Civic Intelligence

Laconia Area Community Land Trust Inc

990 • Fiscal year 2013 • EIN 02-0426348

Jan 01, 2013 to Dec 31, 2013 • Filed on May 21, 2014

658 Union AvenueLaconia, NH 03246

(603) 524-0747

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

56th percentile

0.26x

Higher debt load relative to assets than 56% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Liabilities / Revenue

81st percentile

1.13x

Higher debt load relative to revenue than 81% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Net Margin

86th percentile

38%

Higher net margin than 86% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Top Officer Pay

67th percentile

$153,917

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 9.2% of source-year revenue.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Asset Growth

86th percentile

23%

Faster asset growth than 86% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Up

$7,328,528

Up $1,360,206 (+23%) from 2012

Net Assets

Up

$5,420,294

Up $547,686 (+11%) from 2012

Liabilities

Up

$1,908,234

Up $812,520 (+74%) from 2012

Revenue

$1,681,836

No earlier filing loaded for comparison.

Expenses

Up

$1,046,552

Up $107,709 (+11%) from 2012

Net Income

$635,284

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2010: $5,620,038Liabilities 2010: $1,138,399Net Assets 2010: $4,481,6392010Assets 2011: $5,953,508Liabilities 2011: $1,099,430Net Assets 2011: $4,854,0782011Assets 2012: $5,968,322Liabilities 2012: $1,095,714Net Assets 2012: $4,872,6082012Assets 2013: $7,328,528Liabilities 2013: $1,908,234Net Assets 2013: $5,420,2942013Assets 2014: $8,577,268Liabilities 2014: $2,682,024Net Assets 2014: $5,895,2442014Assets 2015: $8,361,371Liabilities 2015: $2,468,020Net Assets 2015: $5,893,3512015Assets 2016: $12,837,925Liabilities 2016: $7,000,608Net Assets 2016: $5,837,3172016Assets 2017: $12,527,067Liabilities 2017: $6,733,390Net Assets 2017: $5,793,6772017Assets 2018: $12,985,613Liabilities 2018: $6,292,388Net Assets 2018: $6,693,2252018Assets 2019: $12,214,429Liabilities 2019: $4,377,329Net Assets 2019: $7,837,1002019Assets 2020: $15,012,074Liabilities 2020: $4,731,210Net Assets 2020: $10,280,8642020Assets 2021: $15,899,939Liabilities 2021: $4,211,940Net Assets 2021: $11,687,9992021Assets 2022: $15,130,860Liabilities 2022: $4,192,542Net Assets 2022: $10,938,3182022Assets 2023: $16,073,008Liabilities 2023: $4,135,042Net Assets 2023: $11,937,9662023Assets 2024: $18,410,945Liabilities 2024: $3,983,764Net Assets 2024: $14,427,1812024

Highlighted filing

2013

Assets$7,328,528
Liabilities$1,908,234
Net Assets$5,420,294

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $905,5412010Expenses 2011: $923,4372011Expenses 2012: $938,8432012Revenue 2013: $1,681,836Expenses 2013: $1,046,552Net Income 2013: $635,2842013Revenue 2014: $1,859,990Expenses 2014: $1,124,800Net Income 2014: $735,1902014Revenue 2015: $1,524,491Expenses 2015: $1,238,817Net Income 2015: $285,6742015Revenue 2016: $1,517,632Expenses 2016: $1,399,049Net Income 2016: $118,5832016Revenue 2017: $2,007,086Expenses 2017: $2,092,801Net Income 2017: -$85,7152017Revenue 2018: $3,449,123Expenses 2018: $2,267,841Net Income 2018: $1,181,2822018Revenue 2019: $3,438,781Expenses 2019: $2,000,899Net Income 2019: $1,437,8822019Revenue 2020: $3,390,240Expenses 2020: $1,807,188Net Income 2020: $1,583,0522020Revenue 2021: $3,154,056Expenses 2021: $1,973,873Net Income 2021: $1,180,1832021Revenue 2022: $2,294,982Expenses 2022: $2,132,678Net Income 2022: $162,3042022Revenue 2023: $3,001,373Expenses 2023: $2,043,643Net Income 2023: $957,7302023Revenue 2024: $4,173,540Expenses 2024: $2,568,269Net Income 2024: $1,605,2712024

Highlighted filing

2013

Revenue$1,681,836
Expenses$1,046,552
Net Income$635,284
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 21, 2014
Return Version
2013v3.1
Gross Receipts
$1,681,836
Mission and Program Overview

Mission

Lrcd's mission is to create opportunities for the lakes region to thrive by developing healthy homes, creating vibrant community assets, and engaging residents.

