Overview
What is Lebanese Community Housing For The Elderly Inc?
Lebanese Community Housing for the Elderly Inc. is a nonprofit organization situated in Methuen, Massachusetts, specifically at 222 Pelham Street. Their primary mission is to offer housing solutions to low-income elderly and handicapped individuals, ensuring approximately 50 clients receive support. By providing 40 apartment units, they contribute to the community's well-being and ensure a suitable living environment for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, Two-Star out of Four Star rating
Lebanese Community Housing For The Elderly Inc has received a two-star rating from Charity Navigator, indicating room for improvement in accountability and financial practices. While the organization boasts a high percentage of independent board members and has a robust audit and oversight committee, it lacks essential policies such as a whistleblower policy and document retention procedures, which could enhance transparency.
Financially, the organization has a strong program expense ratio, with 90.01% of its expenses allocated to programs, suggesting a commitment to its mission. However, the liabilities to assets ratio of 252.68% raises concerns about the organization's financial health and sustainability. The absence of a posted tax form on its website may hinder potential donors' ability to assess its financial information adequately.
Overall, while Lebanese Community Housing For The Elderly Inc shows strengths in governance and program spending, the missing policies and high liability ratio are significant limitations that need to be addressed for improved accountability and donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Lebanese Community Housing For The Elderly Inc legitimate?
Lebanese Community Housing For The Elderly Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lebanese Community Housing For The Elderly 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.
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What is the mission statement of Lebanese Community Housing For The Elderly Inc?
Lebanese Community Housing For The Elderly Inc's mission is focused on providing housing solutions for low-income elderly and handicapped individuals. This non-profit organization strives to accommodate approximately 50 such individuals by renting out 40 units. Their core objective is to ensure that these vulnerable individuals have a suitable living space, contributing to their comfort and wellbeing.
Who is the CEO of Lebanese Community Housing For The Elderly Inc?
Christine Touma-Conway is the President of Lebanese Community Housing For The Elderly Inc.
What is the revenue of Lebanese Community Housing For The Elderly Inc?
Lebanese Community Housing For The Elderly Inc's revenue in 2022 was $887,299.
Who are the executives of Lebanese Community Housing For The Elderly Inc and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Lebanese Community Housing For The Elderly Inc?
Lebanese Community Housing For The Elderly Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lebanese Community Housing For The Elderly Inc
Lebanese Community Housing For The Elderly Inc is dedicated to providing housing solutions for low-income elderly and handicapped individuals. Their mission is to offer suitable living spaces for this specific group, serving approximately 50 clients through 40 apartment units. By doing so, this organization contributes to the well-being and security of these individuals, enabling them to live with dignity and independence.
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Impact
July, 2024
Lebanese Community Housing For The Elderly Inc directly impacts the lives of low-income elderly and handicapped individuals by providing them with affordable housing. With 40 apartment units rented out in Methuen, MA, approximately 50 clients are served through this initiative. By offering a safe and stable living environment, this organization enables vulnerable individuals to access essential housing services, fostering a sense of security and well-being within the community.
This information is meant to be a general summary of Lebanese Community Housing For The Elderly 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: $6,421
- Program Service Revenue: $174,328
- Gross Receipts: $887,299
Assets and Liabilities:
- Total Assets: $945,115
- Total Liabilities: $2,388,197
- Net Assets: -$1,443,082
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW INCOME RENTAL REVE
Revenue
$174,328
Organization Details
Founding Year
1981
Phone
(978) 681-8845Principal Officer
Christine Touma-Conway
Main Address
222 PELHAM STREET, METHUEN, MA, 01844
NTEE Category
Code: L22 - Housing
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