2024-08-08T06:42:19-05:00 2023-12-31 260429030 NESSERALLA & COMPANY LLC 11 MAIN STREET SUITE 200 CONCORD NH 03301 990 2023-01-01 020426348 LACONIA AREA COMMUNITY LAND TRUST INC LACO 6035240747 193 COURT STREET LACONIA NH 03246 CARMEN LORENTZ EXECUTIVE DIRECTOR 6035240747 2024-08-08 1 0 NESSERALLA COMPANY LLC P01068572 6033693812 2024-08-06 2023 2024-08-08 14:25:15Z LAKES REGION COMMUNITY DEVELOPERS CARMEN LORENTZ 193 COURT STREET LACONIA NH 03246 3001373 0 X WWW.LRCOMMUNITYDEVELOPERS.ORG X 1988 NH LAKES REGION COMMUNITY DEVELOPERS' ("LRCD") MISSION IS TO CREATE OPPORTUNITIES FOR THE LAKES REGION TO THRIVE BY DEVELOPING HEALTHY HOMES, CREATING VIBRANT COMMUNITY ASSETS, AND ENGAGING RESIDENTS. 12 12 8 66 0 0 1013236 1882966 1235883 1074209 33333 44198 12530 0 2294982 3001373 0 78530 0 0 708217 722041 0 0 49630 1424461 1243072 2132678 2043643 162304 957730 15130860 16073008 4192542 4135042 10938318 11937966 X LRCD'S MISSION IS TO CREATE OPPORTUNITIES FOR THE LAKES REGION TO THRIVE BY DEVELOPING HEALTHY HOMES, CREATING VIBRANT COMMUNITY ASSETS, AND ENGAGING RESIDENTS. 0 0 1220232 936089 RENTAL PROPERTIES AND ASSET MANAGEMENT - LRCD RETAINED THE SERVICES OF A THIRD PARTY MANAGEMENT AGENT FOR ITS PORTFOLIO OF PROPERTIES EFFECTIVE APRIL 1, 2006. LRCD PROVIDES ASSET MANAGEMENT SERVICES RELATED TO THOSE PROPERTIES. 247820 98000 REAL ESTATE DEVELOPMENT - LRCD DEVELOPS A RANGE OF REAL ESTATE TO RESPOND TO HOUSING AND COMMUNITY DEVELOPMENT NEEDS IN THE NEW HAMPSHIRE LAKES REGION. THIS INCLUDES AFFORDABLE RENTAL HOMES FOR HOUSEHOLDS OF LOW-INCOME, AFFORDABLE STARTER HOMES FOR HOUSEHOLDS OF MODERATE INCOME, SUPPORTIVE HOUSING FACILITIES FOR TARGETED LOW-INCOME POPULATIONS, AND COMMUNITY FACILITIES FOR NON-PROFIT ORGANIZATIONS MEETING CRITICAL NEEDS IN THE COMMUNITY. 231666 78530 29120 TENANT SUPPORT - LRCD'S RESIDENT SERVICES PROGRAM WORKS TO IMPROVE THE HEALTH AND WELL-BEING OF LRCD'S TENANTS SO THEY CAN MAINTAIN HOUSING STABILITY AND BUILD THEIR OWN PATHWAY TO ECONOMIC SECURITY. LRCD'S RESIDENT SERVICES COORDINATORS PROVIDE BENEFITS COUNSELING AND ASSISTANCE WITH ENROLLMENT, CRISIS INTERVENTION, CONFLICT MEDIATION, AND RESOURCE BROKERING, AND FACILITATE ON-SITE EDUCATIONAL PROGRAMMING. 60976 11000 COMMUNITY BUILDING AND ENGAGEMENT - LRCD FACILITATES LEADERSHIP DEVELOPMENT BY SUPPORTING GROUPS OF TENANTS IN WORKING TOGETHER TO IDENTIFY COMMUNITY PRIORITIES AND DEVELOP RESIDENT-LED PROJECTS. THIS HELPS TO FOSTER HEALTHY RELATIONSHIPS BETWEEN NEIGHBORS AND BUILDS LEADERSHIP AND ADVOCACY SKILLS. 34491 TRANSITIONAL HOUSING - LRCD'S TRANSITIONAL HOUSING PROGRAM SERVES FAMILIES AND INDIVIDUALS WHO ARE HOMELESS OR AT IMMINENT RISK OF HOMELESSNESS. RENTS ARE SUBSIDIZED BY LRCD WHILE THE HOUSEHOLDS WORK TO ADDRESS BARRIERS TO PERMANENT HOUSING, STABILIZE THEIR HEALTH, AND SECURE EMPLOYMENT. 