Lake Region Half-way Homes Inc is a 501(c)(3) organization based in Fergus Falls, Minnesota, registered in 1979, with $504,760 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$505K
▲ 19.4% vs prior year
Mental Health median: $333K
Expenses (FY2024)
$482K
Net assets
$156K
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Lake Region Half-way Homes Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Lake Region Half-way Homes Inc: 4 mo reserves · +4% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Lake Region Half-way Homes Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Lake Region Half-way Homes Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue declined from $565K (FY2020) to $505K (FY2024) across 5 reported years.
Financial snapshot
Operating margin
4.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$163K
Total liabilities
$7,447
Net assets
$156K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $504,760▲19.4% | $482,091▼3.1% | $155,676▲17.0% | $163,123▼2.8% | 990 |
| 2023 | $422,849▼23.7% | $497,759▼14.6% | $133,007▼36.0% | $167,776▼24.2% | 990 |
| 2022 | $554,117▼4.7% | $583,134▲9.0% | $207,917▼12.2% | $221,352▼12.5% | 990 |
| 2021 | $581,647▲3.0% | $535,215▲3.2% | $236,934▲24.4% | $252,991▲32.3% | 990 |
| 2020 | $564,748 | $518,408 | $190,502 | $191,177 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Lake Region Half-way Homes Inc (EIN 41-1236274) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.