Civic Intelligence

Landsun Homes Inc

990 • Fiscal year 2017 • EIN 85-6010706

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 09, 2018

2002 WestridgeCarlsbad, NM 88220

(575) 887-2894

Siviq Scores

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

Liabilities / Assets

81st percentile

0.63x

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

71st percentile

0.47x

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

65th percentile

8.5%

Higher net margin than 65% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

65th percentile

9.1%

Faster asset growth than 65% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

51st percentile

5.0%

Faster revenue growth than 51% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$7,044,599

Up $587,616 (+9.1%) from 2016

Net Assets

Up

$2,580,701

Up $1,015,730 (+65%) from 2016

Liabilities

Down

$4,463,898

Down $428,114 (-8.8%) from 2016

Revenue

Up

$9,450,087

Up $449,214 (+5.0%) from 2016

Expenses

Down

$8,643,871

Down $1,196,374 (-12%) from 2016

Net Income

Up

$806,216

Up $1,645,588 (+196%) from 2016

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2010: $9,362,609Liabilities 2010: $7,277,437Net Assets 2010: $2,085,1722010Assets 2011: $8,792,241Liabilities 2011: $6,554,213Net Assets 2011: $2,238,0282011Assets 2012: $7,715,929Liabilities 2012: $5,989,307Net Assets 2012: $1,726,6222012Assets 2013: $7,299,719Liabilities 2013: $6,262,770Net Assets 2013: $1,036,9492013Assets 2014: $7,418,334Liabilities 2014: $4,634,046Net Assets 2014: $2,784,2882014Assets 2015: $7,370,444Liabilities 2015: $5,057,034Net Assets 2015: $2,313,4102015Assets 2016: $6,456,983Liabilities 2016: $4,892,012Net Assets 2016: $1,564,9712016Assets 2017: $7,044,599Liabilities 2017: $4,463,898Net Assets 2017: $2,580,7012017Assets 2018: $7,326,129Liabilities 2018: $5,482,080Net Assets 2018: $1,844,0492018Assets 2019: $6,098,037Liabilities 2019: $4,114,174Net Assets 2019: $1,983,8632019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2017

Assets$7,044,599
Liabilities$4,463,898
Net Assets$2,580,701

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $9,139,4132010Expenses 2011: $9,144,5592011Expenses 2012: $9,449,8792012Revenue 2013: $9,066,539Expenses 2013: $9,782,038Net Income 2013: -$715,4992013Revenue 2014: $10,681,770Expenses 2014: $8,685,184Net Income 2014: $1,996,5862014Revenue 2015: $8,994,620Expenses 2015: $9,392,433Net Income 2015: -$397,8132015Revenue 2016: $9,000,873Expenses 2016: $9,840,245Net Income 2016: -$839,3722016Revenue 2017: $9,450,087Expenses 2017: $8,643,871Net Income 2017: $806,2162017Revenue 2018: $7,092,694Expenses 2018: $7,741,200Net Income 2018: -$648,5062018Revenue 2019: $8,321,291Expenses 2019: $8,314,043Net Income 2019: $7,2482019Revenue 2020: $1,720,058Expenses 2020: $1,203,375Net Income 2020: $516,6832020

Highlighted filing

2017

Revenue$9,450,087
Expenses$8,643,871
Net Income$806,216
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 9, 2018
Return Version
2017v2.3
Gross Receipts
$9,788,978
Mission and Program Overview

Mission

Landsun homes is a continuing care retirement community offering homes and apartments, assisted living and skilled nursing to older adults. Landsun homes strives to enhance quality of life by providing independent living for those who are able, help with activities of daily living for those requiring it, and custodial and intermediate care to provide a protective life for the frail and disabled. Landsun homes is owned, maintained, and controlled by the new mexico annual conference of the united methodist church, and welcomes individuals of all denominations and faiths.

Landsun homes, inc. Is a multiple service retirement community offering residential options of homes, apartments, assisted living, long-term care and skilled nursing to older adults. Landsun homes, inc strives to enhance resident's quality of life by providing independent living for those who are able, help with activities of daily living for those requiring it, and long-term care for the frail and disabled. Landsun homes, inc. Has a covenant relationship with the new mexico annual conference of the united methodist church, and welcomes individuals of all denominations and faiths.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,025,661$3,325,223▼ $700,438
Accounts Receivable$402,063$466,674▲ $64,611
Pledges and Grants Receivable$50,000--
Cash and Non-Interest-Bearing Accounts$62,413$32,167▼ $30,246
Inventories for Sale or Use$45,661$24,705▼ $20,956
Prepaid Expenses and Deferred Charges$69,574$6,057▼ $63,517
Total Assets$6,456,983$7,044,599▲ $587,616
Other Assets Total$1,801,611$3,189,773▲ $1,388,162
Liabilities
Other Liabilities$2,374,738$2,342,230▼ $32,508
Accounts Payable and Accrued Expenses$1,200,143$1,194,082▼ $6,061
Mortgage Notes Payable Secured by Investment Property$1,317,131$927,586▼ $389,545
Total Liabilities$4,892,012$4,463,898▼ $428,114
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,582,135$1,849,464▲ $267,329
Unrestricted Net Assets$-17,164$731,237▲ $748,401
Total Net Assets Fund Balance$1,564,971$2,580,701▲ $1,015,730
Total Liabilities and Net Assets / Fund Balance$6,456,983$7,044,599▲ $587,616

