2015-11-12T14:17:23-07:00 2014-12-31 990 2014-01-01 351554538 LACASA OF GOSHEN INC LACA 5745334450 202 N Cottage Avenue Goshen IN 46528 Larry Gautsche President 5745334450 2015-11-14 2014 2016-02-25 16:41:14Z LaCasa Inc Larry Gautsche 202 N Cottage Avenue Goshen IN 46528 4576498 0 X www.lacasainc.net X 1970 IN Community Development, Home Ownership Center, Real Estate Development, Asset and Property Management 6 6 38 737 0 0 2776986 2476385 1025033 1452076 298548 308230 34000 210743 4134567 4447434 0 0 0 0 1233269 1259451 0 0 151691 1091256 1313056 2324525 2572507 1810042 1874927 17252507 19430333 5981971 6285501 11270536 13144832 The organization works in partnership with individuals and communities to create opportunities for personal growth, family stability, and neighborhood improvement. 0 0 948429 0 1604418 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 2014, LaCasa substantially completed the historic rehab of a long-vacant Goshen industrial site into the first affordable artist live/work housing in the State of Indiana. This project spurred additional market-rate residential and commercial development in this near-downtown neighborhood. 496907 0 480129 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. 2014 revenues above primarily represent grant revenues for construction of the multi-family housing project referenced in Asset and Property Management. In addition, as part of LaCasa's more than 20 year-old Help-A-House program, 14 owner-occupied homes in the City of Goshen were rehabilitated. 451636 0 359521 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 2014, 107 clients graduated from the Home Buyer Education classes including 42 families who purchased their first home with LaCasa assistance. LaCasa also graduated 130 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 284 foreclosure client referrals resulting in 127 foreclosure cures. 85564 0 162088 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 2014, our immigration counselors filed 409 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 588 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. 115999 0 34500 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 2014, LaCasa made 3,521 neighborhood contacts and engaged 576 neighborhood representatives in leadership activities. 201563 0 196588 2098535 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 0 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 18 0 1 38 1 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 James Davis 5745334450 202 N Cottage Avenue Goshen IN 46528 X David Eash Board Chairman 0.8 0 X 0 0 0 Paul Bertha Board Vice Chair 0.8 0 X 0 0 0 Mel Claassen Board Treasurer 0.8 0 X 0 0 0 Barbara Hassan Board Secretary 0.8 0 X 0 0 0 Deb Jones Board Member 0.8 0 X 0 0 0 Nathan Mateer-Rempel Board Member 0.8 0 X 0 0 0 Larry Gautsche President 45 0 X 93319 0 18185 James Davis VP of Finance 45 0 X 69488 0 16989 162807 0 35174 0 0 0 0 0 0 0 0 0 1826082 650303 144596 2476385 Rental Income 531110 702402 702402 0 0 Asset Management Fees 531310 457222 457222 0 0 Client Service Fees 900099 255592 255592 0 0 IDA Administration 561000 36860 36860 0 0 0 0 0 0 1452076 309658 0 0 309658 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 127636 0 129064 0 -1428 -1428 -1428 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 210743 210743 0 0 210743 4447434 1661391 0 309658 0 0 0 0 0 0 0 0 219663 127781 73934 17948 0 0 0 0 721448 569063 89192 63193 46187 37022 4736 4429 186592 130821 43487 12284 85561 68528 11176 5857 0 0 0 0 13738 590 13148 0 22400 650 21750 0 0 0 0 0 0 0 0 0 0 0 56492 56240 252 0 4431 4015 416 0 24780 2694 18520 3566 30195 6591 22040 1564 