Civic Intelligence

Life Asset Inc.

990 • Fiscal year 2016 • EIN 45-4737489

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

Organization ProfileWWW.LIFEASSET.ORG
2448 18th Street NW Ste AWashington, DC 20009

(202) 709-0652

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

83rd percentile

0.48x

Higher debt load relative to assets than 83% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

90th percentile

1.04x

Higher debt load relative to revenue than 90% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

52nd percentile

3.7%

Higher net margin than 52% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

68th percentile

$54,400

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 15.0% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

93rd percentile

84%

Faster asset growth than 93% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

86th percentile

44%

Faster revenue growth than 86% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Up

$783,295

Up $357,821 (+84%) from 2015

Net Assets

Up

$403,961

Up $13,451 (+3.4%) from 2015

Liabilities

Up

$379,334

Up $344,370 (+985%) from 2015

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin52nd percentile

Revenue

Up

$363,264

Up $111,849 (+44%) from 2015

Expenses

Up

$349,813

Up $71,724 (+26%) from 2015

Net Income

Up

$13,451

Up $40,125 (+150%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth93rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2013: $470,703Liabilities 2013: $46,639Net Assets 2013: $424,0642013Assets 2014: $425,717Liabilities 2014: $8,533Net Assets 2014: $417,1842014Assets 2015: $425,474Liabilities 2015: $34,964Net Assets 2015: $390,5102015Assets 2016: $783,295Liabilities 2016: $379,334Net Assets 2016: $403,9612016Assets 2017: $1,240,633Liabilities 2017: $789,859Net Assets 2017: $450,7742017Assets 2018: $2,278,632Liabilities 2018: $1,381,071Net Assets 2018: $897,5612018Assets 2019: $3,017,827Liabilities 2019: $1,720,948Net Assets 2019: $1,296,8792019Assets 2020: $3,928,473Liabilities 2020: $2,182,652Net Assets 2020: $1,745,8212020Assets 2021: $6,492,765Liabilities 2021: $2,868,186Net Assets 2021: $3,624,5792021Assets 2022: $6,927,009Liabilities 2022: $2,234,048Net Assets 2022: $4,692,9612022Assets 2023: $9,442,411Liabilities 2023: $3,999,696Net Assets 2023: $5,442,7152023Assets 2024: $9,076,088Liabilities 2024: $3,271,243Net Assets 2024: $5,804,8452024

Highlighted filing

2016

Assets$783,295
Liabilities$379,334
Net Assets$403,961
Open 2016 Filing

Operations Trend

Revenue Growth86th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2013: $278,895Expenses 2013: $106,109Net Income 2013: $172,7862013Revenue 2014: $145,355Expenses 2014: $152,235Net Income 2014: -$6,8802014Revenue 2015: $251,415Expenses 2015: $278,089Net Income 2015: -$26,6742015Revenue 2016: $363,264Expenses 2016: $349,813Net Income 2016: $13,4512016Revenue 2017: $489,782Expenses 2017: $442,969Net Income 2017: $46,8132017Revenue 2018: $1,138,279Expenses 2018: $691,492Net Income 2018: $446,7872018Revenue 2019: $1,121,148Expenses 2019: $721,830Net Income 2019: $399,3182019Revenue 2020: $1,681,692Expenses 2020: $1,232,750Net Income 2020: $448,9422020Revenue 2021: $2,953,313Expenses 2021: $1,074,555Net Income 2021: $1,878,7582021Revenue 2022: $2,370,179Expenses 2022: $1,301,797Net Income 2022: $1,068,3822022Revenue 2023: $2,086,765Expenses 2023: $1,337,011Net Income 2023: $749,7542023Revenue 2024: $1,641,020Expenses 2024: $1,278,890Net Income 2024: $362,1302024

Highlighted filing

2016

Revenue$363,264
Expenses$349,813
Net Income$13,451
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$363,264
Mission and Program Overview

Mission

The mission of life asset is to help alleviate poverty in the greater washington, dc area, by empowering people through affordable financial products, services, and education, thereby promoting self-help and self- respect and expanding social and economic opportunities for lower income residents.

