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Lake Parsippany Property Owners

Organization summary

Type of Nonprofit

Designated as a Civic leagues, social welfare organizations and local associations of employees, created to promote community welfare for charitable, educational or recreational purposes.

Category: Community Improvement, Capacity Building / Neighborhood, Block Associations (NTEE)

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$446k (2023)

Expenses
$501k (2023)

Total Assets
$648k (2023)

Total Liabilities
$26k (2023)

Source: Form 990 tax filings from 2010 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$445,504
Expenses
$501,244
Net Income
-$55,740
Net Assets
$622,339
Notable Sources of Revenue Percent of Total Revenue
Contributions $383,701
86.1%
Program Services $0
Investment Income $13,577
3.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $48,226
10.8%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $648,348
Total Liabilities $26,009
Net Assets $622,339
Compensation
Key Employees and Officers Compensation Related Other
Pulkit Desai (President) $0 $0 $0
Daniel Nazzaro (Secretary) $0 $0 $0
Manisha Mansuria (Representative) $0 $0 $0
Nirav Patel (Vice President) $0 $0 $0
Tarak Bhatt (Secretary) $0 $0 $0
Nishan Seal (Treasurer) $0 $0 $0
Rinam Shah (District Repres) $0 $0 $0
Manojkumar Patel (District Repres) $0 $0 $0
Deepak Chandak (District Repres) $0 $0 $0
Darshana Kalavadia (Representative) $0 $0 $0
Jagdish Prajapati (Representative) $0 $0 $0
Rushabh Modi (Representative) $0 $0 $0
Donald Phelps (Representative) $0 $0 $0
Mary Free (Representative) $0 $0 $0
Deepa Tailor (Representative) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$469,703
Expenses
$458,014
Net Income
$11,689
Net Assets
$678,079
Notable Sources of Revenue Percent of Total Revenue
Contributions $415,817
88.5%
Program Services $0
Investment Income $362
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $53,524
11.4%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $24,816
5.4%
Assets/Debt
Total Assets $724,902
Total Liabilities $46,823
Net Assets $678,079
Compensation
Key Employees and Officers Compensation Related Other
Pulkit Desai (President) $0 $0 $0
Daniel Nazzaro (Secretary) $0 $0 $0
Patty Ellis (Treasurer) $0 $0 $0
Nirav Patel (Vice President) $0 $0 $0
Tarak Bhatt (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$503,205
Expenses
$351,426
Net Income
$151,779
Net Assets
$614,111
Notable Sources of Revenue Percent of Total Revenue
Contributions $485,030
96.4%
Program Services $0
Investment Income $16
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $18,159
3.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $46,956
13.4%
Assets/Debt
Total Assets $615,335
Total Liabilities $1,224
Net Assets $614,111
Compensation
Key Employees and Officers Compensation Related Other
Pulkit Desai (President) $0 $0 $0
Daniel Nazzaro (Secretary) $0 $0 $0
Patty Ellis (Treasurer) $0 $0 $0
Nirav Patel (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$671,891
Expenses
$366,619
Net Income
$305,272
Net Assets
$712,123
Notable Sources of Revenue Percent of Total Revenue
Contributions $665,598
99.1%
Program Services $0
Investment Income $28
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $6,265
0.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $36,547
10.0%
Assets/Debt
Total Assets $712,430
Total Liabilities $307
Net Assets $712,123
Compensation
Key Employees and Officers Compensation Related Other
Pulkit Desai (President) $0 $0 $0
Daniel Nazzaro (Treasurer) $0 $0 $0
Marilyn Ammirata (Secretary) $0 $0 $0
Tarak Bhatt (Financial Secry) $0 $0 $0
Dharmesh Desai (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$172,520
Expenses
$257,156
Net Income
-$84,636
Net Assets
$406,851
Notable Sources of Revenue Percent of Total Revenue
Contributions $134,155
77.8%
Program Services $0
Investment Income $1,605
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $36,760
21.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $42,498
16.5%
Assets/Debt
Total Assets $407,061
Total Liabilities $210
Net Assets $406,851
Compensation
Key Employees and Officers Compensation Related Other
William Sempier (President) $0 $0 $0
Sebastian Ostolaza (Treasurer) $0 $0 $0
Marilyn Ammirata (Secretary) $0 $0 $0
Dan Nazzaro (Financial Secry) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$188,666
Expenses
$228,874
Net Income
-$40,208
Net Assets
$303,029
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $76
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $37,865
20.1%
Assets/Debt
Total Assets $303,029
Total Liabilities $0
Net Assets $303,029
Compensation
Key Employees and Officers Compensation Other
William Sempier (President) $0 $0
Marilyn Ammirata (Secretary) $0 $0
Sebastian Ostolaza (Treasurer) $0 $0
Dan Nazzaro (Financial Secretary) $0 $0
Tony Suprum (District Representative) $0 $0
Maryellen Iradi (District Representative) $0 $0
Don Phelps (District Representative) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$212,423
Expenses
$212,614
Net Income
-$191
Net Assets
$343,237
Notable Sources of Revenue Percent of Total Revenue
Contributions $181,101
85.3%
Program Services $0
Investment Income $2,164
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $29,158
13.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $32,462
15.3%
Assets/Debt
Total Assets $343,237
Total Liabilities $0
Net Assets $343,237

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$190,707
Expenses
$200,540
Net Income
-$9,833
Net Assets
$343,428
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Net Fundraising $4,418
2.3%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $38,768
20.3%
Assets/Debt
Total Assets $343,428
Total Liabilities $0
Net Assets $343,428

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$157,440
Expenses
$195,046
Net Income
-$37,606
Net Assets
$353,261
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $1,870
1.2%
Net Fundraising $8,730
5.5%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $353,261
Total Liabilities $0
Net Assets $353,261

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$182,721
Expenses
$206,209
Net Income
-$23,488
Net Assets
$355,838
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Net Fundraising $9,003
4.9%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $34,193
18.7%
Assets/Debt
Total Assets $355,838
Total Liabilities $0
Net Assets $355,838

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$168,805
Expenses
$170,004
Net Income
-$1,199
Net Assets
$379,326
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Net Fundraising $7,122
4.2%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $31,275
18.5%
Assets/Debt
Total Assets $379,326
Total Liabilities $0
Net Assets $379,326

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$166,822
Expenses
$178,397
Net Income
-$11,575
Net Assets
$380,525
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $5,320
3.2%
Net Fundraising $7,960
4.8%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $27,952
16.8%
Assets/Debt
Total Assets $380,525
Total Liabilities $0
Net Assets $380,525

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$184,079
Expenses
$168,872
Net Income
$15,207
Net Assets
$392,100
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $392,100
Total Liabilities $0
Net Assets $392,100

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Dec.
2010

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$173,824
Expenses
$164,821
Net Income
$9,003
Net Assets
$1,017,174
Notable Sources of Revenue Percent of Total Revenue
Contributions $167,452
96.3%
Program Services $3,375
1.9%
Investment Income $2,019
1.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $978
0.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,017,174
Total Liabilities $0
Net Assets $1,017,174

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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