Lss Housing INC: Nonprofit Profile, Financials & Form 990 (EIN 39-1410431)

Revenue by fiscal year
FY2020	$1.2M
FY2021	$1.2M
FY2022	$1.3M
FY2023	$1.3M
FY2024	$1.4M

Expenses by fiscal year
FY2020	$1.1M
FY2021	$1.2M
FY2022	$1.2M
FY2023	$1.3M
FY2024	$1.4M

Net assets by fiscal year
FY2020	−$1.6M
FY2021	−$1.6M
FY2022	−$1.6M
FY2023	−$1.6M
FY2024	−$1.6M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1982.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

88%

12%

Program services 88% · $1.2M Management & general 12% · $164K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation

Hector Colon

President

$0Pt VII · Sec A

Joseph Arzbecker

VP/Asst Secretary

$0Pt VII · Sec A

Randy Oleszak

VP/Asst Treasurer

$0Pt VII · Sec A

Dennis Hanson

VP/Asst Secretary

$0Pt VII · Sec A

Jose Olivieri

Past Chair

$0Pt VII · Sec A

Eric Lorenz

Chair

$0Pt VII · Sec A

Katie Baardseth

Vice Chair

$0Pt VII · Sec A

Joel Treffert

Second Vice Chair

$0Pt VII · Sec A

See Lss Housing INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers housing and services to low-income disabled and older adults.

Questions for Lss Housing INC

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1 program · $1.2M · in their own filed words · FY2024

01

LSS housing, inc. Is a service corporation for the purpose of providing premier low-income housing facilities and services for our tenants. LSS housing offers 126 units in 9 separate properties of subsidized housing for the chronic mentally disabled, physically disabled, and older adults in cooperation with wisconsin housing and economic…

$1.2Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs

Year ending Dec 2025 · $4.1M federal money spent

Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing ProjectsDepartment of Housing and Urban Development · ALN 14.155 · Direct$3.1M

Supportive Housing for Persons with Disabilities, Housing Assistance Payments ContractDepartment of Housing and Urban Development · ALN 14.181 · Direct$831K

Section 8 Housing Assistance Payments ProgramDepartment of Housing and Urban Development · ALN 14.195 · Direct$184K

The auditor reported no findings.

Year ending Dec 2024 · $4.2M federal money spent

Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing ProjectsDepartment of Housing and Urban Development · ALN 14.155 · Direct$3.3M

Supportive Housing for Persons with Disabilities, Housing Assistance Payments ContractDepartment of Housing and Urban Development · ALN 14.181 · Direct$767K

Section 8 Housing Assistance Payments ProgramDepartment of Housing and Urban Development · ALN 14.195 · Direct$182K

The auditor reported no findings.

Year ending Dec 2023 · $4.3M federal money spent

Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing ProjectsDepartment of Housing and Urban Development · ALN 14.155 · Direct$3.4M

Supportive Housing for Persons with Disabilities, Housing Assistance Payments ContractDepartment of Housing and Urban Development · ALN 14.181 · Direct$704K

Section 8 Housing Assistance Payments ProgramDepartment of Housing and Urban Development · ALN 14.195 · Direct$174K

The auditor reported no findings.

Year ending Dec 2022 · $4.5M federal money spent

Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing ProjectsDepartment of Housing and Urban Development · ALN 14.155 · Direct$3.6M

Supportive Housing for Persons with Disabilities - Housing Assitance Payments ContractDepartment of Housing and Urban Development · ALN 14.181 · Direct$725K

Section 8 Housing Assistance Payments Program - Section 8 Project-Based ClusterDepartment of Housing and Urban Development · ALN 14.195 · Direct$174K

The auditor reported no findings.

