2016-09-07T10:07:15-05:00 2015-12-31 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD STE 300 CARMEL IN 46032 990 2015-01-01 351554538 LACASA OF GOSHEN INC LACA 5745334450 202 N COTTAGE AVENUE GOSHEN IN 46528 LARRY GAUTSCHE PRESIDENT 5745334450 2016-09-06 1 KELLI A MCKINZIE P01264971 3178485700 2015 2016-12-15 16:53:06Z LACASA INC LARRY GAUTSCHE 202 N COTTAGE AVENUE GOSHEN IN 46528 3436165 0 X WWW.LACASAINC.NET X 1970 IN TO WORK IN PARTNERSHIP WITH INDIVIDUALS AND COMMUNITY PARTNERS TO CREATE OPPORTUNITY FOR PERSONAL GROWTH, FAMILY STABILITY AND NEIGHBORHOOD IMPROVEMENT. THIS MISSION IS CARRIED OUT THROUGH REAL ESTATE DEVELOPMENT, ASSET AND PROPERTY MANAGEMENT, FINANCIAL EMPOWERMENT, IMMIGRATION SERVICES, AND COMMUNITY BUILDING AND ENGAGEMENT. 7 7 35 702 0 0 2476385 1334437 1452076 1750670 308230 282293 210743 68765 4447434 3436165 0 0 0 0 1259451 1446710 0 0 160628 1313056 1568901 2572507 3015611 1874927 420554 19430333 20449349 6285501 6467115 13144832 13982234 X TO WORK IN PARTNERSHIP WITH INDIVIDUALS AND COMMUNITY PARTNERS TO CREATE OPPORTUNITY FOR PERSONAL GROWTH, FAMILY STABILITY AND NEIGHBORHOOD IMPROVEMENT. 0 0 1420693 1207733 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. UNITS UNDER MANAGEMENT ARE LOCATED IN THE CITIES OF GOSHEN AND ELKHART, INDIANA. DURING 2015, LACASA COMPLETED THE HAWKS, A HISTORIC REHAB OF A LONG-VACANT GOSHEN INDUSTRIAL SITE INTO THE FIRST AFFORDABLE ARTIST LIVE/WORK HOUSING IN THE STATE OF INDIANA. THIS PROJECT, INCLUDING 35 RENTAL UNITS, HAS SPURRED ADDITIONAL MARKET-RATE RESIDENTIAL AND COMMERCIAL DEVELOPMENT IN THIS NEAR-DOWNTOWN NEIGHBORHOOD. 503575 275083 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 ADDITION TO THE COMPLETION OF THE HAWKS PROJECT AS REFERENCED IN ASSET AND PROPERTY MANAGEMENT, LACASA COMPLETED CONSTRUCTION OF THREE NEW SINGLE-FAMILY HOMES FOR LOW-MODERATE INCOME FAMILIES. IN ADDITION, AS PART OF LACASA'S MORE THAN 25 YEAR-OLD HELP-A-HOUSE PROGRAM, 9 OWNER-OCCUPIED HOMES IN THE CITY OF GOSHEN WERE REHABILITATED. 376084 245031 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 2015, 57 CLIENTS GRADUATED FROM THE HOME BUYER EDUCATION CLASSES, INCLUDING 30 FAMILIES WHO PURCHASED THEIR FIRST HOME WITH LACASA ASSISTANCE. LACASA ALSO GRADUATED 181 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 341 FORECLOSURE CLIENT REFERRALS RESULTING IN 196 FORECLOSURE CURES. 63170 67761 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 2015, OUR IMMIGRATION COUNSELORS FILED 505 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 494 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. 131840 823 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 2015, LACASA MADE 2,739 NEIGHBORHOOD CONTACTS AND ENGAGED 361 NEIGHBORHOOD REPRESENTATIVES IN LEADERSHIP ACTIVITIES. 