Loveladies Harbor Organization

Nonprofit profile at a glance

EIN
222041392
IRS 990-EZ coverage
2017–2024
Forms available
Form 990-EZ 2024
Location
Harvey Cedars, NJ, USA
Phone
6094948895
Rating
80
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$100,572
Expenses
$74,535
Assets
$340,628

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

Leadership & pay

11 people listed

Executive titles in this filing

  • CARL RASO (PRESIDENT)

People named in this filing

  • CARL RASO (PRESIDENT)
  • MELVYN ROTHBARD (SECRETARY)
  • DAVID COLE (PROPERTY MAN)

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

Community association (1956) - to benefit the residents of loveladies harbor, nj 08008. Includes lagoon testing, patrolled beach parking, newsletter, members directory, annual meeting and other services. (primarily a seasonal summer resort)

What it reported doing in 2024

Management-parking and recreational property primarily for community organization (summer activities).

Operating model

Revenue model
Donor-supported. 99% of the money available for current operations came from contributions and gifts.
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. No material rating questions were generated from the available inputs.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 82
  • Sustainability: 73
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 67.6%; rating input score 68
  • Program expense ratio: 90.6%; rating input score 91

Transparency & Controls

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

Sustainability

  • Operating margin: 25.9%; rating input score 80; 80th percentile among comparable filings
  • Total-asset coverage ratio: 4.57; rating input score 95; 95th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 6.4% per year; rating input score 100; 52nd percentile among comparable filings
  • Revenue growth: 10% per year; rating input score 100; 67th percentile among comparable filings
  • Asset growth: 12.5% per year; rating input score 100; 68th percentile among comparable filings

Details

  • Where the money goes: 67.6% of revenue deployed · 90.6% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $68K in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 7 filing years from 2017 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.