Form 990 for tax year 2022

Filed by LACONIA AREA COMMUNITY LAND TRUST.

Totals

Total revenue: $2,294,982
Total expenses: $2,132,678
Contributions and grants received: $1,013,236
Grants paid: $0
Program service revenue: $1,235,883
Investment income: $33,333
Other revenue: $12,530
Total assets, end of year: $15,130,860
Total liabilities, end of year: $4,192,542
Net assets or fund balances, end of year: $10,938,318
Program services expenses (Part IX): $1,873,575
Management and general expenses: $198,612
Fundraising expenses: $60,491
Program service expenses (Part III): $1,873,575

Program services were 87.9% 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.

1a · Federated campaigns

$30,463
1e · Government grants (contributions)

$452,966
1f · All other contributions, gifts and grants

$529,807
1g · Noncash contributions included above

$13,713
2a · Program service revenue: RENTAL INCOME

total $895,595 · related or exempt $895,595
2b · Program service revenue: DEVELOPER FEES

total $312,000 · related or exempt $312,000
2c · Program service revenue: RESIDENT SERVICE FEES

total $28,288 · related or exempt $28,288
3 · Investment income

total $33,333 · excluded $33,333
11a · Other revenue: CAPITAL DISTRIBUTION F

total $6,282 · related or exempt $6,282
11b · Other revenue: MANAGEMENT INCENTIVE F

total $5,248 · related or exempt $5,248
11c · Other revenue: CONTRACTED SERVICE FEE

total $1,000 · related or exempt $1,000
11e · Other revenue, total

$12,530

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $122,593 · program services $71,009 · management and general $22,662 · fundraising $28,922
6 · Compensation of disqualified persons

total $449,849 · program services $337,452 · management and general $107,891 · fundraising $4,506
8 · Pension plan contributions

total $16,638 · program services $11,872 · management and general $3,794 · fundraising $972
9 · Other employee benefits

total $74,209 · program services $52,952 · management and general $16,924 · fundraising $4,333
10 · Payroll taxes

total $44,928 · program services $32,058 · management and general $10,246 · fundraising $2,624
11a · Fees: management

total $72,141 · program services $72,141
11b · Fees: legal

total $713 · program services $500 · management and general $173 · fundraising $40
11c · Fees: accounting

total $41,534 · program services $32,803 · management and general $7,096 · fundraising $1,635
11g · Fees: other

total $13,815 · program services $9,684 · management and general $3,357 · fundraising $774
12 · Advertising and promotion

total $10,583 · fundraising $10,583
13 · Office expenses

total $22,556 · program services $16,970 · management and general $4,540 · fundraising $1,046
16 · Occupancy

total $338,661 · program services $334,097 · management and general $3,709 · fundraising $855
17 · Travel

total $3,546 · program services $3,357 · management and general $154 · fundraising $35
20 · Interest

total $8,418 · program services $8,418
22 · Depreciation, depletion and amortization

total $208,711 · program services $194,307 · management and general $11,706 · fundraising $2,698
23 · Insurance

total $62,181 · program services $59,363 · management and general $2,290 · fundraising $528
24a · Other expenses: REPAIRS AND MAINTENANCE

total $261,062 · program services $259,322 · management and general $1,413 · fundraising $327
24b · Other expenses: PROJECT FEASIBILITY

total $245,711 · program services $245,711
24c · Other expenses: SUPPORTIVE SERVICES

total $56,088 · program services $56,088
24d · Other expenses: TAKE THE WHEEL

total $40,820 · program services $40,820
24e · All other expenses

total $37,921 · program services $34,651 · management and general $2,657 · fundraising $613

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $535,319 · end of year $401,238
2 · Savings and temporary cash investments

beginning of year $1,890,064 · end of year $1,536,736
3 · Pledges and grants receivable

beginning of year $2,460,356 · end of year $1,543,094
4 · Accounts receivable

beginning of year $625,908 · end of year $1,049,403
7 · Other notes and loans receivable

beginning of year $1,483,872 · end of year $1,884,795
9 · Prepaid expenses and deferred charges

beginning of year $70,529 · end of year $65,246
10a · Land, buildings and equipment: cost or other basis

$8,806,397
10b · Land, buildings and equipment: accumulated depreciation

$1,981,796
10c · Land, buildings and equipment, net

beginning of year $6,934,020 · end of year $6,824,601
11 · Investments: publicly traded securities

beginning of year $496,148 · end of year $423,409
13 · Investments: program-related

beginning of year $1,065,262 · end of year $1,065,262
14 · Intangible assets

beginning of year $3,761 · end of year $2,842
15 · Other assets

beginning of year $334,700 · end of year $334,234
17 · Accounts payable and accrued expenses

beginning of year $45,365 · end of year $44,600
19 · Deferred revenue

beginning of year $17,127 · end of year $32,771
23 · Secured mortgages and notes payable

beginning of year $3,778,966 · end of year $4,042,971
25 · Other liabilities

beginning of year $370,482 · end of year $72,200
27 · Net assets without donor restrictions

beginning of year $7,449,738 · end of year $9,321,734
28 · Net assets with donor restrictions

beginning of year $4,238,261 · end of year $1,616,584

Mission and programs · 2022

Mission

LRCD'S MISSION IS TO CREATE OPPORTUNITIES FOR THE LAKES REGION TO THRIVE BY DEVELOPING HEALTHY HOMES, CREATING VIBRANT COMMUNITY ASSETS, AND ENGAGING RESIDENTS.

