Lexington Assets Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 141714488 ✦ Johnstown, NY ✦ Designated as a 501(c)(2)

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Overview

What is Lexington Assets Inc?

Lexington Assets Inc is a title-holding company that plays a crucial role in supporting individuals with developmental disabilities. Specifically, they hold property title for the Fulton-Schoharie Counties Chapter of NYSARC Inc, which utilizes this property to deliver vocational and day program services. This nonprofit organization's mission is to contribute to the well-being of these individuals by providing them with essential resources and opportunities for growth.

Is Lexington Assets Inc legitimate?

Lexington Assets Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Lexington Assets 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Lexington Assets Inc?

Lexington Assets Inc, functioning as a title-holding company, plays a crucial role in supporting the mission of the Fulton-Schoharie Counties Chapter of NYSARC, Inc. This non-profit organization provides vocational and day program services to individuals with developmental disabilities. By holding the title to the property used by NYSARC, Lexington Assets Inc contributes to the creation of an environment where these individuals can engage in vocational and daily activities, aimed at enhancing their skills and independence. The precise role of Lexington Assets Inc in this context is to ensure the availability of suitable property for the provision of these essential services.

Who is the CEO of Lexington Assets Inc?

Jamie Petrin is the President of Lexington Assets Inc.

What is the revenue of Lexington Assets Inc?

Lexington Assets Inc's revenue in 2022 was -$45,955.

Who are the executives of Lexington Assets Inc and what are their salaries?

There 8 volunteers at Lexington Assets Inc.


Here are 11 key members and their salaries:


Rinaldo Esposito (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jean Schultz (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terri Easterly (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Ostrander (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Mccoy (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Magliocca (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Judy Schelle (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nancy Cooke (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shaloni Winston (Executive Director)
  • Compensation: $0
  • Related: $306,600
  • Other: $56,747
Daniel Richardson (Deputy Executive Director)
  • Compensation: $0
  • Related: $205,326
  • Other: $40,334
Jamie Petrin (Cfo)
  • Compensation: $0
  • Related: $151,512
  • Other: $25,705
Where can I find the form 990 for Lexington Assets Inc?

Lexington Assets Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Lexington Assets Inc

Lexington Assets Inc serves as a title-holding company, playing a crucial role in supporting the Fulton-Schoharie Counties Chapter of NYSARC, Inc. This nonprofit organization provides vocational and day program services to individuals with developmental disabilities. By holding the title to the property used by NYSARC, Lexington Assets Inc enables the chapter to offer essential services to those in need. This collaboration highlights Lexington Assets Inc's commitment to contributing to societal causes, specifically in the field of supporting individuals with developmental disabilities, allowing them to participate in vocational and day programs that help improve their overall quality of life.

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Impact




October, 2024

Lexington Assets Inc plays a vital role in community improvement by holding title to property that supports vocational and day program services for individuals with developmental disabilities through the Fulton-Schoharie Counties Chapter of NYSARC, Inc. This ensures that essential facilities are available for these services, which are crucial for enhancing the quality of life and independence of individuals with disabilities. By providing the physical space needed for programs that foster skill development and social integration, Lexington Assets Inc directly contributes to the empowerment and betterment of the community, creating a more inclusive environment for all.




This information is meant to be a general summary of Lexington Assets 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.

Revenue
-$45,955 (2022)
Expenses
$26,137 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $230,348

Assets and Liabilities:

  • Total Assets: $1,305,427
  • Total Liabilities: $1,267,167
  • Net Assets: $38,260

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Organization Details

Founding Year

1986

Principal Officer

Jamie Petrin

Main Address

465 N PERRY ST, JOHNSTOWN, NY, 12095

NTEE Category

Code: S47 - Community improvement

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