Lee Homes Inc
- Assets
- $712.1k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 23
- Location
- Milford, MI
- Founding
- 08/1981
- Data as of
- 09/2023
- EIN
- 38-2139723
Organization Overview
Lee Homes Inc is located in Milford, MI. The organization was established in 1981. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 09/2023, Lee Homes Inc employed 23 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Lee Homes 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 09/2023, Lee Homes Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $1.1m during the year ending 09/2023. While expenses have increased by 7.9% 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
OPERATE RESIDENTIAL CARE FACILITIES THAT HOUSE & PROVIDE FOR DEVELOPMENTALLY-DISABLED ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATING RESIDENTIAL CARE FACILITIES OF GROUP HOMES IN MILFORD & WEST BLOOMFIELD, MICHIGAN WHICH HOUSE & PROVIDE FOR A TOTAL OF FOURTEEN DEVELOPMENTALLY-DISABLED ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Maguire Director/ Pr | OfficerTrustee | 2 | $4,460 |
Phillip Maguire Secretary | Trustee | 1 | $0 |
Melanie Logan Director | OfficerTrustee | 40 | $77,176 |
Steve Tino V President | Trustee | 1 | $0 |
Karen Abrahamson Director/tre | Trustee | 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 | $3,836 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,836 |
| Total Program Service Revenue | $1,392,797 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,396,633 |
| 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. | $81,636 |
| Compensation of current officers, directors, key employees. | $52,432 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $663,623 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $61,303 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12,288 |
| Information technology | $799 |
| Royalties | $0 |
| Occupancy | $148,710 |
| Travel | $26,284 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $937 |
| Interest | $134 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,032 |
| Insurance | $15,770 |
| All other expenses | $0 |
| Total functional expenses | $1,093,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $296,085 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $172,244 |
| 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 | $54,003 |
| Net Land, buildings, and equipment | $170,461 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,283 |
| Total assets | $712,076 |
| Accounts payable and accrued expenses | $36,217 |
| 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 | $10,636 |
| Total liabilities | $46,853 |
| Net assets without donor restrictions | $665,223 |
| 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 | $712,076 |