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$1.4M

Ln 12

Fees for servicesLn 2g$1.3M

Other incomeLn 4–11$10K

Investment incomeLn 3$474

Money outPt IX

$1.4M

Ln 25

Programscol B$1.2M

Managementcol C$164K

Owns and owesPt X

−$1.6M

net assets · Ln 32

Cash and savingsLn 1–2$916K

Total assetsLn 16$1.9M

LiabilitiesLn 26$3.5M

PeoplePt VI, VII

10

listed · VII A

PaidVII A0

Voting boardVI 1a10

IndependentVI 1b6

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$1.3M

Investment incomeLn 3$474

Other incomeLn 4–11$10K

Total revenueLn 12$1.4M

Assets in detailPt X, end of year

CashLn 1$19K

SavingsLn 2$898K

Cash and savings togetherLn 1–2$916K

Land, buildings, equipmentLn 10c$961K

Other assetsLn 15$38K

Total assetsLn 16$1.9M

LiabilitiesLn 26$3.5M

Net assetsLn 32−$1.6M

OperationsPt I, VI

EmployeesI 50

VolunteersI 610

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$813K	$916K
Land, buildings, equipmentLn 10c	$1.0M	$961K
Total assetsLn 16	$1.9M	$1.9M
LiabilitiesLn 26	$3.5M	$3.5M
Net assetsLn 32	−$1.6M	−$1.6M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$309K	$242K	$67K
Pension plan contributionsLn 8	$6K	$6K
Other employee benefitsLn 9	$48K	$48K
Payroll taxesLn 10	$18K	$18K
Management feesLn 11a	$82K		$82K
Legal feesLn 11b	$5K	$5K
Accounting feesLn 11c	$38K	$23K	$15K
Office expensesLn 13	$98K	$98K
OccupancyLn 16	$412K	$412K
Conferences, conventions and meetingsLn 19	$4K	$4K
InterestLn 20	$89K	$89K
Depreciation, depletion and amortizationLn 22	$152K	$152K
InsuranceLn 23	$29K	$29K
Other expenses (24a–d)Ln 24	$69K	$69K
All other expensesLn 24e	$683	$683
Total functional expensesLn 25	$1.4M	$1.2M	$164K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest ViewingFiled with the IRS Nov 12, 2025	$1.4M	$1.4M	−$657	−$1.6M	990 PDF
FY2023Filed with the IRS Nov 7, 2024	$1.3M	$1.3M	$5K	−$1.6M	990 PDF
FY2022Filed with the IRS Nov 9, 2023	$1.3M	$1.2M	$20K	−$1.6M	990 PDF
FY2021Filed with the IRS Nov 14, 2022	$1.2M	$1.2M	−$9K	−$1.6M	990 PDF
FY2020Filed with the IRS Nov 3, 2021	$1.2M	$1.1M	$84K	−$1.6M	990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2024 990 (6 parts)

Part I · Summary $1,359,453 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $1,305,833$1,348,584

I-10 Investment incomePrior year $358$474

I-11 Other revenuePrior year $12,677$10,395

I-12 Total revenuePrior year $1,318,868$1,359,453

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $361,961$380,858

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $951,449$979,252

I-18 Total expensesPrior year $1,313,410$1,360,110

I-19 Revenue less expensesPrior year $5,458−$657

Part VI · Governance 6 of 10 board members independent, 1 to look at

VI-1a Voting members of the governing body10

VI-1b Independent voting members6

VI-12a Written conflict of interest policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $1,359,453 across 4 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,348,584$1,348,584

VIII-3 Investment incomeExcluded from tax $474$474

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $10,395$10,395

VIII-12 Total revenueRelated to mission $1,358,979 · Unrelated business $0 · Excluded from tax $474$1,359,453

Part IX · Statement of functional expenses $1,360,110 across 15 lines filed

IX-7 Other salaries and wagesPrograms $242,078 · Management $66,528$308,606

IX-8 Pension plan contributionsPrograms $6,172$6,172

IX-9 Other employee benefitsPrograms $48,064$48,064

IX-10 Payroll taxesPrograms $18,016$18,016

IX-11a Management feesManagement $81,863$81,863

IX-11b Legal feesPrograms $5,016$5,016

IX-11c Accounting feesPrograms $22,942 · Management $15,120$38,062

IX-13 Office expensesPrograms $98,202$98,202

IX-16 OccupancyPrograms $412,393$412,393

IX-19 Conferences, conventions and meetingsPrograms $4,168$4,168

IX-20 InterestPrograms $89,022$89,022

IX-22 Depreciation, depletion and amortizationPrograms $151,597$151,597

IX-23 InsurancePrograms $28,836$28,836

IX-24 Other expenses (24a–d)Programs $69,410$69,410

IX-24e All other expensesPrograms $683$683

IX-25 Total functional expensesPrograms $1,196,599 · Management $163,511 · Fundraising $0$1,360,110

Part X · Balance sheet $1,932,051 assets, 15 lines filed

X-1 Cash, non-interest-bearingStart of year $21,923$18,929

X-2 Savings and temporary cash investmentsStart of year $791,576$897,502

X-4 Accounts receivableStart of year $2,870$6,636

X-9 Prepaid expenses and deferred chargesStart of year $10,121$10,161

X-10c Land, buildings and equipment, netStart of year $1,036,046$961,320

X-15 Other assetsStart of year $36,340$37,503

X-16 Total assetsStart of year $1,898,876$1,932,051

X-17 Accounts payable and accrued expensesStart of year $271,590$461,822

X-19 Deferred revenueStart of year $2,256$4,206

X-24 Unsecured notes and loans payableStart of year $3,188,631$3,029,118

X-25 Other liabilitiesStart of year $36,340$37,503

X-26 Total liabilitiesStart of year $3,498,817$3,532,649

X-27 Net assets without donor restrictionsStart of year −$1,599,941−$1,600,598

X-32 Total net assets or fund balancesStart of year −$1,599,941−$1,600,598

X-33 Total liabilities and net assetsStart of year $1,898,876$1,932,051

Part XI · Reconciliation of net assets −$1,600,598 net assets at year end

XI-1 Total revenue$1,359,453

XI-2 Total expenses$1,360,110

XI-3 Revenue less expenses−$657

XI-4 Net assets at start of year−$1,599,941

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year−$1,600,598

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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Lss Housing INC

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Lss Housing INC

Funders

Federal money

By the numbers

Filing history

Schedules filed Part IV