Laconia Area Community Land Trust Inc

Overview

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.

What it reported doing in 2025

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.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Hybrid. The nonprofit split its reported program spending across 66% for direct work, and 34% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

Nonprofit profile at a glance

EIN
020426348
IRS 990 coverage
2010–2025
Forms available
Form 990 2025
Headquarters
Laconia, NH, USA
Phone
6035240747
Rating
82
Verdict
STRONG
Rating confidence
Standard
Sector
Housing Development, Construction, Management

Official website

The verdict

STRONG - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 71
  • Transparency & Controls: 84
  • Accountability: 100
  • Sustainability: 74
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 56.1%; rating input score 56
  • Program expense ratio: 92.2%; rating input score 92
  • Fundraising efficiency: $67.32 raised per $1 spent on fundraising; rating input score 83; 83rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 42.2%; rating input score 88; 88th percentile among comparable filings
  • Total-asset coverage ratio: 8.52; rating input score 86; 86th percentile among comparable filings
  • Liabilities to assets ratio: 0.26; rating input score 29; 29th percentile among comparable filings
  • Officer compensation ratio: 8.9%; rating input score 37; 37th percentile among comparable filings

Growth

  • Program expense growth: 7.1% per year; rating input score 100; 47th percentile among comparable filings
  • Revenue growth: 8.5% per year; rating input score 100; 60th percentile among comparable filings
  • Asset growth: 8.6% per year; rating input score 100; 53rd percentile among comparable filings

Details

  • Where the money goes: 56.1% of revenue deployed · 92.2% of spending went to programs
  • Governance: 11 of 11 board members independent · 8 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $2.7M in reported program spending
  • Leadership: top reported pay $152K · 13 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $103K reported
  • Consistency: 36 of 36 current checks pass
  • Schedules: 9 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 15 annual filings from 2010 to 2025
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 27 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Leadership & pay

13 people listed

Highest reported compensation

  • CARMEN LORENTZ (EXECUTIVE DIRECTOR): $152,098 total reported compensation
  • KARA LA SALLE (DEVELOPMENT DIRECTOR): $113,486 total reported compensation

Source: IRS Form 990. Selected filing: FY2025.