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Lifeline Properties INC FY2022 filing

Not tax-deductible

Phoenix, AZMutual-benefit / member-servingCommunity Development EIN 86-0913022Revenue −$144 in FY2022Latest return filed Feb 27, 2026

On file with the IRS1055 E Hearn Rd, 85022-4332 · Phoenix, AZTax-exempt since Jun 2014

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Organization holds title and rents property to a non-profit school; provides funds to support fountain of life international church, a 501(c) (3) organization.

Mission: Form 990 Part I, line 1

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $25K a year · 297% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.1M
73% of total assets
Worth a look: liabilities are 73% of assets; over 65%.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
−$144
+95% vs prior year
Spent
$19K
To programs
0%
Net assets
$778K
By yearFY2020–FY2025
Revenue
−$144
FY2022▲ +95%
Tap a bar for its year
Revenue by fiscal year
FY2020−$19K
FY2021−$3K
FY2022−$144
FY2023−$580
FY2024−$221
FY2025$74K
Expenses
$19K
FY2022-0.07%
Tap a bar for its year
Expenses by fiscal year
FY2020$0
FY2021$19K
FY2022$19K
FY2023$19K
FY2024$72K
FY2025$72K
Net assets
$778K
FY2022-0.02%
Tap a bar for its year
Net assets by fiscal year
FY2020$781K
FY2021$778K
FY2022$778K
FY2023$758K
FY2024$648K
FY2025$650K

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

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
See Lifeline Properties INC executive salaries →

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.

Questions for Lifeline Properties INC

Tap to ask. Lifeline Properties INC sees how many people are interested.

Your first name shows with your question. Lifeline Properties INC answers here, for everyone.

1 program · in their own filed words · FY2022
01

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

Pt IX · col B

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
−$144
Ln 12
Money outPt IX
$19K
Ln 25
Owns and owesPt X
$778K
net assets · Ln 32
Cash and savingsLn 1–2$580
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
Total revenueLn 12−$144
Assets in detailPt X, end of year
CashLn 1$580
Cash and savings togetherLn 1–2$580
Land, buildings, equipmentLn 10c$2.8M
Total assetsLn 16$2.8M
LiabilitiesLn 26$2.1M
Net assetsLn 32$778K
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
LineStart FY22End FY22
Cash and savingsLn 1–2$3K$580
Land, buildings, equipmentLn 10c$2.8M$2.8M
Total assetsLn 16$2.8M$2.8M
LiabilitiesLn 26$2.1M$2.1M
Net assetsLn 32$778K$778K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Depreciation, depletion and amortizationLn 22$19K$0$0$0
Total functional expensesLn 25$19K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Feb 27, 2026 $74K$72K$2K$650K 990 PDF
FY2024Filed with the IRS Mar 11, 2025 −$221$72K−$72K$648K 990 PDF
FY2023Filed with the IRS Mar 6, 2024 −$580$19K−$20K$758K 990 PDF
FY2022 ViewingFiled with the IRS Jun 20, 2023 −$144$19K−$19K$778K 990 PDF
FY2021Filed with the IRS Apr 18, 2022 −$3K$19K−$22K$778K 990 PDF
FY2020Filed with the IRS Feb 9, 2021 −$19K$0−$19K$781K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary −$144 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 −$3,125−$144
I-12 Total revenuePrior year −$3,125−$144
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 $19,133$19,119
I-18 Total expensesPrior year $19,133$19,119
I-19 Revenue less expensesPrior year −$22,258−$19,263
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 −$144 across 2 lines filed
VIII-6 Net rental income or lossRelated to mission −$144−$144
VIII-12 Total revenueRelated to mission −$144 · Unrelated business $0 · Excluded from tax $0−$144
Part IX · Statement of functional expenses $19,119 across 1 line filed
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$19,119
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$19,119
Part X · Balance sheet $2,841,905 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $2,579$580
X-10c Land, buildings and equipment, netStart of year $2,841,325$2,841,325
X-16 Total assetsStart of year $2,844,000$2,841,905
X-17 Accounts payable and accrued expensesStart of year $1,952$0
X-26 Total liabilitiesStart of year $2,065,776$2,063,824
X-27 Net assets without donor restrictionsStart of year $778,224$778,081
X-32 Total net assets or fund balancesStart of year $778,224$778,081
X-33 Total liabilities and net assetsStart of year $2,844,000$2,841,905
Part XI · Reconciliation of net assets $778,081 net assets at year end
XI-1 Total revenue−$144
XI-2 Total expenses$19,119
XI-3 Revenue less expenses−$19,263
XI-4 Net assets at start of year$778,224
XI-10 Net assets at end of year$778,081

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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