2024-05-14T10:52:27-05:00 2023-06-30 221478099 COHNREZNICK LLP 500 EAST PRATT STREET 4TH FLOOR BALTIMORE MD 21202 990 2022-07-01 800837811 LAS VEGAS COMMUNITY INVESTMENT CORP LASV 7022296077 495 SOUTH MAIN STREET 6TH FLOOR LAS VEGAS NV 89101 GARY AMELING PRESIDENT 7022296501 2024-05-10 1 GARY AMELING XXX-XX-XXXX 0 PHILIP H CORNBLATT CPA P00252478 4107834900 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z GARY AMELING 495 SOUTH MAIN STREET 7TH FL LAS VEGAS NV 89101 621644 0 X N/A X 2012 NV TO DEVELOP PROJECTS IN LOW-INCOME AREAS WITHIN LAS VEGAS' HIGHLY DISTRESSED NEIGHBORHOODS. 7 0 0 0 0 0 0 0 710661 621644 0 0 0 0 710661 621644 0 0 0 0 0 0 0 0 0 25158 22822 25158 22822 685503 598822 3173168 3763076 44459 35545 3128709 3727531 X SEE SCHEDULE O 0 0 22760 621644 UNDER THE ORGANIZATION'S ALLOCATION AGREEMENTS WITH THE CDFI FUND, THE ORGANIZATION HAS ESTABLISHED CDES WHICH ARE APPROVED "SUBSIDIARY ALLOCATEES" OF THE ORGANIZATION. THE ORGANIZATION IS THE MANAGING MEMBER OF EACH OF THE SUBSIDIARY ALLOCATEES. AN ALLOCATION AGREEMENT PLACES RESTRICTIONS ON THE CDE'S OPERATIONS, INCLUDING, BUT NOT LIMITED TO, A SPECIFIC GEOGRAPHICAL AREA OF THE LOW-INCOME COMMUNITIES THE CDE MUST SERVE. THE ORGANIZATION HAS BEEN APPROVED TO SERVE LOW-INCOME COMMUNITIES IN THE STATES OF ARIZONA AND NEVADA. AS OF JUNE 30, 2023 AND 2022, THE ORGANIZATION HAD UTILIZED $128,000,000, RESPECTIVELY, OF ITS NMTC ALLOCATIONS. 22760 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X PAUL BRESNAHANELISABETH BURAK 7022292254 495 SOUTH MAIN STREET6TH FLOOR LAS VEGAS NV 89101 GARY AMELING PRESIDENT 1.00 39.00 X X 0 263434 0 SUSAN HELTSLEY TREASURER 1.00 39.00 X X 0 180108 0 JORGE CERVANTES DIRECTOR 1.00 39.00 X 0 328596 0 KATHI THOMAS-GIBSON DIRECTOR 1.00 39.00 X 0 221954 0 LISA MORRIS-HIBBLER DIRECTOR 1.00 39.00 X 0 265096 0 RYAN SMITH VICE PRESIDENT/SECRETARY 1.00 39.00 X 0 194311 0 TOM PERRIGO DIRECTOR 1.00 39.00 X 0 293327 0 0 1746826 0 0 0 1 0 0 ASSET MANAGEMENT FEE 900099 549232 549232 INCENTIVE MANAGEMENT 900099 61241 61241 DEBT FINANCE INCOME 900099 11100 11100 CDE INCOME 900099 71 71 621644 621644 621644 0 0 X 875 875 18132 18132 3653 3653 PERMIT FEES 100 100 BANK SERVICE FEE 62 62 22822 22760 62 0 2386438 2503465 220225 194123 555000 1055000 11505 10488 3173168 3763076 59 2245 44400 33300 44459 35545 X 3128709 3727531 3128709 3727531 3173168 3763076 598822 0 X X 0 1 X 1 0 X X 1 CITY OF LAS VEGAS 886000198 6 1 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PART IV, SECTION A, LINE 2 THE ORGANIZATION SUPPORTS THE CITY OF LAS VEGAS, A GOVERNMENTAL ENTITY. PART IV, SECTION C, LINE 1 THE LVCIC BOARD OF DIRECTORS IS COMPRISED OF EMPLOYEES OF THE CITY OF LAS VEGAS. 