Civic Intelligence

Lakes Home and Program Development Inc.

990 • Fiscal year 2021 • EIN 41-1341496

Jul 01, 2020 to Jun 30, 2021 • Filed on May 13, 2021

Organization ProfileWWW.LAKESHOMES.NET

View Organization Page

847 US Highway 10 EastDetroit Lakes, MN 56501

(218) 847-5642

Siviq Scores

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

Liabilities / Assets

76th percentile

0.43x

Higher debt load relative to assets than 76% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

72nd percentile

0.45x

Higher debt load relative to revenue than 72% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

49th percentile

12%

Higher net margin than 49% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

55th percentile

12%

Faster asset growth than 55% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

51st percentile

12%

Faster revenue growth than 51% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets76th percentile

Assets

Up

$7,132,336

Up $749,309 (+12%) from 2020

Net Assets

Up

$4,071,596

Up $942,608 (+30%) from 2020

Liabilities

Down

$3,060,740

Down $193,299 (-5.9%) from 2020

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin49th percentile

Revenue

Up

$6,796,510

Up $742,628 (+12%) from 2020

Expenses

Up

$5,970,432

Up $216,291 (+3.8%) from 2020

Net Income

Up

$826,078

Up $526,337 (+176%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth55th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $5,066,728Liabilities 2011: $2,852,266Net Assets 2011: $2,214,4622011Assets 2012: $5,049,620Liabilities 2012: $2,745,615Net Assets 2012: $2,304,0052012Assets 2013: $5,099,168Liabilities 2013: $2,666,797Net Assets 2013: $2,432,3712013Assets 2014: $5,167,101Liabilities 2014: $2,554,042Net Assets 2014: $2,613,0592014Assets 2015: $5,508,735Liabilities 2015: $2,565,530Net Assets 2015: $2,943,2052015Assets 2016: $5,498,418Liabilities 2016: $2,405,376Net Assets 2016: $3,093,0422016Assets 2017: $6,410,205Liabilities 2017: $3,394,293Net Assets 2017: $3,015,9122017Assets 2018: $5,922,917Liabilities 2018: $3,326,520Net Assets 2018: $2,596,3972018Assets 2019: $5,975,399Liabilities 2019: $3,146,152Net Assets 2019: $2,829,2472019Assets 2020: $6,383,027Liabilities 2020: $3,254,039Net Assets 2020: $3,128,9882020Assets 2021: $7,132,336Liabilities 2021: $3,060,740Net Assets 2021: $4,071,5962021Assets 2022: $7,850,872Liabilities 2022: $2,976,316Net Assets 2022: $4,874,5562022

Highlighted filing

2021

Assets$7,132,336
Liabilities$3,060,740
Net Assets$4,071,596
Open 2021 Filing

Operations Trend

Revenue Growth51st percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $4,655,902Expenses 2011: $4,500,430Net Income 2011: $155,4722011Revenue 2012: $4,598,117Expenses 2012: $4,487,117Net Income 2012: $111,0002012Revenue 2013: $4,731,629Expenses 2013: $4,659,329Net Income 2013: $72,3002013Revenue 2014: $4,778,346Expenses 2014: $4,662,769Net Income 2014: $115,5772014Revenue 2015: $5,430,558Expenses 2015: $5,104,459Net Income 2015: $326,0992015Revenue 2016: $5,458,075Expenses 2016: $5,257,369Net Income 2016: $200,7062016Revenue 2017: $5,450,819Expenses 2017: $5,527,949Net Income 2017: -$77,1302017Revenue 2018: $5,367,449Expenses 2018: $5,624,590Net Income 2018: -$257,1412018Revenue 2019: $5,877,851Expenses 2019: $5,645,001Net Income 2019: $232,8502019Revenue 2020: $6,053,882Expenses 2020: $5,754,141Net Income 2020: $299,7412020Revenue 2021: $6,796,510Expenses 2021: $5,970,432Net Income 2021: $826,0782021Revenue 2022: $7,138,612Expenses 2022: $6,353,641Net Income 2022: $784,9712022

Highlighted filing

2021

Revenue$6,796,510
Expenses$5,970,432
Net Income$826,078
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 13, 2021
Return Version
2020v4.0
Gross Receipts
$6,796,510
Mission and Program Overview

Mission

To provide residential living facilities and services for the handicapped and mentally challenged.

To provide residential and supportive living services for individuals with developmental disabilities

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,572,626$3,447,539▼ $125,087
Savings and Temporary Cash Investments$1,140,399$1,299,340▲ $158,941
Cash and Non-Interest-Bearing Accounts$592,743$1,183,250▲ $590,507
Accounts Receivable$631,764$583,043▼ $48,721
Investments in Publicly Traded Securities$204,977$321,507▲ $116,530
Prepaid Expenses and Deferred Charges$149,418$155,305▲ $5,887
Total Assets$6,383,027$7,132,336▲ $749,309
Other Assets Total$91,100$142,352▲ $51,252
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,425,645$2,282,088▼ $143,557
Accounts Payable and Accrued Expenses$737,294$636,300▼ $100,994
Other Liabilities$91,100$142,352▲ $51,252
Total Liabilities$3,254,039$3,060,740▼ $193,299
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,128,988$4,071,596▲ $942,608
Total Net Assets Fund Balance$3,128,988$4,071,596▲ $942,608
Total Liabilities and Net Assets / Fund Balance$6,383,027$7,132,336▲ $749,309

