Lasalle Park Homes Ii Inc
Lasalle Park Homes Ii Inc consistently operates with expenses exceeding revenue, drawing down assets over time.
EIN: 200646982 · South Bend, IN · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $345K |
| Total Expenses | $376K |
| Program Spending | 85% |
| Net Assets | $-1,350,290 |
| Transparency Score | 75/100 |
Is Lasalle Park Homes Ii Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lasalle Park Homes Ii Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lasalle Park Homes Ii Inc
Lasalle Park Homes Ii Inc (EIN: 200646982) is a nonprofit organization based in South Bend, IN, classified under NTEE code L21. The organization reported total revenue of $345K and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lasalle Park Homes Ii Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lasalle Park Homes Ii Inc is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $308K |
| Total Expenses | $376K |
| Surplus / Deficit | $-67,755 |
| Total Assets | $1.8M |
| Total Liabilities | $3.1M |
| Net Assets | $-1,350,290 |
| Operating Margin | -22.0% |
| Debt-to-Asset Ratio | 176.1% |
| Months of Reserves | 56.6 months |
Financial Health Grade: C
In 2023, Lasalle Park Homes Ii Inc reported a deficit of $68K with expenses exceeding revenue, holds 56.6 months of operating reserves (strong position), has a debt-to-asset ratio of 176.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lasalle Park Homes Ii Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.1% | +2.1% | -3.1% |
| 2022 | +7.0% | +3.9% | -2.9% |
| 2021 | +2.9% | -1.7% | -3.7% |
| 2020 | -1.9% | +8.5% | -3.4% |
| 2019 | +1.8% | +1.5% | -3.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lasalle Park Homes Ii Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Lasalle Park Homes Ii Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $68K, with expenses exceeding revenue.
- Debt-to-asset ratio: 176.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive compensation directly from the organization, which is highly favorable for resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Lasalle Park Homes Ii Inc's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue) over multiple years, e.g., $376,187 expenses vs. $308,432 revenue in 2023.
- Gradual but consistent decline in total assets over the past decade, from $2,350,625 in 2014 to $1,773,682 in 2023.
Strengths
The following positive indicators were identified for Lasalle Park Homes Ii Inc:
- Zero officer compensation reported across all filings, indicating efficient use of funds for mission.
- Consistent IRS 990 filing history (13 filings), demonstrating good transparency and compliance.
- Stable revenue stream, albeit slightly lower than expenses, suggesting a consistent operational model.
Frequently Asked Questions about Lasalle Park Homes Ii Inc
Is Lasalle Park Homes Ii Inc a legitimate charity?
Lasalle Park Homes Ii Inc (EIN: 200646982) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $345K. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Lasalle Park Homes Ii Inc spend its money?
Lasalle Park Homes Ii Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lasalle Park Homes Ii Inc tax-deductible?
Lasalle Park Homes Ii Inc is registered as a tax-exempt nonprofit (EIN: 200646982). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lasalle Park Homes Ii Inc's spending goes to programs?
Lasalle Park Homes Ii Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lasalle Park Homes Ii Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Lasalle Park Homes Ii Inc is above average for NTEE category L21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lasalle Park Homes Ii Inc located?
Lasalle Park Homes Ii Inc is headquartered in South Bend, Indiana and files with the IRS under EIN 200646982. It is classified under NTEE code L21.
How many years of IRS 990 filings does Lasalle Park Homes Ii Inc have?
Lasalle Park Homes Ii Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $345K in total revenue.
How does Lasalle Park Homes Ii Inc cover its consistent operating deficits?
The organization consistently reports expenses exceeding revenue (e.g., $376,187 expenses vs. $308,432 revenue in 2023). This suggests they are either drawing down existing assets, utilizing reserves, or receiving non-revenue contributions not detailed in the summary data provided.
What is the long-term plan for the declining asset base?
Assets have decreased from $2,350,625 in 2014 to $1,773,682 in 2023. While this decline is gradual, understanding if this is due to depreciation of housing assets, planned divestment, or unsustainable spending is crucial for long-term viability.
What are the specific program activities funded by the organization?
The NTEE code L21 suggests 'Housing Development, Construction & Management'. Further details on specific programs, such as types of housing, target populations, and services provided, would offer greater insight into their impact.
Filing History
IRS 990 filing history for Lasalle Park Homes Ii Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lasalle Park Homes Ii Inc's revenue has grown by 48.3%, moving from $208K to $308K. Total assets decreased by 32.1% over the same period, from $2.6M to $1.8M. Total functional expenses rose by 33%, from $283K to $376K. In its most recent filing year (2023), Lasalle Park Homes Ii Inc reported a deficit of $68K, with expenses exceeding revenue. The organization holds $3.1M in liabilities against $1.8M in assets (debt-to-asset ratio: 176.1%), resulting in net assets of $-1,350,290.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $308K | $376K | $1.8M | $3.1M | — | — |
| 2022 | $302K | $369K | $1.8M | $3.1M | — | View 990 |
| 2021 | $282K | $355K | $1.9M | $3.1M | — | View 990 |
| 2020 | $275K | $361K | $2.0M | $3.1M | — | View 990 |
| 2019 | $280K | $333K | $2.0M | $3.1M | — | View 990 |
| 2018 | $275K | $328K | $2.1M | $3.1M | — | View 990 |
| 2017 | $272K | $333K | $2.1M | $3.1M | — | View 990 |
| 2016 | $245K | $301K | $2.2M | $3.1M | — | View 990 |
| 2015 | $224K | $322K | $2.3M | $3.1M | — | View 990 |
| 2014 | $211K | $300K | $2.4M | $3.1M | — | View 990 |
| 2013 | $206K | $315K | $2.4M | $3.1M | — | View 990 |
| 2012 | $205K | $280K | $2.5M | $3.1M | — | View 990 |
| 2011 | $208K | $283K | $2.6M | $3.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $308K, expenses of $376K, and assets of $1.8M (revenue +2.1% year-over-year).
- 2022: Revenue of $302K, expenses of $369K, and assets of $1.8M (revenue +7.0% year-over-year).
- 2021: Revenue of $282K, expenses of $355K, and assets of $1.9M (revenue +2.9% year-over-year).
- 2020: Revenue of $275K, expenses of $361K, and assets of $2.0M (revenue -1.9% year-over-year).
- 2019: Revenue of $280K, expenses of $333K, and assets of $2.0M (revenue +1.8% year-over-year).
- 2018: Revenue of $275K, expenses of $328K, and assets of $2.1M (revenue +0.9% year-over-year).
- 2017: Revenue of $272K, expenses of $333K, and assets of $2.1M (revenue +10.9% year-over-year).
- 2016: Revenue of $245K, expenses of $301K, and assets of $2.2M (revenue +9.6% year-over-year).
- 2015: Revenue of $224K, expenses of $322K, and assets of $2.3M (revenue +5.9% year-over-year).
- 2014: Revenue of $211K, expenses of $300K, and assets of $2.4M (revenue +2.5% year-over-year).
- 2013: Revenue of $206K, expenses of $315K, and assets of $2.4M (revenue +0.8% year-over-year).
- 2012: Revenue of $205K, expenses of $280K, and assets of $2.5M (revenue -1.5% year-over-year).
- 2011: Revenue of $208K, expenses of $283K, and assets of $2.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lasalle Park Homes Ii Inc:
Data Sources and Methodology
This transparency report for Lasalle Park Homes Ii Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.