Nonprofit · EIN 36-3438977
LAVERNA TERRACE HOUSING CORPORATION
Tax-exempt · MOKENA, IL 60448
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2024 | 990 | $571,066 | $615,758 | -$44,692 | $4,070,390 | $83,109 | $3,987,281 |
| June 30, 2023 | 990 | $469,999 | $542,140 | -$72,141 | $4,153,322 | $121,349 | $4,031,973 |
Financial details: 990 for the year ended June 30, 2024
Revenue
- Contributions, gifts and grants
- $352,824
- of which government grants
- $352,824
- Program service revenue
- $217,488
- Investment income
- -$626
- Net gain from sales of assets
- -$3,571
- Other revenue
- $1,380
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $50
- Accounting fees
- $16,537
- Occupancy
- $257,569
- Depreciation
- $165,587
- Program services (functional)
- $569,197
- Management and general (functional)
- $46,561
Balance sheet and other
- Total assets, start of year
- $4,153,322
- Total assets, end of year
- $4,070,390
- Total liabilities, end of year
- $83,109
- Net assets, end of year
- $3,987,281
- Land, buildings and equipment
- $3,894,731
- Net assets without donor restrictions
- $3,987,281
- Gross receipts
- $574,637
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1982
- State of legal domicile
- IN
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 June 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LISA ANN MUSGRAVE MHA BSN RN | SENIOR VP, POST-ACUTE AND AT-HOME SERVICES/CHAIR Trustee or director, Officer | 0 | $0 | $1,150,413 | $53,389 |
| DAVID BORDO | DIRECTOR (END 12/2023) Trustee or director | 0 | $0 | $715,547 | $55,285 |
| DANIEL STRICKER | FORMER OFFICER (END 8/2022) Former | 0 | $0 | $641,193 | $0 |
| MICHAEL GORDON | CFO, ASCENSION LIVING (END 8/2023) Officer | 0 | $0 | $531,953 | $34,547 |
| RYAN BREEDLOVE | DIRECTOR/VP (START 1/2024) Trustee or director, Officer | 0 | $0 | $381,449 | $50,101 |
| ERIN SHADBOLT | VP/CEO(START 5/2024)/SECRETARY (START 1/2024) Trustee or director, Officer | 0 | $0 | $319,145 | $47,152 |
| KENNETH R SMOOT | DIRECTOR/CHIEF MISSION INTEGRATION OFFICER Trustee or director | 0 | $0 | $289,923 | $27,910 |
| ROBIN T BINEK | AVP OF FINANCE/TREASURER (START 9/2023) Trustee or director, Officer | 0 | $0 | $235,530 | $46,195 |
| BRAD S FOLEY | BOARD CHAIR (END 12/2023) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KAREN LAUER | DIRECTOR (END 12/2023) Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DANIEL STRICKER | PRESIDENT & CEO, ASCENSION Officer | 1 | $0 | $1,429,457 | $25,705 |
| DAVID BORDO | BOARD MEMBER Trustee or director | 40 | $0 | $794,363 | $48,810 |
| MICHAEL GORDON | CFO Officer | 1 | $0 | $547,100 | $42,377 |
| LISA ANN MUSGRAVE | SENIOR VP Officer | 1 | $0 | $418,580 | $25,944 |
| KAREN LAUER | BOARD MEMBER Trustee or director | 40 | $0 | $38,671 | $6,131 |
| BRAD S FOLEY | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 18927 HICKORY CREEK DR STE 300, MOKENA, IL 60448-8652
- Principal officer (990 for 2023)
- LISA MUSGRAVE, 4600 EDMUNDSON RD, ST LOUIS, MO 63134
- Signed the 990
- LISA MUSGRAVE, SENIOR VICE PRESIDENT
- Phone
- (317) 271-8888
- Return prepared by
- DAUBY O'CONNOR & ZALESKI LLC
Mission
PROVIDE AFFORDABLE HOUSING FACILITIES FOR LOW-INCOME ELDERLY AND HANDICAPPED INDIVIDUALS.
Program accomplishments
- THE ORGANIZATION PROVIDES AFFORDABLE HOUSING TO LOW-INCOME SENIOR INDIVIDUALS. THE ORGANIZATION OWNS & OPERATES A 51 UNIT APARTMENT COMMUNITY. THE RENTS CHARGED TO TENANTS ARE SUBSIDIZED AND REGULATED BY THE U.S. DEPARTMENT OF HOUSING & URBAN DEVELOPMENT. AS PART OF THE ASCENSION CATHOLIC HEALTH MINISTRY, THE FILING ORGANIZATION SERVED IN SUPPORT OF ASCENSION'S COMMITMENT TO BOTH CARE FOR PATIENTS AND COMMUNITIES AND SUPPORT CAREGIVERS AND OTHER ASSOCIATES THROUGH THE CHALLENGES OF THE COVID-19 GLOBAL PANDEMIC IN 2020, 2021, & 2022.Expenses $569,197 · revenue $215,297
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | Not on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 36-3438977
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Exempt since
- 1946
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E30J)
- Group exemption
- 0928: UNITED STATES CATHOLIC CONFERENCE
- Assets (IRS master file)
- $4,070,390
- Income (IRS master file)
- $574,637
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2024 | $571,066 | $615,758 | $4,070,390 | IRS |
| 990 | June 2023 | $469,999 | $542,140 | $4,153,322 | XML |
| 990 | June 2022 | $528,611 | $580,741 | $4,251,296 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 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 36-3438977).
Questions about LAVERNA TERRACE HOUSING CORPORATION
- What is the EIN of LAVERNA TERRACE HOUSING CORPORATION?
- The employer identification number (EIN) of LAVERNA TERRACE HOUSING CORPORATION is 36-3438977.
- Is LAVERNA TERRACE HOUSING CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1946.
- Which annual return does LAVERNA TERRACE HOUSING CORPORATION 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 LAVERNA TERRACE HOUSING CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAVERNA TERRACE HOUSING CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2024.
- Who is the principal officer of LAVERNA TERRACE HOUSING CORPORATION?
- The 990 for the year ended June 30, 2024 names LISA MUSGRAVE.
- Who are the officers and directors of LAVERNA TERRACE HOUSING CORPORATION?
- The 990 for the year ended June 30, 2024 lists 10 people; 0 received compensation from the organization.
- How much revenue does LAVERNA TERRACE HOUSING CORPORATION have?
- On its 990 for the year ended June 30, 2024 it reported revenue of $571,066, expenses of $615,758 and total assets of $4,070,390 at year end.
Other nonprofits in MOKENA
- FERTILITYCARE CENTER OF GREATER CHICAGO NOT FOR PROFIT EIN 42-1557283 · last filed 990-N for 2025
- WORKING ON WELLNESS FOUNDATION INC EIN 81-4609518 · last filed 990-N for 2025
- A RAE OF JOI EIN 86-2059250 · last filed 990-N for 2024
- INTERNATIONAL BROTHERHOOD OF TEAMSTERS-710 HEALTH & WELFARE FUN EIN 36-2153764 · last filed 990 for 2025
- PIPE FITTERS TRAINING FUND EIN 36-2536349 · last filed 990 for 2024
- INTERNATIONAL BROTHERHOOD OF TEAMSTERS EIN 36-1460890 · last filed 990 for 2025
- THE OZINGA FOUNDATION INC EIN 36-4039338 · last filed 990-PF for 2025
- GREEN PINES ACADEMY EIN 36-4416591 · last filed 990 for 2025