Improved Living Foundation Inc
- Assets
- $61.3k
- Revenue
- $100.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Humble, TX
- Founding
- 04/2001
- Data as of
- 06/2021
- EIN
- 95-4798037
Organization Overview
Improved Living Foundation Inc is located in Humble, TX. The organization was established in 2001. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, 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. Improved Living Foundation 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 06/2021, Improved Living Foundation Inc generated $100.0k in total revenue. All expenses for the organization totaled $126.1k during the year ending 06/2021. While expenses have increased by 27.8% per year over the past 3 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
GENERAL CONTRACTOR ON 188 UNIT MULTIFAMILY PROPERTY FOR FAMILIES OF LOW AND MODERATE INCOME USING LIHCT EQUITY IN WAXAHACHIE TEXAS TO LOWER THE OVERALL COST OF THE PROPERTY MAKING IT MORE AFFORDABLE AND CAPABLE OF SERVICING ITS DEBT.
GENERAL CONTRACTOR ON 200 UNIT MULTIFAMILY PROPERTY SERVING SENIORS USING LIHTC IN ARLINGTON TEXAS USING LIHTC EQUITY IN ARLINGTON TEXAS TO LOWER THE OVERALL COST MAKING IT MORE AFFORDABLE AND CAPABLE IF SERVICING ITS DEBT.
GENERAL CONTRACTOR ON 188 UNIT MULTIFAMILY PROPERTY SERVING FAMILIES USING LIHTC EQUITY INN PRINCETON TEXAS TO LOWER THE OVERALL COST MAKING IT MORE AFFORDABLE AND CAPABLE OF SERVICING ITS DEBT.
ACTING AS A CONDUIT LENDER USING CDBD-DR FUNDS FROM HARRIS COUNTY TO THE DEVELOPER OF A 56 UNIT RECONSTRUCTION YIELDING 56 UNITS WITH SUPPORTIVE SERVICES FOR FORMERLY HOMELESS VETERANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Sampley Executive Director | 30 | $100,000 | |
Brian Cogburn President | 1 | $0 | |
Patchin Crawforf Member | 0.5 | $0 | |
Rebecca Reyna Secretary | 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 | $0 |
| Other Income | $100,000 |
| Total Revenue | $100,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $116,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $3,811 |
| Travel, conferences, and meetings | $5,862 |
| Printing and publications | $0 |
| Other expenses | $399 |
| Total operating and administrative expenses | $126,072 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $126,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,349 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Total assets | $61,349 |
| Accounts payable and accrued expenses | $439,752 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $439,752 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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Baptist Community Services Amarillo, TX | $103,635,790 | $32,393,349 |
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Central Oklahoma United Methodist Retirement Facility Inc Oklahoma City, OK | $92,530,594 | $26,932,223 |
The Army Retirement Residence Foundation - San Antonio San Antonio, TX | $4,285,363 | $28,711,677 |
St James Place Of Baton Rouge Baton Rouge, LA | $72,313,074 | $25,820,811 |
Carillon Inc Lubbock, TX | $54,922,935 | $25,109,612 |
Bph Holding Co Inc Austin, TX | $121,151,159 | $22,617,452 |