2024-07-08T11:03:26-05:00 2023-12-31 PESTA FINNIE & ASSOCIATES LLP 6826 CARNEGIE BLVD CHARLOTTE NC 28211 990 2023-01-01 824662347 THE LOTUS CAMPAIGN % MARK ALEXANDER LOTU 7043243330 200 south college st ste 200 charlotte NC 28202 Philip Payne officer 7049442023 2024-05-16 true Philip Payne XXX-XX-XXXX true Alexander Preston P02394252 7043641829 2 2023 2023-04-26 12:10:37Z Philip Payne 200 south college st ste 200 charlotte NC 28202 724428 false X http://lotuscampaign.org/ X 2018 NC Lotus Campaign's mission is to unlock stable housing for people experiencing homelessness. See more detail on schedule O. 8 8 7 -517 0 1202071 721490 0 0 -1361 -510 1538 3448 1202248 724428 0 0 0 0 364263 409485 0 0 133514 277535 509764 641798 919249 560450 -194821 709937 515723 8434 9041 701503 506682 Lotus Campaign's mission is to unlock stable housing for people experiencing homelessness. The Lotus Campaign unites real estate leaders, landlords, service providers and philanthropists to dramatically reduce homelessness. We engage the private sector to solve the supposedly "unsolvable" epidemic of homelessness and deploy philanthropy to open access to market-rate, mixed-income housing without government funds or support. Our unprecedented approach has a 97% success rate that communities everywhere can replicate and scale. For more information please visit Lotus Campaign at lotuscampaign.org. false false 713524 Funds contributed to sponsoring organizations and participating landlords to assist with housing people experiencing homelessness. Since launching in 2018, Lotus Campaign has facilitated housing for more than 450 individuals and families. Additionally, 335 individuals have moved on to independent housing after support from Lotus Campaign's Landlord Participation Program. Lotus has also sponsored 228 lease renewals supporting 156 individuals as they continue to renew their leases as part of Lotus's programs. 713524 true true false false false false false false false false false false false true false false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false X 0 0 7 true true true false false false false false false false false false false false false false false false false false X 8 8 false false false false false false false true false false true true true true true false true false true true NC X MARK ALEXANDER 7049997168 2405 GATEWAY LANE lincolnton NC 28092 BETH SILVERMAN Executive Director 40.0 0.0 X 153287 0 0 SEAN MARONEY Senior VP of Development 40.0 0.0 X 62550 0 0 HOLLY CALVASINA DIRECTOR OF Development 40.0 0.0 X 2952 0 0 PHILIP PAYNE PRESIDENT 40.0 0.0 X X 0 0 0 MOLLY MCCABE VICE PRESIDENT 5.0 0.0 X X 0 0 0 Paul Bernard Board Member 1.0 0.0 X 0 0 0 Sylvia Kwan Board Member 1.0 0.0 X 0 0 0 Stephen Blank Board Member 1.0 0.0 X 0 0 0 JERALYN GERBA BOARD MEMBER 1.0 0.0 X 0 0 0 KEITH HARRIS BOARD MEMBER 1.0 0.0 X 0 0 0 ROB BERGDOLT BOARD MEMBER 1.0 0.0 X 0 0 0 218789 0 0 1 false true false 0 721490 25000 721490 0 -510 -517 7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 CREDIT REWARD REDEMPTION 3448 3448 724428 -517 7 0 0 0 0 218789 161171 12552 45066 0 128434 94611 7369 26454 0 29473 21711 1691 6071 32789 24154 1881 6754 0 0 0 0 0 0 99427 69483 15689 14255 202839 161138 25125 16576 0 0 0 23181 17076 1330 4775 57940 47684 1445 8811 0 0 518 518 0 0 0 OFFICE EXPENSES 27469 21114 1892 4463 LICENSES 3498 1035 2174 289 BANK FEES 118 118 PROGRAM EXPENSE FOR HOUSING 45623 45623 49151 48724 427 919249 713524 72211 133514 678485 378103 990 0 0 65000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 20000 30462 52620 709937 515723 8434 9041 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8434 9041 X 701503 466682 0 40000 701503 506682 709937 515723 -194821 X false true X false X 370855 295846 514492 1202071 721490 3104754 0 0 370855 295846 514492 1202071 721490 3104754 0 3104754 0 0 0 3104754 1.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED INVESTMENT IN SHARONS CROSSING 27120 OTHER DEPOSITS 500 INVESTMENT IN GINKGO OP LP 25000 52620 BETH SILVERMAN Executive Director 145787 7500 153287 PART VI, SECTION B, QUESTION 11 Form 990 is provided to the board members and available to others upon request. PART VI, SECTION B, QUESTION 12 The company has an HR handbook to address conflicts of interest and other policies. It has be provided to the board, the current employees, and will be provided to future employees. PART VI, SECTION C, QUESTION 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. Part VI, Section B, Question 15a Lotus Campaign board members are required to be good stewards of Lotus Campaign's assets and give appropriate financial oversight, approve the annual budget, ensure there are proper financial controls, and are accountable for its program and finances to all of its stakeholders. Additionally, board members ensure adherence to legal standards and ethical norms, including staying current with the organization's by-laws and complying with Lotus Campaign's Conflict of Interest Policy. The Board is responsible for selecting, advising, evaluating, setting compensation for and, if need be, replacing the Executive Director of Lotus Campaign. Additionally, the Board is responsible for establishing succession plans for the Executive Director and leadership team. Board members work to support the development of and appropriate compensation for the executive and leadership team members as they seek to best manage the organization and create a culture of success and impact. Part XII, Question 1 Taxpayer changed its method of accounting from the cash method to the accrual method. See attached form 3115. FORM 990 PART IX LINE 11G DESCRIPTION:OTHER CONTRACT SERVICES TOTAL FEES:99427