2020-11-11T14:20:01-06:00 2019-12-31 450250958 Eide Bailly LLP 1730 Burnt Boat Loop Ste 100 Bismarck ND 585030886 990 2019-01-01 841247423 Longmont Housing Development Corp LONG 3036518581 1228 Main Street Longmont CO 80501 Harold Dominguez Current Executive Director 3036518581 2020-10-29 1 Lisa Chaffee CPA P00193453 7012551091 2020-10-29 63.157.104.106 2020-10-29 08:55:43 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A811CF8893E1B4219ADB7F64CB4C7CC50D64E4A6 2019 2021-01-29 14:40:06Z Harold Dominguez 1228 Main Street Longmont CO 80501 2827695 0 X www.longmontha.com X 1993 CO Low Income Housing 7 7 0 7 0 0 1257405 1221876 562108 1605819 160000 0 0 0 1979513 2827695 108771 0 0 0 0 25585 0 0 0 251806 232527 360577 258112 1618936 2569583 12050845 14496946 5313404 5194458 6737441 9302488 To provide housing and related services to low and moderate income families, elderly and disabled households and to relieve the community of substandard housing. 0 0 62217 1605819 Provide low income housing to residents of Longmont, Colorado, using HUD assistance and guidelines. 62217 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 7 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 1 1 0 0 0 0 0 1 0 0 0 1 1 1 1 0 1 0 0 1 0 X Deeann Hanson 3036518670 1228 Main Street Longmont CO 80501 X Debby Paris President 1.00 2.10 X X 0 0 0 Richard Siceloff Vice President 1.00 2.10 X X 0 0 0 Darrell L Beck Jr Director 1.00 2.10 X 0 0 0 Thaxter Williams Director 1.00 2.10 X 0 0 0 Donna Lionberger Director 1.00 2.10 X 0 0 0 Stephen Morgan Director 1.00 2.10 X 0 0 0 Wendell Pickett Director 1.00 2.10 X 0 0 0 Jillian Baldwin Executive Director 2.00 2.20 X 0 0 0 0 0 0 0 0 0 0 0 1221876 1221876 Developer Fees 900099 1171200 1171200 Low Interest Loan Inte 900099 434619 434619 1605819 2827695 1605819 0 0 21836 21836 3749 3749 150000 150000 5092 5092 18335 3117 15218 650 650 26000 26000 2184 2184 16000 16000 4170 4170 HOA Dues 8999 8999 Resident Activities & S 887 887 Membership Fees 210 210 258112 62217 195895 0 384305 25545 1616882 1683335 29633 1342236 3786 6100 822528 3068 819460 819460 9004661 10485622 192118 134648 12050845 14496946 122009 80037 5191395 5114421 5313404 5194458 X 6737441 9302488 6737441 9302488 12050845 14496946 X 2569583 -4536 X 0 1 X 1 1 1 X 1257405 1221876 2479281 1257405 1221876 2479281 2479281 386 935 2612 3933 2483214 4214006 0.99840 0.99640 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 819460 819460 3068 3068 0 819460 Investment in LHM 140361 F Low Interest Note Receivables 10345261 F 10485622 X 2827695 0 2827695 0 2827695 258896 784 784 258112 0 258112 Part X, Line 2: The Corporation believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The entity would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. Part XII, Line 2d - Other Adjustments: Elimination of LHM Expenses - Separately Filed Return 784. Form 990, Part VI, Section A, line 2 The Board members all have a business relationship with each other as they all serve on the Board of the related for profit organization Longmont Housing Management Inc. Form 990, Part VI, Section A, line 3 Longmont Housing Authority (LHA) is the management company for Longmont Housing Development Corporation (LHDC). LHDC paid the management company $150,000 to provide corporate management services for accounting and operations. The corporate management fee is determined annually in the board approved budget. Form 990, Part VI, Section A, line 8b There are no committees that are able to act on behalf of the board. Form 990, Part VI, Section B, line 11b Management reviewed the Form 990 and provided a copy to the Board of Directors before filing with the IRS. Form 990, Part VI, Section B, line 12c The Board Members review and sign off on the conflict of interest policy annually indicating