2024-05-07T08:40:36-05:00 2023-06-30 450492857 LECROY CPA GROUP PC 303 WILLIAMS AVE SW SUITE 911 HUNTSVILLE AL 35801 990 2022-07-01 200379279 LINCOLN VILLAGE PRESERVATION CORPORATION LINC 2567014303 1110 MERIDIAN STREET HUNTSVILLE AL 35801 LAKSHMI NALLAMALA EXECUTIVE DIRECTOR 2567014303 2024-05-07 1 LAKSHMI NALLAMALA 999009999 1 MARY BREAZEALE CPA P00748736 2565323990 2024-05-02 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z STEVE HILL 1110 MERIDIAN STREET HUNTSVILLE AL 35801 4336921 0 X HTTPS://WWW.LINCOLNVILLAGE.ORG X 2003 AL TO PROVIDE AFFORDABLE HOUSING AND EDUCATION TO RESIDENTS OF LINCOLN VILLAGE 9 9 48 479 0 0 3912842 3922718 155394 181115 -49107 213339 22555 19749 4041684 4336921 0 0 0 0 1373991 1470641 0 0 201641 495566 821311 1869557 2291952 2172127 2044969 11225323 11636290 3703509 2069507 7521814 9566783 THE CORPORATION'S PRIMARY MISSION IS TO PROVIDE AFFORDABLE HOUSING AND EDUCATION AND TO OFFER COMFORT, ASSISTANCE, AND ENCOURAGEMENT TO LOW-INCOME RESIDENTS IN THE LINCOLN MILL VILLAGE AREA LOCATED IN HUNTSVILLE, ALABAMA. 0 0 1201604 133256 LINCOLN VILLAGE PRESERVATION CORPORATION OWNS RENTAL HOUSING UNITS THAT HAVE BEEN REFURBISHED WITH THE HELP OF VOLUNTEER LABOR AND ARE LEASED AT BELOW MARKET RATES FOR THE BENEFIT OF THE RESIDENTS OF LINCOLN MILL VILLAGE. 857169 47859 IN 2012, THE CORPORATION PURCHASED A FAILED TITLE 1 PUBLIC ELEMENTARY SCHOOL BUILDING IN THE LINCOLN MILL VILLAGE AREA AND ESTABLISHED AN EDUCATIONAL ACADEMY WITH MINIMAL TUITION FOR THE BENEFIT OF ELEMENTARY STUDENTS ORIGINALLY ZONED FOR THAT SCHOOL. 2058773 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 20 0 1 48 1 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 X LAKSHMI NALLAMALA 2567014303 1110 MERIDIAN STREET HUNTSVILLE AL 35801 SCOTT BENCE VICE-PRESIDENT/TREASURER 4.00 X X 0 0 0 STEVE HILL PRESIDENT 4.00 X X 0 0 0 SAM YEAGER DIRECTOR 2.00 X 0 0 0 WARNE HEATH DIRECTOR 2.00 X 0 0 0 RICA MCROY DIRECTOR 2.00 X 0 0 0 AUDREY STARKS DIRECTOR 2.00 X 0 0 0 HEATHER TEMPLET DIRECTOR 2.00 X 0 0 0 MARK STEARNS DIRECTOR 40.00 X 92960 0 0 JAY WILSON DIRECTOR 2.00 X 0 0 0 92960 0 0 0 0 0 0 0 3922718 51311 3922718 RESIDENTIAL RENT INCOM 531110 133256 133256 ACADEMY TUITION 611110 28897 28897 PRESCHOOL TUITION 611110 14406 14406 LEARNING LAB TUITION 611110 4556 4556 181115 213339 213339 FACILITIES RENT INCOME 531120 18653 18653 MISCELLANEOUS INCOME 531120 552 552 THRIFT STORE 459510 544 544 19749 4336921 181115 0 233088 1300336 1148241 152095 82129 82129 88176 88176 11927 11927 49546 49546 33286 16620 16666 83305 83305 5688 5688 148080 148080 45124 45124 BUILDING REPAIRS 175323 175323 CONTRACT LABOR 136544 136544 FOOD & BEVERAGES 40766 40766 TECHNOLOGY AND CURRICUL 35225 35225 56497 53552 2945 2291952 2058773 31538 201641 874668 464873 3256411 2836902 949 3103 5757093 890111 3810872 4866982 3261943 3443950 20480 20480 11225323 11636290 113365 194723 3590144 1874784 3703509 2069507 X 6230402 8238927 1291412 1327856 7521814 9566783 11225323 11636290 2044969 0 X 0 1 X 0 0 X 1784958 2752881 2688902 3912842 3922718 15062301 143832 130811 121892 59249 182211 637995 1928790 2883692 2810794 3972091 4104929 15700296 0 0 0 15700296 8364 32133 92317 -49107 213339 297046 8364 32133 92317 -49107 213339 297046 1937154 2915825 2903111 3922984 4318268 15997342 0.98140 0.99350 0.01860 0.00650 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 490744 490744 5192089 819102 4372987 57260 54988 2272 17000 16021 979 4866982 UNEARNED REVENUE 85722 DEFERRED REVENUE 1775261 CREDIT CARD PAYABLE 12601 TENANT SECURITY DEPOSITS 1200 1874784 4336921 0 4336921 0 4336921 2291952 0 2291952 0 2291952 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 STUDENTS ATTENDING LINCOLN ACADEMY ARE ORIGINALLY ZONED FOR THE FORMER LINCOLN ELEMENTARY PUBLIC SCHOOL WHERE THE COMMUNITY PRIMARILY CONSISTS OF MINORITIES. THE WEBSITE (HTTPS://WWW.LINCOLNVILLAGE.ORG/LINCOLNACADEMY) STATES THAT THE ACADEMY PROVIDES EDUCATION TO STUDENTS WHO ARE ZONED FOR PUBLIC TITLE 1 SCHOOLS. THE ACADEMY DOES NO ADVERTISING BUT DOES ISSUE TO INTERESTED FAMILIES A PAMPHLET STATING IT DOES NOT RACIALLY DISCRIMINATE. X 1 51311 STOCK EXCHANGE 0 0 0 1 PART I, LINE 32B: THE ORGANIZATION USED UBS FINANCIAL TO SELL THE DONATED STOCK ON ITS BEHALF. FORM 990, PART VI, SECTION B, LINE 11B AT LEAST TWO MEMBERS OF THE GOVERNING BODY REVIEW THE FORM 990 BEFORE IT IS FILED. THE FORM IS PROVIDED FOR REVIEW TO THE REMAINING DIRECTORS AND OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST VIA EMAIL OR HARD COPIES.