Lifeark Community Inc
- Assets
- $230.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Duarte, CA
- Founding
- 05/2019
- Data as of
- 12/2021
- 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 12/2021, Lifeark Community Inc generated $136.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (18.4%) each year. All expenses for the organization totaled $10.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (62.7%) per year over the past 3 years. 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
2021
Describe the Organization's Program Activity:
Part 3
DEVELOP SUPPORTIVE HOUSING FOR THE HOMELESS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Wee President & CEO | 15 | $0 | |
Paul Cho Secretary | 4 | $0 | |
Henry Hong Director | 4 | $0 | |
Rebecca Wee CFO & Treasurer | 10 | $0 | |
Drew Garcia Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $136,000 |
| 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 | $136,000 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $815 |
| Other expenses | $9,805 |
| Total expenses | $10,620 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $41,510 |
| Other assets | $0 |
| Total assets | $230,730 |
| Total liabilities | $10,000 |
| Net assets or fund balances | $220,730 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lifeark Community Inc has recieved totaling $620,000.
| Awarding Organization | Amount |
|---|---|
United Way Inc Los Angeles, CA PURPOSE: HOUSING | $310,000 |
United Way Inc Los Angeles, CA PURPOSE: HOUSING | $310,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sheltercare Eugene, OR | $4,357,138 | $9,135,740 |
Midpen Resident Services Corporation Foster City, CA | $3,702,334 | $11,407,168 |
Bridge Property Management Company San Francisco, CA | $1,233,636 | $9,360,308 |
Burbank Housing Corporation Burbank, CA | $47,643,861 | $6,370,585 |
Habitat For Humanity San Fernando/Santa Clarita Valleys Woodland Hills, CA | $1 | $4,168,206 |
Do Good Multnomah Portland, OR | $6,858,210 | $9,987,432 |
Satellite Aha Development Inc Berkeley, CA | $17,466,494 | $5,909,155 |
Housing Trust Silicon Valley San Jose, CA | $250,989,111 | $21,448,557 |
Western Community Housing Inc Costa Mesa, CA | $106,078,970 | $11,023,596 |
Housing Choices Coalition For Persons With Developmental Disabil Palo Alto, CA | $4,399,565 | $5,833,856 |
Sacramento Neighborhood Housing Services Inc Sacramento, CA | $15,952,638 | $2,503,371 |
Housing Resource Center Of Monterey County Salinas, CA | $933,269 | $4,680,244 |