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,842,752$2,061,233$4,903,985
Equipment$81,537$1,153,115$1,234,652
Land$523,250-$523,250
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
Roger JosephsonPresident
Joann SchottDirector
Keith GilbertsonDirector
Lori BachmannDirector
Sue BergDirector
Tom HolwegerDirector
Frank SkolteSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$4,912
Program Service Revenue
$6,780,150
Investment Income
$11,448
Other Revenue
$0
All Other Contributions
$4,912
Change in Net Assets
$826,078

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,796,510
Revenue Not Reported on Form 990
$116,530
Total Revenue per Audited Statements
$6,913,040
Total Revenue per Form 990
$6,796,510
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,011,398
Other Expenses$959,034
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,010,305$167,879-$4,178,184
Other Employee Benefits$492,192$20,146-$512,338
Other Expenses$343,009$7,138-$350,147
Payroll Taxes$308,016$12,860-$320,876
Occupancy$176,971$13,484-$190,455
Depreciation Depletion$159,103$15,002-$174,105
Interest$61,593$9,814-$71,407
Travel$58,229--$58,229
Insurance$36,347$13,630-$49,977
Fees for Services Accounting-$24,254-$24,254
All Other Expenses-$14,733-$14,733
Office Expenses-$13,257-$13,257
Fees for Services Other$12,470--$12,470
Total Functional Expenses$5,658,235$312,197$0$5,970,432

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,970,432
Total Expenses per Audited Statements$5,970,432
Total Expenses per Form 990$5,970,432
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
Resident Deposits$142,352
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Business relationship with 35% controlled entity
No
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Board of directors review 990 at a board meeting.”

Form 990, Page 6, Part VI, Line 15A

“Board of directors reviews and approves the executive directors compensation.”

Form 990, Page 6, Part VI, Line 19

“PROVIDED UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Lakes Homes and Program Development
EIN
41-1341496
Phone
2188475642
Address
847 US HIGHWAY 10 EAST, DETROIT LAKES, MN 56501

Signing Officer

Name
Roger Josephson
Title
President
Phone
2188475642
Signed
2021-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Roger Josephson
Formed
1977
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
7
Employees
185

Preparer

Firm
Westberg-eischens Pllp
Address
PO BOX 362, WILLMAR, MN 56201-0362
Preparer
David M Euerle CPA
Phone
3202353727
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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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IRS990ScheduleD/EquipmentGrp/DepreciationAmt01153115
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0523250
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD OF DIRECTORS REVIEWS AND APPROVES THE EXECUTIVE DIRECTORS COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PROVIDED UPON REQUEST
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalEmployeeCnt0185
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IRS990/TotalLiabilitiesEOYAmt03060740
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06780150
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07132336
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IRS990/TravelGrp/TotalAmt058229
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.LAKESHOMES.NET
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ROGER JOSEPHSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02188475642
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAKES HOMES AND PROGRAM DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INC
ReturnHeader/Filer/BusinessNameControlTxt0LAKE
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ReturnHeader/Filer/PhoneNum02188475642
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WESTBERG-EISCHENS PLLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 362
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WILLMAR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0562010362
ReturnHeader/PreparerPersonGrp/PhoneNum03202353727
ReturnHeader/PreparerPersonGrp/PreparationDt02022-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID M EUERLE CPA
ReturnHeader/ReturnTs02022-05-16T15:37:00-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ROGER
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0JOSEPHSON
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$7,132,336
Liabilities
$3,060,740
Net assets
$4,071,596
Revenue
$6,796,510
Expenses
$5,970,432
Net income
$826,078
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$7.85$2.98$4.87$7.14$6.35$0.78
2021Detailed filing. Detailed filing data is available for this year.$7.13$3.06$4.07$6.80$5.97$0.83
2020Detailed filing. Detailed filing data is available for this year.$6.38$3.25$3.13$6.05$5.75$0.30
2019Detailed filing. Detailed filing data is available for this year.$5.98$3.15$2.83$5.88$5.65$0.23
2018Detailed filing. Detailed filing data is available for this year.$5.92$3.33$2.60$5.37$5.62$0.26
2017Detailed filing. Detailed filing data is available for this year.$6.41$3.39$3.02$5.45$5.53$0.08
2016Detailed filing. Detailed filing data is available for this year.$5.50$2.41$3.09$5.46$5.26$0.20
2015Detailed filing. Detailed filing data is available for this year.$5.51$2.57$2.94$5.43$5.10$0.33
2014Detailed filing. Detailed filing data is available for this year.$5.17$2.55$2.61$4.78$4.66$0.12
2013Summary only. Only limited summary data is available for this year.$5.10$2.67$2.43$4.73$4.66$0.07
2012Summary only. Only limited summary data is available for this year.$5.05$2.75$2.30$4.60$4.49$0.11
2011Summary only. Only limited summary data is available for this year.$5.07$2.85$2.21$4.66$4.50$0.16
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)3 • $5M-$10M nonprofits