Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $51,694

• 2a · Program service revenue: RESIDENT RENT

  total $25,037 · related or exempt $25,037

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $2,207 · excluded $2,207

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7c · Gain or loss

  securities $0 · other assets $0

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 11a · Fees: management

  total $6,261 · management and general $6,261

• 11c · Fees: accounting

  total $15,017 · management and general $15,017

• 11g · Fees: other

  total $27,836 · program services $22,968 · management and general $4,868 · fundraising $0

• 13 · Office expenses

  total $3,906 · program services $3,542 · management and general $364

• 16 · Occupancy

  total $46,368 · program services $46,368

• 22 · Depreciation, depletion and amortization

  total $36,230 · program services $36,230

• 24a · Other expenses: SUPPLIES

  total $3,560 · program services $3,560

• 24e · All other expenses

  total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,452 · end of year $2,950

• 4 · Accounts receivable

  beginning of year $0

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

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

  $1,044,193

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

  $783,676

• 10c · Land, buildings and equipment, net

  beginning of year $256,797 · end of year $260,517

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $111,701 · end of year $38,241

• 17 · Accounts payable and accrued expenses

  beginning of year $46,483 · end of year $49,250

• 19 · Deferred revenue

  beginning of year $748 · end of year $98

• 21 · Escrow or custodial account liability

  beginning of year $2,029 · end of year $2,113

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $41,067 · end of year $32

• 27 · Net assets without donor restrictions

  beginning of year $161,240 · end of year $144,347

• 28 · Net assets with donor restrictions

  beginning of year $119,383 · end of year $105,868

The filer's explanations (Part III)

Schedule J, Part I, Line 3

LIFE CONCEPTS INDEPENDENT LIVING I, INC'S PERSONNEL ARE EMPLOYED BY LIFE CONCEPTS, INC., A RELATED 501(C)(3) ORGANIZATION. LIFE CONCEPTS, INC. USES THE FOLLOWING TO ESTABLISH COMPENSATION FOR LIFE CONCEPTS INDEPENDENT LIVING I, INC'S CEO: COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• QUEST VILLAGE LTD

  N/A · HOUSING FOR DEVELOPMENTALLY DISABLED · FL

  Directly controlled by NA