Landis Quality Living
- Assets
- $2.9m
- Revenue
- $98.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Lititz, PA
- Founding
- 08/2019
- Data as of
- 06/2021
- EIN
- 83-3598754
Organization Overview
Landis Quality Living is located in Lititz, PA. The organization was established in 2019. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Landis Quality Living is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Landis Quality Living generated $98.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (18.7%) each year. All expenses for the organization totaled $258.4k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOUSING TO OLDER ADULTS AND ACCESS TO HOME AND COMMUNITY BASED SERVICES.
Describe the Organization's Program Activity:
LQL OPERATES STEEPLE VIEW LOFTS, WHICH PROVIDES 42 RESIDENTS WITH HOUSING IN THE HEART OF LANCASTER CITY AT AN AFFORDABLE RATE.LQL CURRENTLY HAS THREE PROJECTS UNDER DEVELOPMENT. LANDIS PLACE ON KING WAS APPROVED BY THE LANDIS QUALITY LIVING BOARD IN JUNE OF 2021. THIS NEW PROJECT WILL CONSIST OF, AMONG OTHER THINGS, THE DESIGN, ACQUISITION, CONSTRUCTION AND INSTALLATION OF A SEVEN-STORY MIXED USE BUILDING WITH 79 ONE AND TWO-BEDROOM RESIDENTIAL APARTMENTS, 1,800 SQUARE FEET OF RETAIL SPACE, AND 1,400 SQUARE FEET OF OFFICE SPACE TO BE LOCATED IN THE CITY OF LANCASTER, PENNSYLVANIA. A REVENUE BOND, WITH A PRINCIPAL AMOUNT OF $25,000,000 WAS ISSUED IN 2021 IN ASSOCIATION WITH THIS PROJECT. CONSTRUCTION ON THIS PROJECT BEGAN IN IN THE SUMMER OF 2021 AND IS EXPECTED TO BE COMPLETED IN OCTOBER OF 2022. A TAX CREDIT PROJECT IS CURRENTLY UNDER DEVELOPMENT FOR THE MILLERSVILLE AREA. LQL HOPES TO HAVE A PROJECT READY FOR APPROVAL BY THE PHFA WITHIN THE NEXT TWELVE MONTHS.THE FINAL PROJECT IS A JOINT VENTURE LOCATED IN PENN TOWNSHIP OF LANCASTER COUNTY. LQL HOPES TO HAVE APPROXIMATELY 180 UNITS AVAILABLE WITH THE MIX OF UNITS TARGETING THE LOW TO MIDDLE INCOME RANGES. IN OCTOBER OF 2020, LANDIS QUALITY LIVING BECAME THE SOLE MEMBER OF A RELATED ORGANIZATION, WELSH MOUNTAIN HOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Stuckey Chair | OfficerTrustee | 1 | $0 |
David Hernley Treasurer | OfficerTrustee | 1 | $0 |
Johncey Mathew Vice-Chair | OfficerTrustee | 1 | $0 |
Elizabeth Nissley Secretary | OfficerTrustee | 1 | $0 |
Evon Bergey Executive Director | Officer | 10 | $0 |
Stephanie Kaufman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $60,126 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,126 |
| Total Program Service Revenue | $31,319 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $98,165 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $216,822 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $745 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $23,620 |
| Office expenses | $1,281 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,940 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $258,408 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,806 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,059 |
| Net Land, buildings, and equipment | $2,076,399 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $720,228 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,850,492 |
| Accounts payable and accrued expenses | $376,756 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,789,252 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $667,587 |
| Total liabilities | $2,833,595 |
| Net assets without donor restrictions | -$164,839 |
| Net assets with donor restrictions | $181,736 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,850,492 |
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