2025-11-17T09:39:22-06:00 2024-12-31 331498605 PLANTE & MORAN PLLC 750 TRADE CENTRE WAY STE 300 PORTAGE MI 49002 990 2024-01-01 383537915 LINC UP NONPROFIT HOUSING CORPORATION LINC 6169882537 1167 MADISON AVE SE STE 200 GRAND RAPIDS MI 49507 LAKIYA JENKINS EXECUTIVE DIRECTOR 6169882537 2025-11-14 1 1 DAVID LOWENTHAL P00378651 2695674500 2025-11-14 2024 2025-03-06 01:10:19Z LAKIYA JENKINS 1167 MADISON AVE SE STE 200 GRAND RAPIDS MI 49507 1840492 0 X WWW.LINCREV.ORG X 2000 MI STIMULATE COMMUNITY REVITALIZATION THROUGH PROVIDING QUALITY AFFORDABLE HOUSING IN KENT COUNTY, MICHIGAN FOR PERSONS OF LOW AND MODERATE INCOME, THROUGH OTHER HOMEOWNER ASSISTANCE, THROUGH COMMUNITY ORGANIZING, AND COMMERCIAL DEVELOPMENT. 5 5 27 336 0 0 1897877 1162916 240500 617845 42897 3594 -2425 12056 2178849 1796411 0 0 0 0 1651606 1762072 0 0 134679 1288553 1453080 2940159 3215152 -761310 -1418741 11417144 9502897 2407261 1888545 9009883 7614352 X STIMULATE COMMUNITY REVITALIZATION THROUGH PROVIDING QUALITY AFFORDABLE HOUSING IN KENT COUNTY, MICHIGAN FOR PERSONS OF LOW AND MODERATE INCOME, THROUGH OTHER HOMEOWNER ASSISTANCE, THROUGH COMMUNITY ORGANIZING, AND COMMERCIAL DEVELOPMENT. 0 0 2081550 571400 MAINTAIN AND OPERATE LOW INCOME RENTAL PROPERTIES. LINC OWNS AND MANAGES APPROXIMATELY 100 RESIDENTIAL RENTAL UNITS THAT ARE AVAILABLE TO FAMILIES AT OR BELOW 50% AMI.ACQUISITION, DEVELOPMENT AND RESALE COSTS FOR ACQUIRING AND SELLING LOW INCOME HOMES. LINC PURCHASES, RENOVATES AND SELLS SINGLE FAMILY HOMES TO LOW INCOME FAMILIES. PROPERTY IMPROVEMENTS, IMPROVE ENERGY EFFICIENCY OF HOMES AND REMOVE ENVIRONMENTAL HAZARDS SUCH AS LEAD PAINT. FAMILIES OFTEN RECEIVE DOWN PAYMENT ASSISTANCE WITH THE ACQUISITION OF THE PROPERTY. COMMUNITY DEVELOPMENT AND LEADERSHIP PROGRAM. OTHER MISCELLANEOUS COSTS THAT ARE FOR THE BENEFIT OF ALL PROGRAMS. 2081550 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 44 0 1 27 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MI X LAKIYA JENKINS 6164519140 1167 MADISON AVE SE GRAND RAPIDS MI 49507 HEATHER ROSEMA CHAIR 4.00 0.00 X X 0 0 0 JAMEICA GARRET-THOMAS DIRECTOR 2.00 0.00 X 0 0 0 LATASHA ROBERTSON CRUMP DIRECTOR 2.00 0.00 X 0 0 0 SARAH HAMPTON SECRETARY 2.00 0.00 X X 0 0 0 TERESA PHILLIPS VICE CHAIR 2.00 0.00 X X 0 0 0 BRUCE MCCOY DIRECTOR 2.00 0.00 X 0 0 0 LAKIYA JENKINS EXECUTIVE DIRECTOR 40.00 0.00 X 121463 0 0 121463 0 0 1 0 0 0 0 628953 533963 1162916 RENTAL INCOME 532000 685719 685719 COUNSELING & OTHER FEE 531390 679895 679895 SALE OF REHAB HOUSES 531390 -747769 -747769 617845 3594 3594 102582 44081 58501 58501 AFFILIATE INCOME 900099 -7064 -7064 AUXILIARY INCOME 900099 -39381 -39381 -46445 1796411 571400 0 62095 121464 64897 48182 8385 1247250 666397 494756 86097 288913 129432 142033 17448 104445 56055 41217 7173 31823 31823 4032 2056 1976 272659 139056 133603 44516 28205 1116 15195 97775 72917 24477 381 3002 3002 38364 18891 19473 