The mission of life asset is to help alleviate poverty in washington, dc, by empowering people through affordable financial products, services, and education, thereby promoting self-help and self-respect and expanding social and economic opportunities for lower income residents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$155,356$345,555▲ $190,199
Cash and Non-Interest-Bearing Accounts$123,167$131,827▲ $8,660
Land, Buildings, and Equipment, Net$44,677$50,408▲ $5,731
Loans From Officers Directors$15,300$19,300▲ $4,000
Prepaid Expenses and Deferred Charges$590$2,160▲ $1,570
Accounts Receivable$158$1,800▲ $1,642
Total Assets$425,474$783,295▲ $357,821
Other Assets Total$101,526$251,545▲ $150,019
Liabilities
Deferred Revenue-$177,070-
Unsecured Notes Loans Payable$16,265$166,660▲ $150,395
Accounts Payable and Accrued Expenses$3,399$16,304▲ $12,905
Total Liabilities$34,964$379,334▲ $344,370
Net Assets / Fund Balance
Unrestricted Net Assets$377,177$403,961▲ $26,784
Temporarily Rstr Net Assets$13,333--
Total Net Assets Fund Balance$390,510$403,961▲ $13,451
Total Liabilities and Net Assets / Fund Balance$425,474$783,295▲ $357,821

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$38,809$3,419$42,228
Equipment$11,599$2,747$14,346
Other Assets Org$251,545--
Compensation and Service Providers
Top Officer Pay68th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Markus LarssonPresidentFT$54,400$54,400

Board Members and Trustees

NameTitle
James KnightDirector
Michael LittleDirector
Rebecca J StelleSecretary
Terry FloodTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$344,650
Program Service Revenue
$13,618
Investment Income
$23
Other Revenue
$4,973
All Other Contributions
$344,650
Change in Net Assets
$13,451

Audited Revenue Reconciliation

Revenue per Audited Statements
$363,264
Total Revenue per Audited Statements
$363,264
Total Revenue per Form 990
$363,264
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$207,433
Salaries, Compensation, and Employee Benefits$142,380
Total Fundraising Expense$28,278
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$54,400$3,200$6,400$64,000
Current Officers, Directors, Trustees, and Key Employees$46,240$2,720$5,440$54,400
All Other Expenses$10,864$5,278$409$16,551
Other Employee Benefits$11,560$680$1,360$13,600
Occupancy$12,124$674$673$13,471
Payroll Taxes$8,823$519$1,038$10,380
Office Expenses$3,659$1,524$915$6,098
Other Expenses$3,246$191$382$3,819
Insurance$2,958$174$348$3,480
Depreciation Depletion$2,335$137$275$2,747
Travel$1,385$81$163$1,629
Interest$928--$928
Total Functional Expenses$276,661$44,874$28,278$349,813

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$349,813
Total Expenses per Audited Statements$349,813
Total Expenses per Form 990$349,813
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
James KnightBoard MemberLife AssetNo$12,000

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$15,300$19,300▲ $4,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

“Jubilee housing, inc life asset exec dir board member rental property”

Form 990, Page 6, Part VI, Line 11B

“The various board members receive an electronic version of the tax return before its filed and is voted on accordingly for its acceptance.”

Form 990, Page 6, Part VI, Line 12C

“Each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: a. Has received a copy of the conflicts of interest policy b. Has read and understands the policy”

Form 990, Page 6, Part VI, Line 19

“AVAILABLE UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Life Asset Inc
EIN
45-4737489
Phone
2027090652
Address
2448 18TH STREET NW STE A, WASHINGTON, DC 20009

Signing Officer

Name
Markus Larsson
Title
President
Phone
2027090652
Signed
2017-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Markus Larsson
Formed
2011
Legal Domicile
Dc
Voting Board Members
6
Independent Board Members
5
Employees
3
Volunteers
12

Preparer

Firm
FARMER & FIRST PC CPA'S
Address
6 STATE ST, WARREN, RI 02885-3120
Preparer
Robert M First CPA
Phone
4012471040
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The mission of life asset is to help alleviate poverty in washington, dc, by empowering people through affordable financial products, services, and education, thereby promoting self-help and self-respect and expanding social and economic opportunities for lower income residents.”