195010 68584 2495362 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 1 0 0 0 0 1 0 0 0 1 16 0 1 35 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 DAVID EASH BOARD CHAIRMAN 0.80 0.00 X 0 0 0 BARBARA HASSAN BOARD VICE CHAIR 0.80 0.00 X 0 0 0 MEL CLAASSEN BOARD TREASURER 0.80 0.00 X 0 0 0 NATHAN MATEER-REMPEL BOARD SECRETARY 0.80 0.00 X 0 0 0 DEB JONES BOARD MEMBER 0.80 0.00 X 0 0 0 CHRIS TORRES BOARD MEMBER 0.80 0.00 X 0 0 0 PAULA KILLOUGH BOARD MEMBER 0.80 0.00 X 0 0 0 LARRY GAUTSCHE PRESIDENT 45.00 0.00 X 89702 0 19789 JAMES DAVIS VP OF FINANCE 45.00 0.00 X 68545 0 18448 158247 0 38237 0 0 0 0 0 837098 497339 31418 1334437 RENTAL INCOME 531110 1102866 1102866 CLIENT SERVICE FEES 900099 577215 577215 MANAGEMENT FEES 531310 70589 70589 1750670 282293 282293 68765 45761 23004 68765 3436165 1796431 0 305297 222182 120232 78707 23243 842687 666770 111039 64878 49273 39052 5647 4574 243104 171458 58445 13201 89464 70488 12781 6195 8693 7818 875 30673 30673 31704 31656 48 2520 2520 25488 4699 16771 4018 54909 16924 32600 5385 43308 43308 49267 41562 6214 1491 11404 8348 2861 195 120459 107357 13102 451841 400060 51781 122656 103193 19463 ASSET MANAGEMENT 385910 385910 REAL ESTATE DEVELOPMENT 158718 158718 ALL OTHER EXPENSES 52984 531 31406 21047 CLIENT SERVICES 18367 18367 139699 -156052 16353 3015611 2495362 359621 160628 867 1024 1143177 1441549 78816 109226 1178559 1232566 6325964 6005116 72986 95168 13260513 5202836 8394935 8057677 408 388 832574 1287943 83610 631854 1318437 1586838 19430333 20449349 233163 186587 142084 194024 38736 39002 30000 30000 4632548 4645320 1123351 1273348 85619 98834 6285501 6467115 X 11208042 11947009 488040 712350 1448750 1322875 13144832 13982234 19430333 20449349 X 420554 -5612 426294 -3834 X X 0 1 X 1 1 1 X 3549617 1579117 2776986 2410053 1334437 11650210 3549617 1579117 2776986 2410053 1334437 11650210 11650210 263024 278391 294545 309658 282293 1427911 21483 38611 34001 210752 68765 373612 13451733 3269077 0.86610 0.88310 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 30000 30000 12626961 4766417 7860544 541878 436419 105459 61674 61674 8057677 MORTGAGE ESCROW DEPOSITS 1018 C RESERVE REPLACEMENT FUND 661634 C OTHER RESERVES 176670 C OTHER INVESTMENTS 448621 C 1287943 SECURITY DEPOSITS 85335 ACCRUED INTEREST RECEIVABLE 1422127 BENEFICIAL INTEREST IN ELKHART COUNTY COMMUNITY FOUNDATION 79376 1586838 INTEREST ON LOANS/NOTES 4267 SECURITY DEPOSITS 84967 EARNEST DEPOSIT 9600 98834 X 4125452 -5612 108909 585990 689287 3436165 0 3436165 4880248 108909 1755728 1864637 3015611 0 3015611 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 585,990. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FOR ENTITIES THAT FILE A SEPARATE TAX RETURN 1,755,728. JAMES GAUTSCHE CEO'S RELATIVE PROGRAM FINANCING X 30000 30000 0 1 1 30000 X 1 1050 SALE PRICE X 3 24500 THIRD PARTY APPRAISAL X MATERIALS & SUPPLIES 15 3889 RETAIL COSTS X FOOD FOR HELP A HOUSE DAY 9 1979 RETAIL COSTS 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 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 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 -3,834. 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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