2026-09-24T13:30:48-07:00 2025-12-31 461594234 Boggeln & Company Inc 215 1/2 Main Street Huntington Beach CA 92648 990 2025-01-01 330711110 LINC - COMMUNITY DEVELOPMENT CORPORATION LINC 5626841100 3590 ELM AVENUE LONG BEACH CA 90807 ERIK SVENSSON CFO 2026-09-24 true CHERI L BOGGELN P00854324 7143747434 2025 ERIK SVENSSON 3590 ELM AVENUE LONG BEACH CA 90807 17116719 false X WWW.LINCHOUSING.ORG X 1996 CA LINC-CDC ENGAGES IN THE SOLICITATION, ADMINISTRATION, DISBURSEMENT AND RENTAL OF PROPERTY TO FOSTER LOW INCOME HOUSING. IT SERVES AS A CHDO TO ASSIST LOCAL JURISDICTIONS TO BETTER USE THEIR HOME GRANTS FROM THE FEDERAL DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. 5 4 0 0 0 8299225 16950318 62955 166401 0 8362180 17116719 569881 2437622 0 0 0 0 8039971 14730402 8609852 17168024 -247672 -51305 72432434 96624407 91923126 125778270 -19490692 -29153863 LINC-CDC ENGAGES IN THE SOLICITATION, ADMINISTRATION, DISBURSEMENT AND RENTAL OF PROPERTY TO FOSTER LOW INCOME HOUSING. IT SERVES AS A CHDO TO ASSIST LOCAL JURISDICTIONS TO BETTER USE THEIR HOME GRANTS FROM THE FEDERAL DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. false false 16081492 2437622 16950318 PROVIDE LOW INCOME AFFORDABLE HOUSING TO NEEDY INDIVIDUALS. 16081492 true false false false false false false false false false false false true false true true true true false false false false false false false false false true false true false false false false false false false false false false false false true true true true false false true 1 0 true 0 false false false false false false false 0 false false false false false false false X 5 4 false false false false false false false true true false true true true false false false false true true false CA X ERIK SVENSSON 5626841100 3590 ELM AVENUE LONG BEACH CA 90807 REBECCA F CLARK CEO 0.00 36.00 X 0 553701 61809 SUNY CHANG president & coo 0.00 36.00 X 0 515062 59040 ERIK SVENSSON CFO 0.00 36.00 X 0 316118 47188 BENJAMIN WINTER Vice President 0.00 36.00 X 0 314482 43641 CECILIA NGO SVP HSG DEV 0.00 36.00 X 0 251845 38666 JAMES ALIBERTI svp 0.00 36.00 X 0 236033 53687 ANDERS PLETT SVP OF DEVELOP 0.00 36.00 X 0 238449 44664 DONIELLE NICHOLS VP OF FINANCE 0.00 36.00 X 0 229578 22965 MARIA MARQUEZ-BROOKES Chairman 0.02 36.00 X X 0 201456 31202 MARK MONTOYA VICE Chairman 0.02 0.00 X 0 0 0 KERRY BROWN Secretary 0.02 0.00 X 0 0 0 TITANIA DAVIS MEMBER 0.02 0.00 X 0 0 0 JUAN GERARDO MEMBER 0.02 0.00 X 0 0 0 2856724 402862 0 false true false 0 0 743(b) ADJ INC FROM K-1 531110 2488 2488 ASSET MANAGEMENT FEE 531390 136922 136922 PARTNERSHIP MANAGMENT FEE 531390 800956 800956 RENTAL INCOME 531110 11681577 11681577 SECTION 1231 GAIN 531110 4328375 4328375 16950318 166401 166401 0 0 0 0 0 0 0 0 17116719 16950318 166401 2437622 2437622 0 0 0 0 0 0 0 0 0 0 0 148253 148253 0 0 0 0 0 0 0 0 0 0 0 0 0 937877 937877 0 0 RENTAL EXPENSE 13113925 13113925 OTHER DEDUCTIONS FROM K-1 392556 392556 743(b) ADJ EXP FROM K-1 137389 137389 ORGANIZATION DUES 402 402 0 17168024 16081492 1086532 0 2184 2184 0 0 1939949 1899143 0 0 85385 85385 0 0 0 0 0 70404916 94637695 0 0 72432434 96624407 23650 91899476 125778270 91923126 125778270 X -19490692 -29153863 -19490692 -29153863 72432434 96624407 X -51305 -9611866 X false true X false false X X 1 LINC HOUSING CORPORATION 330578620 10 true 2437622 0 1 2437622 0 true false false false false false false false false false false false false false false true false 94637695 DEVELOPER FEE PAYABLE 378901 DUE TO AFFILIATE 11604624 NONRECOURSE DEBT FROM K-1 11641143 QUALIFIED NONRECOURSE DEBT FROM K-1 97892168 RECOURSE DEBT FROM