Laurel Lake Retirement Community Inc
200 Laurel Lake Dr, Hudson, OH · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $28,334,680 | $26,290,826 | $28,258,196 |
| FY2023 | $29,916,271 | $26,185,795 | $24,194,040 |
| FY2022 | $25,377,674 | $25,697,038 | $19,984,828 |
| FY2021 | $26,906,563 | $25,091,330 | $21,728,327 |
| FY2020 | $25,976,020 | $24,364,467 | $18,130,014 |
| FY2019 | $24,879,963 | $23,867,867 | $16,115,420 |
| FY2018 | $26,345,147 | $23,497,506 | $14,581,367 |
| FY2017 | $26,711,734 | $22,428,551 | $12,585,277 |
| FY2016 | $24,655,709 | $21,870,022 | $7,844,550 |
| FY2015 | $24,568,343 | $21,411,134 | $4,925,518 |
| FY2014 | $24,140,089 | $22,656,621 | $1,768,309 |
| FY2013 | $25,609,783 | $21,021,226 | $0 |
| FY2012 | $23,763,508 | $20,843,508 | $6,313,983 |
| FY2011 | $22,199,393 | $20,572,473 | $1,026,860 |
Form 990 filings
The returns filed by Laurel Lake Retirement Community Inc (EIN 34-1481142), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $1,147,174 | 4% |
| Program service revenue | $26,161,143 | 92% |
| Other revenue | $1,026,363 | 4% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $23,353,476 | 89% |
| Management & general | $2,707,046 | 10% |
| Fundraising | $230,304 | 1% |
What the numbers show
- Program service revenue made up 92% of total revenue in FY2024.
- Program services accounted for 89% of functional expenses, management & general 10%, and fundraising 1%.
- 89% of functional expenses went to program services in FY2024. That is higher than 94.7% of 38 Arts, Culture & Humanities organizations in OH.
- Net assets covered about 12.9 months of expenses at the end of the reporting year. That puts it in the 38th percentile among 1174 Arts, Culture & Humanities organizations in OH.
- Total revenue was higher than 98.9% of 1192 Arts, Culture & Humanities organizations in OH.
- Total revenue rose from $22,199,393 in FY2011 to $28,334,680 in FY2024. Revenue increased in 8 and decreased in 5 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 1 of 14 reported years (FY2022).
- The highest revenue on record here is $29,916,271 in FY2023.
- Net assets grew from $1,026,860 to $28,258,196 between FY2011 and FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
A RETIREMENT COMMUNITY OF CHOICE FOR ADULTS WHO ASPIRE TO LEAD LIVES FILLED WITH MEANING, PURPOSE, AND LIFELONG OPPORTUNITIES FOR GROWTH AND SERVICE.
IRS status
| Ruling year | 1985 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | A6B — Arts, Culture & Humanities (in OH) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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