Civic Intelligence

Landsun Homes Inc

990 • Fiscal year 2018 • EIN 85-6010706

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 13, 2019

Organization ProfileWWW.LANDSUNHOMES.COM

View Organization Page

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

85th percentile

0.75x

Higher debt load relative to assets than 85% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

78th percentile

0.77x

Higher debt load relative to revenue than 78% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

19th percentile

-9.1%

Higher net margin than 19% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

59th percentile

4.0%

Faster asset growth than 59% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

11th percentile

-25%

Faster revenue growth than 11% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$7,326,129

Up $281,530 (+4.0%) from 2017

Net Assets

Down

$1,844,049

Down $736,652 (-29%) from 2017

Liabilities

Up

$5,482,080

Up $1,018,182 (+23%) from 2017

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin19th percentile

Revenue

Down

$7,092,694

Down $2,357,393 (-25%) from 2017

Expenses

Down

$7,741,200

Down $902,671 (-10%) from 2017

Net Income

Down

-$648,506

Down $1,454,722 (-180%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth59th percentile

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

2018

Assets$7,326,129
Liabilities$5,482,080
Net Assets$1,844,049
Open 2018 Filing

Operations Trend

Revenue Growth11th percentile

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

2018

Revenue$7,092,694
Expenses$7,741,200
Net Income-$648,506
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 13, 2019
Return Version
2018v3.1
Gross Receipts
$7,096,402
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$3,325,223$2,950,856▼ $374,367
Cash and Non-Interest-Bearing Accounts$32,167$1,320,103▲ $1,287,936
Prepaid Expenses and Deferred Charges$6,057$569,336▲ $563,279
Accounts Receivable$466,674$336,232▼ $130,442
Inventories for Sale or Use$24,705$24,705→ $0
Total Assets$7,044,599$7,326,129▲ $281,530
Other Assets Total$3,189,773$2,124,897▼ $1,064,876
Liabilities
Other Liabilities$2,342,230$2,388,503▲ $46,273
Accounts Payable and Accrued Expenses$1,194,082$2,247,183▲ $1,053,101
Mortgage Notes Payable Secured by Investment Property$927,586$846,394▼ $81,192
Total Liabilities$4,463,898$5,482,080▲ $1,018,182
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,849,464$1,778,766▼ $70,698
Unrestricted Net Assets$731,237$65,283▼ $665,954
Total Net Assets Fund Balance$2,580,701$1,844,049▼ $736,652
Total Liabilities and Net Assets / Fund Balance$7,044,599$7,326,129▲ $281,530

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,414,391$9,558,835$11,973,226
Land$130,775-$130,775
Other Assets Org$51,621--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$1,666,872-▼ $53,554$34,587$1,578,731
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
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

NameTitle
Neal DunganPresident
Cheryl CarrawayMember
Chris JonesMember
Deanna TaylorMember
Paul TroneMember
Scott GoodaleMember
Wanda WelchMember
Rev Dan BoydTreasurer
Richard ForrestVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$392,652
Program Service Revenue
$6,651,471
Investment Income
$-3,086
Other Revenue
$51,657
All Other Contributions
$392,652
Change in Net Assets
$-648,506

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Securities Publicly Traded1$44,610
Total Noncash Contributions1$44,610
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,420,184
Other Expenses$2,321,016
Total Fundraising Expense$19,286
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,289,335$440,948$8,018$4,738,301
Depreciation Depletion$377,552--$377,552
Payroll Taxes$326,976$31,557$552$359,085
Other Employee Benefits$235,144$14,391$2,620$252,155
Other Expenses$43,490$187,748-$231,238
Occupancy$204,641--$204,641
Insurance$169,533$24,465$1,507$195,505
All Other Expenses$55,812$120,049-$175,861
Pension Plan Contributions$56,543$7,544$6,556$70,643
Information Technology-$57,195-$57,195
Interest-$44,578-$44,578
Fees for Services Accounting-$39,811-$39,811
Office Expenses-$16,145-$16,145
Advertising-$3,408$33$3,441
Total Functional Expenses$6,734,075$987,839$19,286$7,741,200
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$2,162,720
Deferred Revenue - Insurance$173,861
Custodial Funds Held for Others$51,621
Capital Lease Obligation$488
Long Term Debt Adjustment$-187
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
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
2019-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Neal Dungan
Formed
1965
Legal Domicile
Nm
Voting Board Members
9
Independent Board Members
9
Employees
237

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 -88,146”

Raw XML AppendixShowing 400 of 539 raw XML fields

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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt06703750
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt07405714
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt036295266
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0719
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IRS990ScheduleA/Total509Grp/TotalAmt044810745
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt07096402
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt010730221
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt044817938
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt02414391
IRS990ScheduleD/BuildingsGrp/DepreciationAmt09558835
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011973226
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01666872
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01578731
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-53554
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt034587
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01493558
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01666872
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt065141
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt031190
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1731891
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0INVEST IN LANDSUN FOUNDATION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1INTEREST IN ENDOWMENT FUNDS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ASSETS LIMITED TO USE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3LEASES ACQUIRED FOR RESALE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4RESIDENT TRUST FUNDS
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED REVENUE - INSURANCE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2CUSTODIAL FUNDS HELD FOR OTHERS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3CAPITAL LEASE OBLIGATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4LONG TERM DEBT ADJUSTMENT
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IRS990ScheduleM/ThirdPartiesUsedInd0false
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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.

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,326,129
Liabilities
$5,482,080
Net assets
$1,844,049
Revenue
$7,092,694
Expenses
$7,741,200
Net income
-$648,506
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$1.72$1.20$0.52
2019Detailed filing. Detailed filing data is available for this year.$6.10$4.11$1.98$8.32$8.31$0.01
2018Detailed filing. Detailed filing data is available for this year.$7.33$5.48$1.84$7.09$7.74$0.65
2017Detailed filing. Detailed filing data is available for this year.$7.04$4.46$2.58$9.45$8.64$0.81
2016Detailed filing. Detailed filing data is available for this year.$6.46$4.89$1.56$9.00$9.84$0.84
2015Detailed filing. Detailed filing data is available for this year.$7.37$5.06$2.31$8.99$9.39$0.40
2014Detailed filing. Detailed filing data is available for this year.$7.42$4.63$2.78$10.7$8.69$2.00
2013Detailed filing. Detailed filing data is available for this year.$7.30$6.26$1.04$9.07$9.78$0.72
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.72$5.99$1.73$9.45
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.79$6.55$2.24$9.14
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.36$7.28$2.09$9.14