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LONGMONT HOUSING DEVELOPMENT CORPORATION: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
LONGMONT HOUSING DEVELOPMENT CORPORATION (EIN 84-1247423)
Tax period
2017-01-01 to 2017-12-31
Filed
2018-07-10
IRS object ID
201841919349300804
Schema version
2017v2.3
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2018-07-10T08:16:01-05:00ReturnTs
Tax Period End2017-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN450250958PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1EIDE BAILLY LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line14310 17TH AVE S PO BOX 2545AddressLine1Txt
CityFARGOCityNm
State AbbreviationNDStateAbbreviationCd
ZIP581082545ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2017-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN841247423EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Longmont Housing Development CorpBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLONGBusinessNameControlTxt
Phone3036518581PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11228 Main StreetAddressLine1Txt
CityLongmontCityNm
State AbbreviationCOStateAbbreviationCd
ZIP80501ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDebby ParisPersonNm
Person TitlePresidentPersonTitleTxt
Phone3036518581PhoneNum
Signature2018-07-05SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLISA CHAFFEE CPAPreparerPersonNm
PTINP00193453PTIN
Phone7012398500PhoneNum
Preparation2018-06-27PreparationDt
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerLora MoraPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11228 Main StreetAddressLine1Txt
CityLongmontCityNm
State AbbreviationCOStateAbbreviationCd
ZIP80501ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$234,155GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.longmontha.comWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1993FormationYr
Legal Domicile StateCOLegalDomicileStateCd
Activity Or MissionLow Income HousingActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers7TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$1,063,666PYProgramServiceRevenueAmt
CY Program Service Revenue$231,543CYProgramServiceRevenueAmt
PY Investment Income$2,049,831PYInvestmentIncomeAmt
CY Investment Income$2,612CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$3,113,497PYTotalRevenueAmt
CY Total Revenue$234,155CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$180,301PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$264,638CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$60,641CYTotalFundraisingExpenseAmt
PY Other Expenses$344,908PYOtherExpensesAmt
CY Other Expenses$274,283CYOtherExpensesAmt
PY Total Expenses$525,209PYTotalExpensesAmt
CY Total Expenses$538,921CYTotalExpensesAmt
PY Revenues Less Expenses$2,588,288PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$304,766CYRevenuesLessExpensesAmt
Total Assets BOY$10,290,759TotalAssetsBOYAmt
Total Assets EOY$9,857,495TotalAssetsEOYAmt
Total Liabilities BOY$4,852,984TotalLiabilitiesBOYAmt
Total Liabilities EOY$4,695,381TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$5,437,775NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$5,162,114NetAssetsOrFundBalancesEOYAmt
MissionTo provide housing and related services to low and moderate income families, elderly and disabled households and to relieve the community of substandard housing.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$245,205ExpenseAmt
Revenue$231,543RevenueAmt
DescProvide low income housing to residents of Longmont, Colorado, using HUD assistance and guidelines.Desc
Total Program Service Expenses$245,205TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related InvstYes (1)ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control Ent0TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of Committees0MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint VentureYes (1)InvestmentInJointVentureInd
Written Policy Or Procedure0WrittenPolicyOrProcedureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Lori MoraBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3036518581PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11228 Main StreetAddressLine1Txt
CityLongmontCityNm
State AbbreviationCOStateAbbreviationCd
ZIP80501ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
Debby Paris
President1.002.10Yes (X)Yes (X)$0$0$0
Richard Siceloff
Vice President1.002.10Yes (X)Yes (X)$0$0$0
Darrell L Beck Jr
Director1.002.10Yes (X)$0$0$0
Thaxter Williams
Director1.002.10Yes (X)$0$0$0
Donna Lionberger
Director1.002.10Yes (X)$0$0$0
Kristin Laubach
Director1.002.10Yes (X)$0$0$0
Stephan Morgan
Director1.002.10Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
Low Interest Loan Inte900099$182,420$182,420
Other Revenue531110$49,123$49,123
FieldValueIRS element (for citing)
Total Program Service Revenue$231,543TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,612TotalRevenueColumnAmt
Exclusion$2,612ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$234,155TotalRevenueColumnAmt
Related Or Exempt Func Income$231,543RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$2,612ExclusionAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$201,445TotalAmt
Program Services$119,825ProgramServicesAmt
Management And General$34,739ManagementAndGeneralAmt
Fundraising$46,881FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$28,969TotalAmt
Program Services$16,746ProgramServicesAmt
Management And General$5,475ManagementAndGeneralAmt
Fundraising$6,748FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$31,347TotalAmt
Program Services$15,740ProgramServicesAmt
Management And General$9,265ManagementAndGeneralAmt
Fundraising$6,342FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$2,877TotalAmt
Program Services$1,663ProgramServicesAmt
Management And General$544ManagementAndGeneralAmt
Fundraising$670FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$150,000TotalAmt
Management And General$150,000ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$17,972TotalAmt
Management And General$17,972ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$16,259TotalAmt
Program Services$1,179ProgramServicesAmt
Management And General$15,080ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$6,509TotalAmt
Program Services$6,509ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$1,796TotalAmt
Program Services$1,796ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$9,577TotalAmt
Program Services$9,577ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$26,840TotalAmt
Program Services$26,840ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$13,418TotalAmt
Program Services$13,418ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$16,000TotalAmt
Program Services$16,000ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$4,161TotalAmt
Program Services$4,161ProgramServicesAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
HOA Dues$6,749$6,749
Rehab Program$3,897$3,897

