The Lake Valhalla Club

Montville, NJ
Tax-exempt since Oct. 1968
EIN: 22-6097065

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Type of Nonprofit

Designated as a 501(c)(7) Social and recreational clubs.

Donations to this organization are not tax deductible.

Revenue

$3.09M (2024)

Expenses

$3.02M (2024)

Total Assets

$3.56M (2024)

Total Liabilities

$469k (2024)

Source: Form 990 tax filings from 2011 to 2024

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.
2024

Revenue

$3,090,192

Expenses

$3,021,508

Net Income

$68,684

Net Assets

$3,093,127

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,542,584	49.9%
Investment Income	$66,316	2.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$1,481,292	47.9%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,524,653	50.5%

Assets/Debt
Total Assets	$3,561,881
Total Liabilities	$468,754
Net Assets	$3,093,127

Club or Co-Op Income
Initiation Fees & Contributions	$447,700
Income From Public Use of Club Facilities	$198,939

Compensation

Key Employees and Officers	Compensation	Related	Other
Christopher Selser (General Manager/Coo)	$113,185	$0	$13,065
Timothy Fonseca (President)	$0	$0	$0
Laure Richmond (Vice President)	$0	$0	$0
Daniel Richards (Treasurer)	$0	$0	$0
Marianne Green (Recording Secretary)	$0	$0	$0
Michael Bedell (Corresponding Secretary)	$0	$0	$0
Michael Metz (Member At Large)	$0	$0	$0
Thomas Schur (Member At Large)	$0	$0	$0

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990

Filed on Nov. 17, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2023

Revenue

$3,087,237

Expenses

$3,009,351

Net Income

$77,886

Net Assets

$3,031,793

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,608,626	52.1%
Investment Income	$47,477	1.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$1,431,134	46.4%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,538,066	51.1%

Assets/Debt
Total Assets	$3,659,811
Total Liabilities	$628,018
Net Assets	$3,031,793

Club or Co-Op Income
Initiation Fees & Contributions	$477,100
Income From Public Use of Club Facilities	$202,736

Compensation

Key Employees and Officers	Compensation	Related	Other
Timothy Fonseca (President)	$0	$0	$0
Laure Richmond (Vice President)	$0	$0	$0
Daniel Richards (Treasurer)	$0	$0	$0
Marianne Green (Recording Secretary)	$0	$0	$0
Michael Bedell (Corresponding Secretary)	$0	$0	$0
Michael Metz (Member At Large)	$0	$0	$0
Thomas Schur (Member At Large)	$0	$0	$0

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990

Filed on Nov. 14, 2024

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Fiscal Year Ending Dec.
2022

Revenue

$3,316,051

Expenses

$3,148,639

Net Income

$167,412

Net Assets

$2,965,007

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,631,059	49.2%
Investment Income	$3,003	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$1,681,989	50.7%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,532,907	48.7%

Assets/Debt
Total Assets	$3,677,487
Total Liabilities	$712,480
Net Assets	$2,965,007

Club or Co-Op Income
Initiation Fees & Contributions	$511,190
Income From Public Use of Club Facilities	$100,593

Compensation

Key Employees and Officers	Compensation	Related	Other
Erik Bramble (General Manager)	$106,176	$0	$8,924
Patrick Mcnamara (President)	$0	$0	$0
Timothy Fonseca (Vice President)	$0	$0	$0
Daniel Richards (Treasurer)	$0	$0	$0
Marianne Green (Recording Secretary)	$0	$0	$0
Eamon Loughran (Corresponding Secretary)	$0	$0	$0
Laure Richmond (Member At Large)	$0	$0	$0
Michael Bedell (Member At Large)	$0	$0	$0

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990

Filed on Nov. 6, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$2,742,895

Expenses

$2,260,191

Net Income

$482,704

Net Assets

$2,807,495

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,671,912	61.0%
Investment Income	$3,602	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$1,067,381	38.9%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,115,562	49.4%

Assets/Debt
Total Assets	$3,621,471
Total Liabilities	$813,976
Net Assets	$2,807,495

Club or Co-Op Income
Initiation Fees & Contributions	$665,340
Income From Public Use of Club Facilities	$103,067

