Liabilities / Assets
51st percentile
Higher debt load relative to assets than 51% of similar nonprofits.
EIN 35-1271736 • 501(c)4 • Logansport, IN
Profile
Logansport interfaith housing corporation is an indiana not-for-profit and was organized to construct, own and operate a 102 unit apartment complex in logansport, indiana known as pincrest manor. It was organized pursuant to section 236 of the national housing act as amended. The organization has executed the standard regulatory agreements with hud that govern the operations of the community with the federal housing administration (fha). In addition, the corporation has also entered into a housing assistance payment contract (hap) with hud. The hap contract is a rent assistance program for low income families or persons as provided by section 8 of the national housing act.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
51st percentile
Higher debt load relative to assets than 51% of similar nonprofits.
Liabilities / Revenue
56th percentile
Higher debt load relative to revenue than 56% of similar nonprofits.
Net Margin
58th percentile
Higher net margin than 58% of similar nonprofits.
Top Officer Pay
63rd percentile
Higher top officer pay than 63% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
52nd percentile
Faster asset growth than 52% of similar nonprofits.
Revenue Growth
68th percentile
Faster revenue growth than 68% of similar nonprofits.
Assets
Up$2,124,435
Up $95,457 (+4.7%) from 2024
Liabilities
Down$90,692
Down $46,911 (-34%) from 2024
Net Assets
Up$2,033,743
Up $142,368 (+7.5%) from 2024
Revenue
Up$1,031,533
Up $191,508 (+23%) from 2024
Expenses
Up$889,165
Up $42,167 (+5.0%) from 2024
Net Income
Up$142,368
Up $149,341 (+2142%) from 2024
Most recent year
2025 • Form 990Detailed filing. Detailed filing data is available for this year.
Logansport interfaith housing corporation is an indiana not-for-profit and was organized to construct, own and operate a 102 unit apartment complex in logansport, indiana known as pincrest manor. It was organized pursuant to section 236 of the national housing act as amended. The organization has executed the standard regulatory agreements with hud that govern the operations of the community with the federal housing administration (fha). In addition, the corporation has also entered into a housing assistance payment contract (hap) with hud. The hap contract is a rent assistance program for low income families or persons as provided by section 8 of the national housing act.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $1,220,568 | $1,153,950 | ▼ $66,618 |
| Investments Program Related | $483,104 | $567,240 | ▲ $84,136 |
| Cash and Non-Interest-Bearing Accounts | $77,331 | $219,415 | ▲ $142,084 |
| Savings and Temporary Cash Investments | $123,307 | $131,593 | ▲ $8,286 |
| Accounts Receivable | $9,834 | $20,450 | ▲ $10,616 |
| Prepaid Expenses and Deferred Charges | $5,294 | $6,022 | ▲ $728 |
| Total Assets | $2,028,978 | $2,124,435 | ▲ $95,457 |
| Other Assets Total | $109,540 | $25,765 | ▼ $83,775 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $103,527 | $52,279 | ▼ $51,248 |
| Other Liabilities | $32,055 | $30,271 | ▼ $1,784 |
| Deferred Revenue | $2,021 | $8,142 | ▲ $6,121 |
| Total Liabilities | $137,603 | $90,692 | ▼ $46,911 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $1,891,375 | $2,033,743 | ▲ $142,368 |
| Total Net Assets Fund Balance | $1,891,375 | $2,033,743 | ▲ $142,368 |
| Total Liabilities and Net Assets / Fund Balance | $2,028,978 | $2,124,435 | ▲ $95,457 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $709,548 | $2,265,096 | $2,974,644 |
| Equipment | $389,146 | $814,026 | $1,203,172 |
| Land | $55,256 | - | $55,256 |
| Investment Program Related Org | $67,837 | - | - |
| Name | Title |
|---|---|
