2016-10-24T09:38:08-05:00 2015-12-31 450250958 EIDE BAILLY LLP 4310 17TH AVE S PO BOX 2545 FARGO ND 581082545 990 2015-01-01 841247423 Longmont Housing Development Corp LONG 3036518581 1228 Main Street Longmont CO 80501 Debby Paris President 3036518581 2016-10-20 1 LISA CHAFFEE CPA P00193453 7012398500 2016-10-20 2015 2017-02-10 21:41:12Z Michael Reis 1228 Main Street Longmont CO 80501 1464104 0 X www.longmontha.com X 1993 CO Low Income Housing 7 7 0 7 0 0 105000 0 158920 493450 1012 108173 0 0 264932 601623 0 23723 0 0 64422 148766 0 0 0 288379 315901 352801 488390 -87869 113233 3633274 6731416 864884 3881929 2768390 2849487 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 209189 23723 493450 Provide low income housing to residents of Longmont, Colorado, using HUD assistance and guidelines. 209189 1 0 0 0 0 0 0 0 1 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 1 8 0 1 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 Cyril Vidergar Vice President 1.00 2.10 X X 0 0 0 Darrell L Beck Jr Director 1.00 2.10 X 0 0 0 Richard Siceloff Director 1.00 2.10 X 0 0 0 Dan Benavidez Director 1.00 2.10 X 0 0 0 Tom Cobb Director 1.00 2.10 X 0 0 0 Kristin Laubach Director 1.00 2.10 X 0 0 0 0 0 0 0 0 0 0 0 Developer Fees 531110 282744 282744 PS Rental Revenue 531110 156442 156442 Other Revenue 531110 54264 54264 493450 48173 48173 922481 862481 60000 60000 60000 601623 493450 0 108173 23723 23723 119880 119880 15789 15789 11366 11366 1731 1731 115925 115925 715 715 13755 13755 30861 30861 920 920 7805 7805 56906 56906 8719 8719 30717 30717 14582 14582 5321 5321 Critical Housing Opport 14051 14051 Rehab Program 6428 6428 9196 9156 40 488390 209189 279201 0 80465 542476 268571 269863 278914 74172 5896 2395632 517116 2274068 1878516 731256 3952988 0 7505 3633274 6731416 29730 77809 8050 9045 578234 3795075 248870 864884 3881929 X 2768390 2849487 2768390 2849487 3633274 6731416 X 113233 -32136 X 0 1 X 1 1 1 X 64688 273513 13354 105000 456555 64688 273513 13354 105000 456555 456555 39416 12064 17690 1012 48173 118355 574910 1530138 0.79410 0.89260 X 0 1 X 1833460 1833460 521705 514048 7657 9082 3068 6014 31385 31385 1878516 Investment in LHM 159401 F Low Interest Note Receivables 3793587 F 3952988 X 601623 0 601623 0 601623 490200 1810 1810 488390 0 488390 Part IV, Line 2b: The organization holds tenant security deposits. 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 XII, Line 2d - Other Adjustments: Expenses of LHMI included in Expenses of Consolidated Financials 1,810. 1 The Hearthstone at Hover Crossing 1228 Main Street Longmont CO 80501 611623575 501(c)(3) 23723 Construction of arbors 1 0 Part I, Line 2: The Board of the filing organization is the same Board as that of The Hearthstone at Hover Crossing. Therefore there is monitoring over the use of funds through common control of the funds. 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 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 $115,925 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 11 LHA accounting managers reviewed the Form 990, and provided a copy to the Board of Directors before for 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 -32,132. Rounding -4. The Hearthstone at Hover Crossing 1228 Main Street Longmont CO 80501 611623575 Low Income Housing CO 501(c)(3) Line 9 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 9 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 Longmont Housing Management Inc 1228 Main St Longmont CO 80501 841600210 Real Estate Management CO Longmont Housing Development Corp C -32172 1.00000 1 Prairie Village Management LLC 1228 Main St Longmont CO 80501 473003351 Low Income Housing CO Longmont Housing Development Corp C 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1