2023-09-19T10:06:38-05:00 2022-12-31 221478099 COHNREZNICK LLP 14 SYLVAN WAY PARSIPPANY NJ 070543801 990 2022-01-01 454127209 LOUISVILLE HOUSING OPPORTUNITY AND MICRO ENTERPRISE COMMUNITY LOUI 5026575943 PO BOX 211028 LOUISVILLE KY 40221 KEITH H TALLEY SR PRESIDENT/CEO 5026575943 2023-09-19 1 KEITH TALLEY SR 999009999 0 LAURA KIELCZEWSKI P00740769 9732283500 2023-09-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z LHOME KEITH H TALLEY SR PO BOX 211028 LOUISVILLE KY 40221 2661318 0 X WWW.LHOMEKY.ORG X 2011 KY LHOME IS A MISSION-DRIVEN, NONPROFIT FINANCIAL INSTITUTION THAT PROVIDES ACCESSIBLE, AFFORDABLE LOAN PRODUCTS AND FINANCIAL COACHING SERVICES TO LOW-INCOME SMALL BUSINESS OWNERS, HOMEOWNERS, AND RESIDENTS OF LOUISVILLE, KENTUCKY. LHOME IS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI), CERTIFIED BY THE U.S. TREASURY. LHOME IS SHORT FOR THE LOUISVILLE HOUSING OPPORTUNITIES AND MICRO-ENTERPRISE COMMUNITY DEVELOPMENT LOAN FUND, INC.LHOME IS COMMITTED TO SERVING THE PEOPLE AND BUSINESSES OF LOUISVILLE'S LOW- AND MODERATE- INCOME CENSUS TRACTS, PRIMARILY OUR WEST AND SOUTH END NEIGHBORHOODS, AND CREATING INTERGENERATIONAL WEALTH OPPORTUNITIES, PARTICULARLY FOR LOUISVILLE'S BLACK AND BROWN RESIDENTS. OVER 70% OF LHOME CLIENTS ARE NON-WHITE, AND OVER 90% RESIDE IN THESE HISTORICALLY UNDERSERVED AND DISCRIMINATED SECTIONS OF OUR CITY. 9 9 9 11 0 0 1188284 2582857 93410 78461 0 0 0 0 1281694 2661318 80000 0 0 0 463645 691585 0 0 165515 675711 1639145 1219356 2330730 62338 330588 4345145 4863586 1740921 1928774 2604224 2934812 X LHOME IS A MISSION-DRIVEN, NONPROFIT FINANCIAL INSTITUTION THAT PROVIDES ACCESSIBLE, AFFORDABLE LOAN PRODUCTS AND FINANCIAL COACHING SERVICES TO LOW-INCOME SMALL BUSINESS OWNERS, HOMEOWNERS, AND RESIDENTS OF LOUISVILLE, KENTUCKY. LHOME IS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI), CERTIFIED BY THE U.S. TREASURY. LHOME IS SHORT FOR THE LOUISVILLE HOUSING OPPORTUNITIES AND MICRO-ENTERPRISE COMMUNITY DEVELOPMENT LOAN FUND, INC.LHOME IS COMMITTED TO SERVING THE PEOPLE AND BUSINESSES OF LOUISVILLE'S LOW- AND MODERATE- INCOME CENSUS TRACTS, PRIMARILY OUR WEST AND SOUTH END NEIGHBORHOODS, AND CREATING INTERGENERATIONAL WEALTH OPPORTUNITIES, PARTICULARLY FOR LOUISVILLE'S BLACK AND BROWN RESIDENTS. OVER 70% OF LHOME CLIENTS ARE NON-WHITE, AND OVER 90% RESIDE IN THESE HISTORICALLY UNDERSERVED AND DISCRIMINATED SECTIONS OF OUR CITY. 0 0 1790683 78461 SOCIAL INVESTMENTS: COMMUNITY LENDING, FINANCIAL EDUCATION AND COACHING FOR PROPERTY OWNERS AND SMALL BUSINESS OWNERS IN LOW-MODERATE INCOME CENSUS TRACTS. 