Raw XML AppendixShowing 400 of 451 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt03399
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt016304
IRS990/AccountsReceivableGrp/BOYAmt0158
IRS990/AccountsReceivableGrp/EOYAmt01800
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE MISSION OF LIFE ASSET IS TO HELP ALLEVIATE POVERTY IN WASHINGTON, DC, BY EMPOWERING PEOPLE THROUGH AFFORDABLE FINANCIAL PRODUCTS, SERVICES, AND EDUCATION, THEREBY PROMOTING SELF-HELP AND SELF-RESPECT AND EXPANDING SOCIAL AND ECONOMIC OPPORTUNITIES FOR LOWER INCOME RESIDENTS.
IRS990/AllOtherContributionsAmt0344650
IRS990/AllOtherExpensesGrp/FundraisingAmt0409
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt05278
IRS990/AllOtherExpensesGrp/ProgramServicesAmt010864
IRS990/AllOtherExpensesGrp/TotalAmt016551
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0MEREDITH HAUSSLER
IRS990/BooksInCareOfDetail/PhoneNum03016218520
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01705 CATTAIL MEADOWS DRIVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0WOODBINE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MD
IRS990/BooksInCareOfDetail/USAddress/ZIPCd021797
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0true
IRS990/BusinessRlnWithOrgMemInd0true
IRS990/CashNonInterestBearingGrp/BOYAmt0123167
IRS990/CashNonInterestBearingGrp/EOYAmt0131827
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt05440
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt02720
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt046240
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt054400
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0344650
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt023
IRS990/CYOtherExpensesAmt0207433
IRS990/CYOtherRevenueAmt04973
IRS990/CYProgramServiceRevenueAmt013618
IRS990/CYRevenuesLessExpensesAmt013451
IRS990/CYSalariesCompEmpBnftPaidAmt0142380
IRS990/CYTotalExpensesAmt0349813
IRS990/CYTotalFundraisingExpenseAmt028278
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0363264
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/EOYAmt0177070
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/FundraisingAmt0275
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0137
IRS990/DepreciationDepletionGrp/ProgramServicesAmt02335
IRS990/DepreciationDepletionGrp/TotalAmt02747
IRS990/Desc0PROVIDED BUSINESS TRAINING TO OVER 600 LOW-INCOME ENTREPRENEURS DURING 2016; ORIGINATED 200 MICROLOANS TO 200 LOW-INCOME ENTREPRENEURS DURING 2016 TO HELP THEM START/EXPAND THEIR OWN BUSINESS.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt03
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0276661
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditRequiredInd0false
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0MARKUS LARSSON
IRS990/Form990PartVIISectionAGrp/PersonNm1TERRY FLOOD
IRS990/Form990PartVIISectionAGrp/PersonNm2JAMES KNIGHT
IRS990/Form990PartVIISectionAGrp/PersonNm3MICHAEL LITTLE
IRS990/Form990PartVIISectionAGrp/PersonNm4REBECCA J STELLE
IRS990/Form990PartVIISectionAGrp/PersonNm5TERRY FLOOD
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt054400
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02011
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0363264
IRS990/GrossRentsGrp/RealAmt04430
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt05
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/FundraisingAmt0348
IRS990/InsuranceGrp/ManagementAndGeneralAmt0174
IRS990/InsuranceGrp/ProgramServicesAmt02958
IRS990/InsuranceGrp/TotalAmt03480
IRS990/InterestGrp/ProgramServicesAmt0928
IRS990/InterestGrp/TotalAmt0928
IRS990/InvestmentIncomeGrp/ExclusionAmt023
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt023
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt06166
IRS990/LandBldgEquipBasisNetGrp/BOYAmt044677
IRS990/LandBldgEquipBasisNetGrp/EOYAmt050408
IRS990/LandBldgEquipCostOrOtherBssAmt056574
IRS990/LegalDomicileStateCd0DC
IRS990/LoanOutstandingInd0true
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt015300
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt019300
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE MISSION OF LIFE ASSET IS TO HELP ALLEVIATE POVERTY IN WASHINGTON, DC, BY EMPOWERING PEOPLE THROUGH AFFORDABLE FINANCIAL PRODUCTS, SERVICES, AND EDUCATION, THEREBY PROMOTING SELF-HELP AND SELF-RESPECT AND EXPANDING SOCIAL AND ECONOMIC OPPORTUNITIES FOR LOWER INCOME RESIDENTS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0390510
IRS990/NetAssetsOrFundBalancesEOYAmt0403961
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt04430
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt04430
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt0673
IRS990/OccupancyGrp/ManagementAndGeneralAmt0674
IRS990/OccupancyGrp/ProgramServicesAmt012124
IRS990/OccupancyGrp/TotalAmt013471
IRS990/OfficeExpensesGrp/FundraisingAmt0915
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01524
IRS990/OfficeExpensesGrp/ProgramServicesAmt03659
IRS990/OfficeExpensesGrp/TotalAmt06098
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0101526
IRS990/OtherAssetsTotalGrp/EOYAmt0251545
