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Nonprofiteer
← LFS REAL PROPERTIES INC

Form 990 for tax year 2022

Filed by LFS REAL PROPERTIES INC.

Totals

Total revenue
$121,807
Total expenses
$80,787
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$120,600
Investment income
$0
Other revenue
$1,207
Total assets, end of year
$2,237,995
Total liabilities, end of year
$124,195
Net assets or fund balances, end of year
$2,113,800
Program services expenses (Part IX)
$80,787
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$80,787

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: RENTAL INCOME

    total $120,600 · related or exempt $120,600

  • 11a · Other revenue: BAD DEBT

    total $1,207 · excluded $1,207

  • 11e · Other revenue, total

    $1,207

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $4,373 · program services $4,373

  • 16 · Occupancy

    total $860 · program services $860

  • 20 · Interest

    total $5 · program services $5

  • 22 · Depreciation, depletion and amortization

    total $75,039 · program services $75,039

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $510 · program services $510

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,121 · end of year $13,636

  • 10a · Land, buildings and equipment: cost or other basis

    $2,182,719

  • 10b · Land, buildings and equipment: accumulated depreciation

    $901,199

  • 10c · Land, buildings and equipment, net

    beginning of year $1,341,608 · end of year $1,281,520

  • 15 · Other assets

    beginning of year $848,239 · end of year $942,839

  • 24 · Unsecured notes and loans payable

    beginning of year $113,791 · end of year $124,195

  • 27 · Net assets without donor restrictions

    beginning of year $2,082,177 · end of year $2,113,800

Mission and programs · 2022

Mission

Withheld by Nonprofiteer: this text may name a private individual.

Activities or mission (Part I)

EMPOWERED BY CHRIST, WE WALK TOGETHER WITH ALL WE SERVE.

  • TO HOLD TITLE TO REAL PROPERTY AND RENT SUCH PROPERTY TO ITS PARENT ORGANIZATION, LUTHERAN FAMILY SERVICES IN THE CAROLINAS.

    Expenses $80,787 · Revenue $120,600

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Ted Goins

    CEO/PRESIDENT

    Total calculated
    $394,066
    From this org
    $0
    From related orgs
    $381,871
    Other
    $12,195
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $381,371 related
    Bonus
    $0
    Other
    $0 + $500 related
    Deferred
    $0 + $6,100 related
    Nontaxable benefits
    $0 + $6,095 related
    Filer's total
    $0 + $394,066 related

  • Gregory Hudgins

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Cary M Grant

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Karen Maddry

    SECRETARY

    Total calculated
    $89,637
    From this org
    $0
    From related orgs
    $81,554
    Other
    $8,083
    Hours/week
    1 + 40 related

  • Kirby Nickerson

    CHIEF FINANCIAL OFFICER

    Total calculated
    $274,928
    From this org
    $0
    From related orgs
    $259,279
    Other
    $15,649
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $259,079 related
    Bonus
    $0
    Other
    $0 + $200 related
    Deferred
    $0 + $5,214 related
    Nontaxable benefits
    $0 + $10,435 related
    Filer's total
    $0 + $274,928 related

  • Myra Griffie

    VICE PRESIDENT - CHILF & FAMILY SERVICES

    Total calculated
    $183,188
    From this org
    $0
    From related orgs
    $169,115
    Other
    $14,073
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $168,865 related
    Bonus
    $0
    Other
    $0 + $250 related
    Deferred
    $0 + $3,683 related
    Nontaxable benefits
    $0 + $10,390 related
    Filer's total
    $0 + $183,188 related

  • Kesha Smith

    CHIEF OPERATING OFFICER

    Total calculated
    $276,600
    From this org
    $0
    From related orgs
    $261,157
    Other
    $15,443
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $245,907 related
    Bonus
    $0 + $15,000 related
    Other
    $0 + $250 related
    Deferred
    $0 + $5,008 related
    Nontaxable benefits
    $0 + $10,435 related
    Filer's total
    $0 + $276,600 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
12 August 2024
IRS schema version
2022v5.0
Source object
202442259349300239

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