2025-08-19T07:40:37-05:00 2024-12-31 882730877 CHERRY BEKAERT ADVISORY LLC 101 SOUTH 5TH STREET STE 2100 LOUISVILLE KY 40202 990 2024-01-01 351112746 LINCOLN HILLS DEVELOPMENT CORPORATION LINC 8125473435 PO BOX 336 TELL CITY IN 475860336 TIFFANY LAMPERT QUINN CHIEF EXECUTIVE OFFICER 8125473435 2025-08-13 1 1 STEPHANIE LEW P01080011 8885871719 2024 2025-03-06 01:10:19Z DAYNE SEIBERT PO BOX 336 TELL CITY IN 475860336 13527802 0 X WWW.LHDC.ORG X 1965 IN LHDC IS THE DESIGNATED COMMUNITY ACTION AGENCY FOR CRAWFORD, PERRY, AND SPENCER COUNTIES. LHDC EXISTS TO IMPROVE THE QUALITY OF LIFE IN THE COMMUNITIES WE SERVE. IN ADDITION TO CRAWFORD, PERRY, AND SPENCER COUNTIES, LHDC ALSO OFFERS SERVICES IN DUBOIS, GIBSON, HARRISON, LAWRENCE, ORANGE, PIKE, VANDERBURGH, AND WARRICK COUNTIES. X 18 18 167 212 0 0 8479431 8705793 4363759 4710799 309591 -3218719 53144 26363 13205925 10224236 1731485 2112955 0 0 5884915 4957830 0 0 35247 5151388 5774212 12767788 12844997 438137 -2620761 12463984 8414759 3155756 2978129 9308228 5436630 X REDUCING POVERTY TO IMPROVE LIVES AND COMMUNITIES IN SOUTHERN INDIANA. 0 0 6246508 4722457 DURING 2024, THE HEAD START BIRTH TO 5 PROGRAM PROVIDED COMPREHENSIVE EDUCATION, MEDICAL, NUTRITION, HEALTH AND SOCIAL SERVICES FOR A FUNDED ENROLLMENT OF 206 ENROLLED CHILDREN SERVED IN SEVEN CENTERS THROUGHOUT CRAWFORD, HARRISON, PERRY, AND SPENCER COUNTIES. THEY EXPANDED THE SERVICES PROVIDED FOR EARLY HEAD START AND REDUCED THE NUMBER OF SLOTS FOR THE HEAD START. 2288632 2103655 DURING 2024, THE STATE SECTION 8 PROGRAM PROVIDED HOUSING ASSISTANCE PAYMENTS TO 601 INDIVIDUALS IN CRAWFORD, GIBSON, PERRY, SPENCER, VANDERBURGH, AND WARRICK COUNTIES. 532416 9300 DURING 2024, 11 FAMILIES IN CRAWFORD, PERRY, HARRISON, AND SPENCER COUNTIES RECEIVED HOME WEATHERIZATION SERVICES. ALL HOMES RECEIVED BASIC ENERGY CONSERVATION SERVICES, WHICH REDUCES LONG-TERM ENERGY BILLS. IN THE ENERGY ASSISTANCE PROGRAM, 1,959 HOUSEHOLDS (3,555 INDIVIDUALS) RECEIVED ASSISTANCE IN PAYMENT OF THEIR WINTER HEATING BILLS. THE EMERGENCY REPAIR AND REPLACE PROGRAM SERVED 8 HOUSEHOLDS (17 INDIVIDUALS) IN 2024. 908189 THE PROGRAM RECEIVES FUNDING FROM VARIOUS AGENCIES TO PROVIDE SERVICES TO LOW INCOME, ELDERLY, AND HANDICAPPED INDIVIDUALS. 908189 9975745 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 1 169 0 1 167 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X SHANNON SPRINKLE 8125473435 PO BOX 336 TELL CITY IN 475860336 JEFF HAGEDORN PRESIDENT 1.00 0.00 X X 0 0 0 JILL KAETZEL VICE PRESIDENT 1.00 0.00 X X 0 0 0 DAYNE SEIBERT TREASURER 1.00 0.00 X X 0 0 0 ROBERT COMPTON DIRECTOR 1.00 0.00 X 0 0 0 JUDY DAVIS DIRECTOR 1.00 0.00 X 0 0 0 DARWIN GROVES DIRECTOR 1.00 0.00 X 0 0 0 LANA HARTZ DIRECTOR 1.00 0.00 X 0 0 0 EMILY JAMES DIRECTOR 1.00 0.00 X 0 0 0 ANJAN KASHYAB DIRECTOR 1.00 0.00 X 0 0 0 DIANE LITKENHUS DIRECTOR 1.00 0.00 X 0 0 0 CODY RHODES-DAWSON DIRECTOR 1.00 0.00 X 0 0 0 NICK SILER DIRECTOR 1.00 0.00 X 0 0 0 PAM THOMPSON DIRECTOR 1.00 0.00 X 0 0 0 ANTHONY VINSON DIRECTOR 1.00 0.00 X 0 0 0 BECKY WALTS DIRECTOR 1.00 0.00 X 0 0 0 JASON WOLF DIRECTOR 1.00 0.00 X 0 0 0 HELEN LOUISE WRIGHT DIRECTOR 1.00 0.00 X 0 0 0 KEVIN WRIGHT DIRECTOR 1.00 0.00 X 0 0 0 TIFFANY LAMPERT QUINN CHIEF EXECUTIVE