Skip to content
Nonprofiteer
← LABORERS HOME DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by LABORERS HOME DEVELOPMENT CORPORATION.

Totals

Total revenue
$1,285,330
Total expenses
$1,358,857
Contributions and grants received
$12,400
Grants paid
$27,560
Program service revenue
$1,136,500
Investment income
$122,579
Other revenue
$13,851
Total assets, end of year
$17,249,280
Total liabilities, end of year
$8,589
Net assets or fund balances, end of year
$17,240,691
Program services expenses (Part IX)
$1,281,433
Management and general expenses
$77,424
Fundraising expenses
$0
Program service expenses (Part III)
$1,281,433

Program services were 94.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $12,400

  • 2a · Program service revenue: GENERAL AND ADMIN INCO

    total $818,105 · related or exempt $818,105

  • 2b · Program service revenue: MANAGEMENT FEE

    total $318,395 · related or exempt $318,395

  • 3 · Investment income

    total $122,579 · excluded $122,579

  • 11a · Other revenue: MISCELLANEOUS

    total $13,851 · related or exempt $13,851

  • 11e · Other revenue, total

    $13,851

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $27,560 · program services $27,560

  • 5 · Compensation of officers, directors and key employees

    total $203,115 · program services $203,115

  • 7 · Other salaries and wages

    total $330,290 · program services $330,290

  • 8 · Pension plan contributions

    total $212,890 · program services $212,890

  • 9 · Other employee benefits

    total $177,619 · program services $177,619

  • 10 · Payroll taxes

    total $39,914 · program services $39,914

  • 11b · Fees: legal

    total $3,371 · management and general $3,371

  • 11c · Fees: accounting

    total $43,729 · management and general $43,729

  • 13 · Office expenses

    total $30,324 · management and general $30,324

  • 17 · Travel

    total $50,587 · program services $50,587

  • 22 · Depreciation, depletion and amortization

    total $22,525 · program services $22,525

  • 23 · Insurance

    total $41,273 · program services $41,273

  • 24a · Other expenses: LOSS FROM INVESTMENTS

    total $174,909 · program services $174,909

  • 24b · Other expenses: PROJECT EXPENSE

    total $751 · program services $751

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $579,250 · end of year $724,987

  • 4 · Accounts receivable

    beginning of year $80,547 · end of year $183,409

  • 7 · Other notes and loans receivable

    beginning of year $4,643,371 · end of year $4,674,024

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2 · end of year $2

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

    $250,983

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

    $214,133

  • 10c · Land, buildings and equipment, net

    beginning of year $59,375 · end of year $36,850

  • 12 · Investments: other securities

    beginning of year $8,665,777 · end of year $8,490,868

  • 15 · Other assets

    beginning of year $3,300,141 · end of year $3,139,140

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,245 · end of year $8,589

  • 27 · Net assets without donor restrictions

    beginning of year $17,314,218 · end of year $17,240,691

Mission and programs · 2023

Mission

PROVIDE LOW INCOME HOUSING

  • TO DEVELOP, MANAGE AND PRESERVE AFFORDABLE HOUSING PRIMARILY IN ILLINOIS AND IOWA

    Expenses $1,281,433 · Grants $27,560 · Revenue $1,136,500

As filed on the 2023 return.

Listed in Part VII

  • Jayne Lourash

    EXECUTIVE DIRECTOR/SECRETARY-TREASURER

    Total calculated
    $203,115
    From this org
    $203,115
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $109,790
    Bonus
    $0
    Other
    $93,325
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $203,115

  • David Frye

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Brandon Flinn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Glyn Ramage

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Matt Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Reno Hammond

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Brian Short

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

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

  • LHD MANAGEMENT LLC

    AFFORDABLE HOUSING · IL · income $0 · assets $25,482

    Directly controlled by LABORERS HOME DEVELOPMENT

  • LHDC INVESTOR FUND LLC

    AFFORDABLE HOUSING · IL · income -$113,090 · assets $4,552,449

    Directly controlled by LABORERS HOME DEVELOPMENT

  • CARMI LHDC LLC

    AFFORDABLE HOUSING · IL · income -$86,862 · assets $963,567

    Directly controlled by LABORERS HOME DEVELOPMENT

Related partnerships

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

  • CARMI AFFORDABLE HOUSING LP

    AFFORDABLE HOUSING · IL · 100% owned · share of income -$173,742 · share of assets $1,927,326 · general or managing partner

    Directly controlled by LHDC INVESTOR FUND CARMI DEV CORP CARMI LHDC

  • COUNTRY VIEW APARTMENTS LP

    AFFORDABLE HOUSING · IL · 100% owned · share of income -$153,667 · share of assets $1,460,606 · general or managing partner

    Directly controlled by LHDC LHDC INVESTOR FUND LABORERS' HOME DEV VI

  • FAIRVIEW ESTATES LP

    AFFORDABLE HOUSING · IL · 100% owned · share of income -$91,527 · share of assets $737,904 · general or managing partner

    Directly controlled by LHDC INVESTOR FUND MCLEANSBORO DEV CORP

  • HICKORY RIDGE LP

    AFFORDABLE HOUSING · IL · 100% owned · share of income $157,617 · share of assets $1,975,012 · general or managing partner

