Lifespring Residential Ser Inc

Other organization based in New Albany, IN.0 Exempt under §501(c)(3).

MissionLIFESPRING RESIDENTIAL SERVICES, INC WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 20 UNIT APARTMENT COMMUNITY IN NEW ALBANY, INDIANA, KNOWN AS MANOR HOUSE APARTMENTS, PURSUANT TO SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT, AS AMENDED. THE CORPORATION HAS ALSO ENTERED

Financial snapshot · TY 2024

$219K
Total revenue
$169K
Total expenses
$414K
Net assets

Financial health · TY 2024

75
Strong financial health
Composite score out of 100 based on reserve ratio, program efficiency, and revenue diversification.
Reserve ratio
55
9.9 months of expenses
Program efficiency
89
85.7% spent on programs
Revenue diversity
86
Mix of program fees, grants & contributions

No individual compensation data available.

This organization files with the IRS but does not report individual compensation on Form 990 Part VII.

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