Civic Intelligence

Lancaster Homes Inc

990EZ • Fiscal year 2021 • EIN 41-1280688

Jan 01, 2021 to Dec 31, 2021 • Filed on May 15, 2022

Organization Profile
410 Minnesota AvenueLancaster, MN 56735

(218) 762-6681

Siviq Scores

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

Liabilities / Assets

88th percentile

0.33x

Higher debt load relative to assets than 88% of similar nonprofits.

2021 filings • 501(c)4 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

96th percentile

1.59x

Higher debt load relative to revenue than 96% of similar nonprofits.

2021 filings • 501(c)4 • <$500k nonprofits • Source year 2021

Net Margin

24th percentile

-12%

Higher net margin than 24% of similar nonprofits.

2021 filings • 501(c)4 • <$500k nonprofits • Source year 2021

Top Officer Pay

87th percentile

$420

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2021 filings • 501(c)4 • <$500k nonprofits • Source year 2021

Asset Growth

30th percentile

-5.7%

Faster asset growth than 30% of similar nonprofits.

2021 filings • 501(c)4 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

38th percentile

-13%

Faster revenue growth than 38% of similar nonprofits.

2021 filings • 501(c)4 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets88th percentile

Assets

Down

$407,156

Down $24,792 (-5.7%) from 2020

Net Assets

$274,606

No earlier filing loaded for comparison.

Liabilities

Down

$132,550

Down $14,681 (-10.0%) from 2020

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin24th percentile

Revenue

Down

$83,289

Down $12,589 (-13%) from 2020

Expenses

Up

$93,400

Up $3,802 (+4.2%) from 2020

Net Income

Down

-$10,111

Down $16,391 (-261%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth30th percentile

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

$600K$400K$200K$0Assets 2011: $389,519Liabilities 2011: $270,7082011Assets 2012: $363,593Liabilities 2012: $253,1742012Assets 2013: $325,421Liabilities 2013: $236,7052013Assets 2014: $308,473Liabilities 2014: $219,5332014Assets 2015: $348,393Liabilities 2015: $198,5862015Assets 2016: $339,387Liabilities 2016: $181,7002016Assets 2017: $351,989Liabilities 2017: $190,2542017Assets 2018: $349,696Liabilities 2018: $175,2722018Assets 2019: $440,576Liabilities 2019: $162,1392019Assets 2020: $431,948Liabilities 2020: $147,2312020Assets 2021: $407,156Liabilities 2021: $132,550Net Assets 2021: $274,6062021Assets 2022: $384,217Liabilities 2022: $118,480Net Assets 2022: $265,7372022Assets 2023: $349,875Liabilities 2023: $101,906Net Assets 2023: $247,9692023Assets 2024: $338,040Liabilities 2024: $86,946Net Assets 2024: $251,0942024

Highlighted filing

2021

Assets$407,156
Liabilities$132,550
Net Assets$274,606
Open 2021 Filing

Operations Trend

Revenue Growth38th percentile

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

$200K$100K$0-$100KRevenue 2011: $98,251Expenses 2011: $97,734Net Income 2011: $5172011Revenue 2012: $90,499Expenses 2012: $98,891Net Income 2012: -$8,3922012Revenue 2013: $75,361Expenses 2013: $97,064Net Income 2013: -$21,7032013Revenue 2014: $96,177Expenses 2014: $95,953Net Income 2014: $2242014Revenue 2015: $159,777Expenses 2015: $98,910Net Income 2015: $60,8672015Revenue 2016: $108,884Expenses 2016: $101,004Net Income 2016: $7,8802016Revenue 2017: $101,205Expenses 2017: $97,157Net Income 2017: $4,0482017Revenue 2018: $103,343Expenses 2018: $90,654Net Income 2018: $12,6892018Revenue 2019: $191,601Expenses 2019: $87,588Net Income 2019: $104,0132019Revenue 2020: $95,878Expenses 2020: $89,598Net Income 2020: $6,2802020Revenue 2021: $83,289Expenses 2021: $93,400Net Income 2021: -$10,1112021Revenue 2022: $87,197Expenses 2022: $96,066Net Income 2022: -$8,8692022Revenue 2023: $92,834Expenses 2023: $110,602Net Income 2023: -$17,7682023Revenue 2024: $107,673Expenses 2024: $104,548Net Income 2024: $3,1252024

Highlighted filing

2021

Revenue$83,289
Expenses$93,400
Net Income-$10,111
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 15, 2022
Return Version
2021v4.0
Gross Receipts
$83,289
Mission and Program Overview

