2018-11-13T07:34:16-06:00 2017-12-31 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2017-01-01 351554538 LACASA OF GOSHEN INC LACA 5745334450 202 N COTTAGE AVENUE GOSHEN IN 46528 LARRY GAUTSCHE COO 5745334450 2018-11-12 1 KELLI A MCKINZIE P01264971 3178485700 97.78.195.178 2018-11-12 15:05:48 ES P A1EF8F62057A31367447D13766D3906FA999D2D8 BF2468FE15B722CA821BCA786870FF856A01A362 2017 2019-02-21 02:37:17Z LACASA INC JAMES N DAVIS 202 N COTTAGE AVENUE GOSHEN IN 46528 3750800 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, IMMIGRATION SERVICES, AND COMMUNITY BUILDING AND ENGAGEMENT. 7 7 37 483 0 0 1422471 1770148 1490567 1527580 366204 322482 88919 42884 3368161 3663094 0 0 0 0 1366105 1505846 0 0 184300 2045393 1474691 3411498 2980537 -43337 682557 19738670 19988639 5796916 5354095 13941754 14634544 X LACASA WORKS WITH INDIVIDUALS AND COMMUNITY PARTNERS TO CREATE OPPORTUNITY FOR PERSONAL EMPOWERMENT, FAMILY STABILITY AND NEIGHBORHOOD VITALITY. 0 0 1412534 1343704 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 2017, LACASA OWNED AND MANAGED 324 RENTAL UNITS LOCATED IN THE CITIES OF GOSHEN AND ELKHART, INDIANA. DURING 2017, LACASA CONTINUED THE REHAB OF FIVE MULTI-FAMILY PROPERTIES LOCATED IN A NEAR-DOWNTOWN GOSHEN NEIGHBORHOOD, COMPLETING THE FIRST ON INCLUDING 5 UNITS. THESE PROPERTIES THAT HAD BEEN DILAPIDATED AND UNINHABITABLE FOR SEVERAL YEARS, WILL BE REDEVELOPED TO PROVIDE A TOTAL OF 20 RENTAL UNITS WITHIN WALKING DISTANCE OF DOWNTOWN AMENITIES. LACASA'S ACQUISITION OF THESE PROPERTIES HAS ALREADY SPURRED SOME ADDITIONAL MARKET-RATE RESIDENTIAL DEVELOPMENT IN THIS NEIGHBORHOOD. 344975 142981 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. IN COLLABORATION WITH ELKHART COUNTY GOVERNMENT, LACASA HAS ACQUIRED AND DEMOLISHED 52 VACANT/ABANDONED HOMES UNDER THE INDIANA BLIGHT ELIMINATION PROGRAM. THE RESULTING VACANT LOTS WILL BE REPURPOSED IN VARIOUS WAYS IN COLLABORATION WITH CITY AND COUNTY GOVERNMENTS. IN ADDITION, AS PART OF LACASA'S MORE THAN 25 YEAR-OLD HELP-A-HOUSE PROGRAM, 8 OWNER-OCCUPIED HOMES IN THE CITY OF GOSHEN WERE REHABILITATED. 452312 39130 HOME OWNERSHIP CENTER: WORKS WITH LOW AND MODERATE INCOME FAMILIES AND COMMUNITY PARTNERS TO PREPARE FOR, PROVIDE AND MAINTAIN HOMEOWNERSHIP. LACASA OFFERS AN 8-HOUR HOME BUYER EDUCATION CLASS, A 10-HOUR FINANCIAL FITNESS CLASS AND INDIVIDUAL DEVELOPMENT SAVINGS ACCOUNTS. LACASA ALSO PROVIDES ONE-ON-ONE INDIVIDUAL COUNSELING FOR PRE-PURCHASE, POST-PURCHASE AND FORECLOSURE MITIGATION. IN 2017, 64 CLIENTS GRADUATED FROM THE HOME BUYER EDUCATION CLASSES INCLUDING 36 FAMILIES WHO PURCHASED THEIR FIRST HOME WITH LACASA ASSISTANCE. LACASA ALSO GRADUATED 197 CLIENTS FROM ITS MONEY FOR LIFE FINANCIAL FITNESS CLASSES. LACASA CONTINUED TO PARTICIPATE IN THE INDIANA FORECLOSURE PREVENTION NETWORK AND HARDEST HIT FUNDS PROGRAM AND PROCESSED 251 FORECLOSURE CLIENT REFERRALS RESULTING IN 95 FORECLOSURE CURES. 