Lotus Healing Centers Inc
- Assets
- $303.3k
- Revenue
- $214.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Winter Springs, FL
- Founding
- Data as of
- 12/2021
- EIN
- 85-0597330
Organization Overview
Lotus Healing Centers Inc is located in Winter Springs, FL. According to its NTEE Classification (F22) the organization is classified as: Substance Abuse Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lotus Healing Centers 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, Lotus Healing Centers Inc generated $214.5k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 70.2% each year . All expenses for the organization totaled $853.7k during the year ending 12/2021. While expenses have increased by 20.7% per year over the past 2 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Radka Executive Director | 40 | $72,000 | |
Roland Samaroo CFO | 40 | $60,000 | |
Terrence Diaz Director | 0 | $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 | $214,518 |
| Other Income | $0 |
| Total Revenue | $214,518 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $132,000 |
| Other employee salaries and wages | $45,681 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,060 |
| Depreciation | $7,115 |
| Occupancy | $318,408 |
| Travel, conferences, and meetings | $2,630 |
| Printing and publications | $0 |
| Other expenses | $328,876 |
| Total operating and administrative expenses | $853,695 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $853,695 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,291 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $1,652 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $287,359 |
| Total assets | $303,302 |
| Accounts payable and accrued expenses | $473,007 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $965,000 |
| Other liabilities | $16,840 |
| Total liabilities | $1,454,847 |
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