Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $31,405,082

• 1f · All other contributions, gifts and grants

  $75,109

• 2a · Program service revenue: MORTGAGE PROGRAM

  total $1,071,428 · related or exempt $1,071,428

• 2b · Program service revenue: RENTAL PROGRAM

  total $891,309 · related or exempt $891,309

• 2c · Program service revenue: OTHER PROGRAMS

  total $276,844 · related or exempt $276,844

• 2d · Program service revenue: POW WOW

  total $235,039 · related or exempt $235,039

• 2e · Program service revenue: SALES TAX REFUND

  total $223,203 · related or exempt $223,203

• 2f · All other program service revenue

  total $86,272 · related or exempt $86,272

• 3 · Investment income

  total $358,523 · excluded $358,523

• 7a · Gross sales of assets other than inventory

  securities $202,748

• 7b · Less cost or other basis and sales expenses

  securities $0

• 7c · Gain or loss

  securities $202,748

• 7d · Net gain or loss

  total $202,748 · excluded $202,748

• 11a · Other revenue: OTHER REVENUE- RELATED

  total $3,411,589 · related or exempt $3,411,589

• 11b · Other revenue: INSURANCE PROCEEDS

  total $2,815 · related or exempt $2,815

• 11e · Other revenue, total

  $3,414,404

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $418 · program services $418

• 2 · Grants to domestic individuals

  total $6,643,826 · program services $6,643,826

• 5 · Compensation of officers, directors and key employees

  total $180,800 · program services $129,616 · management and general $51,184

• 7 · Other salaries and wages

  total $8,510,514 · program services $6,101,188 · management and general $2,409,326

• 8 · Pension plan contributions

  total $599,551 · program services $456,438 · management and general $143,113

• 9 · Other employee benefits

  total $1,881,513 · program services $1,462,313 · management and general $419,200

• 10 · Payroll taxes

  total $672,958 · program services $504,315 · management and general $168,643

• 11b · Fees: legal

  total $68,982 · program services $6,106 · management and general $62,876

• 11c · Fees: accounting

  total $87,405 · program services $7,228 · management and general $80,177

• 11g · Fees: other

  total $2,945,948 · program services $364,413 · management and general $2,581,535

• 12 · Advertising and promotion

  total $252,446 · program services $86,867 · management and general $165,579

• 13 · Office expenses

  total $322,551 · program services $124,053 · management and general $198,498

• 14 · Information technology

  total $432,628 · program services $39,370 · management and general $393,258

• 16 · Occupancy

  total $464,920 · program services $222,603 · management and general $242,317

• 17 · Travel

  total $405,707 · program services $204,843 · management and general $200,864

• 20 · Interest

  total $391,416 · management and general $391,416

• 22 · Depreciation, depletion and amortization

  total $2,312,448 · program services $2,312,448

• 23 · Insurance

  total $642,134 · program services $365,951 · management and general $276,183

• 24a · Other expenses: REPAIRS AND MAINTENANCE

  total $1,790,077 · program services $1,790,077

• 24b · Other expenses: MAINT. & DEVELOPMENT

  total $928,754 · program services $928,754

• 24c · Other expenses: SUPPLIES

  total $413,399 · program services $413,399

• 24d · Other expenses: AUTO EXPENSES

  total $233,152 · program services $186,522 · management and general $46,630

• 24e · All other expenses

  total $53,182 · program services $53,182

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $8,314,926 · end of year $6,087,394

• 3 · Pledges and grants receivable

  beginning of year $1,003,188 · end of year $10,705

• 4 · Accounts receivable

  beginning of year $25,638,658 · end of year $3,796,600

• 7 · Other notes and loans receivable

  end of year $23,584,426

• 9 · Prepaid expenses and deferred charges

  end of year $232,693

• 10a · Land, buildings and equipment: cost or other basis

  $87,084,312

• 10b · Land, buildings and equipment: accumulated depreciation

  $18,246,876

• 10c · Land, buildings and equipment, net

  beginning of year $62,903,858 · end of year $68,837,436

• 15 · Other assets

  beginning of year $235,498

• 17 · Accounts payable and accrued expenses

  beginning of year $7,064,010 · end of year $841,840

• 19 · Deferred revenue

  end of year $966,857

• 23 · Secured mortgages and notes payable

  beginning of year $8,970,142 · end of year $10,673,349

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $0

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $0 · end of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year $82,061,976 · end of year $90,067,208

The filer's explanations (Part III)

PART I, LINE 3

ADMINISTRATION PRESENTS A BUDGET OF SALARIES BASED ON THE COMPENSATION STUDY REPORT. THE TRIBAL COUNCIL HAS THE FINAL APPROVAL OF THE BUDGETED SALARIES.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• LUMBEE DEVELOPMENT LLC

  AFFORDABLE RENTAL HOUSING · NC

  Directly controlled by LUMBEE LAND DEVELOPMENT INC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• ARROWPOINT LLC

  LOW-INCOME HOUSING · NC · 90% owned · share of income -$230,546 · share of assets $3,600,522 · general or managing partner

  Directly controlled by LUMBEE LAND DEVELOPMENT

• LUMBEE TRIBE ENTERPRISES LLC

  CONTRACTING · NC

• PEMBROKE SENIOR VILLAGE LLC

  LOW-INCOME HOUSING · NC · 9% owned · share of income -$26 · share of assets $197 · general or managing partner

  Directly controlled by LUMBEE LAND DEVELOPMENT

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• LUMBEE TRIBE HOLDINGS INC

  C · HOLDING COMPANY · NC · 100% owned · controlled entity

  Directly controlled by LUMBEE LAND DEVELOPMENT