Lincoln Court Apartments Housing Development Fund Company Inc
- Assets
- $1.0m
- Revenue
- $439.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Binghamton, NY
- Founding
- 06/1980
- Data as of
- 09/2021
- EIN
- 22-2302282
Organization Overview
Lincoln Court Apartments Housing Development Fund Company Inc is located in Binghamton, NY. The organization was established in 1980. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincoln Court Apartments Housing Development Fund Company Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Lincoln Court Apartments Housing Development Fund Company Inc generated $439.8k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $360.2k during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF SUBSIDIZED HOUSING FOR LOW INCOME ELDERLY INDIVIDUALS. APPROXIMATELY 45 INDIVIDUALS SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Yeager Director/board Chair | 1 | $0 | |
Laura Rhinehart Ceo/president | 4 | $0 | |
Shirley Hadley Board Chair/director | 1 | $0 | |
Christopher Loughridge Vice Chair | 1 | $0 | |
Shellie Spinelli Secretary | 1 | $0 | |
Ryan Chronister Assistant Treasurer/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $84 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $439,677 |
| Total Revenue | $439,761 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $53,159 |
| Pension plans, employee benefits | $11,887 |
| Interest | $36,119 |
| Taxes | $4,185 |
| Depreciation | $103,586 |
| Occupancy | $21,958 |
| Travel, conferences, and meetings | $3,391 |
| Printing and publications | $0 |
| Other expenses | $116,364 |
| Total operating and administrative expenses | $360,208 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $360,208 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,672 |
| Savings and temporary cash investments | $374,998 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,792 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $617,873 |
| Other assets | $5,090 |
| Total assets | $1,010,425 |
| Accounts payable and accrued expenses | $5,675 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $324,978 |
| Other liabilities | $17,031 |
| Total liabilities | $347,684 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nhp Foundation New York, NY | $288,555,579 | $98,614,983 |
Viecare Beaver Llc Cranberry Township, PA | $43,089,373 | $46,860,704 |
Columbus Property Management & Development Inc Philadelphia, PA | $30,446,777 | $36,581,885 |
Nycha Ii Housing Development Fund Corporation New York, NY | $21,607,256 | $75,418,815 |
Housing Assistance Corporation Hyannis, MA | $20,544,372 | $36,246,807 |
Eihab Human Services New Jersey Inc Springfield Gardens, NY | $6,084,233 | $34,447,037 |
West Side Federation For Senior Housing Inc New York, NY | $138,485,239 | $41,412,403 |
Mainstay Life Services Pittsburgh, PA | $23,133,484 | $27,133,047 |
East Harlem Pilot Block Housing Development Fund Co Inc New York, NY | $76,192,730 | $32,420,395 |
Orange Affordable Housing Inc New York, NY | $0 | $0 |
Housing Visions Unlimited Inc Syracuse, NY | $54,882,329 | $24,284,268 |
Phipps Houses New York, NY | $754,776,508 | $88,001,578 |