2025-11-17T09:56:03-06:00 2024-12-31 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2024-01-01 351554538 LACASA OF GOSHEN INC LACA 5745334450 202 N COTTAGE AVENUE GOSHEN IN 46528 JEREMY STUTSMAN CEO 5745334450 2025-11-17 1 0 MICHAEL BREINING P01736574 3178485700 2024 2025-03-06 01:10:19Z LACASA INC JEREMY P STUTSMAN 202 N COTTAGE AVENUE GOSHEN IN 46528 7993458 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. 9 9 40 306 0 0 3806986 4074136 2397138 3306747 -278072 234108 33952 29667 5960004 7644658 0 0 0 0 2226757 2531890 0 0 247496 2950301 3827860 5177058 6359750 782946 1284908 30523316 32061004 5845119 6088112 24678197 25972892 X LACASA WORKS WITH INDIVIDUALS AND COMMUNITY PARTNERS TO CREATE OPPORTUNITY FOR PERSONAL EMPOWERMENT, FAMILY STABILITY AND NEIGHBORHOOD VITALITY. 0 0 4356146 3087426 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 2024, LACASA OWNED AND MANAGED 362 RENTAL UNITS LOCATED IN THE CITIES OF GOSHEN AND ELKHART, INDIANA. DURING 2024, LACASA COMPLETED CONSTRUCTION OF AN 8-UNIT NEW BUILDING AND A 4-UNIT REHABILITATION IN GOSHEN. 495159 228475 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 2024, LACASA COMPLETED CONSTRUCTION OF 8 SINGLE FAMILY UNITS IN ELKHART AND REHABILITATION OF 4 SINGLE FAMILY UNITS IN GOSHEN. LACASA COMPLETED 2 FOR-SALE HOMES AS PART OF A PROGRAM DESIGNED TO IMPROVE THE QUALITY OF EXISTING HOUSING STOCK WHILE BENEFITING LOW-INCOME HOUSEHOLDS AND BEGAN CONSTRUCTION ON ANOTHER 2. LACASA CONTINUED REHABILITATION ON A 6-UNIT BUILDING IN ELKHART. ADDITIONALLY, LACASA BEGAN CONVERSION OF A FORMER COMMERCIAL SPACE INTO 7 UNITS OF HOUSING AS WELL AS A RECAPITALIZATION OF 12 EXISTING UNITS IN GOSHEN. FINALLY, AS PART OF LACASA'S HELP-A-HOUSE PROGRAM, 2 OWNER-OCCUPIED HOMES WERE REHABILITATED. 510869 16572 FINANCIAL EMPOWERMENT CENTER: WORKS WITH LOW- AND MODERATE-INCOME FAMILIES AND COMMUNITY PARTNERS TO PREPARE FOR, PROVIDE AND MAINTAIN HOMEOWNERSHIP. LACASA PROVIDES ITS FINANCIAL TRAINING CURRICULUM UNDER THE "MASTER IT" UMBRELLA WITH MASTER YOUR MONEY, MASTER HOMEOWNERSHIP, MASTER YOUR DEBT, MASTER YOUR CREDIT, AND MASTER AUTO OWNERSHIP. IN 2024, THESE CLASSES GRADUATED 172, 119, 70, 123, AND 1, RESPECTIVELY. LACASA OFFERS INDIVIDUAL DEVELOPMENT SAVINGS ACCOUNTS USED FOR HOMEOWNERSHIP, SECONDARY EDUCATION, TRANSPORTATION NEEDS OR TO START A BUSINESS. IN 2024, 10 PEOPLE RECEIVED COUNSELING FROM A HUD CERTIFIED HOUSING COUNSELOR AND SUCCESSFULLY PURCHASED HOMES.INCLUDING THOSE WHO RECEIVED FINANCIAL COACHING, 28 PEOPLE REACHED FINANCIAL MILESTONES AND MADE MAJOR ASSET PURCHASES. LACASA ALSO OFFERS ONE-ON-ONE INDIVIDUAL COUNSELING FOR PRE- AND POST-PURCHASE. 155824 3941 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 2024, LACASA CONTINUED ITS HISTORICAL WORK WITH MULTIPLE NEIGHBORHOODS IN GOSHEN AND WITH THE TOLSON NEIGHBORHOOD IN SOUTH-CENTRAL ELKHART. 