Live The Dream Development Inc
Live The Dream Development Inc shows rapid revenue growth and zero reported officer compensation, but carries significant liabilities.
EIN: 200584291 · Bowling Green, KY · NTEE: L25 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.6M |
| Total Expenses | $1.7M |
| Program Spending | 85% |
| Net Assets | $3.7M |
| Transparency Score | 85/100 |
Is Live The Dream Development Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Live The Dream Development Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Live The Dream Development Inc
Live The Dream Development Inc (EIN: 200584291) is a nonprofit organization based in Bowling Green, KY, classified under NTEE code L25. The organization reported total revenue of $5.6M and total assets of $15.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Live The Dream Development Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Live The Dream Development Inc is a mid-size nonprofit that has been operating for 22 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 62.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.4M |
| Total Expenses | $1.7M |
| Surplus / Deficit | +$2.7M |
| Total Assets | $11.6M |
| Total Liabilities | $7.8M |
| Net Assets | $3.7M |
| Operating Margin | 60.4% |
| Debt-to-Asset Ratio | 67.9% |
| Months of Reserves | 79.3 months |
Financial Health Grade: A
In 2023, Live The Dream Development Inc reported a surplus of $2.7M with revenue exceeding expenses, holds 79.3 months of operating reserves (strong position), has a debt-to-asset ratio of 67.9% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Live The Dream Development Inc's revenue has grown at a compound annual growth rate (CAGR) of 62.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +150.3% | +29.6% | +30.5% |
| 2022 | +197.1% | +175.0% | +11.6% |
| 2021 | +12.5% | +21.8% | +8.1% |
| 2020 | +122.0% | +20.0% | +0.9% |
| 2019 | -36.2% | +2.5% | +18.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Live The Dream Development Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Live The Dream Development Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 67.9%.
Executive Compensation Analysis
Live The Dream Development Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its size and growth, and suggests a strong commitment to directing funds to its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Live The Dream Development Inc's IRS 990 filings:
- High liabilities relative to assets, consistently exceeding 60% in recent years (e.g., $7.8M liabilities vs. $11.5M assets in 2023), which could indicate significant debt burden or complex financing structures.
- Lack of detailed functional expense breakdown in summary data makes it difficult to fully assess spending efficiency beyond overall expenses.
Strengths
The following positive indicators were identified for Live The Dream Development Inc:
- Rapid and consistent revenue growth, from $144,665 in 2014 to $4,416,551 in 2023, demonstrating strong financial development.
- Consistent reporting of 0% officer compensation across all filings, indicating a highly efficient use of funds by not allocating resources to executive salaries.
- Significant asset growth, from $4,353,070 in 2014 to $11,551,136 in 2023, suggesting successful capital accumulation for its mission.
- Positive net income in recent years (e.g., $4.4M revenue vs. $1.7M expenses in 2023), contributing to financial stability and growth.
Frequently Asked Questions about Live The Dream Development Inc
Is Live The Dream Development Inc a legitimate charity?
Live The Dream Development Inc (EIN: 200584291) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $5.6M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Live The Dream Development Inc spend its money?
Live The Dream Development Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Live The Dream Development Inc tax-deductible?
Live The Dream Development Inc is registered as a tax-exempt nonprofit (EIN: 200584291). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Live The Dream Development Inc's spending goes to programs?
Live The Dream Development Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Live The Dream Development Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Live The Dream Development Inc is above average for NTEE category L25 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Live The Dream Development Inc located?
Live The Dream Development Inc is headquartered in Bowling Green, Kentucky and files with the IRS under EIN 200584291. It is classified under NTEE code L25.
How many years of IRS 990 filings does Live The Dream Development Inc have?
Live The Dream Development Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5.6M in total revenue.
What is the nature of Live The Dream Development Inc's significant liabilities?
The filings show liabilities of $7,847,105 against assets of $11,551,136 in 2023. Given the NTEE code L25 (Housing Development, Construction & Management), these liabilities likely relate to mortgages, construction loans, or other financing for housing projects, which is common for organizations in this sector.
