Lacrescent Elderly Housing Group INC: Nonprofit Profile, Financials & Form 990 (EIN 41-1427025)

Revenue by fiscal year
FY2020	$233K
FY2021	$245K
FY2022	$243K
FY2023	$265K
FY2024	$265K

Expenses by fiscal year
FY2020	$181K
FY2021	$189K
FY2022	$190K
FY2023	$191K
FY2024	$207K

Net assets by fiscal year
FY2020	$33K
FY2021	$89K
FY2022	$143K
FY2023	$216K
FY2024	$274K

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

83 cents of each dollar spent went to programs.

83%

17%

Program services 83% · $171K Management & general 17% · $36K

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

Something off? Claim to fix it

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation

Richard Wieser

Director

$0Pt VII · Sec A

Michael Poellinger

Director

$0Pt VII · Sec A

Pat Senn

President

$0Pt VII · Sec A

Mike Ryan

Vice President

$0Pt VII · Sec A

Dan Heth

Director

$0Pt VII · Sec A

See Lacrescent Elderly Housing Group INC executive salaries →

On this list? Claim this org

Something off? Claim to fix it

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 15aNo

Programs and updates

Provides affordable housing for seniors with limited income.

Questions for Lacrescent Elderly Housing Group INC

Tap to ask. Lacrescent Elderly Housing Group INC sees how many people are interested.

Your first name shows with your question. Lacrescent Elderly Housing Group INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $171K · in their own filed words · FY2024

01

Low income housing for the elderly. The organization owns a 34 unit apartment building, which is rented to elderly persons meeting hud guidelines.

$171Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$265K

Ln 12

Fees for servicesLn 2g$252K

Other incomeLn 4–11$9K

Investment incomeLn 3$4K

Money outPt IX

$207K

Ln 25

Programscol B$171K

Managementcol C$36K

Owns and owesPt X

$274K

net assets · Ln 32

Cash and savingsLn 1–2$222K

Total assetsLn 16$363K

LiabilitiesLn 26$89K

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a5

IndependentVI 1b5

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$252K

Investment incomeLn 3$4K

Other incomeLn 4–11$9K

Total revenueLn 12$265K

Assets in detailPt X, end of year

CashLn 1$1K

SavingsLn 2$221K

Cash and savings togetherLn 1–2$222K

Land, buildings, equipmentLn 10c$133K

Total assetsLn 16$363K

LiabilitiesLn 26$89K

Net assetsLn 32$274K

OperationsPt I, VI

EmployeesI 50

VolunteersI 64

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$230K	$222K
Land, buildings, equipmentLn 10c	$141K	$133K
Total assetsLn 16	$378K	$363K
LiabilitiesLn 26	$161K	$89K
Net assetsLn 32	$216K	$274K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Management feesLn 11a	$43K	$26K	$17K
Accounting feesLn 11c	$7K		$7K
Advertising and promotionLn 12	$713	$713
Office expensesLn 13	$3K		$3K
OccupancyLn 16	$73K	$73K
InterestLn 20	$10K		$10K
Depreciation, depletion and amortizationLn 22	$8K	$8K
InsuranceLn 23	$15K	$15K
Other expenses (24a–d)Ln 24	$50K	$50K
Total functional expensesLn 25	$207K	$171K	$36K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$265K	$207K	$58K	$274K	990 PDF
FY2023	$265K	$191K	$74K	$216K	990 PDF
FY2022	$243K	$190K	$54K	$143K	990 PDF
FY2021	$245K	$189K	$56K	$89K	990 PDF
FY2020	$233K	$181K	$52K	$33K	990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2024 990 (6 parts)

Part I · Summary $265,194 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $250,573$252,400

I-10 Investment incomePrior year $2,334$3,660

I-11 Other revenuePrior year $12,231$9,134

I-12 Total revenuePrior year $265,138$265,194

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 $0$0

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

I-17 Other expensesPrior year $191,421$207,304

I-18 Total expensesPrior year $191,421$207,304

I-19 Revenue less expensesPrior year $73,717$57,890

Part VI · Governance 5 of 5 board members independent, 4 to look at

VI-1a Voting members of the governing body5

VI-1b Independent voting members5

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

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

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $265,194 across 4 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $252,400$252,400

VIII-3 Investment incomeExcluded from tax $3,660$3,660

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $9,134$9,134

VIII-12 Total revenueRelated to mission $261,534 · Unrelated business $0 · Excluded from tax $3,660$265,194

Part IX · Statement of functional expenses $207,304 across 9 lines filed

IX-11a Management feesPrograms $25,752 · Management $16,885$42,637

IX-11c Accounting feesManagement $6,732$6,732

IX-12 Advertising and promotionPrograms $713$713

IX-13 Office expensesManagement $2,656$2,656

IX-16 OccupancyPrograms $72,724$72,724

IX-20 InterestManagement $9,693$9,693

IX-22 Depreciation, depletion and amortizationPrograms $8,005$8,005

IX-23 InsurancePrograms $14,514$14,514

IX-24 Other expenses (24a–d)Programs $49,630$49,630

IX-25 Total functional expensesPrograms $171,338 · Management $35,966 · Fundraising $0$207,304

Part X · Balance sheet $362,962 assets, 11 lines filed

X-1 Cash, non-interest-bearingStart of year $12,846$1,272

X-2 Savings and temporary cash investmentsStart of year $217,347$221,096

X-9 Prepaid expenses and deferred chargesStart of year $6,680$7,741

X-10c Land, buildings and equipment, netStart of year $140,858$132,853

X-16 Total assetsStart of year $377,731$362,962

X-17 Accounts payable and accrued expensesStart of year $6,297$4,937

X-19 Deferred revenueStart of year $410$410

X-26 Total liabilitiesStart of year $161,271$88,612

X-27 Net assets without donor restrictionsStart of year $216,460$274,350

X-32 Total net assets or fund balancesStart of year $216,460$274,350

X-33 Total liabilities and net assetsStart of year $377,731$362,962

Part XI · Reconciliation of net assets $274,350 net assets at year end

XI-1 Total revenue$265,194

XI-2 Total expenses$207,304

XI-3 Revenue less expenses$57,890

XI-4 Net assets at start of year$216,460

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$274,350

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

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

Lacrescent Elderly Housing Group 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 Lacrescent Elderly Housing Group INC

By the numbers

Filing history

Schedules filed Part IV