Nonprofit · EIN 31-1190460
L T C INC
Tax-exempt · MUNCIE, IN 47304
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $195,122 | $186,876 | $8,246 | $1,112,529 | $1,066,023 | $46,506 |
| June 30, 2024 | 990 | $195,400 | $185,139 | $10,261 | $1,125,693 | $1,087,433 | $38,260 |
| June 30, 2023 | 990 | $187,120 | $205,997 | -$18,877 | $1,134,098 | $1,106,099 | $27,999 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $192,659
- Investment income
- $2,463
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $23,392
- Salaries, compensation and benefits (total)
- $27,549
- Professional fundraising fees
- $0
- Accounting fees
- $12,213
- Occupancy
- $23,418
- Travel
- $26
- Depreciation
- $45,342
- Program services (functional)
- $152,353
- Management and general (functional)
- $34,523
Balance sheet and other
- Total assets, start of year
- $1,125,693
- Total assets, end of year
- $1,112,529
- Total liabilities, end of year
- $1,066,023
- Net assets, end of year
- $46,506
- Land, buildings and equipment
- $597,614
- Net assets without donor restrictions
- $46,506
- Gross receipts
- $195,122
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1986
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SETH WARREN | PRESIDENT Trustee or director, Officer | 1 | $0 | $696,615 | $61,499 |
| SCOTT RIGGS | TREASURER Trustee or director, Officer | 1 | $0 | $371,060 | $60,767 |
| LISA SUTTLE | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $280,939 | $35,270 |
| TERI GRIMES | SECRETARY Trustee or director, Officer | 1 | $0 | $80,196 | $29,879 |
| TRENT DOWLING | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| HANK MILIUS | FORMER PRESIDENT Former | 1 | $0 | $1,193,470 | $56,299 |
| SCOTT RIGGS | TREASURER Trustee or director, Officer | 1 | $0 | $355,920 | $50,943 |
| LISA SUTTLE | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $268,283 | $29,620 |
| SETH WARREN | PRESIDENT Trustee or director, Officer | 1 | $0 | $206,963 | $23,602 |
| TERI GRIMES | SECRETARY Trustee or director, Officer | 1 | $0 | $77,186 | $25,644 |
| TRENT DOWLING | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 4 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| HANK MILIUS | PRESIDENT Trustee or director, Officer | 1 | $0 | $860,437 | $160,611 |
| SCOTT RIGGS | TREASURER Trustee or director, Officer | 1 | $0 | $319,536 | $49,544 |
| LISA SUTTLE | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $246,765 | $27,745 |
| TERI GRIMES | SECRETARY Trustee or director, Officer | 1 | $0 | $73,676 | $19,017 |
Address and contacts
- Address (IRS master file)
- 240 N TILLOTSON AVE, MUNCIE, IN 47304-3988
- Principal officer (990 for 2024)
- SCOTT RIGGS, 240 N TILLOTSON AVE, MUNCIE, IN 47304
- Signed the 990
- SCOTT RIGGS, CFO
- Phone
- (765) 288-1928
- Return prepared by
- AGRESTA STORMS & O'LEARY PC
Mission
PROVIDE AFFORDABLE HOUSING FOR DISABLED INDIVIDUALS
Program accomplishments
- THE ORGANIZATION OWNS AND MAINTAINS A 20 UNIT SECTION 202 HOUSING PROJECTExpenses $152,353 · revenue $192,659
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 31-1190460
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1987
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,112,529
- Income (IRS master file)
- $195,122
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $195,122 | $186,876 | $1,112,529 | XML |
| 990 | June 2024 | $195,400 | $185,139 | $1,125,693 | IRS |
| 990 | June 2023 | $187,120 | $205,997 | $1,134,098 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 31-1190460).
Questions about L T C INC
- What is the EIN of L T C INC?
- The employer identification number (EIN) of L T C INC is 31-1190460.
- Is L T C INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to L T C INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does L T C INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of L T C INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did L T C INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of L T C INC?
- The 990 for the year ended June 30, 2025 names SCOTT RIGGS.
- Who are the officers and directors of L T C INC?
- The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does L T C INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $195,122, expenses of $186,876 and total assets of $1,112,529 at year end.
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