2024-11-14T15:31:05-06:00 2023-12-31 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2023-01-01 351554538 LACASA OF GOSHEN INC LACA 5745334450 202 N COTTAGE AVENUE GOSHEN IN 46528 JEREMY STUTSMAN CEO 5745334450 2024-11-14 1 0 MICHAEL BREINING P01736574 3178485700 2023 2024-10-15 13:58:12Z LACASA INC JEREMY P STUTSMAN 202 N COTTAGE AVENUE GOSHEN IN 46528 8405174 0 X WWW.LACASAINC.NET X 1970 IN 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. 6 6 40 326 0 0 3010367 3806986 1973556 2397138 415727 -278072 143980 33952 5543630 5960004 0 0 0 0 1898748 2226757 0 0 263049 2335786 2950301 4234534 5177058 1309096 782946 28426698 30523316 6700443 5845119 21726255 24678197 X LACASA WORKS WITH INDIVIDUALS AND COMMUNITY PARTNERS TO CREATE OPPORTUNITY FOR PERSONAL EMPOWERMENT, FAMILY STABILITY AND NEIGHBORHOOD VITALITY. 0 0 2996134 2010282 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 2023, LACASA OWNED AND MANAGED 357 RENTAL UNITS LOCATED IN THE CITIES OF GOSHEN AND ELKHART, INDIANA. DURING 2023, LACASA COMPLETED REHABILITATION OF 7 SINGLE FAMILY UNITS IN GOSHEN, 4 OF WHICH ARE HISTORIC. 661320 390470 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 2023, LACASA COMPLETED REHABILITATION OF 7 SINGLE FAMILY UNITS IN GOSHEN. LACASA COMPLETED CONSTRUCTION AND SOLD 8 FOR-SALE HOMES AS PART OF A PROGRAM DESIGNED TO IMPROVE THE QUALITY OF EXISTING HOUSING STOCK WHILE BENEFITING LOW-INCOME HOUSEHOLDS. ADDITIONALLY, LACASA BEGAN CONSTRUCTION ON AN 8-UNIT NEW BUILDING AND 6-UNIT REHABILITATION IN ELKHART AND A 4-UNIT REHABILITATION IN GOSHEN. FINALLY, AS PART OF LACASA'S HELP-A-HOUSE PROGRAM, 2 OWNER-OCCUPIED HOMES WERE REHABILITATED. 571446 26470 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 2023, THESE CLASSES GRADUATED 154, 140, 83, AND 132, RESPECTIVELY. LACASA OFFERS INDIVIDUAL DEVELOPMENT SAVINGS ACCOUNTS USED FOR HOMEOWNERSHIP, SECONDARY EDUCATION, TRANSPORTATION NEEDS OR TO START A BUSINESS. IN 2023, 20 PEOPLE RECEIVED COUNSELING FROM A HUD CERTIFIED HOUSING COUNSELOR AND SUCCESSFULLY PURCHASED HOMES. INCLUDING THOSE WHO RECEIVED FINANCIAL COACHING, 27 PEOPLE REACHED FINANCIAL MILESTONES AND MADE MAJOR ASSET PURCHASES. LACASA ALSO OFFERS ONE-ON-ONE INDIVIDUAL COUNSELING FOR PRE- AND POST-PURCHASE. 91288 3868 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 2023, LACASA CONTINUED ITS HISTORICAL WORK WITH MULTIPLE NEIGHBORHOODS IN GOSHEN AND WITH THE TOLSON NEIGHBORHOOD IN SOUTH-CENTRAL ELKHART. 91288 3868 4320188 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 24 0 1 40 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X X X AMY CALL 5745334450 202 N COTTAGE AVENUE GOSHEN IN 46528 X DEB JONES VICE-CHAIR 0.80 X 0 0 0 BRETT WEDDELL CHAIR 0.80 X 0 0 0 AMBER WOLFER TREASURER 0.80 X 0 0 0 LINDA SCHLABACH MILLER SECRETARY 0.80 X 0 0 0 ERIBERTA PEREZ BOARD MEMBER 0.80 X 0 0 0 ALISON ROMERO BOARD MEMBER 0.80 X 0 0 0 DERALD GRAY BOARD MEMBER 0.80 X 0 0 0 NATASHA KAUFFMAN BOARD MEMBER 0.80 X 0 0 0 HEIDI STOLTZFUS MCHUGH CHIEF IMPACT OFFICER/INTER 45.00 X 103294 0 21487 AMY CALL CFO 45.00 X 98611 0 13215 JEREMY STUTSMAN CEO 45.00 X 92746 0 11072 294651 0 45774 1 0 0 0 GRIFFEN PLUMBING & HEATING 2310 TOLEDO ROAD ELKHART IN 46516 PLUMBING AND HEATING SERVICES 123220 1 3222132 584854 144 3806986 RENTAL INCOME 531110 1885715 1885715 MANAGEMENT FEES 531110 477583 477583 CLIENT SERVICE FEES 531310 33840 33840 2397138 249898 249898 1917200 2445170 -527970 -527970 -527970 33952 33952 33952 5960004 2431090 0 -278072 340426 127187 142162 71077 1376164 1131848 188855 55461 69313 52141 15370 1802 319178 204289 99124 15765 121676 89996 23125 8555 83909 5756 39158 38995 50140 29885 20255 159556 56997 76895 25664 9242 3005 6237 