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Nonprofiteer
← THE LIFE CENTER LAND HOLDINGS INC

Form 990 for tax year 2022

Filed by THE LIFE CENTER LAND HOLDINGS INC.

Totals

Total revenue
$18,993
Total expenses
$54,867
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$18,993
Total assets, end of year
$1,876,975
Total liabilities, end of year
$1,860,223
Net assets or fund balances, end of year
$16,752
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 6a · Gross rents

    real property $35,393

  • 6b · Less rental expenses

    real property $16,400

  • 6c · Rental income or loss

    real property $18,993

  • 6d · Net rental income or loss

    total $18,993 · related or exempt $18,993

Functional expenses

Part IX, the statement of functional expenses.

  • 22 · Depreciation, depletion and amortization

    total $54,867 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $23,931 · end of year $4,433

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

    $2,348,812

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

    $520,497

  • 10c · Land, buildings and equipment, net

    beginning of year $1,883,182 · end of year $1,828,315

  • 15 · Other assets

    end of year $44,227

  • 23 · Secured mortgages and notes payable

    beginning of year $1,890,171 · end of year $1,860,033

  • 25 · Other liabilities

    beginning of year $190 · end of year $190

  • 31 · Retained earnings, endowment or other funds

    beginning of year $16,752 · end of year $16,752

Mission and programs · 2022

Mission

To hold title to the church property, collecting income there from, and turning over the entire amount, less expenses, to its affiliate, the Life Church of Houma.

  • To hold title to the church property, collecting income there from, and turning over the entire amount, less expenses, to its affiliate, the Life Church of Houma

As filed on the 2022 return.

Listed in Part VII

  • Chad Ducote

    President

    Total calculated
    $0
    Hours/week
    10

  • Amanda Ducote

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Adam Schmitt

    Treasurer/Secretary

    Total calculated
    $0
    Hours/week
    10

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
2022
Filed
17 October 2023
IRS schema version
2022v5.0
Source object
202303059349301625

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