LACONIA AREA COMMUNITY LAND TRUST INC

EIN: 020426348 501(c)(3) Housing & Shelter

LACONIA, NH

Total Revenue
$4,173,540
Total Expenses
$2,568,269
Total Assets
$18,410,945
Net Assets
$14,427,181
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
NH
Principal Officer
CARMEN LORENTZ
Phone
6035240747
Tax Period
2024-01-01 to 2024-12-31

LACONIA AREA COMMUNITY LAND TRUST INC, founded in 1988, is a community nonprofit in the Housing & Shelter sector that reported $4.2M in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 38% operating margin.

Mission

LAKES REGION COMMUNITY DEVELOPERS' ("LRCD") MISSION IS TO CREATE OPPORTUNITIES FOR THE LAKES REGION TO THRIVE BY DEVELOPING HEALTHY HOMES, CREATING VIBRANT COMMUNITY ASSETS, AND ENGAGING RESIDENTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,979,574
Program Service Revenue $1,077,735
Investment Income $97,078
Other Revenue $19,153
TOTAL REVENUE $4,173,540

Expense Breakdown

Grants Paid $451,750
Salaries & Benefits $778,644
Fundraising Expenses $52,227
Program Expenses $2,299,101
Other Expenses $1,337,875
TOTAL EXPENSES $2,568,269

Year-over-Year Comparison

2024 2023 Change
Revenue $4,173,540 $3,001,373 +0.4%
Expenses $2,568,269 $2,043,643 +0.3%
Net Income $1,605,271 $957,730 +0.7%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
Employees
8
Volunteers
65

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✓ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$144,983
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARRIE DURAN CHAIR 2.00
Officer Director
$0 $0 $0
LORI BORIN TREASURER 2.00
Officer Director
$0 $0 $0
LISA MURE VICE CHAIR 2.00
Officer Director
$0 $0 $0
ERICA GILBERT BOARD MEMBER 2.00
Director
$0 $0 $0
CHRIS DICKINSON BOARD MEMBER 2.00
Director
$0 $0 $0
VICTORIA GILO BOARD MEMBER 2.00
Director
$0 $0 $0
PATRICIA NICHOLS BOARD MEMBER 2.00
Director
$0 $0 $0
REUBEN BASSETT SECRETARY 2.00
Officer Director
$0 $0 $0
LEIGH WILLEY BOARD MEMBER 2.00
Director
$0 $0 $0
TIFFANY BAERT BOARD MEMBER 2.00
Director
$0 $0 $0
COREY HOYT BOARD MEMBER 2.00
Director
$0 $0 $0
CARMEN LORENTZ EXECUTIVE DIRECTOR 45.00
Officer
$123,830 $21,153 $144,983
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $4,173,540 $2,568,269 $18,410,945 $1,605,271
2023 $3,001,373 $2,043,643 $16,073,008 $957,730
2022 $2,294,982 $2,132,678 $15,130,860 $162,304
2021 $3,154,056 $1,973,873 $15,899,939 $1,180,183
2020 $3,390,240 $1,807,188 $15,012,074 $1,583,052
2018 $3,449,123 $2,267,841 $12,985,613 $1,181,282
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