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Laconia Area Community Land Trust Inc

Lakes Region Community Developers

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 020426348 ✦ Laconia, NH ✦ Designated as a 501(c)(3)

Overview

What is Laconia Area Community Land Trust Inc?

Laconia Area Community Land Trust Inc, often referred to as Lakes Region Community Developers (LRCD), is a nonprofit organization based in Laconia, New Hampshire. With a team of 10 dedicated individuals, their mission is to foster growth and prosperity in the Lakes Region by constructing robust homes, establishing community assets, and engaging local residents. To accomplish this, LRCD employs a third-party management agency since April 2006 to administer their rental property portfolio. Their primary focus is on creating opportunities that contribute to the region's overall well-being.


Official website here: www.lrcommunitydevelopers.org

Is Laconia Area Community Land Trust Inc legitimate?

Laconia Area Community Land Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Laconia Area Community Land Trust Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $122,593
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.lrcommunitydevelopers.org

What is the mission statement of Laconia Area Community Land Trust Inc?

Laconia Area Community Land Trust Inc, often referred to as LRCD, strives to foster growth in its community by developing healthy homes and creating vibrant community assets. Their mission is centered around engaging residents, aiming to enhance the overall well-being of the area. To accomplish this, LRCD provides asset management services for its properties, ensuring their effective maintenance and utilization. This approach contributes to the overall thriving of the community.


Official website here: www.lrcommunitydevelopers.org

Who is the CEO of Laconia Area Community Land Trust Inc?

Carmen Lorentz is the Chair of Laconia Area Community Land Trust Inc.


Official website here: www.lrcommunitydevelopers.org

What is the revenue of Laconia Area Community Land Trust Inc?

Laconia Area Community Land Trust Inc's revenue in 2022 was $2,294,982.


Official website here: www.lrcommunitydevelopers.org

Who are the executives of Laconia Area Community Land Trust Inc and what are their salaries?

The average compensation at Laconia Area Community Land Trust Inc during 2022 was $12,259. There are 10 employees and 46 volunteers at Laconia Area Community Land Trust Inc.

Here are 14 key members and their salaries:

    Carmen Lorentz (Executive Director)
  • Compensation: $114,877
  • Related: $0
  • Other: $18,869

    • Stuart Lasalle (Finance Director)
  • Compensation: $104,324
  • Related: $0
  • Other: $6,575

    • Carrie Duran (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $350

    • Erica Gilbert (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $300

    • Patricia Nichols (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $300

    • Kylie Goss (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $200

    • Chris Dickinson (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lori Borin (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Corey Hoyt (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lisa Mure (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dana Nute (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ben Wilson (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Leigh Willey (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Aaron Bassett (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.lrcommunitydevelopers.org

    Where can I find the form 990 for Laconia Area Community Land Trust Inc?

    The Laconia Area Community Land Trust Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.lrcommunitydevelopers.org

    Learn more at the official website: www.lrcommunitydevelopers.org

    Mission Statement of Laconia Area Community Land Trust Inc

    Laconia Area Community Land Trust Inc, commonly known as LRCD, is dedicated to enhancing the Lakes Region by fostering the development of healthy homes, encouraging the creation of community assets, and engaging with local residents. LRCD's mission is centered around fostering opportunities for growth in the region. They achieve this by focusing on the development of sustainable homes and promoting vibrant community resources. Furthermore, LRCD actively engages with residents, working towards the betterment of the community as a whole. In addition to its mission, LRCD also provides asset management services for its property portfolio, delegating these responsibilities to a third-party management agency since April 2006.

    Impact

    This information is meant to be a general summary of Laconia Area Community Land Trust Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Laconia Area Community Land Trust Inc, operating under the name Lakes Region Community Developers, is actively working towards creating opportunities for the Lakes Region to thrive. By developing healthy homes, creating vibrant community assets, and engaging residents, they are making a significant impact on the local community. Their focus on providing rental properties and asset management services is contributing to the overall well-being and sustainability of the region. Through their housing initiatives, they are addressing the critical need for affordable and quality housing options for residents in Laconia and the surrounding areas. Their dedication to community development is helping to improve the overall quality of life and foster a sense of belonging among residents.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $33,333
  • Program Service Revenue: $1,235,883
  • Gross Receipts: $2,294,982

    • Assets and Liabilities:
  • Total Assets: $15,130,860
  • Total Liabilities: $4,192,542
  • Net Assets: $10,938,318
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENTAL INCOME

    Revenue

    $895,595

    DEVELOPER FEES

    Revenue

    $312,000

    RESIDENT SERVICE FEES

    Revenue

    $28,288

    Organization Details

    Founding Year

    1988

    Principal Officer

    Carmen Lorentz

    Main Address

    193 COURT STREET, LACONIA, NH, 03246

    NTEE Category

    Code: L200 - Housing

    If you are a representative of Laconia Area Community Land Trust Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.