Lydias Place Inc
- Assets
- $318.8k
- Revenue
- $458.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Watkinsville, GA
- Founding
- 10/2017
- Data as of
- 06/2022
- EIN
- 82-2086532
Organization Overview
Lydias Place Inc is located in Watkinsville, GA. The organization was established in 2017. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, 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. Lydias Place 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, Lydias Place Inc generated $458.2k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 41.4% each year . All expenses for the organization totaled $396.9k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION DEMONSTRATES GOD'S LOVE BY PROVIDING BASIC LIVING NEEDS TO YOUNG ADULTS AGE 17 TO 24 WHO HAVE EXPERIENCED FOSTER CARE OR HOMELESSNESS WHILE ALSO PROMOTING THEIR GROWTH TO INDEPENDENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LYDIA'S PLACE PROVIDES ASSISTANCE WITH FOOD,CLOTHING,HOUSEHOLD ITEMS,TRANSPORTATION,TUITION,COUNSELING, AND MEDICAL BILLS IN ITS MISSION TO PROVIDE BASIC LIVING NEEDS FOR PROGRAM PARTICIPANTS. LYDIA'S PLACE PROVIDES THIS ASSISTANCE TO AID STUDENTS DURING THIS PERIOD OF TRANSITION IN THEIR LIVES SO THAT THEY CAN FOCUS THEIR TIME AND ENERGY AND RESOURCES ON THEIR PERSONAL DEVELOPMENT AND GROWTH TOWARDS BECOMING INDEPENDENT AND SUCCESSFUL ADULTS.
LYDIA'S PLACE PROVIDES HOUSING IN ITS MISSION TO MEET BASIC LIVING NEEDS FOR PROGRAM PARTICIPANTS. FOUR UNITS ARE OPERATIONAL AT LYDIA'S HOMEPLACE, A QUADIPLEX BUILDING RENTED BY LYDIA'S PLACE THROUGH AGREEEMENT WITH THE LOCAL HABITAT FOR HUMANITY ORGANIZATION. FOUR OTHER UNITS ARE OPERATIONAL AT THE ARCH VILLAGE, THROUGH SUBLEASE AGREEMENTS BETWEEN LYDIA'S PLACE AND A LOCAL HOMELESS SHELTER ORGANIZATION. THE HOUSING PROVIDES A SECURE AND STEADY ENVIRONMENT AS STUDENTS BEGIN THEIR PATH TO LIVING INDEPENDENTLY WITHOUT HAVING TO DEAL WITH CO-SIGNERS, DEPOSITS, AND HIGH RENT COSTS.
LYDIA'S PLACE ALSO SUPPORTS THOSE STUDENTS THAT ARE ATTENDING COLLEGE AND LIVING IN A DORM ENVIRONMENT. LYDIA'S PLACE DOES AN ANNUAL PROVISIONS OF HOPE BASKET DRIVE WHERE THEY ENCOURAGE THE PUBLIC AND OTHER LOCAL CHURCHES TO FILL LAUNDRY BASKETS WITH ESSENTIALS FOR STUDENTS LIVING IN A DORM SUCH AS BEDDING, SHOWER CURTAINS, TOWELS, SCHOOL SUPPLIES,TOILETRY ITEMS, GIFT CARDS, AND OTHER BASIC NECESSITIES. THIS YEAR LYDIA'S PLACE PROVIDED APPROXIMATELY 250 SUCH BASKETS TO STUDENTS ACROSS THE STATE OF GEORGIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Schaffer Board Member | Trustee | 5 | $0 |
Betty Jo Walton Board Member | Trustee | 5 | $0 |
Brock Toole Board Member | Trustee | 5 | $0 |
Megan Green Board Member | Trustee | 5 | $0 |
April Farlow Founder | Trustee | 10 | $0 |
Ross Crane Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $62,475 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $389,369 |
| Noncash contributions included in lines 1a–1f | $28,785 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $451,844 |
| Total Program Service Revenue | $6,400 |
| Investment income | $46 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$119 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $458,171 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $52,234 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,543 |
| Payroll taxes | $4,017 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,974 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,628 |
| Office expenses | $3,089 |
| Information technology | $6,219 |
| Royalties | $0 |
| Occupancy | $54,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,619 |
| Insurance | $10,342 |
| All other expenses | $44,347 |
| Total functional expenses | $396,887 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $205,592 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $5,226 |
| Net Land, buildings, and equipment | $103,653 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,300 |
| Total assets | $318,771 |
| Accounts payable and accrued expenses | $1,157 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,157 |
| Net assets without donor restrictions | $317,614 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $318,771 |