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$1,105TotalAmt
Program Services$1,105ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$538,921TotalAmt
Program Services$245,205ProgramServicesAmt
Management And General$233,075ManagementAndGeneralAmt
Fundraising$60,641FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$19,213BOYAmt
EOY$36,029EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,728,834BOYAmt
EOY$1,736,461EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,031,302BOYAmt
EOY$46,144EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$5,289BOYAmt
EOY$169EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$2,249,021LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$3,068LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$1,873,425BOYAmt
EOY$2,245,953EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$5,485,227BOYAmt
EOY$5,595,085EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$147,469BOYAmt
EOY$197,654EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$10,290,759BOYAmt
EOY$9,857,495EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$152,984BOYAmt
EOY$46,697EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$4,700,000BOYAmt
EOY$4,648,684EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$4,852,984BOYAmt
EOY$4,695,381EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$5,437,775BOYAmt
EOY$5,162,114EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,437,775BOYAmt
EOY$5,162,114EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$10,290,759BOYAmt
EOY$9,857,495EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$304,766ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$29,105OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$13,354CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$105,000CurrentTaxYearMinus3YearsAmt
Total$118,354TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$13,354CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$105,000CurrentTaxYearMinus3YearsAmt
Total$118,354TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$118,354PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,814CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,011CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$386CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$935CurrentTaxYearMinus1YearAmt
Current Tax Year$2,612CurrentTaxYearAmt
Total$6,758TotalAmt
FieldValueIRS element (for citing)
Total Support$125,112TotalSupportAmt
Gross Receipts Rltd Activities$2,489,522GrossReceiptsRltdActivitiesAmt
Public Support CY1700.94600PublicSupportCY170Pct
Public Support PY1700.57350PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Agent Trustee Etc0AgentTrusteeEtcInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,659,460OtherCostOrOtherBasisAmt
Book Value$1,659,460BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,068OtherCostOrOtherBasisAmt
Depreciation$3,068DepreciationAmt
Book Value$0BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$586,493InvestmentCostOrOtherBasisAmt
Book Value$586,493BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$2,245,953TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp (2 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
Investment in LHM$188,506F
Low Interest Note Receivables$5,406,579F
FieldValueIRS element (for citing)
Total Book Value Program Rltd$5,595,085TotalBookValueProgramRltdAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$190,814TotalRevEtcAuditedFinclStmtAmt
Other Revenue-$43,341OtherRevenueAmt
Revenue Not Reported-$43,341RevenueNotReportedAmt
Revenue Subtotal$234,155RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$234,155TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$540,955TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$2,034OtherExpensesIncludedAmt
Expenses Not Reported$2,034ExpensesNotReportedAmt
Expenses Subtotal$538,921ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$538,921TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
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 Revenue/Transfer Out - Separately Filed Return -43,341.
Part XII, Line 2d - Other Adjustments:Elimination of LHM Expenses - Separately Filed Return 2,034.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section A, line 2The 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 3Longmont 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 8bThere are no committees that are able to act on behalf of the board.
Form 990, Part VI, Section B, line 11bManagement 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 12cThe 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 15The organization does not compensate or employ individuals.
Form 990, Part VI, Section C, line 19The 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 29,105.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationInd
The Hearthstone at Hover Crossing
1228 Main StreetLongmontCO80501611623575Low Income HousingCO501(c)(3)Line 10Longmont Housing Development CorpYes (1)
The Lodge at Hover Crossing
1228 Main StreetLongmontCO80501208552632Low Income HousingCO501(c)(3)Line 10Longmont Housing Development CorpYes (1)

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdDirect Controlling NADirectControllingNACd
Spring Creek Apartments LLLP
1228 Main StLongmontCO80501472925872Real EstateCON/A
Aspen Meadows Associates LLLP
1228 Main StLongmontCO80501841588763Real EstateCON/A
Village Place Associates LLLP
1228 Main StLongmontCO80501205545571Real EstateCON/A
Crisman Partners LLC
1936 W 33rd AveDenverCO80211811066791Real EstateCON/A

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtEntity TypeEntityTypeTxtShare Of EOY AssetsShareOfEOYAssetsAmtOwnershipOwnershipPctControlled OrganizationControlledOrganizationIndShare Of Total IncomeShareOfTotalIncomeAmt
Longmont Housing Management Inc
1228 Main StLongmontCO80501841600210Real Estate ManagementCOLongmont Housing Development CorpC-$233,6401.00000Yes (1)
Prairie Village Management LLC
1228 Main StLongmontCO80501473003351Low Income HousingCOLongmont Housing Development CorpC-$711.00000Yes (1)
Crisman Development LLC
1228 Main StLongmontCO80501812497640Low Income HousingCOLongmont Housing Development CorpC-$8071.000000$5
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (1)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (1)ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other OrgYes (1)TransferFromOtherOrgInd

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