Totals
- Total revenue
- $5,543,630
- Total expenses
- $4,234,534
- Contributions and grants received
- $3,010,367
- Grants paid
- $0
- Program service revenue
- $1,973,556
- Investment income
- $415,727
- Other revenue
- $143,980
- Total assets, end of year
- $28,426,698
- Total liabilities, end of year
- $6,700,443
- Net assets or fund balances, end of year
- $21,726,255
- Program services expenses (Part IX)
- $3,362,750
- Management and general expenses
- $530,598
- Fundraising expenses
- $341,186
- Program service expenses (Part III)
- $3,362,750
Program services were 79.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$2,492,231
-
1f · All other contributions, gifts and grants
$518,136
-
1g · Noncash contributions included above
$6,670
-
2a · Program service revenue: RENTAL INCOME
total $1,566,088 · related or exempt $1,566,088
-
2b · Program service revenue: MANAGEMENT FEES
total $365,507 · related or exempt $365,507
-
2c · Program service revenue: CLIENT SERVICE FEES
total $22,828 · related or exempt $22,828
-
2d · Program service revenue: OTHER FEES
total $19,133 · related or exempt $19,133
-
3 · Investment income
total $396,594 · excluded $396,594
-
7a · Gross sales of assets other than inventory
other assets $304,850
-
7b · Less cost or other basis and sales expenses
other assets $285,717
-
7c · Gain or loss
other assets $19,133
-
7d · Net gain or loss
total $19,133 · excluded $19,133
-
11d · All other revenue
total $143,980 · related or exempt $143,980
-
11e · Other revenue, total
$143,980
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $259,820 · program services $127,061 · management and general $105,020 · fundraising $27,739
-
7 · Other salaries and wages
total $1,179,574 · program services $847,877 · management and general $198,832 · fundraising $132,865
-
8 · Pension plan contributions
total $64,811 · program services $47,637 · management and general $10,972 · fundraising $6,202
-
9 · Other employee benefits
total $274,212 · program services $179,784 · management and general $67,074 · fundraising $27,354
-
10 · Payroll taxes
total $120,331 · program services $84,487 · management and general $24,981 · fundraising $10,863
-
11b · Fees: legal
total $23,878 · program services $3,485 · management and general $20,393
-
11c · Fees: accounting
total $32,455 · program services $2,555 · management and general $29,900
-
11g · Fees: other
total $116,500 · program services $30,397 · management and general $62,103 · fundraising $24,000
-
12 · Advertising and promotion
total $11,747 · program services $4,965 · management and general $481 · fundraising $6,301
-
13 · Office expenses
total $25,266 · program services $6,908 · management and general $17,266 · fundraising $1,092
-
14 · Information technology
total $109,451 · program services $30,248 · management and general $77,770 · fundraising $1,433
-
16 · Occupancy
total $70,728 · management and general $67,608 · fundraising $3,120
-
17 · Travel
total $40,157 · program services $30,200 · management and general $9,645 · fundraising $312
-
19 · Conferences, conventions and meetings
total $13,815 · program services $9,120 · management and general $4,695
-
20 · Interest
total $216,354 · program services $152,842 · management and general $63,512
-
22 · Depreciation, depletion and amortization
total $708,396 · program services $658,859 · management and general $49,537
-
23 · Insurance
total $216,174 · program services $174,082 · management and general $42,092
-
24a · Other expenses: ASSET MANAGEMENT
total $575,816 · program services $575,816
-
24b · Other expenses: CLIENT SERVICES
total $100,168 · program services $100,168
-
24c · Other expenses: ALLOCATION OF EXPENSES
total $0 · program services $300,259 · management and general -$357,260 · fundraising $57,001
-
24d · Other expenses: REAL ESTATE DEVELOPMENT
total -$4,294 · program services -$4,294
-
24e · All other expenses
total $79,175 · program services $294 · management and general $35,977 · fundraising $42,904
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $188,201 · end of year $189,209
-
2 · Savings and temporary cash investments
beginning of year $1,942,524 · end of year $1,873,292
-
3 · Pledges and grants receivable
beginning of year $81,600 · end of year $15,000
-
4 · Accounts receivable
beginning of year $678,138 · end of year $513,238
-
7 · Other notes and loans receivable
beginning of year $6,193,279 · end of year $4,573,755
-
9 · Prepaid expenses and deferred charges
beginning of year $99,597 · end of year $92,870
-
10a · Land, buildings and equipment: cost or other basis
$28,625,257
-
10b · Land, buildings and equipment: accumulated depreciation
$10,879,555
-
10c · Land, buildings and equipment, net
beginning of year $12,736,617 · end of year $17,745,702
-
12 · Investments: other securities
beginning of year $1,259,827 · end of year $905,249
-
13 · Investments: program-related
beginning of year $22,022 · end of year $22,022
-
14 · Intangible assets
end of year $1,385
-
15 · Other assets
beginning of year $3,441,613 · end of year $2,494,976
-
17 · Accounts payable and accrued expenses
beginning of year $269,211 · end of year $565,089
-
18 · Grants payable
beginning of year $240,163 · end of year $91,704
-
19 · Deferred revenue
end of year $11,917
-
23 · Secured mortgages and notes payable
beginning of year $3,950,735 · end of year $5,035,227
-
24 · Unsecured notes and loans payable
beginning of year $1,402,585 · end of year $859,760
-
25 · Other liabilities
beginning of year $114,207 · end of year $136,746
-
27 · Net assets without donor restrictions
beginning of year $19,308,510 · end of year $21,726,255
-
28 · Net assets with donor restrictions
beginning of year $1,358,007 · end of year $0
Mission and programs · 2022
Mission
LACASA WORKS WITH INDIVIDUALS AND COMMUNITY PARTNERS TO CREATE OPPORTUNITY FOR PERSONAL EMPOWERMENT, FAMILY STABILITY AND NEIGHBORHOOD VITALITY.
