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Nonprofit · EIN 16-1492087

LAKE AREA DEVELOPMENT CORPORATION

Tax-exempt · GENEVA, NY 14456

Financials

$1.4M$263K2023
Revenue Expenses · by fiscal year end
Financials of LAKE AREA DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990$1,415,045$262,543$1,152,502$2,621,654$1,919,207$702,447
Financial details: 990 for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$8,975
of which government grants
$8,975
Program service revenue
$210,379
Investment income
$10
Other revenue
$1,195,681

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$62,973
Salaries, compensation and benefits (total)
$62,973
Professional fundraising fees
$0
Legal fees
$23,685
Accounting fees
$4,200
Occupancy
$13,300
Depreciation
$49,022
Program services (functional)
$135,885
Management and general (functional)
$126,658

Balance sheet and other

Total assets, start of year
$2,717,301
Total assets, end of year
$2,621,654
Total liabilities, end of year
$1,919,207
Net assets, end of year
$702,447
Land, buildings and equipment
$1,299,865
Net assets without donor restrictions
$702,447
Gross receipts
$1,415,045
Employees
0
Volunteers
0
Year formed
1995
State of legal domicile
NY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2023, highest compensation first.

NameTitleHours / weekCompensation
DOMINICK VEDORAPRESIDENT
Trustee or director, Officer
2$0
PHIL BECKLEYVICE PRESIDENT
Trustee or director, Officer
2$0
JOHN PARROTT JRSECRETARY
Trustee or director, Officer
2$0
JIM VEDORATREASURER
Trustee or director, Officer
2$0
ROBERT P DOEBLINC.E.O.
Officer
2$0

Address and contacts

Address (IRS master file)
PO BOX 153, GENEVA, NY 14456-0153
In care of
% GENEVA HOUSING AUTHORITY
Principal officer (990 for 2023)
ROBERT P DOEBLIN, PO BOX 153, GENEVA, NY 14456
Signed the 990
ROBERT P DOEBLIN, CHIEF EXECUTIVE OFFICER
Phone
(315) 789-8010
Return prepared by
EFPR GROUP CPAS PLLC

Mission

LOW-INCOME HOUSING

990 for the year ended December 31, 2023

Program accomplishments

  • THE ORGANIZATION DEVELOPS AND OPERATES LOW-INCOME HOUSING FOR THE BENEFIT OF LOW AND MODERATE INCOME ELDERLY AND HANDICAPPED TENANTS IN A 50-UNIT APARTMENT COMPLEX IN GENEVA, NEW YORK.
    Expenses $135,885 · revenue $200,779

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025Not on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
16-1492087
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1996
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,621,654
Income (IRS master file)
$1,415,045

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2023$1,415,045$262,543$2,621,654XML
990December 2022$606,368$568,823$2,717,301IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 16-1492087).

Questions about LAKE AREA DEVELOPMENT CORPORATION

What is the EIN of LAKE AREA DEVELOPMENT CORPORATION?
The employer identification number (EIN) of LAKE AREA DEVELOPMENT CORPORATION is 16-1492087.
Is LAKE AREA DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
Are donations to LAKE AREA DEVELOPMENT CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LAKE AREA DEVELOPMENT CORPORATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of LAKE AREA DEVELOPMENT CORPORATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LAKE AREA DEVELOPMENT CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2023.
Who is the principal officer of LAKE AREA DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2023 names ROBERT P DOEBLIN.
Who are the officers and directors of LAKE AREA DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2023 lists 5 people; 0 received compensation from the organization.
How much revenue does LAKE AREA DEVELOPMENT CORPORATION have?
On its 990 for the year ended December 31, 2023 it reported revenue of $1,415,045, expenses of $262,543 and total assets of $2,621,654 at year end.

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