Compensation

Key Employees and Officers	Compensation	Related	Other
Patrick Mcnamara (President)	$0	$0	$0
Timothy Fonseca (Vice President)	$0	$0	$0
Daniel Richards (Treasurer)	$0	$0	$0
Marianne Green (Recording Secretary)	$0	$0	$0
Eamon Loughran (Corresponding Secretary)	$0	$0	$0
Laure Richmond (Member At Large)	$0	$0	$0
Michael Bedell (Member At Large)	$0	$0	$0

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990

Filed on Nov. 10, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$2,123,014

Expenses

$2,085,401

Net Income

$37,613

Net Assets

$2,330,940

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$10,000	0.5%
Program Services	$1,113,567	52.5%
Investment Income	$9,804	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$908,087	42.8%
Other Revenue	$81,556	3.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,074,208	51.5%

Assets/Debt
Total Assets	$3,097,316
Total Liabilities	$766,376
Net Assets	$2,330,940

Club or Co-Op Income
Initiation Fees & Contributions	$190,670
Income From Public Use of Club Facilities	$21,875

Compensation

Key Employees and Officers	Compensation	Related	Other
Patrick Mcnamara (President)	$0	$0	$0
Eamon Loughran (Vice President)	$0	$0	$0
Daniel Richards (Treasurer)	$0	$0	$0
Julie Abbott (Recording Secretary)	$0	$0	$0
Diane Brady (Corresponding Secretary)	$0	$0	$0
Timothy Fonseca (Member At Large)	$0	$0	$0
Marianne Green (Member At Large)	$0	$0	$0

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990

Filed on Oct. 21, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$2,571,932

Expenses

$2,656,065

Net Income

-$84,133

Net Assets

$2,296,403

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,498,438	58.3%
Investment Income	$16,234	0.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$1,057,260	41.1%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,473,086	55.5%

Assets/Debt
Total Assets	$3,145,626
Total Liabilities	$849,223
Net Assets	$2,296,403

Club or Co-Op Income
Initiation Fees & Contributions	$546,222
Income From Public Use of Club Facilities	$153,458

Compensation

Key Employees and Officers	Compensation	Related	Other
Claudio Beltrami (Restaurant & Banquet Manager)	$107,000	$0	$803
Kristine Howar (Business & Operations Manager)	$101,000	$0	$751
Patrick Mcnamara (President)	$0	$0	$0
Eamon Loughran (Vice President)	$0	$0	$0
Daniel Richards (Treasurer)	$0	$0	$0
Julie Abbott (Recording Secretary)	$0	$0	$0
Diane Brady (Corresponding Secretary)	$0	$0	$0
Richard Cobuzio (Member At Large)	$0	$0	$0
Jerry Goldstein (Member At Large)	$0	$0	$0

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990

Filed on Nov. 13, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$2,783,451

Expenses

$2,622,479

Net Income

$160,972

Net Assets

$2,393,361

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,623,658	58.3%
Investment Income	$7,727	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$1,152,066	41.4%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,412,295	53.9%

Assets/Debt
Total Assets	$3,467,921
Total Liabilities	$1,074,560
Net Assets	$2,393,361

Club or Co-Op Income
Initiation Fees & Contributions	$656,325
Income From Public Use of Club Facilities	$133,564

Compensation

Key Employees and Officers	Compensation	Related	Other
Claudio Beltrami (Resturant & Banquest Manager)	$104,000	$0	$781
Jerry Goldstein (President)	$0	$0	$0
Patrick Mcnamara (Vice President)	$0	$0	$0
Julie Abbott (Treasurer)	$0	$0	$0
Diane Brady (Recording Secretary)	$0	$0	$0
Vincent Belcastro (Corresponding Secretary)	$0	$0	$0
Richard Cobozio (Member At Large)	$0	$0	$0
Easmon Loughran (Member At Large)	$0	$0	$0

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990

Filed on Nov. 15, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$2,754,122

Expenses

$2,440,351

Net Income

$313,771

Net Assets

$2,234,126

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,556,717	56.5%
Investment Income	$6,647	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$1,190,758	43.2%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,270,165	52.0%

Assets/Debt
Total Assets	$3,371,857
Total Liabilities	$1,137,731
Net Assets	$2,234,126

Club or Co-Op Income
Initiation Fees & Contributions	$611,645
Income From Public Use of Club Facilities	$124,143

