Lakes of Fairhaven Homeowners

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2011

Legal Domicile

Phone

2818700585

Tax Period

2025-01-01 to 2025-12-31

Lakes of Fairhaven Homeowners, founded in 2011, is a small nonprofit in the Housing & Shelter sector that reported $767K in total revenue in fiscal year 2025.

Mission

The Association was established to perform services; maintain various common areas and perform community improvements; and enforce covenants of the declaration of a master planned community for a specific geographic area, in order to ensure the safety and welfare of the residents

Program Service Accomplishments

Program 1

Expenses: $735,300

The Association maintains all common areas, including but not limited to: parks, entrances, and esplanades. It supplies street lights, lake and irrigation water, and insurance services to provide for...

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $735,468

Investment Income $5,707

Other Revenue $26,073

TOTAL REVENUE $767,248

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $735,300

Other Expenses $780,036

TOTAL EXPENSES $780,036

Year-over-Year Comparison

	2025	2024	Change
Revenue	$767,248	$734,243	+0.0%
Expenses	$780,036	$668,445	+0.2%
Net Income	$-12,788	$65,798	-1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Darren Santeler	President	2.00	Officer Director	$0	$0	$0
Piers Cooper	Vice President	2.00	Officer Director	$0	$0	$0
Jentri Smith	SecretaryTreasurer	2.00	Officer Director	$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	$767,248	$780,036	$878,255	$-12,788
2024	No data	No data	No data	No data
2023	$735,955	$874,797	$833,972	$-138,842
2022	$706,438	$605,880	$958,752	$100,558
2021	$674,689	$603,414	$840,006	$71,275
2020	$664,510	$539,133	$782,111	$125,377
2019	$659,107	$609,520	$705,847	$49,587
2018	$611,662	$563,995	$593,235	$47,667