LINCOLN VILLAGE PRESERVATION CORPORATION

EIN: 200379279 501(c)(3) Housing & Shelter

HUNTSVILLE, AL

Total Revenue
$3,555,220
Total Expenses
$2,715,291
Total Assets
$13,825,734
Net Assets
$13,013,039
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
AL
Principal Officer
HEATHER TEMPLET
Phone
2567014303
Tax Period
2024-07-01 to 2025-06-30

LINCOLN VILLAGE PRESERVATION CORPORATION, founded in 2003, is a community nonprofit in the Housing & Shelter sector that reported $3.6M in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $840K, a strong 24% operating margin.

Mission

THE CORPORATION'S PRIMARY MISSION IS TO PROVIDE AFFORDABLE HOUSING AND EDUCATION AND TO OFFER COMFORT, ASSISTANCE, AND ENCOURAGEMENT TO LOW-INCOME RESIDENTS IN THE LINCOLN MILL VILLAGE AREA LOCATED IN HUNTSVILLE, ALABAMA.

Program Service Accomplishments

Program 1
Expenses: $1,572,131 Revenue: $193,077

LINCOLN VILLAGE PRESERVATION CORPORATION OWNS RENTAL HOUSING UNITS THAT HAVE BEEN REFURBISHED WITH THE HELP OF VOLUNTEER LABOR AND ARE LEASED AT BELOW MARKET RATES FOR THE BENEFIT OF THE RESIDENTS OF...

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LINCOLN VILLAGE PRESERVATION CORPORATION OWNS RENTAL HOUSING UNITS THAT HAVE BEEN REFURBISHED WITH THE HELP OF VOLUNTEER LABOR AND ARE LEASED AT BELOW MARKET RATES FOR THE BENEFIT OF THE RESIDENTS OF LINCOLN MILL VILLAGE.

Program 2
Expenses: $925,353 Revenue: $58,194

IN 2012, THE CORPORATION PURCHASED A FAILED TITLE I PUBLIC ELEMENTARY SCHOOL BUILDING IN THE LINCOLN MILL VILLAGE AREA AND ESTABLISHED AN EDUCATIONAL ACADEMY WITH MINIMAL TUITION FOR THE BENEFIT OF...

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IN 2012, THE CORPORATION PURCHASED A FAILED TITLE I PUBLIC ELEMENTARY SCHOOL BUILDING IN THE LINCOLN MILL VILLAGE AREA AND ESTABLISHED AN EDUCATIONAL ACADEMY WITH MINIMAL TUITION FOR THE BENEFIT OF ELEMENTARY STUDENTS ORIGINALLY ZONED FOR THAT SCHOOL. THE SCHOOL SERVED 31 STUDENTS IN PK3-PK4 AND 86 STUDENTS IN GRADES K-8.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,930,406
Program Service Revenue $251,271
Investment Income $336,222
Other Revenue $37,321
TOTAL REVENUE $3,555,220

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,794,438
Fundraising Expenses $198,135
Program Expenses $2,497,484
Other Expenses $916,943
TOTAL EXPENSES $2,715,291

Year-over-Year Comparison

2024 2023 Change
Revenue $3,555,220 $4,977,929 -0.3%
Expenses $2,715,291 $2,371,602 +0.1%
Net Income $839,929 $2,606,327 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
58
Volunteers
479

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$52,167
Total Directors
10
$109,730
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HEATHER TEMPLET PRESIDENT 4.00
Officer Director
$0 $0 $0
SCOTT BENCE VICE PRES/TR 4.00
Officer Director
$0 $0 $0
KYLE FINLAY DIRECTOR 2.00
Director
$0 $0 $0
WARNE HEATH DIRECTOR 2.00
Director
$0 $0 $0
STEVE HILL DIRECTOR 2.00
Director
$0 $0 $0
CHRIS LOVE DIRECTOR 2.00
Director
$0 $0 $0
RICA MCROY DIRECTOR 2.00
Director
$0 $0 $0
MARK STEARNS DIRECTOR 40.00
Director
$109,730 $0 $109,730
JAY WILSON DIRECTOR 2.00
Director
$0 $0 $0
SAM YEAGER DIRECTOR 2.00
Director
$0 $0 $0
JESSICA AHRENS EXECUTIVE DI 40.00
Officer
$52,167 $0 $52,167
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $3,555,220 $2,715,291 $13,825,734 $839,929
2024 $4,977,929 $2,371,602 $13,069,152 $2,606,327
2023 $4,336,921 $2,291,952 $11,636,290 $2,044,969
2022 $4,041,684 $1,869,557 $11,225,323 $2,172,127
2021 $2,903,111 $1,507,241 $5,850,298 $1,395,870
2020 $2,915,825 $1,449,452 $4,576,445 $1,466,373
2019 $1,937,154 $1,387,048 $2,560,785 $550,106
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