LIFEARK COMMUNITY INC

EIN: 834264450 501(c)(3) Housing & Shelter

DUARTE, CA

Total Revenue
$250,086
Total Expenses
$205,175
Total Assets
$55,911
Net Assets
$44,911
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2019
Phone
6265359370
Tax Period
2019-01-01 to 2019-12-31

LIFEARK COMMUNITY INC, founded in 2019, is a small nonprofit in the Housing & Shelter sector that reported $250K in total revenue in fiscal year 2019. The organization ran a surplus of $45K, a strong 18% operating margin.

Mission

TO SERVE FAMILIES AND COMMUNITIES IN DEVELOPING AFFORDABLE HOUSING BY BUILDING RELATIONSHIPS AND CREATING SUSTAINABLE SOLUTIONS, SPECIFICALLY FOR THE GROWING HOMELESS POPULATION.

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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 (2019)

Revenue Breakdown

Contributions & Grants $250,086
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $250,086

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $205,175
TOTAL EXPENSES $205,175

Year-over-Year Comparison

2019 2018 Change
Revenue $250,086 N/A N/A
Expenses $205,175 N/A N/A
Net Income $44,911 N/A N/A
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
N/A

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
3
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HENRY HONG Director 4.00
Director
$0 $0 $0
DREW GARCIA Director 4.00
Director
$0 $0 $0
CHARLES WEE President & CEO 15.00
Officer
$0 $0 $0
REBECCA WEE CFO & TREASURER 10.00
Officer
$0 $0 $0
PAUL CHO Secretary 4.00
Officer
$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
2019 $250,086 $205,175 $55,911 $44,911
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