Lift Foundation
- Assets
- $6.8m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Kalamazoo, MI
- Founding
- 03/1967
- Data as of
- 12/2021
- EIN
- 38-1845192
Organization Overview
Lift Foundation, operating under the name New Horizon Village, is located in Kalamazoo, MI. The organization was established in 1967. According to its NTEE Classification (P42) the organization is classified as: Single Parent Agencies, 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. New Horizon Village 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, New Horizon Village generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $663.8k during the year ending 12/2021. While expenses have increased by 3.3% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HOUSING FOR LOW INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSOR OF HOUSING FOR PERSONS OF A LOW OR MODERATE INCOME.
DEVELOPMENT OF AFFORDABLE HOUSING
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 |
|---|---|---|---|
Carole Mcnees President | OfficerTrustee | 0.1 | $0 |
Daniel Mcglinn Secretary | OfficerTrustee | 0.1 | $0 |
Dee Velkoff Treasurer | OfficerTrustee | 0.1 | $0 |
David F Anderson Vice President | OfficerTrustee | 0.1 | $0 |
Steve Hassevoort Director | Trustee | 0.1 | $0 |
Michael Williams Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $821,588 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $821,588 |
| Total Program Service Revenue | $541,609 |
| Investment income | $12,001 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$220,833 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,154,365 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $38,077 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,790 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $618 |
| Payroll taxes | $1,059 |
| Fees for services: Management | $9,161 |
| Fees for services: Legal | $55,394 |
| Fees for services: Accounting | $6,425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,398 |
| Office expenses | $24,442 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $356,651 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,167 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $663,846 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,129,557 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $414,879 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $383,217 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,225,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | -$102,435 |
| Intangible assets | $0 |
| Other assets | $2,728,011 |
| Total assets | $6,778,229 |
| Accounts payable and accrued expenses | $838,272 |
| 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 | $1,500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $693,306 |
| Total liabilities | $3,031,578 |
| Net assets without donor restrictions | $3,746,651 |
| Net assets with donor restrictions | $0 |
| 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 | $6,778,229 |
Grants Awarded
Over the last fiscal year, Lift Foundation has awarded $69,954 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Kalamazoo, MI PURPOSE: GRANT FOR UPGRADING AND PAYMENT OF INTERNET SYSTEM | $54,954 |
Kalamazoo, MI PURPOSE: FULL YEAR OF CAPS PROGRAMMING | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Lift Foundation has recieved totaling $204,000.
| Awarding Organization | Amount |
|---|---|
Dorothy U Dalton Foundation Inc Kalamazoo, MI PURPOSE: KNIGHTS INN MOTEL RENOVATIONS | $100,000 |
Northwood Foundation Kalamazoo, MI PURPOSE: GENERAL | $100,000 |
Comerica Charitable Foundation Detroit, MI PURPOSE: EXPANDING FINANCIAL LITERACY FOR LIFT'S RESIDENTS | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lift Foundation Kalamazoo, MI | $6,778,229 | $1,154,365 |
Single Momm Traverse City, MI | $724,184 | $836,794 |
Marys Mantle Southfield, MI | $841,667 | $488,878 |
Mommies Matter Galena, OH | $250,953 | $253,063 |
Mothers In Arms Columbus, OH | $23,202 | $0 |
Pregnancy Life Center Van Wert, OH | $616,040 | $273,475 |
Parents Without Partners Inc International Office Zanesville, OH | $73,139 | $0 |
Hope For Single Moms Grand Rapids, MI | $31,730 | $0 |
Single Parents Rock Englewood, OH | $51,422 | $0 |
Hope For Single Mothers Inc Jeffersonville, IN | $250 | $0 |