Civic Intelligence

Lanesboro Housing Development Inc C/O Life Style Inc

990 • Fiscal year 2013 • EIN 41-1319973

Jan 01, 2013 to Dec 31, 2013 • Filed on Apr 28, 2014

Organization ProfileN/A
503 Parkway Ave SOwatonna, MN 55949

(507) 467-2222

Siviq Scores

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

Liabilities / Assets

71st percentile

0.22x

Higher debt load relative to assets than 71% of similar nonprofits.

2013 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2013

Liabilities / Revenue

83rd percentile

1.08x

Higher debt load relative to revenue than 83% of similar nonprofits.

2013 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2013

Net Margin

17th percentile

-13%

Higher net margin than 17% of similar nonprofits.

2013 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2013

Top Officer Pay

66th percentile

$0

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2013 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2013

Asset Growth

26th percentile

-3.8%

Faster asset growth than 26% of similar nonprofits.

2013 filings • 501(c)4 • $500k-$1M 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

Balance Sheet
Liabilities / Assets71st percentile

Assets

Down

$871,777

Down $34,317 (-3.8%) from 2012

Net Assets

Down

$677,525

Down $22,897 (-3.3%) from 2012

Liabilities

Down

$194,252

Down $11,420 (-5.6%) from 2012

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin17th percentile

Revenue

$179,566

No earlier filing loaded for comparison.

Expenses

Up

$202,463

Up $6,434 (+3.3%) from 2012

Net Income

-$22,897

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth26th percentile

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

$1.0M$500K$0Assets 2010: $988,593Liabilities 2010: $226,916Net Assets 2010: $761,6772010Assets 2011: $945,732Liabilities 2011: $215,195Net Assets 2011: $730,5372011Assets 2012: $906,094Liabilities 2012: $205,672Net Assets 2012: $700,4222012Assets 2013: $871,777Liabilities 2013: $194,252Net Assets 2013: $677,5252013Assets 2014: $839,838Liabilities 2014: $184,069Net Assets 2014: $655,7692014Assets 2015: $800,801Liabilities 2015: $173,316Net Assets 2015: $627,4852015Assets 2016: $754,147Liabilities 2016: $162,948Net Assets 2016: $591,1992016Assets 2017: $715,788Liabilities 2017: $156,038Net Assets 2017: $559,7502017Assets 2018: $671,480Liabilities 2018: $148,195Net Assets 2018: $523,2852018Assets 2019: $612,283Liabilities 2019: $140,235Net Assets 2019: $472,0482019Assets 2020: $615,979Liabilities 2020: $129,786Net Assets 2020: $486,1932020Assets 2021: $632,198Liabilities 2021: $121,652Net Assets 2021: $510,5462021Assets 2022: $637,437Liabilities 2022: $112,426Net Assets 2022: $525,0112022Assets 2023: $584,767Liabilities 2023: $104,443Net Assets 2023: $480,3242023Assets 2024: $640,687Liabilities 2024: $95,076Net Assets 2024: $545,6112024Assets 2025: $716,263Liabilities 2025: $86,428Net Assets 2025: $629,8352025

Highlighted filing

2013

Assets$871,777
Liabilities$194,252
Net Assets$677,525
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$400K$200K$0-$200KExpenses 2010: $173,2782010Expenses 2011: $204,1792011Expenses 2012: $196,0292012Revenue 2013: $179,566Expenses 2013: $202,463Net Income 2013: -$22,8972013Revenue 2014: $187,409Expenses 2014: $209,165Net Income 2014: -$21,7562014Revenue 2015: $193,905Expenses 2015: $222,189Net Income 2015: -$28,2842015Revenue 2016: $203,604Expenses 2016: $239,890Net Income 2016: -$36,2862016Revenue 2017: $203,513Expenses 2017: $234,962Net Income 2017: -$31,4492017Revenue 2018: $215,512Expenses 2018: $251,977Net Income 2018: -$36,4652018Revenue 2019: $244,556Expenses 2019: $295,773Net Income 2019: -$51,2172019Revenue 2020: $261,488Expenses 2020: $247,002Net Income 2020: $14,4862020Revenue 2021: $260,776Expenses 2021: $236,423Net Income 2021: $24,3532021Revenue 2022: $261,253Expenses 2022: $246,788Net Income 2022: $14,4652022Revenue 2023: $297,945Expenses 2023: $342,632Net Income 2023: -$44,6872023Revenue 2024: $353,271Expenses 2024: $287,984Net Income 2024: $65,2872024Revenue 2025: $383,559Expenses 2025: $299,335Net Income 2025: $84,2242025

