Nonprofit · EIN 36-2645915
LAKE HOLIDAY PROPERTY OWNERS ASSOCIATION INC
Tax-exempt · SOMONAUK, IL 60552
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,392,785 | $2,165,418 | $227,367 | $7,550,873 | $307,353 | $7,243,520 |
| December 31, 2023 | 990 | $2,381,542 | $2,095,008 | $286,534 | $7,260,189 | $244,036 | $7,016,153 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,112,741
- Investment income
- $177,348
- Net rental income
- $21,195
- Net gain from sales of assets
- -$4,489
- Other revenue
- $102,696
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $128,278
- Other salaries and wages
- $628,475
- Salaries, compensation and benefits (total)
- $824,420
- Professional fundraising fees
- $0
- Legal fees
- $2,532
- Accounting fees
- $24,684
- Occupancy
- $457,406
- Travel
- $3,504
- Depreciation
- $398,777
- Program services (functional)
- $1,879,891
- Management and general (functional)
- $285,527
Balance sheet and other
- Total assets, start of year
- $7,260,189
- Total assets, end of year
- $7,550,873
- Total liabilities, end of year
- $307,353
- Net assets, end of year
- $7,243,520
- Land, buildings and equipment
- $2,880,148
- Publicly traded securities
- $779,000
- Net assets without donor restrictions
- $7,243,520
- Gross unrelated business income
- $45,378
- Gross receipts
- $2,397,274
- Employees
- 28
- Volunteers
- 60
- Year formed
- 1965
- State of legal domicile
- IL
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| D JON BOUXSEIN | GENERAL MANAGER Officer | 40 | $120,056 | $3,602 |
| JEFF MARCO | PRESIDENT Trustee or director, Officer | 0.5 | $840 | $0 |
| DEBRA GERDES | VICE PRESIDENT/SECRETARY Trustee or director, Officer | 0.5 | $840 | $0 |
| RAYMOND UZUMECKI | DIRECTOR Trustee or director | 0.5 | $840 | $0 |
| RAY CONLEY | DIRECTOR Trustee or director | 0.5 | $770 | $0 |
| BRYAN NEEDHAM | DIRECTOR Trustee or director | 0.5 | $700 | $0 |
| AHREN LEHNER | DIRECTOR Trustee or director | 0.5 | $455 | $0 |
| JAY WIEGMAN | TREASURER Trustee or director, Officer | 0.5 | $105 | $0 |
| DAN GALARDINI | DIRECTOR Trustee or director | 0.5 | $35 | $0 |
| TRACI KUHN | DIRECTOR Trustee or director | 0.5 | $35 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| D JON BOUXSEIN | GENERAL MANAGER Officer | 40 | $120,610 | $4,506 |
| JEFF MARCO | PRESIDENT Trustee or director, Officer | 0.5 | $805 | $0 |
| DEBRA GERDES | VICE PRESIDENT/SECRETARY Trustee or director, Officer | 0.5 | $805 | $0 |
| BRYAN NEEDHAM | DIRECTOR Trustee or director | 0.5 | $805 | $0 |
| RAYMOND UZUMECKI | DIRECTOR Trustee or director | 0.5 | $700 | $0 |
| JAY WIEGMAN | TREASURER Trustee or director, Officer | 0.5 | $630 | $0 |
| RAY CONLEY | DIRECTOR Trustee or director | 0.5 | $630 | $0 |
| AHREN LEHNER | DIRECTOR Trustee or director | 0.5 | $525 | $0 |
| GREGORY WASSON | DIRECTOR (THRU FEB 2023) Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 283 EASY ST, SOMONAUK, IL 60552-9540
- Principal officer (990 for 2024)
- JEFF MARCO, 283 EASY STREET, SOMONAUK, IL 60552
- Signed the 990
- JEFF MARCO, PRESIDENT
- Phone
- (815) 498-2216
- Website
- LAKEHOLIDAY.NABRNETWORK.COM
- Return prepared by
- WIPFLI LLP
Mission
TO GOVERN THE AFFAIRS OF THE ASSOCIATION IN ACCORDANCE WITH ITS RESTRICTIVE COVENANTS, BY-LAWS, AND RULES AND REGULATIONS, SO AS TO PROTECT AND ENHANCE THE COMMUNITY QUALITY OF LIFE AND PROPERTY VALUES OF COMMON ASSOCIATION ASSETS.
Program accomplishments
- TO OPERATE AND MAINTAIN COMMON AREAS. ALSO, TO PROVIDE SECURITY, REFUSE DISPOSAL AND OTHER SERVICES TO ITS MEMBERS.Expenses $1,879,891 · revenue $2,148,864
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 | Check at the IRS |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 36-2645915
- 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)
- $7,564,304
- Income (IRS master file)
- $2,454,978
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,392,785 | $2,165,418 | $7,550,873 | IRS |
| 990 | December 2023 | $2,381,542 | $2,095,008 | $7,260,189 | XML |
| 990 | December 2022 | $2,209,514 | $2,104,571 | $7,038,249 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 36-2645915).
Questions about LAKE HOLIDAY PROPERTY OWNERS ASSOCIATION INC
- What is the EIN of LAKE HOLIDAY PROPERTY OWNERS ASSOCIATION INC?
- The employer identification number (EIN) of LAKE HOLIDAY PROPERTY OWNERS ASSOCIATION INC is 36-2645915.
- Is LAKE HOLIDAY PROPERTY OWNERS ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1973.
- Are donations to LAKE HOLIDAY PROPERTY OWNERS ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LAKE HOLIDAY PROPERTY OWNERS ASSOCIATION 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 HOLIDAY PROPERTY OWNERS ASSOCIATION 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 HOLIDAY PROPERTY OWNERS ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LAKE HOLIDAY PROPERTY OWNERS ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 names JEFF MARCO.
- Who are the officers and directors of LAKE HOLIDAY PROPERTY OWNERS ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 lists 10 people; 10 received compensation from the organization, the highest $120,056 (D JON BOUXSEIN, GENERAL MANAGER).
- How much revenue does LAKE HOLIDAY PROPERTY OWNERS ASSOCIATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,392,785, expenses of $2,165,418 and total assets of $7,550,873 at year end.
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