they do not have conflicts. If they have a conflict they cannot serve on the Board of Directors. The disclosures are filed with LHA. Form 990, Part VI, Section B, line 15 The organization does not compensate or employ individuals. Form 990, Part VI, Section C, line 19 The organization made its governing documents, conflict of interest policy, and financial statements available to the public upon request during the tax year. Form 990, Part XI, line 9: Change in Investment in LHM -784. Reversal of Prior Year 990 Net Asset Entry -3,752. The Hearthstone at Hover Crossing 1228 Main Street Longmont CO 80501 611623575 Low Income Housing CO 501(c)(3) Line 10 Longmont Housing Development Corp 1 The Lodge at Hover Crossing 1228 Main Street Longmont CO 80501 208552632 Low Income Housing CO 501(c)(3) Line 10 Longmont Housing Development Corp 1 Spring Creek Apartments LLLP 1228 Main St Longmont CO 80501 472925872 Real Estate CO N/A Aspen Meadows Associates LLLP 1228 Main St Longmont CO 80501 841588763 Real Estate CO N/A Village Place Associates LLLP 1228 Main St Longmont CO 80501 205545571 Real Estate CO N/A Fall River Apartments LLLP 1228 Main St Longmont CO 80501 823483356 Real Estate CO N/A Longmont Housing Management Inc 1228 Main St Longmont CO 80501 841600210 Real Estate Management CO Longmont Housing Development Corp C 2452 142341 1.00000 1 Prairie Village Management LLC 1228 Main St Longmont CO 80501 473003351 Low Income Housing CO Longmont Housing Development Corp C 828582 1.00000 1 Crisman Development LLC 1228 Main St Longmont CO 80501 812497640 Low Income Housing CO Longmont Housing Development Corp C 31056 29310 1.00000 1 Fall River GP LLC 1228 Main St Longmont CO 80501 823476293 Low Income Housing CO Longmont Housing Development Corp C -44 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Schedule R, Sec 168(h)(6)(F)(ii) New 100% wholly owned C Corp in 2019: STATEMENT OF ELECTION UNDER INTERNAL REVENUE CODE SECTION 168(h)(6)(F)(ii) Name of Taxpayer: Fall River GP LLC Address of Taxpayer: 1228 Main Street, Longmont, CO 80501 Taxpayer Identification Number: 82-3476293 Purpose of Election: The election pursuant to Section 168(h)(6)(F)(ii) may be made by an entity that is a tax-exempt controlled entity. Generally, an entity is a tax-exempt controlled entity if it is a corporation which is not tax-exempt and if 50% or more of the stock of such corporation is owned by one or more tax-exempt entities. An entity making the election pursuant to Section 168(h)(6)(F)(ii) shall not be treated as a tax-exempt entity for purposes of Internal Revenue Code Sections 168(h)(5) and 168(h)(6). Any gain recognized by a tax-exempt entity on any disposition of an interest in such entity (and any dividend or interest received or accrued by a tax-exempt entity from such tax-exempt controlled entity) will be treated as unrelated business taxable income. The purpose of this election is to treat Fall River GP LLC's allocable share of depreciable property owned by the partnership in which Fall River GP LLC has an investment as property which is not tax-exempt use property. Fall River GP LLC is entitled to make such election because it is a corporation or has elected to be treated for federal tax purposes as an association which is taxable as a corporation and is 100% owned by Longmont Housing Development Corporation. Fall River GP LLC hereby elects pursuant to Internal Revenue Code Section 168(h)(6)(F)(ii) not to be treated as a tax-exempt entity for purposes of applying the rules in Internal Revenue Code Sections 168(h)(5) and 168(h)(6). The tax-exempt status of Longmont Housing Development Corporation is not affected by this Statement of Election. Applicable Period: This Statement of Election is effective beginning with the taxable year ending December 31, 2019.