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

Fiscal Year Ending Dec.
2016

Revenue

$2,774,395

Expenses

$2,440,949

Net Income

$333,446

Net Assets

$1,925,506

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,531,603	55.2%
Investment Income	$5,949	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$1,236,843	44.6%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,192,052	48.8%

Assets/Debt
Total Assets	$3,179,928
Total Liabilities	$1,254,422
Net Assets	$1,925,506

Club or Co-Op Income
Initiation Fees & Contributions	$618,060
Income From Public Use of Club Facilities	$64,457

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$2,691,323

Expenses

$2,453,078

Net Income

$238,245

Net Assets

$1,601,810

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,423,194	52.9%
Investment Income	$4,425	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$1,263,704	47.0%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,265,898	51.6%

Assets/Debt
Total Assets	$2,969,608
Total Liabilities	$1,367,798
Net Assets	$1,601,810

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Revenue

$2,144,539

Expenses

$1,856,565

Net Income

$287,974

Net Assets

$1,358,528

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,489,587	69.5%
Investment Income	$3,655	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$651,297	30.4%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$108,462	5.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$3,645,307
Total Liabilities	$2,286,779
Net Assets	$1,358,528

Club or Co-Op Income
Initiation Fees & Contributions	$29,500
Income From Public Use of Club Facilities	$29,634

Compensation

Key Employees and Officers	Compensation	Related	Other
Lisa Redfern (Club Manager)	$108,462	$0	$0
Alan Puleo (President)	$0	$0	$0
Joel Orris (Vice President)	$0	$0	$0
Kristine Howar (Recording Secretary)	$0	$0	$0
Fran Mareiniss (Treasurer)	$0	$0	$0
Jerry Goldstein (At Large)	$0	$0	$0
Greg Slyfield (At Large)	$0	$0	$0
Joe Gianforte (At Large)	$0	$0	$0

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990

Filed on May 15, 2015

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Fiscal Year Ending Dec.
2013

Revenue

$1,908,925

Expenses

$1,818,460

Net Income

$90,465

Net Assets

$1,085,254

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,452,200	76.1%
Investment Income	$2,796	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$453,929	23.8%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$104,000	5.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$3,583,401
Total Liabilities	$2,498,147
Net Assets	$1,085,254

Club or Co-Op Income
Initiation Fees & Contributions	$25,500
Income From Public Use of Club Facilities	$55,129

Compensation

Key Employees and Officers	Compensation	Related	Other
Perry Bonadies (Club Manager)	$104,000	$0	$0
Alan Puleo (President)	$0	$0	$0
Joel Orris (Vice President)	$0	$0	$0
Kristine Howar (Recording Secretary)	$0	$0	$0
Fran Mareiniss (Corresponding Secretary)	$0	$0	$0
Ron Liebowitz (Treasurer)	$0	$0	$0
William Troutman (At Large)	$0	$0	$0
Tom Fleishell (At Large)	$0	$0	$0

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990

Filed on May 15, 2014

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Fiscal Year Ending Dec.
2012

Revenue

$1,769,284

Expenses

$1,793,067

Net Income

-$23,783

Net Assets

$1,008,964

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,383,294	78.2%
Investment Income	$2,129	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$383,861	21.7%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$101,000	5.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$411,716	23.0%

Assets/Debt
Total Assets	$3,385,579
Total Liabilities	$2,376,615
Net Assets	$1,008,964

Club or Co-Op Income
Initiation Fees & Contributions	$29,250
Income From Public Use of Club Facilities	$59,014

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$1,744,960

Expenses

$1,797,530

Net Income

-$52,570

Net Assets

$1,045,384

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,356,099	77.7%
Investment Income	$2,581	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$386,280	22.1%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$456,999	25.4%

Assets/Debt
Total Assets	$3,385,373
Total Liabilities	$2,339,989
Net Assets	$1,045,384

Club or Co-Op Income
Initiation Fees & Contributions	$18,500
Income From Public Use of Club Facilities	$78,139

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The Lake Valhalla Club

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $3.09M (2024)

Expenses $3.02M (2024)

Total Assets $3.56M (2024)

Total Liabilities $469k (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

No Document Links

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Revenue

$3.09M (2024)

Expenses

$3.02M (2024)

Total Assets

$3.56M (2024)

Total Liabilities

$469k (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004