Live Center Residential Inc is located in Lemmon, SD. The organization was established in 1984. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, 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. Live Center Residential 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, Live Center Residential Inc generated $56.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $44.0k during the year ending 12/2022. 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
PROVIDE HOUSING FOR A 7 UNIT CONGREGATE HOUSING PROJECT FORTHE DEVELOPMENTALLY DISABLED
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Tim Kvale President | 1 | $0 | |
Michael Van Beek Vice President | 1 | $0 | |
Deloris Wells Board Member | 1 | $0 | |
Jeff Haase Board Member | 1 | $0 | |
Jaden Shockley Board Member | 1 | $0 | |
Gary Ericsson Liaison From City | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $36,604 |
Total Program Service Revenue | $19,634 |
Membership dues | $0 |
Investment income | $2 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $56,240 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $3,753 |
Professional fees and other payments to independent contractors | $7,300 |
Occupancy, rent, utilities, and maintenance | $21,604 |
Printing, publications, postage, and shipping | $4,617 |
Other expenses | $6,707 |
Total expenses | $43,981 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $28,831 |
Other assets | $0 |
Total assets | $59,528 |
Total liabilities | $74,528 |
Net assets or fund balances | -$15,000 |