Civic Intelligence

Lahc Leaders Advancing and Helping Communities

EIN 38-3081799 • 501(c)3 • Dearborn, MI

Profile

To empower communities, one family at a time, by advancing the educational, social, health and economic well-being of southeast michigan residents.

5275 Kenilworth StreetDearborn, MI 48126

lahc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

38th percentile

0.06x

Higher debt load relative to assets than 38% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

39th percentile

0.10x

Higher debt load relative to revenue than 39% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

87th percentile

44%

Higher net margin than 87% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

89th percentile

41%

Faster asset growth than 89% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

91st percentile

82%

Faster revenue growth than 91% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$7,334,981

Up $2,127,954 (+41%) from 2023

Liabilities

Up

$444,802

Up $70,338 (+19%) from 2023

Net Assets

Up

$6,890,179

Up $2,057,616 (+43%) from 2023

Revenue

Up

$4,624,973

Up $2,083,312 (+82%) from 2023

Expenses

Up

$2,567,357

Up $346,154 (+16%) from 2023

Net Income

Up

$2,057,616

Up $1,737,158 (+542%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $100,254Liabilities 2011: $0Net Assets 2011: $100,2542011Assets 2012: $191,061Liabilities 2012: $0Net Assets 2012: $191,0612012Assets 2013: $350,852Liabilities 2013: $0Net Assets 2013: $350,8522013Assets 2014: $426,349Liabilities 2014: $0Net Assets 2014: $426,3492014Assets 2015: $578,663Liabilities 2015: $0Net Assets 2015: $578,6632015Assets 2016: $828,288Liabilities 2016: $5,445Net Assets 2016: $822,8432016Assets 2017: $1,659,574Liabilities 2017: $365,647Net Assets 2017: $1,293,9272017Assets 2018: $2,459,469Liabilities 2018: $516,017Net Assets 2018: $1,943,4522018Assets 2019: $2,841,386Liabilities 2019: $431,119Net Assets 2019: $2,410,2672019Assets 2020: $3,194,832Liabilities 2020: $355,485Net Assets 2020: $2,839,3472020Assets 2021: $3,675,898Liabilities 2021: $353,231Net Assets 2021: $3,322,6672021Assets 2022: $4,905,493Liabilities 2022: $393,388Net Assets 2022: $4,512,1052022Assets 2023: $5,207,027Liabilities 2023: $374,464Net Assets 2023: $4,832,5632023Assets 2024: $7,334,981Liabilities 2024: $444,802Net Assets 2024: $6,890,1792024

Highlighted filing

2024

Assets$7,334,981
Liabilities$444,802
Net Assets$6,890,179

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0Revenue 2011: $153,898Expenses 2011: $112,700Net Income 2011: $41,1982011Revenue 2012: $230,170Expenses 2012: $139,363Net Income 2012: $90,8072012Revenue 2013: $411,832Expenses 2013: $252,041Net Income 2013: $159,7912013Revenue 2014: $378,770Expenses 2014: $303,273Net Income 2014: $75,4972014Revenue 2015: $600,194Expenses 2015: $447,880Net Income 2015: $152,3142015Revenue 2016: $677,402Expenses 2016: $433,222Net Income 2016: $244,1802016Revenue 2017: $1,178,632Expenses 2017: $707,548Net Income 2017: $471,0842017Revenue 2018: $1,376,236Expenses 2018: $741,539Net Income 2018: $634,6972018Revenue 2019: $1,386,141Expenses 2019: $919,326Net Income 2019: $466,8152019Revenue 2020: $1,596,337Expenses 2020: $1,167,257Net Income 2020: $429,0802020Revenue 2021: $2,177,958Expenses 2021: $1,694,638Net Income 2021: $483,3202021Revenue 2022: $3,171,664Expenses 2022: $1,982,226Net Income 2022: $1,189,4382022Revenue 2023: $2,541,661Expenses 2023: $2,221,203Net Income 2023: $320,4582023Revenue 2024: $4,624,973Expenses 2024: $2,567,357Net Income 2024: $2,057,6162024

