What Lacasa does

Lacasa is a 501(c)(3) nonprofit founded in 1970 and headquartered in Goshen, Indiana, serving Elkhart County through an integrated set of housing and financial stability programs. The organization owns and operates approximately 400 units of affordable rental housing across two physical locations (Goshen HQ and a Downtown Elkhart satellite opened in 2020), and is currently executing a multi-phase buildout of supportive and affordable housing including seven new buildings (groundbroken November 2024), a fourth Lakeview Drive building (2026), and a 6-unit project at 716 E. Lincoln Avenue (May 2026).

Beyond housing, Lacasa delivers HUD-approved financial education (Master It Series, 531 participants in 2025), Individual Development Account matched savings ($216,965 deployed in 2025, $830K+ over 5 years), home repair loans up to $25,000, homeownership assistance up to $15,000, and an auto loan program ($6K–$12K for credit-challenged borrowers) that has been extended into adjacent St. Joseph County. The organization holds a NeighborWorks Exemplary rating (top 5% of the national network), CORES certification, HUD-approved counseling agency status, and 15 consecutive years of clean audits.

Revenue is generated through a combination of affordable rental income, individual and corporate donations (565 donors since 2020, 73% retention, $4.03M total raised), public grants (notably $10M in HOME Grants over 5 years), and program fees. The organization has demonstrated durable counter-cyclical capability, including taking over 107 units during the 2008 Great Recession and running a City of Goshen flood recovery program in 2018. Lacasa's leadership transitioned recently to an interim President/CEO structure (Heidi Stoltzfus McHugh serving as Interim President and CEO while continuing as Chief Impact Officer), with Jeremy Stutsman previously serving as President & CEO.

Name

Lacasa

Legal name

Lacasa, Inc.

Website

https://lacasainc.net

Company type

Private

Founded year

1970

Operating status

Operating

Headcount range

11–50 employees

Short description

Lacasa is a Goshen, Indiana-based 501(c)(3) nonprofit founded in 1970 that provides ~400 units of affordable rental housing plus HUD-approved financial education, matched savings, and lending programs to residents of Elkhart County.

Ownership category

akta.pro rank

Product category

Affordable Housing & Community Development Services

NAICS

Community Housing Services (62422), Other Residential Care Facilities (6239), Other Residential Care Facilities (62399)

SIC

Real Estate Agents & Managers (For Others) (6531), Services-To Dwellings & Other Buildings (7340), Personal Credit Institutions (6141)

akta.pro primary industry

Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans) (FSALAKAF)

akta.pro secondary industries

Down Payment Assistance (DPA) & Homebuyer Subsidy Programs (FSALAKAE), Rural, Tribal & Special-Population Housing Programs (FSALAKAL)

Keywords

• Affordable rental housing
• Financial education classes
• Community development services
• Homeownership assistance
• Matched savings programs

Headquarters

HQ city

Goshen

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Others, Marketing or Sales

Revenue model

1. Rental Income: Revenue from approximately 400 affordable rental units across multiple properties in Goshen and Elkhart, Indiana.
2. Public Funding and Grants: State and federal grants including HOME grants, CDBG funds, IHCDA funding for housing development and preservation.
3. Donations and Sponsorships: Private donations from individuals and corporate sponsorships at various levels (Diamond, Platinum, Gold, Silver, Bronze) providing flexible funding for operations.
4. Program Fees: Modest fees for programs such as Dream$avers ($199) and Auto Loans ($199 at funding), helping cover administrative costs.
5. IDA Program Administration: Individual Development Account program administration with $830,000+ invested in the community over 5 years.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels7 records

Core offering

Lacasa operates approximately 400 affordable rental housing units across Goshen and Elkhart, Indiana, paired with HUD-certified financial education (Master It Series), the Dream$avers Individual Development Account (IDA) matched savings program, homeownership assistance, Help-A-House zero-interest home repair loans, Auto Loans ($6,000-$12,000) for credit-challenged borrowers, community building and engagement services, and permanent supportive housing with case management.

Product overview

Lacasa is a nonprofit community development organization offering an integrated portfolio of housing and financial empowerment services. The core offerings include approximately 400 affordable rental units across Goshen and Elkhart (The Hawks, The Hattle, The Shoots, Roosevelt Center, Watertower Place, Arbor Ridge, and others), paired with financial programs such as the Dream$avers Matched Savings Program (IDA), Help-A-House home repair loans, Homeownership Assistance (up to $15,000 down payment assistance), and Auto Loans by Lacasa ($6K-$12K vehicle financing). Financial education is delivered through the Master It Series of free HUD-certified classes covering budgeting, credit, debt, homeownership, and investing. Community Building & Engagement and Supportive Housing services round out the portfolio, creating a coordinated system addressing housing stability, financial capability, and neighborhood vitality.

