LAKE PRINCE CENTER Charity Report

Public IRS 990 nonprofit record

LAKE PRINCE CENTER

EIN 56-2151716 · Senior Citizens Housing & Retirement Communities (L22)

What they do

A CHRISTIAN MINISTRY PROVIDING VIBRANT LIVING, DIVERSE EDUCATION PROGRAMS of OUTREACH and COMPASSIONATE SERVICES.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $64.40 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 2023The report may be old. Ask for a newer one.

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

They name their leaders17 people are listed in the latest report.

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

Money made simple

66.62%of revenue went to mission work64.4% of expenses · Program services

$103.39spent for every $100 of revenueSpending was higher than revenue this year.

36.77%of revenue went to management and office costs35.6% of expenses

$2.06in 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.

Worth asking: Expenses exceeded revenue by $576,401 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $257,931 for JUDY RAYMOND (EXECUTIVE DIRECTOR). 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 2023

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$16,995,302

Mission workProgram services$11,321,83566.62% of revenue64.4% of expenses

ManagementOffice and general costs$6,249,86836.77% of revenue35.6% of expenses

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

Total expenses$17,571,703103.39% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

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

2023CurrentExpense mix: 64.4% mission · 35.6% management · 0.0% fundraisingTotal expenses: 103.39% of revenue

2022Expense mix: 65.2% mission · 34.8% management · 0.0% fundraisingTotal expenses: 100.12% of revenue

2021Expense mix: 92.7% mission · 7.3% management · 0.0% fundraisingTotal expenses: 105.62% of revenue

2020Expense mix: 92.6% mission · 7.4% management · 0.0% fundraisingTotal expenses: 110.68% of revenue

2019Expense mix: 91.4% mission · 8.6% management · 0.0% fundraisingTotal expenses: 96.03% of revenue

2018Expense mix: 92.8% mission · 7.2% management · 0.0% fundraisingTotal expenses: 103.77% of revenue

2017Expense mix: 92.8% mission · 7.2% management · 0.0% fundraisingTotal expenses: 99.81% of revenue

2016Expense mix: 92.7% mission · 7.3% management · 0.0% fundraisingTotal expenses: 100.03% of revenue

Money in and money out

Revenue$16,995,302

Expenses$17,571,703

Annual shortfall $576,401 Expenses were higher than revenue 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)$11,321,835 · 64.4% of expenses

Management and office costs$6,249,868 · 35.6% of expenses

See all reported dollar amounts

Revenue$16,995,302

Expenses$17,571,703

Assets$36,229,408

Income$17,010,626

Contributions$64,880

Mission work (program services)$11,321,835

Management and general$6,249,868

Executive compensation (total)$171,493

Stocks and bonds$1,597,004

Investing fees$3,525

People

Leadership and board

Tax year 2023

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

People reported as paid

Person and titleCompensation

JUDY RAYMONDEXECUTIVE DIRECTOR · 40 hrs/week $257,931Base $222,510 · Other $35,421

TAMMY GARRETTDIRECTOR OF MARKETING · 40 hrs/week $152,701Base $149,513 · Other $3,188

BRANDI SPIVEYADMINISTRATOR HOME HEALTH · 40 hrs/week $119,976Base $108,365 · Other $11,611

LEE SYRIAPRESIDENT AND CEO $48,900Base · Other $48,900

TAMMY JONESCFO $33,710Base · Other $33,710

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 (17)

JUDY RAYMONDEXECUTIVE DIRECTOR

TAMMY GARRETTDIRECTOR OF MARKETING

BRANDI SPIVEYADMINISTRATOR HOME HEALTH

LEE SYRIAPRESIDENT AND CEO

TAMMY JONESCFO

GREGORY ALCORNSECRETARY

HUNTER MARCHBOARD MEMBER

JEFF GILLIAMBOARD MEMBER

CORY TOBINBOARD MEMBER

JULIUS ABERNETHYBOARD MEMBER

LARRY BOLICKBOARD MEMBER

BRAD THIEVICE CHAIR

MARGIE WILEYBOARD MEMBER

PARKER HOWELLCHAIR

SHANE SMITHBOARD MEMBER

ANTHONY BRANCHBOARD MEMBER

ALLEN GRAYBOARD MEMBER

About this charity

Recognized since: January 1999
Location: 100 LEONARD AVENUE, NEWTON, NC 28658
County: Catawba
In care of: LEE SYRIA
Primary officer: LEE SYRIA, PRESIDENT & CEO OF RELATED ORG

How to reach them

WebsiteVisit the charity’s website Phone(828) 465-8019

Filing and classification

Latest tax year: 2023
Tax period began: October 1, 2023
Return type: 990
Tax preparer: CLIFTONLARSONALLEN LLP
NTEE classification: Senior Citizens Housing & Retirement Communities (L22)
IRS tax category: Senior Citizens Housing & Retirement Communities