Lacoba Homes Inc
- Assets
- $10.9m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 198
- Location
- Monett, MO
- Founding
- 06/1967
- Data as of
- 12/2023
- EIN
- 43-0863738
Organization Overview
Lacoba Homes Inc is located in Monett, MO. The organization was established in 1967. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Lacoba Homes Inc employed 198 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lacoba Homes 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 12/2023, Lacoba Homes Inc generated $6.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $5.2m during the year ending 12/2023. While expenses have increased by 0.5% per year over the past 9 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
LACOBA HOMES, INC., IS A 72 BED, 28 CHURCHES AFFILIATED, NOT-FOR-PROFIT SKILLED NURSING FACILITY.
Describe the Organization's Program Activity:
SKILLED NURSING AND REHABILITATION SERVICES - ON-SITE SERVICES INCLUDE ACTIVITIES, CLINICAL LAB, DENTAL, DIETARY, HOUSEKEEPING, MENTAL HEALTH, NURSING, OCCUPATIONAL THERAPY, PHARMACY, PHYSICAL THERAPY, PHYSICIAN, PODIATRY, SOCIAL WORK, SPEECH AND LANGUAGE PATHOLOGY, AND X-RAY SERVICES.
THE VILLAS AT LACOBA HOMES - THE VILLAS OFFER INDEPENDENT LIVING IN UPSCALE ONE OR TWO BEDROOM APARTMENTS. THE APARTMENTS PROVIDE AN ENVIRONMENT WHERE A RESIDENT CAN MAKE HIS OR HER OWN CHOICES AND TAKE ADVANTAGE OF A VARIETY OF ACTIVITIES AND AMENITIES. THE PRIVATE RESIDENCES AT THE VILLAS INCLUDE WASHERS AND DRYERS IN EVERY APARTMENT, FULL BATH WITH SAFETY FEATURES, PATIOS IN EVERY APARTMENT, ATTACHED GARAGE AVAILABLE AND 24 HOUR EMERGENCY CALL SERVICE. ADDITIONAL AMENITIES INCLUDE BEAUTY PARLOR AND BARBER SHOP, BUILDING AND LAWN MAINTENANCE INCLUDED, CHURCH SERVICES, SOCIAL PROGRAMS AND SCHEDULED TRANSPORTATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary | OfficerTrustee | 0.5 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 0.5 | $0 |
Name Not Listed Vice President | OfficerTrustee | 1.5 | $0 |
Name Not Listed President | OfficerTrustee | 2 | $0 |
Name Not Listed Member | Trustee | 0.2 | $0 |
Name Not Listed Member - Beg 02/23 | Trustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aegis Therapies Therapy | 12/30/22 | $363,004 |
Healthcare Services Group Housekeeping | 12/30/22 | $239,603 |
Sysco Food Services Food Services | 12/30/22 | $121,352 |
Forvis Llp Cost Rpt/tx/acctg | 12/30/22 | $150,080 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $524,735 |
| All other contributions, gifts, grants, and similar amounts not included above | $46,594 |
| Noncash contributions included in lines 1a–1f | $25,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $571,329 |
| Total Program Service Revenue | $5,171,503 |
| Investment income | $249,092 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,341 |
| Net Gain/Loss on Asset Sales | $2,161 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,066,263 |
| 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. | $222,656 |
| Compensation of current officers, directors, key employees. | $222,656 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,382,051 |
| Pension plan accruals and contributions | $42,240 |
| Other employee benefits | $128,586 |
| Payroll taxes | $194,582 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7 |
| Fees for services: Accounting | $48,560 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $924,301 |
| Advertising and promotion | $897 |
| Office expenses | $383,124 |
| Information technology | $37,066 |
| Royalties | $0 |
| Occupancy | $209,390 |
| Travel | $19,388 |
| 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 | $261,974 |
| Insurance | $39,371 |
| All other expenses | $0 |
| Total functional expenses | $5,203,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $147,163 |
| Savings and temporary cash investments | $6,499,696 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $277,279 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $17,043 |
| Prepaid expenses and deferred charges | $9,537 |
| Net Land, buildings, and equipment | $3,977,389 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,928,107 |
| Accounts payable and accrued expenses | $264,407 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $6,463 |
| 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 | $6,500 |
| Total liabilities | $277,370 |
| Net assets without donor restrictions | $0 |
| 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 | $10,650,737 |
| Total liabilities and net assets/fund balances | $10,928,107 |