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01360
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0680
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt011560
IRS990/OtherEmployeeBenefitsGrp/TotalAmt013600
IRS990/OtherExpensesGrp/Desc0CONSULTANTS & PROFESSIONA
IRS990/OtherExpensesGrp/Desc1BAD DEBTS- LOANS
IRS990/OtherExpensesGrp/Desc2TELEPHONE
IRS990/OtherExpensesGrp/Desc3PRINTING AND REPRODUCTION
IRS990/OtherExpensesGrp/FundraisingAmt010100
IRS990/OtherExpensesGrp/FundraisingAmt1775
IRS990/OtherExpensesGrp/FundraisingAmt2382
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt028404
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11292
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2191
IRS990/OtherExpensesGrp/ProgramServicesAmt0105550
IRS990/OtherExpensesGrp/ProgramServicesAmt19489
IRS990/OtherExpensesGrp/ProgramServicesAmt23100
IRS990/OtherExpensesGrp/ProgramServicesAmt33246
IRS990/OtherExpensesGrp/TotalAmt0144054
IRS990/OtherExpensesGrp/TotalAmt19489
IRS990/OtherExpensesGrp/TotalAmt25167
IRS990/OtherExpensesGrp/TotalAmt33819
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0543
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0543
IRS990/OtherRevenueTotalAmt0543
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt06400
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt03200
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt054400
IRS990/OtherSalariesAndWagesGrp/TotalAmt064000
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01038
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0519
IRS990/PayrollTaxesGrp/ProgramServicesAmt08823
IRS990/PayrollTaxesGrp/TotalAmt010380
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0155356
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0345555
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0590
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02160
IRS990/PrincipalOfficerNm0MARKUS LARSSON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0LOAN ORIGINATION INCOME
IRS990/ProgramServiceRevenueGrp/Desc1LOAN INTEREST INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt08979
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14639
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt08979
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14639
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0234177
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt03
IRS990/PYOtherExpensesAmt0224556
IRS990/PYOtherRevenueAmt06107
IRS990/PYProgramServiceRevenueAmt011128
IRS990/PYRevenuesLessExpensesAmt0-26674
IRS990/PYSalariesCompEmpBnftPaidAmt053533
IRS990/PYTotalExpensesAmt0278089
IRS990/PYTotalRevenueAmt0251415
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt013451
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt04430
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME 2,060
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0344650
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0234177
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0142860
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0245411
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0202680
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01169778
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt04453
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04593
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0784
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt026
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt07
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt09863
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt018591
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0543
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt01517
IRS990ScheduleA/OtherIncome170Grp/TotalAmt02060
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98990
IRS990ScheduleA/PublicSupportPY170Pct00.99170
IRS990ScheduleA/PublicSupportTotal170Amt01169778
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0344650
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0234177
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0142860
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0245411
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0202680
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01169778
IRS990ScheduleA/TotalSupportAmt01181701
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt011599
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02747
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt014346
IRS990ScheduleD/ExpensesSubtotalAmt0349813
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt038809
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt03419
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt042228
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0251545
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0LOAN RECEIVABLE - LOAN FUND
IRS990ScheduleD/RevenueSubtotalAmt0363264
IRS990ScheduleD/TotalBookValueLandBuildingsAmt050408
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0251545
IRS990ScheduleD/TotalExpensesPerForm990Amt0349813
