LOUISVILLE HOUSING OPPORTUNITIES AND MICROENTERPRISE COMMUNITY DEVELOPMENT LOAN FUND | LHOME

Louisville, KY | Jefferson County
Affordable Housing
info_outlined
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
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.

Founded info
2011
Total Employees info
2
Total Volunteers info
Not Reported
CRA Category info
  • Affordable Housing
Nonprofit location info
  • LMI Census Tract
Awards & Certifications info
  • CDFI Organization
  • CDFI Award Recipient
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

CRA Alignment

CRA Category info
Affordable Housing
Creation, rehabilitation, operation or preservation of affordable housing.
CRA Certification info
Has not applied
Date Last Certified info
Not applicable


Current Status info
Not applicable
CRA Story info

CRA Story waiting to be told.


This organization has not yet applied for CRA Certification. We add an organization’s CRA Story after its certification has been approved by our team.
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
Most Recent CDFI Award info
2019
$125,000
CDFI Financial Assistance
2016
$124,829
CDFI Technical Assistance
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

Activities

Not reported
Percent LMI Served
Targeted Clients info
  • Disabled
  • Economically Disadvantaged
  • Entrepreneurs
  • First-Time Homebuyers
  • Immigrants/Refugees
  • Individuals Seeking Credit/Financial Counseling
  • Minority Populations
  • Senior Citizens
  • Small Businesses
  • Underbanked/Unbanked
Primary Focus info
Community Development & Capacity Building
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations
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.
CRA Category info
Community Services to LMI Individuals
Program Recipient info
Emergency Loans
Program Footprint info
Louisville, KY

IRS Summary

Income
$397.2K
Revenue
$397.2K
Assets
$487.1K
Most Recent Tax Filing
Exempt Ruling Date info
2014-07
Deductibility Status info
Deductible
Last Year Taxes Filed info
2018
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)
States Where Tax Return is Filed info
Not reported

Nonprofit Location

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

Not reported by nonprofit.


This nonprofit has not provided its service areas. We add service areas to a profile when it is provided to us by a nonprofit as part of their CRA certification application.

Market Data

Census Tract County
0038.00 Jefferson County
Population
Total Population 3,384 767,154
Total Households 1,366 310,318
Income
Median Family Income (Census*) $34,819 $54,357
Median Family Income (2019 FFIEC) $70,800 N/A
Tract Income Percentage 53.59% N/A
Below Poverty Level 18.6% 14.8%
Unemployment Level 15.2% 5.9%
Housing
Total Housing Units 1,583 343,432
Total Owner-Occupied Units 37.6% 61.7%
Total Renter-Occupied Units 48.7% 38.3%
Total Vacant Units 13.7% 8.8%
* Census tract income based on 2019 Census estimated data; County income based on 2018 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
Principal Officer info
Amy Shir
President & CEO
(502) 657-5943
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower 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
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.