Highlighted filing

2024

Revenue$4,624,973
Expenses$2,567,357
Net Income$2,057,616

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.33$0.44$6.89$4.62$2.57$2.06
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.21$0.37$4.83$2.54$2.22$0.32
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.91$0.39$4.51$3.17$1.98$1.19
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.68$0.35$3.32$2.18$1.69$0.48
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.19$0.36$2.84$1.60$1.17$0.43
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.84$0.43$2.41$1.39$0.92$0.47
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.46$0.52$1.94$1.38$0.74$0.63
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.66$0.37$1.29$1.18$0.71$0.47
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.83$0.01$0.82$0.68$0.43$0.24
2015Summary only. Only limited summary data is available for this year.$0.58$0.00$0.58$0.60$0.45$0.15
2014Summary only. Only limited summary data is available for this year.$0.43$0.00$0.43$0.38$0.30$0.08
2013Summary only. Only limited summary data is available for this year.$0.35$0.00$0.35$0.41$0.25$0.16
2012Summary only. Only limited summary data is available for this year.$0.19$0.00$0.19$0.23$0.14$0.09
2011Summary only. Only limited summary data is available for this year.$0.10$0.00$0.10$0.15$0.11$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 15, 2025
Return Version
2024v5.0
Gross Receipts
$4,742,327
Mission and Program Overview

Mission

The leaders advancing and helping communities (lahc) is a human services organization dedicated to the provision of social services throughout southeastern michigan. The lahc programs provide a wide range of services including social services, youth and educational services, and community health awareness.

To empower communities, one family at a time, by advancing the educational, social, health and economic well-being of southeast michigan residents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$3,633,342-
Land, Buildings, and Equipment, Net$1,701,858$2,210,894▲ $509,036
Accounts Receivable$361,644$775,568▲ $413,924
Cash and Non-Interest-Bearing Accounts$3,129,977$577,983▼ $2,551,994
Prepaid Expenses and Deferred Charges$13,548$21,694▲ $8,146
Total Assets$5,207,027$7,334,981▲ $2,127,954
Other Assets Total-$115,500-
Liabilities
Mortgage Notes Payable Secured by Investment Property$290,485$277,705▼ $12,780
Accounts Payable and Accrued Expenses$83,979$167,097▲ $83,118
Total Liabilities$374,464$444,802▲ $70,338
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,488,729$6,538,991▲ $2,050,262
Net Assets With Donor Restrictions$343,834$351,188▲ $7,354
Total Net Assets Fund Balance$4,832,563$6,890,179▲ $2,057,616
Total Liabilities and Net Assets / Fund Balance$5,207,027$7,334,981▲ $2,127,954

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,832,001$273,038$2,105,039
Land$345,602-$345,602
Other Land Buildings$33,291$55,823$89,114
Equipment-$12,649$12,649
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Wassim MahfouzCEOFT$197,920$71,188$269,108

Board Members and Trustees

NameTitle
Hassan AhmadPresident
Bridget HurdDirector
Hassan SheikhDirector
Helal FarhatDirector
Mariam Saad BazziDirector
Sam BaydounDirector
Sam SalameyDirector
Zenell BrownDirector
Ali JawadFounder
Velma Jean OvermanSecretary
Allie BerryTreasurer
Khalil RahalVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$4,600,132
Program Service Revenue
$0
Investment Income
$142,195
Other Revenue
$-117,354
All Other Contributions
$1,577,260
Change in Net Assets
$2,057,616

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,624,973
Revenue Not Reported on Form 990
$117,354
Total Revenue per Audited Statements
$4,742,327
Total Revenue per Form 990
$4,624,973
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,783,870
Other Expenses$743,487
Grants and Similar Amounts Paid$40,000
Total Fundraising Expense$11,400
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,228,850--$1,228,850
Current Officers, Directors, Trustees, and Key Employees$211,725$28,975$7,500$248,200
Office Expenses$162,915$23,740$1,500$188,155
Other Employee Benefits$177,937$6,954$2,400$187,291
Payroll Taxes$119,529--$119,529
Conferences and Meetings$78,259$14,735-$92,994
Fees for Services Other$80,435--$80,435
Fees for Services Accounting$50,456$27,988-$78,444
Depreciation Depletion$63,755$7,084-$70,839
Fees for Services Management$49,537--$49,537
Grants to Domestic Individuals$40,000--$40,000
Information Technology$30,204$1,993-$32,197
Occupancy$30,432$1,601-$32,033
Insurance$25,802$1,125-$26,927
Interest$2,528$10,460-$12,988
Other Expenses$1,501$4,000-$5,501
All Other Expenses$699--$699
Total Functional Expenses$2,423,850$132,107$11,400$2,567,357

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,684,711
Expenses per Audited Statements$2,567,357
Total Expenses per Form 990$2,567,357
Expenses Not Reported on Form 990$117,354
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$117,354
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$309,475-$53,745-
Gala Event$212,596-$63,609-
Total Events$539,800-$117,354$-117,354
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

All board members are provided with a copy of form 990, along with the minutes and agenda before the board meeting, where it is discussed.

