LONDONS BOARDING HOME RECREATION & REHAB TRAINING FACILITIES INC: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization: LONDONS BOARDING HOME RECREATION & REHAB TRAINING FACILITIES INC (EIN 72-1173501)
Tax period: 2022-01-01 to 2022-12-31
Filed: 2023-12-14
IRS object ID: 202343489349301614
Schema version: 2022v5.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2023-12-14T17:45:45-05:00	ReturnTs
Tax Period End	2022-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	721435644	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	Coleman Enterprises Tax Service	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	4822 Waywood Dr	AddressLine1Txt
City	Zachary	CityNm
State Abbreviation	LA	StateAbbreviationCd
ZIP	70791	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2022-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	721173501	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Londons Boarding Home	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	LOND	BusinessNameControlTxt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	4822 Waywoood Drive	AddressLine1Txt
City	Zachary	CityNm
State Abbreviation	LA	StateAbbreviationCd
ZIP	70791	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	Glenda L Dorsey	PersonNm
Person Title	CEO	PersonTitleTxt
Phone	2254452103	PhoneNum
Signature	2023-10-29	SignatureDt
Discuss With Paid Preparer	false	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	Glenda	PersonFirstNm
Person Last	Dorsey	PersonLastNm

Field	Value	IRS element (for citing)
SSN	XXX-XX-XXXX	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Cynthia L Coleman	PreparerPersonNm
PTIN	P01211641	PTIN
Phone	2256548999	PhoneNum
Preparation	2023-12-14	PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	0	TrustedCustomerCd
OOB Security Verification	00	OOBSecurityVerificationCd
Authentication Assurance Level	AAL2	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2022	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

