2024-10-07T15:04:34-07:00 2023-12-31 461594234 Boggeln & Company Inc 215 1/2 Main Street Huntington Beach CA 92648 990 2023-01-01 330711110 LINC - COMMUNITY DEVELOPMENT CORPORATION LINC 5626841100 3590 ELM AVENUE LONG BEACH CA 90807 DONIELLE NICHOLS VP OF FINANCE 2024-10-07 true true CHERI L BOGGELN P00854324 7143747434 2023 2024-10-15 13:58:12Z 3590 ELM AVENUE LONG BEACH CA 90807 7444700 false X WWW.LINCHOUSING.ORG X 1996 CA 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. 5 4 0 0 2654 0 7064979 7384220 56711 60480 0 7124344 7444700 445937 406874 0 0 0 0 6706751 10633815 7152688 11040689 -28344 -3595989 66942934 77517274 82640199 96810598 -15697265 -19293324 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. false false 9549975 406874 7384220 PROVIDE LOW INCOME AFFORDABLE HOUSING TO NEEDY INDIVIDUALS. 9549975 true false false false false false false false false false false false true false true true true true false false false false false false false false false true false true false false false false false false false false false false false false true true true true false false true 0 0 true 0 false false false false false false false 0 false false false false false false false X 5 4 false false false false false false false true true false true true true false false false false true true false CA X donielle nichols 5626841100 3590 ELM AVENUE LONG BEACH CA 90807 REBECCA F CLARK CEO 0.00 36.00 X 0 512290 41557 SUNY CHANG president & coo 0.00 36.00 X 0 450953 47624 ANDERS PLETT SVP DEVELOPMENT 0.00 36.00 X 0 251465 47328 BENJAMIN WINTER SVP BUS DEVELOP 0.00 36.00 X 0 246470 42541 DONIELLE NICHOLS VP OF FINANCE 0.00 36.00 X 0 221633 39845 EILEEN K DOOLEY VP CORP DEVELOP 0.00 36.00 X 0 179766 26562 MARIA MARQUEZ-BROOKES Chairman 0.08 36.00 X X 0 172508 30508 MARK MONTOYA VICE Chairman 0.08 0.00 X 0 0 0 KERRY BROWN Secretary 0.12 0.00 X 0 0 0 TITANIA DAVIS MEMBER 0.08 0.00 X 0 0 0 JUAN GERARDO MEMBER 0.03 0.00 X 0 0 0 2035085 275965 0 false true false 0 0 ASSET MANAGEMENT FEE 531390 17434 17434 DEVELOPMENT FEE 531390 798661 798661 INCENTIVE MANAGEMENT FEE 531390 472855 472855 PARTNERSHIP MANAGMENT FEE 531390 182022 182022 RENTAL INCOME 531110 5913248 5913248 7384220 60480 60480 0 0 0 0 0 0 0 0 7444700 7384220 60480 406874 406874 0 0 0 0 0 0 0 0 0 0 0 19742 19742 0 0 0 0 0 0 0 0 0 0 0 0 0 1470972 1470972 0 0 RENTAL EXPENSE 8719017 8719017 OTHER DEDUCTIONS FROM K-1 424084 424084 0 11040689 9549975 1490714 0 4104 4054 0 0 2014875 2383951 0 0 63346 161929 0 0 0 0 0 64860609 74967340 0 0 66942934 77517274 24650 23650 82615549 96786948 82640199 96810598 X -15697265 -19293324 -15697265 -19293324 66942934 77517274 X -3595989 -70 X false true X false false X X 1 LINC HOUSING CORPORATION 330578620 10 true 406874 0 1 406874 0 true false false false false false false false false false false false false false false true false 74967340 ASSET MANAGEMENT FEE PAYABLE 1112353 DEVELOPER FEE PAYABLE 1271598 DUE TO AFFILIATE 11795537 NONRECOURSE DEBT FROM K-1 8015175 QUALIFIED NONRECOURSE DEBT FROM K-1 40467811 RECOURSE DEBT FROM K-1 34124474 96786948 X 7444700 7444700 7444700 11040689 11040689 11040689 Part X : FIN48 Footnote SCHEDULE D, PART X, LINE 2:LINC-COMMUNITY DEVELOPMENT CORPORATION HAS EVALUATED ITS TAX POSITIONS AND THE CERTAINTY AS TO WHETHER THOSE POSITIONS WILL BE SUSTAINED IN THE EVENT OF AN AUDIT BY TAXING AUTHORITIES AT THE FEDERAL AND STATE LEVELS. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS WILL MORE LIKELY THAN NOT BE SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURE OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. true LINC HOUSING CORPORATION 3590 ELM AVENUE LONG BEACH CA 90807 330578620 501(C)(3) 406874 0 Development of Affordable Housing 1 0 false false false false false false false false false ANDERS PLETT SVP DEVELOPMENT 213173 32892 5400 10328 37000 298793 BENJAMIN WINTER SVP BUS DEVELOP 211113 29957 5400 9785 32756 289011 DONIELLE NICHOLS VP OF FINANCE 181729 39904 9470 30375 261478 EILEEN K DOOLEY VP CORP DEVELOP 162642 17124 7458 19104 206328 MARIA MARQUEZ-BROOKES Chairman 151271 21237 7029 23479 203016 REBECCA F CLARK CEO 377311 129579 5400 13200 28357 553847 SUNY CHANG president & coo 350956 94597 5400 13200 34424 498577 Form 990, Part VI, Section B, Line 11b THE TAX RETURN WAS PROVIDED TO THE ENTIRE BOARD FOR REVIEW PRIOR TO FILING THE RETURN. Form 990, Part VI, Section B, Line 15b N/A BECAUSE NO COMPENSATION Form 990, Part VI, Section C, Line 19 THE ORGANIZATION MAKES COPIES OF ITS GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS AND PROVIDES THEM TO THE PUBLIC WHEN REQUESTED. Form 990, Part XI, Line 9 BOOK/TAX DIFFERENCE IN INVESTMENTS = -$70 CHANGE IN FUND BALANCE THE TAX RETURN HAS BEEN PREPARED TO INCLUDE LINC - COMMUNITY DEVELOPMENT CORP. ACTIVITIES PLUS THEIR INVESTMENT IN PARTNERSHIPS PER THEIR 2023 K-1S SO THAT THE PARTNERSHIP ACTIVITY CORRECTLY REFLECTS THE ORGANIZATION'S PERCENTAGE INTEREST IN THE PARTNERSHIPS. THE SCHEDULE K-1 ITEMS OF INCOME AND EXPENSE ARE ON A TAX BASIS, SO THERE IS AN ADJUSTMENT TO CORRECT FUND BALANCE DUE TO BOOK AND TAX DIFFERENCES FROM THE ORGANIZATION'S PARTNERSHIP INVESTMENTS AS FOLLOWS:BEGINNING FUND BALANCE $(15,697,265).CURRENT YEAR NET INCOME $(3,595,989).INCREASE/(DECREASE) DUE TO BOOK/TAX DIFFERENCES FROM $(70). INVESTMENT IN PARTNERSHIPS PER K-1s ENDING FUND BALANCE $(19,293,324). SUPPLEMENTAL INFO: SCH J PAGE 1, Q 3 N/A - THERE IS NO COMPENSATION. 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