Lakewood Resident Club Inc

Nonprofit profile at a glance

EIN
760344746
IRS 990-EZ coverage
2015–2024
Forms available
Form 990 2011, Form 990-EZ 2024
Location
Houston, TX, USA
Phone
2813761893
Rating
90
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$171,728
Expenses
$167,665
Assets
$179,718
Liabilities
$113,754

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • Andrew Bridges (Vice President/Interim President)

People named in this filing

  • Andrew Bridges (Vice President/Interim President)
  • Kevin Mote (Treasurer)
  • Mike Danford (Board of Director Member)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Support the recreational and social activities of the members of the club.

What it reported doing in 2024

Program Service Accomplishments: Membership support - supported the recreational and business needs of 197 member familiesOne swim team for childran and teens, and 14 tennis teams

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 99
  • Transparency & Controls: 82
  • Sustainability: 46
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 98%; rating input score 98
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 2.4%; rating input score 41; 41st percentile among comparable filings
  • Total-asset coverage ratio: 1.07; rating input score 62; 62nd percentile among comparable filings
  • Liabilities to assets ratio: 0.63; rating input score 8; 8th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 2.4% per year; rating input score 100; 38th percentile among comparable filings
  • Revenue growth: 0.5% per year; rating input score 100; 23rd percentile among comparable filings
  • Asset growth: 1.9% per year; rating input score 100; 34th percentile among comparable filings

Details

  • Where the money goes: 98% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $168K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 10 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Operating margin scored 41/100.
  • High — Sustainability: Liabilities to assets ratio scored 8/100.