La Cruz Community
- Assets
- $2.0m
- Revenue
- $869.1k
- Investments
- $0.0
- Employees
- 0
- Location
- St Cloud, MN
- Founding
- 08/1997
- Data as of
- 12/2023
- EIN
- 41-1855204
Organization Overview
La Cruz Community is located in St Cloud, MN. The organization was established in 1997. According to its NTEE Classification (L80) the organization is classified as: Housing Support, 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. LA Cruz Community 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, LA Cruz Community generated $869.1k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $818.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE ON A NON-PROFIT BASIS, HOUSING FOR LOW AND MODERATE INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PROVIDED 104 HOUSING UNITS TO LOW AND MODERATE INCOME FAMILIES, ON A NON-PROFIT BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven P Bresnahan Board President | OfficerTrustee | 0.07 | $0 |
Renae Sternke Board Vice President | OfficerTrustee | 0.07 | $0 |
Tonya Schmidt Board Secretary/treasurer | OfficerTrustee | 0.07 | $0 |
Joanne Broschofsky Director Of Finance | Officer | 1 | $0 |
Stacy Pederson Director Of Affordable & Transitional Housing | Officer | 3 | $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 | $862,641 |
| Investment income | $6,422 |
| 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 | $869,063 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $142,430 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,410 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57,526 |
| Advertising and promotion | $0 |
| Office expenses | $17,599 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $433,061 |
| Travel | $456 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,888 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $121,618 |
| Insurance | $34,216 |
| All other expenses | $79 |
| Total functional expenses | $818,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,455 |
| Savings and temporary cash investments | $553,668 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,182 |
| 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 | $2,837 |
| Net Land, buildings, and equipment | $1,365,867 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,033,009 |
| Accounts payable and accrued expenses | $247,323 |
| Grants payable | $0 |
| Deferred revenue | $2,932 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $67,778 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $675,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $993,033 |
| Net assets without donor restrictions | $1,039,976 |
| 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 | $2,033,009 |