Overview
What is Lbsh Housing Corporation?
Lbsh Housing Corporation is a nonprofit organization situated in Brasher Falls, New York, with a ZIP code of 13613. Their primary mission is to offer affordable housing solutions to the elderly and individuals with disabilities, housing a total of 40 units. Operating with a dedicated team of five employees, the corporation is committed to providing housing with compassion, care, and a comfortable environment, thereby enriching the lives of those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89%, Three-Star out of Four Star rating.
Lbsh Housing Corporation has received a solid rating of 89% from Charity Navigator, indicating a strong performance in accountability and finance. The organization boasts a fully independent board with eight members, which enhances its governance structure. Additionally, Lbsh has received full scores in various areas, such as its audit and oversight committee, conflict of interest policy, and whistleblower policy, showcasing a commitment to transparency and integrity.
With a program expense ratio of 72.73%, the majority of its funds are directed towards its programs, reflecting efficient use of resources. The liabilities to assets ratio stands at 50.83%, indicating a balanced financial structure. However, while the organization demonstrates strong governance and financial responsibility, the three-star rating suggests there may be areas for improvement to reach higher performance benchmarks in the eyes of evaluators.
This AI summary has been generated from information found on Charity Navigator.
Is Lbsh Housing Corporation legitimate?
Lbsh Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lbsh Housing 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:
Executive Compensation: $70,491
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Lbsh Housing Corporation?
Lbsh Housing Corporation's mission is centered around providing housing solutions with compassion, care, and comfort for the elderly and handicapped individuals in need. The corporation administers local housing options, aiming to make a significant impact in their lives. Specifically, Lbsh Housing Corporation offers 40 subsidized rental units to cater to the housing needs of low-income elderly and handicapped individuals, ensuring they can live with dignity and security.
Who is the CEO of Lbsh Housing Corporation?
Allen Fukes is the Principal Officer of Lbsh Housing Corporation.
What is the revenue of Lbsh Housing Corporation?
Lbsh Housing Corporation's revenue in 2022 was $617,301.
Who are the executives of Lbsh Housing Corporation and what are their salaries?
The average compensation at Lbsh Housing Corporation during 2022 was $14,098. There are 5 employees and 3 volunteers at Lbsh Housing Corporation.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $70,941
- Related: $0
- Other: $0
Where can I find the form 990 for Lbsh Housing Corporation?
Lbsh Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lbsh Housing Corporation
Lbsh Housing Corporation, a dedicated nonprofit organization, is committed to providing low-income housing for elderly and handicapped individuals. Their mission is to administer local housing options with compassion, care, and comforting service. By offering 40 subsidized rental units, this corporation aims to create a living environment that caters to the unique needs of the elderly and disabled population, ensuring they live with dignity and security.
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Impact
July, 2024
Lbsh Housing Corporation's impact is substantial as it provides 40 subsidized rental units to low-income elderly and handicapped individuals in Brasher Falls, NY. By administering local housing options with compassion, caring, and comforting service, this organization plays a critical role in ensuring that vulnerable populations have access to safe and affordable housing. Through its mission to provide low-income housing for the elderly and disabled, Lbsh Housing Corporation positively impacts the lives of those in need within the community.
This information is meant to be a general summary of Lbsh Housing 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 2022.
- Investment Income: $2,762
- Program Service Revenue: $587,076
- Gross Receipts: $618,351
Assets and Liabilities:
- Total Assets: $1,289,211
- Total Liabilities: $638,861
- Net Assets: $650,350
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GOVERNMENT SUBSIDIES
Revenue
$393,341
TENANT RENTS
Revenue
$186,943
VENDING & MEALS
Revenue
$5,023
MISCELLANEOUS
Revenue
$1,769
Organization Details
Founding Year
1977
Phone
(315) 389-4689Principal Officer
Allen Fukes
Main Address
32 S CHURCH ST, BRASHER FALLS, NY, 13613
NTEE Category
Code: L200 - Housing
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