Leisure Acres Phase Ii Housing Corporation

Organization Overview

Leisure Acres Phase Ii Housing Corporation is located in Washington, IL. The organization was established in 1981. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leisure Acres Phase Ii Housing Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2023, Leisure Acres Phase Ii Housing Corporation generated $1.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. While expenses have increased by 0.9% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE QUALITY GOVERNMENT SUBSIDIZED HOUSING TO SENIOR CITIZENS AND DISABLED PERSONS AT AFFORDABLE RATES, WITH ATTRACTIVE AMENITITES, INCLUDING PRIVATE PATIOS, PORCH AND WALKING PATH AROUND ENTIRE 16 BUILDING COMPLEX. GROUND IS AVAILABLE TO PLANT FLOWERS AND A GARDEN. EACH BUILDING CONTAINS WASHER/DRYER FACILITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE QUALITY GOVERNMENT SUBSIDIZED HOUSING TO SENIOR CITIZENS AND DISABLED PERSONS AT AFFORDABLE RATES, WITH ATTRACTIVE AMENITITES, INCLUDING PRIVATE PATIOS, PORCH AND WALKING PATH AROUND ENTIRE 16 BUILDING COMPLEX. GROUND IS AVAILABLE TO PLANT FLOWERS AND A GARDEN. EACH BUILDING CONTAINS WASHER/DRYER FACILITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Fred Luke
President
$0
Dennis Bechtel
Vice President
$0
Joseph W Corrigan
Secretary/treasurer
$0
Aaron Rose
Director
$0
Gary Deiters
Director
$0
Jim Mcintyre
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Robert Cottingham Property Management Co
Mgmt/acctg/tech/ins/repair Reimbursement
$152,170
Zobrist Construction
Construction
$117,490
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,206,819
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,206,819
Total Program Service Revenue$653,685
Investment income $19,239
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,879,743

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Leisure Acres Phase Ii Housing Corporation
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$1,879,743

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