Lifespring Residential Services Inc
- Assets
- $345.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New Albany, IN
- Founding
- 12/1985
- EIN
- 31-1140517
Organization Overview
Lifespring Residential Services Inc is located in New Albany, IN. The organization was established in 1985. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lifespring Residential Services 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 undefined, Lifespring Residential Services Inc generated $175.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $134.2k during the year ending undefined. 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
Describe the Organization's Program Activity:
Part 3
LIFESPRING RESIDENTIAL SERVICES, INC WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 20 UNIT APARTMENT COMMUNITY IN NEW ALBANY, INDIANA, KNOWN AS MANOR HOUSE APARTMENTS, PURSUANT TO SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT, AS AMENDED. THE CORPORATION HAS ALSO ENTERED INTO A HOUSING ASSISTANCE PAYMENT CONTRACT WITH HUD. THE HAP CONTRACT IS A RENT ASSISTANCE PROGRAM FOR LOW INCOME FAMILIES OR PERSONS AS PROVIDED BY SECTION 8 PROGRAM OF THE NATIONAL HOUSING ACT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phillip Bates President | 0.2 | $0 | |
Jeana Bateman Vice President | 0.2 | $0 | |
Renee Baines Director | 0.2 | $0 | |
Nick Clark Secretary/treasurer | 1.75 | $0 | |
Terry Stawar Director | 0.2 | $0 | |
Joe Kimmel Director | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $117,354 |
| Total Program Service Revenue | $57,409 |
| Membership dues | $0 |
| Investment income | $7 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $904 |
| Total Revenue | $175,674 |
| Statement of Expenses | |
|---|---|
| Total expenses | $134,198 |
| Balance Sheet | |
|---|---|
| Total assets | $345,699 |
| Total liabilities | $332,857 |
| Net assets or fund balances | $12,842 |
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