Lifeline Properties INC: FY2020 Nonprofit Profile & 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/Ce

$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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Provided by the organization

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1 program · in their own filed words · FY2020

01

Organization had no activity in 2019. Seeking new tenant.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

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1The main four

Money inPt VIII

−$19K

Ln 12

Money outPt IX

$0

Ln 25

Owns and owesPt X

$781K

net assets · Ln 32

Cash and savingsLn 1–2$4K

Total assetsLn 16$781K

LiabilitiesLn 26$148

PeoplePt VI, VII

2

listed · VII A

PaidVII A0

Voting boardVI 1a2

IndependentVI 1b2

2In more detail

Revenue in detailPt VIII

Total revenueLn 12−$19K

Assets in detailPt X, end of year

CashLn 1$4K

Cash and savings togetherLn 1–2$4K

Land, buildings, equipmentLn 10c$778K

Total assetsLn 16$781K

LiabilitiesLn 26$148

Net assetsLn 32$781K

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 FY20	End FY20
Cash and savingsLn 1–2	$303	$4K
Land, buildings, equipmentLn 10c	$800K	$778K
Total assetsLn 16	$801K	$781K
LiabilitiesLn 26	$0	$148
Net assetsLn 32	$801K	$781K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Total functional expensesLn 25	$0	$0	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$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 Viewing	−$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 FY2020 990 (6 parts)

Part I · Summary −$19,313 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 −$22,929−$19,313

I-12 Total revenuePrior year −$22,929−$19,313

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 expenses$0

I-18 Total expenses$0

I-19 Revenue less expensesPrior year −$22,929−$19,313

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 −$19,313 across 2 lines filed

VIII-6 Net rental income or lossRelated to mission −$19,313−$19,313

VIII-12 Total revenueRelated to mission −$19,313−$19,313

Part IX · Statement of functional expenses $0 across 0 lines filed

IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$0

Part X · Balance sheet $781,497 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $303$3,996

X-10c Land, buildings and equipment, netStart of year $800,359$777,501

X-16 Total assetsStart of year $800,662$781,497

X-17 Accounts payable and accrued expenses$148

X-26 Total liabilitiesStart of year $0$148

X-27 Net assets without donor restrictionsStart of year $800,662$781,349

X-32 Total net assets or fund balancesStart of year $800,662$781,349

X-33 Total liabilities and net assetsStart of year $800,662$781,497

Part XI · Reconciliation of net assets $781,349 net assets at year end

XI-1 Total revenue−$19,313

XI-2 Total expenses$0

XI-3 Revenue less expenses−$19,313

XI-4 Net assets at start of year$800,662

XI-10 Net assets at end of year$781,349

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Lifeline Properties INC FY2020 filing

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