Low Income Family Empowerment Inc

EIN: 261349896 501(c)(3) Human Services

Westminster, CO

Total Revenue
$78,172
Total Expenses
$207,732
Total Assets
$369,209
Net Assets
$282,371
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
CO
Principal Officer
Peter Lifari
Phone
3032272075
Tax Period
2023-01-01 to 2023-12-31

Low Income Family Empowerment Inc, founded in 2008, is a micro nonprofit in the Human Services sector that reported $78K in total revenue in fiscal year 2023. Revenue fell 82% from the prior year — a significant decline worth monitoring. Expenses of $208K exceeded revenue, resulting in a 166% operating deficit.

Mission

To empower low-income individuals and families to achieve and maintain self-sufficiency by enhancing the service delivery system through building capacity and collaboration with community partners.

Program Service Accomplishments

Program 1
Expenses: $194,906

In 2022 Maiker Housing Partners Fund (MHP Fund) received a 3 year grant from the Colorado Health Foundation to create Southwest Adams County Collaborative Training & Community Organizing Institute...

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In 2022 Maiker Housing Partners Fund (MHP Fund) received a 3 year grant from the Colorado Health Foundation to create Southwest Adams County Collaborative Training & Community Organizing Institute. Its purpose is to develop and strengthen long-term community resilience and organizing capacity by working with southwest Adams County communities to address the racial and social inequities that exist for communities of color and those living in poverty. While funding came in late 2022 the program started in 2023.In 2023, MHP Fund also received $2,000 from Denver Foundation for Technical assistance and $40,000 from CO Center on Law and Policy for Family and Community Vitality program Voices for Action.

Program 2
Expenses: $6,112

The Community Garden project -Started in 2021, the community garden project includes 21 planter boxes in a quarter acre plot and is funded, run, and managed by Maiker Housing Partner residents. At...

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The Community Garden project -Started in 2021, the community garden project includes 21 planter boxes in a quarter acre plot and is funded, run, and managed by Maiker Housing Partner residents. At the end of each season they hold a harvest festival sharing the produce and recipes among community members.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $66,888
Program Service Revenue $0
Investment Income $11,284
Other Revenue $0
TOTAL REVENUE $78,172

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $201,018
Other Expenses $207,732
TOTAL EXPENSES $207,732

Year-over-Year Comparison

2023 2022 Change
Revenue $78,172 $446,511 -0.8%
Expenses $207,732 $25,642 +7.1%
Net Income $-129,560 $420,869 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Peter LiFari Board President 0.10
Officer Director
$0 $0 $0
Hannah Brown Board Member 0.10
Director
$0 $0 $0
Veronica Perez Board Member 0.10
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $78,172 $207,732 $369,209 $-129,560
2022 $446,511 $25,642 $508,725 $420,869
2021 $222,118 $221,285 $95,863 $833
2020 $187,664 $194,160 $79,903 $-6,496
2019 $200,984 $204,795 $73,542 $-3,811
2018 $290,294 $297,192 $143,293 $-6,898
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