| Howard Lhamon | President |
| Steve Mechling | Vice President |
| Becky Groff | Director |
| Dick Farris | Director |
| John Davis | Director |
| Jenny Grandstaff | Secretary/treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $883,165 |
| Grants and Similar Amounts Paid | $6,000 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Occupancy | $456,106 | - | - | $456,106 |
| Depreciation Depletion | $98,988 | - | - | $98,988 |
| Fees for Services Management | - | $84,532 | - | $84,532 |
| Office Expenses | - | $39,455 | - | $39,455 |
| Fees for Services Accounting | - | $33,204 | - | $33,204 |
| Other Expenses | $39,771 | $8,186 | - | $8,186 |
| Grants to Domestic Orgs | $6,000 | - | - | $6,000 |
| Advertising | - | $4,445 | - | $4,445 |
| Insurance | $1,843 | - | - | $1,843 |
| Travel | - | $1,286 | - | $1,286 |
| Fees for Services Legal | - | $395 | - | $395 |
| Total Functional Expenses | $602,708 | $286,457 | $0 | $889,165 |
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $906,834 |
| Expenses per Audited Statements | $889,165 |
| Total Expenses per Form 990 | $889,165 |
| Expenses Not Reported on Form 990 | $17,669 |
| Expenses Not Reported on Financial Statements | $0 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Security Deposits | $25,375 |
| Misc. Current Liabilities | $4,896 |
“Logansport interfaith housing corp is managed by bradley residential management company, a professional property management company. Bradley residential management company has a project owner's and management agent's certification for multifamily housing projects with the us department of housing and urban development. Under this certification, hud has approved bradley residential management company to manage the logansport interfaith corp apartment community. The management contract encompasses the day to day operations of the project including, but not limited to, collection of rents, maintenance of facilities, supervision of staff, and ongoing support for both the owners and tenants as needed in order to establish a safe, sanitary and affordable environment.”
“The auditing firm sends a draft of the return to the management company. The management company presents the 990 at the board meeting for their review. Once the board has an opportunity to ask questions, the board approves the form 990 and the president gives approval to file the return.”
“Review the policy on an annual basis with the board of directors to make sure that everyone is in compliance.”
“The organization does not compensate officers or directors (see page 7, part vii). If the organization revises its position on compensation of officers and directors, an additional policy will be drafted at that time.”
“Existing policies, returns and financial statements are maintained at the offices of the management company. These documents are made available to the public upon written request.”
“Oversight of auditing function: the management company receives a copy of the audit. Prior to the finalization of the audit, a copy of the audit is given to all of the board members for their comments. When the audit is up for bid, the board discusses the relationship with the current auditors and makes a determination as to whether to maintain this relationship or change to a new auditing firm.”
“The corporation is exempt from federal income tax under section 501(c)(4) of the internal revenue code and state income tax and has been classified as an other than private foundation. Accordingly, no provision for federal and state taxes on revenue and income has been recognized in the accompanying financial statements. Generally, the federal and state tax returns were subject to examinations from the three years after the later of the original or extended due date or the date filed with the applicable tax authority.”
