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Nonprofiteer
← LOW INCOME FAMILY EMPOWERMENT INC

Form 990 for tax year 2023

Filed by LOW INCOME FAMILY EMPOWERMENT INC.

Totals

Total revenue
$78,172
Total expenses
$207,732
Contributions and grants received
$66,888
Grants paid
$0
Program service revenue
$0
Investment income
$11,284
Other revenue
$0
Total assets, end of year
$369,209
Total liabilities, end of year
$86,838
Net assets or fund balances, end of year
$282,371
Program services expenses (Part IX)
$201,018
Management and general expenses
$6,714
Fundraising expenses
$0
Program service expenses (Part III)
$201,018

Program services were 96.8% 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.

  • 1f · All other contributions, gifts and grants

    $66,888

  • 3 · Investment income

    total $11,284 · excluded $11,284

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $2,600 · management and general $2,600

  • 13 · Office expenses

    total $245 · program services $245

  • 16 · Occupancy

    total $1,111 · program services $1,111

  • 20 · Interest

    total $964 · management and general $964

  • 23 · Insurance

    total $3,150 · management and general $3,150

  • 24a · Other expenses: Resident Outreach

    total $182,000 · program services $182,000

  • 24b · Other expenses: Project Expenses

    total $17,327 · program services $17,327

  • 24c · Other expenses: Administrative Costs

    total $335 · program services $335

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $236,328 · end of year $236,701

  • 3 · Pledges and grants receivable

    beginning of year $270,827 · end of year $130,781

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,570 · end of year $1,727

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

    $1,055

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

    $1,055

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,023 · end of year $3,023

  • 24 · Unsecured notes and loans payable

    beginning of year $32,131 · end of year $33,095

  • 25 · Other liabilities

    beginning of year $56,640 · end of year $50,720

  • 27 · Net assets without donor restrictions

    beginning of year $409,431 · end of year $279,871

  • 28 · Net assets with donor restrictions

    beginning of year $2,500 · end of year $2,500

Mission and programs · 2023

Mission

To empower low-income individuals and families to achieve and maintain self-sufficiency by enhancing the service delivery system through building capacity and collaboration with community partners.

Activities or mission (Part I)

Supportive services for low income individuals.

  • In 2022 Maiker Housing Partners Fund (MHP Fund) received a 3 year grant from the Colorado Health Foundation to create Southwest Adams County Collaborative Training & Community Organizing Institute. Its purpose is to develop and strengthen long-term community resilience and organizing capacity by working with southwest Adams County communities to address the racial and social inequities that exist for communities of color and those living in poverty. While funding came in late 2022 the program started in 2023.In 2023, MHP Fund also received $2,000 from Denver Foundation for Technical assistance and $40,000 from CO Center on Law and Policy for Family and Community Vitality program Voices for Action.

    Expenses $194,906

  • The Community Garden project -Started in 2021, the community garden project includes 21 planter boxes in a quarter acre plot and is funded, run, and managed by Maiker Housing Partner residents. At the end of each season they hold a harvest festival sharing the produce and recipes among community members.

    Expenses $6,112

As filed on the 2023 return.

Listed in Part VII

  • Peter LiFari

    Board President

    Total calculated
    $0
    Hours/week
    0.1

  • Hannah Brown

    Board Member

    Total calculated
    $0
    Hours/week
    0.1

  • Veronica Perez

    Board Member

    Total calculated
    $0
    Hours/week
    0.1

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
29 October 2024
IRS schema version
2023v5.1
Source object
202443039349301609

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