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Nonprofiteer
← LAKESIDE PLACE INC

Form 990 for tax year 2024

Filed by LAKESIDE PLACE INC.

Totals

Total revenue
$119,314
Total expenses
$197,101
Contributions and grants received
$60,942
Grants paid
$0
Program service revenue
$58,206
Investment income
$166
Other revenue
$0
Total assets, end of year
$869,957
Total liabilities, end of year
$513,483
Net assets or fund balances, end of year
$356,474
Program services expenses (Part IX)
$157,604
Management and general expenses
$39,497
Fundraising expenses
$0
Program service expenses (Part III)
$157,604

Program services were 80.0% 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.

  • 1e · Government grants (contributions)

    $60,942

  • 2a · Program service revenue: RESIDENTIAL RENTAL INCOME

    total $57,068 · related or exempt $57,068

  • 2b · Program service revenue: OTHER RESIDENT INCOME

    total $1,138 · related or exempt $1,138

  • 3 · Investment income

    total $166 · unrelated business $0 · excluded $166

  • 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 $17,897 · management and general $17,897

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $21,600 · management and general $21,600

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $744 · program services $744

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $96,059 · program services $96,059

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $1,108 · program services $1,108

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $42,893 · program services $42,893

  • 23 · Insurance

    total $16,800 · program services $16,800

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $275 · end of year $13,193

  • 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 $18,696 · end of year $28,443

  • 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 $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $1,495,251

  • 10b · Land, buildings and equipment: accumulated depreciation

    $768,291

  • 10c · Land, buildings and equipment, net

    beginning of year $741,653 · end of year $726,960

  • 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 $95,782 · end of year $101,361

  • 17 · Accounts payable and accrued expenses

    beginning of year $24,509 · end of year $23,883

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $3,474 · end of year $3,974

  • 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 $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $394,164 · end of year $485,626

  • 27 · Net assets without donor restrictions

    beginning of year -$928,041 · end of year -$1,005,826

  • 28 · Net assets with donor restrictions

    beginning of year $1,362,300 · end of year $1,362,300

Mission and programs · 2024

Mission

THE ORGANIZATION MAINTAINS AN 18-UNIT INDEPENDENT LIVING FACILITY FOR THE PURPOSE OF PROVIDING HOUSING TO LOW-INCOME PERSONS WITH DISABILITIES IN ORLANDO, FLORIDA.

Activities or mission (Part I)

THE ORGANIZATION PROVIDES HOUSING TO LOW-INCOME PERSONS WITH DISABILITIES.

  • LAKESIDE PLACE, INC. PROVIDES HOUSING AND SERVICES TO LOW-INCOME PERSONS WITH DISABILITIES. THE ORGANIZATION OWNS AND OPERATES AN APARTMENT BUILDING CONSISTING OF 18 UNITS, LOCATED IN ORLANDO, FLORIDA.

    Expenses $157,604 · Revenue $58,206

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • BABETTE F HANKEY

    PRESIDENT/CEO

    Total calculated
    $452,763
    From this org
    $0
    From related orgs
    $404,073
    Other
    $48,690
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $394,323 related
    Bonus
    $0
    Other
    $0 + $9,750 related
    Deferred
    $0 + $19,576 related
    Nontaxable benefits
    $0 + $29,114 related
    Filer's total
    $0 + $452,763 related

  • LINDA M DAMM

    CHIEF FINANCIAL OFFICER

    Total calculated
    $264,518
    From this org
    $0
    From related orgs
    $219,873
    Other
    $44,645
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $207,373 related
    Bonus
    $0 + $12,500 related
    Other
    $0
    Deferred
    $0 + $10,702 related
    Nontaxable benefits
    $0 + $33,943 related
    Filer's total
    $0 + $264,518 related

  • CHRISTINE E SUEHLE

    TREASURER/SECRETARY

    Total calculated
    $243,204
    From this org
    $0
    From related orgs
    $201,137
    Other
    $42,067
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $184,137 related
    Bonus
    $0 + $12,500 related
    Other
    $0 + $4,500 related
    Deferred
    $0 + $9,454 related
    Nontaxable benefits
    $0 + $32,613 related
    Filer's total
    $0 + $243,204 related

  • SCOTT CHARLES GRIFFITHS

    Chairperson

    Total calculated
    $222,646
    From this org
    $0
    From related orgs
    $212,077
    Other
    $10,569
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $194,269 related
    Bonus
    $0 + $12,500 related
    Other
    $0 + $5,308 related
    Deferred
    $0 + $9,546 related
    Nontaxable benefits
    $0 + $1,023 related
    Filer's total
    $0 + $222,646 related

  • RONALD NESBITT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

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)

PART I, LINE 3:
LAKESIDE PLACE, INC'S PERSONNEL ARE EMPLOYED BY ASPIRE HEALTH PARTNERS, INC., A RELATED 501(C)(3) ORGANIZATION. THE ORGANIZATION USES THE FOLLOWING TO ESTABLISH COMPENSATION FOR LAKESIDE PLACE, INC'S CEO: COMPENSATION COMMITTEE; FORM 990 OF OTHER ORGANIZATIONS; COMPENSATION SURVEY OR STUDY; APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2026
IRS schema version
2024v5.2
Source object
202611359349305556

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