Laconia area community land trust, inc's ("laclt") mission is to assist low and moderate income families achieve economic self sufficiency through the development of permanently affordable housing opportunities and associated support programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,742,821$3,660,931▲ $918,110
Savings and Temporary Cash Investments$2,044,580$2,103,536▲ $58,956
Other Notes and Loans Receivable, Net$475,814$472,239▼ $3,575
Pledges and Grants Receivable$172,787$285,079▲ $112,292
Accounts Receivable$134,211$238,428▲ $104,217
Cash and Non-Interest-Bearing Accounts$144,677$204,928▲ $60,251
Investments Program Related$200,371$197,055▼ $3,316
Prepaid Expenses and Deferred Charges$26,811$32,409▲ $5,598
Total Assets$5,968,322$7,328,528▲ $1,360,206
Other Assets Total$26,250$133,923▲ $107,673
Liabilities
Mortgage Notes Payable Secured by Investment Property$880,864$1,673,534▲ $792,670
Other Liabilities$124,033$127,247▲ $3,214
Accounts Payable and Accrued Expenses$87,866$104,551▲ $16,685
Deferred Revenue$2,951$2,902▼ $49
Total Liabilities$1,095,714$1,908,234▲ $812,520
Net Assets / Fund Balance
Unrestricted Net Assets$2,930,144$3,281,128▲ $350,984
Permanently Rstr Net Assets$1,719,011$1,693,931▼ $25,080
Temporarily Rstr Net Assets$223,453$445,235▲ $221,782
Total Net Assets Fund Balance$4,872,608$5,420,294▲ $547,686
Total Liabilities and Net Assets / Fund Balance$5,968,322$7,328,528▲ $1,360,206

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,518,255$647,028$113,850
Land$1,133,430-$51,150
Equipment$9,246$65,275$42,935
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Linda L HarveyExecutive DirectorFT$153,917-$153,917
Linda L Harvey--$128,917$25,000$153,917

Board Members and Trustees

NameTitle
Ryan BartonChair
Paul CharltonVice Chair
Brad HunterBoard Member
Geoff RugglesBoard Member
Kerri LoweBoard Member
Maria BabineauBoard Member
Marie McdonaldBoard Member
Rick FoggBoard Member
Cynthia DameSecretary
Jason Hicks CPATreasurer
Lisa MorrisVice Secretary
Christopher WalkleyVice Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Dracass BuildersContractor-$135,663
Revenue and Support

Revenue Composition

Contributions and Grants
$954,537
Program Service Revenue
$688,916
Investment Income
$4,481
Other Revenue
$33,902
All Other Contributions
$678,031
Change in Net Assets
$635,284
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$621,746
Other Expenses$424,806
Total Fundraising Expense$38,018
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$332,245$25,386$15,666$373,297
Current Officers, Directors, Trustees, and Key Employees$114,838$17,007$13,731$145,576
Occupancy$139,869$897$513$141,279
Depreciation Depletion$73,120$421$240$73,781
Other Employee Benefits$55,106$5,225$3,623$63,954
Payroll Taxes$33,534$3,180$2,205$38,919
Fees for Services Management$31,800$0$0$31,800
Fees for Services Accounting$21,214$1,025$586$22,825
Insurance$18,566$212$121$18,899
Office Expenses$16,005$841$480$17,326
All Other Expenses$15,772$743$425$16,940
Other Expenses$4,199$263$151$4,613
Travel$4,008$65$37$4,110
Fees for Services Other$3,228$254$145$3,627
Advertising$1,420$18$10$1,448
Fees for Services Legal$171$0$0$171
Total Functional Expenses$952,848$55,686$38,018$1,046,552
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Equity Equivalent Investment$110,000
Tenant Security Deposits$17,247
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
Yes
Filing and Contact Details

Filer

EIN
02-0426348
Phone
6035240747

Signing Officer

Name
Linda L Harvey
Title
Executive Director
Phone
6035240747
Signed
2014-05-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Linda L Harvey
Formed
1988
Legal Domicile
Nh
Voting Board Members
12
Independent Board Members
12
Employees
8
Volunteers
61

Preparer

Preparer
Nesseralla Company LLC
Phone
6033693812
Supplemental Narrative

Additional Explanations

Pt VI, Line 7B

The sale of land needs to be approved by the members.