1790683 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 1 9 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 1 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 1 0 0 X X WILMA RIDDLE 5022158004 1126 BERRY BLVD LOUISVILLE KY 40215 X ADAM HALL CHAIR 8.00 X 0 0 0 CASSANDRA WEBB DIRECTOR 4.00 X 0 0 0 CYNTHIA BROWN DIRECTOR 4.00 X 0 0 0 DANA JOHNSON DIRECTOR 4.00 X 0 0 0 FAITH WEEKLY DIRECTOR 4.00 X 0 0 0 JENNIFER HAMMOND OUTGOING DIRECTOR 4.00 X 0 0 0 LAMECA YANKEY DIRECTOR 4.00 X 0 0 0 MARIA BOUVETTE TREASURER 6.00 X X 0 0 0 STEPHEN REILY DIRECTOR 4.00 X 0 0 0 SYVOSKIA BRAY POPE OUTGOING DIRECTOR 4.00 X 0 0 0 YAJAIRA MORPHONIOS DIRECTOR 4.00 X 0 0 0 KEITH H TALLEY PRESIDENT & CEO 40.00 X 129500 0 2811 129500 0 2811 1 0 0 0 0 2196261 386596 2582857 INTEREST REVENUE 531190 73457 73457 OTHER REVENUE 900099 5004 5004 78461 2661318 78461 0 0 616207 320428 234159 61620 31298 16275 11893 3130 44080 22922 16750 4408 75526 44561 20392 10573 102875 60696 27776 14403 140621 62571 26070 51980 4186 4186 58339 34194 16031 8114 46248 27286 12487 6475 14574 8599 3935 2040 9460 9460 34204 34204 5549 3274 1498 777 8892 5246 2401 1245 RESERVE FOR LOAN LOSSES 1131896 1131896 PROFESSIONAL DEVELOPMEN 3765 3765 3010 1120 1140 750 2330730 1790683 374532 165515 2875920 2048759 365468 1146127 1085003 1636060 10444 9716 20343 7248 3862 13095 4448 9829 4345145 4863586 6058 36227 1728753 1889940 6110 2607 1740921 1928774 X 2099224 2030114 505000 904698 2604224 2934812 4345145 4863586 330588 0 X 0 1 X 1 1 1 X 391029 797985 2970652 1188284 2507714 7855664 391029 797985 2970652 1188284 2507714 7855664 2396661 5459003 7855664 454643 0.69490 0.56790 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20343 7248 13095 13095 ACCRUED INTEREST 1027 OTHER CURRENT LIABILITIES 1580 2607 X 2661318 0 2661318 0 2661318 2330730 0 2330730 0 2330730 PART X, LINE 2: LHOME IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND COMPARABLE STATE STATUTES. LHOME DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021. ALL NONPROFIT CORPORATIONS ARE REQUIRED TO FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THERE ARE NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021, LHOME DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. INCOME TAX RETURNS FILED BY LHOME ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2019 REMAIN OPEN. FORM 990, PART VI, SECTION A, LINE 3 AN INTERIM CEO WAS HIRED ON CONTRACT TO SERVE DURING THE 2ND QUARTER OF 2021 THROUGH THE 1ST QUARTER OF 2022. A CEO WAS HIRED EFFECTIVE APRIL 1, 2022. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS COMPLETED BY EXTERNAL ACCOUNTANTS WITH MANAGEMENT'S ASSISTANCE. THE CEO AND BOARD CHAIR REVIEW THE 990 PRIOR TO SIGNING AND SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12 ANNUAL DISCLOSURES OF AFFILIATIONS ARE COMPLETED BY EACH MEMBER OF THE BOARD OF DIRECTORS AND MANAGEMENT. THE PRESIDENT AND CEO MONITORS THE CONTENTS AND THE COLLECTION OF THE DISCLOSURE FORMS. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS SURVEYED SALARIES FOR SIMILARLY SITUATED CDFIS AND NONPROFITS BY REVIEWING 990S. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC