LANDSUN HOMES INC

EIN: 856010706 501(c)(3)

CARLSBAD, NM

Total Revenue
$1,720,058
Total Expenses
$1,203,375
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
NM
Principal Officer
NEAL DUNGAN
Phone
5758872894
Tax Period
2020-01-01 to 2020-12-31

LANDSUN HOMES INC, founded in 1965, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2020. Revenue fell 79% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $517K, a strong 30% operating margin.

Mission

LANDSUN HOMES, INC. IS A MULTIPLE SERVICE RETIREMENT COMMUNITY OFFERING RESIDENTIAL OPTIONS OF HOMES, APARTMENTS, ASSISTED LIVING, LONG-TERM CARE AND SKILLED NURSING TO OLDER ADULTS. LANDSUN HOMES, INC STRIVES TO ENHANCE RESIDENT'S QUALITY OF LIFE BY PROVIDING INDEPENDENT LIVING FOR THOSE WHO ARE ABLE, HELP WITH ACTIVITIES OF DAILY LIVING FOR THOSE REQUIRING IT, AND LONG-TERM CARE FOR THE FRAIL AND DISABLED. LANDSUN HOMES, INC. HAS A COVENANT RELATIONSHIP WITH THE NEW MEXICO ANNUAL CONFERENCE OF THE UNITED METHODIST CHURCH, AND WELCOMES INDIVIDUALS OF ALL DENOMINATIONS AND FAITHS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $1,019,543
Program Service Revenue $686,694
Investment Income $369
Other Revenue $13,452
TOTAL REVENUE $1,720,058

Expense Breakdown

Grants Paid $0
Salaries & Benefits $899,396
Fundraising Expenses $250
Program Expenses $972,003
Other Expenses $303,979
TOTAL EXPENSES $1,203,375

Year-over-Year Comparison

2020 2019 Change
Revenue $1,720,058 $8,321,291 -0.8%
Expenses $1,203,375 $8,314,043 -0.9%
Net Income $516,683 $7,248 +70.3%
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
10
Independent Members
10
Employees
130
Volunteers
N/A

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
4
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REV DAN BOYD MEMBER N/A
Director
$0 $0 $0
CHERYL CARRAWAY MEMBER N/A
Director
$0 $0 $0
NEAL DUNGAN MEMBER N/A
Director
$0 $0 $0
GEMMA FERGUSON MEMBER N/A
Director
$0 $0 $0
MARY LOU LEAVELL MEMBER N/A
Director
$0 $0 $0
WANDA WELCH MEMBER N/A
Director
$0 $0 $0
RICHARD FORREST MEMBER N/A
Officer
$0 $0 $0
SCOTT GOODALE SECRETARY N/A
Officer
$0 $0 $0
CHRIS JONES PRESIDENT N/A
Officer
$0 $0 $0
DEANNA TAYLOR VICE PRESIDE N/A
Officer
$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
2020 $1,720,058 $1,203,375 No data $516,683
2019 $8,321,291 $8,314,043 $6,098,037 $7,248
2018 $7,092,694 $7,741,200 $7,326,129 $-648,506
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