2021-11-15T10:30:55-06:00 2020-12-31 611274635 SHELTON CPAS LLP 181 WEST PROFESSIONAL PARK COURT BOWLING GREEN KY 42104 990 2020-01-01 200584291 LIVE THE DREAM DEVELOPMENT INC % ABRAHAM WILLIAMS EXEC DIRECTOR LIVE 2708436071 PO BOX 116 BOWLING GREEN KY 421020116 ABRAHAM WILLIAMS SECRETARY/TREASURER 2708436071 2021-11-09 true ABRAHAM WILLIAMS XXX-XX-XXXX JERRY W SHELTON P01332985 2708429620 2021-11-15 2020 2022-09-23 18:48:47Z ABRAHAM WILLIAMS PO BOX 116 BOWLING GREEN KY 421020116 527828 false X X 2003 KY TO PROMOTE ECONOMIC DEVELOPMENT AND ENHANCE AFFORDABLE HOUSING IN THE COMMUNITY OF BOWLING GREEN AND WARREN COUNTY, KENTUCKY AND TO OTHERWISE IMPROVE THE QUALITY OF LIFE IN THE AREAS FOR TARGETED LOW-INCOME RESIDENTS IN THE AREAS. 5 5 1 6 0 283180 192567 240368 334605 1814 656 0 525362 527828 0 0 5116 3610 0 0 439978 398885 445094 402495 80268 125333 7306835 7340876 6869626 6778334 437209 562542 X TO PROMOTE ECONOMIC DEVELOPMENT AND ENHANCE AFFORDABLE HOUSING IN THE COMMUNITY OF BOWLING GREEN AND WARREN COUNTY, KENTUCKY AND TO OTHERWISE IMPROVE THE QUALITY OF LIFE IN THE AREAS FOR TARGETED LOW-INCOME RESIDENTS IN THE AREAS. false false 398179 334605 TO PROMOTE ECONOMIC DEVELOPMENT AND ENHANCE AFFORDABLE HOUSING IN THE COMMUNITY OF BOWLING GREEN AND WARREN COUNTY, KENTUCKY AND TO OTHERWISE IMPROVE THE QUALITY OF LIFE IN THE AREA. SERVICES INCLUDE BUYING AND REHABILITATING HOMES TO SELL TO THEIR TARGETED POPULATION GROUPS UNDER THE FEDERAL HUD GUIDELINES, AS WELL AS, TEACHING HOME OWNERSHIP COURSES TO LOW TO MODERATE INCOME FAMILIES TO EDUCATE THEM ON THE HOME BUYING PROCESS. 398179 true true false false false false false false false false true false true false true true false false false false false false false false false false false false false false false false false false false false false false false false false false false true true false false false true 9 0 1 true false false false false false false false false false false false false X 5 5 false false false false false false false true true false false true true true true true true false false true true KY X STEPHANIE LUTTERMAN 2708436071 247 DOUBLE SPRINGS ROAD BOWLING GREEN KY 42101 X JOHN PAUL BLAIR BOARD MEMBER 1.00 X 0 0 0 MARY COHRON BOARD MEMBER 1.00 X 0 0 0 BRAD HOWARD CHAIRMAN 1.00 X 0 0 0 LAWRENCE WHITE BOARD MEMBER 1.00 X 0 0 0 ABRAHAM WILLIAMS SECRETARY/TR 1.00 X 0 0 0 false false false X 72460 120107 192567 RENTAL-TARGETED POPULATION 624190 157968 157968 HOME OWNERSHIP-SEE SCHEDULE O 624190 125000 125000 HOME OWNERSHIP COUNSELING 624190 51637 51637 334605 656 656 527828 335261 2857 2857 534 534 219 219 4316 4316 676 676 64264 64264 109543 109543 7537 7537 CONTRACT COSTS 111118 111118 HOME OWNERSHIP-SCHEDULE O 86232 86232 MAINTENANCE MATERIALS 7485 7485 SUPPLIES 5708 5708 2006 2006 402495 398179 4316 0 134130 353480 408 3059305 163596 3005252 2895709 4167045 4091687 7306835 7340876 2002 9877 6479330 6380279 388294 388178 6869626 6778334 X 437209 562542 437209 562542 7306835 7340876 125333 X false true X true true true X 9407 14987 241629 283180 192567 741770 9407 14987 241629 283180 192567 741770 45802 695968 100 100 741870 1000751 0.93810 0.95750 X PART II, LINE 10 MISCELLANEOUS 100 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 46878 46878 3012427 163596 2848831 2895709 FT WEBB DEVELOPMENT CORP-HUD LOAN 3811300 C FT WEBB DEVELOPMENT CORP-EQUITY 253810 C PROGRAM-RELATED PROPERTY - LOTS AND 26577 C 4091687 HOUSINGAUTHORITY-BOWLINGGREENPAYABLE 375774 SECURITY DEPOSITS 