OFFICER 35.00 0.00 X 113913 0 14545 SHANNON SPRINKLE CHIEF FINANCIAL & HR OFFICER 35.00 0.00 X 110716 0 13606 224629 0 28151 2 0 0 0 0 8700793 5000 8705793 HOUSING REVENUE 624200 2810361 2810361 LINCOLN VILLAGE APTS 624200 498985 498985 HOUSING FOR THE ELDERL 624200 486058 486058 VILLAGE APTS OF CORYDO 624200 310928 310928 VILLAGE APTS OF CORYDO 624200 291337 291337 313130 313130 4710799 36686 36686 31852 3287257 -3255405 -3255405 -3255405 22457 11808 10649 10649 8557 4501 4056 4056 MISCELLANEOUS INCOME 900099 11658 11658 11658 10224236 4722457 0 -3204014 2112955 2112955 252780 252780 3465953 2784331 656756 24866 157758 126887 29540 1331 698106 543568 148934 5604 383233 291241 88937 3055 15382 15382 50 50 103232 15565 87667 324 324 410509 251416 159093 7283 3834 3449 766985 460153 306441 391 84985 1577 83408 1077733 980427 97306 159976 151652 8324 90122 90122 621766 331796 289970 387740 320512 67228 HOUSING PROJECT TRANSFE 877683 877683 FOOD 162764 162764 TRAINING 72612 59603 13009 935066 409285 525781 12844997 9975745 2834005 35247 1159498 1183553 379945 429746 453041 302358 61039 473809 13011 29242 19457566 13154596 6477494 6302970 420365 447564 3114072 -837623 385519 83140 12463984 8414759 821134 937003 538880 406694 1630742 1469432 165000 165000 3155756 2978129 X 9308228 5436630 9308228 5436630 12463984 8414759 X -2620761 43783 3467 -1298087 X X 0 1 X 1 1 1 X 8293945 7644985 8487810 8479431 8705793 41611964 8293945 7644985 8487810 8479431 8705793 41611964 41611964 6318 1477 2806 263558 36686 310845 14507 19618 19179 14705 68009 41990818 19906745 0.99100 0.99210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 324 324 9975421 9975745 648787 162197 0 0 624463 790194 788389 648787 2851833 4277750 323 324 647 156116 197549 197097 162197 712959 1069439 1869779 1869779 14787896 12723061 2064835 2799891 431535 2368356 6302970 STATE GRANT OBLIGATIONS 165000 165000 X PART X, LINE 2: LHDC IS A NON-PROFIT CORPORATION INCORPORATED UNDER THE LAWS OF THE STATE OF INDIANA AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. LHDC'S SUBSIDIARY, LINCOLN MANOR APARTMENTS, INC., IS ORGANIZED AS A REGULAR C CORPORATION, AND CONSEQUENTLY IS SUBJECT TO FEDERAL, STATE, AND LOCAL INCOME TAX ON THEIR EARNINGS AND PROFITS. WITH RESPECT TO THIS CORPORATION, THERE WAS NO SIGNIFICANT OPERATING ACTIVITY DURING THE YEAR ENDED DECEMBER 31, 2024. THEREFORE, NO INCOME TAX PROVISION HAS BEEN RECORDED IN THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2024. ADDITIONALLY, THERE ARE NO SIGNIFICANT TIMING DIFFERENCES BETWEEN CONSOLIDATED FINANCIAL STATEMENT REPORTING AND INCOME TAX REPORTING. THEREFORE, NO PROVISION HAS BEEN RECORDED FOR DEFERRED TAXES. THIS CORPORATION RECOGNIZES UNCERTAIN INCOME TAX POSITIONS USING THE "MORE-LIKELY-THAN-NOT" APPROACH AS DEFINED IN THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ACCOUNTING STANDARDS CODIFICATION. FASB ASU NO. 2009-6 DEFINES TAX POSITIONS APPLICABLE TO PASS-THROUGH ENTITIES, SUCH AS S CORPORATIONS, PARTNERSHIPS, AND LIMITED LIABILITY COMPANIES, AND ONLY REQUIRES INCOME TAXES ATTRIBUTED TO THE REPORTING ENTITY AND NOT THE INDIVIDUAL OWNERS TO BE CONSIDERED TAX POSITIONS. THIS ENTITY RECOGNIZES UNCERTAIN INCOME TAX POSITIONS USING THE "MORE-LIKELY-THAN-NOT" APPROACH AS DEFINED IN THE FASB ACCOUNTING STANDARDS CODIFICATION. GOLF OUTING 13275 13275 800 3300 892 683 SILENT AUCTION 7432 7432 5058 359 20707 20707 800 5058 3300 892 1042 11092 9615 1 HOUSING ASSISTANCE FOR LOW-INCOME, ELDERLY, AND HANDICAPPED INDIVIDUALS. 