Nonprofit · EIN 14-1805657
LAKE FOREST SENIOR LIVING COMMUNITY INC
Tax-exempt · PLATTSBURGH, NY 12903
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,542,333 | $2,040,613 | $501,720 | $11,359,616 | $7,133,766 | $4,225,850 |
| December 31, 2024 | 990 | $2,546,499 | $1,986,415 | $560,084 | $11,451,158 | $7,804,937 | $3,646,221 |
| December 31, 2023 | 990 | $2,486,881 | $2,052,117 | $434,764 | $11,204,933 | $8,103,505 | $3,101,428 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $9,690
- Program service revenue
- $2,303,370
- Investment income
- $203,612
- Other revenue
- $25,661
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $122,823
- Other salaries and wages
- $511,539
- Salaries, compensation and benefits (total)
- $699,083
- Professional fundraising fees
- $0
- Accounting fees
- $52,447
- Occupancy
- $598,956
- Travel
- $1,742
- Depreciation
- $314,878
- Program services (functional)
- $1,800,579
- Management and general (functional)
- $240,034
Balance sheet and other
- Total assets, start of year
- $11,451,158
- Total assets, end of year
- $11,359,616
- Total liabilities, end of year
- $7,133,766
- Net assets, end of year
- $4,225,850
- Land, buildings and equipment
- $6,549,195
- Publicly traded securities
- $2,749,916
- Net assets without donor restrictions
- $4,015,068
- Net assets with donor restrictions
- $210,782
- Gross receipts
- $2,542,333
- Employees
- 28
- Year formed
- 1998
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BRIAN MINCHOFF | Executive Dir. Officer | 40 | $97,126 | $25,697 |
| MARIA ALEXANDER | Director Trustee or director | 1 | $0 | $0 |
| JARED BURNS | Director Trustee or director | 2 | $0 | $0 |
| RYLEE FESETTE | Director Trustee or director | 1 | $0 | $0 |
| MICHAEL MCCORMICK | Director Trustee or director | 1 | $0 | $0 |
| RICHARD LARCHE | Director Trustee or director | 1 | $0 | $0 |
| MAUREEN RYAN | Director Trustee or director | 1 | $0 | $0 |
| DEBORAH SHERMAN | Director Trustee or director | 1 | $0 | $0 |
| LAUREN TYLER | Treasurer Officer | 2 | $0 | $0 |
| DANA JEWELER | Secretary Officer | 2 | $0 | $0 |
| CATHERINE KELLEHER | Director Officer | 1 | $0 | $0 |
| PETER STONE | President Officer | 2 | $0 | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BRIAN MINCHOFF | EXECUTIVE DI Officer | 40 | $102,079 | $23,464 |
| MARIA ALEXANDER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LAUREN AVERY | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| JARED BURNS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DAVE COLLIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BETH DAVIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANA JEWELER | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| CATHERINE KELEHER | VICE PRESIDE Trustee or director, Officer | 1 | $0 | $0 |
| JACQUELINE KELLEHER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RICHARD LARCHE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MAUREEN RYAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEBORAH SHERMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PETER STONE | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BRIAN MINCHOFF | EXECUTIVE DI Officer | 40 | $94,316 | $18,906 |
| MARIA ALEXANDER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN BEAUVAIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JARED BURNS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DAVE COLLIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JARED CROY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BETH DAVIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANA JEWELER | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| CATHERINE KELEHER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JACQUELINE KELLEHER | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| RICHARD LARCHE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MAUREEN RYAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DEBORAH SHERMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PETER STONE | VICE PRESIDE Trustee or director, Officer | 2 | $0 | $0 |
| LAUREN TYLER | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 8 LAKE FOREST DRIVE, PLATTSBURGH, NY 12903-3963
- Principal officer (990 for 2025)
- BRIAN MINCHOFF, 8 LAKE FOREST DRIVE, PLATTSBURGH, NY 12903
- Signed the 990
- BRIAN MINCHOFF, Executive Dir.
