Lighthouse Of Oakland County Inc
- Assets
- $4.0m
- Revenue
- $55.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Pontiac, MI
- Founding
- 05/1982
- Data as of
- 06/2022
- EIN
- 38-2391381
Organization Overview
Lighthouse Of Oakland County Inc is located in Pontiac, MI. The organization was established in 1982. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, 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. Lighthouse Of Oakland County 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 06/2022, Lighthouse Of Oakland County Inc generated $55.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (33.9%) each year. All expenses for the organization totaled $2.9m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT LIGHTHOUSE MI IN THEIR MISSION TO BUILD EQUITABLE COMMUNITIES AND ALLEVIATE POVERTY IN PARTNERSHIP WITH AND IN SERVICE TO INDIVIDUALS, FAMILIES, AND ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SERVES RESIDENTS OF SOUTHEASTERN MICHIGAN WHO ARE FACING ECONOMIC HARDSHIP BY PROVIDING THE SUPPORT AND RESOURCES THEY NEED TO MOVE FROM CRISIS TOWARDS SELF-SUFFICIENCY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Hertz President & CEO | OfficerTrustee | 1 | $0 |
Richard Lewnau Chairperson | OfficerTrustee | 2 | $0 |
Jonathan Burleigh Treasurer | OfficerTrustee | 2 | $0 |
Jackie Buchanan Vice Chair | OfficerTrustee | 2 | $0 |
Dennis Blender Secretary | OfficerTrustee | 2 | $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 | $2,597 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,597 |
| Total Program Service Revenue | $0 |
| Investment income | $50,807 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,211 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $55,615 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,860,084 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,203 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,993 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,634 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $20,505 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,824 |
| Total functional expenses | $2,894,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,078 |
| Savings and temporary cash investments | $94,910 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,108,488 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $755,697 |
| Total assets | $4,001,173 |
| Accounts payable and accrued expenses | $66,275 |
| 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 | $537,506 |
| Unsecured mortgages and notes payable | $389,927 |
| Other liabilities | $0 |
| Total liabilities | $993,708 |
| Net assets without donor restrictions | $1,582,223 |
| Net assets with donor restrictions | $1,425,242 |
| 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 | $4,001,173 |
Grants Awarded
Over the last fiscal year, Lighthouse Of Oakland County Inc has awarded $653,856 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
LIGHTHOUSE PATH PURPOSE: PROVIDE BASIC NEEDS FOR THE HOMELESS OF OAKLAND COUNTY MICHIGAN SUCH AS FOOD, CLOTHING AND SHELTER. | $101,466 |
LIGHTHOUSE EMERGENCY SERVICES PURPOSE: PROVIDE EMERGENCY SERVICES AND SUPPLIES FOR THE LESS FORTUNATE OF OAKLAND COUNTY MICHIGAN SUCH AS MEDICAL SERVICES, FOOD, CLOTHING, AND SHELTER. | $114,613 |
LIGHTHOUSE COMMUNITY DEVELOPMENT PURPOSE: TO REVITALIZE NEIGHBORHOODS THROUGH CONSTRUCTION OF NEW HOMES, REHABILITATION OF EXISTING HOMES, AND COMMUNITY ORGANIZING. | $110,849 |
LIGHTHOUSE PATH PURPOSE: PROVIDE BASIC NEEDS FOR THE HOMELESS OF OAKLAND COUNTY MICHIGAN SUCH AS FOOD, CLOTHING AND SHELTER. | $101,466 |
LIGHTHOUSE EMERGENCY SERVICES PURPOSE: PROVIDE EMERGENCY SERVICES AND SUPPLIES FOR THE LESS FORTUNATE OF OAKLAND COUNTY MICHIGAN SUCH AS MEDICAL SERVICES, FOOD, CLOTHING, AND SHELTER. | $114,613 |
LIGHTHOUSE COMMUNITY DEVELOPMENT PURPOSE: TO REVITALIZE NEIGHBORHOODS THROUGH CONSTRUCTION OF NEW HOMES, REHABILITATION OF EXISTING HOMES, AND COMMUNITY ORGANIZING. | $110,849 |