Form 990, Page 6, Part VI, Line 12C

Each board member is required to complete a standard form listing any potential areas of conflict. If there is any conflict, the board member is not allowed to vote or participate in any discussion pertaining to that matter.

Form 990, Page 6, Part VI, Line 15A

The executive director's compensation is determined and agreed upon by the board of directors and is also subject to audit procedures performed by the organization's independent auditors.

Form 990, Page 6, Part VI, Line 19

All governing documents, conflict of interest policies and financial statements are available at the lahc office and are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Lahc - Leaders Advancing and
EIN
38-3081799
Phone
8883155242
Address
5275 KENILWORTH STREET, DEARBORN, MI 48126

Signing Officer

Name
Wassim Mahfouz
Title
CEO
Phone
8883155242
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wassim Mahfouz
Formed
1992
Legal Domicile
Mi
Voting Board Members
12
Independent Board Members
12
Employees
47
Volunteers
60

Preparer

Firm
Sutton Llp
Address
13854 LAKESIDE CIR STE 209, STERLING HEIGHTS, MI 48313-1459
Preparer
Brian Sutton CPA
Phone
5863581030
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4B

Substance use prevention program: the program discourages the use of alcohol, tobacco, drug use, and violence among middle and high school youth by addressing the social and psychological factors that cause people to begin these dangerous and unhealthy behaviors. Lahc's substance abuse program offers training on how to properly administer this lifesaving nasal spray that can reverse the effects of an opioid overdose. Gambling prevention program: the program aims to prevent problem gambling among teens and young adults by developing essential knowledge and key skills to avoid falling into the trap of gambling addiction. The course particularly focuses on improving problem solving and decision making skills. The lessons are fun and engaging, including games like wheel of fortune and jeopardy. Intervention referral services our team of certified prevention specialists is on call to help individuals initiate, fortify, and maintain their own pathway to recovery. We provide resources and referrals to treatment centers while integrating each individual's unique needs.

Form 990, Page 2, Part III, Line 4C

Social services: lahc provides an array of social services such as food vouchers, rent, mortage and utilities asssitance, holiday meals, back to school backpack distribution and basic necessities. Nurturing parenting program: this community based program aims to help parents raise happy, healthy, welladjusted children. Topics include being a good role model for your children, parental monitoring, appropriate discipline, how to spot signs of substance abuse, how to build your child's selfworth, and much more. Developmental disabilities & autism services: pathways empowers youth with developmental disabilities, autism spectrum disorder and related conditions on their journey to independence as a young adult. An emphasis is placed in assisting youth to develop life skills necessary for community integration and lifelong success based on their needs. Youth will develop social & communication skills to promote vocational readiness, leisure enrichment and overall health. Mental health services: blooming minds a recreational therapy program utilizing evidencebased interventions to promote mental wellness through improving physical, cognitive, social, emotional, and spiritual functioning. Blooming minds aims to decrease feelings of stress, anxiety, and depression, promote a healthy leisure lifestyle, and improve on one's overall quality of life.

Form 990, Page 2, Part III, Line 4D

Scholarship program: lahc is proud and privileged to be recognized as a leading advocate of higher education and to have the distinction of offering one of the largest scholarship assistance programs in the area. Throughout the past thirty two years, lahc has awarded nearly 2 million dollars in academic scholarships to area students. Youth leadership bridge to college program (ylbtcp): an innovative solution to equip high school youth with invaluable 21st century skills, the ylbtcp provides various seminars and activities that are focused on leadership and life skills, job readiness, college access education, financial literacy, educational and career goal setting, strategic planning as well as empowering them to make a difference in their communities. Digital literacy program: these courses are designed to help adults learn valuable computer and technology skills needed in today's workforce. Topics include navigating the google suite, developing an online profile, managing linked in, instagram, and facebook profiles, as well as practicing online safety. Icode program: this unique handson steam education experience is geared towards youth ages 6-15. This program aims to equip students with the skills and knowledge to compete in tomorrow's technologydriven environment.

