LACASA OF GOSHEN INC

EIN: 351554538 501(c)(3) Housing & Shelter

GOSHEN, IN

Total Revenue
$5,960,004
Total Expenses
$5,177,058
Total Assets
$30,523,316
Net Assets
$24,678,197
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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
IN
Principal Officer
JEREMY P STUTSMAN
Phone
5745334450
Tax Period
2023-01-01 to 2023-12-31

LACASA OF GOSHEN INC, founded in 1970, is a community nonprofit in the Housing & Shelter sector that reported $6.0M in total revenue in fiscal year 2023. Expenses of $5.2M left a modest 13% surplus.

Mission

LACASA WORKS WITH INDIVIDUALS AND COMMUNITY PARTNERS TO CREATE OPPORTUNITY FOR PERSONAL EMPOWERMENT, FAMILY STABILITY AND NEIGHBORHOOD VITALITY.

Program Service Accomplishments

Program 1
Expenses: $2,996,134 Revenue: $2,010,282

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...

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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 2023, LACASA OWNED AND MANAGED 357 RENTAL UNITS LOCATED IN THE CITIES OF GOSHEN AND ELKHART, INDIANA. DURING 2023, LACASA COMPLETED REHABILITATION OF 7 SINGLE FAMILY UNITS IN GOSHEN, 4 OF WHICH ARE HISTORIC.

Program 2
Expenses: $661,320 Revenue: $390,470

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. DURING 2023, LACASA COMPLETED...

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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. DURING 2023, LACASA COMPLETED REHABILITATION OF 7 SINGLE FAMILY UNITS IN GOSHEN. LACASA COMPLETED CONSTRUCTION AND SOLD 8 FOR-SALE HOMES AS PART OF A PROGRAM DESIGNED TO IMPROVE THE QUALITY OF EXISTING HOUSING STOCK WHILE BENEFITING LOW-INCOME HOUSEHOLDS. ADDITIONALLY, LACASA BEGAN CONSTRUCTION ON AN 8-UNIT NEW BUILDING AND 6-UNIT REHABILITATION IN ELKHART AND A 4-UNIT REHABILITATION IN GOSHEN. FINALLY, AS PART OF LACASA'S HELP-A-HOUSE PROGRAM, 2 OWNER-OCCUPIED HOMES WERE REHABILITATED.

Program 3
Expenses: $571,446 Revenue: $26,470

FINANCIAL EMPOWERMENT CENTER: WORKS WITH LOW- AND MODERATE-INCOME FAMILIES AND COMMUNITY PARTNERS TO PREPARE FOR, PROVIDE AND MAINTAIN HOMEOWNERSHIP. IN 2020, LACASA REDESIGNED AND REPACKAGED ITS...

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FINANCIAL EMPOWERMENT CENTER: WORKS WITH LOW- AND MODERATE-INCOME FAMILIES AND COMMUNITY PARTNERS TO PREPARE FOR, PROVIDE AND MAINTAIN HOMEOWNERSHIP. IN 2020, LACASA REDESIGNED AND REPACKAGED ITS FINANCIAL TRAINING CURRICULUM UNDER THE "MASTER IT" UMBRELLA WITH MASTER YOUR MONEY, MASTER HOMEOWNERSHIP, MASTER YOUR DEBT, AND MASTER YOUR CREDIT. THESE CLASSES WERE ALSO REFORMATTED FOR DELIVERY IN A VIRTUAL ENVIRONMENT IN RESPONSE TO THE PANDEMIC. IN 2023, THESE CLASSES GRADUATED 154, 140, 83, AND 132, RESPECTIVELY. LACASA OFFERS INDIVIDUAL DEVELOPMENT SAVINGS ACCOUNTS USED FOR HOMEOWNERSHIP, SECONDARY EDUCATION, TRANSPORTATION NEEDS OR TO START A BUSINESS. IN 2023, 20 PEOPLE RECEIVED COUNSELING FROM A HUD CERTIFIED HOUSING COUNSELOR AND SUCCESSFULLY PURCHASED HOMES. INCLUDING THOSE WHO RECEIVED FINANCIAL COACHING, 27 PEOPLE REACHED FINANCIAL MILESTONES AND MADE MAJOR ASSET PURCHASES. LACASA ALSO OFFERS ONE-ON-ONE INDIVIDUAL COUNSELING FOR PRE- AND POST-PURCHASE.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,806,986
Program Service Revenue $2,397,138
Investment Income $-278,072
Other Revenue $33,952
TOTAL REVENUE $5,960,004

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,226,757
Fundraising Expenses $263,049
Program Expenses $4,320,188
Other Expenses $2,950,301
TOTAL EXPENSES $5,177,058

Year-over-Year Comparison

2023 2022 Change
Revenue $5,960,004 $5,543,630 +0.1%
Expenses $5,177,058 $4,234,534 +0.2%
Net Income $782,946 $1,309,096 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
6
Employees
40
Volunteers
326

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
$340,425
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEB JONES VICE-CHAIR 0.80
Director
$0 $0 $0
BRETT WEDDELL CHAIR 0.80
Director
$0 $0 $0
AMBER WOLFER TREASURER 0.80
Director
$0 $0 $0
LINDA SCHLABACH MILLER SECRETARY 0.80
Director
$0 $0 $0
ERIBERTA PEREZ BOARD MEMBER 0.80
Director
$0 $0 $0
ALISON ROMERO BOARD MEMBER 0.80
Director
$0 $0 $0
DERALD GRAY BOARD MEMBER 0.80
Director
$0 $0 $0
NATASHA KAUFFMAN BOARD MEMBER 0.80
Director
$0 $0 $0
HEIDI STOLTZFUS MCHUGH CHIEF IMPACT OFFICER/INTER 45.00
Officer
$103,294 $21,487 $124,781
AMY CALL CFO 45.00
Officer
$98,611 $13,215 $111,826
JEREMY STUTSMAN CEO 45.00
Officer
$92,746 $11,072 $103,818
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 $5,960,004 $5,177,058 $30,523,316 $782,946
2022 $5,543,630 $4,234,534 $28,426,698 $1,309,096
2021 $6,732,087 $5,325,566 $26,643,418 $1,406,521
2020 $5,253,297 $3,832,223 $25,186,514 $1,421,074
2019 $5,642,614 $3,574,437 $23,394,101 $2,068,177
2018 $4,349,737 $3,233,869 $20,738,898 $1,115,868
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