Lifehouse Inc
- Assets
- $1.7m
- Revenue
- $712.6k
- Investments
- $0.0
- Employees
- 24
- Location
- Louisvilee, KY
- Founding
- 07/2007
- Data as of
- 12/2023
- EIN
- 20-8514733
Organization Overview
Lifehouse Inc is located in Louisvilee, KY. The organization was established in 2007. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Lifehouse Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lifehouse 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 12/2023, Lifehouse Inc generated $712.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $570.6k during the year ending 12/2023. While expenses have increased by 3.4% per year over the past 8 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
PROVIDE FOR THE NEEDS OF PREGNANT AND/OR PARENTING TEENS AND WOMEN AND THEIR CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIFEHOUSE ADDRESSES THE SPIRITUAL, EMOTIONAL, PHYSICAL, AND INTELLECTUAL NEEDS OF WOMEN AND CHILDREN. IN 2023, LIFEHOUSE HAD 26 MATERNAL RESIDENTS AND 20 CHILD RESIDENTS, RECEIVING THE SUPPORT, PEACE, HOPE, HUGS AND WITH GOD'S GRACE, THE LASTING LESSONS TO ENHANCE THEIR LIFE FAR BEYOND THEIR TIME AT LIFEHOUSE.A "HOUSE MOM" IS ON-SITE 24/7 TO MAINTAIN ORDER OF THE HOME AND TEACH BASIC LIFE SKILLS TO THE WOMEN. THE WOMEN LEARN TO BE RESPONSIBLE AND RESPECTIVE WHILE LIVING IN THE COMMUNITY WITH OTHER CHRISTIAN WOMEN. THEY COOK MEALS AND EAT TOGETHER, AS THEIR WORK SCHEDULES PERMIT. EACH OF THEM MEETS REGULARLY WITH PROGRAM STAFF TO SET HEALTHY FINANCIAL HABITS AND BUGETING. PARENTING SKILLS, SPIRITUAL DEVELOPMENT, AND GOAL-SETTING ARE ALL A PART OF OUR PROGRAM, AND MONITORED BY OUR PROGRAM MANAGER AND CASE MANAGER. OUR PROGRAM IS DESIGNED TO HELP OUR RESIDENTS BECOME SELF-SUFFICIENT AND PREPARED TO RAISE THEIR CHILD(REN) AND FURTHER THEIR EDUCATION OR SELECT A CAREER PATH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Cooper President | OfficerTrustee | 2 | $0 |
Chad Bourke Secretary | OfficerTrustee | 2 | $0 |
Greg Burch Treasurer | OfficerTrustee | 2 | $0 |
Terri Greenwell Director | Trustee | 1 | $0 |
Anthony Buie Director | Trustee | 1 | $0 |
Maronda Dowdy Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $36,358 |
| Related organizations | $0 |
| Government grants | $63,762 |
| All other contributions, gifts, grants, and similar amounts not included above | $602,199 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $702,319 |
| Total Program Service Revenue | $0 |
| Investment income | $16,904 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$6,994 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $712,567 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $74,875 |
| Compensation of current officers, directors, key employees. | $3,146 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $293,255 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,408 |
| Payroll taxes | $28,243 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,406 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $183 |
| Fees for services: Other | $19,702 |
| Advertising and promotion | $12,776 |
| Office expenses | $33,282 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,186 |
| Travel | $4,587 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,950 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,344 |
| Insurance | $13,699 |
| All other expenses | $0 |
| Total functional expenses | $570,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $254,014 |
| Savings and temporary cash investments | $95,356 |
| Pledges and grants receivable | $12,598 |
| Accounts receivable, net | $63,762 |
| 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 | $1,745 |
| Net Land, buildings, and equipment | $650,255 |
| Investments—publicly traded securities | $613,570 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,691,300 |
| Accounts payable and accrued expenses | $35,419 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,000 |
| Total liabilities | $36,419 |
| Net assets without donor restrictions | $1,607,162 |
| Net assets with donor restrictions | $47,719 |
| 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 | $1,691,300 |