Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1987.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
82 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Who runs it and what they're paid
5 people listed on the 990.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Builds and provides affordable homes for people with disabilities.
This section is blank until L T C INC claims this page.
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The organization owns and maintains a 20 unit section 202 housing project
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By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $35K | $31K |
| Land, buildings, equipmentLn 10c | $643K | $598K |
| Total assetsLn 16 | $1.1M | $1.1M |
| LiabilitiesLn 26 | $1.1M | $1.1M |
| Net assetsLn 32 | $38K | $47K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $23K | $23K | ||
| Other employee benefitsLn 9 | $2K | $2K | ||
| Payroll taxesLn 10 | $2K | $2K | ||
| Management feesLn 11a | $15K | $15K | ||
| Accounting feesLn 11c | $12K | $12K | ||
| Advertising and promotionLn 12 | $375 | $375 | ||
| OccupancyLn 16 | $23K | $23K | ||
| TravelLn 17 | $26 | $26 | ||
| InterestLn 20 | $41K | $41K | ||
| Depreciation, depletion and amortizationLn 22 | $45K | $45K | ||
| InsuranceLn 23 | $12K | $12K | ||
| Other expenses (24a–d)Ln 24 | $10K | $3K | $7K | |
| Total functional expensesLn 25 | $187K | $152K | $35K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $195K | $187K | $8K | $47K | 990 PDF |
| FY2024 | $195K | $185K | $10K | $38K | 990 PDF |
| FY2023 | $187K | $206K | −$19K | $28K | 990 PDF |
| FY2022 | $178K | $263K | −$84K | $47K | 990 PDF |
| FY2021 | $178K | $182K | −$4K | $131K | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $195,122 across 3 lines filed
Part IX · Statement of functional expenses $186,876 across 12 lines filed
Part X · Balance sheet $1,112,529 assets, 12 lines filed
Part XI · Reconciliation of net assets $46,506 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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