Overview
What is Lancaster Landing Inc?
Lancaster Landing Inc is a South Carolina-based nonprofit corporation, established in accordance with the state's not-for-profit laws. Its mission is to operate a 16-unit community named Lancaster Landing located in Lancaster, South Carolina. This community provides housing for low-income individuals with disabilities, in compliance with Section 811 of the National Housing Act. The corporation's purpose is to create a supportive living environment for those in need, aiming to improve their quality of life.
What are the reviews and ratings of this charity?
79% - Three-Star out of Four Star rating
Lancaster Landing Inc has achieved a 79% rating, which reflects a solid performance in terms of accountability and finance. The organization received full marks for having an entirely independent board and for maintaining key policies such as conflict of interest and whistleblower protections. Its high program expense ratio of 72.27% indicates that a significant portion of its expenditures goes directly towards its programs.
However, the organization faces challenges with its liabilities to assets ratio, which stands at 148.69%. This suggests that the liabilities exceed its assets, potentially raising concerns about its financial stability. Despite this limitation, the strengths in governance and financial practices highlight a commitment to transparency and accountability.
Overall, while Lancaster Landing Inc exhibits strong organizational practices, the high liabilities relative to assets is a critical area that stakeholders should monitor. The rating signifies a reliable charity, but continued focus on financial health will be essential for its future sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Lancaster Landing Inc legitimate?
Lancaster Landing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lancaster Landing Inc 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:
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What is the mission statement of Lancaster Landing Inc?
Lancaster Landing Inc is a non-profit organization established in accordance with South Carolina's not-for-profit statutes, dedicated to providing housing for low-income individuals with disabilities. The organization operates a 16-unit community known as Lancaster Landing, in compliance with Section 811 of the National Housing Act. The primary goal of Lancaster Landing Inc is to offer a living space that caters to the needs of those with disabilities, aiming to provide a supportive and inclusive environment for its residents.
Who is the CEO of Lancaster Landing Inc?
Cherie Mabrey is the President of Lancaster Landing Inc.
What is the revenue of Lancaster Landing Inc?
Lancaster Landing Inc's revenue in 2022 was $131,544.
Who are the executives of Lancaster Landing Inc and what are their salaries?
Here are 14 key members and their salaries:
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Where can I find the form 990 for Lancaster Landing Inc?
Lancaster Landing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lancaster Landing Inc
Lancaster Landing Inc, a not-for-profit corporation, was established with the aim of providing housing for low-income individuals with disabilities. This organization, founded in accordance with the not-for-profit statutes of South Carolina, operates a 16-unit community known as Lancaster Landing. The corporation's mission is centered around the Section 811 of the National Housing Act, as amended, which enables Lancaster Landing to offer a safe and supportive living environment for those in need. By doing so, Lancaster Landing Inc contributes significantly to the well-being of its residents, offering them a chance at independent living and a chance to thrive.
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Impact
June, 2024
Lancaster Landing Inc's impact lies in its provision of affordable housing for low-income individuals with disabilities at its 16-unit community in Lancaster, South Carolina. By offering this housing option in accordance with Section 811 of the National Housing Act, the organization plays a vital role in supporting individuals with disabilities in accessing suitable and secure living arrangements. Through its mission-driven approach, Lancaster Landing Inc contributes to enhancing the quality of life for its residents and positively impacting the community by addressing the housing needs of a vulnerable population, ultimately promoting mental health and well-being.
This information is meant to be a general summary of Lancaster Landing Inc. 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.
- Investment Income: $37
- Program Service Revenue: $32,532
- Gross Receipts: $131,544
Assets and Liabilities:
- Total Assets: $777,007
- Total Liabilities: $1,103,345
- Net Assets: -$326,338
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$32,532
Organization Details
Founding Year
2002
Phone
(803) 536-1056Principal Officer
Cherie Mabrey
Main Address
401 HARBISON BLVD 3A, COLUMBIA, SC, 29212
NTEE Category
Code: F33 - Mental health
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