Organizations Filed Purposes:
LMHADC IS OPERATED FOR CHARITABLE PURPOSES INCLUDING, BUT NOT LIMITED TO, THE ENHANCEMENT OF THE HOUSING STOCK WITHIN LOUISVILLE. MOST SIGNIFICANTLY, LMHADC ENGAGES FINANCES AND ASSISTS IN THE DEVELOPMENT OF LOW AND/OR MULTI-INCOME HOUSING. THE LMHADC ALSO CONSULTS WITH ITS DEVELOPMENT PARTNERS, AS WELL AS FINANCES, SUPERVISES, CONSTRUCTS AND OPERATES HOUSING PROJECTS.
NSP - LMHADC IS DEVELOPING AFFORDABLE HOUSING FOR LOW-INCOME FAMILIES UNDER THE NEIGHBORHOOD STABILIZATION PROGRAM (NSP), AN INITIATIVE OF THE U.S HOUSING AND URBAN DEVELOPMENT DEPARTMENT (HUD). THE COMPANY HAS ACQUIRED VACANT LOTS ON WHICH IT IS CONSTRUCTING 9 RENTAL UNITS THAT WILL BE LEASED TO QUALIFYING FAMILIES AND INCORPORATED INTO THE LOCAL HOUSING AUTHORITY'S PUBLIC HOUSING STOCK. ELIGIBLE FAMILIES MUST EARN LESS THAN 60% OF MEDIAN INCOME AT THEIR INITIAL LEASE-UP IN ORDER TO LIVE IN A NSP UNIT.
PROPERTY MANAGEMENT - LMHADC PROVIDES PROPERTY MANAGEMENT SERVICES FOR SEVERAL CONDOMINIUM REGIMES THAT WERE DEVELOPED BY LMHADC. THE LOAN PORTFOLIO IS REPRESENTATIVE OF THE FINANCING PROVIDED TO BUYERS OF THE CONDOMINIUM UNITS. LMHADC ALSO MANAGES A 69 UNIT PUBLIC AND INDIAN HOUSING MIXED-FINANCE DEVELOPMENT.
MORTGAGE SERVICES - DEVELOPMENT OF LOW-INCOME HOME OWNERSHIP PROGRAMS FOR PUBLIC HOUSING RESIDENTS AND OTHER LOW-INCOME PERSONS THROUGH THE ASSISTANCE OF LOUISVILLE METRO, HUD AND LOCAL BANKS.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Tim Barry | PRESIDENT | 2 | $0 |
| Ron Duke | DIRECTOR | 1 | $0 |
| Jane Walsh | DIRECTOR | 1 | $0 |
| Jeffrey Ralph | SECRETARY/DIRECTOR | 2 | $0 |
| Wavid Wray | TREASURER/DIRECTOR | 2 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/201643139349301544_public.xml