Life Options Homes Inc in Brighton, Tennessee (TN)
Table of contents:
| Life Options Homes Inc | |
| Employer Identification Number (EIN) | 371553269 |
| Name of Organization | Life Options Homes Inc |
| In Care of Name | Julia Putnam |
| Address | 74 Sanders Dr, Brighton, TN 38011-6501 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 09/2008 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $27,545 |
| Amount of Income | $127,626 |
| Form 990 Revenue Amount | $127,626 |
| National Taxonomy of Exempt Entities (NTEE) | Housing, Shelter: Public Housing Facilities |
Non-representatives - add comments:
Amount of income in 2013: $127,626 (it was $143,689 in 2012)
| Life Options Homes Inc: | $127,626 |
| Other organizations performing similar types of work: | $150,108 |
Assets in 2013: $27,545 (it was $34,065 in 2012)
| Life Options Homes Inc: | $27,545 |
| Other organizations performing similar types of work: | $1,156,098 |
Expenses in 2013: $131,079
| This organization: | $131,079 |
| Other organizations performing similar types of work: | $149,118 |
Income to expenses ratio in 2013: 1.0
| Life Options Homes Inc: | 1.0 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 0.5%
| This organization: | 0.5% |
| Other organizations performing similar types of work: | 0.8% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $25,136 | $143,689 | $127,626 |
| Contributions, gifts, grants, and similar amounts received | $4,623 | $4,000 | $600 |
| Program service revenue including government fees and contracts | $20,513 | $139,689 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $10 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $127,016 |
| Gross amount from sale of assets other than inventory | $0 | $0 | $127,016 |
| Less: cost or other basis and sales expenses | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $22,756 | $133,631 | $131,079 |
| Total net assets | $7,022 | $17,080 | $13,627 |
| Excess/Deficit for the year | $2,380 | $10,058 | $-3,453 |
| Net assets or fund balances at beginning of year | $4,642 | $7,022 | $17,080 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $17,080 | $13,627 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $7,298 | $34,065 | $27,545 |
| Total liabilities | $276 | $16,985 | $13,918 |
| Net assets or fund balances | $7,022 | $17,080 | $13,627 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | Yes | No | |
| Total amount involved | $31 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $323,164 |
| Subtotal | $323,164 |
| Gifts, grants, contributions, and membership fees received | $35,952 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $287,212 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $323,174 |
| Public support | $323,164 |
| Subtotal | $10 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $10 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Now I Lay Me Down To Sleep | 2136 Liberty Dr, Murfreesboro, TN 37129-6623 | TN | 2009-09 | $412,423 |
| 2 | Willie F Bill Brown Manor Inc | 2171 Judicial Dr Ste 200, Germantown, TN 38138-3800 | TN | 2004-07 | $220,342 |
| 3 | Mcleod Home Inc | PO BOX 80925, Chattanooga, TN 37414-7925 | TN | 2009-04 | $188,175 |
| 4 | Southeast Memphis Community Development Corporation | 3150 Lenox Park Blvd, Memphis, TN 38115-4299 | TN | 2005-02 | $171,557 |
| 5 | Spruce Street Golden Manor Inc | 521 20th Ave N, Nashville, TN 37203-1903 | TN | 2005-07 | $158,729 |
| 6 | Waterford Homes For Elderly Inc | PO BOX 1218, Morristown, TN 37816-1218 | TN | 2001-01 | $149,047 |
| 7 | Highland Homes For Elderly Inc | PO BOX 1218, Morristown, TN 37816-1218 | TN | 2011-03 | $97,890 |
| 8 | Clyde Rooker Senior Village Inc | 209d Buffalo Valley Dr, Shelbyville, TN 37160-3176 | TN | 2006-07 | $90,168 |
| 9 | Village Of Hope Inc | 2616 Maplewood Dr Apt 305, Columbia, TN 38401-4787 | TN | 2007-09 | $89,483 |
| 10 | Southern Living Apartments Inc | 105 N James Campbell Blvd, Columbia, TN 38401-2605 | TN | 2005-09 | $88,287 |
| 11 | Loretto Lions Retirement Home Ii Inc | PO BOX 303, Pulaski, TN 38478-0303 | TN | 2014-10 | $55,926 |
| 12 | Aztex Homes For Ederly Inc | PO BOX 1218, Morristown, TN 37816-1218 | TN | 2007-04 | $55,897 |
| 13 | South Holston Development Corporation | PO BOX 9054, Gray, TN 37615-9054 | TN | 1985-07 | $55,140 |
| 14 | Teresa Gardens Inc | 67 Irwin Ave, Crossville, TN 38555-4746 | TN | 2007-06 | $51,783 |
| 15 | Spruce Street Community Development Corporation | 511 Spruce St, Nashville, TN 37203-1940 | TN | 2001-10 | $39,237 |
| 16 | Ridgetop Apartments Inc | 240 W Tyrone Rd, Oak Ridge, TN 37830-6517 | TN | 1996-07 | $34,791 |
| 17 | Woodgrove Apartments Inc | 805 Northshore Drive Sw, Knoxville, TN 37919 | TN | 1998-08 | $16,324 |
| 18 | Bandele Incorporated | 7133 Chevy Chase Dr, Memphis, TN 38125 | TN | 2007-02 | $7,000 |
| 19 | Anointed Universal Development Group Inc | 1802 7th Ave N, Nashville, TN 37208-1604 | TN | 2002-10 | $0 |
| 20 | Appalachian Home & Health Inc | 1503 Meadow Spring Drive, Jefferson City, TN 37760 | TN | 2010-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,095 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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