LAKE FOREST SENIOR LIVING INC Charity Report

Public IRS 990 nonprofit record

LAKE FOREST SENIOR LIVING INC

EIN 14-1805657 · Senior Citizens Housing & Retirement Communities (L22)

What they do

LAKE FOREST is A NON-PROFIT RETIREMENT COMMUNITY SOLELY DEDICATED to SERVING SENIORS AGED 68 and OVER. EMPHASIS is PLEDGED ON HIGH QUALITY INDEPENDENT LIVING, COMBINED WITH EXCEPTIONAL SERVICES THAT FOCUS ON THE INDIVIDUALIZED NEEDS of RESIDENTS. EMPHASIS is DIRECTED TOWARD HEALTHY AGING and OPPORTUNITIES to ENGAGE IN MEANINGFULACTIVITIES and RELATIONSHIPS. THERE is A COMMITMENT to PROMOTING A TRUSTING, RESPECTFUL, and DIGNIFIED ENVIRONMENT. THESE QUALITIES ARE EMBEDDED IN THE MILIEU of AN AFFORDABLE, NON-SUBSIDIZED HOUSING COMMUNITY.FORM 990, PART III, LINE 4 - FIRST ACCOMPLISHMENTLAKE FOREST is PERCHED ON A 24-ACRE PARCEL ENCOMPASSING A 44-UNIT APARTMENT-STYLE SECURED BUILDING and 28 TOWN-STYLE DUPLEXES OVERLOOKING BEAUTIFUL LAKE CHAMPLAIN. LAKE FOREST is NESTLED IN THE ADIRONDACK MOUNTAINS, JUST ACCROSS THE LAKE FROM BURLINGTON, VERMONT, and ABOUT ONE HOUR NORTH of THE OLYMPIC VILLAGE of LAKE PLACID. HIKING, BOATING, SKIING, GOLFING, FISHING, and SWIMMING ARE JUST A FEW of THE OUTDO

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $88.20 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2025The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders12 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

70.82%of revenue went to mission work88.2% of expenses · Program services

$80.27spent for every $100 of revenueRevenue covered expenses this year.

9.44%of revenue went to management and office costs11.8% of expenses

$5.57in assets for every $1 spent this yearSome assets cannot be spent right away.

0.4%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $122,823 for BRIAN MINCHOFF (EXECUTIVE DIR.). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2025

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$2,542,333

Mission workProgram services$1,800,57970.82% of revenue88.2% of expenses

ManagementOffice and general costs$240,0349.44% of revenue11.8% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$501,72019.73% of revenueShown in gray on the chart

Total expenses$2,040,61380.27% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2025CurrentExpense mix: 88.2% mission · 11.8% management · 0.0% fundraisingTotal expenses: 80.27% of revenue

2024Expense mix: 88.4% mission · 12.4% management · 0.0% fundraisingTotal expenses: 78.01% of revenue

2023Expense mix: 88.9% mission · 11.1% management · 0.0% fundraisingTotal expenses: 82.52% of revenue

2022Expense mix: 90.3% mission · 9.7% management · 0.0% fundraisingTotal expenses: 88.35% of revenue

2021Expense mix: 77.2% mission · 22.8% management · 0.0% fundraisingTotal expenses: 97.06% of revenue

2020Expense mix: 78.0% mission · 22.0% management · 0.0% fundraisingTotal expenses: 103.85% of revenue

2019Expense mix: 74.5% mission · 25.5% management · 0.0% fundraisingTotal expenses: 98.73% of revenue

2018Expense mix: 80.8% mission · 19.2% management · 0.0% fundraisingTotal expenses: 102.62% of revenue

Money in and money out

Revenue$2,542,333

Expenses$2,040,613

Annual surplus $501,720 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,800,579 · 88.2% of expenses

Management and office costs$240,034 · 11.8% of expenses

See all reported dollar amounts

Revenue$2,542,333

Expenses$2,040,613

Assets$11,359,616

Income$2,542,333

Contributions$9,690

Mission work (program services)$1,800,579

Management and general$240,034

Executive compensation (total)$100,882

Stocks and bonds$2,749,916

Accounting fees$52,447

Investing fees$6,769

People

Leadership and board

Tax year 2025

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

BRIAN MINCHOFFEXECUTIVE DIR. · 40 hrs/week $122,823Base $97,126 · Other $25,697

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (12)

BRIAN MINCHOFFEXECUTIVE DIR.

CATHERINE KELLEHERDIRECTOR

DANA JEWELERSECRETARY

DEBORAH SHERMANDIRECTOR

JARED BURNSDIRECTOR

LAUREN TYLERTREASURER

MARIA ALEXANDERDIRECTOR

MAUREEN RYANDIRECTOR

MICHAEL MCCORMICKDIRECTOR

PETER STONEPRESIDENT

RICHARD LARCHEDIRECTOR

RYLEE FESETTEDIRECTOR

About this charity

Recognized since: January 1998
Location: 8 LAKE FOREST DRIVE, PLATTSBURGH, NY 12903-3963
County: Clinton
In care of: BRIAN MINCHOFF
Primary officer: BRIAN MINCHOFF, Executive Dir.

How to reach them

WebsiteVisit the charity’s website Emailinfo@onlakeforest.org Phone(518) 561-6431

Filing and classification

Latest tax year: 2025
Tax period began: January 1, 2025
Return type: 990
Tax preparer: MARTINDALE KEYSOR & CO PLLC
NTEE classification: Senior Citizens Housing & Retirement Communities (L22)
IRS tax category: Senior Citizens Housing & Retirement Communities