Lydias Gate Inc
- Assets
- $171.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mio, MI
- Founding
- 04/2012
- Data as of
- 12/2022
- EIN
- 45-4269605
Organization Overview
Lydias Gate Inc is located in Mio, MI. The organization was established in 2012. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lydias Gate 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 12/2022, Lydias Gate Inc generated $83.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $81.5k during the year ending 12/2022. While expenses have increased by 5.9% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDED HOUSING AND RESOURCES FOR 23 WOMEN AND CHILDREN WHO WERE HOMELESS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Volz President | 10 | $0 | |
Lorri Burzlaff Vice President | 10 | $0 | |
Pam Blamer Treasurer/secretary | 10 | $0 | |
Connie Cornman Director | 5 | $0 | |
Glen Bromm Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,607 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $5 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $16,994 |
| Other Revenue | $0 |
| Total Revenue | $83,606 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $63,154 |
| Professional fees and other payments to independent contractors | $361 |
| Occupancy, rent, utilities, and maintenance | $9,507 |
| Printing, publications, postage, and shipping | $1,504 |
| Other expenses | $7,016 |
| Total expenses | $81,542 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $50,548 |
| Other assets | $0 |
| Total assets | $171,135 |
| Total liabilities | $2,435 |
| Net assets or fund balances | $168,700 |