Overview
What is Lakeside House Inc?
Lakeside House Inc, based in Saranac Lake, New York, is a nonprofit organization dedicated to offering support and a secure living environment to individuals facing challenges with mental health and maintaining a stable living situation. Throughout 2022, their community residence served 16 individuals, with 6 successfully achieving their goals and being discharged, while 6 new residents were admitted. With an occupancy rate of 95% for the year, Lakeside House continues its mission to enhance the quality of life of its residents, facilitate their integration into the community, and assist them in achieving their highest level of independence. In addition, Lakeside House is seeking approval to make changes to its physical structure to meet ADA compliance. With a staff of 21 employees, they provide residential services, supportive housing case management, and transitional housing for the homeless. Their ultimate goal is to help individuals improve their living conditions, integrate into the community, and achieve self-sufficiency.
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star Rating
Lakeside House Inc has achieved a Four-Star rating on Charity Navigator, indicating a strong commitment to accountability and financial practices. With a perfect score in several key areas, including independent board membership and financial oversight, the organization demonstrates effective governance and transparency. The high program expense ratio also reflects that the majority of its funds are directed toward its mission-related activities.
The nonprofit's financial health is robust, as evidenced by a low liabilities to assets ratio, which suggests that it maintains a solid balance sheet. The absence of material diversions of assets further reinforces its stability and responsible management of resources. Additionally, the presence of comprehensive policies related to conflict of interest, whistleblower protections, and document retention highlights a proactive approach to governance.
While the rating showcases the organization's strengths, it is essential to consider that this assessment is based solely on accountability and finance metrics. Potential donors and stakeholders may wish to explore further aspects of Lakeside House Inc's impact and service delivery to gain a complete understanding of its overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Lakeside House Inc legitimate?
Lakeside House Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lakeside House 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:
Executive Compensation: $60,146
Professional Fundraising Fees: $0
Other Salaries and Wages: $425,831
For more financial information, click here
What is the mission statement of Lakeside House Inc?
Lakeside House Inc's mission is to offer a secure environment and support network for individuals struggling with mental health issues and maintaining a stable living situation. Through residential services, supportive housing case management, and transitional housing for the homeless, Lakeside House aims to enhance the quality of life, facilitate integration into the community, and help individuals achieve their highest level of independence.
Who is the CEO of Lakeside House Inc?
Marc Czadzeck is the Executive Di of Lakeside House Inc.
What is the revenue of Lakeside House Inc?
Lakeside House Inc's revenue in 2022 was $1,078,254.
Who are the executives of Lakeside House Inc and what are their salaries?
The average compensation at Lakeside House Inc during 2022 was $23,142. There are 21 employees at Lakeside House Inc.
Here are 10 key members and their salaries:
- Compensation: $49,016
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- Other: $11,130
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- Other: $0
Where can I find the form 990 for Lakeside House Inc?
Lakeside House Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lakeside House Inc
Lakeside House Inc is an organization dedicated to providing a safe and supportive community for individuals facing challenges with mental health and maintaining a stable living environment. By offering residential services, supportive housing case management, and transitional housing for the homeless, Lakeside House aims to help people improve their quality of life, integrate into the community, and achieve their highest level of independence. The organization's mission is to create an environment where people can feel secure and supported as they work towards overcoming their challenges, ultimately leading to a better life for all involved. Lakeside House Inc's residential services provide a safe haven for those in need, offering necessities such as food and clothing, while its case management and transitional housing programs offer guidance and support to help people integrate into the community and become self-sufficient. The organization's ultimate goal is to empower individuals to reclaim their lives and reach their full potential.
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Impact
June, 2024
Lakeside House Inc's impact can be seen in the positive changes experienced by individuals facing challenges in maintaining mental health and stable living environments. By providing a safe home and supportive community, Lakeside House helps these individuals improve their quality of life, integrate into the community, and achieve their highest level of independence. The organization's residential services, supportive housing case management, and transitional housing for those experiencing homelessness have made a tangible difference in the lives of those served. With a focus on individual goals and progress, Lakeside House has successfully discharged individuals after they achieved their objectives while admitting new residents to benefit from their offerings. Additionally, Lakeside House aims to enhance its services further by seeking necessary approvals to ensure ADA compliance, indicating a commitment to providing accessible and inclusive support to those in need.
This information is meant to be a general summary of Lakeside House 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: $3,349
- Program Service Revenue: $901,625
- Gross Receipts: $1,078,254
Assets and Liabilities:
- Total Assets: $878,153
- Total Liabilities: $76,609
- Net Assets: $801,544
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEDICAID
Revenue
$725,758
RESIDENCE FEES
Revenue
$122,869
DSS SHELTER RENTS
Revenue
$31,940
FOOD STAMPS
Revenue
$21,058
Organization Details
Founding Year
1978
Phone
(518) 891-0815Principal Officer
Marc Czadzeck
Main Address
33 RIVERSIDE DRIVE, SARANAC LAKE, NY, 12983
NTEE Category
Code: F33 - Mental health
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