Overview
What is Lacasa Development Corporation?
Lacasa Development Corporation is a nonprofit organization situated in Providence, Rhode Island, specifically at 861A Broad St, 02907. Their primary mission is to provide affordable housing solutions for the elderly and disabled community in the South Kingston area, adhering to Section 202 of the National Affordable Housing Act. To achieve this, they own and manage a 50-unit apartment complex, offering a secure living environment for their intended demographic. The organization's activities and mission are centered around the provision of affordable housing, ensuring vulnerable individuals in their community have access to suitable and supportive living arrangements.
Official website here: www.wdchoc.org
Is Lacasa Development Corporation legitimate?
Lacasa Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lacasa Development Corporation 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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Professional Fundraising Fees: $0
Other Salaries and Wages: $116,643
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Official website here: www.wdchoc.org
What is the mission statement of Lacasa Development Corporation?
Lacasa Development Corporation is committed to providing affordable housing for senior citizens and individuals with disabilities, adhering to Section 202 of the National Affordable Housing Act. Their mission is to ensure that low-income individuals in this specific demographic have access to suitable housing options. The corporation operates a 50-unit apartment complex, demonstrating their dedication to this cause. By providing affordable housing, Lacasa Development Corporation aims to enhance the quality of life for its residents, offering them a secure and comfortable living environment.
Official website here: www.wdchoc.org
Who is the CEO of Lacasa Development Corporation?
Frank Shea is the Chair of Lacasa Development Corporation.
Official website here: www.wdchoc.org
What is the revenue of Lacasa Development Corporation?
Lacasa Development Corporation's revenue in 2021 was $394,557.
Official website here: www.wdchoc.org
Who are the executives of Lacasa Development Corporation and what are their salaries?
Here are 8 key members and their salaries:
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Official website here: www.wdchoc.org
Where can I find the form 990 for Lacasa Development Corporation?
Lacasa Development Corporation's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.wdchoc.org
Learn more at the official website: www.wdchoc.org
Mission Statement of Lacasa Development Corporation
Lacasa Development Corporation, a nonprofit organization, is committed to providing affordable housing for senior citizens and individuals with disabilities. In line with Section 202 of the National Affordable Housing Act, its mission is to offer low-income housing options in an unspecified locale. This mission is carried out through the operation of a 50-unit apartment complex, providing a safe and comfortable living environment for the elderly and disabled individuals who are in need of such accommodations. By providing these housing solutions, Lacasa Development Corporation plays a vital role in ensuring that these vulnerable populations have access to decent and affordable housing, thereby improving their overall quality of life.
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Impact
October, 2024
Lacasa Development Corporation significantly impacts the South Kingstown community by addressing the critical need for affordable housing specifically tailored for senior citizens and individuals with disabilities. By providing low-income housing options under Section 202 of the National Affordable Housing Act, the organization helps to ensure that these vulnerable populations have access to safe and supportive living environments.
The development and operation of a 50-unit apartment complex not only fulfills housing needs but also fosters a sense of community among residents. This initiative enhances the quality of life for its tenants, offering them stability and security in their living arrangements. By focusing on affordable accommodations, Lacasa Development Corporation plays a vital role in combating housing insecurity, promoting inclusivity, and supporting the well-being of seniors and disabled individuals in the South Kingstown area.
This information is meant to be a general summary of Lacasa Development Corporation. 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 2021.
- Investment Income: $305
- Program Service Revenue: $200,268
- Gross Receipts: $394,557
Assets and Liabilities:
- Total Assets: $4,404,350
- Total Liabilities: $6,338,958
- Net Assets: -$1,934,608
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$186,151
GROUND LEASE
Revenue
$10,725
LAUNDRY REVENUE
Revenue
$3,166
TENANT CHARGES
Revenue
$226
Organization Details
Founding Year
2001
Phone
(401) 941-2900Principal Officer
Frank Shea
Main Address
861A BROAD ST, PROVIDENCE, RI, 02907
Website
www.wdchoc.orgNTEE Category
Code: L21 - Housing
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