Overview
What is Lou Homes Inc?
Lou Homes Inc., situated in Oxford, Mississippi, is a dedicated nonprofit organization specializing in housing rehabilitation. Their primary mission revolves around providing affordable housing, as stated in their objective, "Belle Rivers Housing Assistance." Lou Homes Inc. works tirelessly to ensure that suitable housing solutions are accessible to those in need. The organization's activities and mission remain focused on this vital goal, making a significant impact on their local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 40% (Zero-Star out of Four Star rating)
Lou Homes Inc has received a low rating of 40%, indicating significant concerns regarding its accountability and financial management. The organization has a perfect score in areas such as having a majority of independent board members and a solid conflict of interest policy, showcasing strengths in governance practices.
However, the charity's financial metrics raise red flags, particularly with a program expense ratio of only 47.70%, suggesting that less than half of its funds are directed towards its programs. Additionally, a liabilities-to-assets ratio of 0.62% resulted in zero points, highlighting a potentially unstable financial position. Overall, while governance seems to be handled appropriately, the financial aspects warrant careful scrutiny.
This AI summary has been generated from information found on Charity Navigator.
Is Lou Homes Inc legitimate?
Lou Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lou Homes Inc submitted a form 990EZ, 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.
What is the mission statement of Lou Homes Inc?
Lou Homes Inc, a housing rehabilitation nonprofit, is committed to its mission of offering affordable housing assistance. The organization's primary goal is to provide homes within reach for individuals in need, as stated in their mission statement, "Belle rivers housing assistance." Lou Homes Inc strives to make housing more accessible, contributing to the well-being and quality of life of its recipients. The organization's activities revolve around rehabilitating homes to make them more affordable and suitable for those in need.
Who is the CEO of Lou Homes Inc?
Brooke Worthy is the President of Lou Homes Inc.
What is the revenue of Lou Homes Inc?
Lou Homes Inc's revenue in 2022 was $37,639.
Who are the executives of Lou Homes Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990EZ for Lou Homes Inc?
Lou Homes Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Lou Homes Inc
Lou Homes Inc, a housing rehabilitation nonprofit, is committed to helping address the issue of affordable housing. Their mission is to provide support in the form of Belle Rivers Housing Assistance. This means they strive to make homes more affordable for individuals and families in need. By focusing on housing rehabilitation, Lou Homes Inc aims to improve living conditions and make a positive impact in the community.
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Impact
August, 2024
Lou Homes Inc's impact can be seen in the transformation of communities by providing affordable housing options through housing rehabilitation projects. Their work in Oxford, MS directly contributes to addressing housing needs and improving the quality of life for residents in the area. Through their focus on Belle rivers housing assistance, Lou Homes Inc plays a crucial role in ensuring that individuals and families have access to safe and affordable homes, thus creating a lasting positive impact on the local community.
This information is meant to be a general summary of Lou Homes 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.
- Gross Receipts: $37,639
Assets and Liabilities:
- Total Assets: $111,105
- Total Liabilities: $1,441
- Net Assets: $109,664
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Organization Details
Phone
(662) 281-8802Principal Officer
Brooke Worthy
Main Address
2692 WEST OXFORD LOOP 112, OXFORD, MS, 38655
NTEE Category
Code: L20 - Housing
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