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Nonprofiteer
← LIFE LINE HOMES

Form 990 for tax year 2024

Filed by LIFE LINE HOMES.

Totals

Total revenue
$92,244
Total expenses
$52,886
Contributions and grants received
$3,195
Grants paid
$46,500
Program service revenue
$0
Investment income
$75,813
Other revenue
$13,236
Total assets, end of year
$1,199,079
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,199,079
Program services expenses (Part IX)
$46,500
Management and general expenses
$6,386
Fundraising expenses
$0
Program service expenses (Part III)
$46,500

Program services were 87.9% 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

    $3,195

  • 3 · Investment income

    total $57,668 · excluded $57,668

  • 7a · Gross sales of assets other than inventory

    securities $49,942

  • 7b · Less cost or other basis and sales expenses

    securities $31,797

  • 7c · Gain or loss

    securities $18,145

  • 7d · Net gain or loss

    total $18,145 · excluded $18,145

  • 11a · Other revenue: CAPITAL GAIN DISTRIBUT

    total $13,236 · excluded $13,236

  • 11e · Other revenue, total

    $13,236

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $46,500 · program services $46,500

  • 11b · Fees: legal

    total $275 · management and general $275

  • 11c · Fees: accounting

    total $2,475 · management and general $2,475

  • 12 · Advertising and promotion

    total $301 · management and general $301

  • 13 · Office expenses

    total $20 · management and general $20

  • 19 · Conferences, conventions and meetings

    total $2,955 · management and general $2,955

  • 24a · Other expenses: FOREIGN TAXES PAID

    total $360 · management and general $360

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $5,003 · end of year $5,003

  • 4 · Accounts receivable

    beginning of year $4,479 · end of year $10,630

  • 11 · Investments: publicly traded securities

    beginning of year $1,115,089 · end of year $1,183,446

  • 27 · Net assets without donor restrictions

    beginning of year $1,124,571 · end of year $1,199,079

Mission and programs · 2024

Mission

MINISTERING TO YOUTH IN NEED

  • EDUCATIONAL ASSISTANCE- THREE GRANTS PROVIDED TO NON-PROFIT ORGANIZATIONS FOR THE PURPOSE OF EDUCATIONAL ASSISTANCE

    Expenses $27,000 · Grants $27,000

  • YOUTH DEVELOPMENT- FIVE GRANTS PROVIDED TO NON-PROFIT ORGANIZATIONS TO ASSIST WITH YOUTH DEVELOPMENT

    Expenses $12,700 · Grants $12,700

  • ADOPTION- ONE GRANT PROVIDED TO AN ORGANIZATION ASSOCIATED WITH THE FREE METHODIST CHURCH DESIGNATED FOR ADOPTION ASSISTANCE

    Expenses $6,000 · Grants $6,000

  • FREE METHODIST FOUNDATION PLANNED GIVING

    Expenses $800 · Grants $800

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John Hull

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Cindy Ostrander

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Bonnie Oscarson

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • James Schuberth

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Clarence Oscy Oscarson

    DIRECTOR THRU APRIL 2025

    Total calculated
    $0
    Hours/week
    1

  • Michelle Sussenbach

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Todd Tidball

    FINANCE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Tom Holcomb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christie Kessinger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    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

Provenance

Return type
form_990
Tax year
2024
Filed
13 January 2026
IRS schema version
2024v5.5
Source object
202640199349300309

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