Form 990, Part XI, Line 9

Event expenses 117,354 event expenses -117,354

Financial Statement Notes

Schedule D, Page 3, Part X

Lahc leaders advancing and helping communities, is a non-profit organization exempt under section 501(c)(3) of the internal revenue code and therefore, is not subject to tax under federal income tax laws. Asc guidance regarding accounting for uncertainty in income taxes clarifies the accounting for income taxes by prescribing minimum recognition threshold an income tax position is required to meet before recognized in the financial statements and applies to all income tax positions. Each income tax position is assessed using a two-step process. A determination is first made as to whether it is more likely than not that the income tax position will be sustained, based on technical merits, upon examination by the taxing authorities. If the income tax position is expected to meet the more likely than not criteria, the benefit recorded in the financial statements equals the largest amount that is greater than 50% likely to be realized upon its ultimate settlement. At december 31, 2024, there were no uncertain tax positions that require accrual. Lahc believes that it has been operating within its tax-exempt status and has no unrelated business income.

Schedule D, Page 4, Part XI, Line 2D

EVENT EXPENSES 117,354

Schedule D, Page 4, Part XII, Line 2D

EVENT EXPENSES 117,354

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ProgSrvcAccomActy2Grp/Desc0SUBSTANCE USE PREVENTION PROGRAM: THE PROGRAM DISCOURAGES THE USE OF ALCOHOL, TOBACCO, DRUG USE, AND VIOLENCE AMONG MIDDLE AND HIGH SCHOOL YOUTH BY ADDRESSING THE SOCIAL AND PSYCHOLOGICAL FACTORS THAT CAUSE PEOPLE TO BEGIN THESE DANGEROUS AND UNHEALTHY BEHAVIORS. LAHC'S SUBSTANCE ABUSE PROGRAM OFFERS TRAINING ON HOW TO PROPERLY ADMINISTER THIS LIFESAVING NASAL SPRAY THAT CAN REVERSE THE EFFECTS OF AN OPIOID OVERDOSE. GAMBLING PREVENTION PROGRAM: THE PROGRAM AIMS TO PREVENT PROBLEM GAMBLING AMONG TEENS AND YOUNG ADULTS BY DEVELOPING ESSENTIAL KNOWLEDGE AND KEY SKILLS TO AVOID FALLING INTO THE TRAP OF GAMBLING ADDICTION. THE COURSE PARTICULARLY FOCUSES ON IMPROVING PROBLEM SOLVING AND DECISION MAKING SKILLS. THE LESSONS ARE FUN AND ENGAGING, INCLUDING GAMES LIKE WHEEL OF FORTUNE AND JEOPARDY. INTERVENTION REFERRAL SERVICES OUR TEAM OF CERTIFIED PREVENTION SPECIALISTS IS ON CALL TO HELP INDIVIDUALS INITIATE, FORTIFY, AND MAINTAIN THEIR OWN PATHWAY TO RECOVERY. WE PROVIDE RESOURCES AND REFERRALS TO TREATMENT CENTERS WHILE INTEGRATING EACH INDIVIDUAL'S UNIQUE NEEDS.
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IRS990/ProgSrvcAccomActy3Grp/Desc0SOCIAL SERVICES: LAHC PROVIDES AN ARRAY OF SOCIAL SERVICES SUCH AS FOOD VOUCHERS, RENT, MORTAGE AND UTILITIES ASSSITANCE, HOLIDAY MEALS, BACK TO SCHOOL BACKPACK DISTRIBUTION AND BASIC NECESSITIES. NURTURING PARENTING PROGRAM: THIS COMMUNITY BASED PROGRAM AIMS TO HELP PARENTS RAISE HAPPY, HEALTHY, WELLADJUSTED CHILDREN. TOPICS INCLUDE BEING A GOOD ROLE MODEL FOR YOUR CHILDREN, PARENTAL MONITORING, APPROPRIATE DISCIPLINE, HOW TO SPOT SIGNS OF SUBSTANCE ABUSE, HOW TO BUILD YOUR CHILD'S SELFWORTH, AND MUCH MORE. DEVELOPMENTAL DISABILITIES & AUTISM SERVICES: PATHWAYS EMPOWERS YOUTH WITH DEVELOPMENTAL DISABILITIES, AUTISM SPECTRUM DISORDER AND RELATED CONDITIONS ON THEIR JOURNEY TO INDEPENDENCE AS A YOUNG