Skip to content
Nonprofiteer
← LUMBER SQUARE NONPROFIT HOUSING CORPORATION

Form 990 for tax year 2024

Filed by LUMBER SQUARE NONPROFIT HOUSING CORPORATION.

Totals

Total revenue
$2,985,923
Total expenses
$424
Contributions and grants received
$2,985,923
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$6,928,477
Total liabilities, end of year
$3,942,978
Net assets or fund balances, end of year
$2,985,499
Program services expenses (Part IX)
$424
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$424

Program services were 100.0% 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)

    $985,873

  • 1f · All other contributions, gifts and grants

    $2,000,050

  • 1g · Noncash contributions included above

    $450,000

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $55 · program services $55

  • 16 · Occupancy

    total $20 · program services $20

  • 23 · Insurance

    total $349 · program services $349

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $120,947

  • 10a · Land, buildings and equipment: cost or other basis

    $6,807,530

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $6,807,530

  • 23 · Secured mortgages and notes payable

    end of year $3,821,657

  • 25 · Other liabilities

    beginning of year $0 · end of year $121,321

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $2,985,499

Mission and programs · 2024

Mission

THIS DEVELOPMENT IS DESIGNED TO MEET THE NEEDS OF OUR "MISSING MIDDLE OR MIDDLE-INCOME COMMUNITY MEMBERS. THESE ARE PEOPLE WHO WORK HERE BUT STILL CAN'T FIND AN AFFORDABLE PLACE TO LIVE NEAR THEIR WORKPLACES AND SCHOOLS. THE LOFTS AT LUMBER SQUARE WILL PROVIDE A SAFE, AFFORDABLE PLACE TO LIVE FOR HOUSEHOLDS EARNING BETWEEN 70%-120% OF AREA MEDIAN INCOME.

Activities or mission (Part I)

TO OPERATE A 60 UNIT APARTMENT PROJECT FOR MIDDLE INCOME HOUSEHOLDS.

  • STARTED CONSTRUCTION OF THE LOFTS AT LUMBER SQUARE, A 60 UNIT APARTMENT PROJECT FOR MIDDLE INCOME HOUSEHOLDS.

    Expenses $424

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dennis Keiser

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.2 + 2 related

  • Bill Lorne

    TREASURER

    Total calculated
    $0
    Hours/week
    2.3 + 2 related

  • Sarah Ford

    SECRETARY

    Total calculated
    $0
    Hours/week
    2.3

  • Jane MacKenzie

    PRESIDENT

    Total calculated
    $113,171
    From this org
    $0
    From related orgs
    $86,171
    Other
    $27,000
    Hours/week
    4.7 + 40 related

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
11 November 2025
IRS schema version
2024v5.2
Source object
202533159349303208

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.