Activities or mission (Part I)

LAKES REGION COMMUNITY DEVELOPERS' ("LRCD") MISSION IS TO CREATE OPPORTUNITIES FOR THE LAKES REGION TO THRIVE BY DEVELOPING HEALTHY HOMES, CREATING VIBRANT COMMUNITY ASSETS, AND ENGAGING RESIDENTS.

RENTAL PROPERTIES AND ASSET MANAGEMENT - LRCD RETAINED THE SERVICES OF A THIRD PARTY MANAGEMENT AGENT FOR ITS PORTFOLIO OF PROPERTIES EFFECTIVE APRIL 1, 2006. LRCD PROVIDES ASSET MANAGEMENT SERVICES RELATED TO THOSE PROPERTIES.

Expenses $1,113,905 · Revenue $907,720
REAL ESTATE DEVELOPMENT - LRCD DEVELOPS A RANGE OF REAL ESTATE TO RESPOND TO HOUSING AND COMMUNITY DEVELOPMENT NEEDS IN THE NEW HAMPSHIRE LAKES REGION. THIS INCLUDES AFFORDABLE RENTAL HOMES FOR HOUSEHOLDS OF LOW-INCOME, AFFORDABLE STARTER HOMES FOR HOUSEHOLDS OF MODERATE INCOME, SUPPORTIVE HOUSING FACILITIES FOR TARGETED LOW-INCOME POPULATIONS, AND COMMUNITY FACILITIES FOR NON-PROFIT ORGANIZATIONS MEETING CRITICAL NEEDS IN THE COMMUNITY.

Expenses $434,955 · Revenue $312,232
TENANT SUPPORT - LRCD RESIDENTS WHO DESIRE SUPPORT SERVICES ARE PROVIDED WITH A FULL RANGE OF SUPPORT AND LIFE SKILLS TRAINING. A RESIDENT SERVICES COORDINATOR ASSISTS FAMILIES TO RETAIN THEIR HOUSING, STRENGTHEN FAMILY STABILITY AND ENHANCE ECONOMIC SELF-SUFFICIENCY.

Expenses $230,592 · Revenue $28,411
COMMUNITY BUILDING AND ENGAGEMENT - LRCD WORKS WITH RESIDENTS TO DEVELOP LEADERSHIP SKILLS, HELP THEM OBTAIN LIVING WAGE JOBS, AND PARTNER WITH THEM TO STRENGTHEN PROTECTIVE FACTORS AT THE FAMILY AND COMMUNITY LEVEL TO INCREASE EVERY FAMILY'S CHANCE AT A SUCCESSFUL LIFE.

Expenses $57,501 · Revenue $31
TRANSITIONAL HOUSING - LRCD'S TRANSITIONAL HOUSING PROGRAM SERVES FAMILIES AND INDIVIDUALS WHO ARE HOMELESS OR AT IMMINENT RISK OF HOMELESSNESS. RENTS ARE SUBSIDIZED BY LRCD WHILE THE HOUSEHOLDS WORK TO ADDRESS BARRIERS TO PERMANENT HOUSING, STABILIZE THEIR HEALTH, AND SECURE EMPLOYMENT.

Expenses $36,622 · Revenue $19

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Chris DickinsonCHRIS DICKINSON

