LOUISVILLE HOUSING OPPORTUNITIES AND MICROENTERPRISE COMMUNITY DEVELOPMENT LOAN FUND | LHOME

Louisville, KY | Jefferson County
Community Services
LOUISVILLE HOUSING OPPORTUNITIES AND MICROENTERPRISE COMMUNITY DEVELOPMENT LOAN FUND | LHOME
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As of , this nonprofit no longer meets findCRA's qualification requirements and will no longer appear in CQ search results.

Reason for disqualification:

Overview

LOUISVILLE HOUSING OPPORTUNITIES AND MICROENTERPRISE COMMUNITY DEVELOPMENT LOAN FUND | LHOME
45-4127209
1126 BERRY BLVD
Louisville, KY 40215
Jefferson County
(502) 235-8710

Ashir@lhomeky.org
  • linkedin
Mission Statement info

LHOME IS A NONPROFIT COMMUNITY DEVELOPMENT LOAN FUND INVESTING IN UNDER-SERVED HOUSING MARKETS AND SMALL BUSINESSES TO CONTRIBUTE TO LOCAL ECONOMIC DEVELOPMENT AND TO CREATE THRIVING COMMUNITIES.

CRA Category info
  • Community Services
Nonprofit location info
  • LMI Census Tract
Awards & Certifications info
  • CDFI Organization
  • CDFI Award Recipient
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
L21

L - Housing, Shelter

Low-Income & Subsidized Rental Housing

Organizations that develop, rehabilitate, manage and/or provide rental housing that is available to people who qualify on the basis of income, age or disability for publicly subsidized housing e.g., HUD housing or housing assistance under Section 8 of the Housing and Urban Development Act.

IRS Activity Codes info
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
531110
Pension Funds
Targeted Clients info
  • Disabled
  • Economically Disadvantaged
  • Entrepreneurs
  • First-Time Homebuyers
  • Immigrants or Refugees
  • People Needing Credit Counseling
  • Minority Individuals
  • Senior Citizens
  • Small Businesses
  • Underbanked or Unbanked
CRA Income Characteristics info
    This nonprofit has claimed its profile but has not yet provided this information.

CRA Alignment

CRA Category info
Community Services
Social services and other support for low- and moderate-income, homeless or at-risk individuals.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Programs & Services info
COVID-19 REPONSE & RECOVERY EFFORTS
Offering direct emergency response loans up to $25,000 to small businesses and $500 lifeline loans to individuals affected by the COVID-19 pandemic.
Targeted Clients info

    Not reported

CRA Income Characteristics info

    Not reported

Awards & Certifications info
Community Development Financial Institution info
Date Certified info
6/4/2018
Native American CDFI info
N
Financial Institution Type info
Loan Fund
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
YearAmountProgramAwardee Name
2019 $125,000 CDFI Financial Assistance open_in_new Louisville Housing Opportunities and Micro-Enterprise Community Development Loan Fund, Inc., The
2021 $300,000 CDFI Financial Assistance open_in_new Louisville Housing Opportunities and Micro-Enterprise Community Development Loan Fund, Inc., The
2021 $669,000 CDFI Rapid Response Program (COVID-19) open_in_new Louisville Housing Opportunities and Micro-Enterprise Community Development Loan Fund, Inc., The
2016 $124,829 CDFI Technical Assistance open_in_new Louisville Housing Opportunities and Micro-Enterprise Community Development Loan Fund, Inc., The
2020 $125,000 CDFI Technical Assistance open_in_new Louisville Housing Opportunities and Micro-Enterprise Community Development Loan Fund, Inc., The

Includes CDFI Fund awards granted between January 2013 and December 2023

HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$1.3M
Revenue
$1.3M
Assets
$4.3M

IRS Business Master File Details info

As of November 2022 Update
Exempt Ruling Date info
2014-07
Deductibility Status info
Deductible
Last Tax Filing info
2021
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
Basis for Foundation/Public Charity Status info
Organization normally receives no more than one-third of support from gross investment and unrelated business income and at same time more than one-third of its support from contributions, fees and gross receipts related to exempt purposes 509(a)(2)

IRS Publication 78 Details info

As of April 2023
Verified in Publication 78 info
Yes
Deductibility Limitation info
50% (60% for cash contributions)
Organization Description info
A public charity

Nonprofit Location

Physical Address info
1126 BERRY BLVD
Louisville, KY 40215
Jefferson County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
31140
MSA/MD info
21
State info
111
County info
0038.00
Tract info
Moderate
Income Level info
Core-Based Statistical Area info
31140 - Louisville/Jefferson County, KY-IN
Combined Statistical Area info
350 - Louisville/Jefferson County--Elizabethtown--Bardstown, KY-IN
Metropolitan Division info
Not located in an MD.
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 45.24%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info
Geographies Served info

Not reported by nonprofit


This nonprofit has claimed its profile but has not yet provided this information.

Market Data

Census Tract County
0038.00 Jefferson County
Population
Total Population 3,665 780,449
Total Households 1,169 323,293
Income
Median Family Income (Census*) $39,344 $61,633
Median Family Income (2022 FFIEC est.) $84,700 $84,700
Tract Income Percentage 50.71% N/A
Below Poverty Level 24.3% 13.7%
Unemployment Level 6.0% 5.3%
Housing
Total Housing Units 1,338 354,062
Total Owner-Occupied Units 27.4% 61.6%
Total Renter-Occupied Units 59.9% 38.4%
Total Vacant Units 12.6% 7.6%
* Census tract income based on 2020 Census estimated data; County income based on 2021 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

7
Total Voting Members
in Governing Body info
7
Independent Voting Members
in Governing Body info
Tax Filing Signatory info
Amy Shir
President & CEO
(502) 657-5943
Principal Officer info
Amy Shir
findCRA Profile Owner
Amy Shir
Executive Director
ashir@lhomeky.org
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Whistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
Organization Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was created using data available from publicly available government and industry sources, our own research, and information provided directly the nonprofit organization. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.