Louisville Housing Opportunities and Microenterprise Comm Dev Loan
Louisville Housing Opportunities and Microenterprise Comm Dev Loan
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About this organization
Mission
LHOME is a nonprofit community development loan fund investing in under-served housing markets and small businesses to contribute to local economic development and to create thriving communities. It is a certified CDFI that extends non-predatory credit building products to low-income communities in Louisville, KY.
About
The purpose of Louisville Housing Opportunities and Micro-Enterprise Community Development Loan Fund, Inc. ('LHOME) is to combat community deterioration and relieve poverty in economically disadvantaged areas of Louisville through community development and revitalization programs, projects and activities that stimulate the development of affordable housing, support micro-enterprise development in such areas by low-income individuals, and/or foster job creation, and to engage in other charitable and educational activities consistent with this purpose.
Interesting data from their 2020 990 filing
In the filing, the mission of the non-profit is noted as “Fund, inc. ("lhome") is to combat community deterioration and relieve poverty in economically disadvantaged areas of louisville through community development and revitalization programs, projects and activities that stimulate the development of affordable housing, support micro-enterprise development in such areas by low-income individuals, and/or foster job creation, and to engage in other charitable and educational activities consistent with this purpose.”.
When referring to its responsibilities, they were outlined as: “Fund, inc. ("lhome") is to combat community deterioration and relieve poverty in economically disadvantaged areas of louisville through community development and revitalization programs, projects and activities that stimulate the development of affordable housing, support micro-enterprise development in such areas by low-income individuals, and/or foster job creation, and to engage in other charitable and educational activities consistent with this purpose.”.
- The state in which the non-profit is legally registered to operate is KY, as per legal records.
- The filing documents the non-profit's address in 2020 as PO BOX 211028, LOUISVILLE, KY, 40221.
- According to the non-profit's form, they have 6 employees on their payroll as of 2020.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are between $100,000 and $250,000.
- Revenue is between $500,000 and $1,000,000+.
- Revenue less expenses is $334,558.
- The CEO compensation strategy within the organization is not based on a review and approval from an impartial entity.
- The organization has 7 independent voting members.
- The organization was formed in 2011.
- The organization pays $302,139 in salary, compensation, and benefits to its employees.
- The organization pays $37,963 in fundraising expenses.
- The organization has minutes of its meetings.
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