Activities or mission (Part I)
LACASA WORKS WITH INDIVIDUALS AND COMMUNITY PARTNERS TO CREATE OPPORTUNITY FOR PERSONAL EMPOWERMENT, FAMILY STABILITY AND NEIGHBORHOOD VITALITY. THIS MISSION IS CARRIED OUT THROUGH REAL ESTATE DEVELOPMENT, ASSET AND PROPERTY MANAGEMENT, FINANCIAL EMPOWERMENT, AND COMMUNITY BUILDING AND ENGAGEMENT.
-
ASSET AND PROPERTY MANAGEMENT: MANAGES LEASING AND MAINTENANCE FOR ALL LACASA-OWNED RENTAL PROPERTY AND PROVIDES SAFE, ATTRACTIVE AND AFFORDABLE HOUSING TO LOW- AND MODERATE-INCOME FAMILIES. AS OF THE END OF 2022, LACASA OWNED AND MANAGED 344 RENTAL UNITS LOCATED IN THE CITIES OF GOSHEN AND ELKHART, INDIANA. DURING 2022, LACASA COMPLETED AN 8-UNIT, 4 DUPLEX (ONE HISTORIC REHAB AND 3 NEW CONSTRUCTION) PROJECT IN A HISTORIC ARTS DISTRICT NEIGHBORHOOD NEAR DOWNTOWN ELKHART.
Expenses $2,211,759 · Revenue $1,690,418
-
REAL ESTATE DEVELOPMENT: MANAGES THE ACQUISITION OF PROPERTY, REHABILITATION AND/OR CONSTRUCTION OF HOUSING FOR RE-SALE TO HOMEBUYERS OR FOR LONG TERM RENTAL MANAGEMENT. DURING 2022, LACASA COMPLETED CONSTRUCTION ON 4 DUPLEXES IN ELKHART AND BEGAN REHABILITATION OF 7 SINGLE FAMILY UNITS IN GOSHEN, 4 OF WHICH ARE HISTORIC. LACASA COMPLETED AND SOLD ITS THIRD NEW CONSTRUCTION, FOR-SALE HOME IN A PILOT PROGRAM TO ASSESS THE USE OF MODULAR HOUSING TO REVITALIZE AGING AND UNDERSERVED NEIGHBORHOODS WITH NEW OWNER-OCCUPIED HOUSING. LACASA BEGAN CONSTRUCTION OF 8 FOR-SALE HOMES AS PART OF A PROGRAM DESIGNED TO IMPROVE THE QUALITY OF EXISTING HOUSING STOCK WHILE BENEFITING LOW-INCOME HOUSEHOLDS. FINALLY, AS PART OF LACASA'S HELP-A-HOUSE PROGRAM, 4 OWNER-OCCUPIED HOMES WERE REHABILITATED.
Expenses $553,395 · Revenue $65,456
-
FINANCIAL EMPOWERMENT CENTER: WORKS WITH LOW- AND MODERATE-INCOME FAMILIES AND COMMUNITY PARTNERS TO PREPARE FOR, PROVIDE AND MAINTAIN HOMEOWNERSHIP. IN 2020, LACASA REDESIGNED AND REPACKAGED ITS FINANCIAL TRAINING CURRICULUM UNDER THE "MASTER IT" UMBRELLA WITH MASTER YOUR MONEY, MASTER HOMEOWNERSHIP, MASTER YOUR DEBT, AND MASTER YOUR CREDIT. THESE CLASSES WERE ALSO REFORMATTED FOR DELIVERY IN A VIRTUAL ENVIRONMENT IN RESPONSE TO THE PANDEMIC. IN 2022, THESE CLASSES GRADUATED 149, 110, 32, AND 93, RESPECTIVELY. LACASA OFFERS INDIVIDUAL DEVELOPMENT SAVINGS ACCOUNTS USED FOR HOMEOWNERSHIP, SECONDARY EDUCATION, TRANSPORTATION NEEDS OR TO START A BUSINESS. IN 2022, 18 HOMEOWNERSHIP CLASS GRADUATES PURCHASED HOMES. LACASA ALSO OFFERS ONE-ON-ONE INDIVIDUAL COUNSELING FOR PRE- AND POST-PURCHASE.
