Overview
What is The Life Center Land Holdings Llc?
The Life Center Land Holdings Llc is a nonprofit organization located at 2324 Coteau Road, Houma, Louisiana 70364. Its primary role is to maintain possession of a church's property, generate income from it, and subsequently transfer the net earnings, after deducting expenses, to its affiliated entity, namely, The Life Church of Houma. By performing this function, the organization effectively supports the religious operations of its partner church.
Is The Life Center Land Holdings Llc legitimate?
The Life Center Land Holdings Llc is a legitimate nonprofit organization registered as a 501(c)(2) entity. The Life Center Land Holdings Llc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Life Center Land Holdings Llc?
The Life Center Land Holdings LLC's mission involves holding the title to a church's property and generating income from it. The primary objective is to then distribute the net income, after deducting expenses, to its affiliated entity, the Life Church of Houma. This structure allows the church to focus on its religious activities, while The Life Center Land Holdings LLC manages and monetizes the property. This arrangement ensures that the church receives a steady income source to support its operations.
Who is the CEO of The Life Center Land Holdings Llc?
Chad Ducote is the President of The Life Center Land Holdings Llc.
What is the revenue of The Life Center Land Holdings Llc?
The Life Center Land Holdings Llc's revenue in 2022 was $18,993.
Who are the executives of The Life Center Land Holdings Llc and what are their salaries?
There 3 volunteers at The Life Center Land Holdings Llc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Life Center Land Holdings Llc?
The Life Center Land Holdings Llc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Life Center Land Holdings Llc
The Life Center Land Holdings LLC, as a mission-driven organization, is primarily responsible for holding the title to a church's property. This entity collects income generated from the property and meticulously deducts any necessary expenses before transferring the remaining funds, in its entirety, to its affiliated organization, the Life Church of Houma. In essence, The Life Center Land Holdings LLC serves as a financial intermediary, ensuring the smooth financial operations of the church while ensuring that the majority of the income generated from the property is channeled towards its intended use.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Life Center Land Holdings LLC plays a crucial role in supporting the Life Church of Houma by managing the church property and its associated income. By holding title to the property, the organization ensures that the church has a stable asset from which it can derive financial support. The income generated is collected and transferred to the Life Church, after covering necessary expenses, enhancing the church's ability to carry out its mission and community activities.
In addition to providing financial resources, the Land Holdings LLC contributes to the economic stability of the region by creating employment opportunities related to the management and maintenance of the church property. This positive impact extends to the community by enabling the Life Church to focus on its outreach and support initiatives, thereby fostering a greater sense of community involvement and collaboration.
This information is meant to be a general summary of The Life Center Land Holdings Llc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $35,393
Assets and Liabilities:
- Total Assets: $1,876,975
- Total Liabilities: $1,860,223
- Net Assets: $16,752
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2012
Phone
(985) 851-2222Principal Officer
Chad Ducote
Main Address
2324 Coteau Rd, Houma, LA, 703643700
NTEE Category
Code: J11 - Employment
If you are a representative of The Life Center Land Holdings Llc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.