NonprofitsLouisville Housing Opportunities And Microenterprise Comm Dev Loan

Housing & Shelter

Louisville Housing Opportunities And Microenterprise Comm Dev Loan

LOUISVILLE, KY

Total revenue

$1.3M

Total expenses

$1.5M

Net assets

$2.2M

Grants received

$1.4M

22 grants

EIN

454127209

Tax year

2024

Mission

Lhome is a mission-driven, nonprofit financial institution that provides accessible, affordable loan products and financial coaching services to low-income small business owners, homeowners, and residents of louisville, kentucky. Lhome is a community development financial institution (cdfi), certified by the u.s. Treasury. Lhome is short for the louisville housing opportunities and micro-enterprise community development loan fund, inc.lhome is committed to serving the people and businesses of louisvillle's low- and moderate- income census tracts, primarily our west and south end neighborhoods, and creating intergenerationial wealth opportunities, particularly for louisville's black and brown residents. Over 70% of lhome clients are non-white, and over 90% reside in these historically underserved and discriminated sections of our city.

Financials

FY 2024

Revenue

Contributions & grants$1.1M
Program service revenue$90K
Investment income$55K
Other revenue
Total revenue$1.3M

Expenses

Grants paid
Salaries & benefits$1.0M
Fundraising$115K
Other expenses$435K
Total expenses$1.5M
Total assets$3.4M
Net assets$2.2M

People

9 listed

NameRoleCompensation

CASSANDRA WEBB

SECRETARY TO OCTOBER 2024

Board

4 hrs/wk

CYNTHIA BROWN

VICE-CHAIR

Board

5 hrs/wk

DANA JOHNSON

DIRECTOR

Board

4 hrs/wk

ROLANDAS BYRD

DIRECTOR

Board

4 hrs/wk

LAMECA YANKEY

DIRECTOR TO JUNE 2024

Board

4 hrs/wk

DEREK BELL

TREASURER

Board

5 hrs/wk

CANDISE CAYLAO

DIRECTOR

Board

4 hrs/wk

TONYA JOHNSON

DIRECTOR

Board

4 hrs/wk

KEITH H TALLEY SR

PRESIDENT & CEO

Staff

$174K

40 hrs/wk

Grants received

Showing 22 of 22

FromAmountPurposeYear
$80K
CREATION OF NEW STAFF POSITIONS TO FURTHER LOUISVILLE HOUSE OPPORTUNITY AND MICRO ENTERPRISE COMMUNITY
2024
$100K
L21 PUBLIC HOUSING
2023
$50K
PROGRAM SUPPORT
2023
$125K
FINANCIAL COACHING IN LOW TO MODERATE INCOME AREAS OF LOUISVILLE
2022
$33K
L21 PUBLIC HOUSING
2022
$361K
L21 PUBLIC HOUSING
2021
$8K
Financial Navigator Program
2021
$100K
LOAN FORGIVENESS
2020
$75K
FINANCIAL COACHING IN LOW TO MODERATE INCOME AREAS OF LOUISVILLE
2020
$75K
L21 PUBLIC HOUSING
2020
$50K
COVID-19 GRANT
2020
$25K
RESILIENCE LOAN PROG
2020
$17K
Financial Navigator Program
2020
$14K
L21 PUBLIC HOUSING
2020
$8K
GENERAL SUPPORT
2020
$125K
L21 PUBLIC HOUSING
2019
$75K
FINANCIAL COACHING IN LOW TO MODERATE INCOME AREAS OF LOUISVILLE
2019
$40K
L21 PUBLIC HOUSING
2019
$21K
L21 PUBLIC HOUSING
2019
$5K
For grant recipient's exempt purposes
2019
$20K
HOUSING & SHELTER
2018

Funded by

$1.4M from 13 funders · 22 grants · 2018–2024

The Community Foundation Of

$527K · 5 grants · 2018–2022

The Gheens Foundation Inc

$275K · 3 grants · 2019–2022

The Community Foundation Of Louisville

$135K · 3 grants · 2019–2023

The Housing Partnership Inc

$100K · 1 grant · 2020

Russell A Place Of Promise

$80K · 1 grant · 2024

Opportunity Finance Network

$50K · 1 grant · 2020

Legacy Foundation

$50K · 1 grant · 2023

Details

EIN454127209
NTEE codeL21
Subsection03
Ruling date2014-07
Formed2011
Employees12
Volunteers8
LOUISVILLE HOUSING OPPORTUNITIES AND MICROENTERPRISE COMM DEV LOAN — Mission, Financials & Grants Received | Grantivo