Lincoln Villas North Inc
- Assets
- $2.5m
- Revenue
- $800.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Watertown, WI
- Founding
- 08/1980
- Data as of
- 12/2022
- EIN
- 39-1363010
Organization Overview
Lincoln Villas North Inc is located in Watertown, WI. The organization was established in 1980. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. Lincoln Villas North Inc 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 12/2022, Lincoln Villas North Inc generated $800.3k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $714.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LINCOLN VILLAS NORTH PROVIDES LOW INCOME HOUSING THROUGH HUD FOR SENIORS. LINCOLN VILLAS NORTH HAS ONE BUILDING WITH 74 ONE BEDROOM APARTMENT UNITS AND INCLUDES A SENIOR LUNCH PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LINCOLN VILLAS NORTH PROVIDES LOW INCOME HOUSING FOR SENIORS THROUGH HUD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Mauthe CEO | OfficerTrustee | 1 | $0 |
Michael Libby Senior VP Of Operations | OfficerTrustee | 1 | $0 |
Mark Pietrowiak VP Of Business Development | Trustee | 1 | $0 |
Sherry Cira Senior VP Of Administration | Trustee | 1 | $0 |
Jennifer Johnson Executive Director- The Marquardt | Trustee | 1 | $0 |
Jeff Hoffmann VP Of Construction | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $771,572 |
| Investment income | $10,795 |
| 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 | $800,340 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $71,715 |
| Pension plan accruals and contributions | $1,355 |
| Other employee benefits | $4,632 |
| Payroll taxes | $3,538 |
| Fees for services: Management | $49,342 |
| Fees for services: Legal | $16,169 |
| Fees for services: Accounting | $21,765 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,979 |
| Office expenses | $38,455 |
| Information technology | $7,798 |
| Royalties | $0 |
| Occupancy | $149,256 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $104,288 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $203,383 |
| Insurance | $27,495 |
| All other expenses | $543 |
| Total functional expenses | $714,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,363 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $165,676 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $23,232 |
| Net Land, buildings, and equipment | $1,568,593 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $678,003 |
| Total assets | $2,517,867 |
| Accounts payable and accrued expenses | $236,469 |
| 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 | $3,816,106 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,398 |
| Total liabilities | $4,075,973 |
| Net assets without donor restrictions | -$1,558,106 |
| 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 | $2,517,867 |