Laborers Home Development Corporation
- Assets
- $17.2m
- Revenue
- $1.3m
- Investments
- $8.5m
- Employees
- 9
- Location
- Jacksonville, IL
- Founding
- 02/2001
- Data as of
- 12/2023
- EIN
- 37-1374621
Organization Overview
Laborers Home Development Corporation is located in Jacksonville, IL. The organization was established in 2001. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Laborers Home Development Corporation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laborers Home Development Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Laborers Home Development Corporation generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. While expenses have increased by 4.0% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE LOW INCOME HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DEVELOP, MANAGE AND PRESERVE AFFORDABLE HOUSING PRIMARILY IN ILLINOIS AND IOWA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jayne Lourash Executive Director/secretary-Treasurer | OfficerTrustee | 40 | $203,115 |
David Frye President | OfficerTrustee | 0 | $0 |
Brandon Flinn Director | Trustee | 0 | $0 |
Glyn Ramage Director | Trustee | 0 | $0 |
Matt Smith Director | Trustee | 0 | $0 |
Reno Hammond Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,400 |
| Total Program Service Revenue | $1,136,500 |
| Investment income | $122,579 |
| 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 | $1,285,330 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $27,560 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $203,115 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $330,290 |
| Pension plan accruals and contributions | $212,890 |
| Other employee benefits | $177,619 |
| Payroll taxes | $39,914 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,371 |
| Fees for services: Accounting | $43,729 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $30,324 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $50,587 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,525 |
| Insurance | $41,273 |
| All other expenses | $0 |
| Total functional expenses | $1,358,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $724,987 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $183,409 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,674,024 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2 |
| Net Land, buildings, and equipment | $36,850 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $8,490,868 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,139,140 |
| Total assets | $17,249,280 |
| Accounts payable and accrued expenses | $8,589 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,589 |
| Net assets without donor restrictions | $17,240,691 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $17,249,280 |
Grants Awarded
Over the last fiscal year, Laborers Home Development Corporation has awarded $19,600 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LADD SENIOR HOUSING PURPOSE: ASSIST LADD SENIOR HOUSING | $12,600 |
LANDMARKS ILLINOIS PURPOSE: DONATION | $7,000 |