Lake Forest Property Owners' Association

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

EIN: 630787921 ✦ Daphne, AL ✦ Designated as a 501(c)(7)

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Overview

What is Lake Forest Property Owners' Association?

Lake Forest Property Owners' Association is a nonprofit organization located in Daphne, Alabama, specifically at 1 Golf Terrace, with a total of 107 employees. Its primary mission is dedicated to improving and contributing to the civic betterment of the Lake Forest Development in Baldwin County, Alabama. This commitment involves various initiatives aimed at enhancing the community, with details not provided in the information array. The Association operates as a nonprofit, focusing its efforts on the betterment of the Lake Forest area, making it a vital part of the local community.


Official website here: www.lakeforestdaphne.com

Is Lake Forest Property Owners' Association legitimate?

Lake Forest Property Owners' Association is a legitimate nonprofit organization registered as a 501(c)(7) entity. Lake Forest 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: $1,017,615

For more financial information, click here


Official website here: www.lakeforestdaphne.com

What is the mission statement of Lake Forest Property Owners' Association?

The Lake Forest Property Owners' Association is dedicated to enhancing and promoting the well-being of the Lake Forest development. Their primary objective is to contribute to its civic improvement. By devoting their efforts to this cause, they aim to foster a better community within Baldwin County, Alabama. Their activities are geared towards achieving this goal, working towards the betterment of the development as a whole.


Official website here: www.lakeforestdaphne.com

Who is the CEO of Lake Forest Property Owners' Association?

Gary Gray is the President/Tr of Lake Forest Property Owners' Association.


Official website here: www.lakeforestdaphne.com

What is the revenue of Lake Forest Property Owners' Association?

Lake Forest Property Owners' Association's revenue in 2022 was $3,490,751.


Official website here: www.lakeforestdaphne.com

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

The average compensation at Lake Forest Property Owners' Association during 2022 was $9,510. There are 107 employees at Lake Forest Property Owners' Association.


Here are 6 key members and their salaries:


Gary Gray (President/Tr)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Lake (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Davida Williams (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Dueitt (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Victoria Phelps (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Laws (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.lakeforestdaphne.com

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

Lake Forest Property Owners' Association's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.lakeforestdaphne.com

Learn more at the official website: www.lakeforestdaphne.com

Mission Statement of Lake Forest Property Owners' Association

Lake Forest Property Owners' Association, a notable organization, is dedicated to enhancing and improving the quality of life within the Lake Forest Development in Baldwin County, Alabama. Their primary mission is to foster civic betterment within this community, working tirelessly to ensure its well-being and success. This nonprofit organization is committed to making a positive impact on the Lake Forest Development, striving for continuous improvement and growth.

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Impact




October, 2024

The Lake Forest Property Owners' Association plays a significant role in enhancing the quality of life within the Lake Forest development in Baldwin County, Alabama. By focusing on civic betterment and community improvement, the Association fosters a welcoming and well-maintained environment for residents. Its initiatives likely include organizing community events, promoting neighborhood safety, and ensuring that common areas are kept in good condition.

Through these efforts, the Association contributes to a stronger sense of community among residents, encouraging engagement and collaboration on local issues. This not only enhances property values but also creates a more attractive living space for families and individuals looking to settle in the area. Overall, the Lake Forest Property Owners' Association acts as a vital force for positive change and development within the Lake Forest community.




This information is meant to be a general summary of Lake Forest 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
$3,490,751 (2022)
Expenses
$3,399,670 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $6,441
  • Program Service Revenue: $2,850,314
  • Gross Receipts: $3,881,143

Assets and Liabilities:

  • Total Assets: $5,576,238
  • Total Liabilities: $1,154,661
  • Net Assets: $4,421,577

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Programs

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

MEMBER DUES

Revenue

$2,323,656

TRANSFER FEES

Revenue

$127,385

GOLF GREEN FEES

Revenue

$118,785

NON-MEMBER GOLF GREEN FEES

Revenue

$89,287

LATE CHARGES

Revenue

$71,813

Organization Details

Founding Year

1971

Principal Officer

Gary Gray

Main Address

1 GOLF TERRACE, DAPHNE, AL, 36526

NTEE Category

Code: L50 - Housing

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