Overview
What is Lcs Housing Development Fund Company Inc?
Lcs Housing Development Fund Company Inc is a nonprofit organization based in Albany, New York, with a mission to provide affordable housing for individuals with disabilities. They manage a 12-unit complex in Schenectady, catering to individuals under Section 202 of the National Housing Act. The company covers all necessary expenses for the facility's upkeep and operation, ensuring it remains in good condition. Its operations are subsidized by a contract with the US Department of Housing, providing much-needed support for the disabled population.
Is Lcs Housing Development Fund Company Inc legitimate?
Lcs Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lcs Housing Development Fund Company 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 Lcs Housing Development Fund Company Inc?
LCS Housing Development Fund Company Inc operates with a mission to provide affordable housing for individuals with disabilities. The company is dedicated to maintaining and operating a 12-unit complex, catering to disabled individuals under Section 202 of the National Housing Act. This complex is subsidized by a contract with the US Department of Housing. The company's mission aligns with the goal of providing a living space for those in need, ensuring their comfort and well-being. The primary focus of LCS Housing Development Fund Company Inc is to make a significant impact in the lives of disabled individuals by offering them a suitable living environment.
Who is the CEO of Lcs Housing Development Fund Company Inc?
Noel Olsen is the President of Lcs Housing Development Fund Company Inc.
What is the revenue of Lcs Housing Development Fund Company Inc?
Lcs Housing Development Fund Company Inc's revenue in 2022 was $191,421.
Who are the executives of Lcs Housing Development Fund Company Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990EZ for Lcs Housing Development Fund Company Inc?
Lcs Housing Development Fund Company Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Lcs Housing Development Fund Company Inc
LCS Housing Development Fund Company Inc, a nonprofit organization, is committed to providing low-income housing for individuals with disabilities. Situated under Section 202 of the National Housing Act, the organization operates a 12-unit complex that serves as a home for disabled individuals. To ensure the continuous maintenance and operation of this complex, the company incurs expenses directly related to its upkeep. The US Department of Housing provides a contract to support this endeavor, enabling LCS Housing Development Fund Company Inc to fulfill its mission effectively. The organization's primary goal is to create an inclusive living environment for individuals with disabilities, providing them with a safe and suitable place to call home.
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Impact
October, 2024
LCS Housing Development Fund Company Inc significantly impacts the community by providing low-income housing specifically designed for individuals with disabilities. The organization operates a 12-unit complex in Schenectady, New York, tailored to meet the unique needs of disabled residents. By managing this facility under Section 202 of the National Housing Act, it ensures that affordable and accessible housing options are available to an often underserved population.
This initiative not only fosters a sense of independence among disabled individuals but also promotes stability and well-being in their lives. The company's commitment to continuous maintenance and operational support of the housing complex demonstrates its dedication to creating a safe and supportive living environment. Through its partnership with the US Department of Housing, LCS Housing Development Fund Company plays a crucial role in addressing the housing challenges faced by disabled individuals, ultimately contributing to the overall health and inclusivity of the community in Albany and surrounding areas.
This information is meant to be a general summary of Lcs Housing Development Fund Company 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: $288
- Program Service Revenue: $46,913
- Gross Receipts: $191,421
Assets and Liabilities:
- Total Assets: $344,153
- Total Liabilities: $129,301
- Net Assets: $214,852
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Organization Details
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