Valley Life Improvement Center
- Assets
- $40.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Granada Hills, CA
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 35-2464171
Organization Overview
Valley Life Improvement Center is located in Granada Hills, CA. The organization was established in 2014. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Life Improvement Center 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 12/2021, Valley Life Improvement Center generated $144.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.0% each year . All expenses for the organization totaled $139.0k during the year ending 12/2021. While expenses have increased by 16.4% per year over the past 7 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
14 CLIENTS SERVED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard D Hochman Secretary | 5 | $0 | |
Bruce H Johnson Treasurer | 10 | $0 | |
Annette M Hochman President | 60 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $144,287 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $144,287 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $94,229 |
| Professional fees and other payments to independent contractors | $10,654 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $8 |
| Other expenses | $34,130 |
| Total expenses | $139,021 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $40,270 |
| Other assets | $0 |
| Total assets | $40,270 |
| Total liabilities | $0 |
| Net assets or fund balances | $40,270 |
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