How does Live The Dream Development Inc manage to operate without officer compensation?
The consistent reporting of 0% officer compensation suggests that executive leadership may be entirely volunteer-based, compensated through a related entity not reported on the 990, or that the organization's structure allows for operations without direct officer salaries, which is a notable aspect of its financial model.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided summary data does not offer a detailed functional expense breakdown. To understand the exact allocation of funds, one would need to review Part IX of the full IRS Form 990 for each year.
Filing History
IRS 990 filing history for Live The Dream Development Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Live The Dream Development Inc's revenue has grown by 54689.1%, moving from $8K to $4.4M. Total assets increased by 790.3% over the same period, from $1.3M to $11.6M. Total functional expenses rose by 11675.4%, from $15K to $1.7M. In its most recent filing year (2023), Live The Dream Development Inc reported a surplus of $2.7M, with revenue exceeding expenses. The organization holds $7.8M in liabilities against $11.6M in assets (debt-to-asset ratio: 67.9%), resulting in net assets of $3.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.4M | $1.7M | $11.6M | $7.8M | — | — |
| 2022 | $1.8M | $1.3M | $8.9M | $7.8M | — | View 990 |
| 2021 | $594K | $490K | $7.9M | $7.3M | — | View 990 |
| 2020 | $528K | $402K | $7.3M | $6.8M | — | View 990 |
| 2019 | $238K | $335K | $7.3M | $6.8M | — | View 990 |
| 2018 | $373K | $327K | $6.1M | $5.7M | — | View 990 |
| 2017 | $115K | $103K | $4.5M | $4.1M | — | View 990 |
| 2016 | $202K | $196K | $4.4M | $4.1M | — | View 990 |
| 2015 | $256K | $238K | $4.4M | $4.0M | — | View 990 |
| 2014 | $145K | $152K | $4.4M | $4.0M | — | View 990 |
| 2013 | $15K | $32K | $4.3M | $3.9M | — | View 990 |
| 2012 | $119K | $41K | $4.2M | $3.8M | — | View 990 |
| 2011 | $250K | $268K | $4.1M | $3.8M | — | View 990 |
| 2010 | $8K | $15K | $1.3M | $980K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.4M, expenses of $1.7M, and assets of $11.6M (revenue +150.3% year-over-year).
- 2022: Revenue of $1.8M, expenses of $1.3M, and assets of $8.9M (revenue +197.1% year-over-year).
- 2021: Revenue of $594K, expenses of $490K, and assets of $7.9M (revenue +12.5% year-over-year).
- 2020: Revenue of $528K, expenses of $402K, and assets of $7.3M (revenue +122.0% year-over-year).
- 2019: Revenue of $238K, expenses of $335K, and assets of $7.3M (revenue -36.2% year-over-year).
- 2018: Revenue of $373K, expenses of $327K, and assets of $6.1M (revenue +225.0% year-over-year).
- 2017: Revenue of $115K, expenses of $103K, and assets of $4.5M (revenue -43.3% year-over-year).
- 2016: Revenue of $202K, expenses of $196K, and assets of $4.4M (revenue -21.1% year-over-year).
- 2015: Revenue of $256K, expenses of $238K, and assets of $4.4M (revenue +77.0% year-over-year).
- 2014: Revenue of $145K, expenses of $152K, and assets of $4.4M (revenue +854.9% year-over-year).
- 2013: Revenue of $15K, expenses of $32K, and assets of $4.3M (revenue -87.2% year-over-year).
- 2012: Revenue of $119K, expenses of $41K, and assets of $4.2M (revenue -52.5% year-over-year).
- 2011: Revenue of $250K, expenses of $268K, and assets of $4.1M (revenue +2997.0% year-over-year).
- 2010: Revenue of $8K, expenses of $15K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Live The Dream Development Inc:
Data Sources and Methodology
This transparency report for Live The Dream Development Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.