2024-05-14T15:55:01-05:00 2023-06-30 453047226 HICKS & ASSOCIATES CPAS 1795 ALYSHEBA WAY STE 6206 LEXINGTON KY 40509 990 2022-07-01 800576305 LEXINGTON COMMUNITY LAND TRUST LEXI 8593035223 PO BOX 171 LEXINGTON KY 40588 JULIANA MCDONALD SECRETARY 8593035223 2024-05-14 1 JULIANA MCDONALD 999009999 0 DAVID W HICKSCPACFFCFECGMA P00011200 8593689727 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BYRON MITCHELL PO BOX 171 LEXINGTON KY 40588 211380 0 X WWW.LEXINGTONCLT.ORG X 2008 KY THE ORGANIZATION'S MISSION IS TO STEWARD THE LAND AND TO MANAGE AND PRESERVE THE AFFORDABILITY OF HOUSING IN THE REDEVELOPED MITIGATION AREA OF THE NEWTOWN PIKE EXTENSION AREA; AND ELSEWHERE IN GREATER LEXINGTON AND FAYETTE COUNTY IN THE FUTURE. 15 15 2 0 0 0 204302 200000 713452 6254 1857 4144 87 982 919698 211380 0 0 0 0 102811 115144 0 0 0 517298 60339 620109 175483 299589 35897 2384891 2421968 190580 191760 2194311 2230208 THE ORGANIZATION'S MISSION IS TO STEWARD THE LAND AND TO MANAGE AND PRESERVE THE AFFORDABILITY OF HOUSING IN THE REDEVELOPED MITIGATION AREA OF THE NEWTOWN PIKE EXTENSION AREA; AND ELSEWHERE IN GREATER LEXINGTON AND FAYETTE COUNTY IN THE FUTURE. 0 0 119666 7236 THE ORGANIZATION DEVELOPED LOW-INCOME AFFORDABLE HOUSING AND UNDERTOOK PLANNING FOR THE ADDITIONAL DEVELOPMENT OF LOW TO MODERATE-INCOME AFFORDABLE OWNERSHIP HOMES, AND WORKED WITH DISPLACED LOW-INCOME RESIDENTS TO PREPARE THEM FOR THE TRANSITION TO THE NEW PERMANENTLY AFFORDABLE HOUSING. 119666 1 0 0 0 0 0 0 0 0 0 1 0 0 0 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 0 1 0 0 0 0 1 2 0 2 1 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 0 1 1 0 KY X BLUE & CO LLC 8592531100 250 W MAIN ST 2900 LEXINGTON KY 40507 BYRON MITCHELL PRESIDENT 2.00 X X 0 0 0 JULIANA MCDONALD SECRETARY 2.00 X X 0 0 0 CONNIE GODFREY BOARD MEMBER 2.00 X 0 0 0 MICHELE BAKER BOARD MEMBER 2.00 X 0 0 0 LINDA WILSON BOARD MEMBER 2.00 X 0 0 0 KENNETH DEMUS TREASURER 2.00 X X 0 0 0 STUART GOODPASTER BOARD MEMBER 2.00 X 0 0 0 CASSANDRA MOORE VICE PRESIDENT 2.00 X X 0 0 0 ARTHUR CROSBY BOARD MEMBER 2.00 X 0 0 0 DANIELLE SANDERS BOARD MEMBER 2.00 X 0 0 0 SHAMEKA BROOKS BOARD MEMBER 2.00 X 0 0 0 KATIE THOMPSON BOARD MEMBER 2.00 X 0 0 0 GODFREY MORATA BOARD MEMBER 2.00 X 0 0 0 HANNAH LEGRIS BOARD MEMBER 2.00 X 0 0 0 JENNIFER REYNOLDS BOARD MEMBER 2.00 X 0 0 0 JOSHUA T FAIN FORMER EXECUTIVE DIRECTOR 40.00 X 87386 0 0 87386 0 0 0 0 0 0 MA CONLEY CONSTRUCTION LLC 240 N KEENELAND DR RICHMOND KY 40475 CONSTRUCTION 221180 1 200000 200000 LAND LEASE 532000 6254 6254 6254 4144 4144 MISCELLANEOUS 532000 982 982 982 211380 7236 0 4144 105872 74110 31762 9272 6490 2782 13930 13930 13867 13867 6730 6730 4576 4576 59 59 10750 10750 2859 2859 MISCELLANEOUS 3094 1189 1905 DUES & SUBSCRIPTIONS 3020 3020 BOARD DEVELOPMENT 793 793 FEES & LICENSES 410 410 251 119 132 175483 119666 55817 0 43844 78199 521572 524294 200000 200000 1106168 1106168 350 350 517390 4433 512957 512957 2384891 2421968 190580 191760 190580 191760 X 1669854 1717251 524457 512957 2194311 2230208 2384891 2421968 35897 0 X X 0 0 1 0 X 253998 36823 25155 204302 200000 720278 253998 36823 25155 204302 200000 720278 720278 7115 3935 3471 1857 4144 20522 10990 9816 10219 6621 982 38628 779428 2609125 0.92410 0.91740 X 512957 512957 4433 4433 0 512957 X PART X, LINE 2: AS OF JUNE 30, 2023, THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR DISCLOSURE IN THE FINANCIAL STATEMENTS. TAX