Lifespring Residential Services Inc
- Assets
- $391.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New Albany, IN
- Founding
- 12/1985
- Data as of
- 06/2023
- EIN
- 31-1140517
Organization Overview
Lifespring Residential Services Inc is located in New Albany, IN. The organization was established in 1985. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lifespring Residential Services 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 06/2023, Lifespring Residential Services Inc generated $188.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $143.1k during the year ending 06/2023. 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
2023
Describe the Organization's Program Activity:
Part 3
LIFESPRING RESIDENTIAL SERVICES, INC WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 20 UNIT APARTMENT COMMUNITY IN NEW ALBANY, INDIANA, KNOWN AS MANOR HOUSE APARTMENTS, PURSUANT TO SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT, AS AMENDED. THE CORPORATION HAS ALSO ENTERED INTO A HOUSING ASSISTANCE PAYMENT CONTRACT WITH HUD. THE HAP CONTRACT IS A RENT ASSISTANCE PROGRAM FOR LOW INCOME FAMILIES OR PERSONS AS PROVIDED BY SECTION 8 PROGRAM OF THE NATIONAL HOUSING ACT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Kimmel President | 0.2 | $0 | |
Jeffery Caldwell Vice President | 0.2 | $0 | |
Nick Clark Secretary/treasurer | 1.75 | $0 | |
Renee Baines Member | 0.2 | $0 | |
Darnell Jackson Member | 0.2 | $0 | |
Beth Keeney Member | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $124,002 |
| Total Program Service Revenue | $63,297 |
| Membership dues | $0 |
| Investment income | $6 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $940 |
| Total Revenue | $188,245 |
| 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 | $18,183 |
| Occupancy, rent, utilities, and maintenance | $118,002 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $6,944 |
| Total expenses | $143,129 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $47,362 |
| Other assets | $0 |
| Total assets | $391,200 |
| Total liabilities | $297,658 |
| Net assets or fund balances | $93,542 |