Resident Association of Laurel Lake Retirement Community of Hudson Oh

Nonprofit profile at a glance

EIN
273718850
IRS 990 coverage
2018–2025
Forms available
Form 990 2025, Form 990-N 2016
Location
Hudson, OH, USA
Phone
3306554173
Rating
64
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Senior Citizens' Housing/Retirement Communities

Reported finances

Revenue
$334,257
Expenses
$351,040
Assets
$32,789
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

18 people listed

Executive titles in this filing

  • Janet Goheen thru 6-30-25 (President)
  • Gretchen Green From 7-1-25 (President)
  • Curt Newill From 7-1-25 (Vice President)

People named in this filing

  • Fran Sharp to 7-1-25 (At-Large-Member)
  • Bill Wooldredge (Ex-Officio Board Member From 1-1-24)
  • William Hopkins (Assistant Treasurer From-2-15-23)

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

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide a forum in which its members may discuss, evaluate and promote policies and activities that will enhance and protect the comfort, convenience and well-being of the Laurel Lake residents in a cost-effective manner.

What it reported doing in 2025

RESIDENT PROGRAMS AND ACTIVITIES. As members transition from independent living to assisted living, long-term care and skilled-nursing care and eventually die, they or their survivors donate used household furniture and other items to the Association. The Association sells these items to other members and to the general public. Funds received, except for nominal amounts spent for supplies and fees, are either used to plan, develop, implement and support social and educational programs and activities for its members, or are donated to non-profit organizations whose services benefit the Association's members. Recurring resident programs and activities have included supporting residents who plant and tend vegetable and flower gardens; knitting caps for children; hand make wooden toys at Christmas for needy children, growing, gathering, purchasing, arranging and delivering flowers to long-term care and skilled-nursing residents; maintaining a library of more than 5,220 volumes plus 671 DVDs; delivering used fabric and clothing for recycling or distribution to the poor and homeless; and organizing and presenting educational programs on recycling and care of the environment.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 92% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and the filing does not identify recipients for some grant dollars.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 63
  • Accountability: 18
  • Sustainability: 31
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 85.7%; rating input score 86; 3rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 7.7%; rating input score 8; 41st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 8th percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -5%; rating input score 25; 25th percentile among comparable filings
  • Total-asset coverage ratio: 0.09; rating input score 7; 7th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings

Growth

  • Program expense growth: 4.1% per year; rating input score 100; 47th percentile among comparable filings
  • Revenue growth: 4.3% per year; rating input score 100; 44th percentile among comparable filings
  • Asset growth: -5.2% per year; rating input score 0; 9th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: 0 of 11 board members independent · 3 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $351K in reported program spending
  • Leadership: top reported pay $0 · 18 people listed
  • Consistency: 42 of 44 current checks pass · 2 findings to review
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 8 filing years from 2018 to 2025
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • 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.

  • High — Accountability: Independent voting board scored 0/100.
  • High — Transparency & Controls: Grant itemization coverage scored 8/100.
  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • High — Sustainability: Operating margin scored 25/100.
  • High — Sustainability: Total-asset coverage ratio scored 7/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.