Expenses $469,501 · Revenue $310,622
-
COMMUNITY BUILDING & ENGAGEMENT: EMPOWERS NEIGHBORS TO ORGANIZE AND REVERSE TRENDS THAT CAUSE NEIGHBORHOODS TO DETERIORATE AND EXPERIENCE SOCIAL AND FINANCIAL DISINVESTMENT. COMMUNITY BUILDING AND ENGAGEMENT PROVIDES EDUCATION AND ENCOURAGES NEIGHBORHOOD RESIDENTS TO COLLABORATE WITH LACASA AND CITY/COUNTY OFFICIALS IN MAKING DECISIONS THAT AFFECT THEIR NEIGHBORHOODS. LACASA'S GOAL IS THAT NEIGHBORHOODS SELECTED FOR DEVELOPMENT BECOME SAFE AND ATTRACTIVE PLACES WHERE FAMILIES CHOOSE TO INVEST THEIR TIME, MONEY AND OTHER RESOURCES. IN 2022, LACASA CONTINUED ITS HISTORICAL WORK WITH MULTIPLE NEIGHBORHOODS IN GOSHEN AND WITH THE TOLSON NEIGHBORHOOD IN SOUTH-CENTRAL ELKHART.
Expenses $128,095 · Revenue $51,040
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Deb JonesDEB JONES
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 0.8
-
Brett WeddellBRETT WEDDELL
CHAIR
- Total calculated
- $0
- Hours/week
- 0.8
-
Amber WolferAMBER WOLFER
TREASURER
- Total calculated
- $0
- Hours/week
- 0.8
-
Linda Schlabach MillerLINDA SCHLABACH MILLER
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.8
-
Eriberta PerezERIBERTA PEREZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.8
-
Alison RomeroALISON ROMERO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.8
-
Derald GrayDERALD GRAY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.8
-
Natasha KauffmanNATASHA KAUFFMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.8
-
Heidi Stoltzfus McHughHEIDI STOLTZFUS MCHUGH
CHIEF IMPACT OFFICER/INTERIM CEO
- Total calculated
- $97,952
- From this org
- $77,327
- From related orgs
- $0
- Other
- $20,625
- Hours/week
- 45
-
Amy CallAMY CALL
CFO
- Total calculated
- $100,228
- From this org
- $87,847
- From related orgs
- $0
- Other
- $12,381
- Hours/week
- 45
-
Chris KingsleyCHRIS KINGSLEY
FORMER PRESIDENT
- Total calculated
- $134,866
- From this org
- $106,024
- From related orgs
- $0
- Other
- $28,842
- Hours/week
- 45
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
LA CASA REAL ESTATE HOLDINGS LLC
REAL ESTATE · IN · income -$20,478 · assets $1,169
Directly controlled by LACASA OF GOSHEN INC
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
LINCOLN AVE REDEVELOPMENT LP
RELATED · REAL ESTATE RENTAL · IN · 0.01% owned · share of income -$35,544 · general or managing partner
Directly controlled by LINCOLN AVENUE HOUSING CORPORATION
-
ROOSEVELT CENTER LP
RELATED · REAL ESTATE RENTAL · IN · 0.01% owned · share of income -$294,470 · share of assets $354 · general or managing partner
Directly controlled by LACASA RC DEVELOPMENT CORPORATION
-
ELKHART SENIOR HOUSING LP
RELATED · REAL ESTATE RENTAL · IN · 0.1% owned · share of income -$258 · share of assets $3,471 · general or managing partner
Directly controlled by LACASA WTP DEVELOPMENT CORPORATION
-
HAWKS ARTS & ENTERPRISE CENTER LP
RELATED · REAL ESTATE RENTAL · IN · 0.01% owned · share of income -$30 · share of assets $4,873 · general or managing partner
Directly controlled by LACASA HAEP DEVELOPMENT LLC
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
LINCOLN AVENUE HOUSING CORPORATION
C · REAL ESTATE RENTAL · IN · 100% owned · controlled entity
-
LACASA RC DEVELOPMENT CORPORATION
C · REAL ESTATE RENTAL · IN · 100% owned · controlled entity
-
LACASA WTP DEVELOPMENT CORPORATION
C · REAL ESTATE RENTAL · IN · 100% owned · controlled entity
-
LACASA HAEP DEVELOPMENT LLC
C · REAL ESTATE RENTAL · IN · 100% owned · controlled entity
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333189349310538
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