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Lincoln Towers Housing Development Fund Corporation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Housing, Shelter / Public Housing Facilities (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$2M (2023)

Expenses
$2.18M (2023)

Total Assets
$7.67M (2023)

Total Liabilities
$11.4M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,004,613
Expenses
$2,176,371
Net Income
-$171,758
Net Assets
-$3,701,952
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,535,163
76.6%
Program Services $415,239
20.7%
Investment Income $54,211
2.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $133,063
6.1%
Assets/Debt
Total Assets $7,666,621
Total Liabilities $11,368,573
Net Assets -$3,701,952
Compensation
Key Employees and Officers Compensation Related Other
Rev Dr Michael J Rouse (Chair) $0 $0 $0
Patricia Johnson (Secretary) $0 $0 $0
Bernice Smith (Treasurer) $0 $0 $0
Anna Davis (Director) $0 $0 $0
Ayris Granby (Director) $0 $0 $0
Mary Williams (Director) $0 $0 $0
Fred Alston (Director) $0 $0 $0
Roger Porter (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,977,813
Expenses
$2,065,286
Net Income
-$87,473
Net Assets
-$3,530,194
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,537,129
77.7%
Program Services $425,688
21.5%
Investment Income $14,996
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $135,997
6.6%
Assets/Debt
Total Assets $8,040,061
Total Liabilities $11,570,255
Net Assets -$3,530,194
Compensation
Key Employees and Officers Compensation Related Other
Rev Dr Michael J Rouse (Chair) $0 $0 $0
Patricia Johnson (Secretary) $0 $0 $0
Bernice Smith (Treasurer) $0 $0 $0
Anna Davis (Director) $0 $0 $0
Ayris Granby (Director) $0 $0 $0
Mary Williams (Director) $0 $0 $0
Fred Alston (Director) $0 $0 $0
Roger Porter (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,942,997
Expenses
$2,145,909
Net Income
-$202,912
Net Assets
-$3,262,002
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,491,649
76.8%
Program Services $429,030
22.1%
Investment Income $22,231
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $87
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $123,227
5.7%
Assets/Debt
Total Assets $9,118,785
Total Liabilities $12,380,787
Net Assets -$3,262,002
Compensation
Key Employees and Officers Compensation Related Other
Patricia Johnson (Secretary) $0 $0 $0
Re Vdr Michael J Rouse (President) $0 $0 $0
Mary E Williams (Director) $0 $0 $0
Bernice Smith Esq (Treasurer) $0 $0 $0
Anna Davis (Director) $0 $0 $0
Ayris Granby (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,881,916
Expenses
$2,426,354
Net Income
-$544,438
Net Assets
-$3,059,090
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,394,518
74.1%
Program Services $439,103
23.3%
Investment Income $48,205
2.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $90
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $122,854
5.1%
Assets/Debt
Total Assets $9,733,373
Total Liabilities $12,792,463
Net Assets -$3,059,090
Compensation
Key Employees and Officers Compensation Related Other
Patricia Johnson (Secretary) $0 $0 $0
Re Vdr Michael J Rouse (Chairman) $0 $0 $0
Mary E Williams (Director) $0 $0 $0
Bernice Smith Esq (Treasurer) $0 $0 $0
Anna Davis (Director) $0 $0 $0
Ayris Granby (Director) $0 $0 $0
Fred Alston (Director) $0 $0 $0
Roger Porter (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,774,843
Expenses
$2,359,251
Net Income
-$584,408
Net Assets
-$2,514,652
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,300,268
73.3%
Program Services $410,356
23.1%
Investment Income $58,269
3.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $5,950
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $118,206
5.0%
Assets/Debt
Total Assets $10,277,181
Total Liabilities $12,791,833
Net Assets -$2,514,652
Compensation
Key Employees and Officers Compensation Related Other
Patricia Johnson (Secretary) $0 $0 $0
Re Vdr Michael J Rouse (Chairman) $0 $0 $0
Mary E Williams (Director) $0 $0 $0
Bernice Smith Esq (Treasurer) $0 $0 $0
Anna Davis (Director) $0 $0 $0
Ayris Granby (Director) $0 $0 $0
Fred Alston (Director) $0 $0 $0
Roger Porter (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,804,360
Expenses
$2,146,366
Net Income
-$342,006
Net Assets
-$1,930,244
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,317,775
73.0%
Program Services $405,556
22.5%
Investment Income $59,781
3.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $21,248
1.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $119,921
5.6%
Assets/Debt
Total Assets $10,994,129
Total Liabilities $12,924,373
Net Assets -$1,930,244
Compensation
Key Employees and Officers Compensation Related Other
Patricia Johnson (Secretary) $0 $0 $0
Re Vdr Michael J Rouse (Chairman) $0 $0 $0
