Life Rebuilders Inc
- Assets
- $3.5m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 17
- Location
- Terrell, TX
- Founding
- 01/2000
- Data as of
- 12/2021
- EIN
- 86-0693517
Organization Overview
Life Rebuilders Inc is located in Terrell, TX. The organization was established in 2000. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Life Rebuilders Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Life Rebuilders 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, Life Rebuilders Inc generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $4.2m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
AFFORDABLE HOUSING PROPERTY MANAGEMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIFE REBUILDERS SERVES 252 SENIOR APARTMENT HOMES AND IS CURRENTLY DEVELOPING AN ADDITIONAL 148 AFFORDABLE SENIOR LIVING UNITS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alicia Bryant President/ceo | Officer | 40 | $35,876 |
Brittanie Harris Secretary | Officer | 5 | $0 |
Heidi Lindberg Board Member | Trustee | 5 | $0 |
Latoya Wheeler Board Member | Trustee | 5 | $0 |
Dora Causey Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,727,832 |
| Investment income | $654 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,728,486 |
| 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. | $355,876 |
| Compensation of current officers, directors, key employees. | $71,175 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $517,431 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $59,857 |
| Payroll taxes | $73,388 |
| Fees for services: Management | $14,646 |
| Fees for services: Legal | $8,429 |
| Fees for services: Accounting | $8,404 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $88,880 |
| Information technology | $4,039 |
| Royalties | $0 |
| Occupancy | $57,323 |
| Travel | $45,890 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,269 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $25,903 |
| All other expenses | $2,888,071 |
| Total functional expenses | $4,190,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,293,212 |
| 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 | $45,478 |
| Net Land, buildings, and equipment | $599,508 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,590,209 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,528,407 |
| Accounts payable and accrued expenses | $0 |
| 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 | $988,618 |
| Other liabilities | $0 |
| Total liabilities | $988,618 |
| Net assets without donor restrictions | $0 |
| 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 | $2,539,789 |
| Total liabilities and net assets/fund balances | $3,528,407 |
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|---|---|---|
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Bst Senior Living East Inc San Antonio, TX | $59,251,034 | $9,119,781 |
George Gervin Youth Center Inc San Antonio, TX | $26,261,586 | $16,043,559 |
Methodist Retirement Communities The Woodlands, TX | $24,592,359 | $13,174,524 |
Haverland Carter Lifestyle Group Albuquerque, NM | $60,146,748 | $9,864,395 |
Lutheran Senior Citizens Inc Oklahoma City, OK | $21,167,432 | $11,372,456 |
Lutheran Sunset Ministries Clifton, TX | $33,524,752 | $11,876,398 |
Methodist Retirement Communities The Woodlands, TX | $7,640,835 | $12,110,100 |
Wichita Falls Retirement Foundation Wichita Falls, TX | $25,020,242 | $10,435,420 |