Nonprofit · EIN 34-1343665
LAKES SENIOR HOUSING INC
Tax-exempt · AKRON, OH 44303
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $746,545 | $648,454 | $98,091 | $851,845 | $1,577,245 | -$725,400 |
| June 30, 2024 | 990 | $732,995 | $646,302 | $86,693 | $808,003 | $1,631,494 | -$823,491 |
| June 30, 2023 | 990 | $660,390 | $643,346 | $17,044 | $755,819 | $1,666,003 | -$910,184 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $745,076
- Investment income
- $312
- Other revenue
- $1,157
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $15
- Accounting fees
- $14,405
- Occupancy
- $194,440
- Travel
- $946
- Depreciation
- $17,196
- Program services (functional)
- $614,538
- Management and general (functional)
- $33,916
Balance sheet and other
- Total assets, start of year
- $808,003
- Total assets, end of year
- $851,845
- Total liabilities, end of year
- $1,577,245
- Net assets, end of year
- -$725,400
- Land, buildings and equipment
- $285,395
- Net assets without donor restrictions
- -$725,400
- Gross receipts
- $746,545
- Employees
- 0
- Volunteers
- 11
- Year formed
- 1979
- State of legal domicile
- OH
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES DAVIS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| CHARLES SEELEY | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| SUSAN J FASSOLES | SECRETARY Trustee or director, Officer | 1 | $0 |
| THOMAS E BURGE | TREASURER Trustee or director, Officer | 1 | $0 |
| ALFRED GRZESCHIK | TRUSTEE Trustee or director | 1 | $0 |
| JOHN P SCHERMESSER | TRUSTEE Trustee or director | 1 | $0 |
| VICKI KEPNES | TRUSTEE Trustee or director | 1 | $0 |
| STEVE HESS | TRUSTEE Trustee or director | 1 | $0 |
| JON VIELHABER | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THURMAN COLE III | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| THOMAS E BURGE | TREASURER Trustee or director, Officer | 1 | $0 |
| SUSAN J FASSOLES | SECRETARY Trustee or director, Officer | 1 | $0 |
| JAMES DAVIS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| ALFRED GRZESCHIK | TRUSTEE Trustee or director | 1 | $0 |
| JOHN P SCHERMESSER | TRUSTEE Trustee or director | 1 | $0 |
| VICKI KEPNES | TRUSTEE Trustee or director | 1 | $0 |
| CHARLES SEELEY | TRUSTEE Trustee or director | 1 | $0 |
| TIMOTHY PETERSON | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THURMAN COLE III | PRESIDENT Trustee or director, Officer | 1 | $0 |
| THOMAS E BURGE | TREASURER Trustee or director, Officer | 1 | $0 |
| SUSAN J FASSOLES | SECRETARY Trustee or director, Officer | 1 | $0 |
| JAMES DAVIS | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| ALFRED GRZESCHIK | TRUSTEE Trustee or director | 1 | $0 |
| JOHN P SCHERMESSER | TRUSTEE Trustee or director | 1 | $0 |
| VICKI KEPNES | TRUSTEE Trustee or director | 1 | $0 |
| CHARLES SEELEY | TRUSTEE Trustee or director | 1 | $0 |
| TIMOTHY PETERSON | TRUSTEE Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 730 W MARKET ST, AKRON, OH 44303-1049
- In care of
- % EDWARD GASKILL-TRUSTEE
- Principal officer (990 for 2024)
- JAMES DAVIS, 730 WEST MARKET STREET, AKRON, OH 44303
- Signed the 990
- JAMES DAVIS, PRESIDENT
- Phone
- (330) 762-4011
- Return prepared by
- EIDE BAILLY LLP
Mission
LOW-INCOME HOUSING FOR ELDERLY AND HANDICAPPED PERSONS
Program accomplishments
- THE ORGANIZATION OPERATES LOW-INCOME HOUSING FOR ELDERLY AND HANDICAPPED PERSONS. THE FACILITY CONSISTS OF 45 UNITS AND IS REGULATED BY HUD.Expenses $614,538 · revenue $745,076
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 34-1343665
- 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
- 1981
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L22Z)
- Assets (IRS master file)
- $851,845
- Income (IRS master file)
- $746,545
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $746,545 | $648,454 | $851,845 | IRS |
| 990 | June 2024 | $732,995 | $646,302 | $808,003 | IRS |
| 990 | June 2023 | $660,390 | $643,346 | $755,819 | XML |
| 990 | June 2022 | $687,007 | $648,221 | $858,663 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 34-1343665).
Questions about LAKES SENIOR HOUSING INC
- What is the EIN of LAKES SENIOR HOUSING INC?
- The employer identification number (EIN) of LAKES SENIOR HOUSING INC is 34-1343665.
- Is LAKES SENIOR HOUSING INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1981.
- Are donations to LAKES SENIOR HOUSING INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LAKES SENIOR 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 LAKES SENIOR HOUSING INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAKES SENIOR HOUSING INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of LAKES SENIOR HOUSING INC?
- The 990 for the year ended June 30, 2025 names JAMES DAVIS.
- Who are the officers and directors of LAKES SENIOR HOUSING INC?
- The 990 for the year ended June 30, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does LAKES SENIOR HOUSING INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $746,545, expenses of $648,454 and total assets of $851,845 at year end.
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