Lancaster Homes Inc
- Assets
- $407.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lancaster, MN
- Founding
- 11/1976
- Data as of
- 12/2021
- EIN
- 41-1280688
Organization Overview
Lancaster Homes Inc is located in Lancaster, MN. The organization was established in 1976. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., 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. Lancaster Homes Inc is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 12/2021, Lancaster Homes Inc generated $83.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $93.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
WE PROVIDE LOW INCOME HOUSING FOR THE ELDERLY. THERE ARE 20 APARTMENT UNITS IN OUR PROJECT. RENTS ARE SUBSIDIZED BY HUD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Peterson Secretary | 1 | $0 | |
Betty Wileski Asst Treasurer | 1 | $0 | |
Gregory Peterson Vice President | 1 | $0 | |
Dianne Rice President | 1 | $0 | |
Bob Laude Treasurer | 1 | $0 | |
Peggy Wilebski Asst Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $83,120 |
| Membership dues | $0 |
| Investment income | $169 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $83,289 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $11,027 |
| Professional fees and other payments to independent contractors | $8,912 |
| Occupancy, rent, utilities, and maintenance | $73,349 |
| Printing, publications, postage, and shipping | $112 |
| Other expenses | $0 |
| Total expenses | $93,400 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $64,987 |
| Other assets | $0 |
| Total assets | $407,156 |
| Total liabilities | $132,550 |
| Net assets or fund balances | $274,606 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wayside House Inc St Louis Park, MN | $4,548,768 | $9,185,572 |
Good Shepherd Lutheran Home Rushford, MN | $5,235,289 | $7,321,984 |
Central Iowa Shelter & Services Des Moines, IA | $16,046,844 | $7,232,062 |
Partnership Resources Inc Minneapolis, MN | $2,279,751 | $4,670,067 |
Eastwood Of Ames Inc Spencer, IA | $21,177,734 | $3,310,260 |
Willis Dady Emergency Shelter Inc Cedar Rapids, IA | $7,658,344 | $4,943,373 |
Titonka Community Rest Home Inc Titonka, IA | $1,173,392 | $2,166,094 |
St Francis House Of Sioux Falls Sioux Falls, SD | $9,002,072 | $2,914,351 |
Upper Midwest Automated Clearing House Association Inc Brooklyn Park, MN | $1,779,481 | $2,212,998 |
New Community Shelter Inc Green Bay, WI | $6,259,799 | $3,288,764 |
Hope Coalition Red Wing, MN | $838,272 | $2,162,260 |
Macha Inc Germantown, WI | $5,873,780 | $2,398,437 |