Lifebuilders
- Assets
- $6.4m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 36
- Location
- Detroit, MI
- Founding
- 06/2007
- Data as of
- 12/2023
- EIN
- 20-3916750
Organization Overview
Lifebuilders is located in Detroit, MI. The organization was established in 2007. As of 12/2023, Lifebuilders employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lifebuilders 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 12/2023, Lifebuilders generated $2.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $2.0m during the year ending 12/2023. While expenses have increased by 15.0% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
LIFEBUILDERS EXISTS TO RESTORE DIGNITY AND PROVIDE HOPE TO THE RESIDENTS OF REGENT PARK, A NORTHEAST DETROIT NEIGHBORHOOD. WE ACCOMPLISH THIS IN THREE WAYS: BY EMPOWERING YOUTH WITH LIFE SKILLS, BY PROVIDING AFFORDABLE HOUSING AND BUILDING A COMMUNITY OF SHARED VALUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIFEBUILDERS IS A FAITH-BASED NON-PROFIT MAKING STRATEGIC INVESTMENTS IN DETROITS REGENT PARK NEIGHBORHOOD, ALL GROUNDED IN THE LOVE AND TRUTH OF GODS WORD. WE ARE ADDRESSING THE DEFICITS IN EDUCATION, PUBLIC SAFETY, QUALITY, AFFORDABLE HOUSING AND JOB OPPORTUNITIES FOR THE YOUTH. WE ARE REVERSING THE PAST 20 YEARS OF DISINVESTMENT AND HOPELESSNESS IN THE 97-BLOCK NEIGHBORHOOD BY THE OPERATION OF A COMMUNITY AND WORSHIP CENTER. LIFEBUILDERS HAS REFURBISHED AND OPERATES AN APARTMENT COMPLEX AND 23 HOMES THAT ARE RENTED AT AN AFFORDABLE RATE. LIFEBUILDERS ALSO SERVES AS PROPERTY MANAGER FOR ANOTHER APARTMENT COMPLEX AND 11 ADDITIONAL HOMES. WE HAVE CONVERTED AN ABANDONED ELEMENTARY SCHOOL INTO A EARLY CHILDHOOD EDUCATION CENTER. CONTINUED ON SCH O
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 |
|---|---|---|---|
Larry Johnson Executive Director | OfficerTrustee | 40 | $78,615 |
Marilyn Johnson Director | Officer | 40 | $35,692 |
Jimmie Smith III Director | Trustee | 1 | $25,692 |
Michael Randazzo Director | Trustee | 1 | $0 |
Raymond Solomon II Director | Trustee | 1 | $0 |
Jason Paulateer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $43,763 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $828,584 |
| Noncash contributions included in lines 1a–1f | $2,250 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $872,347 |
| Total Program Service Revenue | $1,066,158 |
| Investment income | $38 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,117 |
| Net Income from Fundraising Events | -$22,027 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,004,546 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,121 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $147,321 |
| Compensation of current officers, directors, key employees. | $20,390 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $383,313 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,011 |
| Payroll taxes | $40,504 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,751 |
| Fees for services: Accounting | $21,175 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $56 |
| Fees for services: Other | $96,095 |
| Advertising and promotion | $21,142 |
| Office expenses | $42,321 |
| Information technology | $24,536 |
| Royalties | $0 |
| Occupancy | $326,790 |
| Travel | $27,994 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,580 |
| Interest | $134,794 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $215,880 |
| Insurance | $21,234 |
| All other expenses | $0 |
| Total functional expenses | $1,969,455 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $873,124 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $100,000 |
| Accounts receivable, net | $11,593 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,466 |
| Net Land, buildings, and equipment | $5,437,787 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,250 |
| Total assets | $6,438,220 |
| Accounts payable and accrued expenses | $207,971 |
| Grants payable | $0 |
| Deferred revenue | $5,073 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,564,538 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $29,225 |
| Total liabilities | $2,806,807 |
| Net assets without donor restrictions | $3,368,727 |
| Net assets with donor restrictions | $262,686 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,438,220 |