“Book/tax depreciation expense difference 17,669.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 9834 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 20450 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | LOGANSPORT INTERFAITH HOUSING CORPORATION IS AN INDIANA NOT-FOR-PROFIT AND WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 102 UNIT APARTMENT COMPLEX IN LOGANSPORT, INDIANA KNOWN AS PINCREST MANOR. IT WAS ORGANIZED PURSUANT TO SECTION 236 OF THE NATIONAL HOUSING ACT AS AMENDED. THE ORGANIZATION HAS EXECUTED THE STANDARD REGULATORY AGREEMENTS WITH HUD THAT GOVERN THE OPERATIONS OF THE COMMUNITY WITH THE FEDERAL HOUSING ADMINISTRATION (FHA). IN ADDITION, THE CORPORATION HAS ALSO ENTERED INTO A HOUSING ASSISTANCE PAYMENT CONTRACT (HAP) WITH HUD. THE HAP CONTRACT IS A RENT ASSISTANCE PROGRAM FOR LOW INCOME FAMILIES OR PERSONS AS PROVIDED BY SECTION 8 OF THE NATIONAL HOUSING ACT. |
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| IRS990/AdvertisingGrp/TotalAmt | 0 | 4445 |
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| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 219415 |
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| IRS990/CYOtherRevenueAmt | 0 | 16710 |
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| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
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| IRS990/CYTotalRevenueAmt | 0 | 1031533 |
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| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 8142 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 1 |
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| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 98988 |
| IRS990/Desc | 0 | LOGANSPORT INTERFAITH HOUSING CORPORATION IS AN INDIANA NOT-FOR-PROFIT AND WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 102 UNIT APARTMENT COMPLEX IN LOGANSPORT, INDIANA KNOWN AS PINCREST MANOR. IT WAS ORGANIZED PURSUANT TO SECTION 236 OF THE NATIONAL HOUSING ACT AS AMENDED. THE ORGANIZATION HAS EXECUTED THE STANDARD REGULATORY AGREEMENTS WITH HUD THAT GOVERN THE OPERATIONS OF THE COMMUNITY WITH THE FEDERAL HOUSING ADMINISTRATION (FHA). IN ADDITION, THE CORPORATION HAS ALSO ENTERED INTO A HOUSING ASSISTANCE PAYMENT CONTRACT (HAP) WITH HUD. THE HAP CONTRACT IS A RENT ASSISTANCE PROGRAM FOR LOW INCOME FAMILIES OR PERSONS AS PROVIDED BY SECTION 8 OF THE NATIONAL HOUSING ACT. |
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| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 0 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 602708 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
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| IRS990/FederalGrantAuditRequiredInd | 0 | 1 |
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| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 33204 |
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| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 395 |
| IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt | 0 | 84532 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 84532 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 0.50 |
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| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 0.50 |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | JOHN DAVIS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | BECKY GROFF |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
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| IRS990/MissionDesc | 0 | LOGANSPORT INTERFAITH HOUSING CORPORATION IS AN INDIANA NOT-FOR-PROFIT AND WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 102 UNIT APARTMENT COMPLEX IN LOGANSPORT, INDIANA KNOWN AS PINCREST MANOR. IT WAS ORGANIZED PURSUANT TO SECTION 236 OF THE NATIONAL HOUSING ACT AS AMENDED. THE ORGANIZATION HAS EXECUTED THE STANDARD REGULATORY AGREEMENTS WITH HUD THAT GOVERN THE OPERATIONS OF THE COMMUNITY WITH THE FEDERAL HOUSING ADMINISTRATION (FHA). IN ADDITION, THE CORPORATION HAS ALSO ENTERED INTO A HOUSING ASSISTANCE PAYMENT CONTRACT (HAP) WITH HUD. THE HAP CONTRACT IS A RENT ASSISTANCE PROGRAM FOR LOW INCOME FAMILIES OR PERSONS AS PROVIDED BY SECTION 8 OF THE NATIONAL HOUSING ACT. |
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| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 6022 |
| IRS990/PrincipalOfficerNm | 0 | HOWARD LHAMON |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
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| IRS990/ProgramServiceRevenueGrp/Desc | 0 | RENTAL INCOME |
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| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 3750 |
| IRS990/PYInvestmentIncomeAmt | 0 | -20469 |
| IRS990/PYOtherExpensesAmt | 0 | 843248 |
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| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 0 | RESERVE REPLACEMENT FUND |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 1 | ESCROW DEPOSITS |