YEARS STILL OPEN UNDER FEDERAL AND STATE STATUTE OF LIMITATIONS REMAIN SUBJECT TO REVIEW AND CHANGE. FORM 990, PART VI, SECTION A, LINE 6 LESSEE MEMBERS ARE ALL PERSONS WHO LEASE LAND OR HOUSING FROM THE ORGANIZATION OR WHO LEASE OR OWN HOUSING THAT IS LOCATED ON LAND LEASED BY ANOTHER ENTITY FROM THE ORGANIZATION. GENERAL MEMBERS ARE ALL OTHER PERSONS 18 YEARS OF AGE OR OLDER, WHO LIVE WITHIN FAYETTE COUNTY AND (1) QUALIFY AS AN INITIAL MEMBER AS DEFINED IN THE ARTICLES OF INCORPORATION, (2) SUBMIT A MEMBERSHIP APPLICATION, AND (3) PAY DUES AS ESTABLISHED BY THE ORGANIZATION FOR EACH CALENDAR YEAR. FORM 990, PART VI, SECTION A, LINE 7A EVERY MEMBER OF THE ORGANIZATION SHALL HAVE THE RIGHT TO CAST ONE VOTE AND/OR NOMINATE AND PARTICIPATE IN THE ELECTION OF THE BOARD OF DIRECTORS AS PROVIDED BY THE BYLAWS; AND TO SERVE ON THE BOARD OF DIRECTORS OR ON COMMITTEES IF CHOSEN. FORM 990, PART VI, SECTION A, LINE 7B EVERY MEMBER OF THE ORGANIZATION SHALL HAVE THE RIGHT TO PARTICIPATE IN MEETINGS OF THE MEMBERSHIP, TO CAST ONE VOTE ON ALL MATTERS PROPERLY PUT BEFORE THE MEMBERSHIP FOR CONSIDERATION, TO NOMINATE AND PARTICIPATE IN THE ELECTION OF THE BOARD OF DIRECTORS AS PROVIDED BY THE BYLAWS, TO SERVE ON THE BOARD OF DIRECTORS OR ON COMMITTEES IF CHOSEN, AND TO RECEIVE NOTICES AND MINUTES OF MEMBERSHIP MEETINGS AND ANNUAL REPORTS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B RETURN IS SENT TO PRESIDENT AND EXECUTIVE DIRECTOR, WHO REVIEW AND THEN SEND TO THE BOARD FOR FURTHER APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REVIEWS THE BOARD OF DIRECTORS' CONFLICT OF INTEREST POLICY ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 PERSONS EMPLOYED BY THE ORGANIZATION IN A PART-TIME OR FULL-TIME CAPACITY EXCEPT THOSE PERSONS IN NON-EXEMPT POSITIONS WILL RECEIVE A SALARY NEGOTIATED AT THE TIME OF RECRUITMENT THAT WILL NOT BE BASED UPON AN HOURLY WAGE. AT THE TIME OF HIRE, NEW EMPLOYEES WILL RECEIVE A LETTER OF HIRE, A JOB DESCRIPTION, SALARY AND BENEFITS DETAIL AND A COPY OF THE PERSONNEL POLICIES. THE MAGNITUDE OF THE WORK ASSIGNMENTS AND THE FULL SCOPE OF RESPONSIBILITY FOR THE POSITION WILL BE FULLY DISCUSSED AT TIME OF HIRE. IN SETTING COMPENSATION, THE ORGANIZATION MAY CONSIDER, AMONG OTHER THINGS, EXPERIENCE OF THE PREFERRED CANDIDATE, EXTERNAL LABOR MARKET RATES, SIMILAR JOBS WITHIN THE ORGANIZATION, AND THE ORGANIZATION'S ABILITY TO PAY. EACH EMPLOYEE MAY BE ELIGIBLE FOR A SALARY REVIEW AT THE END OF THEIR FIRST FULL YEAR OF EMPLOYMENT AND ANNUALLY THEREAFTER. THE BOARD OF DIRECTORS WILL DETERMINE THE EXECUTIVE DIRECTOR'S SALARY. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS DOCUMENTS, STATEMENTS, AND POLICIES AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION MAINTAINS BOARD MINUTES AND ALL DOCUMENTS ASSOCIATED WITH THE LAND TRUST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION GIVES THE BOARD OF DIRECTORS THE CONFLICT OF INTEREST POLICY ANNUALLY. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. HOWEVER, DUE TO COVID-19 AND EMPLOYEE TURNOVER, THERE HAVE BEEN DELAYS IN THE AUDIT FOR THE FISCAL YEARS ENDED JUNE 30, 2022 AND 2023. THE AUDIT IS IN-PROGRESS AND HAS NOT BEEN COMPLETED AS OF THE 990 DUE DATE. THE BOARD WILL APPROVE THE AUDIT ONCE COMPLETED. LCLT PROPERTIES LLC PO BOX 171 LEXINGTON KY 40588 ENHANCING AND CONTINUING TO MAINTAIN AFFORDABLE RENTAL HOUSING IN LEXINGTON KY 0 0 LEXINGTON COMMUNITY LAND TRUST