fund 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:
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What is the mission statement of Lakewood Forest Fund Inc?
Lakewood Forest Fund Inc's primary role is to collect annual maintenance charges and interest from residential property owners. This revenue is utilized to fund the operations, management, and maintenance of facilities and services within the community. Additionally, the organization enforces covenants, restrictions, and liens to ensure adherence to the agreed-upon rules. The Association is responsible for maintaining common areas, such as parks, entrances, and esplanades, to ensure the safety and welfare of the residents, visitors, and the entire community. Furthermore, it provides essential services like street lights, lake and irrigation water, insurance, and sanitation.
What is the revenue of Lakewood Forest Fund Inc?
Lakewood Forest Fund Inc's revenue in 2023 was $1,927,893.
Who are the executives of Lakewood Forest Fund Inc and what are their salaries?
The average compensation at Lakewood Forest Fund Inc during 2023 was $38,422. There 5 volunteers at Lakewood Forest Fund Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Lakewood Forest Fund Inc?
Lakewood Forest Fund Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Lakewood Forest Fund Inc
Lakewood Forest Fund Inc, as a nonprofit organization, collects annual maintenance charges and interest from residential property owners with the mission to fund and manage the operations, maintenance of facilities, and enforcement of covenants, restrictions, and liens. In essence, its role is to ensure the smooth functioning of the community by providing essential services such as maintaining common areas, supplying street lights, lake and irrigation water, insurance, and sanitation services. By doing so, Lakewood Forest Fund Inc aims to ensure the safety and welfare of the residents, visitors, and the entire community.
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Impact
October, 2024
Lakewood Forest Fund Inc plays a crucial role in enhancing the quality of life for residents in Cypress, Texas, by managing and maintaining essential community facilities and services. By collecting annual maintenance charges and interest from residential property owners, the organization ensures that common areas such as parks, entrances, and esplanades are well-kept and accessible.
The Fund is responsible for providing vital services including street lighting, lake and irrigation water, insurance, and sanitation, which contribute to the safety and welfare of the community. Furthermore, by enforcing covenants, restrictions, and liens, Lakewood Forest Fund Inc helps to maintain property values and uphold the aesthetic standards of the neighborhood. This comprehensive approach to community management fosters a safe and welcoming environment for residents and visitors alike, significantly impacting the overall well-being of the Lakewood Forest community.
This information is meant to be a general summary of Lakewood Forest Fund 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 2023.
- Investment Income: $19,848
- Program Service Revenue: $1,799,930
- Gross Receipts: $1,927,893
Assets and Liabilities:
- Total Assets: $1,954,956
- Total Liabilities: $592,827
- Net Assets: $1,362,129
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Assessments
Revenue
$1,799,930
Organization Details
Founding Year
1972
Principal Officer
Craig Estepp
NTEE Category
Code: L50 - Housing
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