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| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | MISC. CURRENT LIABILITIES |
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| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | BOOK/TAX DEPRECIATION EXPENSE DIFFERENCE 17,669. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | PART XII, LINE 2D - OTHER ADJUSTMENTS: |
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| IRS990ScheduleD/TotalBookValueProgramRltdAmt | 0 | 567240 |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | LOGANSPORT INTERFAITH HOUSING CORP IS MANAGED BY BRADLEY RESIDENTIAL MANAGEMENT COMPANY, A PROFESSIONAL PROPERTY MANAGEMENT COMPANY. BRADLEY RESIDENTIAL MANAGEMENT COMPANY HAS A PROJECT OWNER'S AND MANAGEMENT AGENT'S CERTIFICATION FOR MULTIFAMILY HOUSING PROJECTS WITH THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. UNDER THIS CERTIFICATION, HUD HAS APPROVED BRADLEY RESIDENTIAL MANAGEMENT COMPANY TO MANAGE THE LOGANSPORT INTERFAITH CORP APARTMENT COMMUNITY. THE MANAGEMENT CONTRACT ENCOMPASSES THE DAY TO DAY OPERATIONS OF THE PROJECT INCLUDING, BUT NOT LIMITED TO, COLLECTION OF RENTS, MAINTENANCE OF FACILITIES, SUPERVISION OF STAFF, AND ONGOING SUPPORT FOR BOTH THE OWNERS AND TENANTS AS NEEDED IN ORDER TO ESTABLISH A SAFE, SANITARY AND AFFORDABLE ENVIRONMENT. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE AUDITING FIRM SENDS A DRAFT OF THE RETURN TO THE MANAGEMENT COMPANY. THE MANAGEMENT COMPANY PRESENTS THE 990 AT THE BOARD MEETING FOR THEIR REVIEW. ONCE THE BOARD HAS AN OPPORTUNITY TO ASK QUESTIONS, THE BOARD APPROVES THE FORM 990 AND THE PRESIDENT GIVES APPROVAL TO FILE THE RETURN. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | REVIEW THE POLICY ON AN ANNUAL BASIS WITH THE BOARD OF DIRECTORS TO MAKE SURE THAT EVERYONE IS IN COMPLIANCE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE ORGANIZATION DOES NOT COMPENSATE OFFICERS OR DIRECTORS (SEE PAGE 7, PART VII). IF THE ORGANIZATION REVISES ITS POSITION ON COMPENSATION OF OFFICERS AND DIRECTORS, AN ADDITIONAL POLICY WILL BE DRAFTED AT THAT TIME. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | EXISTING POLICIES, RETURNS AND FINANCIAL STATEMENTS ARE MAINTAINED AT THE OFFICES OF THE MANAGEMENT COMPANY. THESE DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | OVERSIGHT OF AUDITING FUNCTION: THE MANAGEMENT COMPANY RECEIVES A COPY OF THE AUDIT. PRIOR TO THE FINALIZATION OF THE AUDIT, A COPY OF THE AUDIT IS GIVEN TO ALL OF THE BOARD MEMBERS FOR THEIR COMMENTS. WHEN THE AUDIT IS UP FOR BID, THE BOARD DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITORS AND MAKES A DETERMINATION AS TO WHETHER TO MAINTAIN THIS RELATIONSHIP OR CHANGE TO A NEW AUDITING FIRM. |
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| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART XI, LINE 2C: |
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| IRS990/TotalLiabilitiesEOYAmt | 0 | 90692 |
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| IRS990/UponRequestInd | 0 | X |
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| IRS990/USAddress/CityNm | 0 | LOGANSPORT |
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| IRS990/USAddress/ZIPCd | 0 | 46947 |
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| IRS990/VotingMembersIndependentCnt | 0 | 6 |
| IRS990/WebsiteAddressTxt | 0 | N/A |
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| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
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| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | AUTHORIZED AGENT |
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| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2026-01-17 |
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| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | DBA PINECREST MANOR |
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| ReturnHeader/Filer/PhoneNum | 0 | 2197535724 |
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| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | IN |
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| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | DAUBY O'CONNOR & ZALESKI LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 501 CONGRESSIONAL BLVD 300 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | CARMEL |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | IN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 46032 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 3178485700 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | EKATERINA GWYN |
| ReturnHeader/ReturnTs | 0 | 2026-01-19T14:38:00-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2025-06-30 |
| ReturnHeader/TaxYr | 0 | 2024 |
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