CHAIR

Total calculated

$0

Hours/week

2
Lori BorinLORI BORIN

TREASURER

Total calculated

$0

Hours/week

2
Corey HoytCOREY HOYT

VICE CHAIR

Total calculated

$0

Hours/week

2
Carrie DuranCARRIE DURAN

SECRETARY

Total calculated

$350

From this org

$0

From related orgs

$0

Other

$350

Hours/week

2
Erica GilbertERICA GILBERT

BOARD MEMBER

Total calculated

$300

From this org

$0

From related orgs

$0

Other

$300

Hours/week

2
Kylie GossKYLIE GOSS

BOARD MEMBER

Total calculated

$200

From this org

$0

From related orgs

$0

Other

$200

Hours/week

2
Lisa MureLISA MURE

BOARD MEMBER

Total calculated

$0

Hours/week

2
Patricia NicholsPATRICIA NICHOLS

BOARD MEMBER

Total calculated

$300

From this org

$0

From related orgs

$0

Other

$300

Hours/week

2
Dana NuteDANA NUTE

BOARD MEMBER

Total calculated

$0

Hours/week

2
Ben WilsonBEN WILSON

BOARD MEMBER

Total calculated

$0

Hours/week

2
Leigh WilleyLEIGH WILLEY

BOARD MEMBER

Total calculated

$0

Hours/week

2
Aaron BassettAARON BASSETT

BOARD MEMBER

Total calculated

$0

Hours/week

2
Carmen LorentzCARMEN LORENTZ

EXECUTIVE DIRECTOR

Total calculated

$133,746

From this org

$114,877

From related orgs

$0

Other

$18,869

Hours/week

45
Stuart LasalleSTUART LASALLE

FINANCE DIRECTOR

Total calculated

$110,899

From this org

$104,324

From related orgs

$0

Other

$6,575

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

MECHANIC SCHOOL LIMITED PARTNERSHIP

RELATED · RENTAL REAL ESTATE · NH · 100% owned · share of income -$30,023 · share of assets $656,392 · general or managing partner

Directly controlled by LACLT
MFH LIMITED PARTNERSHIP

RELATED · RENTAL REAL ESTATE · NH · 100% owned · share of income $4,498 · share of assets $1,497,241 · general or managing partner

Directly controlled by LACLT
BOYNTON ROAD LIMITED PARTNERSHIP

RELATED · RENTAL REAL ESTATE · NH · 0.01% owned · share of income $1,850 · share of assets $81,456 · general or managing partner

Directly controlled by LACLT CORP
LOCHMERE MEADOWS AFFORDABLE HOUSING LIMITED PARTNERSHIP

RELATED · RENTAL REAL ESTATE · NH · 0.01% owned · share of income $1,197 · share of assets $480,488 · general or managing partner

Directly controlled by LACLT CORP
LM II AFORDABLE HOUSING LIMITED PARTNERSHIP

RELATED · RENTAL REAL ESTATE · NH · 0.01% owned · share of income -$13 · share of assets $39,494 · general or managing partner

Directly controlled by LACLT CORP
HARRIMAN HILL AFFORDABLE HOUSING LIMITED PARTNERSHIP

RELATED · RENTAL REAL ESTATE · NH · 0.01% owned · share of income -$4,763 · share of assets $409,382 · general or managing partner

Directly controlled by EASTLACLT LLC
HARRIMAN HILL II LIMITED PARTNERSHIP

RELATED · RENTAL REAL ESTATE · NH · 0.01% owned · share of income $6,271 · share of assets $36,933 · general or managing partner

Directly controlled by EASTLACLT LLC
RIVER'S EDGE LACONIA LIMITED PARTNERSHIP

RELATED · RENTAL REAL ESTATE · NH · 0.01% owned · share of income -$17 · share of assets $882,867 · general or managing partner

Directly controlled by WINNI RIVER HOUSING CORP
GVK3 LIMITED PARTNERSHIP

RELATED · RENTAL REAL ESTATE · NH · 0.01% owned · share of income -$16 · share of assets $23,046 · general or managing partner

Directly controlled by GVK3 HOUSING CORP
HHA LIMITED PARTNERSHIP

RELATED · RENTAL REAL ESTATE · NH · 0.01% owned · share of income -$17 · share of assets $1,159,184 · general or managing partner

Directly controlled by HHA HOUSING CORP
HHM LIMITED PARTNERSHIP

RELATED · RENTAL REAL ESTATE · NH · 0.01% owned · share of income -$46 · share of assets $1,980,713 · general or managing partner

Directly controlled by HARVEY HEIGHTS MEREDITH CORPORATION

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

LACLT CORP

C · RENTAL REAL ESTATE · NH · 100% owned · share of income -$42

Directly controlled by LACLT
EASTLACLT LLC

C · RENTAL REAL ESTATE · NH · 51% owned · share of income -$2,437

Directly controlled by LACLT CORP
WINNI RIVER HOUSING CORP

C · RENTAL REAL ESTATE · NH · 100% owned · share of income -$17

Directly controlled by LACLT
GVK3 HOUSING CORP

C · RENTAL REAL ESTATE · NH · 88% owned · share of income -$13

Directly controlled by LACLT
HHA HOUSING CORP

C · RENTAL REAL ESTATE · NH · 100% owned · share of income -$17

Directly controlled by LACLT
HARVEY HEIGHTS MEREDITH CORPORATION

C · RENTAL REAL ESTATE · NH · 100% owned · share of income -$46

Directly controlled by LACLT

Provenance

Return type: form_990
Tax year: 2022
Filed: 19 May 2023
IRS schema version: 2022v5.0
Source object: 202311399349300401

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