Highlighted filing

2013

Revenue$179,566
Expenses$202,463
Net Income-$22,897
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Apr 28, 2014
Return Version
2013v3.1
Gross Receipts
$179,566
Mission and Program Overview

Mission

Elderly Housing Rental

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$683,207$659,024▼ $24,183
Rtn Earn Endowment Incm Other Fnds$677,672$654,775▼ $22,897
Savings and Temporary Cash Investments$216,156$201,260▼ $14,896
Cap Stk Tr Prin Current Funds$22,750$22,750→ $0
Cash and Non-Interest-Bearing Accounts$6,711$11,473▲ $4,762
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$906,094$871,777▼ $34,317
Other Assets Total$20$20→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$192,989$182,029▼ $10,960
Other Liabilities$12,683$12,223▼ $460
Total Liabilities$205,672$194,252▼ $11,420
Net Assets / Fund Balance
Total Net Assets Fund Balance$700,422$677,525▼ $22,897
Total Liabilities and Net Assets / Fund Balance$906,094$871,777▼ $34,317

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$473,523$762,272$1,235,795
Other Land Buildings$165,082$92,699$257,781
Land$20,000-$20,000
Leasehold Improvements$419$180$599
Compensation and Service Providers
Top Officer Pay66th percentile

Board Members and Trustees

NameTitle
Dale KragePresident
Dorothy EvensonVice President
DORIS O'DELLDirector
Harriet LawstonDirector
Jeanette BergDirector
Mary RuenDirector
Jacque CrutcherSecretary
Gretchen L SchwichtenbergSite Manager
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$178,277
Investment Income
$1,289
Other Revenue
$0
Change in Net Assets
$-22,897
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$188,594
Salaries, Compensation, and Employee Benefits$13,869
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$86,887--$86,887
Depreciation Depletion$47,412--$47,412
Insurance$24,370--$24,370
Fees for Services Management-$17,680-$17,680
Other Salaries and Wages$12,975--$12,975
Office Expenses$6,637--$6,637
Interest$1,901--$1,901
Fees for Services Accounting$1,500--$1,500
Payroll Taxes$894--$894
Advertising$889--$889
Other Expenses-$566-$566
Total Functional Expenses$183,465$18,998$0$202,463
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits-kw$6,558
Security Deposits-s$5,665
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings

“Meeting minutes taken for each meeting under roberts rules of order.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“No review was or will be conducted.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Conflict of interest issues are documented and approved by usda, rural houseing authority as needed.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Governing documents are available to the general public by making a verbal or written request to the governing officers.”

Filing and Contact Details

Filer

EIN
41-1319973
Phone
5074672222

Signing Officer

Name
Dale Krage
Title
President
Signed
2014-04-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dale Krage
Formed
1975
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
7
Employees
2

