Skip to content
Nonprofiteer
← LINCOLN VILLAGE PRESERVATION CORPORATION

Form 990 for tax year 2023

Filed by LINCOLN VILLAGE PRESERVATION CORPORATION.

Totals

Total revenue
$4,977,929
Total expenses
$2,371,602
Contributions and grants received
$4,452,741
Grants paid
$0
Program service revenue
$219,349
Investment income
$283,882
Other revenue
$21,957
Total assets, end of year
$13,069,152
Total liabilities, end of year
$896,042
Net assets or fund balances, end of year
$12,173,110
Program services expenses (Part IX)
$2,148,788
Management and general expenses
$27,126
Fundraising expenses
$195,688
Program service expenses (Part III)
$2,148,788

Program services were 90.6% 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

    $4,452,741

  • 1g · Noncash contributions included above

    $41,160

  • 2a · Program service revenue: RESIDENTIAL RENT INCOM

    total $163,849 · related or exempt $163,849

  • 2b · Program service revenue: ACADEMY TUITION

    total $24,422 · related or exempt $24,422

  • 2c · Program service revenue: PRESCHOOL TUITION

    total $23,501 · related or exempt $23,501

  • 2d · Program service revenue: SUMMER CAMP TUITION

    total $4,000 · related or exempt $4,000

  • 2e · Program service revenue: LEARNING LAB TUITION

    total $3,577 · related or exempt $3,577

  • 3 · Investment income

    total $283,882 · excluded $283,882

  • 11a · Other revenue: FACILITIES RENT INCOME

    total $21,804 · excluded $21,804

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $153 · related or exempt $153

  • 11e · Other revenue, total

    $21,957

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,400,939 · program services $1,248,436 · fundraising $152,503

  • 9 · Other employee benefits

    total $101,418 · program services $96,424 · fundraising $4,994

  • 10 · Payroll taxes

    total $73,629 · program services $73,629

  • 11b · Fees: legal

    total $11,882 · management and general $11,882

  • 11c · Fees: accounting

    total $8,049 · management and general $8,049

  • 11g · Fees: other

    total $38,191 · fundraising $38,191

  • 13 · Office expenses

    total $14,488 · program services $14,488

  • 14 · Information technology

    total $25,204 · program services $25,204

  • 16 · Occupancy

    total $133,528 · program services $133,528

  • 17 · Travel

    total $7,038 · program services $7,038

  • 22 · Depreciation, depletion and amortization

    total $209,798 · program services $209,798

  • 23 · Insurance

    total $56,865 · program services $56,865

  • 24a · Other expenses: BUILDING REPAIRS

    total $79,625 · program services $79,625

  • 24b · Other expenses: CONTRACT LABOR

    total $52,258 · program services $52,258

  • 24c · Other expenses: IMPROVEMENTS

    total $38,784 · program services $38,784

  • 24d · Other expenses: FOOD & BEVERAGES

    total $35,609 · program services $35,609

  • 24e · All other expenses

    total $84,297 · program services $77,102 · management and general $7,195

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $464,873 · end of year $558,097

  • 2 · Savings and temporary cash investments

    beginning of year $2,836,902 · end of year $2,737,494

  • 4 · Accounts receivable

    beginning of year $3,103 · end of year $0

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

    $7,663,608

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

    $1,050,729

  • 10c · Land, buildings and equipment, net

    beginning of year $4,866,982 · end of year $6,612,879

  • 11 · Investments: publicly traded securities

    beginning of year $3,443,950 · end of year $3,140,202

  • 15 · Other assets

    beginning of year $20,480 · end of year $20,480

  • 17 · Accounts payable and accrued expenses

    beginning of year $194,723 · end of year $21,266

  • 25 · Other liabilities

    beginning of year $1,874,784 · end of year $874,776

  • 27 · Net assets without donor restrictions

    beginning of year $8,238,927 · end of year $10,613,897

  • 28 · Net assets with donor restrictions

    beginning of year $1,327,856 · end of year $1,559,213

Mission and programs · 2023

Mission

THE CORPORATION'S PRIMARY MISSION IS TO PROVIDE AFFORDABLE HOUSING AND EDUCATION AND TO OFFER COMFORT, ASSISTANCE, AND ENCOURAGEMENT TO LOW-INCOME RESIDENTS IN THE LINCOLN MILL VILLAGE AREA LOCATED IN HUNTSVILLE, ALABAMA.

Activities or mission (Part I)

TO PROVIDE AFFORDABLE HOUSING AND EDUCATION TO RESIDENTS OF LINCOLN VILLAGE

  • LINCOLN VILLAGE PRESERVATION CORPORATION OWNS RENTAL HOUSING UNITS THAT HAVE BEEN REFURBISHED WITH THE HELP OF VOLUNTEER LABOR AND ARE LEASED AT BELOW MARKET RATES FOR THE BENEFIT OF THE RESIDENTS OF LINCOLN MILL VILLAGE.

    Expenses $1,308,075 · Revenue $173,123

  • IN 2012, THE CORPORATION PURCHASED A FAILED TITLE 1 PUBLIC ELEMENTARY SCHOOL BUILDING IN THE LINCOLN MILL VILLAGE AREA AND ESTABLISHED AN EDUCATIONAL ACADEMY WITH MINIMAL TUITION FOR THE BENEFIT OF ELEMENTARY STUDENTS ORIGINALLY ZONED FOR THAT SCHOOL.

    Expenses $840,713 · Revenue $46,379

As filed on the 2023 return.

Listed in Part VII

  • Scott Bence

    VICE-PRESIDENT/TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Steve Hill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sam Yeager

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Warne Heath

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Rica McRoy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kyle Findlay

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mark Stearns

    DIRECTOR

    Total calculated
    $109,459
    From this org
    $109,459
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Jay Wilson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Chris Love

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Heather Templet

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
17 February 2025
IRS schema version
2023v6.0
Source object
202500489349300420

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.