Charity Search / LAUREL LAKE RETIREMENT COMMUNITY INC
Arts, Culture & Humanities (A6B) 990 on File

LAUREL LAKE RETIREMENT COMMUNITY INC

EIN: 34-1481142 · HUDSON, OH 44236-2156 · United States · FY 2023 Data
3 out of 5 58 / 100 Based on 2+ years of filings
Financial strength (30%) 83/100
Reliability (20%) 55/100
Effectiveness (25%) 88/100
Impact (25%) No data yet
Financial data: FY 2023 · Scored 9/13/2026
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CharityAI™ Score
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Financial Overview — FY 2023
$29.9M
Total Revenue
$26.2M
Total Expenses
$24.2M
Net Assets
274
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 87.3%
Fundraising Efficiency N/A
Operating Reserve 11.09x
Liability-to-Asset 74.8%
Revenue Diversification 83.6%
Executive Compensation $539K
Compared with Peers
FY 2023
Compared with 655 similar organizations (United States, Arts, Culture & Humanities, $10M–$100M in expenses), FY 2023.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
87.3% 79.6%
P10P90
Top quarter
Admin expense ratio
Management and general / total expenses · lower is better
12.2% 13.1%
P10P90
Above median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.5% 6.0%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
11.1 mo 28.2 mo
P10P90
Bottom quarter
Liabilities to assets
Total liabilities / total assets · lower is better
74.8% 13.6%
P10P90
Bottom quarter
Revenue concentration
Share of revenue from the largest source · lower is better
83.6% 72.1%
P10P90
Below median
Revenue growth
Year over year revenue growth
17.9% -2.2%
P10P90
Expense growth
Year over year expense growth
1.9% 12.7%
P10P90
Surplus margin
Surplus as a share of revenue
12.5% 0.3%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2023 $29.9M $26.2M $24.2M 87.3% 274
2022 $25.4M $25.7M $20.0M 86.5% 277
2021 $26.9M $25.1M N/A — 305
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Organization Details
EIN
34-1481142
State
OH
City
HUDSON
ZIP
44236-2156
Classification
A6B
Category
Arts, Culture & Humanities
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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