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Lakes Senior Housing Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Housing, Shelter / Senior Citizens' Housing/Retirement Communities (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$660k (2023)

Expenses
$643k (2023)

Total Assets
$756k (2023)

Total Liabilities
$1.67M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits 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.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending June
2024

No Extracted Financial Data

Form 990 documents are not available for this tax period, but audit documents are available for download.

Document Links

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$660,390
Expenses
$643,346
Net Income
$17,044
Net Assets
-$910,184
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $658,892
99.8%
Investment Income $162
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,336
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $755,819
Total Liabilities $1,666,003
Net Assets -$910,184
Compensation
Key Employees and Officers Compensation Related Other
Thurman Cole Iii (President) $0 $0 $0
Thomas E Burge (Treasurer) $0 $0 $0
Susan J Fassoles (Secretary) $0 $0 $0
James Davis (Vice President) $0 $0 $0
Alfred Grzeschik (Trustee) $0 $0 $0
John P Schermesser (Trustee) $0 $0 $0
Vicki Kepnes (Trustee) $0 $0 $0
Charles Seeley (Trustee) $0 $0 $0
Timothy Peterson (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$687,007
Expenses
$648,221
Net Income
$38,786
Net Assets
-$927,228
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $683,894
99.5%
Investment Income $96
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,017
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $858,663
Total Liabilities $1,785,891
Net Assets -$927,228
Compensation
Key Employees and Officers Compensation Related Other
Thurman Cole Iii (President) $0 $0 $0
Thomas E Burge (Treasurer) $0 $0 $0
Susan J Fassoles (Secretary) $0 $0 $0
James Davis (Vice President) $0 $0 $0
Alfred Grzeschik (Trustee) $0 $0 $0
John P Schermesser (Trustee) $0 $0 $0
Vicki Kepnes (Trustee) $0 $0 $0
Charles Seeley (Trustee) $0 $0 $0
Timothy Peterson (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$692,897
Expenses
$726,359
Net Income
-$33,462
Net Assets
-$966,014
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $692,771
100.0%
Investment Income $126
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
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 $867,671
Total Liabilities $1,833,685
Net Assets -$966,014
Compensation
Key Employees and Officers Compensation Related Other
Alfred Grzeschik (Trustee) $0 $0 $0
Thurman Cole Iii (President) $0 $0 $0
Thomas E Burge (Treasurer) $0 $0 $0
Susan J Fassoles (Secretary) $0 $0 $0
John P Schermesser (Trustee) $0 $0 $0
Jim Davis (Director) $0 $0 $0
Russel Friess (Trustee) $0 $0 $0
Vicki Kepnes (Trustee) $0 $0 $0
Charles Seeley (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$653,731
Expenses
$617,985
Net Income
$35,746
Net Assets
-$932,552
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $653,529
100.0%
Investment Income $202
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
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 $994,514
Total Liabilities $1,927,066
Net Assets -$932,552
Compensation
Key Employees and Officers Compensation Related Other
Alfred Grzeschik (Trustee) $0 $0 $0
Thurman Cole Iii (President) $0 $0 $0
Thomas E Burge (Treasurer) $0 $0 $0
Susan J Fassoles (Secretary) $0 $0 $0
John P Schermesser (Trustee) $0 $0 $0
Jim Davis (Director) $0 $0 $0
Russel Friess (Trustee) $0 $0 $0
Vicki Kepnes (Trustee) $0 $0 $0
Charles Seeley (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$646,113
Expenses
$599,352
Net Income
$46,761
Net Assets
-$968,298
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $645,904
100.0%
Investment Income $209
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
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 $966,155
Total Liabilities $1,934,453
Net Assets -$968,298
Compensation
Key Employees and Officers Compensation Related Other
Alfred Grzeschik (Trustee) $0 $0 $0
Thurman Cole Iii (President) $0 $0 $0
Thomas D Longworth (Secretary) $0 $0 $0
Thomas E Burge (Treasurer) $0 $0 $0
Susan J Fassoles (Trustee) $0 $0 $0
John P Schermesser (Trustee) $0 $0 $0
Jim Davis (Trustee) $0 $0 $0
Jay Feldman (Trustee) $0 $0 $0
Russel Friess (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$639,689
Expenses
$658,742
Net Income
-$19,053
Net Assets
-$1,015,059
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $639,538
100.0%
Investment Income $151
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
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 $1,014,619
Total Liabilities $2,029,678
Net Assets -$1,015,059
Compensation
Key Employees and Officers Compensation Related Other
Alfred Grzeschik (Trustee) $0 $0 $0
Thurman Cole Iii (President) $0 $0 $0
Thomas D Longworth (Secretary) $0 $0 $0
Thomas E Burge (Treasurer) $0 $0 $0
Susan J Fassoles (Trustee) $0 $0 $0
John P Schermesser (Trustee) $0 $0 $0
Jim Davis (Trustee) $0 $0 $0
