Landsun Homes Inc

Organization Overview

Landsun Homes Inc is located in Carlsbad, NM. The organization was established in 1974. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 12/2020, Landsun Homes Inc employed 130 individuals. Landsun 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 12/2020, Landsun Homes Inc generated $1.7m 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 (24.1%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (29.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

LANDSUN HOMES, INC. IS A MULTIPLE SERVICE RETIREMENT COMMUNITY OFFERING RESIDENTIAL OPTIONS OF HOMES, APARTMENTS, ASSISTED LIVING, LONG-TERM CARE AND SKILLED NURSING TO OLDER ADULTS. LANDSUN HOMES, INC STRIVES TO ENHANCE RESIDENT'S QUALITY OF LIFE BY PROVIDING INDEPENDENT LIVING FOR THOSE WHO ARE ABLE, HELP WITH ACTIVITIES OF DAILY LIVING FOR THOSE REQUIRING IT, AND LONG-TERM CARE FOR THE FRAIL AND DISABLED. LANDSUN HOMES, INC. HAS A COVENANT RELATIONSHIP WITH THE NEW MEXICO ANNUAL CONFERENCE OF THE UNITED METHODIST CHURCH, AND WELCOMES INDIVIDUALS OF ALL DENOMINATIONS AND FAITHS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OPERATION OF A HOME FOR THE CARE AND TREATMENT OF THE AGED, SICK, & DISABLED PATIENTS. PATIENT DAYS FOR THE FACILITY TOTAL 21,061 FOR THE YEAR ENDED DECEMBER 31, 2019.


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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$1,019,543
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,019,543
Total Program Service Revenue$686,694
Investment income $369
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $10,905
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 $1,720,058

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Landsun Homes Inc has recieved totaling $1,015,474.

Awarding OrganizationAmount
Gods Light In The Darkness Foundation

Carlbad, NM

PURPOSE: GENERAL SUPPORT

$1,000,000
United Way Of Eddy County

Carlsbad, NM

PURPOSE: General Support

$10,000
Network For Good Inc

Washington, DC

PURPOSE: Unrestricted

$5,474
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,714,632
Other Expense$1,714,632

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