80492 65470 RESIDENT SERVICES: LACASA'S IMMIGRATION PROGRAM IS ONE OF THREE ORGANIZATIONS IN INDIANA THAT IS ACCREDITED BY THE BOARD OF IMMIGRATION APPEALS. THIS ACCREDITATION ENABLES OUR COUNSELORS TO SUBMIT DOCUMENTATION ON OUR CLIENTS' BEHALF AND ALSO REPRESENT THEM TO THE UNITED STATES CITIZENSHIP AND IMMIGRATION SERVICES (USCIS). IN 2017, OUR IMMIGRATION COUNSELORS FILED 490 DOCUMENTS WITH THE USCIS ASSISTING IMMIGRANTS TO RENEW RESIDENCY STATUS, APPLY FOR CITIZENSHIP AND PETITION FOR FAMILY MEMBERS TO ENTER THE U.S. LACASA ALSO SAW 500 IMMIGRANTS WITH GENERAL QUESTIONS ABOUT IMMIGRATION POLICY, PROCESS AND ELIGIBILITY. LACASA HAS DIRECT ACCESS TO USCIS OFFICIALS IN INDIANAPOLIS. OUR COUNSELORS REPRESENT CLIENTS ALL THE WAY THROUGH THE PROCESS TO ENSURE SUCCESS. 70623 2884 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 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 2017, LACASA MADE 3,700 NEIGHBORHOOD CONTACTS AND ENGAGED 161 NEIGHBORHOOD REPRESENTATIVES IN LEADERSHIP ACTIVITIES. 151115 68354 2360936 1 1 0 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 22 0 1 37 1 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X X X JAMES DAVIS 5745334450 202 N COTTAGE AVENUE GOSHEN IN 46528 X BARBARA HASSAN BOARD CHAIR 0.80 0.00 X 0 0 0 NATHAN MATEER-REMPEL BOARD VICE CHAIR 0.80 0.00 X 0 0 0 MEL CLAASSEN BOARD TREASURER 0.80 0.00 X 0 0 0 DEB JONES BOARD SECRETARY 0.80 0.00 X 0 0 0 PAULA KILLOUGH BOARD MEMBER 0.80 0.00 X 0 0 0 LINDA MILLER SLABAUGH BOARD MEMBER 0.80 0.00 X 0 0 0 DAVE EASH BOARD MEMBER 0.80 0.00 X 0 0 0 LARRY GAUTSCHE FORMER PRESIDENT 45.00 0.00 X 97371 0 18874 JAMES DAVIS VP OF FINANCE 45.00 0.00 X 92390 0 18572 CHRIS KINGSLEY PRESIDENT 0.80 0.00 X 0 0 0 189761 0 37446 2 0 0 0 0 1301018 469130 3420 1770148 RENTAL INCOME 531110 1191307 1191307 CLIENT SERVICE FEES 900099 281374 281374 MANAGEMENT FEES 531310 54899 54899 1527580 298777 298777 111411 87706 23705 23705 23705 42884 42884 42884 3663094 1594169 0 298777 252242 120393 99972 31877 887315 674727 143402 69186 53921 42592 6584 4745 219330 159424 48297 11609 93038 69751 16339 6948 15759 13772 1987 27750 27750 28405 8092 20313 17596 2481 15115 25018 7314 14190 3514 74504 21385 48558 4561 45252 43332 1920 39487 27141 9533 2813 19583 6966 9452 3165 104430 89260 15170 475583 426046 49537 127672 96779 30893 ASSET MANAGEMENT 293528 293528 0 0 CLIENT SERVICES 119586 119586 0 0 OTHER EXPENSES 47969 966 24684 22319 REAL ESTATE DEVELOPMENT 12569 12569 0 0 168164 -189807 21643 2980537 2360936 435301 184300 1028 1032 1198796 1457753 57785 89181 1222302 1226441 5872980 5581108 64013 87395 14070889 5999116 8146854 8071773 100 1210015 1022100 151641 336694 1813256 2115062 19738670 19988639 217271 234614 321187 236249 30000 30000 3858455 3396449 1273348 1358348 96655 98435 5796916 5354095 X 12359252 13372046 468202 482488 1114300 780010 13941754 14634544 19738670 19988639 X 682557 8166 2067 X X 0 1 X 1 1 1 X 2776986 2410053 1334437 1371732 1556477 9449685 2776986 2410053 1334437 1371732 1556477 9449685 9449685 294545 309658 282293 293343 298775 1478614 34001 210752 68765 88919 42884 445321 11373620 6580121 0.83080 0.83300 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. 