2019-11-04T11:10:00-06:00 2018-12-31 450250958 EIDE BAILLY LLP 4310 17TH AVE S PO BOX 2545 FARGO ND 581082545 990 2018-01-01 841247423 Longmont Housing Development Corp LONG 3036518581 1228 Main Street Longmont CO 80501 Jillian Baldwin Executive Director 3036518581 2019-09-19 1 DEB NELSON CPA P01264758 7012398500 2019-09-19 199.247.45.182 2019-09-19 13:02:56 CD P 66CC91E6B7F11C4783FFFA5645E675327CB67316 8A1695DFC6F1F1784F7C0D976CA523FE92018022 2018 2020-01-14 16:20:31Z Jillian Baldwin 1228 Main Street Longmont CO 80501 2819513 0 X www.longmontha.com X 1993 CO Low Income Housing 7 7 0 7 0 0 0 1257405 231543 562108 2612 160000 0 0 234155 1979513 0 108771 0 0 264638 0 0 0 0 274283 251806 538921 360577 -304766 1618936 9857495 12050845 4695381 5313404 5162114 6737441 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 200693 108771 562108 Provide low income housing to residents of Longmont, Colorado, using HUD assistance and guidelines. 200693 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 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 Lori Mora 3036518581 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 Kristin Laubach Director (Jan-Jun) 1.00 2.10 X 0 0 0 Wendell Pickett Director (Jul-Dec) 1.00 2.10 X 0 0 0 Michael Reis Executive Director (Jan-Feb) 2.00 2.20 X 0 0 0 Martha Miller Interim Executive Director (Mar-Sep) 2.00 2.20 X 0 0 0 Jillian Baldwin Executive Director (Sep-Dec) 2.00 2.20 X 0 0 0 0 0 0 0 0 0 0 0 1257405 1257405 Developers Fees 900099 292800 292800 Low Interest Loan Interest 900099 259747 259747 Other Revenue 531110 9561 9561 562108 1000000 840000 160000 160000 160000 1979513 562108 0 160000 108771 108771 150000 150000 424 424 11799 2339 9460 924 924 263 263 27655 27655 26000 26000 3536 3536 16000 16000 1943 1943 HOA Dues 8999 8999 Rehab Program 4176 4176 87 87 360577 200693 159884 0 36029 384305 1736461 1616882 46144 29633 169 3786 822528 3068 2245953 819460 5595085 9004661 197654 192118 9857495 12050845 46697 122009 4648684 5191395 4695381 5313404 X 5162114 6737441 5162114 6737441 9857495 12050845 X 1618936 -43609 X 0 1 X 1 1 1 X 105000 1257405 1362405 105000 1257405 1362405 1362405 1011 386 935 2612 0 4944 1367349 2767109 0.99640 0.94600 X 0 819460 819460 3068 3068 0 819460 Investment in LHM 144897 F Low Interest Note Receivables 8859764 F 9004661 X 1979487 -26 -26 1979513 0 1979513 362537 1960 1960 360577 0 360577 Part X, Line 2: The Corporation is organized as a Colorado nonprofit corporation and has been recognized by the Internal Revenue Service (IRS) as exempt from federal income taxes under Section 501(a) of the Internal Revenue Code as an organization described in Section 501(c)(3). The Corporation is required to file an annual Return of Organization Exempt from Income Tax (Form 990) with the IRS. In addition, the Corporation is subject to income tax on net income that is derived from business activities that are unrelated to their exempt purposes. The Corporation has determined it is not subject to unrelated business income tax and has not filed an Exempt Organization Business Income Tax Return (Form 990-T) with the IRS. 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 XI, Line 2d - Other Adjustments: Elimination of LHM Loss on Sale - Separately Filed Return -26. Part XII, Line 2d - Other Adjustments: Elimination of LHM Expenses - Separately Filed Return 1,960. 1 The Hearthstone at Hover Crossing 1228 Main Street Longmont CO 80501 611623575 501(c)3 23400 To provide affordable housing The Lodge at Hover Crossing 1228 Main Street Longmont CO 80501 208552632 501(c)3 25371 To provide affordable housing The INN Between 340 S Goshen St Salt Lake City UT 84104 472329595 501(c)3 60000 To provide affordable housing 3 0 Part I, Line 2: The board of directors for Longmont Housing Development Corporation is the same as the board for The Hearthstone at Hover Crossing and The Lodge at Hover Crossing. The Inn Between organization partners with organizations related to Longmont Housing Development Corporation on low income housing projects. 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: Curren Year Change in Investment in LHM 1,986. Adjustment to Prior Year Change in Investment -45,595. 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 Crisman Partners LLC 1936 W 33rd Ave Denver CO 80211 811066791 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 195 -382147 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 1 -1746 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1