Field	Value	IRS element (for citing)
Business Name Line1	LBH Unlimited Resources	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Gross Receipts	$569,376	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1994	FormationYr
Legal Domicile State	LA	LegalDomicileStateCd
Activity Or Mission	LBH exists to provide social, community,and affordable housing development services. LBH Unlimited Resources (LUR)is the affiliated organization that provides personal care services for medicaid eligible recipients.	ActivityOrMissionDesc
Voting Members Governing Body	5	VotingMembersGoverningBodyCnt
Voting Members Independent	0	VotingMembersIndependentCnt
Total Employee	29	TotalEmployeeCnt
Total Volunteers	3	TotalVolunteersCnt
Total Gross UBI	$900	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$556,494	PYProgramServiceRevenueAmt
CY Program Service Revenue	$559,480	CYProgramServiceRevenueAmt
CY Investment Income	$0	CYInvestmentIncomeAmt
PY Other Revenue	$139,815	PYOtherRevenueAmt
CY Other Revenue	$9,896	CYOtherRevenueAmt
PY Total Revenue	$696,309	PYTotalRevenueAmt
CY Total Revenue	$569,376	CYTotalRevenueAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members	$5,000	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$536,162	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$423,000	CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$55,392	PYOtherExpensesAmt
CY Other Expenses	$55,010	CYOtherExpensesAmt
PY Total Expenses	$591,554	PYTotalExpensesAmt
CY Total Expenses	$483,010	CYTotalExpensesAmt
PY Revenues Less Expenses	$104,755	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$86,366	CYRevenuesLessExpensesAmt
Total Assets BOY	$160,925	TotalAssetsBOYAmt
Total Assets EOY	$249,098	TotalAssetsEOYAmt
Total Liabilities BOY	$150,000	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$151,807	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$10,925	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$97,291	NetAssetsOrFundBalancesEOYAmt
Mission	LBH exists to provide social, community,and affordable housing development services. LBH Unlimited Resources (LUR)is the affiliated organization that provides personal care services for medicaid eligible recipients.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Expense	$483,010	ExpenseAmt
Revenue	$6,234	RevenueAmt
Desc	Provide in-home Activity of Daily Living (ADL) services to the elderly and disabled medicaid population. Miscellaneous revenue from residual funds of rental property.	Desc
Total Program Service Expenses	$483,010	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (true)	DescribedInSection501c3Ind
Schedule B Required	false	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Lobbying Activities	false	LobbyingActivitiesInd
Subject To Proxy Tax	false	SubjectToProxyTaxInd
Donor Advised Fund	false	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	false	CollectionsOfArtInd
Credit Counseling	false	CreditCounselingInd
Donor Rstr Or Quasi Endowments	false	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	false	ReportLandBuildingEquipmentInd
Report Investments Other Sec	false	ReportInvestmentsOtherSecInd
Report Program Related Invst	false	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	false	ReportOtherLiabilitiesInd
Include FIN48 Footnote	false	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	false	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	false	ConsolidatedAuditFinclStmtInd
School Operating	false	SchoolOperatingInd
Foreign Office	false	ForeignOfficeInd
Foreign Activities	false	ForeignActivitiesInd
More Than5000 K To Org	false	MoreThan5000KToOrgInd
More Than5000 K To Individuals	false	MoreThan5000KToIndividualsInd
Professional Fundraising	false	ProfessionalFundraisingInd
Fundraising Activities	false	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	false	GrantsToOrganizationsInd
Grants To Individuals	false	GrantsToIndividualsInd
Schedule J Required	false	ScheduleJRequiredInd
Tax Exempt Bonds	false	TaxExemptBondsInd
Engaged In Excess Benefit Trans	false	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	false	PYExcessBenefitTransInd
Loan Outstanding	false	LoanOutstandingInd
Grant To Related Person	false	GrantToRelatedPersonInd
Business Rln With Org Mem	false	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	false	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	false	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	false	DeductibleNonCashContriInd
Deductible Art Contribution	false	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	false	DisregardedEntityInd
Related Entity	false	RelatedEntityInd
Related Organization Ctrl Ent	false	RelatedOrganizationCtrlEntInd
Transaction With Control Ent	false	TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	false	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	3	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	29	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (true)	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	false	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Quid Pro Quo Contributions	false	QuidProQuoContributionsInd
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Form8899 Filedind	false	Form8899Filedind
Form1098 C Filed	false	Form1098CFiledInd
DAF Excess Business Holdings	false	DAFExcessBusinessHoldingsInd
Taxable Distributions	false	TaxableDistributionsInd
Distribution To Donor	false	DistributionToDonorInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	false	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	5	GoverningBodyVotingMembersCnt
Independent Voting Member	0	IndependentVotingMemberCnt
Family Or Business Rln	Yes (true)	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	false	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	false	MembersOrStockholdersInd
Election Of Board Members	false	ElectionOfBoardMembersInd
Decisions Subject To Approva	false	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	false	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	false	LocalChaptersInd
Form990 Provided To Gvrn Body	false	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	false	ConflictOfInterestPolicyInd
Whistleblower Policy	false	WhistleblowerPolicyInd
Document Retention Policy	false	DocumentRetentionPolicyInd
Compensation Process CEO	false	CompensationProcessCEOInd
Compensation Process Other	false	CompensationProcessOtherInd
Investment In Joint Venture	false	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	LA	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	Glenda Dorsey	PersonNm
Phone	2256584932	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	4822 Waywood Dr	AddressLine1Txt
City	Zachary	CityNm
State Abbreviation	LA	StateAbbreviationCd
ZIP	70791	ZIPCd

Field	Value	IRS element (for citing)
No Listed Persons Compensated	Yes (X)	NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd	Key EmployeeKeyEmployeeInd
Lula London
Executive Director	12.00	0.00	Yes (X)	Yes (X)	$0	$0	$0
Glenda L Dorsey
CEO	40.00	0.00	Yes (X)	Yes (X)	$0	$0	$0
Nelda Carter
Member	0.00	0.00			$0	$0	$0	Yes (X)
Barbara Dyer
Member	0.00	0.00			$0	$0	$0	Yes (X)
Robert Sullivan
Member	0.00	0.00			$0	$0	$0	Yes (X)
Sara Wilson-Rogers
President	0.00	0.00			$0	$0	$0	Yes (X)
Glenda Armstrong
SecretaryTreasurer	0.00	0.00			$0	$0	$0	Yes (X)
Sharelle Thomas
Employee	0.00	0.00		Yes (X)	$0	$0	$0		Yes (X)
Ebony Blacks
Employee	0.00	0.00		Yes (X)	$0	$0	$0		Yes (X)
Lashonda Armstrong
Employee	0.00	0.00		Yes (X)	$0	$0	$0		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$0	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$0	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	0	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	false	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	false	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
Other Personal Care Ser	812900	$386,893	$386,893
HHS STIMULUS	812900	$172,587	$172,587