30000 30000 13257437 5510946 7746491 541878 488170 53708 241574 241574 8071773 RESERVE REPLACEMENT FUND 402226 C OTHER RESERVES 177957 C OTHER INVESTMENTS 441737 C MORTGAGE ESCROW DEPOSITS 180 C 1022100 SECURITY DEPOSITS 23861 ACCRUED INTEREST RECEIVABLE 2002851 BENEFICIAL INTEREST IN THE COMMUNITY FOUNDATION OF ELKHART COUNTY 88350 2115062 INTEREST ON LOANS/NOTES 4271 SECURITY DEPOSITS 94164 98435 X 4425533 8166 39680 714593 762439 3663094 0 3663094 4914334 39680 1894117 1933797 2980537 0 2980537 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 714,593. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FOR ENTITIES THAT FILE A SEPARATE TAX RETURN 1,894,117. JAMES GAUTSCHE CEO'S RELATIVE PROGRAM FINANCING X 30000 30000 0 1 1 30000 FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S PRESIDENT, CHIEF OPERATING 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 THE MIDWEST REGION FOR COMPARABLE POSITIONS. LACASA AVERAGES THE DATA TO ESTABLISH A MID-POINT TARGET FOR EACH JOB CATEGORY AND THEN CALCULATES 15% ABOVE AND 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. CURRENTLY MOST OF LACASA WAGES ARE BELOW THE DESIRED MID-POINT TARGET. LACASA HAS SUCCESSFULLY INCREASED WAGES FOR NEARLY ALL POSITIONS UP TO A MINIMUM OF 80% OF EACH POSITION'S MID-POINT. ANNUALLY THE LACASA BOARD OF DIRECTORS 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 FILE. 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 2,067. 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. LACASA REAL ESTATE HOLDINGS LLC 202 N COTTAGE AVENUE GOSHEN IN 46528 471712919 REAL ESTATE IN 2067 16815 LACASA OF GOSHEN INC LINCOLN AVE REDEVELOPMENT LP 202 N COTTAGE AVENUE GOSHEN IN 46528 205381584 REAL ESTATE RENTAL IN LINCOLN AVENUE HOUSING CORPORATION RELATED -23464 378 0 1 0.00010 ROOSEVELT CENTER LP 202 N COTTAGE AVENUE GOSHEN IN 46528 260727020 REAL ESTATE RENTAL IN LACASA RC DEVELOPMENT CORPORATION RELATED -553 436 0 1 0.00010 ELKHART SENIOR HOUSING LP 202 N COTTAGE AVENUE GOSHEN IN 46528 205678681 REAL ESTATE RENTAL IN LACASA WTP DEVELOPMENT CORPORATION RELATED -229 4503 0 1 0.00100 HAWKS ARTS & ENTERPRISE CENTER LP 202 N COTTAGE AVENUE GOSHEN ID 46528 800907326 REAL ESTATE RENTAL IN LACASA HAEP DEVELOPMENT LLC RELATED -32 599 0 1 0.00010 LINCOLN AVENUE HOUSING CORPORATION 202 N COTTAGE AVENUE GOSHEN IN 46528 205381523 REAL ESTATE RENTAL IN N/A C -23464 378 1.00000 0 LACASA RC DEVELOPMENT CORPORATION 202 N COTTAGE AVENUE GOSHEN IN 46528 261578536 REAL ESTATE RENTAL IN N/A C -553 436 1.00000 0 LACASA WTP DEVELOPMENT CORPORATION 202 N COTTAGE AVENUE GOSHEN IN 46528 262582193 REAL ESTATE RENTAL IN N/A C -229 4503 1.00000 0 LACASA HAEP DEVELOPMENT LLC 202 N COTTAGE AVENUE GOSHEN IN 46528 462347100 REAL ESTATE RENTAL IN N/A C -32 599 1.00000 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 LINCOLN AVENUE REDEVELOPMENT LP D 1075155 ROOSEVELT CENTER LP D 1118567 ELKHART SENIOR HOUSING LP D 610000 HAWKS ARTS AND ENTERPRISE CENTER LP D 1091345 LINCOLN AVENUE REDEVELOPMENT LP L 185000 ROOSEVELT CENTER LP L 229014 ELKHART SENIOR HOUSING LP L 343185 HAWKS ARTS AND ENTERPRISE CENTER LP L 7097