K-1 4261434 125778270 X 17116719 17116719 17116719 17168024 17168024 17168024 Part X : FIN48 Footnote SCHEDULE D, PART X, LINE 2:THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND FROM CALIFORNIA INCOME AND FRANCHISE TAXES UNDER REVENUE AND TAXATION CODE SECTION 23701(D); THEREFORE, IT IS GENERALLY EXEMPT FROM BOTH FEDERAL AND STATE INCOME TAXES, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES.THE ENTITIES FEDERAL TAX STATUSES AS PASS-THROUGH ENTITIES ARE BASED ON THEIR LEGAL STATUS AND ARE REQUIRED TO FILE TAX RETURNS WITH THE INTERNAL REVENUE SERVICE AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE CONSOLIDARED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THESE ENTITIES HAVE NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. WITH FEW EXCEPTIONS, THESE ENTITIES ARE NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY TAX AUTHORIES FOR YEARS BEFORE 2021.THE PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS IN ACCORDANCE WITH THE U.S. GAAP REQUIRES THE ORGANIZATION TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN. MANAGEMENT HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAS MEASURED ITS EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS ADEQUETELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. FEDERAL TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE YEARS OF TAX RETURNS FILED. CALIFORNIA TAX AUTHORITIES GENERALLY HAVE THR RIGHT TO EXAMINE AND AUDIT THE PREVIOUS FOUR YEARS OF TAX RETURNS FILED. ANY INTEREST OR PENALTIES ASSESSED TO THE ORGANIZATION ARE RECORDED IN OPERATING EXPENSES. NO EXAMINATIONS ARE CURRENTLY PENDING. true LINC HOUSING CORPORATION 3590 ELM AVENUE LONG BEACH CA 90807 330578620 501(C)(3) 2437622 0 Development of Affordable Housing 1 0 false false false false false false false false false ANDERS PLETT SVP OF DEVELOP 215664 17385 5400 9999 34665 283113 BENJAMIN WINTER Vice President 257088 51994 5400 12732 30909 358123 CECILIA NGO SVP HSG DEV 210919 40926 10074 28592 290511 DONIELLE NICHOLS VP OF FINANCE 196817 32761 5933 17032 252543 ERIK SVENSSON CFO 255214 50904 10000 12078 35110 363306 JAMES ALIBERTI svp 214904 21129 9534 44153 289720 MARIA MARQUEZ-BROOKES Chairman 175575 25881 8080 23122 232658 REBECCA F CLARK CEO 413098 135203 5400 14000 47809 615510 SUNY CHANG president & coo 373987 135675 5400 14000 45040 574102 Form 990, Part VI, Section B, Line 11b THE TAX RETURN WAS PROVIDED TO THE ENTIRE BOARD FOR REVIEW PRIOR TO FILING THE RETURN. Form 990, Part VI, Section B, Line 15b N/A BECAUSE NO COMPENSATION Form 990, Part VI, Section C, Line 19 THE ORGANIZATION MAKES COPIES OF ITS GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS AND PROVIDES THEM TO THE PUBLIC WHEN REQUESTED. Form 990, Part XI, Line 9 BOOK/TAX DIFFERENCE IN INVESTMENTS = -$9611866 CHANGE IN FUND BALANCE THE TAX RETURN HAS BEEN PREPARED TO INCLUDE LINC - COMMUNITY DEVELOPMENT CORP. ACTIVITIES PLUS THEIR INVESTMENT IN PARTNERSHIPS PER THEIR 2025 K-1S SO THAT THE PARTNERSHIP ACTIVITY CORRECTLY REFLECTS THE ORGANIZATION'S PERCENTAGE INTEREST IN THE PARTNERSHIPS. THE SCHEDULE K-1 ITEMS OF INCOME AND EXPENSE ARE ON A TAX BASIS, SO THERE IS AN ADJUSTMENT TO CORRECT FUND BALANCE DUE TO BOOK AND TAX DIFFERENCES FROM THE ORGANIZATION'S PARTNERSHIP INVESTMENTS AS FOLLOWS:BEGINNING FUND BALANCE $(19,490,690).CURRENT YEAR NET INCOME $(51,305).INCREASE/(DECREASE) DUE TO BOOK/TAX DIFFERENCES FROM ($9,611,868). INVESTMENT IN PARTNERSHIPS PER K-1s ENDING FUND BALANCE $(29,153,863). SUPPLEMENTAL INFO: SCH J PAGE 1, Q 3 N/A - THERE IS NO COMPENSATION. 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