Improved Living Foundation Inc
- Assets
- $15.5k
- Revenue
- $75.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Humble, TX
- Founding
- 04/2001
- Data as of
- 06/2022
- EIN
- 95-4798037
Organization Overview
Improved Living Foundation Inc is located in Humble, TX. The organization was established in 2001. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Improved Living Foundation 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 06/2022, Improved Living Foundation Inc generated $75.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (75.0%) each year. All expenses for the organization totaled $136.2k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (75.7%) per year over the past 3 years. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL CONTRACTOR ON 200 UNIT MULTIFAMILY PROPERTY IN ARLINGTON TEXAS USING LIHTC EQUITY AND EXEMPTION FROM SALES TAX TO LOWER COAST TO CONSTRUCT AND OPERATE.
CONDUIT LENDER USING CDBG-DR FUND FROM HARRIS COUNTY TO DEVELOPER 0F 56 UNITS OF SUPPORTIVE HOUSING FOR HOMELESS VETERANS.
GENERAL CONTRACTOR ON 250 UNIT MULTIFAMILY PROPERTY IN DEL VALLEY TEXAS USING LIHTC EQUITY AND EXEMPTION FORM SALES TAX TO LOWER COST TO CONSTRUCT AND OPERATE.
GENERAL CONTRACTOR ON 130 UNIT MULTIFAMILY PROPERTY IN DALLAS TEXAS USING LIHTC AND EXEMPTION FROM SALES TAX TO LOWER COST TO CONSTRUCT AND OPERATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Sampley Ed | 30 | $104,000 | |
Brian Cogburn President | 1 | $0 | |
Rebecca Reyna Secretary | 1 | $0 | |
Patchin Crawford Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| 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 | $75,000 |
| Total Revenue | $75,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $120,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $3,461 |
| Travel, conferences, and meetings | $7,912 |
| Printing and publications | $0 |
| Other expenses | $4,813 |
| Total operating and administrative expenses | $136,186 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $136,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,537 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $15,537 |
| Accounts payable and accrued expenses | $477,561 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $477,561 |