0 0 0 0 42996 0 42897 99 37691 32740 4041 910 0 0 0 0 12833 5902 6301 630 81486 55986 25500 0 0 0 0 0 320156 274517 45639 0 71469 54663 16806 0 Asset Management 254231 254231 0 0 Real Estate Development 140956 140956 0 0 Client Services 100718 100718 0 0 Allocation Of Expenses 0 173699 -194781 21082 98484 1128 77227 20129 2572507 2098535 322281 151691 26884 865 887611 2034015 272692 78816 1659751 1178559 0 0 0 0 6598534 6377560 0 0 61835 72986 13145932 4750997 5883550 8394935 428 408 1300 500 61115 83610 0 0 1798807 1208079 17252507 19430333 874363 357515 256757 142084 0 0 0 0 0 0 30000 30000 3783155 4632548 1037696 1123354 5981971 6285501 X 9251109 11208042 536520 488040 1482907 1448750 11270536 13144832 17252507 19430333 X 1874927 0 0 0 0 -631 X 0 1 X 1 1 1 X 2415260 3549617 1579117 2776986 2476384 12797364 0 0 0 0 0 0 0 0 0 0 0 0 2415260 3549617 1579117 2776986 2476384 12797364 0 12797364 234426 263024 278391 294545 309658 1380044 0 0 0 0 0 0 9900 21483 38611 34001 210745 314740 14492148 4777625 0.88306 0.89694 X Schedule A, Part II, Line 10 Other Income: Includes security deposit forfeitures, tenant damages, late fees, broken lease fees, sale of scrap, and other varied and miscellaneous receipts. Also includes income related to the distribution of assets as a result of the dissolution of Arbor Ridge Apartments, L.P. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 30000 0 30000 12607127 0 4343815 8263312 0 0 0 0 508805 0 407182 101623 0 0 0 0 8394935 Accrued Interest Receivable 1123091 Beneficial Interest in Elkhart County Community Foundation 84988 1208079 4577753 -631 130950 0 0 130319 4447434 0 0 0 4447434 2703457 130950 0 0 0 130950 2572507 0 0 0 2572507 James Gautsche CEO relative program financing X 30000 30000 0 1 1 30000 X 3 131000 3rd party appraisal X materials/supplies 12 13596 retail costs 2 0 1 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 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 is committed to bring wages for all positions up to a minimum of 80% of each position's mid-point as soon as the organization's funding will allow. 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 expenses 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 the other change in net assets or fund balance is the change in unrealized gain on investments for 2014. Lincoln Ave Redevelopment LP 202 N Cottage Avenue Goshen IN 46528 205381584 Real Estate Rental IN Lincoln Avenue Housing Corporation Related -24 1000 0 1 0.0001 Roosevelt Center LP 202 N Cottage Avenue Goshen IN 46528 260727020 Real Estate Rental IN LaCasa RC Development Corporation Related -24 100 0 1 0.0001 Elkhart Senior Housing LP 202 N Cottage Avenue Goshen IN 46528 205678681 Real Estate Rental IN LaCasa WTP Development Corporation Related -272 1000 0 1 0.001 Hawks Arts & Enterprise Center LP 202 N Cottage Avenue Goshen IN 46528 800907326 Real Estate Rental IN LaCasa HAEP Development LLC Related -1 100 0 1 0.0001 Lincoln Avenue Housing Corporation 202 N Cottage Avenue Goshen IN 46528 205381523 Real Estate Rental IN N/A C -24 1000 1 LaCasa RC Development Corporation 202 N Cottage Avenue Goshen IN 46528 261578536 Real Estate Rental IN N/A C -24 100 1 LaCasa WTP Development Corporation 202 N Cottage Avenue Goshen IN 46528 262582193 Real Estate Rental IN N/A C -272 1000 1 LaCasa HAEP Development LLC 202 N Cottage Avenue Goshen IN 46528 462347100 Real Estate Rental IN N/A C -1 100 1 LaCasa Real Estate Holdings LLC 202 N Cottage Avenue Goshen IN 46528 471712919 Real Estate IN N/A C 0 100 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Extensions of time to file was applied for and received. Form 990 is due November 15, 2015