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← LINC COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2025

Filed by LINC COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$17,116,719
Total expenses
$17,168,024
Contributions and grants received
$0
Grants paid
$2,437,622
Program service revenue
$16,950,318
Investment income
$166,401
Other revenue
$0
Total assets, end of year
$96,624,407
Total liabilities, end of year
$125,778,270
Net assets or fund balances, end of year
-$29,153,863
Program services expenses (Part IX)
$16,081,492
Management and general expenses
$1,086,532
Fundraising expenses
$0
Program service expenses (Part III)
$16,081,492

Program services were 93.7% 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.

  • 2a · Program service revenue: 743(b) ADJ INC FROM K-1

    total $2,488 · related or exempt $2,488

  • 2b · Program service revenue: ASSET MANAGEMENT FEE

    total $136,922 · related or exempt $136,922

  • 2c · Program service revenue: PARTNERSHIP MANAGMENT FEE

    total $800,956 · related or exempt $800,956

  • 2d · Program service revenue: RENTAL INCOME

    total $11,681,577 · related or exempt $11,681,577

  • 2e · Program service revenue: SECTION 1231 GAIN

    total $4,328,375 · related or exempt $4,328,375

  • 3 · Investment income

    total $166,401 · excluded $166,401

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,437,622 · program services $2,437,622

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $148,253 · management and general $148,253

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $937,877 · management and general $937,877

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: RENTAL EXPENSE

    total $13,113,925 · program services $13,113,925

  • 24b · Other expenses: OTHER DEDUCTIONS FROM K-1

    total $392,556 · program services $392,556

  • 24c · Other expenses: 743(b) ADJ EXP FROM K-1

    total $137,389 · program services $137,389

  • 24d · Other expenses: ORGANIZATION DUES

    total $402 · management and general $402

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,184 · end of year $2,184

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $1,939,949 · end of year $1,899,143

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $85,385 · end of year $85,385

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    beginning of year $70,404,916 · end of year $94,637,695

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,650

  • 25 · Other liabilities

    beginning of year $91,899,476 · end of year $125,778,270

  • 27 · Net assets without donor restrictions

    beginning of year -$19,490,692 · end of year -$29,153,863

Mission and programs · 2025

Mission

LINC-CDC ENGAGES IN THE SOLICITATION, ADMINISTRATION, DISBURSEMENT AND RENTAL OF PROPERTY TO FOSTER LOW INCOME HOUSING. IT SERVES AS A CHDO TO ASSIST LOCAL JURISDICTIONS TO BETTER USE THEIR HOME GRANTS FROM THE FEDERAL DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

  • PROVIDE LOW INCOME AFFORDABLE HOUSING TO NEEDY INDIVIDUALS.

    Expenses $16,081,492 · Grants $2,437,622 · Revenue $16,950,318

As filed on the 2025 return.

Listed in Part VII

  • Rebecca F Clark

    CEO

    Total calculated
    $615,510
    From this org
    $0
    From related orgs
    $553,701
    Other
    $61,809
    Hours/week
    0 + 36 related

    Schedule J breakdown matched by us

    Base
    not reported + $413,098 related
    Bonus
    not reported + $135,203 related
    Other
    not reported + $5,400 related
    Deferred
    not reported + $14,000 related
    Nontaxable benefits
    not reported + $47,809 related
    Filer's total
    not reported + $615,510 related

  • Suny Chang

    president & coo

    Total calculated
    $574,102
    From this org
    $0
    From related orgs
    $515,062
    Other
    $59,040
    Hours/week
    0 + 36 related

    Schedule J breakdown matched by us

    Base
    not reported + $373,987 related
    Bonus
    not reported + $135,675 related
    Other
    not reported + $5,400 related
    Deferred
    not reported + $14,000 related
    Nontaxable benefits
    not reported + $45,040 related
    Filer's total
    not reported + $574,102 related

  • Erik Svensson

    CFO

    Total calculated
    $363,306
    From this org
    $0
    From related orgs
    $316,118
    Other
    $47,188
    Hours/week
    0 + 36 related

    Schedule J breakdown matched by us

    Base
    not reported + $255,214 related
    Bonus
    not reported + $50,904 related
    Other
    not reported + $10,000 related
    Deferred
    not reported + $12,078 related
    Nontaxable benefits
    not reported + $35,110 related
    Filer's total
    not reported + $363,306 related

  • Benjamin Winter

    Vice President

    Total calculated
    $358,123
    From this org
    $0
    From related orgs
    $314,482
    Other
    $43,641
    Hours/week
    0 + 36 related

    Schedule J breakdown matched by us

    Base
    not reported + $257,088 related
    Bonus
    not reported + $51,994 related
    Other
    not reported + $5,400 related
    Deferred
    not reported + $12,732 related
    Nontaxable benefits
    not reported + $30,909 related
    Filer's total
    not reported + $358,123 related

  • Cecilia Ngo

    SVP HSG DEV

    Total calculated
    $290,511
    From this org
    $0
    From related orgs
    $251,845
    Other
    $38,666
    Hours/week
    0 + 36 related

    Schedule J breakdown matched by us

    Base
    not reported + $210,919 related
    Bonus
    not reported + $40,926 related
    Other
    not reported
    Deferred
    not reported + $10,074 related
    Nontaxable benefits
    not reported + $28,592 related
    Filer's total
    not reported + $290,511 related

