Nonprofit · EIN 65-0388461
CORAL LAKES ASSOCIATION INC
Tax-exempt · BOYNTON BEACH, FL 33437
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,428,793 | $5,340,232 | $88,561 | $2,817,416 | $2,193,443 | $623,973 |
| December 31, 2023 | 990 | $5,070,166 | $5,150,516 | -$80,350 | $2,727,290 | $2,057,830 | $669,460 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $5,324,152
- Investment income
- $104,641
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $9,228
- Accounting fees
- $9,800
- Program services (functional)
- $5,340,232
Balance sheet and other
- Total assets, start of year
- $2,727,290
- Total assets, end of year
- $2,817,416
- Total liabilities, end of year
- $2,193,443
- Net assets, end of year
- $623,973
- Gross receipts
- $5,428,793
- Employees
- 0
- Year formed
- 1992
- State of legal domicile
- FL
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 |
|---|---|---|---|
| JERRY SILVERSTEIN | 2ND VICE PRE Trustee or director, Officer | 10 | $0 |
| STUART DAVIDOFF | DIRECTOR Trustee or director | 2 | $0 |
| LINDA RUDY | TREASURER Trustee or director, Officer | 10 | $0 |
| DEBBI AIZENSTAIN | SECRETARY Trustee or director | 10 | $0 |
| ANTONINA AGOSTA | DIRECTOR Trustee or director | 2 | $0 |
| AARON KLETZKIN | DIRECTOR Trustee or director | 2 | $0 |
| JERRY ROMAN | PRESIDENT Trustee or director, Officer | 2 | $0 |
| LOUIS VECCIONE | 1ST VICE PRE Trustee or director, Officer | 10 | $0 |
| HERB GOLDSTEIN | DIRECTOR Trustee or director | 2 | $0 |
| RICHARD SHERMAN | DIRECTOR Trustee or director | 2 | $0 |
| MARTIN DANOWITZ | DIRECTOR Trustee or director | 2 | $0 |
| SETH DINSKY | DIRECTOR Trustee or director | 2 | $0 |
| JERRY ISRAEL | DIRECTOR Trustee or director | 2 | $0 |
| DEBRA LIPIAN | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JERRY SILVERSTEIN | 2ND VICE PRE Trustee or director, Officer | 10 | $0 |
| STUART DAVIDOFF | DIRECTOR Trustee or director | 2 | $0 |
| LINDA RUDY | TREASURER Trustee or director, Officer | 10 | $0 |
| DEBBI AIZENSTAIN | SECRETARY Trustee or director | 10 | $0 |
| ANTONINA AGOSTA | DIRECTOR Trustee or director | 2 | $0 |
| AARON KLETZKIN | DIRECTOR Trustee or director | 2 | $0 |
| JERRY ROMAN | PRESIDENT Trustee or director, Officer | 10 | $0 |
| LOUIS VECCIONE | 1ST VICE PRE Trustee or director, Officer | 10 | $0 |
| HERB GOLDSTEIN | DIRECTOR Trustee or director | 2 | $0 |
| RICHARD SHERMAN | DIRECTOR Trustee or director | 2 | $0 |
| MARTIN DANOWITZ | DIRECTOR Trustee or director | 2 | $0 |
| SETH DINSKY | DIRECTOR Trustee or director | 2 | $0 |
| JERRY ISRAEL | DIRECTOR Trustee or director | 2 | $0 |
| DEBRA LIPIAN | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 12751 EL CLAIR RANCH RD, BOYNTON BEACH, FL 33437-5690
- Principal officer (990 for 2024)
- LINDA RUDY
- Signed the 990
- LINDA RUDY, TREASURER
- Phone
- (561) 637-4315
- Return prepared by
- GERSTLE ROSEN & GOLDENBERG PA
Mission
MAINTAINING PROPERTY AND ENHANCING THE LIFESTYLE OF MEMBER RESIDENTS.
Program accomplishments
- MAINTENANCE OF 77,000 FT. CLUBHOUSE, 15 LAKES, 5 SWIMMING POOLS IN THE MEMBER CONDOMINIUM OR HOMEOWNERS ASSOCIATION AREAS AND TENNIS COURTS. ALL AREAS ARE PROFESSIONALLY MAINTAINED BY NON-RESIDENTS.
- TO ENHANCE THE LEISURE TIME OF RESIDENTS AND TO PROVIDE FACILITIES FOR PARTICIPATION OF THE RESIDENTS IN ACTIVITIES SUCH AS SWIMMING, TENNIS, EXERCISE, CARD AND BOARD GAMES, DISCUSSION GROUPS, AND FITNESS CLASSES.
- TO PROVIDE AREAS FOR THOSE INDIVIDUALS OR GROUPS OF MEMBERS WHO WISH TO HAVE THE OPPORTUNITY TO PURSUE VARIOUS LIFESTYLE INTERESTS SUCH AS ACTING, DANCING, SINGING AND PERSONAL EDUCATION AND ENLIGHTMENT OPPORTUNITIES.
- THE ASSOCIATION ORGANIZES AND PRESENTS MOVIES TWICE A WEEK (AT NO CHARGE TO THE RESIDENTS), AND PROFESSIONALLY PRODUCED AND PERFORMED SHOWS, BOTH ON- SITE AND OFF-SITE, ON A COST RECOVERY BASIS.
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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 65-0388461
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N50)
- Assets (IRS master file)
- $2,817,416
- Income (IRS master file)
- $5,428,793
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,428,793 | $5,340,232 | $2,817,416 | XML |
| 990 | December 2023 | $5,070,166 | $5,150,516 | $2,727,290 | XML |
| 990 | December 2022 | $4,782,651 | $4,978,944 | $2,496,459 | 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 65-0388461).
Questions about CORAL LAKES ASSOCIATION INC
- What is the EIN of CORAL LAKES ASSOCIATION INC?
- The employer identification number (EIN) of CORAL LAKES ASSOCIATION INC is 65-0388461.
- Is CORAL LAKES ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 2002.
- Are donations to CORAL LAKES ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CORAL LAKES 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 CORAL LAKES 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 CORAL LAKES 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 CORAL LAKES ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 names LINDA RUDY.
- Who are the officers and directors of CORAL LAKES ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 lists 14 people; 0 received compensation from the organization.
- How much revenue does CORAL LAKES ASSOCIATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,428,793, expenses of $5,340,232 and total assets of $2,817,416 at year end.
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