155824 3941 5517998 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 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 55 0 1 40 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 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 CHAIR 0.80 X 0 0 0 BRETT WEDDELL BOARD MEMBER 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 VICE-CHAIR 0.80 X 0 0 0 DERALD GRAY BOARD MEMBER 0.80 X 0 0 0 NATASHA KAUFFMANN BOARD MEMBER 0.80 X 0 0 0 TJ KEMPF BOARD MEMBER 0.80 X 0 0 0 HEIDI STOLTZFUS MCHUGH CHIEF IMPACT OFFICER 45.00 X 89251 0 22844 AMY CALL CFO 45.00 X 91952 0 15138 JEREMY STUTSMAN CEO 45.00 X 153067 0 27542 334270 0 65524 1 0 1 0 MODWAY HOMES 2049 EAST MARKET STREET NAPPANEE IN 46550 HOME BUILDING 619486 MECHANICAL MAN INC 57465 STATE ROAD 15 GOSHEN IN 46528 MAINTENANCE 410882 BRADLEY COMPANY PO BOX 540 SOUTH BEND IN 46624 REAL ESTATE ADVISORS 263124 H&D LANDSCAPING AND TREE REMOVAL 7105 JEFFERSON AVE HAMMOND IN 46324 LANDSCAPING 162485 RAFEAL CARRANZA INTERNATIONAL BUILDING 50830 KILLIAN LANE ELKHART IN 46514 MAINTENANCE 127149 5 3327920 746216 142 4074136 RENTAL INCOME 531110 2789164 2789164 MANAGEMENT FEES 531110 489030 489030 CLIENT SERVICE FEES 531310 28553 28553 3306747 118008 118008 464900 348800 116100 116100 116100 29667 29667 29667 7644658 3336414 0 234108 432063 173934 174252 83877 1564575 1306583 208668 49324 68471 55836 10807 1828 330395 250467 69724 10204 136386 101821 25817 8748 83727 77010 6717 48000 12065 35935 116179 74303 19880 21996 6616 270 57 6289 28464 3114 24657 693 139662 45445 91007 3210 78716 77036 1680 44714 34887 6065 3762 16639 10159 975 5505 226719 170605 56114 1407018 1356419 50599 368041 335594 31967 480 ASSET MANAGEMENT 1264125 1264125 CLIENT SERVICES 112887 112887 ALLOCATION OF EXPENSES -57148 240467 -325466 27851 REAL ESTATE DEVELOPMENT -117005 -117005 60506 9012 29445 22049 6359750 5517998 594256 247496 189559 202979 2214250 2193424 161770 142635 181380 170573 2581856 2553945 109758 122806 44531884 19444778 23498621 25087106 928303 931544 22022 22022 635797 633970 30523316 32061004 451341 337697 62615 106217 10500 41298 4286117 4371805 828714 1008861 205832 222234 5845119 6088112 X 23083370 24348548 1594827 1624344 24678197 25972892 30523316 32061004 1284908 9787 0 X X 0 1 X 1 1 1 X 2983447 4174942 3010367 3806986 4074136 18049878 2983447 4174942 3010367 3806986 4074136 18049878 18049878 350591 391335 396594 249898 118008 1506426 26122 343184 163113 33952 29667 596038 20152342 11192462 0.89570 0.88050 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 40694418 18763589 21930829 1060940 681189 379751 2362469 2362469 25087106 INTEREST ON LOANS/NOTES 21732 SECURITY DEPOSITS 200502 222234 X 8004897 9787 10688 339764 360239 7644658 0 7644658 6880178 10688 509740 520428 6359750 0 6359750 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 339,764. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FOR ENTITIES THAT FILE A SEPARATE TAX RETURN 509,740. X X 0 0 0 0 0 0 0 0 0 JEREMY STUTSMAN CEO 153067 0 0 0 0 0 5775 0 21767 0 180609 0 0 0 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 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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