2025-10-28T15:19:17-05:00 2024-12-31 450250958 Eide Bailly LLP 4585 Coleman St Ste 200 Bismarck ND 58503 990 2024-01-01 841247423 Longmont Housing Development Corporation LONG 3036518581 350 Kimbark St Longmont CO 805015500 Lauren Cely Assistant Director 3036518581 2025-10-27 1 1 Lisa Chaffee CPA P00193453 7012551091 2025-10-27 2024 2025-03-06 01:10:19Z Lauren Cely 350 Kimbark St Longmont CO 805015500 503476 0 X N/A X 1993 CO Low Income Housing 3 3 0 3 0 0 156 63753 467423 439723 -19140 -1937390 0 0 448439 -1433914 0 0 0 0 0 0 0 0 0 486534 212414 486534 212414 -38095 -1646328 13262675 8394347 3883582 647055 9379093 7747292 X To provide housing and related services to low and moderate income families, elderly and disabled households and to relieve the community of substandard housing. 1 0 27039 439723 Provide low income housing to residents of Longmont, Colorado, using HUD assistance and guidelines. 27039 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 5 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 1 1 0 0 0 0 0 1 0 0 0 1 1 1 1 0 1 0 0 1 0 X Kyndra Daniels 3036518670 350 Kimbark Street Longmont CO 80501 X Debby Paris President 2.00 4.10 X X 0 0 0 Stephen Morgan Vice President 2.00 4.10 X X 0 0 0 Darrell L Beck Jr Director 2.00 4.10 X 0 0 0 Harold Dominguez Interim Executive Director 2.00 4.10 X 0 0 0 0 0 0 0 0 0 0 0 63753 63753 Low Interest Loan Interest 900099 424759 424759 Developer Fees 900099 11330 11330 3634 3634 439723 1937390 -1937390 -1937390 -1937390 -1433914 439723 0 -1937390 150000 150000 9331 9331 26044 26044 4683 4683 Tenant Transportation 19013 19013 Taxes, Licenses & Insur 3343 3343 212414 27039 185375 0 516526 2043453 221050 94397 3555 1709 12521544 6254788 13262675 8394347 5345 1713 3878237 645342 3883582 647055 X 8493377 6845407 885716 901885 9379093 7747292 13262675 8394347 X -1646328 13040 1487 X 0 1 X 1 0 X 51000 156 63753 114909 51000 156 63753 114909 114909 14 14 114923 2271731 0.99990 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 LHDC Investment in LHM 62 F LHDC Investment in Fall River GP LLC -100 F Low Interest Note Receivables 6168914 F LHDC Investment in Crisman Development LLC 85912 F 6254788 X 517346 13040 830 13870 503476 -1937390 -1937390 -1433914 2429302 2216888 2216888 212414 0 212414 Part X, Line 2: The Corporation believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The entity would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. Part XI, Line 2d - Other Adjustments: Elimination of Revenue on VPA - Separately Filed Return 16. Elimination of Revenue on PVM - Separately Filed Return Basis Amount -822,748. Elimination of Distribution from PVM -Separately Filed Return - Distribution 823,562. Part XI, Line 4b - Other Adjustments: Loss on Transfer of Notes included in Expenses on Audit -1,937,390. Part XII, Line 2d - Other Adjustments: Elimination of LHM Expenses - Separately Filed Return 344. Elimination of VPA Expenses - Separately Filed Return 277,654. Elimination of CD Expenses - Separately Filed Return 1,500. Loss on Transfer of Notes included in Expenses on Audit 1,937,390. Form 990, Part III, line 2 The organization started providing transportation services for Longmont Housing Authoritie's elderly population. Services include transporting them to local grocery outlets twice a month. Form 990, Part VI, Section A, line 2 The Board members all have a business relationship with each other as they all serve on the Board of the related for profit organization Longmont Housing Management Inc. Form 990, Part VI, Section A, line 3 Longmont Housing Authority (LHA) is the management company for Longmont Housing Development Corporation (LHDC). LHDC paid the management company $150,000 to provide corporate management services for accounting and operations. The corporate management fee is determined annually in the board approved budget. Form 990, Part VI, Section A, line 8b There are no committees that are able to act on behalf of the board. Form 990, Part VI, Section B, line 11b Management reviewed the Form 990 and provided a copy to the Board of Directors before filing with the IRS. Form 990, Part VI, Section B, line 12c The Board Members review and sign off on the conflict of interest policy annually indicating they do not have conflicts. If they have a conflict they cannot serve on the Board of Directors. The disclosures are filed with LHA. Form 990, Part VI, Section B, line 15 The organization does not compensate or employ individuals. Form 990, Part VI, Section C, line 19 The organization made its governing documents, conflict of interest policy, and financial statements available to the public upon request during the tax year. Form 990, Part XI, line 9: Change in Investment in PVM - Gain on Distribution over Basis 814. Change in Investment in LHM 1,981. Change in Investment in CD -1,500. Audit Adjustment in BOY Net Asset Balance 192. The Hearthstone at Hover Crossing 350 Kimbark St Longmont CO 805015500 611623575 Low Income Housing CO 501(c)(3) Line 10 Longmont Housing Development Corp 1 The Lodge at Hover Crossing 350 Kimbark St Longmont CO 805015500 208552632 Low Income Housing CO 501(c)(3) Line 10 Longmont Housing Development Corp 1 Spring Creek Apartments LLLP 350 Kimbark St Longmont CO 805015500 472925872 Real Estate CO N/A 0 1 Fall River Apartments LLLP 350 Kimbark St Longmont CO 805015500 823483356 Real Estate CO N/A 0 0 Village Place Associates LLLP (Thru 22924) 350 Kimbark St Longmont CO 805015500 205545571 Real Estate CO Longmont Housing Development Corp Related -274996 0 1 0.51000 Longmont Housing Management Inc 350 Kimbark St Longmont CO 805015500 841600210 Real Estate Management CO Longmont Housing Development Corp C 215 1.00000 1 Prairie Village Management LLC 350 Kimbark St Longmont CO 805015500 473003351 Low Income Housing CO Longmont Housing Development Corp C -205 1.00000 1 Crisman Development LLC 350 Kimbark St Longmont CO 805015500 812497640 Low Income Housing CO Longmont Housing Development Corp C 85912 1.00000 1 Fall River GP LLC 350 Kimbark St Longmont CO 805015500 823476293 Low Income Housing CO Longmont Housing Development Corp C -186 1.00000 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1