95467 11000 1795185 1 1 0 1 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 43 0 1 8 1 0 0 0 0 0 0 0 0 0 0 X 12 12 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NH X MR STUART P LASALLE 6035240747 193 COURT STREET LACONIA NH 03246 COREY HOYT CHAIR 2.00 X X 0 0 0 CARRIE DURAN VICE CHAIR 2.00 X X 0 0 0 LORI BORIN TREASURER 2.00 X X 0 0 0 LISA MURE SECRETARY 2.00 X X 0 0 0 ERICA GILBERT BOARD MEMBER 2.00 X 0 0 0 CHRIS DICKINSON BOARD MEMBER 2.00 X 0 0 0 VICTORIA GILO BOARD MEMBER 2.00 X 0 0 0 PATRICIA NICHOLS BOARD MEMBER 2.00 X 0 0 0 REUBEN BASSETT BOARD MEMBER 2.00 X 0 0 0 BEN WILSON BOARD MEMBER 2.00 X 0 0 0 LEIGH WILLEY BOARD MEMBER 2.00 X 0 0 0 JOHN LIBBY BOARD MEMBER 2.00 X 0 0 0 CARMEN LORENTZ EXECUTIVE DIRECTOR 45.00 X 119718 0 19323 STUART LASALLE FINANCE DIRECTOR 45.00 X 108256 0 0 SARAH STEVEN-HUBBARD RE DEVELOPMENT DIRECTOR 45.00 X 101616 0 21548 329590 0 40871 3 0 0 0 NORTHPOINT ENGINEERING LLC 119 STORRS STREET SUITE 201 CONCORD NH 03301 CIVIL ENGINEERING SERVICES 121256 1 953572 929394 1882966 RENTAL INCOME 531110 934306 934306 DEVELOPER FEES 531110 98000 98000 RESIDENT SERVICE FEES 531110 29120 29120 CONTRACTED SERVICE FEE 531110 11000 11000 MANAGEMENT INCENTIVE F 531110 1783 1783 1074209 44198 44198 3001373 1074209 0 44198 78530 78530 139041 95595 24652 18794 448831 339130 109701 13661 10102 3122 437 76362 56469 17452 2441 44146 32646 10089 1411 72852 72852 2913 2913 30509 26586 3614 309 20675 15444 4817 414 23645 23645 22499 17781 4345 373 654086 648955 4725 406 3187 3065 112 10 10958 10958 226179 213196 11957 1026 66833 64174 2449 210 BAD DEBT 62293 62293 SUPPORTIVE SERVICES 24776 24776 MISCELLANEOUS 11780 10351 1316 113 TRAINING AND EDUCATION 7929 7906 21 2 1958 1463 456 39 2043643 1795185 198828 49630 401238 246928 1536736 1525162 1543094 2374091 1049403 577993 1884795 1983985 65246 72821 9230557 2207056 6824601 7023501 423409 478709 1065262 1065264 2842 1923 334234 722631 15130860 16073008 44600 50661 32771 26871 4042971 3980185 72200 77325 4192542 4135042 X 9321734 9507148 1616584 2430818 10938318 11937966 15130860 16073008 X 957730 60204 -18286 X X 0 1 X 1 1 1 X 1876090 1693850 2017323 1013236 1882966 8483465 1507223 1631455 1201309 1235883 1074209 6650079 3383313 3325305 3218632 2249119 2957175 15133544 0 281731 626390 146559 289050 67986 1411716 281731 626390 146559 289050 67986 1411716 13721828 55468 64935 76644 44863 44198 286108 55468 64935 76644 44863 44198 286108 1000 1000 3438781 3390240 3295276 2294982 3001373 15420652 0.88980 0.87250 0.01860 0.01820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 1 245 0 0 1 245 0 0 490 0 PART II-B, LINE 1, LOBBYING ACTIVITIES: THE EXECUTIVE DIRECTOR SIGNS IN ONLINE TO SUPPORT OR OPPOSE BILLS AND SUBMITS WRITTEN TESTIMONY BY EMAIL RATHER THAN TRAVELING TO CONCORD TO TESTIFY IN PERSON. 