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Nonprofit · EIN 23-7198365

LAKE CITY RETIREMENT HOUSING INC

Tax-exempt · ALGONA, IA 50511

Financials

$140K$121K2023$134K$158K2024$148K$175K2025
Revenue Expenses · by fiscal year end
Financials of LAKE CITY RETIREMENT HOUSING INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-EZ$147,914$174,661-$26,747$95,904$97,909-$2,005
December 31, 2024990-EZ$133,782$158,443-$24,661$126,091$101,349$24,742
December 31, 2023990-EZ$140,038$121,300$18,738$156,237$106,834$49,403
Financial details: 990-EZ for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Membership dues
$6
Program service revenue
$145,525
Investment income
$0
Other revenue
$2,383

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$10,924
Professional fees and payments to contractors
$18,000
Occupancy
$129,617
Other expenses
$16,120
Program services (functional)
$174,661

Balance sheet and other

Total assets, start of year
$126,091
Total assets, end of year
$95,904
Total liabilities, end of year
$97,909
Net assets, end of year
-$2,005
Cash, savings and investments
$23,691
Land and buildings
$72,213
Gross receipts
$147,914

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-EZ for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
Gary FahanPresident0$0
Jeanne DevineVice President0$0
Elaine LietzSecretary/Treasurer0$0
990-EZ for the year ended December 31, 2024: 3 people
NameTitleHours / weekCompensation
Gary FahanPresident0$0
JoAnn SamuelsonVice President0$0
Elaine LietzSecretary/Treasurer0$0
990-EZ for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
Gary FahanPresident0$0
John SamuelsonVice President0$0
Elaine LietzSecretary/Treasurer0$0

Address and contacts

Address (IRS master file)
PO BOX 476, ALGONA, IA 50511-0476
Signed the 990-EZ
Gary Fahan, President
Phone
(515) 295-2927
Return prepared by
Murphy Enterprises Inc

Mission

To provide low rent housing in Lake City, Iowa.

990-EZ for the year ended December 31, 2025

Program accomplishments

  • To provide low rent housing for the elderly, disabled, and families in Lake City.
    Expenses $174,661

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, 2026990-EZ on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

File the 2026 990-EZ for LAKE CITY RETIREMENT HOUSING INC

Due May 17, 2027 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
23-7198365
Tax-exempt status
501(c)(4): Social welfare organization
Donations deductible
No
Exempt since
1973
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$95,904
Income (IRS master file)
$147,914

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2025$147,914$174,661$95,904IRS
990-EZDecember 2024$133,782$158,443$126,091IRS
990-EZDecember 2023$140,038$121,300$156,237XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––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 23-7198365).

Questions about LAKE CITY RETIREMENT HOUSING INC

What is the EIN of LAKE CITY RETIREMENT HOUSING INC?
The employer identification number (EIN) of LAKE CITY RETIREMENT HOUSING INC is 23-7198365.
Is LAKE CITY RETIREMENT HOUSING INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1973.
Are donations to LAKE CITY RETIREMENT HOUSING INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does LAKE CITY RETIREMENT HOUSING 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 CITY RETIREMENT HOUSING 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 CITY RETIREMENT HOUSING INC last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
Who are the officers and directors of LAKE CITY RETIREMENT HOUSING INC?
The 990-EZ for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
How much revenue does LAKE CITY RETIREMENT HOUSING INC have?
On its 990-EZ for the year ended December 31, 2025 it reported revenue of $147,914, expenses of $174,661 and total assets of $95,904 at year end.

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