To promote economic Development and enhance affordable housing in the community of bowling green and warren county, kentucky and to otherwise improve the quality of life in the areas for targeted low-income residents in the areas.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $1.6M a year · 64% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
5 mo
of spending, in cash
Plus $4.7M in investments, Pt X · Ln 11–13
Looks good: 5.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$7.8M
68% of total assets
Worth a look: liabilities are 68% of assets; over 65%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.4M
+150% vs prior year
Spent
$1.7M
To programs
97%
Net assets
$3.7M
By yearFY2020–FY2024
Revenue
$4.4M
FY2023▲ +150%
Tap a bar for its year
Revenue by fiscal year
FY2020$528K
FY2021$594K
FY2022$1.8M
FY2023$4.4M
FY2024$5.6M
Expenses
$1.7M
FY2023▲ +30%
Tap a bar for its year
Expenses by fiscal year
FY2020$402K
FY2021$490K
FY2022$1.3M
FY2023$1.7M
FY2024$709K
Net assets
$3.7M
FY2023▲ +258%
Tap a bar for its year
Net assets by fiscal year
FY2020$563K
FY2021$619K
FY2022$1.0M
FY2023$3.7M
FY2024$7.8M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $1.7M Management & general 3% · $53K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Executive of
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary/Tr
$0Pt VII · Sec A
See Live the Dream Development INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Boosts local economy and affordable housing for low-income residents in Bowling Green and Warren County.

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Provided by the organization

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1 program · $1.7M · in their own filed words · FY2023
01

To promote economic development and enhance affordable housing in the community of bowling green and warren county, kentucky and to otherwise improve the quality of life in the area. Services include buying and rehabilitating homes to sell to their targeted population groups under the federal hud guidelines, as well as, teaching home…

$1.7Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$15K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$4.4M
Ln 12
Gifts and grantsLn 1h$3.4M
Fees for servicesLn 2g$832K
Other incomeLn 4–11$100K
Money outPt IX
$1.7M
Ln 25
Programscol B$1.7M
Managementcol C$53K
Owns and owesPt X
$3.7M
net assets · Ln 32
Cash and savingsLn 1–2$774K
Total assetsLn 16$11.6M
LiabilitiesLn 26$7.8M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.4M
Government grantsLn 1e$3.3M
Fees for servicesLn 2g$832K
Investment incomeLn 3$56K
Other incomeLn 4–11$100K
Total revenueLn 12$4.4M
Assets in detailPt X, end of year
CashLn 1$774K
Cash and savings togetherLn 1–2$774K
InvestmentsLn 11–13$4.7M
Land, buildings, equipmentLn 10c$5.1M
Total assetsLn 16$11.6M
LiabilitiesLn 26$7.8M
Net assetsLn 32$3.7M
OperationsPt I, VI
EmployeesI 51
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$1.1M$774K
InvestmentsLn 11–13$4.9M$4.7M
Land, buildings, equipmentLn 10c$2.7M$5.1M
Total assetsLn 16$8.9M$11.6M
LiabilitiesLn 26$7.8M$7.8M
Net assetsLn 32$1.0M$3.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$7K$7K
Other employee benefitsLn 9$514$514
Accounting feesLn 11c$41K$41K
OccupancyLn 16$404$404
InterestLn 20$81K$81K
Depreciation, depletion and amortizationLn 22$115K$115K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$1.5M$1.5M$12K
All other expensesLn 24e$5K$5K$41
Total functional expensesLn 25$1.7M$1.7M$53K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $5.6M$709K$4.9M$7.8M 990 PDF
FY2023 Viewing $4.4M$1.7M$2.7M$3.7M 990 PDF
FY2022 $1.8M$1.3M$416K$1.0M 990 PDF
FY2021 $594K$490K$104K$619K 990 PDF
FY2020 $528K$402K$125K$563K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $4,416,551 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $790,499$3,428,152
I-9 Program service revenuePrior year $858,543$832,476
I-10 Investment incomePrior year $15,305$55,842
I-11 Other revenuePrior year $100,000$100,081
I-12 Total revenuePrior year $1,764,347$4,416,551
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $4,495$7,265
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,344,129$1,740,205
I-18 Total expensesPrior year $1,348,624$1,747,470
I-19 Revenue less expensesPrior year $415,723$2,669,081
Part VI · Governance 4 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $4,416,551 across 7 lines filed
VIII-1e Government grants$3,273,237
VIII-1f All other contributions, gifts and grants$154,915
VIII-1h Total contributions, gifts and grants$3,428,152
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $832,476$832,476
VIII-3 Investment incomeRelated to mission $55,842$55,842
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $81 · Excluded from tax $100,000$100,081
VIII-12 Total revenueRelated to mission $888,399 · Excluded from tax $100,000$4,416,551
Part IX · Statement of functional expenses $1,747,470 across 9 lines filed
IX-7 Other salaries and wagesPrograms $6,751$6,751
IX-9 Other employee benefitsPrograms $514$514
IX-11c Accounting feesManagement $41,125$41,125
IX-16 OccupancyPrograms $404$404
IX-20 InterestPrograms $80,565$80,565
IX-22 Depreciation, depletion and amortizationPrograms $115,496$115,496
IX-23 InsurancePrograms $9,333$9,333
IX-24 Other expenses (24a–d)Programs $1,476,118 · Management $12,087$1,488,205
IX-24e All other expensesPrograms $5,036 · Management $41$5,077
IX-25 Total functional expensesPrograms $1,694,217 · Management $53,253 · Fundraising $0$1,747,470
Part X · Balance sheet $11,551,136 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $1,052,345$774,497
X-4 Accounts receivableStart of year $268,366$886,101
X-10c Land, buildings and equipment, netStart of year $2,676,623$5,148,302
X-13 Program-related investmentsStart of year $4,855,844$4,742,236
X-16 Total assetsStart of year $8,853,178$11,551,136
X-19 Deferred revenueStart of year $1,000,000$1,377,409
X-25 Other liabilitiesStart of year $386,371$387,711
X-26 Total liabilitiesStart of year $7,818,228$7,847,105
X-27 Net assets without donor restrictionsStart of year $1,034,950$3,704,031
X-32 Total net assets or fund balancesStart of year $1,034,950$3,704,031
X-33 Total liabilities and net assetsStart of year $8,853,178$11,551,136
Part XI · Reconciliation of net assets $3,704,031 net assets at year end
XI-1 Total revenue$4,416,551
XI-2 Total expenses$1,747,470
XI-3 Revenue less expenses$2,669,081
XI-4 Net assets at start of year$1,034,950
XI-10 Net assets at end of year$3,704,031

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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