Mission

We provide rental apartments to low income elderly

Program Services

DescriptionGrantsExpenses
We provide low income housing for the elderly. There are 20 apartment units in our project. Rents are subsidized by HUD.$0$93,400
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dianne RicePresident-$0$420$420
Gregory PetersonVice President-$0$420$420
Kenneth PetersonSecretary-$0$420$420
Bob LaudeTreasurer-$0$420$420
Peggy WilebskiAsst Secretary-$0$420$420
Betty WileskiAsst Treasurer-$0$420$420
Filing and Contact Details

Filer

Filer Name
Lancaster Homes Inc
EIN
41-1280688
Phone
2187626681
Address
410 Minnesota Avenue, Lancaster, MN 56735

Signing Officer

Name
Bob Laude
Title
Treasurer
Phone
2187626681
Signed
2022-05-15
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part II, Line 24

“No other assets”

Form 990-EZ, Part II, Line 26

“USDA Loan on Apt Bldg 113,109 Improvement Loan 11,840 Tenant Security Deposits 7,601”

Raw XML Appendix140 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BenefitsPaidToOrForMembersAmt00
IRS990EZ/BooksInCareOfDetail/PersonNm0Bob Laude
IRS990EZ/BooksInCareOfDetail/PhoneNum02187626681
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0322 River Road
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Lancaster
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd056735
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt078674
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt064987
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt00
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt0-10111
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt08912
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form1120PolFiledInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0431948
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0407156
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GamingGrossIncomeAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt083289
IRS990EZ/GrossSalesOfInventoryAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InvestmentIncomeAmt0169
IRS990EZ/LandAndBuildingsGrp/BOYAmt0353274
IRS990EZ/LandAndBuildingsGrp/EOYAmt0342169
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0284717
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0274606
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0284717
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0274606
IRS990EZ/OccupancyRentUtltsAndMaintAmt073349
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt41
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt51
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt0420
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt1420
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt2420
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt3420
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt4420
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt5420
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Dianne Rice
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Gregory Peterson
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Kenneth Peterson
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Bob Laude
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Peggy Wilebski
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Betty Wileski
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Asst Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Asst Treasurer
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt00
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0We provide rental apartments to low income elderly
IRS990EZ/PrintingPublicationsPostageAmt0112
IRS990EZ/ProgramServiceRevenueAmt083120
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0We provide low income housing for the elderly. There are 20 apartment units in our project. Rents are subsidized by HUD.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt093400
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt011027
IRS990EZ/SaleOfAssetsGrossAmt00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MN
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0147231
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0132550
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt093400
IRS990EZ/TotalProgramServiceExpensesAmt093400
IRS990EZ/TotalRevenueAmt083289
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No other assets
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1USDA Loan on Apt Bldg 113,109 Improvement Loan 11,840 Tenant Security Deposits 7,601
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part II, Line 26
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Bob Laude
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum02187626681
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LANCASTER HOMES INC
ReturnHeader/Filer/BusinessNameControlTxt0LANC
ReturnHeader/Filer/EIN0411280688
ReturnHeader/Filer/PhoneNum02187626681
ReturnHeader/Filer/USAddress/AddressLine1Txt0410 Minnesota Avenue
ReturnHeader/Filer/USAddress/CityNm0Lancaster
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd056735
ReturnHeader/ReturnTs02022-05-15T18:45:14-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$407,156
Liabilities
$132,550
Net assets
$274,606
Revenue
$83,289
Expenses
$93,400
Net income
-$10,111
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.38$0.87$2.51$1.08$1.05$0.03
2023Detailed filing. Detailed filing data is available for this year.$3.50$1.02$2.48$0.93$1.11$0.18
2022Detailed filing. Detailed filing data is available for this year.$3.84$1.18$2.66$0.87$0.96$0.09
2021Detailed filing. Detailed filing data is available for this year.$4.07$1.33$2.75$0.83$0.93$0.10
2020Summary only. Only limited summary data is available for this year.$4.32$1.47$0.96$0.90$0.06
2019Summary only. Only limited summary data is available for this year.$4.41$1.62$1.92$0.88$1.04
2018Summary only. Only limited summary data is available for this year.$3.50$1.75$1.03$0.91$0.13
2017Summary only. Only limited summary data is available for this year.$3.52$1.90$1.01$0.97$0.04
2016Summary only. Only limited summary data is available for this year.$3.39$1.82$1.09$1.01$0.08
2015Summary only. Only limited summary data is available for this year.$3.48$1.99$1.60$0.99$0.61
2014Summary only. Only limited summary data is available for this year.$3.08$2.20$0.96$0.96$0.00
2013Summary only. Only limited summary data is available for this year.$3.25$2.37$0.75$0.97$0.22
2012Summary only. Only limited summary data is available for this year.$3.64$2.53$0.90$0.99$0.08
2011Summary only. Only limited summary data is available for this year.$3.90$2.71$0.98$0.98$0.01