2016-10-05T15:00:18-05:00 2016-06-30 350921680 CROWE HORWATH LLP 9600 Brownsboro Road Suite 400 Louisville KY 402411122 990 2016-04-07 473008706 Lextran Real Properties Inc LEXT 8592557756 109 W Loudon Ave Lexington KY 40508 Jeff Fugate President 2016-09-29 true Rachel Spurlock P00520729 5023263996 2015 2017-02-10 21:41:12Z Jeff Fugate 109 W Loudon Ave Lexington KY 40508 0 false X N/A X 2015 KY Lextran Real Properties, Inc. serves as the qualified active low income community business (QALICB) and owner of the Lextran Headquarters New Markets Tax Credit Project. 4 4 0 5 0 0 3883112 0 0 0 0 3883112 0 0 0 0 0 0 825879 711085 825879 711085 3057233 -711085 17999095 17163700 14941862 14817553 3057233 2346147 Lextran Real Properties, Inc. serves as the qualified active low income community business (QALICB) and owner of the Lextran Headquarters New Markets Tax Credit Project. false false 555042 Lextran Real Properties, Inc. is organized and operated exclusively for the benefit of Lextran and specifically for purposes of assisting in the New Market Tax Transaction. 555042 true false false false false false false false false false true false false false false true false 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 true false true false true 0 0 0 false false false false false false false false false false X 4 4 false false false false false false false true false false true true true true true true false false false KY X Nikki Falconbury 8592557756 220 West Louden Avenue Lexington KY 40508 X Jeff Fugate President 1.0 1.0 X X 0 0 0 Chris Humphry Treasurer (Partial Year) 1.0 1.0 X X 0 0 0 George Miller Secretary 1.0 1.0 X X 0 0 0 Ann Render Board of Directors 1.0 1.0 X 0 0 0 Edward Kasarskis Board of Directors 1.0 1.0 X 0 0 0 0 0 0 0 false false false Sites & Harbison 205 W Main Street Lexington KY 20507 Legal Services Husch Blackwell LLP 190 Carondelet Plaza Suite 600 St Louis MO 631023433 Legal Services 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 156043 0 156043 0 Construction Reimbursement Expenses 555042 555042 0 0 0 0 711085 555042 156043 0 12052685 2144153 0 0 15019547 0 5946410 15019547 0 0 0 0 17999095 17163700 14941862 14817553 0 0 14941862 14817553 X -2268462 -2144152 5325695 4490300 3057233 2346148 17999095 17163701 -711085 0 X false true X true false X X X 1 Transit Authority of Lexington Fayette Urban County Government 610850923 6 true 0 0 1 0 0 true false false false false false false false false false false false false false false true false 1705700 1705700 12920763 12920763 393084 393084 15019547 0 X Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote AS OF JUNE 30, 2016, THE AUTHORITY HAD NOT RECEIVED THE FINAL PROJECT CLOSEOUT FOR ALL GRANTS FOR THE YEARS ENDED JUNE 30, 2016. A FINAL PROJECT CLOSEOUT REPRESENTS THAT THE PROJECT HAS BEEN COMPLETED AND TOTALLY FUNDED WITH FINAL APPROVAL BY THE INSPECTOR GENERAL. MANAGEMENT DOES NOT BELIEVE THAT THERE WILL BE ANY MATERIAL AUDIT ADJUSTMENTS TO THE GRANTS BY THE INSPECTOR GENERAL; THEREFORE, NO PROVISION FOR SUCH HAS BEEN REFLECTED IN THE FINANCIAL STATEMENTS. THE AUTHORITY IS INVOLVED IN VARIOUS CLAIMS AND ARBITRATION INVOLVING FORMER EMPLOYEES AND CERTAIN OTHER MATTERS. SINCE THE POSSIBILITY OF LOSS IS NOT PROBABLE OR MEASURABLE IN MANAGEMENT'S CURRENT ESTIMATION, NO LOSS HAS BEEN RECORDED IN THE AUTHORITY'S FINANCIAL STATEMENTS. Form 990, Part VI, Line 15a Process to Establish Compensation Compensation of the Organization's president and other officers is paid by Lextran Inc., a related tax exempt organization. Because the organization's president and other officers are not paid by the filing organization, the Form 990 instructions require this to be answered "no." Form 990, Part VI, Line 15b Process to Establish Compensation Compensation of the Organization's president and other officers is paid by Lextran Inc., a related tax exempt organization. Because the organization's president and other officers are not paid by the filing organization, the Form 990 instructions require this to be answered "no." Form 990, Part VI, Line 11b Review of form 990 by governing body A complete copy of the 990 is provided to every member of the board of the governing body prior to filing. Form 990, Part VI, Line 12c Conflict of interest policy All board members must annually, or at time of change in relationship, fill out a conflict of interest policy. All statements are reviewed by management. If a conflict of interest exists, the member involved in the conflict shall abstain from voting on issues related to that conflict. Form 990, Part VI, Line 19 Required documents available to the public An organizations financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to Internal Revenue Code (IRC) Section 6104. These documents are not available to the public at this time. Form 990, Part IX, Line 11g Other Fees payment by QALICB of audit and tax expenses pursuant to the QLICI loan agreement - Total Expense: 55442, Program Service Expense: , Management and General Expenses: 55442, Fundraising Expenses: ; Fees- Community Ventures Corp - Total Expense: 100601, Program Service Expense: , Management and General Expenses: 100601, Fundraising Expenses: ; Lextran Foundation 109 W LOUDON AVE Lexington KY 40508 473644429 Lender to Finance Lextran KY 501(c)(3 7 Lextran Transit Authority of Lexington-Fayette false Transit Authority of Lexington-Fayette 109 W LOUDON AVE Lexington KY 40508 Provides public transportation to residents KY N/A false false false false false false false false false false false false false false true false false false false