Lifeline Properties INC: Nonprofit Profile, Financials & Form 990 (EIN 86-0913022)

Revenue by fiscal year
FY2020	−$19K
FY2021	−$3K
FY2022	−$144
FY2023	−$580
FY2024	−$221
FY2025	$74K

Expenses by fiscal year
FY2020	$0
FY2021	$19K
FY2022	$19K
FY2023	$19K
FY2024	$72K
FY2025	$72K

Net assets by fiscal year
FY2020	$781K
FY2021	$778K
FY2022	$778K
FY2023	$758K
FY2024	$648K
FY2025	$650K

Is it real?

Yes. Revoked May 2010, reinstated. IRS ruling Jun 2014, per the IRS master file. Latest filing on record: FY2025. IRS ruling in Jun 2014.

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

Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation

Don Faust

Treasurer

$0Pt VII · Sec A

Joseph Skeens

President/CEO

$0Pt VII · Sec A

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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

Owns and rents property to a school, funding a church.

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1 program · in their own filed words · FY2025

01

The Organization leases property to a non profit school. The funds are used to support Fountain of Life International Church.

Pt IX · col B

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$74K

Ln 12

Other incomeLn 4–11$74K

Money outPt IX

$72K

Ln 25

Owns and owesPt X

$650K

net assets · Ln 32

Cash and savingsLn 1–2$115K

Total assetsLn 16$2.8M

LiabilitiesLn 26$2.1M

PeoplePt VI, VII

2

listed · VII A

PaidVII A0

Voting boardVI 1a2

IndependentVI 1b2

2In more detail

Revenue in detailPt VIII

Other incomeLn 4–11$74K

Total revenueLn 12$74K

Assets in detailPt X, end of year

CashLn 1$115K

Cash and savings togetherLn 1–2$115K

Land, buildings, equipmentLn 10c$2.6M

Total assetsLn 16$2.8M

LiabilitiesLn 26$2.1M

Net assetsLn 32$650K

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$30K	$115K
Land, buildings, equipmentLn 10c	$2.7M	$2.6M
Total assetsLn 16	$2.7M	$2.8M
LiabilitiesLn 26	$2.1M	$2.1M
Net assetsLn 32	$648K	$650K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Depreciation, depletion and amortizationLn 22	$72K	$0	$0	$0
Total functional expensesLn 25	$72K	$0	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$74K	$72K	$2K	$650K	990 PDF
FY2024	−$221	$72K	−$72K	$648K	990 PDF
FY2023	−$580	$19K	−$20K	$758K	990 PDF
FY2022	−$144	$19K	−$19K	$778K	990 PDF
FY2021	−$3K	$19K	−$22K	$778K	990 PDF
FY2020	−$19K	$0	−$19K	$781K	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 FY2025 990 (6 parts)

Part I · Summary $74,062 revenue, 12 lines filed

I-8 Contributions and grants$0

I-9 Program service revenue$0

I-10 Investment income$0

I-11 Other revenuePrior year −$221$74,062

I-12 Total revenuePrior year −$221$74,062

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $71,938$71,938

I-18 Total expensesPrior year $71,938$71,938

I-19 Revenue less expensesPrior year −$72,159$2,124

Part VI · Governance 2 of 2 board members independent, 4 to look at

VI-1a Voting members of the governing body2

VI-1b Independent voting members2

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $74,062 across 2 lines filed

VIII-6 Net rental income or lossRelated to mission $74,062$74,062

VIII-12 Total revenueRelated to mission $74,062 · Unrelated business $0 · Excluded from tax $0$74,062

Part IX · Statement of functional expenses $71,938 across 1 line filed

IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$71,938

IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$71,938

Part X · Balance sheet $2,755,269 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $30,000$115,091

X-10c Land, buildings and equipment, netStart of year $2,712,116$2,640,178

X-16 Total assetsStart of year $2,742,361$2,755,269

X-24 Unsecured notes and loans payableStart of year $466$1,250

X-25 Other liabilitiesStart of year $30,000$40,000

X-26 Total liabilitiesStart of year $2,094,290$2,105,074

X-27 Net assets without donor restrictionsStart of year $648,071$650,195

X-32 Total net assets or fund balancesStart of year $648,071$650,195

X-33 Total liabilities and net assetsStart of year $2,742,361$2,755,269

Part XI · Reconciliation of net assets $650,195 net assets at year end

XI-1 Total revenue$74,062

XI-2 Total expenses$71,938

XI-3 Revenue less expenses$2,124

XI-4 Net assets at start of year$648,071

XI-10 Net assets at end of year$650,195

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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