Public Charity

LAKE PARSIPPANY PROPERTY OWNERS ASSOCIATION INC

LAKE PARSIPPANY PROPERTY OWNERS ASSOCIATION INC is a Public Charity headquartered in PARSIPPANY, NJ. Financial data from the 2024 filing: $512K revenue, $523K expenses, $812K total assets.

EIN: 221054157 PARSIPPANY, NJ Neighborhood & Block Associations NTEE: S22 Latest filing: 2024
Total Revenue$512K
Total Expenses$523K
Total Assets$812K
Grant Records0
Filing Years2020–2024

Mission

CONSISTENT WITH THE PAST, WE CONTINUE TO PROVIDE RECREATION ACTIVITIES TO OUR MEMEMBERS SUCH AS SWIMMING, FISHING, BOATING AND OTHER INTRAMURAL SPORTS. AS WE ARE A LAKE COMMUNITY SITUATION IN NEW JERSEY, OUR LOCAL CLIMATE GREATLY IMPACTS THE USE OF OUR LAKE BY OUR MEMBERS WITH THE SUMMER SEASON BEING THE PERIOD OF GREATEST USAGE. A SMALL PORTION OF THE REVENUE IS DERIVED FROM THE RENTAL OF OUR OWNED CLUBHOUSE WHERE MEMEBERS AND NON-MEMBERS MAY RENT THE FACILITY TO HOST A PRIVATE EVENT (E.G. BIRTHDAY, GRADUATION, ETC...)

Officers & Directors

SECRETARY Daniel Nazzaro
REPRESENTATIVE Darshana Kalavadia
DISTRICT REPRES Deepak Chandak
REPRESENTATIVE Deepa Tailor
REPRESENTATIVE Donald Phelps
REPRESENTATIVE Jagdish Prajapati

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2024 $512K $523K $812K
2023 $446K $501K $648K
2022 $470K $458K $725K
2021 $503K $351K $615K
2020 $672K $367K $712K

Between 2020 and 2024, reported annual revenue declined from $672K to $512K (-24%), with total assets most recently reported at $812K.

Interactive year-over-year charts and full filing details available with membership.

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