Touching Lives In Cedartown Inc
- Assets
- $1.5m
- Revenue
- $874.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Cedartown, GA
- Founding
- 09/2012
- Data as of
- 09/2020
- EIN
- 45-4509471
Organization Overview
Touching Lives In Cedartown Inc is located in Cedartown, GA. The organization was established in 2012. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Touching Lives In Cedartown 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 09/2020, Touching Lives In Cedartown Inc generated $874.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $575.0k during the year ending 09/2020. While expenses have increased by 3.7% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION IS TO PROVIDE SERVICES TO ASSIST IN THE PROVISION OF AFFORDABLE HOUSING TO LOW AND VERY-LOW INCOME PERSONS. ALSO TO PROVIDE SERVICES TO THE RESIDENTS OF LOW AND VERY-LOW INCOME PROPERTIES SUCH AS FAMILY SELF-SUFFICIENCY AND TRAINING PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF MAINTENANCE FOR 304 UNITS OF HOUSING FOR LOW AND VERY-LOW INCOME PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alice C Cook Executive Dir. | Officer | 16 | $0 |
Larry Dooley Director | Trustee | 1 | $0 |
George Mundy Director | Trustee | 1 | $0 |
Lloyd Gray Jr Director | Trustee | 1 | $0 |
Elaine Osborn Director | Trustee | 1 | $0 |
Todd Bussey Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $874,751 |
| 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 | $321,398 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $123,244 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,416 |
| Fees for services: Accounting | $12,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,339 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,835 |
| Insurance | $35,731 |
| All other expenses | $0 |
| Total functional expenses | $575,028 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,121,728 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,239 |
| 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 | $3,249 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,462,860 |
| Accounts payable and accrued expenses | $156,667 |
| 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 | $63,292 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,192 |
| Total liabilities | $237,151 |
| Net assets without donor restrictions | $0 |
| 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 | $1,225,709 |
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