73751 73751 349235 290271 58964 51635 50332 1303 RENTAL PROPERTIES OPERA 370083 370083 OTHER PROGRAM DIRECT CO 116205 116205 3215152 2081550 998923 134679 185986 239618 804318 510967 839567 550708 1410621 1405821 1867009 588432 17741 19003 9899440 4383612 5865063 5515828 426839 672520 11417144 9502897 1588636 1039200 818625 745013 0 104332 2407261 1888545 X 8342016 6316919 667867 1297433 9009883 7614352 11417144 9502897 X -1418741 23210 X X 0 1 X 1 0 X 957285 637475 2120374 1897877 1162916 6775927 957285 637475 2120374 1897877 1162916 6775927 1773760 5002167 88349 125319 137142 42897 3594 397301 18314 241881 41698 -22688 -46445 232760 7405988 3803788 0.67540 0.54170 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13372 13372 7730228 3534896 4195332 1997816 693657 1304159 158024 155059 2965 5515828 LOANS TO SUBSIDIARY - GAFIELD PARK LOFTS 139632 C LOANS TO SUBSIDIARY - WEST GARFIELD 145403 C LOANS TO SUBSIDIARY - UPTOWN VILLAGE 24103 C LOANS TO SUBSIDIARY - AVENUE APARTMENTS II 218131 C INVESTMENT IN MIDWEST HOUSING 121541 C INVESTMENT IN UPTOWN VILLAGE 23710 C 672520 LINC REFUNDABLE ADVANCE 104332 104332 COMMUNITY SPIRIT AWARD 40417 40417 3002 6728 2696 ROCK THE BLOCK 62165 62165 19407 159 12089 102582 102582 22409 6887 14785 44081 58501 FORM 990, PART VI, SECTION B, LINE 11B THE FORM IS DISTRIBUTED TO THE BOARD MEMBERS PRIOR TO FILING FOR REVIEW AND COMMENT, AFTER IT IS FILED IT IS DISCUSSED AT A BOARD MEETING. TREASURER OR BOARD LIAISON/AD HOC COMMITTEE DOES FORMALLY REVIEW IT PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C LINC MAINTAINS A CONFLICT OF INTEREST POLICY WHICH REQUIRES ALL BOARD MEMBERS TO IDENTIFY AFFILIATED ENTITIES AND DISCLOSE ANY POTENTIAL CONFLICTS. CONFLICT OF INTEREST DISCLOSURES ARE UPDATED AT LEAST ANNUALLY. BOARD MEMBERS WITH A CONFLICT OF INTEREST ARE REQUIRED TO DISCLOSE THE CONFLICT AND ARE RECUSED FROM DELIBERATIONS AND DECISIONS ON ANY TRANSACTION FOR WHICH THEY HOLD A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD REVIEWS PAY OF TOP MANAGEMENT AS PART OF ITS ANNUAL PERFORMANCE REVIEW. PAY IS COMPARED TO THAT OF TOP MANAGEMENT AT OTHER SIMILAR NON-PROFIT ORGANIZATIONS IN THE REGION. PAY OF TOP MANAGEMENT IS APPROVED BY A VOTE OF THE BOARD. LINC MAINTAINS A PAYSCALE SYSTEM BY POSITIONS THAT PROVIDES A RANGE OF PAY APPROPRIATE FOR KEY MANAGERS BASED UPON REVIEWS OF SIMILAR POSITIONS ON THE LOCAL MARKET. INDIVIDUAL PERFORMANCE IS CONSIDERED IN IDENTIFYING A PLACEMENT ON THE PAYSCALE FOR KEY MANAGEMENT. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF GOVERNING DOCUMENTS ARE HELD AT THE CORPORATE OFFICES AND MOST ARE AVAILABLE ONLINE OR UPON REQUEST TO THE GENERAL PUBLIC. FORM 990, PART XI, LINE 9: OTHER ADJUSTMENTS 23,210. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR LINC DEVELOPMENT LLC 1167 MADISON AVE SE GRAND RAPIDS MI 49507 460928760 LOW INCOME HOUSING MI 0 0 LINC UP NONPROFIT HOUSING CORPORATION SOUTHTOWN RESTAURANT GROUPS LLC 1167 MADISON GRAND RAPIDS MI 49507 462936207 RESTAURANT MI 0 0 LINC UP NONPROFIT HOUSING CORPORATION LIGHTHOUSE DEVELOPMENT LLC 1167 MADISON AVE GRAND RAPIDS MI 49507 202641950 LOW INCOME HOUSING AND COMMERCIAL MI 0 0 LINC UP NONPROFIT HOUSING CORPORATION LIGHTHOUSE DEVELOPMENT II LLC 1167 MADISON SE GRAND RAPIDS MI 49507 263073500 LOW INCOME HOUSING MI 0 0 LINC UP NONPROFIT HOUSING CORPORATION LINC DEVELOPMENT II LLC 1167 MADISON AVE SE GRAND RAPIDS MI 49507 475055432 LOW INCOME HOUSING MI 0 0 LINC UP NONPROFIT HOUSING CORPORATION LINC UP DEVELOPMENT IV LLC 1167 MADISON AVE SE GRAND RAPIDS MI 49507 811656401 MANAGER OF GARFIELD PARK LOFTS LOW INCOME HOUSING MI 0 0 LINC UP NONPROFIT HOUSING CORPORATION ROOSEVELT PARK LOFTS LDHA LP 1167 MADISON AVENUE GRAND RAPIDS MI 49507 208122039 LOW INCOME HOUSING MI MIDWEST I NON-PROFIT RELATED -8 257 0 0 0.00010 UPTOWN VILLAGE LDHA LP 1167 MADISON AVENUE SE GRAND RAPIDS MI 49507 203042985 LOW INCOME HOUSING MI MIDWEST II NONPROFIT RELATED 7 254 0 1 0.00010 SOUTHTOWN SQUARE LDHA LP 1167 MADISON AVENUE GRAND RAPIDS MI 49507 260373518 LOW INCOME HOUSING MI LINC UP NONPROFIT HOUSING CORPORATION RELATED -54566 2239873 0 0 0.00050 SOUTHTOWN SQUARE II LDHA LP 1167 MADISON GRAND RAPIDS MI 49507 371704392 LOW INCOME HOUSING MI N/A RELATED -4 322 0 1 0.00460 GARFIELD PARK LOFTS LDHA LP 1167 MADISON AVENUE SE GRAND RAPIDS MI 49507 611787373 LOW INCOME HOUSING MI GARFIELD PARK LOFTS GP LLC RELATED -26 793 0 1 0.00010 MIDWEST HOUSING DEVELOPMENT LLC 1167 MADISON SE GRAND RAPIDS MI 49507 203047324 REAL ESTATE DEVELOPMENT MI LINC UP NONPROFIT HOUSING CORPORATION RELATED 0 0 0.50000 WEST GARFIELD LDHA LP 1167 MADISON AVE SE GRAND RAPIDS MI 49507 384107448 LOW INCOME HOUSING MI LINC UP NONPROFIT HOUSING CORPORATION RELATED 24 546 0 1 0.00010 THE AVENUE APARTMENTS II LDHP 1167 MADISON AVE SE GRAND RAPIDS MI 49507 874084913 LOW INCOME HOUSING MI LINC UP GP AVENUE II LLC RELATED -23 471 0 1 0.00010 MIDWEST I NONPROFIT HOUSING CO 1167 MADISON AVENUE SE GRAND RAPIDS MI 49507 203047331 LOW INCOME HOUSING MI N/A C -7 1.00000 1 MIDWEST II NONPROFIT HOUSING CO 1167 MADISON AVENUE SE GRAND RAPIDS MI 49507 203047339 LOW INCOME HOUSING MI N/A C -1 0.51000 1 GARFIELD PARK LOFTS GP LLC 1167 MADISON AVENUE SE GRAND RAPIDS MI 49507 364830216 LOW INCOME HOUSING MI LINC DEVELOPMENT IV LLC C -27 1.00000 0 LINC UP DEVELOPMENT VI LLC 1167 MADISON AVENUE SE GRAND RAPIDS MI 49507 853793113 LOW INCOME HOUSING MI N/A C -34 1.00000 0 LINC UP DEVELOPMENT V LLC 1167 MADISON AVENUE SE GRAND RAPIDS MI 49507 831800386 LOW INCOME HOUSING MI N/A C -20 1.00000 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 GARFIELD PARK LOFTS LDHA LP D 139856 LOAN AGREEMENT SOUTHTOWN SQUARE II LDHA LP D 1390526 LOAN AGREEMENT UPTOWN VILLAGE LDHA LP D 360000 LOAN AGREEMENT WEST GARFIELD LDHA LP D 128575 LOAN AGREEMENT