IRS990ScheduleD/TotalRevenuePerForm990Amt0363264
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0363264
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0349813
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0JAMES KNIGHT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BOARD MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt012000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0LIFE ASSET
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt010300
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt15000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt24000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd2true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd2false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0OPERATING
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1OPERATING
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2OPERATING
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt010300
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt15000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt24000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0MARKUS LARSSON
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1JAMES KNIGHT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2REBECCA STEELE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0OFFICER, BOARD MEMB
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1MEMBER OF BOARD
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2MEMBER OF BOARD
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd2true
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0JAMES KNIGHT IS A BOARD MEMBER OF LIFE ASSET AND EXECUTIVE DIRECTOR, JUBILEE HOUSING, INC. LIFE ASSETS RENTS FROM JUBILEE HOUSING, INC. IT'S OFFICE SPACE BEGINNING IN 2014.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990ScheduleL/TotalBalanceDueAmt019300
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF LIFE ASSET IS TO HELP ALLEVIATE POVERTY IN WASHINGTON, DC, BY EMPOWERING PEOPLE THROUGH AFFORDABLE FINANCIAL PRODUCTS, SERVICES, AND EDUCATION, THEREBY PROMOTING SELF-HELP AND SELF-RESPECT AND EXPANDING SOCIAL AND ECONOMIC OPPORTUNITIES FOR LOWER INCOME RESIDENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1JUBILEE HOUSING, INC LIFE ASSET EXEC DIR BOARD MEMBER RENTAL PROPERTY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE VARIOUS BOARD MEMBERS RECEIVE AN ELECTRONIC VERSION OF THE TAX RETURN BEFORE ITS FILED AND IS VOTED ON ACCORDINGLY FOR ITS ACCEPTANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY B. HAS READ AND UNDERSTANDS THE POLICY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0DC
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt013333
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0425474
IRS990/TotalAssetsEOYAmt0783295
IRS990/TotalAssetsGrp/BOYAmt0425474
IRS990/TotalAssetsGrp/EOYAmt0783295
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0344650
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt028278
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt044874
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0276661
IRS990/TotalFunctionalExpensesGrp/TotalAmt0349813
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt034964
IRS990/TotalLiabilitiesEOYAmt0379334
IRS990/TotalLiabilitiesGrp/BOYAmt034964
IRS990/TotalLiabilitiesGrp/EOYAmt0379334
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0390510
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0403961
IRS990/TotalProgramServiceExpensesAmt0276661
IRS990/TotalProgramServiceRevenueAmt013618
IRS990/TotalReportableCompFromOrgAmt054400
IRS990/TotalRevenueGrp/ExclusionAmt023
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt018591
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0363264
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0425474

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$783,295
Liabilities
$379,334
Net assets
$403,961
Revenue
$363,264
Expenses
$349,813
Net income
$13,451
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.08$3.27$5.80$1.64$1.28$0.36
2023Detailed filing. Detailed filing data is available for this year.$9.44$4.00$5.44$2.09$1.34$0.75
2022Detailed filing. Detailed filing data is available for this year.$6.93$2.23$4.69$2.37$1.30$1.07
2021Detailed filing. Detailed filing data is available for this year.$6.49$2.87$3.62$2.95$1.07$1.88
2020Detailed filing. Detailed filing data is available for this year.$3.93$2.18$1.75$1.68$1.23$0.45
2019Detailed filing. Detailed filing data is available for this year.$3.02$1.72$1.30$1.12$0.72$0.40
2018Detailed filing. Detailed filing data is available for this year.$2.28$1.38$0.90$1.14$0.69$0.45
2017Detailed filing. Detailed filing data is available for this year.$1.24$0.79$0.45$0.49$0.44$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.78$0.38$0.40$0.36$0.35$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.43$0.03$0.39$0.25$0.28$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.43$0.01$0.42$0.15$0.15$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.47$0.05$0.42$0.28$0.11$0.17
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)3 • $500k-$1M nonprofits