Lydias Place Inc
Nonprofit profile at a glance
- EIN
- 822086532
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024, Form 990-EZ 2019, Form 990-N 2018
- Location
- Watkinsville, GA, USA
- Phone
- 6783899875
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Residential Care & Adult Day Programs
Reported finances
- Revenue
- $1,195,666
- Expenses
- $691,766
- Assets
- $1,310,297
- Liabilities
- $8,958
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- SHANNON RICHARDS (President)
- ROBIN WOODALL (PAST PRESIDENT)
People named in this filing
- REBECCA SCHAFFER (BOARD MEMBER)
- BETTY JO WALTON (BOARD MEMBER)
- SHANNON RICHARDS (President)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization demonstrates god's love by providing basic living needs to young adults age 17 to 24 who have experienced foster care or homelessness while also promoting their growth to independence.
What it reported doing in 2024
Lydia's place provides housing in its mission to meet basic living needs for program participants. Four units are operational at lydia's homeplace, a quadiplex building rented by lydia's place through agreeement with the local habitat for humanity organization. Four other units are operational at the arch village, through sublease agreements between lydia's place and a local homeless shelter organization. The housing provides a secure and steady environment as students begin their path to living independently without having to deal with co-signers, deposits, and high rent costs.
Operating model
- Revenue model
- Donor-supported. 81% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 64
- Transparency & Controls: 92
- Accountability: 90
- Sustainability: 79
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 47.1%; rating input score 47
- Program expense ratio: 80.3%; rating input score 80
- Fundraising efficiency: $1,865.39 raised per $1 spent on fundraising; rating input score 99; 99th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 92.3%; rating input score 92; 24th percentile among comparable filings
- Governance controls: 6 of 7 controls in place; rating input score 86
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 42.1%; rating input score 90; 90th percentile among comparable filings
- Total-asset coverage ratio: 1.89; rating input score 63; 63rd percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 71; 71st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 18.2% per year; rating input score 100; 80th percentile among comparable filings
- Revenue growth: 31.1% per year; rating input score 100; 93rd percentile among comparable filings
- Asset growth: 41.2% per year; rating input score 100; 95th percentile among comparable filings
Details
- Where the money goes: 47.1% of revenue deployed · 80.3% of spending went to programs
- Governance: 12 of 13 board members independent · 6 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $555K in reported program spending
- Leadership: top reported pay $0 · 13 people listed
- Consistency: 31 of 31 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 47/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.