Life Restoration Services Inc
- Assets
- $1.3m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 44
- Location
- Fort Wayne, IN
- Founding
- 09/2015
- Data as of
- 12/2023
- EIN
- 47-2109588
Organization Overview
Life Restoration Services Inc, operating under the name The Lighthouse, is located in Fort Wayne, IN. The organization was established in 2015. According to its NTEE Classification (F22) the organization is classified as: Substance Abuse Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2023, Lighthouse employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lighthouse 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 12/2023, Lighthouse generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 48.3% each year . All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 47.5% per year over the past 6 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
THE LIGHTHOUSE EXISTS TO SERVE MEN WHO STRUGGLE WITH LIFE-ALTERING ADDICITON BY PROVIDING STRUCTURE, EDUCATION, SUPPORT AND MENTORSHIP. WE ALSO STRIVE TO BE A BRIDGE IN THE HEALING PROCESS BETWEEN THESE MEN AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRANSITIONAL HOMES - IN 2023 THE LIGHTHOUSE SERVED 107 RESIDENTS IN THEIR GROUP HOMES, HELD 1,352 GROUPS, PROVIDED 7,628 RESIDENTIAL DAYS, SENT 499 JAIL LETTERS, DONATED $20,764 IN FINANCIAL ASSISTANCE, FACILITATED 5,842 VOLUNTEER HOURS, AND OUR MENTORS HAD 1,164 MENTORSHIP HOURS. WE SERVED EIGHT COUNTIES IN INDIANA, TWO COUNTINES IN OHIO, AND ONE COUNTY IN MICHIGAN.
THRIFT STORE - THE LIGHTHOUSE FAMILY THRIFT STORE SERVED OVER 89 PARTNER CHURCHES AND AGENCIES BY PROVIDING DISCOUNTED OR FREE CLOTHING ITEMS TO THEIR CLIENTS AND BY OFFERING LOW COST CLOTHING TO OUR COMMUNITY. THE THRIFT STORE HAD 1,558 PARTICIPANTS,PROVIDED $9,260 IN CLOTHING, AND DISTRIBUTED 30,339 POUNDS OF FOOD TO 943 FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandon Bower Executive Director | OfficerTrustee | 40 | $77,750 |
Elizabeth Bower Secetary | OfficerTrustee | 15 | $16,697 |
John Morr Director | Trustee | 2 | $0 |
Jane Holliday Director | Trustee | 2 | $0 |
Patrick Oconnell Treasurer | OfficerTrustee | 2 | $0 |
David K Allen President | 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 | $839,705 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $839,705 |
| Total Program Service Revenue | $79,003 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $65,220 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $488,978 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,472,906 |
| 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. | $654,714 |
| Compensation of current officers, directors, key employees. | $39,047 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,688 |
| Payroll taxes | $44,713 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,173 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,428 |
| Advertising and promotion | $44,663 |
| Office expenses | $21,564 |
| Information technology | $18,772 |
| Royalties | $0 |
| Occupancy | $282,155 |
| Travel | $29,390 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,856 |
| Interest | $36,345 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,131 |
| Insurance | $17,107 |
| All other expenses | $0 |
| Total functional expenses | $1,319,694 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,040 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,895 |
| 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 | $15,666 |
| Net Land, buildings, and equipment | $1,067,471 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $99,500 |
| Total assets | $1,336,572 |
| Accounts payable and accrued expenses | $102 |
| Grants payable | $0 |
| Deferred revenue | $207,658 |
| 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 | $621,444 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,956 |
| Total liabilities | $844,160 |
| Net assets without donor restrictions | $492,412 |
| 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 | $1,336,572 |