Jay Feldman (Trustee) $0 $0 $0
Russel Friess (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$627,124
Expenses
$641,410
Net Income
-$14,286
Net Assets
-$996,006
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $627,006
100.0%
Investment Income $118
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
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 $1,053,704
Total Liabilities $2,049,710
Net Assets -$996,006
Compensation
Key Employees and Officers Compensation Related Other
Alfred Grzeschik (Trustee) $0 $0 $0
Thurman Cole Iii (President) $0 $0 $0
Thomas D Longworth (Secretary) $0 $0 $0
Thomas E Burge (Treasurer) $0 $0 $0
Susan J Fassoles (Trustee) $0 $0 $0
John P Schermesser (Trustee) $0 $0 $0
Jim Davis (Trustee) $0 $0 $0
Jay Feldman (Trustee) $0 $0 $0
Russel Friess (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$612,578
Expenses
$565,942
Net Income
$46,636
Net Assets
-$981,720
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $612,340
100.0%
Investment Income $238
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
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 $1,129,990
Total Liabilities $2,111,710
Net Assets -$981,720
Compensation
Key Employees and Officers Compensation Related Other
Alfred Grzeschik (Trustee) $0 $0 $0
Thurman Cole Iii (President) $0 $0 $0
Thomas D Longworth (Secretary) $0 $0 $0
Thomas E Burge (Treasurer) $0 $0 $0
Susan J Fassoles (Trustee) $0 $0 $0
John P Schermesser (Trustee) $0 $0 $0
Jim Davis (Trustee) $0 $0 $0
Jay Feldman (Trustee) $0 $0 $0
Russel Friess (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$603,956
Expenses
$696,140
Net Income
-$92,184
Net Assets
-$1,028,356
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $603,784
100.0%
Investment Income $172
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
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 $1,124,763
Total Liabilities $2,153,119
Net Assets -$1,028,356
Compensation
Key Employees and Officers Compensation Related Other
Alfred Grzeschik (Trustee) $0 $0 $0
Thurman Cole Iii (President) $0 $0 $0
Thomas D Longworth (Secretary) $0 $0 $0
Thomas E Burge (Treasurer) $0 $0 $0
Susan J Fassoles (Trustee) $0 $0 $0
John P Schermesser (Trustee) $0 $0 $0
Jim Davis (Trustee) $0 $0 $0
Jay Feldman (Trustee) $0 $0 $0
Russel Friess (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$598,210
Expenses
$654,730
Net Income
-$56,520
Net Assets
-$936,172
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $597,962
100.0%
Investment Income $248
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
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 $1,238,534
Total Liabilities $2,174,706
Net Assets -$936,172
Compensation
Key Employees and Officers Compensation Related Other
D Scott Shookman (Pres/Trustee) $0 $0 $0
Thruman Cole Iii (Vp/Trustee) $0 $0 $0
Thomas D Longworth (Sec/Trustee) $0 $0 $0
Thomas E Burge (Treas/Trustee) $0 $0 $0
Susan J Fassoles (Trustee) $0 $0 $0
John P Schermesser (Trustee) $0 $0 $0
Jim Davis (Trustee) $0 $0 $0
Jay Feldman (Trustee) $0 $0 $0
Russel Friess (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$591,808
Expenses
$750,114
Net Income
-$158,306
Net Assets
-$879,652
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $591,544
100.0%
Investment Income $264
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
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 $1,352,483
Total Liabilities $2,232,135
Net Assets -$879,652

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$585,361
Expenses
$624,753
Net Income
-$39,392
Net Assets
-$721,346
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $584,925
99.9%
Investment Income $436
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
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 $1,546,355
Total Liabilities $2,267,701
Net Assets -$721,346

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$570,805
Expenses
$565,805
Net Income
$5,000
Net Assets
-$681,954
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $570,296
99.9%
Investment Income $509
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
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 $1,571,373
Total Liabilities $2,253,327
Net Assets -$681,954

Document Links

Fiscal Year Ending June
2010

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 June
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 June
2008

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 June
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 June
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 June
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 June
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 June
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

Fiscal Year Ending June
2002

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.

Which Organizations Are Here?

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 »

Get the Data

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

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • 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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