Lotus Healing Centers Inc
- Assets
- $1.1m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Winter Springs, FL
- Founding
- Data as of
- 12/2023
- EIN
- 85-0597330
Organization Overview
Lotus Healing Centers Inc is located in Winter Springs, FL. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lotus Healing Centers 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 12/2023, Lotus Healing Centers Inc generated $3.4m in total revenue. All expenses for the organization totaled $3.1m during the year ending 12/2023. While expenses have increased by 51.2% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Radka Executive Director | 40 | $35,769 | |
Gary Hazy Executive Director | 40 | $48,388 | |
Roland Samaroo CFO | 40 | $90,308 | |
Terrence Diaz Director | 1 | $0 | |
Melissa Barbosa Director | 10 | $32,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,297 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,362,431 |
| Total Revenue | $3,366,728 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $174,465 |
| Other employee salaries and wages | $640,765 |
| Pension plans, employee benefits | $76,329 |
| Interest | $0 |
| Taxes | $68,093 |
| Depreciation | $172,999 |
| Occupancy | $315,306 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,616,962 |
| Total operating and administrative expenses | $3,064,919 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $3,064,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $531,731 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $316,862 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $292,546 |
| Other assets | $0 |
| Total assets | $1,141,139 |
| Accounts payable and accrued expenses | $1,023,706 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $1,802,000 |
| Other liabilities | $10,567 |
| Total liabilities | $2,836,273 |
Grants Awarded
Over the last fiscal year, Lotus Healing Centers Inc has awarded $6,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GRACE MEDICAL HOME PURPOSE: MEDICAL CARE | $3,000 |
ST JUDE CHILDREN'S RESEARCH HOSPITAL PURPOSE: MEDICAL CAREAND TREATMENT | $3,000 |