1292221 105390 1397611 6929896 736557 2147034 5519419 70922 18594 44975 44541 76977 15047 61930 7023501 INVESTMENT IN PARTNERSHIPS - MFH 898306 C INVESTMENT IN PARTNERSHIPS - HARRIMAN HILL 100 C INVESTMENT IN PARTNERSHIPS - MECHANIC SCHOOL 166858 C 1065264 TENANT SECURITY DEPOSITS 52470 RECOVERABLE GRANT PAYABLE 24855 77325 X PART X, LINE 2: LRCD IS NOT A TAXPAYING ENTITY FOR FEDERAL OR STATE INCOME TAX PURPOSES; ACCORDINGLY, A PROVISION FOR INCOME TAXES HAS NOT BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS; NO RESERVES FOR UNCERTAIN INCOME TAX POSITIONS WERE RECORDED; AND LRCD DID NOT RECORD A CUMULATIVE EFFECT ADJUSTMENT RELATED TO THE ADOPTION OF ASC 740. 1 DOWN PAYMENT ASSISTANCE FOR CAR PURCHASES 3 20000 CAR REPAIR ASSISTANCE 6 4462 CAMP TUITION ASSISTANCE 6 9120 RENT AND UTILITY ASSISTANCE 15 36007 DENTAL CARE ASSISTANCE 17 8941 PART I, LINE 2: ASSISTANCE IS PAID EITHER DIRECTLY TO VENDOR OR AS REIMBURSEMENT SUBSTANTIATED BY INVOICE. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION DELEGATES ITS PROPERTY MANAGEMENT FUNCTIONS TO AN OUTSIDE MANAGEMENT COMPANY. FORM 990, PART VI, SECTION B, LINE 11B THE 990 FORM IS PREPARED BY AN INDEPENDENT AUDITOR WITH INPUT FROM LACLT. UPON COMPLETION, THE FORM IS REVIEWED BY THE FINANCE DIRECTOR, EXECUTIVE DIRECTOR, AND THE TREASURER OF THE BOARD OF DIRECTORS WHO REPORTS TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS REVIEWED AND DISCUSSED ANNUALLY WITH EACH BOARD MEMBER TO DETERMINE IF THERE ARE ANY POTENTIAL CONFLICTS OF INTEREST. COMPLETE MONTHLY DISCLOSURE IS REQUIRED PER POLICY. SIMILARLY, THE POLICY IS REVIEWED ANNUALLY WITH KEY EMPLOYEES AND MONITORED THROUGH THE APPLICATIONS OF PROCEDURES THAT ARE OUTLINED IN THE FISCAL POLICIES MANUAL AND ENFORED ON A DAILY BASIS. FORM 990, PART VI, SECTION B, LINE 15 COMPARABILITY DATA IS OBTAINED FROM SIMILAR ORGANIZATIONS IN THE STATE, FROM THE NEIGHBORWORKS NE REGION DATA BASE AND THE NH NON-PROFITS DATA BASE. THE BOARD OF DIRECTORS REVIEWS THE EXECUTIVE DIRECTOR AND APPROVES THE COMPENSATION PACKAGE. THE EXECUTIVE DIRECTOR REVIEWS THE REMAINDER OF THE STAFF. COMPENSATION PACKAGES FOR THE STAFF ARE APPROVED BY THE EXECUTIVE DIRECTOR AND BECOME FINAL WHEN THE ANNUAL OPERATING BUDGET IS APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 ALL SUCH DOCUMENTS ARE MAINTAINED IN THE LRCD FILE ROOM WITH DIGITAL COPIES IN DROPBOX. THESE DOCUMENTS ARE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: DISCOUNT ON NOTES RECEIVABLE -4,652. RECOVERY OF DISCOUNT ON NOTE PAYABLE -8,248. WRITE-OFF OF GRANT RECEIVABLE -5,386. FORM 990, PART XII, LINE 3C NO CHANGE FROM PRIOR YEAR. MECHANIC SCHOOL LIMITED PARTNERSHIP 193 COURT STREET LACONIA NH 03246 204271881 RENTAL REAL ESTATE NH LACLT RELATED -16715 