RESIDENT ASSOCIATION OF LAUREL LAKE RETIREMENT COMMUNITY OF HUDSON OH

EIN: 273718850 501(c)(3) Housing & Shelter

Hudson, OH

Total Revenue
$334,257
Total Expenses
$351,040
Total Assets
$32,789
Net Assets
$32,789
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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
OH
Principal Officer
Gretchen Green
Phone
3306554173
Tax Period
2025-01-01 to 2025-12-31

RESIDENT ASSOCIATION OF LAUREL LAKE RETIREMENT COMMUNITY OF HUDSON OH, founded in 2015, is a small nonprofit in the Housing & Shelter sector that reported $334K in total revenue in fiscal year 2025.

Mission

To provide a forum in which its members may discuss, evaluate and promote policies and activities that will enhance and protect the comfort, convenience and well-being of the Laurel Lake residents in a cost-effective manner.

Program Service Accomplishments

Program 1
Expenses: $299,694 Revenue: $296,344

EMPLOYEE RECOGNITION. The membership of the Association consists only of all residents of Laurel Lake Retirement Community, Inc. (LLRC), a continuing care retirement community, who have paid their...

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EMPLOYEE RECOGNITION. The membership of the Association consists only of all residents of Laurel Lake Retirement Community, Inc. (LLRC), a continuing care retirement community, who have paid their entrance fee to LLRC. LLRC prohibits all its employees and staff from accepting any gratuity from residents. In order to acknowledge and express their appreciation for services received, the Association conducts a fund-raising event among only its members and delivers all funds collected to LLRC for distribution to all employees and staff except LLRC's CEO and those senior managers who report directly to the CEO. Approximately 202 employees received a minimum payment (before taxes) of $51 up to a maximum of approximately $2,160, allocated based on hours worked. Approximately 83% of all residents contributed.

Program 2
Expenses: $41,346 Revenue: $41,346

RESIDENT PROGRAMS AND ACTIVITIES. As members transition from independent living to assisted living, long-term care and skilled-nursing care and eventually die, they or their survivors donate used...

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RESIDENT PROGRAMS AND ACTIVITIES. As members transition from independent living to assisted living, long-term care and skilled-nursing care and eventually die, they or their survivors donate used household furniture and other items to the Association. The Association sells these items to other members and to the general public. Funds received, except for nominal amounts spent for supplies and fees, are either used to plan, develop, implement and support social and educational programs and activities for its members, or are donated to non-profit organizations whose services benefit the Association's members. Recurring resident programs and activities have included supporting residents who plant and tend vegetable and flower gardens; knitting caps for children; hand make wooden toys at Christmas for needy children, growing, gathering, purchasing, arranging and delivering flowers to long-term care and skilled-nursing residents; maintaining a library of more than 5,220 volumes plus 671 DVDs; delivering used fabric and clothing for recycling or distribution to the poor and homeless; and organizing and presenting educational programs on recycling and care of the environment.

Program 3
Expenses: $10,000 Revenue: $10,000

Donation to the City of Hudson Emergency Medical Services for a L.U.C.A.S. device used in their ambulance during emergency transportation

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $333,043
Program Service Revenue $1,214
Investment Income $0
Other Revenue $0
TOTAL REVENUE $334,257

Expense Breakdown

Grants Paid $324,694
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $351,040
Other Expenses $26,346
TOTAL EXPENSES $351,040

Year-over-Year Comparison

2025 2024 Change
Revenue $334,257 $322,871 +0.0%
Expenses $351,040 $302,899 +0.2%
Net Income $-16,783 $19,972 -1.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
N/A
Employees
N/A
Volunteers
150

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Fran Sharp to 7-1-25 At-Large-Member 1.5
Director
$0 $0 $0
Bill Wooldredge Ex-Officio Board Member From 1-1-24 1.0
Director
$0 $0 $0
William Hopkins Assistant Treasurer From-2-15-23 4.0
Director
$0 $0 $0
Daniel Probert At-Large Member to 7-1=25 1.0
Director
$0 $0 $0
Rickie Greer From 7-1-24 At-Large Member 1.5
Director
$0 $0 $0
Judith Measel At-Large- Member 1.0
Director
$0 $0 $0
Carl Yost At-Large Member 1.5
Director
$0 $0 $0
Sandi Rubin-Wright to 6-30-25 At-Large- Member 2.0
Director
$0 $0 $0
Cathy Szell to 6-30-25 At-Large-Member 2.0
Director
$0 $0 $0
John Fitzgerald At-Large-Member 1.5
Director
$0 $0 $0
Sam Hazen At-Large-Member 2.0
Director
$0 $0 $0
Bill Bauer Ex-officio-Board-Member 1.0
Director
$0 $0 $0
Penny Frese At-Large-Member 1.0
Director
$0 $0 $0
Janet Goheen thru 6-30-25 President 3.0
Officer
$0 $0 $0
Laura Deeb From 10-1-22 Secretary 3.0
Officer
$0 $0 $0
Harold Albrecht Treasurer 4.0
Officer
$0 $0 $0
Gretchen Green From 7-1-25 President 4.0
Officer
$0 $0 $0
Curt Newill From 7-1-25 Vice President 3.0
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $334,257 $351,040 $32,789 $-16,783
2024 $322,871 $302,899 $49,572 $19,972
2023 $296,286 $311,974 $29,600 $-15,688
2022 $286,651 $282,658 $45,288 $3,993
2021 $283,208 $272,569 $41,295 $10,639
2020 $264,696 $267,344 $30,656 $-2,648
2019 $260,498 $297,670 $33,304 $-37,172
2018 $244,630 $233,485 $70,476 $11,145
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