- Phone
- (518) 561-6431
- Website
- www.onlakeforest.org
- Return prepared by
- Martindale Keysor & Co PLLC
Mission
LAKE FOREST IS A NON-PROFIT RETIREMENT COMMUNITY SOLELY DEDICATED TO SERVING SENIORS AGED 68 AND OVER. EMPHASIS IS PLEDGED ON HIGH QUALITY INDEPENDENT LIVING, COMBINED WITH EXCEPTIONAL SERVICES THAT FOCUS ON THE INDIVIDUALIZED NEEDS OF RESIDENTS. EMPHASIS IS DIRECTED TOWARD HEALTHY AGING AND OPPORTUNITIES TO ENGAGE IN MEANINGFULACTIVITIES AND RELATIONSHIPS. THERE IS A COMMITMENT TO PROMOTING A TRUSTING, RESPECTFUL, AND DIGNIFIED ENVIRONMENT. THESE QUALITIES ARE EMBEDDED IN THE MILIEU OF AN AFFORDABLE, NON-SUBSIDIZED HOUSING COMMUNITY.FORM 990, PART III, LINE 4 - FIRST ACCOMPLISHMENTLAKE FOREST IS PERCHED ON A 24-ACRE PARCEL ENCOMPASSING A 44-UNIT APARTMENT-STYLE SECURED BUILDING AND 28 TOWN-STYLE DUPLEXES OVERLOOKING BEAUTIFUL LAKE CHAMPLAIN. LAKE FOREST IS NESTLED IN THE ADIRONDACK MOUNTAINS, JUST ACCROSS THE LAKE FROM BURLINGTON, VERMONT, AND ABOUT ONE HOUR NORTH OF THE OLYMPIC VILLAGE OF LAKE PLACID. HIKING, BOATING, SKIING, GOLFING, FISHING, AND SWIMMING ARE JUST A FEW OF THE OUTDO
Program accomplishments
- IN 2025, LAKE FOREST SERVED 109 INDIVIDUALS. MANY RESIDENTS WERE ALREADY FAMILIAR WITH LAKE FOREST BEFORE JOINING THE WAIT LIST. THE AVERAGE AGE OF RESIDENTS IN APARTMENTS WAS 85 YEARS OLD. THE AVERAGE AGE OF RESIDENTS IN TOWN STYLE HOMES WAS 78 YEARS OLD.RESIDENTS HAIL FROM VARIOUS PARTS OF THE UNITED STATES AND CANADA. WHILE SOME CHOOSE LAKE FOREST TO BE CLOSER TO FAMILYAND FRIENDS, OTHERS ARE DRAWN TO THE TRANQUILITY OF THE ADIRONDACK REGION OF UPSTATE NEW YORK, RENOWNED FOR ITS NATURAL BEAUTY. REGARDLESS OF THEIR REASONS, ALL RESIDENTS SHARE A COMMON INTEREST IN DOWNSIZING, ENRICHING THEIR SOCIAL EXPERIENCES, ENJOYING A CAREFREE LIFE STYLE, AND RECEIVING SUPPORT TO MAINTAIN THEIR INDEPENDENCE.TURNOVERS ARE HANDLED SMOOTHLY AND SWIFTLY. WE EXCEL IN COMMUNICATION WITH PROSPECTIVE RESIDENTS THROUGH ROUTINE COMMUNICATION DURING THE MOVE-IN PROCESS. WE OFFER SEVERAL WRITTEN HANDOUTS TO EDUCATE NEW RESIDENTS AND PROVIDE A REMARKABLE ORIENTATION AT THE TIME OF OCCUPANCY. LAKE FOREST MANAGED A LESS THAN 2% VACANCY RATE IN 2025.Expenses $1,800,579 · revenue $2,303,760
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 14-1805657
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1998
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L22)
- Assets (IRS master file)
- $11,359,616
- Income (IRS master file)
- $2,542,333
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,542,333 | $2,040,613 | $11,359,616 | XML |
| 990 | December 2024 | $2,546,499 | $1,986,415 | $11,451,158 | XML |
| 990 | December 2023 | $2,486,881 | $2,052,117 | $11,204,933 | XML |
| 990 | December 2022 | $2,294,393 | $2,027,138 | $11,459,321 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 14-1805657).
Questions about LAKE FOREST SENIOR LIVING COMMUNITY INC
- What is the EIN of LAKE FOREST SENIOR LIVING COMMUNITY INC?
- The employer identification number (EIN) of LAKE FOREST SENIOR LIVING COMMUNITY INC is 14-1805657.
- Is LAKE FOREST SENIOR LIVING COMMUNITY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to LAKE FOREST SENIOR LIVING COMMUNITY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LAKE FOREST SENIOR LIVING COMMUNITY INC 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 FOREST SENIOR LIVING COMMUNITY INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAKE FOREST SENIOR LIVING COMMUNITY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of LAKE FOREST SENIOR LIVING COMMUNITY INC?
- The 990 for the year ended December 31, 2025 names BRIAN MINCHOFF.
- Who are the officers and directors of LAKE FOREST SENIOR LIVING COMMUNITY INC?
- The 990 for the year ended December 31, 2025 lists 12 people; 1 received compensation from the organization, the highest $97,126 (BRIAN MINCHOFF, Executive Dir.).
- How much revenue does LAKE FOREST SENIOR LIVING COMMUNITY INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,542,333, expenses of $2,040,613 and total assets of $11,359,616 at year end.
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