Nonprofit · EIN 02-0426348
LACONIA AREA COMMUNITY LAND TRUST
Tax-exempt · LACONIA, NH 03246
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $5,132,958 | $2,969,248 | $2,163,710 | $25,283,158 | $6,689,709 | $18,593,449 |
| December 31, 2024 | 990 | $4,173,540 | $2,568,269 | $1,605,271 | $18,410,945 | $3,983,764 | $14,427,181 |
| December 31, 2023 | 990 | $3,001,373 | $2,043,643 | $957,730 | $16,073,008 | $4,135,042 | $11,937,966 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $3,114,135
- of which government grants
- $1,561,000
- Program service revenue
- $1,743,055
- Investment income
- $268,632
- Net gain from sales of assets
- $202,900
- Other revenue
- $7,136
Expenses
- Grants and similar amounts paid
- $917,876
- Compensation of officers, directors and key employees
- $152,098
- Other salaries and wages
- $456,056
- Salaries, compensation and benefits (total)
- $736,701
- Professional fundraising fees
- $0
- Legal fees
- $4,908
- Accounting fees
- $33,201
- Occupancy
- $735,848
- Travel
- $6,272
- Depreciation
- $240,990
- Program services (functional)
- $2,737,459
- Management and general (functional)
- $185,530
- Fundraising (functional)
- $46,259
Balance sheet and other
- Total assets, start of year
- $18,410,945
- Total assets, end of year
- $25,283,158
- Total liabilities, end of year
- $6,689,709
- Net assets, end of year
- $18,593,449
- Land, buildings and equipment
- $6,695,338
- Publicly traded securities
- $113,892
- Net assets without donor restrictions
- $15,123,410
- Net assets with donor restrictions
- $3,470,039
- Gross receipts
- $5,684,207
- Employees
- 8
- Volunteers
- 65
- Year formed
- 1988
- State of legal domicile
- NH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CARMEN LORENTZ | EXECUTIVE DIRECTOR Officer | 45 | $128,615 | $23,483 |
| KARA LA SALLE | DEVELOPMENT DIRECTOR Highest-paid employee | 45 | $100,991 | $12,495 |
| JEANIE FORRESTER | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ERICA GILBERT | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JUDITH DONNELLY | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| VICTORIA GILO | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| LEIGH WILLEY | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| TIFFANY BAERT | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| KYRIL MITCHELL | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| LORI BORIN | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| LISA MURE | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| REUBEN BASSETT | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| PATRICIA NICHOLS | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
990 for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CARMEN LORENTZ | EXECUTIVE DIRECTOR Officer | 45 | $123,830 | $21,153 |
| CARRIE DURAN | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| LORI BORIN | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| LISA MURE | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| ERICA GILBERT | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| CHRIS DICKINSON | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| VICTORIA GILO | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| PATRICIA NICHOLS | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| REUBEN BASSETT | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| LEIGH WILLEY | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| TIFFANY BAERT | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| COREY HOYT | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CARMEN LORENTZ | EXECUTIVE DIRECTOR Officer | 45 | $119,718 | $19,323 |
| SARAH STEVEN-HUBBARD | RE DEVELOPMENT DIRECTOR Highest-paid employee | 45 | $101,616 | $21,548 |
| STUART LASALLE | FINANCE DIRECTOR Highest-paid employee | 45 | $108,256 | $0 |
| COREY HOYT | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| CARRIE DURAN | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| LORI BORIN | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| LISA MURE | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| ERICA GILBERT | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| CHRIS DICKINSON | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| VICTORIA GILO | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| PATRICIA NICHOLS | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| REUBEN BASSETT | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| BEN WILSON | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| LEIGH WILLEY | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JOHN LIBBY | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 193 COURT ST, LACONIA, NH 03246-3642
- Principal officer (990 for 2025)
- CARMEN LORENTZ, 193 COURT STREET, LACONIA, NH 03246
- Signed the 990
- CARMEN LORENTZ, EXECUTIVE DIRECTOR
- Phone
- (603) 524-0747
- Return prepared by
- NESSERALLA & COMPANY LLC
Mission
LRCD'S MISSION IS TO CREATE OPPORTUNITIES FOR THE PEOPLE OF THE LAKES REGION TO THRIVE BY DEVELOPING HEALTHY HOMES, CREATING VIBRANT COMMUNITY ASSETS, AND EMPOWERING RESIDENTS.
Program accomplishments
- 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.Expenses $1,262,176 · revenue $1,260,409
- 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.Expenses $1,215,370 · grants $892,405 · revenue $574,977
- 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.Expenses $223,632 · grants $25,471 · revenue $74,983
- 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.Expenses $36,281 · revenue $95
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 02-0426348
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1990
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L200)
- Assets (IRS master file)
- $25,283,158
- Income (IRS master file)
- $5,684,207
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $5,132,958 | $2,969,248 | $25,283,158 | IRS |
| 990 | December 2024 | $4,173,540 | $2,568,269 | $18,410,945 | XML |
| 990 | December 2023 | $3,001,373 | $2,043,643 | $16,073,008 | XML |
| 990 | December 2022 | $2,294,982 | $2,132,678 | $15,130,860 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 02-0426348).
Questions about LACONIA AREA COMMUNITY LAND TRUST
- What is the EIN of LACONIA AREA COMMUNITY LAND TRUST?
- The employer identification number (EIN) of LACONIA AREA COMMUNITY LAND TRUST is 02-0426348.
- Is LACONIA AREA COMMUNITY LAND TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
- Are donations to LACONIA AREA COMMUNITY LAND TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LACONIA AREA COMMUNITY LAND TRUST file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LACONIA AREA COMMUNITY LAND TRUST due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LACONIA AREA COMMUNITY LAND TRUST last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of LACONIA AREA COMMUNITY LAND TRUST?
- The 990 for the year ended December 31, 2025 names CARMEN LORENTZ.
- Who are the officers and directors of LACONIA AREA COMMUNITY LAND TRUST?
- The 990 for the year ended December 31, 2025 lists 13 people; 2 received compensation from the organization, the highest $128,615 (CARMEN LORENTZ, EXECUTIVE DIRECTOR).
- How much revenue does LACONIA AREA COMMUNITY LAND TRUST have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $5,132,958, expenses of $2,969,248 and total assets of $25,283,158 at year end.
Other nonprofits in LACONIA
- FAMILY PROMISE OF THE LAKES REGION EIN 33-4399173 · last filed 990-N for 2025
- NEW HAMPSHIRE REGIONAL COMMUNITY DEVELOPMENT CORPORATION EIN 02-0485869 · last filed 990-N for 2025
- TAYLOR HOME EIN 02-0222149 · last filed 990-PF for 2025
- LAKES REGION COMMUNITY SERVICES COUNCIL EIN 02-0329795 · last filed 990 for 2025
- THE LAKES REGION MENTAL HEALTH CENTER INC EIN 02-0272138 · last filed 990 for 2025
- LAKES REGION SCHOLARSHIP FOUNDATION EIN 02-6012236 · last filed 990 for 2025
- PARTNERSHIP FOR PUBLIC HEALTH INC EIN 20-2713484 · last filed 990 for 2025
- NEW HAMPSHIRE HUMANE SOCIETY EIN 02-6006374 · last filed 990 for 2024
All nonprofits in LACONIA · New Hampshire · Housing and shelter