Overview
What is Lh Homes Ii Inc?
Lh Homes Ii Inc is a Michigan-based nonprofit organization, specifically located at 5505 Corporate Drive Suite 300, Troy, MI 48098. Their primary mission revolves around promoting the welfare of individuals with disabilities. They aim to accomplish this by providing housing under Section 811 of the National Affordable Housing Act. Specifically, they are currently engaged in the development of nine units of housing for individuals with disabilities in Wayne County, Michigan. This initiative underscores their commitment to improving the living conditions and overall well-being of individuals with disabilities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star rating)
Lh Homes Ii Inc has earned an overall score of 87%, indicating a solid level of accountability and finance management. The rating is based entirely on the Accountability & Finance beacon, which assesses the charity's transparency and efficiency in financial practices. A high score reflects positively on the organization's governance and fiscal responsibility, demonstrating its commitment to maintaining a well-managed nonprofit.
The organization showcases impressive governance practices, with 100% of its board members being independent. This independence is crucial for effective oversight and ensures that decisions are made in the best interest of the charity. Additionally, Lh Homes Ii Inc has reported no material diversion of assets and has policies in place to manage conflicts of interest, reinforcing its ethical standards.
On the financial front, Lh Homes Ii Inc maintains a strong program expense ratio of 75.70%, indicating that a significant portion of its expenditures is directed toward its mission-related activities rather than administrative costs. The liabilities to assets ratio stands at a healthy 6.65%, reflecting sound financial stability. Overall, while the organization demonstrates strong accountability and effective financial practices, ongoing monitoring of its financial health and program effectiveness would continue to be beneficial.
This AI summary has been generated from information found on Charity Navigator.
Is Lh Homes Ii Inc legitimate?
Lh Homes Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lh Homes Ii 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.
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What is the mission statement of Lh Homes Ii Inc?
Lh Homes II Inc's mission is centered around promoting the well-being of individuals with disabilities. This includes providing housing solutions under Section 811 of the National Affordable Housing Act. The organization actively works towards this goal by acting as the owner in the development of housing units specifically designed for people with disabilities. Their efforts aim to enhance the living conditions and accommodations for this group, thereby improving their overall quality of life.
Who is the CEO of Lh Homes Ii Inc?
Marc Craig is the President of Lh Homes Ii Inc.
What is the revenue of Lh Homes Ii Inc?
Lh Homes Ii Inc's revenue in 2022 was $77,190.
Who are the executives of Lh Homes Ii Inc and what are their salaries?
There 4 volunteers at Lh Homes Ii Inc.
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Where can I find the form 990 for Lh Homes Ii Inc?
Lh Homes Ii Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lh Homes Ii Inc
Lh Homes II Inc is committed to enhancing the well-being of individuals with disabilities. A significant part of their mission involves providing housing opportunities for this group, in line with Section 811 of the National Affordable Housing Act. In essence, this nonprofit organization strives to create living spaces that cater to the needs of individuals with disabilities, contributing to their overall welfare. As of now, Lh Homes II Inc is involved in the development of 9 such housing units in Wayne County, Michigan.
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Impact
August, 2024
Lh Homes Ii Inc's impact is centered around promoting the welfare of persons with disabilities by providing housing opportunities under Section 811 of the National Affordable Housing Act. Specifically, the organization serves as an owner in the development of 9 units of housing for individuals with disabilities in Wayne County, Michigan. By focusing on this mission, Lh Homes Ii Inc plays a crucial role in enhancing the quality of life and increasing access to suitable housing for this vulnerable population in the community of Troy, Michigan.
This information is meant to be a general summary of Lh Homes Ii 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: $282
- Program Service Revenue: $76,908
- Gross Receipts: $77,190
Assets and Liabilities:
- Total Assets: $717,631
- Total Liabilities: $33,453
- Net Assets: $684,178
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET RENTAL REVENUE
Revenue
$76,908
Organization Details
Phone
(248) 928-0111Principal Officer
Marc Craig
Main Address
5505 CORPORATE DRIVE SUITE 300, TROY, MI, 48098
NTEE Category
Code: L21 - Housing
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