Nonprofit · EIN 51-0187926
MORSE LAKES PROPERTY OWNERS ASSOCIATION INC
Tax-exempt · BLOOMINGDALE, NJ 07403
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $90,222 | $90,963 | -$741 | $100,998 | – | $100,998 |
| December 31, 2023 | 990-EZ | $89,276 | $67,962 | $21,314 | $101,739 | – | $101,739 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,383
- Membership dues
- $78,151
- Investment income
- $4,778
- Net income from fundraising events
- $356
- Other revenue
- $4,554
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $5,514
- Occupancy
- $84,848
- Printing, publications and postage
- $601
- Program services (functional)
- $90,963
Balance sheet and other
- Total assets, start of year
- $101,739
- Total assets, end of year
- $100,998
- Total liabilities, end of year
- –
- Net assets, end of year
- $100,998
- Cash, savings and investments
- $100,997
- Land and buildings
- $1
- Gross receipts
- $90,620
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Brian Combs | President | 6 | $0 |
| Anthony Ferraro | Vice President | 2 | $0 |
| Linda Thornton CPA | Treasurer | 8 | $0 |
| Judy Bertola | Secretary | 3 | $0 |
| Daniel Cappello | Property and Dam Manager | 3 | $0 |
| Marco Margotta | Clubhouse Manager | 3 | $0 |
| Ronnie Mistretta | Trustee | 1 | $0 |
990-EZ for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Brian Combs | President | 6 | $0 |
| Anthony Ferraro | Vice President | 1 | $0 |
| Linda Thornton CPA | Treasurer | 6 | $0 |
| Judy Bertola | Secretary | 3 | $0 |
| Christopher Van Dalinda | Property and Dam Manager | 3 | $0 |
| Marco Margotta | Clubhouse Manager | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 37 RIDGE RD, BLOOMINGDALE, NJ 07403-1917
- In care of
- % LINDA THORNTON
- Signed the 990-EZ
- Linda Thornton CPA, Treasurer
- Website
- morselakes.com
Mission
maintain health of lakes clubhouse and common areas for the social and recreational benefit of members as well as provide activities that promotes the opportunity for members to commingle and engage in personal contact.
Program accomplishments
- maintenance improvement of roads clubhouse and surrounding areasExpenses $67,635
- maintenance improvement of lake environmentExpenses $17,288
- community activitiesExpenses $6,040
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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 51-0187926
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1976
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $100,998
- Income (IRS master file)
- $90,620
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $90,222 | $90,963 | $100,998 | IRS |
| 990-EZ | December 2023 | $89,276 | $67,962 | $101,739 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | 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 51-0187926).
Questions about MORSE LAKES PROPERTY OWNERS ASSOCIATION INC
- What is the EIN of MORSE LAKES PROPERTY OWNERS ASSOCIATION INC?
- The employer identification number (EIN) of MORSE LAKES PROPERTY OWNERS ASSOCIATION INC is 51-0187926.
- Is MORSE LAKES PROPERTY OWNERS ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1976.
- Are donations to MORSE LAKES PROPERTY OWNERS ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MORSE LAKES 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 MORSE LAKES PROPERTY OWNERS ASSOCIATION INC 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 MORSE LAKES PROPERTY OWNERS ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of MORSE LAKES PROPERTY OWNERS ASSOCIATION INC?
- The 990-EZ for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does MORSE LAKES PROPERTY OWNERS ASSOCIATION INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $90,222, expenses of $90,963 and total assets of $100,998 at year end.
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