Mary E Williams (Director) $0 $0 $0
Bernice Smith Esq (Treasurer) $0 $0 $0
Anna Davis (Director) $0 $0 $0
Ayris Granby (Director) $0 $0 $0
Fred Alston (Director) $0 $0 $0
Roger Porter (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,785,411
Expenses
$1,654,511
Net Income
$130,900
Net Assets
-$1,588,238
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,310,553
73.4%
Program Services $399,934
22.4%
Investment Income $72,061
4.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,863
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $124,080
7.5%
Assets/Debt
Total Assets $12,718,699
Total Liabilities $14,306,937
Net Assets -$1,588,238
Compensation
Key Employees and Officers Compensation Related Other
Patricia Johnson (Secretary) $0 $0 $0
Re Vdr Michael J Rouse (Chairman) $0 $0 $0
Mary E Williams (Director) $0 $0 $0
Bernice Smith Esq (Treasurer) $0 $0 $0
Anna Davis (Director) $0 $0 $0
Ayris Granby (Director) $0 $0 $0
Fred Alston (Director) $0 $0 $0
Roger Porter (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,679,084
Expenses
$1,518,531
Net Income
$160,553
Net Assets
-$1,719,138
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,269,378
75.6%
Program Services $386,578
23.0%
Investment Income $3,737
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $19,391
1.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $121,658
8.0%
Assets/Debt
Total Assets $7,324,570
Total Liabilities $9,043,708
Net Assets -$1,719,138
Compensation
Key Employees and Officers Compensation Related Other
Patricia Johnson (Secretary) $0 $0 $0
Re Vdr Michael J Rouse (Chairman) $0 $0 $0
Mary E Williams (Director) $0 $0 $0
Bernice Smith Esq (Treasurer) $0 $0 $0
Anna Davis (Director) $0 $0 $0
Ayris Granby (Director) $0 $0 $0
Fred Alston (Director) $0 $0 $0
Roger Porter (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,644,004
Expenses
$2,171,778
Net Income
-$527,774
Net Assets
-$1,879,691
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,257,604
76.5%
Program Services $354,133
21.5%
Investment Income $1,177
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $31,090
1.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $116,708
5.4%
Assets/Debt
Total Assets $6,948,151
Total Liabilities $8,827,842
Net Assets -$1,879,691
Compensation
Key Employees and Officers Compensation Related Other
Patricia Johnson (Secretary) $0 $0 $0
Re Vdr Michael J Rouse (Chairman) $0 $0 $0
Mary E Williams (Director) $0 $0 $0
Bernice Smith Esq (Treasurer) $0 $0 $0
Anna Davis (Director) $0 $0 $0
Ayris Granby (Director) $0 $0 $0
Fred Alston (Director) $0 $0 $0
Roger Porter (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,664,015
Expenses
$1,538,195
Net Income
$125,820
Net Assets
-$1,351,917
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,285,369
77.2%
Program Services $351,264
21.1%
Investment Income $286
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $27,096
1.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $112,304
7.3%
Assets/Debt
Total Assets $4,909,636
Total Liabilities $6,261,553
Net Assets -$1,351,917
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Albert Jones (Member) $0 $0 $0
Rev Michael J Rouse (President) $0 $0 $0
Mary E Williams (Member) $0 $0 $0
Bernice Smith Esq (Member) $0 $0 $0
Eugene F Conroy (Cfo) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,657,575
Expenses
$1,721,730
Net Income
-$64,155
Net Assets
-$1,477,737
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,252,221
75.5%
Program Services $375,762
22.7%
Investment Income $257
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $29,335
1.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $113,678
6.6%
Assets/Debt
Total Assets $5,146,090
Total Liabilities $6,623,827
Net Assets -$1,477,737

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,647,894
Expenses
$1,652,679
Net Income
-$4,785
Net Assets
-$1,413,582
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,254,270
76.1%
Program Services $356,510
21.6%
Investment Income $352
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $36,762
2.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $107,698
6.5%
Assets/Debt
Total Assets $5,579,923
Total Liabilities $6,993,505
Net Assets -$1,413,582

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,619,174
Expenses
$1,615,000
Net Income
$4,174
Net Assets
-$1,408,797
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,226,781
75.8%
Program Services $354,927
21.9%
Investment Income $471
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $36,995
2.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $100,962
6.3%
Assets/Debt
Total Assets $5,834,251
Total Liabilities $7,243,048
Net Assets -$1,408,797

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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