Lincoln Villas North Inc
- Assets
- $2.4m
- Revenue
- $896.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Watertown, WI
- Founding
- 08/1980
- Data as of
- 12/2021
- 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 12/2021, Lincoln Villas North Inc generated $896.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 8.0% per year over the past 7 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
2021
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Mauthe President | OfficerTrustee | 1 | $0 |
Jeff Hoffmann Vice President | OfficerTrustee | 1 | $0 |
Robert Meidenbauer Secretary/treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $156,295 |
| 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 | $156,295 |
| Total Program Service Revenue | $732,924 |
| Investment income | $553 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,705 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $896,303 |
| 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 | $50,251 |
| Pension plan accruals and contributions | $540 |
| Other employee benefits | $4,547 |
| Payroll taxes | $2,482 |
| Fees for services: Management | $47,127 |
| Fees for services: Legal | $3,315 |
| Fees for services: Accounting | $18,095 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $76,591 |
| Advertising and promotion | $0 |
| Office expenses | $38,535 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $106,132 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,478 |
| Interest | $106,977 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $199,346 |
| Insurance | $27,392 |
| All other expenses | $0 |
| Total functional expenses | $1,506,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141,370 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,714 |
| 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 | $20,762 |
| Net Land, buildings, and equipment | $1,632,443 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $570,538 |
| Total assets | $2,406,827 |
| Accounts payable and accrued expenses | $111,967 |
| 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 | $3,916,928 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $22,128 |
| Total liabilities | $4,051,023 |
| Net assets without donor restrictions | -$1,644,196 |
| 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 | $2,406,827 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sholom Home East Inc St Paul, MN | $55,805,227 | $20,264,604 |
Homestead At Rochester Inc Eden Prairie, MN | $84,661,096 | $19,652,604 |
Cinnaire Corporation Cinnaire Lansing, MI | $74,619,323 | $21,850,720 |
Affordable Housing Development Fund Inc Rockford, IL | $87,465,066 | $18,557,415 |
Chicago Low Income Housing Trust Fund Chicago, IL | $68,435,328 | $24,410,244 |
Bethany Housing Ministries Inc Muskegon, MI | $4,087,536 | $16,635,219 |
Interfaith Housing Development Corporation Of Chicago Chicago, IL | $13,790,371 | $15,355,980 |
Jeremiah Program Minneapolis, MN | $39,745,824 | $13,376,447 |
European American Association Chicago, IL | $18,209,689 | $14,984,488 |
Milwaukee Habitat For Humanity Milwaukee, WI | $24,987,795 | $20,382,762 |
Hispanic Housing Development Corp Chicago, IL | $88,735,655 | $15,154,061 |
Habitat For Humanity International Inc Des Moines, IA | $24,118,438 | $12,529,342 |