Lexington Home Ownership Commission Inc
- Assets
- $12.6m
- Revenue
- $0.0
- Investments
- $12.3m
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 01/1995
- Data as of
- 06/2021
- EIN
- 61-1266993
Organization Overview
Lexington Home Ownership Commission Inc is located in Lexington, KY. The organization was established in 1995. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lexington Home Ownership Commission Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HOME OWNERSHIP OPPORTUNITIES TO LOW TO MODERATE INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION ACTS AS A DEVELOPER FOR VARIOUS AFFORDABLE HOUSING PROJECTS. THE DEVELOPER FEES RECEIVED CONSTITUTE "PROGRAM INCOME" TO LEXINGTON HOUSING AUTHORITY, A RELATED ORGANIZATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Austin Simms President | OfficerTrustee | 1 | $0 |
Daryl Smith Board Member | OfficerTrustee | 0.1 | $0 |
Shirley Cook Vice President | OfficerTrustee | 0.1 | $0 |
Sean Cooper Secretary/treasurer | Officer | 1 | $0 |
Ken Kerns Board Member | Trustee | 0.1 | $0 |
Joan Whitman Board Member | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $0 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $0 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $225,007 |
| Savings and temporary cash investments | $113,207 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $12,265,224 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,603,438 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $338,214 |
| Net assets with donor restrictions | $12,265,224 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $12,603,438 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Affordable Housing Partners Inc Carmel, IN | $150,650,716 | $9,214,618 |
Healing Place Inc Louisville, KY | $37,666,074 | $13,853,449 |
Iccf Community Home Grand Rapids, MI | $56,991,774 | $12,188,676 |
Redwood Housing Inc North Bethesda, MD | $20,814,666 | $9,748,902 |
Wesley Manor Retirement Community Inc Louisville, KY | $9,224,359 | $9,135,157 |
New Directions Housing Corporation Louisville, KY | $27,737,851 | $9,868,214 |
Quantum Leap Incorporated Owings Mills, MD | $5,705,327 | $10,590,866 |
Magnolia Housing Inc North Bethesda, MD | $6,233,975 | $1,178,678 |
Western Home Services Inc Cedar Falls, IA | $36,931,248 | $9,460,886 |
Washington And Jane Smith Home Chicago, IL | $45,946,166 | $12,016,022 |
St Luke Homes & Services Inc Spencer, IA | $9,786,466 | $9,281,620 |
Edsel And Eleanor Ford House Grosse Pointe Shores, MI | $328,038,802 | $12,445,182 |