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,724,597$9,245,440$11,970,037
Land$130,775-$130,775
Other Assets Org$51,621--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$1,493,558-▲ $238,455$65,141$1,666,872
2016$1,404,055$31,190▲ $107,632$49,319$1,493,558
2015$1,550,842$4,145▼ $3,147$143,637$1,404,055
2014$1,795,849$1,720▲ $46,236$292,963$1,550,842
2013$1,943,105$101,829▲ $150,456$399,541$1,795,849
Compensation and Service Providers

Board Members and Trustees

NameTitle
Neal DunganPresident
Chris JonesMember
Rev Dan BoydMember
Rev Mary SingleterrySecretary
Richard ForrestVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,760,343
Program Service Revenue
$7,138,715
Investment Income
$462,443
Other Revenue
$88,586
All Other Contributions
$1,760,343
Change in Net Assets
$806,216

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,450,087
Revenue Not Reported on Form 990
$209,514
Total Revenue per Audited Statements
$9,659,601
Total Revenue per Form 990
$9,450,087
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,686,374
Other Expenses$2,957,497
Total Fundraising Expense$78,921
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,546,890$410,299$33,555$4,990,744
Insurance$173,596$259,509$2,343$435,448
Depreciation Depletion$394,192--$394,192
Payroll Taxes$340,676$31,097$2,641$374,414
Other Employee Benefits$227,525$40,016$6,858$274,399
All Other Expenses$118,384$93,272-$211,656
Occupancy$200,073--$200,073
Other Expenses$176,267$390,372$7,153$176,267
Information Technology-$59,968-$59,968
Interest-$56,327-$56,327
Pension Plan Contributions$37,163$3,293$6,361$46,817
Fees for Services Accounting-$46,109-$46,109
Office Expenses-$40,954-$40,954
Advertising-$3,059$20,010$23,069
Travel-$1,873-$1,873
Total Functional Expenses$7,128,802$1,436,148$78,921$8,643,871

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,643,871
Total Expenses per Audited Statements$8,643,871
Total Expenses per Form 990$8,643,871
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
Unearned Resident Fees$2,116,260
Deferred Revenue - Insurance$173,861
Custodial Funds Held for Others$51,621
Capital Lease Obligation$488
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The form 990 is provided to the executive director and finance director for review before the form 990 is submitted to the internal revenue service.

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

The executive director's salary is determined by the board of directors on an annual basis.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Landsun Homes Inc
EIN
85-6010706
Phone
5758872894
Address
2002 WESTRIDGE, CARLSBAD, NM 88220

Signing Officer

Name
Marsha Drapala
Title
Executive Director
Phone
5758872894
Signed
2018-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Neal Dungan
Formed
1965
Legal Domicile
Nm
Voting Board Members
5
Independent Board Members
5
Employees
261

Preparer

Firm
David Fritschy CPA
Address
315 N CANAL ST STE B, CARLSBAD, NM 88220-5831
Preparer
David Fritschy
Phone
5752341612
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Landsun homes, inc. Is a multiple service retirement community offering residential options of homes, apartments, assisted living, long-term care and skilled nursing to older adults. Landsun homes, inc strives to enhance resident's quality of life by providing independent living for those who are able, help with activities of daily living for those requiring it, and long-term care for the frail and disabled. Landsun homes, inc. Has a covenant relationship with the new mexico annual conference of the united methodist church, and welcomes individuals of all denominations and faiths.

Form 990, Part XI, Line 9

Net change in interest in landsun foundation 104,325

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Net change in interest in landsun foundation 104,325

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IRS990ScheduleD/OtherAssetsOrgGrp/Desc1INVEST IN LANDSUN FOUNDATION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2INTEREST IN ENDOWMENT FUNDS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3LEASES ACQUIRED FOR RESALE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4RESIDENT TRUST FUNDS
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NET CHANGE IN INTEREST IN LANDSUN FOUNDATION 104,325
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LANDSUN HOMES, INC. IS A MULTIPLE SERVICE RETIREMENT COMMUNITY OFFERING RESIDENTIAL OPTIONS OF HOMES, APARTMENTS, ASSISTED LIVING, LONG-TERM CARE AND SKILLED NURSING TO OLDER ADULTS. LANDSUN HOMES, INC STRIVES TO ENHANCE RESIDENT'S QUALITY OF LIFE BY PROVIDING INDEPENDENT LIVING FOR THOSE WHO ARE ABLE, HELP WITH ACTIVITIES OF DAILY LIVING FOR THOSE REQUIRING IT, AND LONG-TERM CARE FOR THE FRAIL AND DISABLED. LANDSUN HOMES, INC. HAS A COVENANT RELATIONSHIP WITH THE NEW MEXICO ANNUAL CONFERENCE OF THE UNITED METHODIST CHURCH, AND WELCOMES INDIVIDUALS OF ALL DENOMINATIONS AND FAITHS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PROVIDED TO THE EXECUTIVE DIRECTOR AND FINANCE DIRECTOR FOR REVIEW BEFORE THE FORM 990 IS SUBMITTED TO THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTOR'S SALARY IS DETERMINED BY THE BOARD OF DIRECTORS ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NET CHANGE IN INTEREST IN LANDSUN FOUNDATION 104,325
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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