Overview
What is Lackawanna Housing Development Corp?
Lackawanna Housing Development Corp is a nonprofit organization situated in Lackawanna, New York. They primarily focus on assisting potential homeowners, with a particular emphasis on individuals of low income. Their initiatives encompass both acquiring and rehabilitating affordable homes through state-funded programs. Additionally, they offer county-funded first-time homeowner programs for low to moderate income residents, providing educational resources and financial assistance. The organization's mission is to enhance housing opportunities for the local community, contributing to a stable and affordable living environment.
Is Lackawanna Housing Development Corp legitimate?
Lackawanna Housing Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lackawanna Housing Development Corp 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $70,917
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What is the mission statement of Lackawanna Housing Development Corp?
Lackawanna Housing Development Corp's mission is centered around assisting potential homeowners. They provide various programs to help individuals acquire and rehabilitate affordable homes. This includes a state-funded home buyer acquisition program for low-income city residents, state-funded home improvement programs for qualified homeowners, and county-funded first-time homeowner programs for low to moderate-income residents. These initiatives often come with educational programs and financial assistance to make homeownership more accessible.
Who is the CEO of Lackawanna Housing Development Corp?
Lauren Jednak is the Principal Officer of Lackawanna Housing Development Corp.
What is the revenue of Lackawanna Housing Development Corp?
Lackawanna Housing Development Corp's revenue in 2022 was $326,660.
Who are the executives of Lackawanna Housing Development Corp and what are their salaries?
The average compensation at Lackawanna Housing Development Corp during 2022 was $17,729. There are 4 employees and 8 volunteers at Lackawanna Housing Development Corp.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Lackawanna Housing Development Corp?
Lackawanna Housing Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lackawanna Housing Development Corp
Lackawanna Housing Development Corp, a nonprofit organization, is dedicated to assisting potential homeowners in acquiring and rehabilitating affordable homes. Their mission is multifaceted, encompassing various state-funded and county-funded programs. They run a Home Buyer Acquisition Program for low-income residents of the city of Lackawanna, providing an opportunity for these individuals to become homeowners. Additionally, they offer Home Improvement Programs for qualified homeowners, enabling them to enhance the livability and value of their properties. Furthermore, Lackawanna Housing Development Corp also administers First Time Homeowner Programs for low to moderate-income residents, offering educational programs and financial assistance to help them navigate the homeownership process. In doing so, the organization plays a crucial role in making homeownership more accessible and affordable for those who might otherwise struggle to achieve it.
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Impact
October, 2024
Lackawanna Housing Development Corp has a significant impact on the community by facilitating access to affordable housing for low to moderate-income residents in Lackawanna, NY. Through state-funded programs, it assists potential homeowners in acquiring homes and provides resources for home rehabilitation.
The organization runs various initiatives, such as the home buyer acquisition program targeted at low-income individuals, enabling them to purchase homes they might otherwise find unattainable. Additionally, skilled homeowners can benefit from state-funded home improvement programs that help them enhance their properties, potentially increasing their value and livability.
Moreover, the county-funded first-time homeowner programs not only offer financial assistance but also include educational programs that equip residents with the knowledge needed to navigate the complexities of homeownership. This holistic approach ensures that the community not only gains access to affordable housing options but also develops skills and resources that promote sustainable living. Through these efforts, Lackawanna Housing Development Corp plays a crucial role in addressing housing challenges and enhancing the quality of life for many families in the area.
This information is meant to be a general summary of Lackawanna Housing Development Corp. 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
- Program Service Revenue: $14,964
- Gross Receipts: $326,660
Assets and Liabilities:
- Total Assets: $1,002,092
- Total Liabilities: $965,360
- Net Assets: $36,732
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOMEOWNER'S FEE FOR SERVICE
DEVELOPER FEE
MISCELLANEOUS
Revenue
$14,964
Organization Details
Founding Year
1990
Phone
(716) 823-5124Principal Officer
Lauren Jednak
Main Address
640 RIDGE ROAD, LACKAWANNA, NY, 14218
NTEE Category
Code: L80Z - Housing
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