ADULT. AN EMPHASIS IS PLACED IN ASSISTING YOUTH TO DEVELOP LIFE SKILLS NECESSARY FOR COMMUNITY INTEGRATION AND LIFELONG SUCCESS BASED ON THEIR NEEDS. YOUTH WILL DEVELOP SOCIAL & COMMUNICATION SKILLS TO PROMOTE VOCATIONAL READINESS, LEISURE ENRICHMENT AND OVERALL HEALTH. MENTAL HEALTH SERVICES: BLOOMING MINDS A RECREATIONAL THERAPY PROGRAM UTILIZING EVIDENCEBASED INTERVENTIONS TO PROMOTE MENTAL WELLNESS THROUGH IMPROVING PHYSICAL, COGNITIVE, SOCIAL, EMOTIONAL, AND SPIRITUAL FUNCTIONING. BLOOMING MINDS AIMS TO DECREASE FEELINGS OF STRESS, ANXIETY, AND DEPRESSION, PROMOTE A HEALTHY LEISURE LIFESTYLE, AND IMPROVE ON ONE'S OVERALL QUALITY OF LIFE.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0SCHOLARSHIP PROGRAM: LAHC IS PROUD AND PRIVILEGED TO BE RECOGNIZED AS A LEADING ADVOCATE OF HIGHER EDUCATION AND TO HAVE THE DISTINCTION OF OFFERING ONE OF THE LARGEST SCHOLARSHIP ASSISTANCE PROGRAMS IN THE AREA. THROUGHOUT THE PAST THIRTY TWO YEARS, LAHC HAS AWARDED NEARLY 2 MILLION DOLLARS IN ACADEMIC SCHOLARSHIPS TO AREA STUDENTS. YOUTH LEADERSHIP BRIDGE TO COLLEGE PROGRAM (YLBTCP): AN INNOVATIVE SOLUTION TO EQUIP HIGH SCHOOL YOUTH WITH INVALUABLE 21ST CENTURY SKILLS, THE YLBTCP PROVIDES VARIOUS SEMINARS AND ACTIVITIES THAT ARE FOCUSED ON LEADERSHIP AND LIFE SKILLS, JOB READINESS, COLLEGE ACCESS EDUCATION, FINANCIAL LITERACY, EDUCATIONAL AND CAREER GOAL SETTING, STRATEGIC PLANNING AS WELL AS EMPOWERING THEM TO MAKE A DIFFERENCE IN THEIR COMMUNITIES. DIGITAL LITERACY PROGRAM: THESE COURSES ARE DESIGNED TO HELP ADULTS LEARN VALUABLE COMPUTER AND TECHNOLOGY SKILLS NEEDED IN TODAY'S WORKFORCE. TOPICS INCLUDE NAVIGATING THE GOOGLE SUITE, DEVELOPING AN ONLINE PROFILE, MANAGING LINKED IN, INSTAGRAM, AND FACEBOOK PROFILES, AS WELL AS PRACTICING ONLINE SAFETY. ICODE PROGRAM: THIS UNIQUE HANDSON STEAM EDUCATION EXPERIENCE IS GEARED TOWARDS YOUTH AGES 6-15. THIS PROGRAM AIMS TO EQUIP STUDENTS WITH THE SKILLS AND KNOWLEDGE TO COMPETE IN TOMORROW'S TECHNOLOGYDRIVEN ENVIRONMENT.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0LAHC LEADERS ADVANCING AND HELPING COMMUNITIES, IS A NON-PROFIT ORGANIZATION EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THEREFORE, IS NOT SUBJECT TO TAX UNDER FEDERAL INCOME TAX LAWS. ASC GUIDANCE REGARDING ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES CLARIFIES THE ACCOUNTING FOR INCOME TAXES BY PRESCRIBING MINIMUM RECOGNITION THRESHOLD AN INCOME TAX POSITION IS REQUIRED TO MEET BEFORE RECOGNIZED IN THE FINANCIAL STATEMENTS AND APPLIES TO ALL INCOME TAX POSITIONS. EACH INCOME TAX POSITION IS ASSESSED USING A TWO-STEP PROCESS. A DETERMINATION IS FIRST MADE AS TO WHETHER IT IS MORE LIKELY THAN NOT THAT THE INCOME TAX POSITION WILL BE SUSTAINED, BASED ON TECHNICAL MERITS, UPON EXAMINATION BY THE TAXING AUTHORITIES. IF THE INCOME TAX POSITION IS EXPECTED TO MEET THE MORE LIKELY THAN NOT CRITERIA, THE BENEFIT RECORDED IN THE FINANCIAL STATEMENTS EQUALS THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY TO BE REALIZED UPON ITS ULTIMATE SETTLEMENT. AT DECEMBER 31, 2024, THERE WERE NO UNCERTAIN TAX POSITIONS THAT REQUIRE ACCRUAL. LAHC BELIEVES THAT IT HAS BEEN OPERATING WITHIN ITS TAX-EXEMPT STATUS AND HAS NO UNRELATED BUSINESS INCOME.
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IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
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