Lifenet Community Behavioral Healthcare

Organization Overview

Lifenet Community Behavioral Healthcare is located in Dallas, TX. The organization was established in 1980. According to its NTEE Classification (F32) the organization is classified as: Community Mental Health Centers, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lifenet Community Behavioral Healthcare 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 12/2021, Lifenet Community Behavioral Healthcare generated $415.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $376.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

LOW-INCOME HOUSING

Describe the Organization's Program Activity:

Part 3 - Line 4a

LCHB IS GENERAL PARTNER IN 11 LLCS IN A LIMITED PARTNERSHIP WITH CHURCHILL RESIDENTIAL. THESE HOUSING PROJECTS ARE RENTED TO ECONOMICALLY DISADVANTAGED CLIENTS AND ARE FINANCED THROUGH RENTED TO LOW-INCOME HOUSING TAX CREDITS AS PROVIDED IN SECTION 42 OF THE INTERNAL REVENUE CODE. LCBH IS A COMMUNITY HOUSING DEVELOPMENT ORGANIZATION.


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Board, Officers & Key Employees

Name (title)Compensation
Vernon Hunt
Secretary
$0
Gary Keep
Pres & Chairman
$0
Susan Cormier
Director
$0
Richard Rodine
Director
$0
Dr John Burris
Director
$0
Richard Buckley
Director
$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$7,500
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$7,500
Total Program Service Revenue$407,880
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 $415,380

Grants Awarded

Over the last fiscal year, Lifenet Community Behavioral Healthcare has awarded $307,500 in support to 2 organizations.

Grant RecipientAmount

METROCARE SERVICES

Org PageRecipient Profile

Dallas, TX

PURPOSE: low income housing assistance

$300,000

CHURCHILL RESIDENTIAL

PURPOSE: food pantry

$7,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Lifenet Community Behavioral Healthcare has recieved totaling $7,500.

Awarding OrganizationAmount
Oregon Corporation For Affordable Housing

Chicago, IL

PURPOSE: SUPPORT RESIDENTS OF AFFORDABLE HOUSING PROJECT PARTNERSHIPS IN FEDERALLY DECLARED DISASTER AREAS

$7,500
View Grant Recipient Profile

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