Lake Area Development Corporation
Geneva, New York
BHealth Score
62B
Financial Health Score
8-metric score across financial health, operational efficiency, and resilience. Based on IRS Form 990 filing data.
Above Average
💰
$1.4M
Total Revenue
📊
$263K
Total Expenses
🏦
$702K
Net Assets
📋
$1.9M
Total Liabilities
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Revenue Growth
+133.4%
Year-over-year change (2022 → 2023)
Net Margin
+81.4%
Revenue minus expenses as % of revenue
Working Capital Ratio
2.68
Net assets divided by total expenses
Liabilities-to-Assets
73.2%
Total liabilities as % of total assets
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $1,415,045↑133% | $262,543↓54% | $2,621,654↓4% | — |
| 2022 | $606,368↑15% | $568,823↓1% | $2,717,301↑72% | — |
| 2021 | $526,387↓1% | $577,208↑2% | $1,579,833↓3% | — |
| 2020 | $530,988↑3% | $567,149↓6% | $1,623,222↓7% | — |
| 2019 | $515,833↓4% | $600,434↑8% | $1,737,553↓7% | — |
| 2018 | $536,001↓1% | $556,451↑6% | $1,863,245↓6% | — |
| 2017 | $543,371↑1% | $525,538 | $1,976,090↓5% | — |
| 2016 | $536,647↓10% | $527,274↓5% | $2,086,287↓2% | — |
| 2015 | $598,544↑5% | $556,576 | $2,127,717↓5% | — |
| 2014 | $571,455↑9% | $553,930↑9% | $2,247,798↓3% | — |
| 2013 | $526,102 | $510,031↓5% | $2,315,350↓4% | — |
| 2012 | $525,280↑4% | $538,009↑3% | $2,402,016↓4% | — |
| 2011 | $505,227 | $522,928 | $2,504,741 | — |
Frequently Asked Questions
What does Lake Area Development Corporation do?▼
Lake Area Development Corporation is a housing & shelter nonprofit organization based in New York. It is classified under NTEE code L80 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Lake Area Development Corporation financially healthy?▼
Financial health scoring requires Form 990 filing data. Check back as we process more filings for Lake Area Development Corporation.
How much revenue does Lake Area Development Corporation generate?▼
Lake Area Development Corporation reports $1.4M in annual revenue and holds $2.6M in total assets, based on IRS filings.
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