Overview
What is Lake Lorraine Property Owners Association?
Lake Lorraine Property Owners Association is a community-focused organization located in Hillsboro, Missouri. The association serves as a collective body for property owners or tenants, with its primary purpose being to collect assessments from its members. These funds are then utilized for maintaining shared facilities such as common grounds, roads, and the Lake area, ensuring the overall upkeep and enhancement of the community. The association plays a significant role in preserving and enhancing the living environment for its members.
Is Lake Lorraine Property Owners Association legitimate?
Lake Lorraine Property Owners Association is a legitimate nonprofit organization registered as a 501(c)(7) entity. Lake Lorraine Property Owners Association submitted a form 990EZ, 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: $0
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What is the mission statement of Lake Lorraine Property Owners Association?
The Lake Lorraine Property Owners Association serves as a homeowner or tenant association with a primary mission. This mission involves collecting assessments from property owners to ensure the upkeep and maintenance of common grounds, roads, and the lake area. The association's primary role is to maintain these communal spaces, thereby enhancing the living experience of its members.
What is the revenue of Lake Lorraine Property Owners Association?
Lake Lorraine Property Owners Association's revenue in 2024 was $41,716.
Who are the executives of Lake Lorraine Property Owners Association and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990EZ for Lake Lorraine Property Owners Association?
Lake Lorraine Property Owners Association's most recent form 990EZ was submitted in 2024 and can be accessed here.
Mission Statement of Lake Lorraine Property Owners Association
Lake Lorraine Property Owners Association, a homeowner or tenant association, is dedicated to fulfilling its mission. This mission revolves around the collection of assessments from property owners. The primary purpose of these payments is to ensure the upkeep and maintenance of common grounds, roads, and the Lake area. By leveraging these funds, the association aims to maintain the shared spaces and infrastructure to the benefit of all associated property owners.
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Impact
October, 2024
The Lake Lorraine Property Owners Association plays a vital role in maintaining and enhancing the quality of life for residents in Hillsboro, MO. By collecting assessments from property owners, the association is able to fund essential services that ensure the upkeep of common areas, roads, and the lake. This maintenance not only preserves the aesthetic appeal of the community but also promotes safety and accessibility for all residents. Through these efforts, the association fosters a sense of community, encourages responsible property management, and contributes to the overall property values within the area. In essence, the Lake Lorraine Property Owners Association is instrumental in creating a well-maintained and vibrant living environment for its members.
This information is meant to be a general summary of Lake Lorraine 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Gross Receipts: $41,716
Assets and Liabilities:
- Total Assets: $54,936
- Total Liabilities: $0
- Net Assets: $54,936
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Organization Details
Principal Officer
Michael Noakes
NTEE Category
Code: L50 - Housing
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