0 X 621644 0 621644 0 621644 22822 0 22822 0 22822 PART X, LINE 2: NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS AS THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER IRC SECTION 501(C)(3) AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2023 AND 2022. THE ORGANIZATION IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE INTERNAL REVENUE SERVICE ("IRS") AND OTHER TAXING AUTHORITIES. INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2020 REMAIN OPEN. THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED JUNE 30, 2023 AND 2022. 0 0 0 0 0 0 0 0 0 JORGE CERVANTES DIRECTOR 0 328596 0 0 0 0 0 0 0 0 0 328596 0 0 TOM PERRIGO DIRECTOR 0 293327 0 0 0 0 0 0 0 0 0 293327 0 0 LISA MORRIS-HIBBLER DIRECTOR 0 265096 0 0 0 0 0 0 0 0 0 265096 0 0 GARY AMELING PRESIDENT 0 263434 0 0 0 0 0 0 0 0 0 263434 0 0 KATHI THOMAS-GIBSON DIRECTOR 0 221954 0 0 0 0 0 0 0 0 0 221954 0 0 RYAN SMITH VICE PRESIDENT/SECRETARY 0 194311 0 0 0 0 0 0 0 0 0 194311 0 0 SUSAN HELTSLEY TREASURER 0 180108 0 0 0 0 0 0 0 0 0 180108 0 0 FORM 990, PART III, LINE 1 IN AUGUST 2012, THE LAS VEGAS COMMUNITY INVESTMENT CORPORATION (LVCIC), A NONPROFIT COMMUNITY DEVELOPMENT ENTITY (CDE), WAS CREATED TO PURSUE NEW MARKETS TAX CREDIT (NMTC) ALLOCATION. NMTCS ENABLE LVCIC TO PROVIDE FLEXIBLE FINANCING TO BORROWERS THAT ARE FOCUSED ON DELIVERING EXCEPTIONAL SERVICE TO THE CITY OF LAS VEGAS' IMPOVERISHED NEIGHBORHOODS. LVCIC HAS RECEIVED THREE ALLOCATION AWARDS TOTALING $128 MILLION. AS OF JANUARY 2021, LVCIC HAS USED $128 MILLION OF ITS ALLOCATION TO INVEST IN TEN PROJECTS. EACH INVESTMENT IS MADE WITH THE GOAL OF IMPROVING THE LIVES OF STRUGGLING RESIDENTS THROUGH QUANTIFIABLE COMMUNITY BENEFITS SUCH AS JOB CREATION AND THE DELIVERY OF NECESSARY COMMUNITY GOODS AND SERVICES. LVCIC'S SERVICE AREA IS GREATER LAS VEGAS, HOWEVER NMTC INVESTMENTS ARE TARGETED TO THE MOST DISTRESSED AREAS OF OUR SERVICE AREA. FORM 990, PART VI, SECTION B, LINE 11B EUD'S BUDGET ANALYST RECEIVES THE 990 CHECKLIST AND WORKS WITH FINANCE'S SR. FINANCIAL ANALYST TO REVIEW AND UPDATE THE 990 CHECKLIST. AT TIMES, THE DIRECTOR, SR. ECONOMIC DEVELOPMENT SPECIALIST, WILL BE INVOLVED IN THE REVIEW AND UPDATES. THE FINAL IS PRESENTED TO THE PRESIDENT OF LVCIC FOR HIS REVIEW. THE BUDGET ANALYST WORKS IN TANDEM WITH COHNREZNICK REPRESENTATIVES TO ENSURE THE 990 IS COMPLETED. FORM 990, PART VI, SECTION B, LINE 12C THE LVCIC FOLLOWS THE CITY OF LAS VEGAS POLICIES AND PROCEDURES. FORM 990, PART VI, SECTION B, LINE 15 THE LVCIC BOARD IS STAFFED BY CITY EMPLOYEES WHO ARE COMPENSATED BY THE CITY OF LAS VEGAS AND NOT FROM THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE FOR PUBLIC INSPECTION AT THE ORGANIZATION'S OFFICE DURING REGULAR BUSINESS HOURS UPON REQUEST. LAS VEGAS COMMUNITY INVESTMENT CORPORATION 495 SOUTH MAIN STREET, 6TH FLOOR, LAS VEGAS, NV 89101 ATTN: BILL ARENT FORM 990, PART IX, LINE 11G PREMIUMS PAID: PROGRAM SERVICE EXPENSES 3,653. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,653. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. 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