Preparer

Preparer
Roy O Hazel Jr EA
Phone
5072592246
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt157959
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt265897
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt315927
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt435631
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01680
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0183278
IRS990/PYProgramServiceRevenueAmt0164234
IRS990/PYRevenuesLessExpensesAmt0-30115
IRS990/PYSalariesCompEmpBnftPaidAmt012751
IRS990/PYTotalExpensesAmt0196029
IRS990/PYTotalRevenueAmt0165914
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-22897
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0677672
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0654775
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0216156
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0201260
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0473523
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0762272
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01235795
IRS990ScheduleD/LandGrp/BookValueAmt020000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt020000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0419
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0180
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0599
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0165082
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt092699
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0257781
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06558
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15665
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS-KW
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY DEPOSITS-S
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0659024
IRS990ScheduleD/TotalLiabilityAmt012223
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEETING MINUTES TAKEN FOR EACH MEETING UNDER ROBERTS RULES OF ORDER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICT OF INTEREST ISSUES ARE DOCUMENTED AND APPROVED BY USDA, RURAL HOUSEING AUTHORITY AS NEEDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE AVAILABLE TO THE GENERAL PUBLIC BY MAKING A VERBAL OR WRITTEN REQUEST TO THE GOVERNING OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0906094
IRS990/TotalAssetsEOYAmt0871777
IRS990/TotalAssetsGrp/BOYAmt0906094
IRS990/TotalAssetsGrp/EOYAmt0871777
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt018998
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0183465
IRS990/TotalFunctionalExpensesGrp/TotalAmt0202463
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0205672
IRS990/TotalLiabilitiesEOYAmt0194252
IRS990/TotalLiabilitiesGrp/BOYAmt0205672
IRS990/TotalLiabilitiesGrp/EOYAmt0194252
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0700422
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0677525
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt01564
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt01564
IRS990/TotalProgramServiceExpensesAmt0183465
IRS990/TotalProgramServiceRevenueAmt0178277
IRS990/TotalRevenueGrp/ExclusionAmt01289
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0178277
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0179566
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0906094
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0871777
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10706 CALHOUN AVE S
IRS990/USAddress/City0LANESBORO
IRS990/USAddress/State0MN
IRS990/USAddress/ZIPCode055949
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DALE KRAGE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-04-28
ReturnHeader/Filer/BusinessName/BusinessNameLine10LANESBORO HOUSING DEVELOPMENT INC
ReturnHeader/Filer/BusinessNameControlTxt0LANE
ReturnHeader/Filer/EIN0411319973
ReturnHeader/Filer/PhoneNum05074672222
ReturnHeader/Filer/USAddress/AddressLine10503 PARKWAY AVE S
ReturnHeader/Filer/USAddress/City0LANESBORO
ReturnHeader/Filer/USAddress/State0MN
ReturnHeader/Filer/USAddress/ZIPCode055949
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10Bottomline Accounting
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10118 Pearson Ct
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0St Charles
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode055972
ReturnHeader/PreparerPersonGrp/PhoneNum05072592246
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Roy O Hazel Jr EA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02014-04-28T08:09:01-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$871,777
Liabilities
$194,252
Net assets
$677,525
Revenue
$179,566
Expenses
$202,463
Net income
-$22,897
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$7.16$0.86$6.30$3.84$2.99$0.84
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.41$0.95$5.46$3.53$2.88$0.65
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.85$1.04$4.80$2.98$3.43$0.45
2022Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$6.37$1.12$5.25$2.61$2.47$0.14
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.32$1.22$5.11$2.61$2.36$0.24
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.16$1.30$4.86$2.61$2.47$0.14
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.12$1.40$4.72$2.45$2.96$0.51
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.71$1.48$5.23$2.16$2.52$0.36
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.16$1.56$5.60$2.04$2.35$0.31
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.54$1.63$5.91$2.04$2.40$0.36
2015Detailed filing. Detailed filing data is available for this year.$8.01$1.73$6.27$1.94$2.22$0.28
2014Detailed filing. Detailed filing data is available for this year.$8.40$1.84$6.56$1.87$2.09$0.22
2013Detailed filing. Detailed filing data is available for this year.$8.72$1.94$6.78$1.80$2.02$0.23
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.06$2.06$7.00$1.96
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.46$2.15$7.31$2.04
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.89$2.27$7.62$1.73
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2013 filings • 501(c)4 • $500k-$1M nonprofits