Differentiator

Problem solved

Functional benefit

Products and services

• Affordable Rental Housing Professionally managed affordable rental apartments across Goshen and Elkhart, Indiana, including properties such as The Hawks, The Hattle, The Shoots, Roosevelt Center, Watertower Place, Arbor Ridge, and various single-family homes and multi-family units ranging from efficiency to 3-bedroom apartments. Section 8 vouchers accepted at most units.
• Homeownership Assistance Program Provides up to $15,000 in down payment assistance for purchasing a home in the City of Goshen or Elkhart, with personalized coaching through the home-buying process including credit building, lender navigation, and closing support. Homes must be built 1979 or later.
• Dream$avers Matched Savings Program Individual Development Account (IDA) program that matches participant savings up to $4,500 (for a total of $6,000) for purchases of homes, vehicles, education, or essential home repairs. Includes one-on-one financial coaching and has invested $830,000+ in the community over 5 years.
• Help-A-House Program Zero-interest home repair loan program for low-to-medium income homeowners in the City of Goshen, covering up to $25,000 for essential repairs such as roofs, furnaces, and plumbing. Repayment deferred until home sale or move.
• Auto Loans by Lacasa Vehicle financing program offering fixed-rate loans of $6,000-$12,000 with a 14% interest rate for employed Indiana residents with credit scores at or below 600 and household income at or below $71,900. Includes one-on-one HUD-certified financial coaching. Loan servicing handled by Interra Credit Union.
• Master It Financial Classes Free HUD-certified financial education series including Master Your Money, Master Your Credit, Master Your Debt, Master Homeownership, and mini Master Investing 101. Classes available in English and Spanish, taught in-person and via Zoom. Over 2,100 Master It Series graduates in the last 5 years.
• Community Building & Engagement NeighborWorks-supported community engagement services including resident outreach, surveys, listening sessions, and neighborhood planning. Helps cities, developers, and organizations gather authentic community input for planning and development projects. Has engaged 10+ cities, neighborhoods, and community partners over 25+ years.
• Supportive Housing Permanent supportive housing with on-site services for individuals facing different life circumstances, including young adults aging out of foster care and individuals needing mental health or recovery support. Partners with Oaklawn Psychiatric Center and Bashor Children's Home. 79 supportive apartments operated since 2011.

Quantifiable outcome

• 531 individuals educated in 2025
• +4 more outcomes

Named customers3 records

Segments7 records

Ideal customer profiles7 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core and minor.

• NeighborWorks AmericacoreStrategic or Co-development PartnerLacasa is a chartered member of NeighborWorks America, a national network supporting community development. The partnership provides access to training, resources, community impact measurement tools, and the Community Leadership Institute. Lacasa participates in the Community Experience Survey program and Dorothy Richardson Award recognition.
• City of GoshencoreStrategic or Co-development PartnerDiamond-level sponsor and strategic partner. City of Goshen works with Lacasa on housing development and revitalization projects. The Help-A-House program was developed in coordination with the City of Goshen.
• Oaklawn Psychiatric CentercoreStrategic or Co-development PartnerCommunity partner providing mental health support services to residents in Lacasa's supportive housing properties.
• Bashor Children's HomecoreStrategic or Co-development PartnerCommunity partner providing supportive services for young adults in Lacasa's housing properties.
• Goodwill Industries of MichianaminorStrategic or Co-development PartnerPartnership with Goodwill Academy's Automotive Service Training program to connect participants with transportation support programs and financial coaching.
• Interra Credit UnioncoreChannel Partner/ Reseller/ DistributorLoan servicing partner for Lacasa's Auto Loan Program, providing professional management of loan repayments for eligible borrowers.
• Everence Federal Credit UnionminorStrategic or Co-development PartnerFinancial partner offering Financial Empowerment Loans for Master It Series participants who complete Master Your Money and Master Your Debt or Credit.

Scale indicators20 records

Recent moves12 records

Expansion highlights6 records

Direct peers

• Self-Help Credit Union: Mission-driven CDFI credit union offering responsible auto loans, mortgages, and small business lending to underserved borrowers, paired with financial counseling. Highly comparable to Lacasa's Auto Loan program and Dream$avers model in lending to credit-challenged Indiana residents with HUD-style counseling.
• Hope Enterprise Corporation / Hope Credit Union: Deep South CDFI combining community development lending, housing finance, and financial counseling for low-wealth communities. Comparable mixed-model nonprofit delivering housing plus targeted consumer credit (auto, small dollar) products to underbanked populations similar to Lacasa's borrower base.
• Habitat for Humanity: National affordable housing nonprofit with local affiliates that build, repair, and finance homes for low-income families, often paired with homebuyer education. Directly comparable to Lacasa's housing-plus-financial-coaching model, including home repair (A Brush with Kindness) and homeownership pathways.

Others

• Interra Credit Union: Indiana-headquartered financial partner of Lacasa that services its Auto Loan program and offers mortgage products with down payment assistance. Comparable as a regional credit union pairing consumer lending with housing finance products targeted at low/moderate income members in northern Indiana.
• Indiana Housing and Community Development Authority (IHCDA): State housing finance agency that funds Lacasa's affordable rental developments (e.g., the 716 E. Lincoln Ave project) and administers LIHTC and HOME programs across Indiana. Comparable as an enabler/funder whose programs define the operating environment in which Lacasa develops housing.
• NeighborWorks America: National network of which Lacasa is a chartered member. NeighborWorks sets standards, provides training and grants, and represents the broader cohort of community development nonprofits operating affordable housing, financial coaching, and community building programs comparable to Lacasa's portfolio.

Regional players

• Brightpoint: Indiana-based Community Action Agency providing housing assistance, financial education, Head Start, and energy services across northern Indiana. Directly comparable to Lacasa's mix of housing counseling, financial empowerment, and community programs serving similar Indiana populations, though operating across a broader regional footprint.
• Prosperity Indiana: Statewide network of community development organizations and CDCs operating across Indiana. Comparable as a peer association representing organizations like Lacasa that combine affordable housing, financial coaching, and community engagement in Indiana communities.

Broad incumbents

• Enterprise Community Partners: National nonprofit that develops and preserves affordable housing and partners with local organizations on community development. Comparable to Lacasa's mission of integrating housing, financial coaching, and neighborhood revitalization, but at a much larger multi-state scale.
• Local Initiatives Support Corporation (LISC): Large national community development financial institution (CDFI) that finances affordable housing, small businesses, and community facilities. Comparable to Lacasa in combining housing development with financial empowerment and community development services, but operating at significantly greater national scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/lacasainc

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lacasa