648061 0 1 1.00000 MFH LIMITED PARTNERSHIP 193 COURT STREET LACONIA NH 03246 364544715 RENTAL REAL ESTATE NH LACLT RELATED -14383 1479147 0 1 1.00000 BOYNTON ROAD LIMITED PARTNERSHIP 193 COURT STREET LACONIA NH 03246 261116794 RENTAL REAL ESTATE NH LACLT CORP RELATED -13 72747 0 1 0.00010 LOCHMERE MEADOWS AFFORDABLE HOUSING LIMITED PARTNERSHIP 193 COURT STREET LACONIA NH 03246 271453830 RENTAL REAL ESTATE NH LACLT CORP RELATED -15 477563 0 1 0.00010 LM II AFORDABLE HOUSING LIMITED PARTNERSHIP 193 COURT STREET LACONIA NH 03246 460795790 RENTAL REAL ESTATE NH LACLT CORP RELATED -14 48417 0 1 0.00010 HARRIMAN HILL AFFORDABLE HOUSING LIMITED PARTNERSHIP 193 COURT STREET LACONIA NH 03246 273399009 RENTAL REAL ESTATE NH EASTLACLT LLC RELATED -5141 425363 1 1 0.00010 HARRIMAN HILL II LIMITED PARTNERSHIP 193 COURT STREET LACONIA NH 03246 463025380 RENTAL REAL ESTATE NH EASTLACLT LLC RELATED -15 37479 0 1 0.00010 RIVER'S EDGE LACONIA LIMITED PARTNERSHIP 193 COURT STREET LACONIA NH 03246 611731748 RENTAL REAL ESTATE NH WINNI RIVER HOUSING CORP RELATED -13 865374 0 1 0.00010 GVK3 LIMITED PARTNERSHIP 193 COURT STREET LACONIA NH 03246 821594997 RENTAL REAL ESTATE NH GVK3 HOUSING CORP RELATED -14 23167 0 1 0.00010 HHA LIMITED PARTNERSHIP 193 COURT STREET LACONIA NH 03246 352654456 RENTAL REAL ESTATE NH HHA HOUSING CORP RELATED -22 869898 0 1 0.00010 HHM LIMITED PARTNERSHIP 193 COURT STREET LACONIA NH 03246 862825510 RENTAL REAL ESTATE NH HARVEY HEIGHTS MEREDITH CORPORATION RELATED -13 1136464 0 1 0.00010 LACLT CORP 193 COURT STREET LACONIA NH 03246 020495899 RENTAL REAL ESTATE NH LACLT C -41 1.00000 0 EASTLACLT LLC 193 COURT STREET LACONIA NH 03246 273398843 RENTAL REAL ESTATE NH LACLT CORP C -5156 0.51000 0 WINNI RIVER HOUSING CORP 193 COURT STREET LACONIA NH 03246 464968689 RENTAL REAL ESTATE NH LACLT C -13 1.00000 0 GVK3 HOUSING CORP 193 COURT STREET LACONIA NH 03246 821594895 RENTAL REAL ESTATE NH LACLT C -12 0.88000 0 HHA HOUSING CORP 193 COURT STREET LACONIA NH 03246 833820481 RENTAL REAL ESTATE NH LACLT C -22 1.00000 0 HARVEY HEIGHTS MEREDITH CORPORATION 193 COURT STREET LACONIA NH 03246 862766690 RENTAL REAL ESTATE NH LACLT C -13 1.00000 0 BAY STREET APARTMENTS CORP 193 COURT STREET LACONIA NH 03246 934839256 RENTAL REAL ESTATE NH LACLT C 1.00000 0 1 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 MECHANIC SCHOOL LIMITED PARTNERSHIP A 930 ACTUAL AMOUNT BOYNTON ROAD LIMITED PARTNERSHIP A 510 ACTUAL AMOUNT HARRIMAN HILL AFFORDABLE HOUSING LIMITED PARTNERSHIP A 2978 ACTUAL AMOUNT RIVER'S EDGE LACONIA LIMITED PARTNERSHIP A 21950 ACTUAL AMOUNT LOCHMERE MEADOWS AFFORDABLE HOUSING LIMITED PARTNERSHIP A 1096 ACTUAL AMOUNT HHM LIMITED PARTNERSHIP D 83132 ACTUAL AMOUNT HHM LIMITED PARTNERSHIP L 98000 ACTUAL AMOUNT HHM LIMITED PARTNERSHIP Q 122101 ACTUAL AMOUNT