Field	Value	IRS element (for citing)
Total Program Service Revenue	$559,480	TotalProgramServiceRevenueAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Personal	$900	PersonalAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Personal	$900	PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$900	TotalRevenueColumnAmt
Unrelated Business Revenue	$900	UnrelatedBusinessRevenueAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
Residual Housing Revenu	624100	$6,234	$6,234
other income	812900	$2,600	$2,600
interest income	812900	$162	$162

Field	Value	IRS element (for citing)
Other Revenue Total	$8,996	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$569,376	TotalRevenueColumnAmt
Related Or Exempt Func Income	$568,476	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$900	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$5,000	TotalAmt
Program Services	$5,000	ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$385,000	TotalAmt
Program Services	$385,000	ProgramServicesAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$38,000	TotalAmt
Program Services	$38,000	ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$11,175	TotalAmt
Program Services	$11,175	ProgramServicesAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$265	TotalAmt
Program Services	$265	ProgramServicesAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$15,941	TotalAmt
Program Services	$15,941	ProgramServicesAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$2,600	TotalAmt
Program Services	$2,600	ProgramServicesAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$10,000	TotalAmt
Program Services	$10,000	ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt
BANK CHARGES	$427	$427
SUPPLIES EXPENSE	$6,771	$6,771
TELEPHONECOMMUNICATION EXPE	$6,253	$6,253
BENEVOLENCE	$46	$46

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,532	TotalAmt
Program Services	$1,532	ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$483,010	TotalAmt
Program Services	$483,010	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$160,925	BOYAmt
EOY	$249,098	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$160,925	BOYAmt
EOY	$249,098	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
EOY	$1,807	EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

Field	Value	IRS element (for citing)
BOY	$150,000	BOYAmt
EOY	$150,000	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$150,000	BOYAmt
EOY	$151,807	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$10,925	BOYAmt
EOY	$97,291	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$10,925	BOYAmt
EOY	$97,291	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$160,925	BOYAmt
EOY	$249,098	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$86,366	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	false	FSAuditedInd
Federal Grant Audit Required	false	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Public Organization170	Yes (X)	PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus2 Years	$563,206	CurrentTaxYearMinus2YearsAmt
Total	$563,206	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus2 Years	$563,206	CurrentTaxYearMinus2YearsAmt
Total	$563,206	TotalAmt

Field	Value	IRS element (for citing)
Public Support Total170	$563,206	PublicSupportTotal170Amt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus2 Years	$6,628	CurrentTaxYearMinus2YearsAmt
Total	$6,628	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$569,834	TotalSupportAmt
Public Support CY170	0.98840	PublicSupportCY170Pct
Public Support PY170	0.98840	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Unrelated business income explanation Part V line 3b	Business income was received from rental space within the office.
Officer directors etc family relationship Part VI line 2	Glenda Dorsey the CEO is related to Glenda Armstrong a board memeber.
Committee meeting documentation Part VI line 8b	Meetings are held quarterly and minutes are documented by the secretary. The minutes are typed and filed in filing cabinet.
Form 990 governing body review Part VI line 11	The governing body granted authority to the Executive Director to review and sign the Form 990. During the next scheduled meeting, the governing body reviews the Form 990.
Governing documents etc available to public Part VI line 19	All governing documents are available for public review upon request.
Explanation of other changes in net assets or fund balances Part XI line 9	LBH has an SBA loan in the amount of $149,900 recorded on the balance sheet. In Part X line 16, the total assets are $171,340 and on line 26, the total liabilities are $21,926. So, the total net assets or fund balances is $149,414 line 32. The amount of $1,320 on Part XI line 10 is subtracted from the total net assets.