22260 1886 19681 693 118319 32267 82998 3054 74896 73225 1671 42545 29807 8534 4204 21798 9354 5871 6573 288754 227540 61214 927696 878029 49667 293330 246694 46486 150 ASSET MANAGEMENT 777224 777224 CLIENT SERVICES 111978 111978 ALLOCATION OF EXPENSES -47586 347904 -396246 756 REAL ESTATE DEVELOPMENT -52040 -52040 68280 8441 37447 22392 5177058 4320188 593821 263049 189209 189559 1873292 2214250 15000 161770 513238 181380 4573755 2581856 92870 109758 41694761 18196140 17745702 23498621 905249 928303 22022 22022 1385 2494976 635797 28426698 30523316 565089 451341 91704 62615 11917 10500 5035227 4286117 859760 828714 136746 205832 6700443 5845119 X 21726255 23083370 1594827 21726255 24678197 28426698 30523316 X 782946 3762 2165234 X X 0 1 X 1 1 1 X 3153984 2983447 4174942 3010367 3806986 17129726 3153984 2983447 4174942 3010367 3806986 17129726 17129726 370765 350591 391335 396594 249898 1759183 26122 343184 163113 33952 566371 19455280 9747007 0.88050 0.86240 X SCHEDULE A, PART II, LINE 10 MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 414057 414057 38640569 17311601 21328968 1060940 884539 176401 1579195 1579195 23498621 INTEREST ON LOANS/NOTES 11129 SECURITY DEPOSITS 194703 205832 X 7528081 3762 12463 1551852 1568077 5960004 0 5960004 7944026 12463 2754505 2766968 5177058 0 5177058 PART X, LINE 2: LACASA IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX AND HAS BEEN CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY. PART XI, LINE 2D - OTHER ADJUSTMENTS: INCOME FOR ENTITIES THAT FILE A SEPARATE TAX RETURN 749,098. LOSS ON SALE OF PROPERTY 802,754. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FOR ENTITIES THAT FILE A SEPARATE TAX RETURN 1,951,751. LOSS ON SALE OF PROPERTY 802,754. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S PRESIDENT, CHIEF FINANCIAL OFFICER AND BOARD OF DIRECTORS REVIEW THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR AND SENIOR MANAGER ANNUALLY SIGNS A STATEMENT AFFIRMING THE DIRECTOR OR MANAGER HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS REVIEWED THE POLICY, AGREES TO COMPLY WITH THE POLICY AND UNDERSTANDS THE ORGANIZATION IS A CHARITABLE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15 LACASA ESTABLISHES PAY BANDS FOR EACH JOB CATEGORY. THESE BANDS ARE BASED ON NEIGHBORWORKS AMERICA DATA FOR COMPARABLE POSITIONS IN THEIR MIDWEST REGION. LACASA AVERAGES THE DATA TO ESTABLISH A MID-POINT TARGET FOR EACH JOB CATEGORY AND THEN CALCULATES 10% ABOVE AND 25% BELOW THE MIDPOINT TO ESTABLISH THE PAY BAND. THE WAGE PAID WITHIN THE PAY BAND WILL BE DETERMINED BY THE YEARS OF SERVICE AND COMPETENCY. ANNUALLY THE LACASA LEADERSHIP TEAM APPROVES A WAGE INCREASE PLAN FOR EMPLOYEES. THIS INCREASE MAY INCLUDE A COST OF LIVING INCREASE, MERIT INCREASE, BONUS OR SALARY INCREASE BASED ON PERFORMANCE AND OTHER FACTORS. ALL COMPENSATION INCREASES ARE SUBJECT TO THE AVAILABILITY OF FUNDS. CHANGES IN WAGES ARE DOCUMENTED IN WRITING IN THE EMPLOYEES' PAYROLL FILES. FORM 990, PART VI, SECTION C, LINE 19 LACASA MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, SECTION A, LINE 1A THE AMOUNTS LISTED IN COLUMN F - ESTIMATED AMOUNT OF OTHER COMPENSATION FROM THE ORGANIZATION AND RELATED ORGANIZATIONS REPRESENTS LACASA INC.'S EXPENSE FOR THE EMPLOYER'S SHARE OF BENEFITS. THOSE BENEFITS INCLUDE THE EMPLOYER'S PORTION OF HEALTH INSURANCE COSTS, HEALTH SAVINGS ACCOUNT (HSA) COSTS AND RETIREMENT COSTS. FORM 990, PART XI, LINE 9: LACASA REAL ESTATE HOLDINGS 2,165,234. FORM 990, PART XII, LINE 2C THE FINANCIAL STATEMENTS ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. THERE ARE NO CHANGES TO THIS POLICY FROM PREVIOUS YEARS. 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