Civic Intelligence

Life Net Community Development Corporation

990EZ • Fiscal year 2021 • EIN 91-2145891

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 07, 2022

3349 Rubidoux BlvdRiverside, CA 92509

(951) 684-5433

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2021

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2021

Net Margin

49th percentile

8.1%

Higher net margin than 49% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

94th percentile

195%

Faster asset growth than 94% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

64th percentile

24%

Faster revenue growth than 64% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$914

Up $604 (+195%) from 2020

Net Assets

Up

$914

Up $604 (+195%) from 2020

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$7,450

Up $1,450 (+24%) from 2020

Expenses

Down

$6,846

Down $113 (-1.6%) from 2020

Net Income

Up

$604

Up $1,563 (+163%) from 2020

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0-$50KAssets 2011: $40,926Liabilities 2011: $79,4642011Assets 2012: $52,904Liabilities 2012: $81,633Net Assets 2012: -$28,7292012Assets 2013: $62,904Liabilities 2013: $81,428Net Assets 2013: -$18,5242013Assets 2014: $65,104Liabilities 2014: $93,769Net Assets 2014: -$28,6652014Assets 2015: $52,079Liabilities 2015: $77,233Net Assets 2015: -$25,1542015Assets 2016: $4,707Liabilities 2016: $3,164Net Assets 2016: $1,5432016Assets 2017: $2,502Net Assets 2017: $2,5022017Assets 2018: $935Net Assets 2018: $9352018Assets 2019: $1,269Net Assets 2019: $1,2692019Assets 2020: $310Net Assets 2020: $3102020Assets 2021: $914Net Assets 2021: $9142021Assets 2022: $18,687Net Assets 2022: $18,6872022Assets 2023: $106,004Liabilities 2023: $61,154Net Assets 2023: $44,8502023Assets 2024: $104,849Liabilities 2024: $10,551Net Assets 2024: $94,2982024

Highlighted filing

2021

Assets$914
Liabilities-
Net Assets$914

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2011: $30,675Expenses 2011: $24,177Net Income 2011: $6,4982011Revenue 2012: $26,023Expenses 2012: $16,214Net Income 2012: $9,8092012Revenue 2013: $19,095Expenses 2013: $8,890Net Income 2013: $10,2052013Revenue 2014: $0Expenses 2014: $10,141Net Income 2014: -$10,1412014Revenue 2015: $1,701Expenses 2015: $7,005Net Income 2015: -$5,3042015Revenue 2016: $9,213Expenses 2016: $7,670Net Income 2016: $1,5432016Revenue 2017: $2,167Expenses 2017: $4,133Net Income 2017: -$1,9662017Revenue 2018: $2,135Expenses 2018: $8,268Net Income 2018: -$6,1332018Revenue 2019: $5,000Expenses 2019: $4,666Net Income 2019: $3342019Revenue 2020: $6,000Expenses 2020: $6,959Net Income 2020: -$9592020Revenue 2021: $7,450Expenses 2021: $6,846Net Income 2021: $6042021Revenue 2022: $28,050Expenses 2022: $10,277Net Income 2022: $17,7732022Revenue 2023: $35,000Expenses 2023: $8,837Net Income 2023: $26,1632023Revenue 2024: $102,750Expenses 2024: $16,598Net Income 2024: $86,1522024

Highlighted filing

2021

Revenue$7,450
Expenses$6,846
Net Income$604
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 7, 2022
Return Version
2021v4.0
Gross Receipts
$7,450
Mission and Program Overview

Mission

The organization operates residential group homes for children ages six to twelve with behavioral disorders and family-related problems. The goal of the program is to have the children reach and maintain a level of behavior which will allow them the opportunity to function productively in society. This has been achieved with numerous children and new children have entered the program.

The organization was formed to operate a residential group homes for children ages six to twelve with behavioral disorders and family-related problems. The goal of the program is to have the children reach and maintain a level of behavior which will allow them the opportunity to function productively in society. The program is currently waiting for placements from the state.

Program Services

DescriptionGrantsExpenses
THE ORGANIZATION OPERATION IS DEDICATED TO PROVIDING EDUCATION AND TRAINING IN THE COMMUNITIY AND ECONOMIC DEVELOPMENT, AN TO PROVIDE SOCIAL SERVICE BENEFITS AND SUPPORT TO INDIVIDUALS IN NEED IN UNDERSERVED COMMUNITIES.-$3,597
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
RON M GIBSONBoard Chairman-$0--
ROY L BENNETT SRBoard President-$0--
CARLETTA LOFLINBoard Secretary-$0--
NICOLE FORDBoard Member-$0--
LEO WRIGHTBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Life Net Community Development
EIN
91-2145891
Phone
9516845433
Address
3349 RUBIDOUX BLVD, RIVERSIDE, CA 92509

Signing Officer

Name
Roy L Bennett
Title
Board President
Signed
2022-11-07
Discuss with paid preparer
Yes

Preparer

Firm
Elite Financial Solutions
Address
301 E FOOTHILL BLVD STE 201, ARCADIA, CA 91006
Preparer
William A Harris III
Phone
6262561400
Supplemental Narrative

Additional Explanations

Other Expenses.1

UTILITIES $3654

Other Expenses.2

TELEPHONE $1587

Other Expenses.3

SECURITY $580

Other Expenses.4

PERMITS & LICENSES $454

Other Expenses.5

Repairs and maintenance $96

Raw XML Appendix150 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.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0BOARD CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1BOARD PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2BOARD SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARD MEMBER
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt03597
IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
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IRS990EZ/TaxImposedOnOrganizationMgrAmt00
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IRS990EZ/TypeOfOrganizationCorpInd0X
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt07450
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt06000
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IRS990ScheduleA/SubstantialContributorsTotAmt00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0UTILITIES $3654
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TELEPHONE $1587
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SECURITY $580
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PERMITS & LICENSES $454
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4REPAIRS AND MAINTENANCE $96
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ReturnHeader/Filer/PhoneNum09516845433
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0301 E FOOTHILL BLVD STE 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ARCADIA
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ReturnHeader/PreparerPersonGrp/PhoneNum06262561400
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ReturnHeader/ReturnTs02022-11-07T12:04:45-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ROY L
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BENNETT
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.05$0.11$0.94$1.03$0.17$0.86
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.06$0.61$0.45$0.35$0.09$0.26
2022Detailed filing. Detailed filing data is available for this year.$0.19$0.19$0.28$0.10$0.18
2021Detailed filing. Detailed filing data is available for this year.$0.01$0.01$0.07$0.07$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.06$0.07$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.01$0.01$0.05$0.05$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.01$0.01$0.02$0.08$0.06
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.03$0.03$0.02$0.04$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.05$0.03$0.02$0.09$0.08$0.02
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.52$0.77$0.25$0.02$0.07$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.65$0.94$0.29$0.00$0.10$0.10
2013Detailed filing. Detailed filing data is available for this year.$0.63$0.81$0.19$0.19$0.09$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.82$0.29$0.26$0.16$0.10
2011Summary only. Only limited summary data is available for this year.$0.41$0.79$0.31$0.24$0.06