Civic Intelligence

Landsun Homes Inc

990 • Fiscal year 2020 • EIN 85-6010706

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 28, 2021

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

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2020

Liabilities / Revenue

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

81st percentile

30%

Higher net margin than 81% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

2nd percentile

-79%

Faster revenue growth than 2% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$0

Down $6,098,037 (-100%) from 2019

Net Assets

Down

$0

Down $1,983,863 (-100%) from 2019

Liabilities

Down

$0

Down $4,114,174 (-100%) from 2019

Revenue

Down

$1,720,058

Down $6,601,233 (-79%) from 2019

Expenses

Down

$1,203,375

Down $7,110,668 (-86%) from 2019

Net Income

Up

$516,683

Up $509,435 (+7029%) from 2019

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

2020

Assets$0
Liabilities$0
Net Assets$0

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

2020

Revenue$1,720,058
Expenses$1,203,375
Net Income$516,683
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 28, 2021
Return Version
2020v4.0
Gross Receipts
$1,720,058
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$2,926,528--
Accounts Receivable$693,003--
Cash and Non-Interest-Bearing Accounts$358,216--
Inventories for Sale or Use$24,705--
Prepaid Expenses and Deferred Charges$22,759--
Total Assets$6,098,037$0▼ $6,098,037
Other Assets Total$2,072,826--
Liabilities
Other Liabilities$2,051,660--
Accounts Payable and Accrued Expenses$1,259,436--
Mortgage Notes Payable Secured by Investment Property$803,078--
Total Liabilities$4,114,174$0▼ $4,114,174
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,908,427--
Net Assets Without Donor Restrictions$75,436--
Total Net Assets Fund Balance$1,983,863$0▼ $1,983,863
Total Liabilities and Net Assets / Fund Balance$6,098,037$0▼ $6,098,037

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$1,714,632--$1,714,632-
2019$1,578,731-▲ $164,948$35,447$1,714,632
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
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,019,543
Program Service Revenue
$686,694
Investment Income
$369
Other Revenue
$13,452
All Other Contributions
$1,019,543
Change in Net Assets
$516,683
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$899,396
Other Expenses$303,979
Total Fundraising Expense$250
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$665,642$119,263-$784,905
Payroll Taxes$53,004$9,289-$62,293
Depreciation Depletion$58,565--$58,565
Other Employee Benefits$44,372$2,082$250$46,704
Insurance$26,663$4,147-$30,810
Occupancy$26,831--$26,831
Office Expenses-$13,394-$13,394
Information Technology-$11,655-$11,655
Fees for Services Accounting-$10,397-$10,397
Other Expenses$7,157$53,207-$7,157
Interest-$7,111-$7,111
Pension Plan Contributions$5,278$216-$5,494
All Other Expenses$3,443$1-$3,444
Advertising-$360-$360
Total Functional Expenses$972,003$231,122$250$1,203,375
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
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 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
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
Chris Jones
Title
President
Phone
5758872894
Signed
2021-10-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Neal Dungan
Formed
1965
Legal Domicile
Nm
Voting Board Members
10
Independent Board Members
10
Employees
130

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 0 cash transferred from landsun foundation 914,521 assets transferred to landsun foundation -248,213 assets transferred to lakeview -book value -3,166,854 total -2,500,546

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