Charity Search / LAPEER DEVELOPMENT CORPORATION
Community Improvement (S30) 990 on File

LAPEER DEVELOPMENT CORPORATION

EIN: 38-2380236 · LAPEER, MI 48446-2555 · United States · FY 2025 Data
3 out of 5 58 / 100 Based on 2+ years of filings
Financial strength (30%) 95/100
Reliability (20%) 50/100
Effectiveness (25%) 78/100
Impact (25%) No data yet
Financial data: FY 2025 · Scored 9/13/2026
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CharityAI™ Score
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Financial Overview — FY 2025
$448K
Total Revenue
$337K
Total Expenses
$856K
Net Assets
3
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 81.1%
Fundraising Efficiency N/A
Operating Reserve 30.49x
Liability-to-Asset 9.6%
Revenue Diversification 80.4%
Executive Compensation $131K
Compared with Peers
FY 2025
Compared with 2,137 similar organizations (United States, Community Improvement, $100K–$1M in expenses), FY 2025.
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
81.1% 84.4%
P10P90
Below median
Admin expense ratio
Management and general / total expenses · lower is better
18.9% 12.7%
P10P90
Below median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 0.0%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
30.5 mo 11.1 mo
P10P90
Above median
Liabilities to assets
Total liabilities / total assets · lower is better
9.6% 2.2%
P10P90
Below median
Revenue concentration
Share of revenue from the largest source · lower is better
80.4% 91.6%
P10P90
Above median
Revenue growth
Year over year revenue growth
18.0% 4.2%
P10P90
Expense growth
Year over year expense growth
2.1% 8.4%
P10P90
Surplus margin
Surplus as a share of revenue
24.7% 2.7%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2025 $448K $337K $856K 81.1% 3
2024 $379K $330K $746K 75.3% 3
2023 $178K $233K $697K 70.3% 3
2022 $179K $232K $751K 71.0% 5
2021 $240K $188K N/A 4
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Organization Details
EIN
38-2380236
State
MI
City
LAPEER
ZIP
48446-2555
Classification
S30
Category
Community Improvement
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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