10625 ACCRUED LIABILITIES 1779 388178 X SCHEDULE D, PAGE 3, PART X LIVE THE DREAM DEVELOPMENT, INC. IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION IS NOT CURRENTLY UNDER AUDIT NOR HAS IT BEEN CONTACTED BY THE INTERNAL REVENUE SERVICE. BASED ON THE EVALUATION OF LIVE THE DREAM DEVELOPMENT, INC. TAX POSITIONS, MANAGEMENT BELIEVES ALL POSITIONS TAKEN WOULD BE UPHELD UNDER AN EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR THE YEAR ENDED DECEMBER 31, 2020. THE ORGANIZATION'S POLICY ON INCOME STATEMENT CLASSIFICATION OF INTEREST RECOGNIZED IN ACCORDANCE WITH PARAGRAPH 740-10-25-56 IN THE FINANCIAL STATEMENTS WILL BE INTEREST EXPENSE, AND PENALTIES RECOGNIZED IN ACCORDANCE WITH PARAGRAPH 740-10-25-57 IN THE FINANCIAL STATEMENTS WILL BE IN ANOTHER EXPENSE CLASSIFICATION. FORM 990 - ORGANIZATION'S MISSION TO PROMOTE ECONOMIC DEVELOPMENT AND ENHANCE AFFORDABLE HOUSING IN THE COMMUNITY OF BOWLING GREEN AND WARREN COUNTY, KENTUCKY AND TO OTHERWISE IMPROVE THE QUALITY OF LIFE IN THE AREAS FOR TARGETED LOW-INCOME RESIDENTS IN THE AREAS. FORM 990 FORM 990, PAGE 10, PART IX, LINE 24A - THIS EXPENSE IS THE COST OF BUYING AND REMODELING HOMES WHICH ARE, IN TURN, SOLD TO THE TARGETED LOW-INCOME POPULATION. FORM 990, PART VI FORM 990, PAGE 6, PART VI, LINE 13 - THE ORGANIZATION HAS AN OPEN DOOR POLICY WHERE EMPLOYEES ARE ENCOURAGED TO SHARE CONCERNS, SEEK INFORMATION, PROVIDE INPUT, AND RESOLVE PROBLEMS WITHIN THE DEPARTMENT. FORM 990, PAGE 6, PART VI, LINE 11B WHILE A COPY OF THE ORGANIZATION'S RETURN IS NOT PRESENTED TO THE BOARD BEFORE FILING, THE BOARD DOES RECEIVE A COPY OF THE ORGANIZATION'S ANNUAL FINANCIAL STATEMENTS AFTER THE ANNUAL COMPILATION HAS BEEN COMPLETED. THE 990 IS PREPARED USING THESE FINANCIAL STATEMENTS AFTER THE BOARD HAS REVIEWED THEM. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION MONITORS THE POLICY ON AN ONGOING BASIS. THROUGH MEETINGS AND DAY-TO-DAY OPERATIONS, IT IS ASSURED THAT EVERYONE IS IN COMPLIANCE. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS, CONFLICTS OF INTEREST, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VIII FORM 990, PAGE 9, PART VIII, LINE 2A - THIS REVENUE AMOUNT IS THE SALES OF HOMES TO TARGETED LOW-INCOME FAMILIES. FORT WEBB ELDERLY HOUSING LLLP 247 DOUBLE SPRINGS ROAD BOWLING GREEN KY 42101 270166009 PART VII KY N/A RELATED false false FORT WEBB DEVELOPMENT CORPORATION 247 DOUBLE SPRINGS RD BOWLING GREEN KY 42101 270165839 PART VII KY N/A C CORP -13 4063266 1.00000 true false false false false false false false false false false false false false false false false false false false SCHEDULE R PART III, LINE (1), COLUMN (B) - PRIMARY ACTIVITY FORT WEBB ELDERLY HOUSING LLLP PRIMARY ACTIVITY IS TO OPERATE AND MAINTAIN 36 APARTMENTS AND A COMMUNITY BUILDING IN ACCORDANCE WITH A HUD GRANT MADE TO THE FILING ORGANIZATION FOR LOW-INCOME ELDERLY RESIDENTS IN THE BOWLING GREEN-WARREN COUNTY COMMUNITY. THE FORT WEBB ELDERLY HOUSING LLLP WILL ALSO OWN, OPERATE, AND LEASE THE UNITS TO TARGETED POPULATION RESIDENTS. PART IV, LINE (1), COLUMN (B) - PRIMARY ACTIVITY FORT WEBB DEVELOPMENT CORPORATION PRIMARY ACTIVITY IS TO PARTICPATE IN FINANCING, PROMOTING, AND MANAGING A 36-UNIT APARTMENT COMPLEX IN ACCORDANCE WITH A HUD GRANT MADE TO THE FILING ORGANIZATION FOR LOW-INCOME ELDERLY RESIDENTS IN THE BOWLING GREEN-WARREN COUNTY COMMUNITY. FORT WEBB DEVELOPMENT CORPORATION WILL MANAGE THE APARTMENT AND MONITOR THE HUD GRANT PROCEDURES AS THE GENERAL PARTNER IN FORT WEBB ELDERLY HOUSING LLLP.