Life Center Association Inc
- Assets
- $433.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 03/1993
- Data as of
- 09/2023
- EIN
- 23-2269581
Organization Overview
Life Center Association Inc is located in Philadelphia, PA. The organization was established in 1993. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Life Center Association 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 09/2023, Life Center Association Inc generated $7.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (33.9%) each year. All expenses for the organization totaled $136.3k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO HOLD IN TRUST SAFE, STABLE AT-COST HOUSING FOR THE LONG-TERM USE OF LOW TO MODERATE INCOME PEOPLES IN ORDER TO CO-CREATE A JUST SUSTAINABLE COMMUNITY IN PHILADELPHIA, PA.
Describe the Organization's Program Activity:
Part 3
PROVIDE COOPERATIVELY OWNED AND OPERATED HOUSING ON AN AT-COST BASIS FOR A TOTAL OF 50-55 LOW TO MODERATE INCOME PEOPLE AT EIGHT PROPERTIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hanif Peters-Davis President | 1 | $0 | |
Alexandra Millard Secretary | 1 | $0 | |
Michael Bradford Forbes Treasurer | 1 | $0 | |
Dreamane Francois Director | 1 | $0 | |
Andrew Collins Director | 1 | $0 | |
Nuna Ulises Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $6,299 |
| Membership dues | $0 |
| Investment income | $732 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $7,031 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $8,364 |
| Occupancy, rent, utilities, and maintenance | $81,319 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $46,651 |
| Total expenses | $136,334 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $238,701 |
| Other assets | $0 |
| Total assets | $433,637 |
| Total liabilities | $160,963 |
| Net assets or fund balances | $272,674 |