2023-11-14T13:51:30-06:00 2022-12-31 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2022-01-01 351554538 LACASA OF GOSHEN INC LACA 5745334450 202 N COTTAGE AVENUE GOSHEN IN 46528 JEREMY STUTSMAN CEO 5745334450 2023-11-13 1 JEREMY STUTSMAN XXX-XX-XXXX 0 MICHAEL BREINING P01736574 3178485700 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z LACASA INC JEREMY P STUTSMAN 202 N COTTAGE AVENUE GOSHEN IN 46528 5829347 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 46 315 0 0 4174941 3010367 1731656 1973556 482306 415727 343184 143980 6732087 5543630 107769 0 0 0 1900451 1898748 0 0 341186 3317346 2335786 5325566 4234534 1406521 1309096 26643418 28426698 5976901 6700443 20666517 21726255 X LACASA WORKS WITH INDIVIDUALS AND COMMUNITY PARTNERS TO CREATE OPPORTUNITY FOR PERSONAL EMPOWERMENT, FAMILY STABILITY AND NEIGHBORHOOD VITALITY. 0 0 2211759 1690418 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. 553395 65456 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. 469501 310622 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. 128095 51040 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. 128095 51040 3362750 1 1 0 0 0 0 0 0 0 0 1 0 0 1 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 17 0 1 46 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/INTERIM CEO 45.00 X 77327 0 20625 AMY CALL CFO 45.00 X 87847 0 12381 CHRIS KINGSLEY FORMER PRESIDENT 45.00 X 106024 0 28842 271198 0 61848 1 0 0 0 0 2492231 518136 6670 3010367 RENTAL INCOME 531110 1566088 1566088 MANAGEMENT FEES 531110 365507 365507 CLIENT SERVICE FEES 531310 22828 22828 OTHER FEES 531110 19133 19133 1973556 396594 396594 304850 285717 19133 19133 19133 143980 143980 143980 5543630 2117536 0 415727 259820 127061 105020 27739 1179574 847877 198832 132865 64811 47637 10972 6202 274212 179784 67074 27354 120331 84487 24981 10863 23878 3485 20393 32455 2555 29900 116500 30397 62103 24000 11747 4965 481 6301 25266 6908 17266 1092 109451 30248 77770 1433 70728 67608 3120 40157 30200 9645 312 13815 9120 4695 216354 152842 63512 708396 658859 49537 216174 174082 42092 ASSET MANAGEMENT 575816 575816 CLIENT SERVICES 100168 100168 ALLOCATION OF EXPENSES 0 300259 -357260 57001 REAL ESTATE DEVELOPMENT -4294 -4294 79175 294 35977 42904 4234534 3362750 530598 341186 188201 189209 1942524 1873292 81600 15000 678138 513238 6193279 4573755 99597 92870 28625257 10879555 12736617 17745702 1259827 905249 22022 22022 1385 3441613 2494976 26643418 28426698 269211 565089 240163 91704 11917 3950735 5035227 1402585 859760 114207 136746 5976901 6700443 X 19308510 21726255 1358007 0 20666517 21726255 26643418 28426698 X 1309096 19687 -269045 X X 0 1 X 1 1 1 X 1964190 3153984 2983447 4174942 3010367 15286930 1964190 3153984 2983447 4174942 3010367 15286930 15286930 320078 370765 350591 391335 396594 1829363 76845 26122 343184 163113 609264 17725557 9164066 0.86240 0.86170 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 213266 213266 25336376 10272187 15064189 837154 607368 229786 2238461 2238461 17745702 SECURITY DEPOSITS 106847 ACCRUED INTEREST RECEIVABLE 2298850 BENEFICIAL INTEREST IN ELKHART COUN 89279 2494976 INTEREST ON LOANS/NOTES 8234 SECURITY DEPOSITS 128512 136746 X 6148730 -19687 6670 648057 635040 5513690 29940 29940 5543630 6070133 6670 1858869 1865539 4204594 29940 29940 4234534 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 648,057. PART XI, LINE 4B - OTHER ADJUSTMENTS: OTHER DIFFERENCES 29,940. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FOR ENTITIES THAT FILE A SEPARATE TAX RETURN 1,858,869. PART XII, LINE 4B - OTHER ADJUSTMENTS: OTHER DIFFERENCES 29,940. 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 -269,045. 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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