LOUISVILLE HOUSING OPPORTUNITY AND MICRO ENTERPRISE COMMUNITY

EIN: 454127209 501(c)(3) Housing & Shelter

LOUISVILLE, KY

Total Revenue
$1,434,657
Total Expenses
$1,943,651
Total Assets
$4,522,999
Net Assets
$2,425,818
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
KY
Principal Officer
KEITH H TALLEY SR
Phone
5026575943
Tax Period
2023-01-01 to 2023-12-31

LOUISVILLE HOUSING OPPORTUNITY AND MICRO ENTERPRISE COMMUNITY, founded in 2011, is a community nonprofit in the Housing & Shelter sector that reported $1.4M in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $1.9M exceeded revenue, resulting in a 35% operating deficit.

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,332,819
Program Service Revenue $81,999
Investment Income $19,839
Other Revenue $0
TOTAL REVENUE $1,434,657

Expense Breakdown

Grants Paid $0
Salaries & Benefits $776,098
Fundraising Expenses $66,940
Program Expenses $1,508,911
Other Expenses $1,167,553
TOTAL EXPENSES $1,943,651

Year-over-Year Comparison

2023 2022 Change
Revenue $1,434,657 $2,661,318 -0.5%
Expenses $1,943,651 $2,330,730 -0.2%
Net Income $-508,994 $330,588 -2.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
Employees
10
Volunteers
11

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
4
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADAM HALL CHAIR 8.00
Officer Director
$0 $0 $0
CASSANDRA WEBB SECRETARY 4.00
Officer Director
$0 $0 $0
CYNTHIA BROWN VICE-CHAIR 4.00
Officer Director
$0 $0 $0
DANA JOHNSON DIRECTOR 4.00
Director
$0 $0 $0
FAITH WEEKLY DIRECTOR 4.00
Director
$0 $0 $0
LAMECA YANKEY DIRECTOR 4.00
Director
$0 $0 $0
MARIA BOUVETTE TREASURER 6.00
Officer Director
$0 $0 $0
STEPHEN REILY DIRECTOR TO JUNE 2023 4.00
Director
$0 $0 $0
YAJAIRA MORPHONIOS DIRECTOR TO MARCH 2023 4.00
Director
$0 $0 $0
TAWANDA OWSLEY DIRECTOR 4.00
Director
$0 $0 $0
CANDISE CAYLAO DIRECTOR 4.00
Director
$0 $0 $0
KEITH H TALLEY SR PRESIDENT & CEO 40.00
Highest
$176,736 $12,916 $189,652
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
2024 No data No data No data No data
2023 $1,434,657 $1,943,651 $4,522,999 $-508,994
2022 $2,661,318 $2,330,730 $4,863,586 $330,588
2021 $1,281,694 $1,219,356 $4,345,145 $62,338
2020 $3,139,962 $1,153,503 $4,558,113 $1,986,459
2019 $830,107 $495,549 $1,451,919 $334,558
2018 $397,226 $192,163 $487,104 $205,063
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