Live Rite Structured Recovery Corp
- Assets
- $1.0m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 40
- Location
- Roseville, MI
- Founding
- 11/2016
- Data as of
- 12/2022
- EIN
- 81-2088587
Organization Overview
Live Rite Structured Recovery Corp is located in Roseville, MI. The organization was established in 2016. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Live Rite Structured Recovery Corp employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Live Rite Structured Recovery Corp 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 Rite Structured Recovery Corp generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 70.5% each year . All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 63.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO REDUCE THE STIGMA AND PROVIDE RESOURCES, EDUCATION, AND FUNDING TO THE PERSON AND THEIR FAMILIIES IN RECOVERY FROM SUBSTANCE USE DISORDER AND MENTAL ILLNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO REDUCE THE STIGMA AND PROVIDE RESOURCES, EDUCATION, AND FUNDING TO THE PERSON AND THEIR FAMILIIES IN RECOVERY FROM SUBSTANCE USE DISORDER AND MENTAL ILLNESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda Maks President | OfficerTrustee | 12 | $121,135 |
Dawn Laridon Secretary | OfficerTrustee | 0 | $0 |
Dianne Desano Treasurer | OfficerTrustee | 0 | $0 |
Matthew Desano Board Member | Trustee | 0 | $0 |
Kathy Carpenter Board Member | Trustee | 0 | $0 |
Tim Clark Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,250,031 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,599 |
| Noncash contributions included in lines 1a–1f | $3,405 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,269,630 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $30,508 |
| Net Gain/Loss on Asset Sales | -$3,592 |
| Net Income from Fundraising Events | $17,776 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,583 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,318,905 |
| 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. | $121,135 |
| Compensation of current officers, directors, key employees. | $121,135 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $557,854 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,970 |
| Payroll taxes | $55,666 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,750 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $242,613 |
| Advertising and promotion | $18,115 |
| Office expenses | $13,745 |
| Information technology | $5,593 |
| Royalties | $0 |
| Occupancy | $33,007 |
| Travel | $10,356 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $18,912 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,056 |
| Insurance | $18,161 |
| All other expenses | $44,049 |
| Total functional expenses | $1,262,180 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,896 |
| Savings and temporary cash investments | $0 |
| 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 | $2,115 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,022,262 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $671 |
| Total assets | $1,040,944 |
| 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 | $104,252 |
| Secured mortgages and notes payable | $738,869 |
| Unsecured mortgages and notes payable | $25,000 |
| Other liabilities | $1,890 |
| Total liabilities | $870,011 |
| Net assets without donor restrictions | $170,933 |
| 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 | $1,040,944 |