LASALLE PARK HOMES INC

EIN: 351164152 501(c)(3) Housing & Shelter

SOUTH BEND, IN

Total Revenue
$1,475,722
Total Expenses
$1,416,048
Total Assets
$1,798,645
Net Assets
$1,436,800
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
IN
Principal Officer
ROD LUDWIG
Phone
5742376000
Tax Period
2023-01-01 to 2023-12-31

LASALLE PARK HOMES INC, founded in 1968, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2023. Expenses of $1.4M left a modest 4% surplus.

Mission

LASALLE PARK HOMES, INC., AN INDIANA NOT-FOR-PROFIT CORPORATION, WAS ORGANIZED TO CONSTRUCT, OWN, AND OPERATE A 149 UNIT APARTMENT COMMUNITY IN SOUTH BEND, INDIANA, KNOWN AS LASALLE PARK HOMES, PURSUANT TO SECTION 221(D)(3) OF THE NATIONAL HOUSING ACT. DURING THE YEAR ENDED DECEMBER 31, 2006, THE COMMUNITY WAS REFINANCED PURSUANT TO SECTION 223(A)(7).

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,003,983
Program Service Revenue $442,888
Investment Income $0
Other Revenue $28,851
TOTAL REVENUE $1,475,722

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,051,827
Other Expenses $1,416,048
TOTAL EXPENSES $1,416,048

Year-over-Year Comparison

2023 2022 Change
Revenue $1,475,722 $1,440,506 +0.0%
Expenses $1,416,048 $1,636,473 -0.1%
Net Income $59,674 $-195,967 -1.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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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
9
Independent Members
9
Employees
N/A
Volunteers
9

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
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LYNN COLEMAN PRESIDENT 0.50
Officer Director
$0 $0 $0
ANTHONY DOUGLAS VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
JOHN NURKOWSKI TREASURER 0.50
Officer Director
$0 $0 $0
SIS SUSAN KINTZELE DIRECTOR 0.50
Director
$0 $0 $0
DAVE SCHROEDER DIRECTOR 0.50
Director
$0 $0 $0
CYNTHIA TAYLOR DIRECTOR 0.50
Director
$0 $0 $0
KOMONIQUE THOMAS DIRECTOR 0.50
Director
$0 $0 $0
LATONIA NEWHOUSE DIRECTOR 0.50
Director
$0 $0 $0
JIM TUESLEY DIRECTOR 0.50
Director
$0 $0 $0
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
2024 No data No data No data No data
2023 $1,475,722 $1,416,048 $1,798,645 $59,674
2022 $1,440,506 $1,636,473 $1,792,185 $-195,967
2021 $1,397,351 $1,316,603 $2,127,151 $80,748
2020 $1,226,957 $1,154,231 $2,121,565 $72,726
2019 $1,370,658 $1,317,312 $2,103,033 $53,346
2018 $1,349,716 $1,288,313 $2,069,727 $61,403
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