601 2103655 ENERGY ASSISTANCE AND WEATHERIZATION SERVICES FOR FAMILIES. 3563 9300 PART I, LINE 2: EACH PROGRAM WITHIN THE ORGANIZATION IS SUBJECT TO MONITORING REVIEWS BY THE RESPECTIVE FUNDING SOURCE TO VERIFY THE APPROPRIATE USE OF FUNDS. THE ORGANIZATION ALSO COMPLETES AN ANNUAL AUDIT. INVESTMENT IN COTTON MILL APARTMENT LP 2020-10-04 3952931 BOOK VALUE 934833391 COTTON MILL APARTMENTS REHAB LP 302 MAIN STREET TELL CITY IN 47586 LIMITED PARTNERSHIP 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B UPON RECEIPT OF THE 990, THE CHIEF FINANCIAL & HR OFFICER AND CHIEF EXECUTIVE OFFICER CONDUCT A PRELIMINARY REVIEW PRIOR TO PRESENTING THE DOCUMENT TO THE LHDC AUDIT COMMITTEE AND SUBSEQUENTLY TO THE FULL LHDC BOARD OF DIRECTORS. IF NO REVISIONS ARE IDENTIFIED, THE CHIEF FINANCIAL & HR OFFICER WILL INFORM THE AUDITING FIRM TO PROCEED. THE 990 WILL THEN BE FORMALLY FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL CONFLICT OF INTEREST FORMS SUBMITTED BY MEMBERS OF THE BOARD OF DIRECTORS ARE REVIEWED BY THE FINANCE COMMITTEE. BOARD MEMBERS ARE REMINDED THAT, SHOULD A CONFLICT OF INTEREST ARISE, THEY MUST PROMPTLY NOTIFY THE CHIEF EXECUTIVE OFFICER AND COMPLETE A NEW DISCLOSURE FORM. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR ALL OTHER EMPLOYEES IS EVALUATED EACH YEAR AND APPROVED BY BOTH THE CHIEF OPERATING OFFICER AND THE CHIEF EXECUTIVE OFFICER. TO ENSURE EQUITY AND COMPETITIVENESS, MULTIPLE SOURCES ARE CONSULTED FOR COMPARISON, INCLUDING THE SALARY SURVEY REPORT CONDUCTED BY THE CENTER FOR COMMUNITY FUTURES AND THE INDIANA COMMUNITY ACTION NETWORK SALARY SURVEYS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE ACCESSIBLE TO THE PUBLIC AT ITS BUSINESS OFFICE IN TELL CITY, INDIANA. FORM 990, PART XI, LINE 9: STEP-UP IN BASIS FOR SALE OF RELATED PARTY ASSETS -1,298,087. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S BOARD OF DIRECTORS TAKES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF FINANCIAL STATEMENTS AND THE SELECTION OF THE INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS. LINCOLN MANOR OF HOLLAND LP PO BOX 336 TELL CITY IN 47586 352059589 TO PROVIDE LOW INCOME HOUSING FOR ELDERLY AND HANDICAPPED. IN LINCOLN HILLS DEVELOPMENT CORP RELATED -29360 189063 0 0 0.99990 COTTON MILL APARTMENTS LP 302 MAIN STREET TELL CITY IN 47586 352072194 TO PROVIDE LOW INCOME HOUSING IN LINCOLN HILLS DEVELOPMENT CORP RELATED -481601 8133 0 0 COUNTRY PLACE APARTMENTS VI LTD PO BOX 336 TELL CITY IN 47586 351504740 TO PROVIDE LOW INCOME HOUSING IN N/A RELATED 7371 658921 0 1 0.99990 HARTFORD PLACE APARTMENTS LP PO BOX 336 TELL CITY IN 47586 351900498 TO PROVIDE LOW INCOME HOUSING IN LINCOLN HILLS DEVELOPMENT CORP RELATED -14763 354576 0 1 0.99000 CHANDLER HEIGHTS ASSOCIATES LTD 302 MAIN STREET TELL CITY IN 47586 351523031 TO PROVIDE LOW INCOME HOUSING IN LINCOLN HILLS DEVELOPMENT CORP RELATED 19196 445652 0 1 0.95000 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0