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Walnut Lake Estates INC FY2023 filing

Not tax-deductible

W Bloomfield, MI501(c)(4)Since 1948 EIN 38-6091605Revenue $86K in FY2023Latest return filed May 6, 2026

On file with the IRSW Bloomfield, MITax-exempt since Oct 1949

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To maintain organization property and grounds for residents of the community.

Form 990 Part I, line 1, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 38-6091605) · Dispute this line
501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $10K a year · 11% of revenue · last 3 filings
A surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
2.1 mo
of spending, in cash
2.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
0
of 4 voting members
None of 4 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$86K
Spent
$96K
To programs
100%
Net assets
$2.4M
By yearFY2023–FY2025
Revenue
$86K
FY2023
Tap a bar for its year
Revenue by fiscal year
FY2023$86K
FY2024$95K
FY2025$99K
Expenses
$96K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2023$96K
FY2024$72K
FY2025$82K
Net assets
$2.4M
FY2023
Tap a bar for its year
Net assets by fiscal year
FY2023$2.4M
FY2024$2.4M
FY2025$2.4M

From the FY2023 Form 990 (year ending September 2023) · see the original

990 PDF Support Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1949.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $96K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Katie Parker
President
$0Pt VII · Sec A
Geoff Shaule
Vice President
$0Pt VII · Sec A
Steve London
Treasurer
$0Pt VII · Sec A
Evan Peacock
Secretary
$0Pt VII · Sec A
See Walnut Lake Estates INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Maintains community property and grounds for residents.

Questions for Walnut Lake Estates INC

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1 program · $96K · in their own filed words · FY2022
01

Dues and fees to maintain organization property for the benefit

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 38-6091605) · Dispute this line
$96Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$86K
Ln 12
Gifts and grantsLn 1h$86K
Investment incomeLn 3$1
Money outPt IX
$96K
Ln 25
Programscol B$96K
Owns and owesPt X
$2.4M
net assets · Ln 32
Cash and savingsLn 1–2$17K
Total assetsLn 16$2.4M
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$86K
Investment incomeLn 3$1
Total revenueLn 12$86K
Assets in detailPt X, end of year
CashLn 1$17K
Cash and savings togetherLn 1–2$17K
Land, buildings, equipmentLn 10c$2.4M
Total assetsLn 16$2.4M
LiabilitiesLn 26$0
Net assetsLn 32$2.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$27K$17K
Land, buildings, equipmentLn 10c$2.4M$2.4M
Total assetsLn 16$2.4M$2.4M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.4M$2.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$28K$28K
OccupancyLn 16$21K$21K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$43K$43K
All other expensesLn 24e$995$995
Total functional expensesLn 25$96K$96K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 6, 2026 $99K$82K$17K$2.4M 990 PDF
FY2024Filed with the IRS May 15, 2025 $95K$72K$24K$2.4M 990 PDF
FY2023 ViewingFiled with the IRS Apr 1, 2024 $86K$96K−$10K$2.4M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2023 990
Part I · Summary $85,960 revenue, 12 lines filed
I-8 Contributions and grants$85,959
I-9 Program service revenue$0
I-10 Investment income$1
I-11 Other revenue$0
I-12 Total revenue$85,960
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$96,271
I-18 Total expenses$96,271
I-19 Revenue less expenses−$10,311
Part VI · Governance 0 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $85,960 across 5 lines filed
VIII-1b Membership dues$85,959
VIII-1h Total contributions, gifts and grants$85,959
VIII-3 Investment incomeRelated to mission $1$1
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $1$85,960
Part IX · Statement of functional expenses $96,271 across 5 lines filed
IX-11a Management feesPrograms $28,000$28,000
IX-16 OccupancyPrograms $21,309$21,309
IX-23 InsurancePrograms $3,010$3,010
IX-24 Other expenses (24a–d)Programs $42,957$42,957
IX-24e All other expensesPrograms $995$995
IX-25 Total functional expensesPrograms $96,271 · Management $0 · Fundraising $0$96,271
Part X · Balance sheet $2,393,911 assets, 8 lines filed
Net asset lines not itemized here account for −$2,393,911. See the IRS return.
X-1 Cash, non-interest-bearingStart of year $27,222$16,911
X-10c Land, buildings and equipment, netStart of year $2,377,000$2,377,000
X-16 Total assetsStart of year $2,404,222$2,393,911
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $2,404,222$2,393,911
X-31 Retained earnings or endowmentStart of year $2,404,222$2,393,911
X-32 Total net assets or fund balancesStart of year $2,404,222$2,393,911
X-33 Total liabilities and net assetsStart of year $2,404,222$2,393,911
Part XI · Reconciliation of net assets $2,393,911 net assets at year end
XI-1 Total revenue$85,960
XI-2 Total expenses$96,271
XI-3 Revenue less expenses−$10,311
XI-4 Net assets at start of year$2,404,222
XI-10 Net assets at end of year$2,393,911

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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