Totals
- Total revenue
- $1,273,481
- Total expenses
- $892,974
- Contributions and grants received
- $998,968
- Grants paid
- $0
- Program service revenue
- $274,380
- Investment income
- $133
- Other revenue
- $0
- Total assets, end of year
- $16,730,104
- Total liabilities, end of year
- $15,027,654
- Net assets or fund balances, end of year
- $1,702,450
- Program services expenses (Part IX)
- $892,974
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $892,974
Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1d · Related organizations
$998,968
-
1g · Noncash contributions included above
$388,968
-
2a · Program service revenue: LEASE REVENUE
total $274,380 · related or exempt $274,380
-
3 · Investment income
total $133 · excluded $133
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $24,000 · program services $24,000
-
11b · Fees: legal
total $25,669 · program services $25,669
-
11c · Fees: accounting
total $33,630 · program services $33,630
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $27,425 · program services $27,425
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $419 · program services $419
-
14 · Information technology
total $937 · program services $937
-
15 · Royalties
total $0
-
16 · Occupancy
total $182,417 · program services $182,417
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $134,165 · program services $134,165
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $413,559 · program services $413,559
-
23 · Insurance
total $0
-
24a · Other expenses: GROUND LEASE EXPENSE
total $33,888 · program services $33,888
-
24b · Other expenses: BANK CHARGES & FEES
total $10,050 · program services $10,050
-
24c · Other expenses: MISC EXPENSE
total $6,815 · program services $6,815
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,757,819 · end of year $534,946
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $0 · end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $1,639 · end of year $7,977
-
10a · Land, buildings and equipment: cost or other basis
$15,252,913
-
10b · Land, buildings and equipment: accumulated depreciation
$368,149
-
10c · Land, buildings and equipment, net
beginning of year $11,538,762 · end of year $14,884,764
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $1,226,765 · end of year $1,302,417
-
17 · Accounts payable and accrued expenses
beginning of year $2,414,112 · end of year $167,582
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $44,354 · end of year $1,177,432
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $12,626,225 · end of year $12,671,635
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $1,119,078 · end of year $1,011,005
-
27 · Net assets without donor restrictions
beginning of year $1,321,216 · end of year $1,702,450
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2023
Mission
WEST LAKES HWC, INC. IS A SUPPORTING ORGANIZATION OF LIFT ORLANDO FOR THE PRIMARY PURPOSE OF THE CONSTRUCTION AND OPERATING OF A HEALTH AND WELLNESS CENTER KNOWN AS THE HEART OF WEST LAKES WELLNESS CENTER.
Activities or mission (Part I)
SUPPORTING ORGANIZATION OF LIFT ORLANDO FOR THE PRIMARY PURPOSE OF THE CONSTRUCTION AND OPERATING OF A HEALTH AND WELLNESS CENTER KNOWN AS THE HEART OF WEST LAKES WELLNESS CENTER.
-
WEST LAKES HWC, INC. WAS INCORPORATED ON APRIL 20, 2021 FOR CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CLASSIFIED AS A SUPPORTING ORGANIZATION TO LIFT ORLANDO, INC. WEST LAKES HWC, INC. PERFORMS AND CARRIES OUT THE EXEMPT PURPOSES OF LIFT ORLANDO, INC. SPECIFICALLY, THE PRIMARY PURPOSE OF WEST LAKES HWC, INC. IS THE CONSTRUCTION AND OPERATION OF A HEALTH AND WELLNESS CENTER KNOWN AS THE HEART OF WEST LAKES WELLNESS CENTER (HEART). IN JUNE OF 2021, WEST LAKES HWC SECURED NEW MARKETS TAX CREDITS TO PROVIDE THE FINAL FUNDING NEEDED TO FINANCE THE CONSTRUCTION OF THE HEART OF WEST LAKES WELLNESS CENTER. THE HEART OPENED IN JUNE 2023 AND IS A RESIDENT-FOCUSED CENTER, DESIGNED TO STRENGTHEN THE COMMUNITY BY PROVIDING CONVENIENT ACCESS TO HOLISTIC HEALTH, FINANCIAL, AND LIFESTYLE SERVICES UNDER ONE ROOF. THE TWO-STORY FACILITY IS A SPACE FOR RESIDENTS TO CONNECT, LEARN, AND THRIVE, AND FEATURES FIRST-CLASS AMENITIES PAIRED WITH DECOR THAT PAYS HOMAGE TO THE COMMUNITY'S RICH HISTORY. ON THE FIRST FLOOR, RESIDENTS CAN ACCESS LEGACY CAF, THE WEST LAKES FINANCIAL WELLBEING CENTER, THE FLORIDA BLUE CENTER ORLANDO WEST LAKES, THE HEART OF WEST LAKES EVENT SPACE, AND GREEN SPACES. ON THE SECOND FLOOR, COMMUNITY HEALTH CENTERS (CHC) PROVIDES COMPREHENSIVE HEALTHCARE SERVICES AND A PHARMACY, OFFERING A VITAL, NEW RESOURCE TO COMBAT THE AREA'S EXTREME LACK OF ACCESS TO HEALTHCARE SERVICES. THIS FLOOR IS ALSO BE HOME TO THE OFFICES OF LIFT ORLANDO AND ELEVATE ORLANDO.
Expenses $892,974 · Revenue $274,380
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Edward MoratinEDWARD MORATIN
PRESIDENT
- Total calculated
- $263,713
- From this org
- $0
- From related orgs
- $231,430
- Other
- $32,283
- Hours/week
- 2 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $176,430 related
- Bonus
- $0 + $55,000 related
- Other
- $0
- Deferred
- $0 + $9,515 related
- Nontaxable benefits
- $0 + $22,768 related
- Filer's total
- $0 + $263,713 related
-
Mark ShamleyMARK SHAMLEY
VP/BOARD MEMBER (As of 01/23)
- Total calculated
- $198,206
- From this org
- $0
- From related orgs
- $190,372
- Other
- $7,834
- Hours/week
- 5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $165,097 related
- Bonus
- $0 + $25,275 related
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $7,834 related
- Filer's total
- $0 + $198,206 related
-
Terry PratherTERRY PRATHER
BOARD MEMBER/SEC (THRU 12/23)
- Total calculated
- $63,000
- From this org
- $0
- From related orgs
- $63,000
- Other
- $0
- Hours/week
- 15 + 25 related
-
David L Brewer IIIDAVID L BREWER III
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Bob MilesBOB MILES
BOARD MEMBER, TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Paul C Perkins JrPAUL C PERKINS JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- SCHEDULE J, PART I, LINE 3:
- THE EXECUTIVE COMPENSATION WAS REVIEWED AND APPROVED BY THE BOARD OF A RELATED ORGANIZATION, LIFT ORLANDO. IN ORDER TO DETERMINE A FAIR AMOUNT THE FOLLOWING METHODS WERE USED TO ESTABLISH COMPENSATION: - COMPENSATION COMMITTEE - WRITTEN EMPLOYMENT CONTRACT - COMPENSATION SURVEY OR STUDY - Approval by Executive Committee of the Board of Directors
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(c)(3) · Support Org · FL
Directly controlled by na
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 21 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202422969349300322
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