2026-05-14T09:04:27-05:00 2025-06-30 450250958 EIDE BAILLY LLP 18081 BURT ST STE 200 OMAHA NE 680224722 990 2024-07-01 341343665 LAKES SENIOR HOUSING INC LAKE 3307624011 730 WEST MARKET STREET AKRON OH 44303 JAMES DAVIS PRESIDENT 3307624011 2026-05-12 1 1 MEGAN L KOZIOL CPA P01544037 4023302660 2026-04-22 2024 2025-03-06 01:10:19Z JAMES DAVIS 730 WEST MARKET STREET AKRON OH 44303 746545 0 X N/A X 1979 OH OWN AND OPERATE LOW-INCOME HOUSING FOR ELDERLY AND HANDICAPPED PERSONS 9 9 0 11 0 0 0 0 731663 745076 271 312 1061 1157 732995 746545 0 0 0 0 0 0 0 0 0 646302 648454 646302 648454 86693 98091 808003 851845 1631494 1577245 -823491 -725400 LOW-INCOME HOUSING FOR ELDERLY AND HANDICAPPED PERSONS 0 0 614538 745076 THE ORGANIZATION OPERATES LOW-INCOME HOUSING FOR ELDERLY AND HANDICAPPED PERSONS. THE FACILITY CONSISTS OF 45 UNITS AND IS REGULATED BY HUD. 614538 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 8 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 OH X BRENT MEYER 3307624011 730 W MARKET ST AKRON OH 44303 X JAMES DAVIS PRESIDENT 1.00 X X 0 0 0 CHARLES SEELEY VICE PRESIDENT 1.00 X X 0 0 0 SUSAN J FASSOLES SECRETARY 1.00 X X 0 0 0 THOMAS E BURGE TREASURER 1.00 X X 0 0 0 ALFRED GRZESCHIK TRUSTEE 1.00 X 0 0 0 JOHN P SCHERMESSER TRUSTEE 1.00 X 0 0 0 VICKI KEPNES TRUSTEE 1.00 X 0 0 0 STEVE HESS TRUSTEE 1.00 X 0 0 0 JON VIELHABER TRUSTEE 1.00 X 0 0 0 0 0 0 0 0 0 0 0 RENTAL INCOME 531110 740115 740115 TENANT CHARGES 531110 2653 2653 LAUNDRY AND VENDING 531110 2308 2308 745076 312 312 MISCELLANEOUS REVENUE 900099 1157 1157 1157 746545 745076 0 1469 X 28080 28080 15 15 14405 14405 224446 209086 15360 7054 7054 23835 19699 4136 4149 4149 194440 194440 946 946 53392 53392 17196 17196 7097 7097 MAINTENANCE 61769 61769 SOCIAL SERVICES 11425 11425 MISCELLANEOUS EXPENSE 205 205 648454 614538 33916 0 100 100 68096 56139 11 3234 32451 39918 2572000 2286605 294197 285395 413148 467059 808003 851845 61877 70102 898 3013 1549312 1484495 19407 19635 1631494 1577245 X -823491 -725400 -823491 -725400 808003 851845 98091 0 X X 0 1 X 1 1 1 X 692771 683894 658892 731663 745076 3512296 692771 683894 658892 731663 745076 3512296 0 0 0 3512296 126 96 162 271 312 967 126 96 162 271 312 967 3017 1336 1061 1157 6571 692897 687007 660390 732995 746545 3519834 0.99790 0.99820 0.00030 0.00030 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2021 AMOUNT: $ 3,017. 2022 AMOUNT: $ 1,336. 2023 AMOUNT: $ 1,061. 2024 AMOUNT: $ 1,157. 92092 92092 2221889 2055791 166098 190611 178309 12302 67408 52505 14903 285395 MORTGAGE ESCROW 27265 REPLACEMENT RESERVE 368705 RESIDUAL RECEIPTS 71089 467059 SECURITY DEPOSITS 19635 19635 X 746545 0 746545 0 746545 648454 0 648454 0 648454 PART X, LINE 2: MANAGEMENT BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY INCOME TAX POSITIONS TAKEN, AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. FORM 990, PART VI, SECTION A, LINE 3 SUMMIT MANAGEMENT MANAGES THE DAY TO DAY OPERATIONS OF THE AFFORDABLE HOUSING PROJECT, WHICH MAKES UP 100% OF THE NONPROFIT'S ASSETS AND ACTIVITIES. SUMMIT MANAGEMENT PROVIDES THE ACCOUNTING SERVICES FOR THE OPERATIONS OF THE AFFORDABLE HOUSING PROJECT OWNED BY LAKES SENIOR HOUSING. LAKES SENIOR HOUSING HAS NO DIRECT EMPLOYEES AND NO EMPLOYEES OF SUMMIT MANAGEMENT ARE MEMBERS OF THE BOARD OF LAKES SENIOR HOUSING. SUMMIT MANAGEMENT DOES PREPARE THE OPERATING BUDGET FOR THE PROJECT, HOWEVER, APPROVAL OF THAT BUDGET AND ANY OTHER MAJOR DECISIONS ON POLICIES AND GOVERNANCE OF LAKE SENIOR HOUSING REMAIN WITH THE INDEPENDENT BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH BROAD AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED WITH THE PRESIDENT OF THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 15 THERE ARE NO COMPENSATED OFFICERS OF THE ORGANIZATION, THEREFORE THERE IS NO PROCESS IN PLACE TO DETERMINE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATIONS MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OFFICE SERVICES: PROGRAM SERVICE EXPENSES 36,765. MANAGEMENT AND GENERAL EXPENSES 15,360. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 52,125. MANAGER SERVICES: PROGRAM SERVICE EXPENSES 53,485. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 53,485. MAINTENANCE CONTRACTS: PROGRAM SERVICE EXPENSES 118,836. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 118,836. FORM 990, PART XII, LINE 2C: THE BOARD OF TRUSTEES ASSUMES RESPONSIBILITY FOR THE AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.