  • James Aliberti

    svp

    Total calculated
    $289,720
    From this org
    $0
    From related orgs
    $236,033
    Other
    $53,687
    Hours/week
    0 + 36 related

    Schedule J breakdown matched by us

    Base
    not reported + $214,904 related
    Bonus
    not reported + $21,129 related
    Other
    not reported
    Deferred
    not reported + $9,534 related
    Nontaxable benefits
    not reported + $44,153 related
    Filer's total
    not reported + $289,720 related

  • Anders Plett

    SVP OF DEVELOP

    Total calculated
    $283,113
    From this org
    $0
    From related orgs
    $238,449
    Other
    $44,664
    Hours/week
    0 + 36 related

    Schedule J breakdown matched by us

    Base
    not reported + $215,664 related
    Bonus
    not reported + $17,385 related
    Other
    not reported + $5,400 related
    Deferred
    not reported + $9,999 related
    Nontaxable benefits
    not reported + $34,665 related
    Filer's total
    not reported + $283,113 related

  • Donielle Nichols

    VP OF FINANCE

    Total calculated
    $252,543
    From this org
    $0
    From related orgs
    $229,578
    Other
    $22,965
    Hours/week
    0 + 36 related

    Schedule J breakdown matched by us

    Base
    not reported + $196,817 related
    Bonus
    not reported + $32,761 related
    Other
    not reported
    Deferred
    not reported + $5,933 related
    Nontaxable benefits
    not reported + $17,032 related
    Filer's total
    not reported + $252,543 related

  • Maria Marquez-Brookes

    Chairman

    Total calculated
    $232,658
    From this org
    $0
    From related orgs
    $201,456
    Other
    $31,202
    Hours/week
    0.02 + 36 related

    Schedule J breakdown matched by us

    Base
    not reported + $175,575 related
    Bonus
    not reported + $25,881 related
    Other
    not reported
    Deferred
    not reported + $8,080 related
    Nontaxable benefits
    not reported + $23,122 related
    Filer's total
    not reported + $232,658 related

  • Mark Montoya

    VICE Chairman

    Total calculated
    $0
    Hours/week
    0.02

  • Kerry Brown

    Secretary

    Total calculated
    $0
    Hours/week
    0.02

  • Titania Davis

    MEMBER

    Total calculated
    $0
    Hours/week
    0.02

  • Juan Gerardo

    MEMBER

    Total calculated
    $0
    Hours/week
    0.02

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

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.

  • LINC TORRANCE ASSOCIATES LLC

    LOW INC HSG · CA · income $8,643 · assets $97,958

    Directly controlled by LINC-COMM DEVELOPMENT CORP

  • LINC CDC-WHITTIER LLC

    LOW INC HSG · CA · income $13 · assets $230

    Directly controlled by LINC-COMM DEVELOPMENT CORP

  • LINC-NYC LLC

    LOW INC HSG · CA · income $196,948

    Directly controlled by LINC-COMM DEVELOPMENT CORP

  • LINC-WILSHIRE LLC

    LOW INC HSG · CA · income $26,019 · assets $20,364

    Directly controlled by LINC-COMM DEVELOPMENT CORP

  • LINC CDC-HUNTINGTON PARK APTS LLC

    LOW INC HSG · CA · income $290 · assets $274

    Directly controlled by LINC-COMM DEVELOPMENT CORP

  • LINC-WILLOWBROOK APARTMENTS LLC

    LOW INC HSG · CA · income $15,323 · assets $1,044,589

    Directly controlled by LINC-COMM DEVELOPMENT CORP

  • LINC-ANDERSON APTS LLC

    LOW INC HSG · CA · income $24,649 · assets $766,042

    Directly controlled by LINC-COMM DEVELOPMENT CORP

  • LINC-BEAUMONT APTS LLC

    LOW INC HSG · CA · income $25,064 · assets $663,063

    Directly controlled by LINC-COMM DEVELOPMENT CORP

  • LINC-COMPTON AVE APTS LLC

    LOW INC HSG · CA · income $17,971 · assets $76,168

    Directly controlled by LINC-COMM DEVELOPMENT CORP

  • LINC WILMINGTON APTS LLC

    LOW INC HSG · CA · income $21,351 · assets $91,353

    Directly controlled by LINC-COMM DEVELOPMENT CORP

  • LINC-WEHRLE APTS LLC

    LOW INC HSG · CA · assets $202

    Directly controlled by LINC-COMM DEVELOPMENT CORP

Related partnerships

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

  • SEE ATTACHED

    CA · general or managing partner

    Directly controlled by LINC-COMM DEV CORP

  • LINC-BRISTOL ASSOC I LP

    related · LOW INC HSG · CA · 99% owned · share of income $1,535,180 · share of assets $12,542,350 · general or managing partner

    Directly controlled by LINC-COMM DEV CORP

  • LINC BEECHWOOD LP

    related · LOW INC HSG · CA · 99.99% owned · share of income $181,346 · share of assets $5,672,931 · general or managing partner

    Directly controlled by LINC-COMM DEV CORP

  • ONTARIO SENIOR HOUSING LP

    related · LOW INC HSG · CA · 99% owned · share of income $59,854 · share of assets $487,968 · general or managing partner

    Directly controlled by LINC-COMM DEV CORP

Provenance

Return type
form_990
Tax year
2025
Filed
24 September 2026
IRS schema version
2025v4.1
Source object
202602679349301345

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