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LAKES REGION COMMUNITY DEVELOPERS' ("LRCD") MISSION IS TO CREATE OPPORTUNITIES FOR THE LAKES REGION TO THRIVE BY DEVELOPING HEALTHY HOMES, CREATING VIBRANT COMMUNITY ASSETS, AND ENGAGING RESIDENTS.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$4.2M
Program Spending
90%
of total expenses go to program services
Total Contributions
$3M
Total Expenses
▼$2.6M
Total Assets
$18.4M
Total Liabilities
▼$4M
Net Assets
$14.4M
Officer Compensation
→$145K
Other Salaries
$495.8K
Investment Income
$97.1K
Fundraising
▼N/A
Tax Year 2024 · Source: IRS Form 990, Schedule I (Grants and Other Assistance)
Total grants awarded: $432.2K
| Recipient | Location | Amount | Type | Purpose |
|---|---|---|---|---|
BAY STREET APARTMENTS CORP93-4839256 | LACONIA, NH | $432.2K | Cash | REAL ESTATE DEVELOPMENT |
| Total | $432.2K | |||
LACONIA, NH
$432.2K
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$1.5M
Awards Found
6
| Awarding Agency | Description | Amount | Fiscal Year | Period | Link |
|---|---|---|---|---|---|
| Department of Housing and Urban Development | ECONOMIC DEVELOPMENT INITIATIVE, COMMUNITY PROJECT FUNDING, AND MISCELLANEOUS GRANTS | $1M | FY2023 | Feb 2023 – Aug 2031 | Open → |
| Department of Agriculture | CF CONGRESSIONALLY DIRECTED GRANTS | $391K | FY2023 | Aug 2023 – Aug 2025 | Open → |
| Department of Housing and Urban Development | HSNG COUNSEL ASSIST GRANTS | $40K | FY2010 | Nov 2009 – Nov 2009 | Open → |
| Department of Housing and Urban Development | COMPREHENSIVE HSG | $33.5K | FY2009 | Oct 2008 – Aug 2009 | Open → |
| Department of Housing and Urban Development | HOUSING COUNSELING | $25.1K | FY2012 | Apr 2012 – Mar 2013 | Open → |
| Department of Housing and Urban Development | COMPREHENSIVE HSG | $25K | FY2008 | Oct 2007 – Nov 2007 | Open → |
Department of Housing and Urban Development
$1M
ECONOMIC DEVELOPMENT INITIATIVE, COMMUNITY PROJECT FUNDING, AND MISCELLANEOUS GRANTS
Department of Housing and Urban Development
$40K
HSNG COUNSEL ASSIST GRANTS
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
10
Clean Audits
7
Material Weakness
Yes
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2025 | Material Weakness | Unmodified (Clean) | $3.6M | No | 2026-04-21 |
| 2024 | Material Weakness | Unmodified (Clean) | $2.2M | Yes | 2025-04-23 |
| 2023 | Clean | Unmodified (Clean) | $2.3M | Yes | 2024-05-21 |
| 2022 | Clean | Unmodified (Clean) | $2.4M | Yes | 2023-05-16 |
| 2021 | Clean | Unmodified (Clean) | $2M | No | 2022-04-05 |
| 2020 | Clean | Unmodified (Clean) | $3.1M | No | 2021-05-17 |
| 2019 | Material Weakness | Unmodified (Clean) | $3.1M | Yes | 2020-05-21 |
| 2018 | Clean | Unmodified (Clean) | $6.4M | Yes | 2019-04-07 |
| 2017 | Clean | Unmodified (Clean) | $6.3M | No | 2018-05-14 |
| 2016 | Clean | Unmodified (Clean) | $5.6M | No | 2017-06-13 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$3.6M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.3M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.4M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$3.1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$3.1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$6.4M
Financial Report
Unmodified (Clean)
Federal Expenditure
$6.3M
Financial Report
Unmodified (Clean)
Federal Expenditure
$5.6M
Tax Year 2024 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $4.2M | $3M | $2.6M | $18.4M | $14.4M |
| 2023IRS e-File | $3M | $1.9M | $2M | $16.1M | $11.9M |
| 2022 | $2.3M | $1M | $2.1M | $15.1M | $10.9M |
| 2021 | $3.2M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Carmen Lorentz | Executive Director | 45 | $123.8K | $0 | $21.2K | $145K |
| Carrie Duran | Chair | 2 | $0 | $0 | $0 | $0 |
| Lori Borin | Treasurer | 2 | $0 | $0 | $0 | $0 |
| Lisa Mure | Vice Chair | 2 | $0 | $0 | $0 | $0 |
| Reuben Bassett | Secretary | 2 | $0 | $0 | $0 | $0 |
Carmen Lorentz
Executive Director
$145K
Hrs/Wk
45
Compensation
$123.8K
Related Orgs
$0
Other
$21.2K
Carrie Duran
Chair
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Lori Borin
Treasurer
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Lisa Mure
Vice Chair
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Reuben Bassett
Secretary
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Chris Dickinson | Board Member | 2 | $0 | $0 | $0 | $0 |
| Corey Hoyt | Board Member | 2 | $0 | $0 | $0 | $0 |
| Erica Gilbert | Board Member | 2 | $0 | $0 | $0 | $0 |
| Leigh Willey | Board Member | 2 | $0 | $0 | $0 | $0 |
| Patricia Nichols | Board Member | 2 | $0 | $0 | $0 | $0 |
| Tiffany Baert | Board Member |
Chris Dickinson
Board Member
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Corey Hoyt
Board Member
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Erica Gilbert
Board Member
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
| $2M |
| $2M |
| $15.9M |
| $11.7M |
| 2020 | $3.4M | $1.7M | $1.8M | $15M | $10.3M |
| 2019 | $3.4M | $1.9M | $2M | $12.2M | $7.8M |
| 2018 | $3.4M | $1.3M | $2.3M | $13M | $6.7M |
| 2017 | $2M | $562K | $2.1M | $12.5M | $5.8M |
| 2016 | $1.5M | $405.9K | $1.4M | $12.8M | $5.8M |
| 2015 | $1.5M | $650.2K | $1.2M | $8.4M | $5.9M |
| 2014 | $1.9M | $1.2M | $1.1M | $8.6M | $5.9M |
| 2013 | $1.7M | $954.5K | $1M | $7.3M | $5.4M |
| 2012 | $1.1M | $633.2K | $938.8K | $6M | $4.9M |
| 2011 | $1.3M | $932.8K | $923.4K | $6M | $4.9M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |
| 2 |
| $0 |
| $0 |
| $0 |
| $0 |
| Victoria Gilo | Board Member | 2 | $0 | $0 | $0 | $0 |
Leigh Willey
Board Member
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Patricia Nichols
Board Member
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Tiffany Baert
Board Member
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Victoria Gilo
Board Member
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0