Lighthouse Community Investment Agency Inc
- Assets
- $304.3k
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 108
- Location
- Delbarton, WV
- Founding
- 05/2019
- Data as of
- 12/2021
- EIN
- 82-4832652
Organization Overview
Lighthouse Community Investment Agency Inc is located in Delbarton, WV. The organization was established in 2019. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Lighthouse Community Investment Agency Inc employed 108 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lighthouse Community Investment Agency 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, Lighthouse Community Investment Agency Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 45.0% each year . All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 33.5% per year over the past 4 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
LIGHTHOUSE COMMUNITY INVESTMENT AGENCY PROVIDES SOCIAL AND ECONOMIC ASSITANCE THROUGH JOB TRAINING OPPORTUNITIES FOR MEMBERS OF THE COMMUNITY RECOVERING FROM HEALTH CONDITIONS OR ADDICTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BEHAVIORAL HEALTH FACILITY THAT PROVIDES A SOBER LIVING STRUCTURE FOR INDIVIDUALS RECOVERING FROM ADDICTION WHILE WE PROVIDE JOB TRAINING AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tommy Bailey Assistant Ch | OfficerTrustee | $0 | |
Mitchell Bias Board Member | Trustee | $0 | |
Hie Michael Carter Chairman | OfficerTrustee | $0 | |
H Andrew Dillon Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,500 |
| Investment income | $39 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,256 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,944,382 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $791,629 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $74,219 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,686 |
| Fees for services: Accounting | $7,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $300 |
| Office expenses | $30,704 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $371,008 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $130 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,407 |
| Insurance | $9,983 |
| All other expenses | $0 |
| Total functional expenses | $1,860,903 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,373 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,964 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $304,253 |
| Accounts payable and accrued expenses | $16,004 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $225,000 |
| Other liabilities | $1,003,828 |
| Total liabilities | $1,244,832 |
| Net assets without donor restrictions | -$940,579 |
| 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 |
| Total liabilities and net assets/fund balances | -$940,579 |