Nonprofit · EIN 95-2921294
LAKE FOREST II MASTER HOMEOWNERS ASSOCIATION
Also known as SUN & SAIL CLUB
Tax-exempt · LAKE FOREST, CA 92630
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,742,242 | $5,347,162 | $395,080 | $11,732,982 | $397,302 | $11,335,680 |
| December 31, 2023 | 990 | $6,412,605 | $6,159,330 | $253,275 | $10,663,306 | $374,437 | $10,288,869 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $3,932,546
- Investment income
- $308,232
- Other revenue
- $1,501,464
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $1,717,756
- Salaries, compensation and benefits (total)
- $1,717,756
- Professional fundraising fees
- $0
- Legal fees
- $31,298
- Accounting fees
- $47,550
- Depreciation
- $100,214
- Program services (functional)
- $4,624,917
- Management and general (functional)
- $722,245
Balance sheet and other
- Total assets, start of year
- $10,663,306
- Total assets, end of year
- $11,732,982
- Total liabilities, end of year
- $397,302
- Net assets, end of year
- $11,335,680
- Land, buildings and equipment
- $1,692,349
- Gross receipts
- $5,742,242
- Employees
- 96
- Year formed
- 1971
- State of legal domicile
- CA
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 |
|---|---|---|---|
| JAMES RICHERT | PRESIDENT Officer | 3 | $0 |
| PAUL COULTER | DIRECTOR Trustee or director | 3 | $0 |
| THOMAS LUDDEN | TREASURER Officer | 3 | $0 |
| JOLENE FUENTES | DIRECTOR Trustee or director | 3 | $0 |
| KRISTIN HOUSTON | DIRECTOR Trustee or director | 3 | $0 |
| FILDELMA ROBERTS | VICE PRESIDE Officer | 3 | $0 |
| JEFF WERKMEISTER | DIRECTOR Trustee or director | 3 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES RICHERT | PRESIDENT Officer | 3 | $0 |
| PAUL COULTER | VICE PRESIDE Officer | 3 | $0 |
| THOMAS LUDDEN | TREASURER Officer | 3 | $0 |
| JOLENE FUENTES | DIRECTOR Trustee or director | 3 | $0 |
| SONNY MORPER | DIRECTOR Trustee or director | 3 | $0 |
| FILDELMA ROBERTS | DIRECTOR Trustee or director | 3 | $0 |
| JEFF WERKMEISTER | DIRECTOR Trustee or director | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 24752 TOLEDO LN, LAKE FOREST, CA 92630-2318
- Principal officer (990 for 2024)
- THOMAS LUDDEN, 24752 TOLEDO LANE, LAKE FOREST, CA 92630
- Signed the 990
- THOMAS LUDDEN, TREASURER
- Phone
- (949) 586-0860
- Website
- WWW.LF2.ORG
- Return prepared by
- VANDERPOL AND COMPANY
California records
California keeps its own records of charities and corporations. Search them by EIN 95-2921294 or by the name LAKE FOREST II MASTER HOMEOWNERS ASSOCIATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
TO PROVIDE THE MAINTENANCE, PRESERVATION AND ARCHITECTURAL CONTROL OF THE LOTS AND COMMON AREAS OF THE ASSOCIATION, AND TO PROMOTE THE HEALTH, SAFETY AND WELFARE OF ITS RESIDENTS.
Program accomplishments
- LAKE FOREST II MASTER HOMEOWNERS ASSOCIATION (ESTABLISHED IN 1970) IS A PRIVATE PLANNED COMMUNITY OF 3,436 HOMES LOCATED IN THE CITY OF LAKE FOREST, CALIFORNIA. THE ASSOCIATION PROVIDES COMMON GOOD AND GENERAL WELFARE FOR THE RESIDENTS. THE ASSOCIATION PROVIDES MAINTENANCE FOR A LAKE, GREENBELT AREAS, PARKS AND RECREATIONAL FACILITIES. THE ASSOCIATION ALSO PROVIDES FOR THE ARCHITECTURAL INTEGRITY OF THE COMMUNITY.Expenses $4,624,917 · revenue $3,932,546
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
- 95-2921294
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $11,732,982
- Income (IRS master file)
- $5,742,242
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,742,242 | $5,347,162 | $11,732,982 | XML |
| 990 | December 2023 | $6,412,605 | $6,159,330 | $10,663,306 | XML |
| 990 | December 2022 | $4,708,628 | $4,679,247 | $11,093,075 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 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 95-2921294).
Questions about LAKE FOREST II MASTER HOMEOWNERS ASSOCIATION
- What is the EIN of LAKE FOREST II MASTER HOMEOWNERS ASSOCIATION?
- The employer identification number (EIN) of LAKE FOREST II MASTER HOMEOWNERS ASSOCIATION is 95-2921294.
- Is LAKE FOREST II MASTER HOMEOWNERS ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4).
- Which annual return does LAKE FOREST II MASTER HOMEOWNERS ASSOCIATION 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 FOREST II MASTER HOMEOWNERS ASSOCIATION 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 LAKE FOREST II MASTER HOMEOWNERS ASSOCIATION 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 FOREST II MASTER HOMEOWNERS ASSOCIATION?
- The 990 for the year ended December 31, 2024 names THOMAS LUDDEN.
- Who are the officers and directors of LAKE FOREST II MASTER HOMEOWNERS ASSOCIATION?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does LAKE FOREST II MASTER HOMEOWNERS ASSOCIATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,742,242, expenses of $5,347,162 and total assets of $11,732,982 at year end.
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