2025-09-02T10:19:58-07:00 2024-12-31 461594234 Boggeln & Company Inc 215 1/2 Main Street Huntington Beach CA 92648 990 2024-01-01 330711110 LINC - COMMUNITY DEVELOPMENT CORPORATION LINC 5626841100 3590 ELM AVENUE LONG BEACH CA 90807 ERIK SVENSSON CFO 2025-09-02 true true CHERI L BOGGELN P00854324 7143747434 2024 2025-03-06 01:10:19Z 3590 ELM AVENUE LONG BEACH CA 90807 8362180 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 0 7384220 8299225 60480 62955 0 7444700 8362180 406874 569881 0 0 0 0 10633815 8039971 11040689 8609852 -3595989 -247672 77517274 72432434 96810598 91923126 -19293324 -19490692 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 7834425 569881 8299225 PROVIDE LOW INCOME AFFORDABLE HOUSING TO NEEDY INDIVIDUALS. 7834425 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 1 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 512339 43809 SUNY CHANG president & coo 0.00 36.00 X 0 477746 50685 JAMES ALIBERTI svp 0.00 36.00 X 0 235433 38531 CECI NGO SVP HSG DEV 0.00 36.00 X 0 228087 43996 DONIELLE NICHOLS VP OF FINANCE 0.00 36.00 X 0 212457 26821 MARIA MARQUEZ-BROOKES Chairman 0.06 36.00 X X 0 191519 31509 ERIK SVENSSON CFO 0.00 36.00 X 0 136242 6964 MARK MONTOYA VICE Chairman 0.05 0.00 X 0 0 0 KERRY BROWN Secretary 0.06 0.00 X 0 0 0 TITANIA DAVIS MEMBER 0.05 0.00 X 0 0 0 JUAN GERARDO MEMBER 0.05 0.00 X 0 0 0 1993823 242315 0 false true false 0 0 743(b) ADJ INC FROM K-1 531110 1348 1348 ASSET MANAGEMENT FEE 531390 16246 16246 PARTNERSHIP MANAGMENT FEE 531390 707824 707824 RENTAL INCOME 531110 7573807 7573807 8299225 62955 62955 0 0 0 0 0 0 0 0 8362180 8299225 62955 569881 569881 0 0 0 0 0 0 0 0 0 0 0 51357 51357 0 0 0 0 0 0 0 0 0 0 0 0 0 724070 724070 0 0 RENTAL EXPENSE 6797862 6797862 OTHER DEDUCTIONS FROM K-1 392262 392262 743(b) ADJ EXP FROM K-1 74420 74420 0 8609852 7834425 775427 0 4054 2184 0 0 2383951 1939949 0 0 161929 85385 0 0 0 0 0 74967340 70404916 0 0 77517274 72432434 23650 23650 96786948 91899476 96810598 91923126 X -19293324 -19490692 -19293324 -19490692 77517274 72432434 X -247672 50304 X false true X false false X X 1 LINC HOUSING CORPORATION 330578620 10 true 569881 0 1 569881 0 true false false false false false false false false false false false false false false true false 70404916 ASSET MANAGEMENT FEE PAYABLE 1211553 DEVELOPER FEE PAYABLE 651852 DUE TO AFFILIATE 12411838 NONRECOURSE DEBT FROM K-1 12623382 QUALIFIED NONRECOURSE DEBT FROM K-1 60609668 RECOURSE DEBT FROM K-1 4391183 91899476 X 8362180 8362180 8362180 8609852 8609852 8609852 Part X : FIN48 Footnote SCHEDULE D, PART X, LINE 2:LINC-COMMUNITY DEVELOPMENT CORPORATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE"), AND IS EXEMPT FROM STATE INCOME TAXES UNDER THE COMPARABLE STATE TAX CODE, AS CHARITABLE ORGANIZATIONS WHEREBY ONLY UNRELATED INCOME, AS DEFINED BY SECTION 512(A)(1) OF THE CODE, IS SUBJECT TO FEDERAL INCOME TAX. THE ENTITY FILES AN EXEMPT ORGANIZATION RETURN IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF CALIFORNIA.THE ORGANIZATION FOLLOWS THE ACCOUNTING STANDARD FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THE GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR FINANICAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE ORGANIZATION FOR UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2024 AND 2023. true LINC HOUSING CORPORATION 3590 ELM AVENUE LONG BEACH CA 90807 330578620 501(C)(3) 569881 0 Development of Affordable Housing 1 0 false false false false false false false false false CECI NGO SVP HSG DEV 187482 40605 9218 34778 272083 DONIELLE NICHOLS VP OF FINANCE 185061 27396 8972 17849 239278 JAMES ALIBERTI svp 207733 27700 9546 28985 273964 MARIA MARQUEZ-BROOKES Chairman 167909 23610 7762 23747 223028 REBECCA F CLARK CEO 388873 118066 5400 13800 30009 556148 SUNY CHANG president & coo 346604 125742 5400 13800 36885 528431 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 = $50304 CHANGE IN FUND BALANCE THE TAX RETURN HAS BEEN PREPARED TO INCLUDE LINC - COMMUNITY DEVELOPMENT CORP. ACTIVITIES PLUS THEIR INVESTMENT IN PARTNERSHIPS PER THEIR 2024 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 $(19,293,324).CURRENT YEAR NET INCOME $(247,672).INCREASE/(DECREASE) DUE TO BOOK/TAX DIFFERENCES FROM $50,304 . INVESTMENT IN PARTNERSHIPS PER K-1s ENDING FUND BALANCE $(19,490,692). SUPPLEMENTAL INFO: SCH J PAGE 1, Q 3 N/A - THERE IS NO COMPENSATION. LINC TORRANCE ASSOCIATES LLC 3590 ELM AVENUE LONG BEACH CA 90807 272708202 LOW INC HSG CA 36770 195043 LINC-COMM DEVELOPMENT CORP LINC CDC-WHITTIER LLC 3590 ELM AVENUE LONG BEACH CA 90807 330711110 LOW INC HSG CA 239 LINC-COMM DEVELOPMENT CORP LINC-NYC LLC 3590 ELM AVENUE LONG BEACh CA 90807 454978065 LOW INC HSG CA 12682 1460538 LINC-COMM DEVELOPMENT CORP LINC-WILSHIRE LLC 3590 ELM AVENUE LONG BEACH CA 90807 454945147 LOW INC HSG CA 25582 9339 LINC-COMM DEVELOPMENT CORP LINC CDC-HUNTINGTON PARK APTS LLC 3590 ELM AVENUE LONG BEACH CA 90807 461267268 LOW INC HSG CA 23 75016 LINC-COMM DEVELOPMENT CORP LINC-WILLOWBROOK APARTMENTS LLC 3590 ELM AVENUE LONG BEACH CA 90807 464506550 LOW INC HSG CA 107 970544 LINC-COMM DEVELOPMENT CORP LINC-ANDERSON APTS LLC 3590 ELM AVENUE LONG BEACH CA 90807 330711110 LOW INC HSG CA 47 604490 LINC-COMM DEVELOPMENT CORP LINC-BEAUMONT APTS LLC 3590 ELM AVENUE LONG BEACH CA 90807 813509675 LOW INC HSG CA 56 442767 LINC-COMM DEVELOPMENT CORP LINC-COMPTON AVE APTS LLC 3590 ELM AVENUE LONG BEACH CA 90807 815454815 LOW INC HSG CA 55 17786 LINC-COMM DEVELOPMENT CORP LINC WILMINGTON APTS LLC 3590 ELM AVENUE LONG BEACH CA 90807 851773147 LOW INC HSG CA 134 352260 LINC-COMM DEVELOPMENT CORP LINC-WEHRLE APTS LLC 3590 ELM AVENUE LONG BEACH CA 90807 920304406 LOW INC HSG CA LINC-COMM DEVELOPMENT CORP LINC HOUSING CORPORATION 3590 ELM AVENUE LONG BEACH CA 90807 330578620 PROVIDE AFFORDABLE HSG TO NEEDY PERSONS CA 501(c)(3) 9 NA false LINC - REDONDO BEACH SENIORS INC 3590 ELM AVENUE LONG BEACH CA 90807 330677510 PROVIDE AFFORDABLE HSG TO NEEDY PERSONS CA 501(c)(3) 9 N/A false SEE ATTACHED 3590 ELM AVENUE LONG BEACH CA 90807 CA LINC-COMM DEV CORP false true LINC-BRISTOL ASSOC I LP 3590 ELM AVENUE LONG BEACH CA 90807 330732982 LOW INC HSG CA LINC-COMM DEV CORP 1441008 12168652 false true 0.99000 false true false false true false false false false false false true true true true false false false true LINC-BRISTOL ASSOC I LP l 470578 ACCRUAL LINC-BRISTOL ASSOC I LP s 569881 CASH