Quality Life Associates Inc
- Assets
- $2.8m
- Revenue
- $100.1k
- Investments
- $2.5m
- Employees
- 0
- Location
- Fayetteville, AR
- Founding
- 07/2000
- Data as of
- 12/2023
- EIN
- 71-0836760
Organization Overview
Quality Life Associates Inc is located in Fayetteville, AR. The organization was established in 2000. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quality Life Associates 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, Quality Life Associates Inc generated $100.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $67.0k during the year ending 12/2023. While expenses have increased by 0.2% per year over the past 9 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
WOMEN'S RESIDENCE PROGRAM PROVIDES A MULTI-DISCIPLINARY LONG-TERM RESIDENTIAL PROGRAM TO WOMEN WITH POST ACUTE BRAIN INJURIES OR NEUROLOGICAL DISORDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Alexander Co-Chairman | 5 | $0 | |
Kathy Alexander Board Member | 1 | $0 | |
Elise Alexander Board Member | 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 | $100,135 |
| Total Revenue | $100,135 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $19,228 |
| Taxes | $5,059 |
| Depreciation | $14,032 |
| Occupancy | $11,962 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,276 |
| Total operating and administrative expenses | $66,957 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $66,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,813 |
| 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 | $2,513,144 |
| Net Land, buildings, and equipment | $240,758 |
| Other assets | $0 |
| Total assets | $2,761,715 |
| Accounts payable and accrued expenses | $450 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $1,566,913 |
| Other liabilities | $0 |
| Total liabilities | $1,567,363 |