Life Resources Inc
- Assets
- $214.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Braintree, MA
- Founding
- 03/1946
- Data as of
- 06/2024
- EIN
- 04-2644410
Organization Overview
Life Resources Inc is located in Braintree, MA. The organization was established in 1946. According to its NTEE Classification (I21) the organization is classified as: Youth Violence Prevention, under the broad grouping of Crime & Legal-Related and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Life Resources Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Life Resources Inc generated $18.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (19.9%) each year. All expenses for the organization totaled $939.0 during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (58.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
THE MISSION OF LIFE RESOURCES INC. IS TO SERVE ADOLESCENTS AND THEIR FAMILES WHO ARE AT RISK OF/OR EXPERIENCING CRISIS IN THEIR LIVES. SUBSTANTIAL PROTION OF THE ORGANIZATION'S REVENUE IS FROM ITS CONTRACTS WITH THE COMMONWEALTH OF MASSACHUSETTS. DUE TO THE SUBSTANTIAL DECLINE IN CONTRACTS FROM THE COMMONWEALTH OF MASSACHUSETTS, THE BOARD OF DIRECTORS ELECTED TO CLOSE ALL PROGRAMS EFFECTIVE JUNE 30, 2014. THE BOARD OF DIRECTORS IS STILL IN THE PROCESS OF DISSOLVING THE ORGANIZATION, INCLUDING THE SALE OF REAL ESTATE AND TRANSFER OF ASSETS TO OTHER NON-PROFIT AGENCIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William P Joy Assistant Secretary/clerk | 2 | $0 | |
Reverend J Bryan Hehir President & Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $18,343 |
| Total Revenue | $18,343 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $700 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $239 |
| Total expenses | $939 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $214,182 |
| Other assets | $0 |
| Total assets | $214,182 |
| Total liabilities | $0 |
| Net assets or fund balances | $214,182 |