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Nonprofiteer
← LOVELAND HOUSING DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by LOVELAND HOUSING DEVELOPMENT CORPORATION.

Totals

Total revenue
$1,422,397
Total expenses
$1,504,086
Contributions and grants received
$318,838
Grants paid
$0
Program service revenue
$873,137
Investment income
$115,637
Other revenue
$114,785
Total assets, end of year
$13,102,316
Total liabilities, end of year
$2,109,608
Net assets or fund balances, end of year
$10,992,708
Program services expenses (Part IX)
$655,745
Management and general expenses
$848,341
Fundraising expenses
$0
Program service expenses (Part III)
$655,745

Program services were 43.6% 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.

  • 1e · Government grants (contributions)

    $318,838

  • 2a · Program service revenue: RENTAL REVENUE

    total $687,889 · related or exempt $687,889

  • 2b · Program service revenue: SERVICE INCOME

    total $185,248 · related or exempt $185,248

  • 3 · Investment income

    total $115,637 · excluded $115,637

  • 11a · Other revenue: OTHER

    total $114,785 · related or exempt $114,785

  • 11e · Other revenue, total

    $114,785

Functional expenses

Part IX, the statement of functional expenses.

  • 9 · Other employee benefits

    total $193,685 · program services $52,447 · management and general $141,238

  • 11g · Fees: other

    total $141,166 · management and general $141,166

  • 13 · Office expenses

    total $28,132 · management and general $28,132

  • 17 · Travel

    total $223 · management and general $223

  • 20 · Interest

    total $55,426 · program services $55,426

  • 22 · Depreciation, depletion and amortization

    total $133,620 · program services $133,620

  • 23 · Insurance

    total $58,524 · program services $58,524

  • 24a · Other expenses: GRANT EXPENSE

    total $355,081 · program services $355,081

  • 24b · Other expenses: GENERAL MAINTENANCE

    total $348,193 · management and general $348,193

  • 24c · Other expenses: UTILITIES

    total $85,291 · management and general $85,291

  • 24d · Other expenses: OTHER

    total $22,781 · management and general $22,781

  • 24e · All other expenses

    total $81,964 · program services $647 · management and general $81,317

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,283,011 · end of year $3,287,287

  • 4 · Accounts receivable

    beginning of year $97,869 · end of year $149,267

  • 7 · Other notes and loans receivable

    beginning of year $4,242,744 · end of year $4,344,021

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,158 · end of year $22,280

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

    $4,744,546

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

    $1,611,486

  • 10c · Land, buildings and equipment, net

    beginning of year $3,260,114 · end of year $3,133,060

  • 14 · Intangible assets

    beginning of year $1,336,554 · end of year $1,285,654

  • 15 · Other assets

    beginning of year $806,606 · end of year $880,747

  • 17 · Accounts payable and accrued expenses

    beginning of year $35,020 · end of year $89,109

  • 19 · Deferred revenue

    beginning of year $3,528 · end of year $67,354

  • 23 · Secured mortgages and notes payable

    beginning of year $1,971,067 · end of year $1,912,117

  • 25 · Other liabilities

    beginning of year $41,755 · end of year $41,028

  • 27 · Net assets without donor restrictions

    beginning of year $10,984,686 · end of year $10,992,708

Mission and programs · 2022

Mission

PROVIDE LOW-INCOME HOUSING, OPERATE HOUSING PROJECTS THAT PROVIDE QUALITY LOW-INCOME HOUSING.

  • OPERATE HOUSING PROJECTS THAT PROVIDE QUALITY LOW-INCOME HOUSING TO FAMILIES AND INDIVIDUALS. PROVIDE OTHER HOUSING RELATED SERVICES TO INDIVIDUALS AND FAMILIES QUALIFYING FOR LOW-INCOME HOUSING.

    Expenses $655,745 · Revenue $987,922

As filed on the 2022 return.

Listed in Part VII

  • Kelso Kelly

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Adrian Ruckle

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mike Radcliff

    CHAIR PERSON

    Total calculated
    $0
    Hours/week
    0

  • Patrick Rowe

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Kim Kuxhausen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Bruce Farkas

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Danielle Feeney

    BOARD MEMBER

    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
19 October 2023
IRS schema version
2022v5.0
Source object
202332939349300938

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