Pt VI, Line 11B

The form 990 is prepared by an independent auditor

Pt VI, Line 11B

With input from laclt. Upon completion, the form is

Pt VI, Line 11B

Reviewed by the finance director, executive director,

Pt VI, Line 11B

And the treasurer of the board of directors who reports

Pt VI, Line 11B

TO THE BOARD

Pt VI, Line 12C

The policy is reviewed and discussed annually with each board

Pt VI, Line 12C

Member to determine if there are any potential conflicits

Pt VI, Line 12C

Of interests. Complete monthly disclosure is required per

Pt VI, Line 12C

Policy. Similarly, the policy is reviewed annually with key

Pt VI, Line 12C

Employees and monitored through the application of procedures

Pt VI, Line 12C

That are outlined in the fiscal policies manual and enforced

Pt VI, Line 12C

ON A DAILY BASIS

Pt VI, Line 15A

Comparability data is obtained from similar organizations in

Pt VI, Line 15A

The state, from the neighborworks ne region data base and the

Pt VI, Line 15A

Nh non-profits data base. The board of directors reviews the

Pt VI, Line 15A

Executive director and approves the compensation package. The

Pt VI, Line 15A

Executive director reviews the deputy director; the executive

Pt VI, Line 15A

Director and the deputy director review the remainder of the staff.

Pt VI, Line 15A

Compensation packages for the staff are approved by the executive

Pt VI, Line 15A

Director and become final once the annual operating budget is

Pt VI, Line 15A

Approved by the board of directors.

Pt VI, Line 19

All such documents are maintained in the laclt conference room

Pt VI, Line 19

And are available to the general public upon request.

Pt VI, Line 6

Members are comprised of leasehodlers and community members

Pt VI, Line 7A

Members elect the board of directors and control any

Form 990, Part III, Line 4D

Transitional services - laclt's transitional service program serves families 58312. 0. 61959. Tenant support - laclt residents who desire support services are 33468. 0. 35561.

Form 990, Part IX, Line 24F

Training and education discount on note payable dues and subscriptions

Pt VI, Line 7A

Decision regarding the sale of land.

Pt VI, Line 3

The organization delegates its property management

Pt VI, Line 3

Functions to an outside management company.

Pt XI

Recovery of discount on note receivable of $6,653

Pt XI

Loss on disposition of partnership interest of $94,251

Pt VI, Line 15B

SEE RESPONSE TO PART VI, LINE 15a

Financial Statement Notes

Pt X Line 2

During the year ended december 31, 2009, laclt adopted topic 740 of the asc relating to accounting for uncertainty in income taxes. As required by this topic, management of laclt has evaluated its tax positions, applying a "more likely than not" standard, and believes that there would be no material changes to the results of its operations or financial position as a result of an audit by the applicable taxing authorities,

Pt X Line 2

Federal or state(s). Laclt has filed all of its known and required returns in a timely manner, including as permitted allowed extensions. Accordingly, management believes tax years 2011, 2012, and 2013, following administrative practive of the taxing authorities, remain open years and subject to review.

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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$18.4$3.98$14.4$4.17$2.57$1.61
2023Detailed filing. Detailed filing data is available for this year.$16.1$4.14$11.9$3.00$2.04$0.96
2022Detailed filing. Detailed filing data is available for this year.$15.1$4.19$10.9$2.29$2.13$0.16
2021Detailed filing. Detailed filing data is available for this year.$15.9$4.21$11.7$3.15$1.97$1.18
2020Detailed filing. Detailed filing data is available for this year.$15.0$4.73$10.3$3.39$1.81$1.58
2019Summary only. Only limited summary data is available for this year.$12.2$4.38$7.84$3.44$2.00$1.44
2018Detailed filing. Detailed filing data is available for this year.$13.0$6.29$6.69$3.45$2.27$1.18
2017Detailed filing. Detailed filing data is available for this year.$12.5$6.73$5.79$2.01$2.09$0.09
2016Detailed filing. Detailed filing data is available for this year.$12.8$7.00$5.84$1.52$1.40$0.12
2015Detailed filing. Detailed filing data is available for this year.$8.36$2.47$5.89$1.52$1.24$0.29
2014Detailed filing. Detailed filing data is available for this year.$8.58$2.68$5.90$1.86$1.12$0.74
2013Detailed filing. Detailed filing data is available for this year.$7.33$1.91$5.42$1.68$1.05$0.64
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.97$1.10$4.87$0.94
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.95$1.10$4.85$0.92
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.62$1.14$4.48$0.91
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2013 filings • 501(c)3 • $5M-$10M nonprofits