    Directly controlled by LHDC INVESTOR FUND HICKORY GP

  • 1335 S DIAMOND LP

    AFFORDABLE HOUSING · IL · 0.01% owned · share of income -$6 · share of assets $606 · general or managing partner

    Directly controlled by 1335 S DIAMOND GP LLC

  • HILLDALE ESTATES AFFORDABLE HOUSING LP

    AFFORDABLE HOUSING · IL · 0.01% owned · share of income -$32 · share of assets $668 · general or managing partner

    Directly controlled by HILLDALE ESTATES GP LLC

  • JACKSONVILLE AFFORDABLE HOUSING LP

    AFFORDABLE HOUSING · IL · 0.01% owned · share of income -$37 · share of assets $851 · general or managing partner

    Directly controlled by JACKSONVILLE DEVELOPMENT CORP NFP

  • LADD SENIOR HOUSING LP

    AFFORDABLE HOUSING · IL · 0.01% owned · share of income -$66 · share of assets $977 · general or managing partner

    Directly controlled by LADD SENIOR HOUSING GP LLC

  • MAPLE RIDGE AFFORDABLE HOUSING LP

    AFFORDABLE HOUSING · IL · 0.01% owned · share of income -$28 · share of assets $452 · general or managing partner

    Directly controlled by MAPLE RIDGE AFFORDABLE HOUSING LLC

  • MAPLE RIDGE APARTMENTS II LP

    AFFORDABLE HOUSING · IL · 0.01% owned · share of income -$29 · share of assets $602 · general or managing partner

    Directly controlled by MAPLE RIDGE APARTMENTS II GP LLC

  • MEL HASTY RETIREMENT CENTER LP

    AFFORDABLE HOUSING · IL · 0.01% owned · share of income -$19 · share of assets $556 · general or managing partner

    Directly controlled by MEL HASTY RETIREMENT CENTER GP LLC

  • TIGER SENIOR APARTMENTS LP

    AFFORDABLE HOUSING · IL · 0.01% owned · share of income -$29 · share of assets $584 · general or managing partner

    Directly controlled by TIGER SENIOR GP LLC

  • PEKIN SUPPORTIVE LIVING LP

    AFFORDABLE HOUSING · IL · 0.01% owned · share of income $4 · share of assets $643 · general or managing partner

    Directly controlled by LABORERS' HOME DEVELOPMENT VII

Related corporations and trusts

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

  • 1335 S DIAMOND GP LLC

    C · AFFORDABLE HOUSING · IL · 100% owned · share of income -$6 · share of assets $606

    Directly controlled by LABORERS HOME DEVELOPMENT

  • CARMI DEVELOPMENT CORPORATION

    C · AFFORDABLE HOUSING · IL · 100% owned · share of income -$17 · share of assets $193

    Directly controlled by LABORERS HOME DEVELOPMENT

  • LABORERS' HOME DEVELOPMENT VI

    C · AFFORDABLE HOUSING · IL · 100% owned · share of income -$15 · share of assets $146

    Directly controlled by LABORERS HOME DEVELOPMENT

  • MCLEANSBORO DEVELOPMENT CORPORATION

    C · AFFORDABLE HOUSING · IL · 100% owned · share of income -$9 · share of assets $74

    Directly controlled by LABORERS HOME DEVELOPMENT

  • HICKORY GP LLC

    C · AFFORDABLE HOUSING · IL · 100% owned · share of income $14 · share of assets $178

    Directly controlled by LABORERS HOME DEVELOPMENT

  • HILLDALE ESTATES GP LLC

    C · AFFORDABLE HOUSING · IL · 100% owned · share of income -$32 · share of assets $668

    Directly controlled by LABORERS HOME DEVELOPMENT

  • JACKSONVILLE DEVELOPMENT CORP NFP

    C · AFFORDABLE HOUSING · IL · 100% owned · share of income -$37 · share of assets $851

    Directly controlled by LABORERS HOME DEVELOPMENT

  • LADD SENIOR HOUSING GP LLC

    C · AFFORDABLE HOUSING · IL · 50% owned · share of income -$66 · share of assets $977

    Directly controlled by LABORERS HOME DEVELOPMENT

  • MAPLE RIDGE AFFORDABLE HOUSING LLC

    C · AFFORDABLE HOUSING · IL · 100% owned · share of income -$28 · share of assets $452

    Directly controlled by LABORERS HOME DEVELOPMENT

  • MAPLE RIDGE APARTMENTS II GP LLC

    C · AFFORDABLE HOUSING · IL · 100% owned · share of income -$29 · share of assets $602

    Directly controlled by LABORERS HOME DEVELOPMENT

  • MEL HASTY RETIREMENT CENTER GP LLC

    C · AFFORDABLE HOUSING · IL · 100% owned · share of income -$19 · share of assets $556

    Directly controlled by LABORERS HOME DEVELOPMENT

  • TIGER SENIOR GP LLC

    C · AFFORDABLE HOUSING · IL · 100% owned · share of income -$29 · share of assets $584

    Directly controlled by LABORERS HOME DEVELOPMENT

  • LABORERS' HOME DEVELOPMENT VII

    C · AFFORDABLE HOUSING · IL · 100% owned · share of income $4 · share of assets $643

    Directly controlled by LABORERS HOME DEVELOPMENT

Provenance

Return type
form_990
Tax year
2023
Filed
25 July 2024
IRS schema version
2023v5.1
Source object
202442079349301569

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.