Lifeark Community Inc
- Assets
- $191.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Duarte, CA
- Founding
- 05/2019
- Data as of
- 12/2022
- EIN
- 83-4264450
Organization Overview
Lifeark Community Inc is located in Duarte, CA. The organization was established in 2019. According to its NTEE Classification (L80) the organization is classified as: Housing Support, 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. Lifeark Community 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 12/2022, Lifeark Community Inc generated $27.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (42.7%) each year. All expenses for the organization totaled $66.8k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
DEVELOP SUPPORTIVE HOUSING FOR THE HOMELESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Wee President & CEO | 15 | $0 | |
Rebecca Wee CFO & Treasurer | 10 | $0 | |
Paul Cho Secretary | 4 | $0 | |
Henry Hong Director | 4 | $0 | |
Drew Garcia Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $27,000 |
| 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 | $745 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,177 |
| Other expenses | $64,866 |
| Total expenses | $66,788 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $18,494 |
| Other assets | $0 |
| Total assets | $191,517 |
| Total liabilities | $10,575 |
| Net assets or fund balances | $180,942 |