Storey Lane Independent Living Inc
- Assets
- $986.7k
- Revenue
- $171.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Ponder, TX
- Founding
- 04/1993
- Data as of
- 12/2021
- EIN
- 75-2458006
Organization Overview
Storey Lane Independent Living Inc is located in Ponder, TX. The organization was established in 1993. 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. As of 12/2021, Storey Lane Independent Living Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Storey Lane Independent Living 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 12/2021, Storey Lane Independent Living Inc generated $171.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $192.4k during the year ending 12/2021. While expenses have increased by 7.6% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A SAFE RESIDENTIAL ENVIRONMENT, LIFETIME TRAINING, SUPPORTED LIVING, SUPERVISION AND TRANSPORTATION FOR ADULTS WITH COGNITIVE DISABILITIES, THEREBY ALLOWING THEM TO MAINTAIN INDEPENDENCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES A SAFE RESIDENTIAL ENVIRONMENT, LIFETIME TRAINING, SUPPORTED LIVING, SUPERVISION AND TRANSPORTATION FOR APPROXIMATELY 29 ADULTS WITH COGNITIVE DISABILITIES, ALLOWING THEM TO MAINTAIN INDEPENDENCE IN LIVING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Bentler V. President | OfficerTrustee | 15 | $0 |
Albert Ostermann President | OfficerTrustee | 15 | $0 |
Royce Wagg Treasurer | OfficerTrustee | 15 | $0 |
Sarah Causey Executive Director | OfficerTrustee | 15 | $0 |
Sharon Richman Secretary | OfficerTrustee | 15 | $0 |
Dean Harkins Board Member | Trustee | 15 | $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 | $212,564 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $212,564 |
| Total Program Service Revenue | $0 |
| Investment income | $29,014 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$69,740 |
| 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 | $171,838 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $67,170 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,176 |
| Payroll taxes | $5,138 |
| Fees for services: Management | $10,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,240 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,972 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $775 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $53,153 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,656 |
| All other expenses | $3,138 |
| Total functional expenses | $192,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,888 |
| Savings and temporary cash investments | $86,662 |
| 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 | $260 |
| Net Land, buildings, and equipment | $383,213 |
| Investments—publicly traded securities | $499,474 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $202 |
| Total assets | $986,699 |
| Accounts payable and accrued expenses | $0 |
| 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 | $288,592 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,670 |
| Total liabilities | $312,262 |
| Net assets without donor restrictions | $653,681 |
| Net assets with donor restrictions | $20,756 |
| 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 | $986,699 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Storey Lane Independent Living Inc has recieved totaling $32,529.
| Awarding Organization | Amount |
|---|---|
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $28,524 |
Prewoznik Foundation Santa Monica, CA PURPOSE: GENERAL | $1,500 |
Prewoznik Foundation Santa Monica, CA PURPOSE: GENERAL | $1,500 |
James D & Kay Y Moran Foundation Dallas, TX PURPOSE: SUPPORTIVE RESDIDENTIAL ENVIRONMENT FOR ADULTS WITH COGNITIVE DISABILITIES | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Start Corporation Houma, LA | $15,661,885 | $35,284,131 |
Arca Albuquerque, NM | $18,505,466 | $31,341,339 |
Disability Services Of The Southwest San Antonio, TX | $12,999,029 | $27,578,028 |
Hughen Center Inc Port Arthur, TX | $48,676,855 | $32,249,164 |
Buckner International Dallas, TX | $12,129,357 | $21,781,250 |
Arkansas Enterprises For The Developmentally Disabled Inc Little Rock, AR | $11,004,956 | $14,277,062 |
Military Warriors Support Foundation San Antonio, TX | $26,095,499 | $9,501,589 |
Caritas Of Austin Austin, TX | $7,645,786 | $15,511,664 |
Integrity Inc Little Rock, AR | $13,609,813 | $15,573,168 |
Mission Of Mercy Inc Corpus Christi, TX | $7,577,811 | $11,960,672 |
Life Styles Inc Fayetteville, AR | $7,250,362 | $10,687,117 |
Independent Living Resource Center Albuquerque, NM | $3,325,195 | $9,733,666 |