Overview
What is Lincoln Village Preservation Corporation?
The Lincoln Village Preservation Corporation, situated in Huntsville, Alabama, is a dedicated nonprofit organization. Their main mission involves providing affordable housing and educational opportunities for the residents of Lincoln Mill Village. This mission is accomplished through the refurbishment of rental units with volunteer labor, resulting in accommodation leased at below-market rates. The corporation aims to offer comfort, assistance, and encouragement to low-income residents in the Lincoln Mill Village area, thereby contributing positively to the community. With a workforce of 45 individuals, Lincoln Village Preservation Corporation continues its commitment to enhancing the quality of life for its residents.
Official website here: www.lincolnvillageministry.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 86%, Three-Star out of Four Star rating.
Lincoln Village Preservation Corporation (LVPC) demonstrates strong accountability and finance practices, scoring 93% in this category. The organization maintains a fully independent board and has no reported issues with asset diversion, reflecting a solid foundation of governance. However, there are notable gaps regarding conflict of interest, whistleblower, and document retention policies, which could impact transparency and operational integrity.
User feedback highlights the organization's commitment to addressing generational poverty within the Lincoln Village neighborhood. Board member mfowler noted the impactful work LVPC is doing through its faith-based initiatives, including the Lincoln Academy and real estate efforts. The organization is recognized for fostering a supportive environment for students and their families, contributing positively to community revitalization.
While LVPC's financial ratios indicate efficiency in program expenditures and fundraising, the lack of certain governance policies may warrant attention. Overall, the nonprofit is making significant strides in its mission but should consider strengthening its governance practices to enhance its overall effectiveness and trustworthiness in the community.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Lincoln Village Preservation Corporation legitimate?
Lincoln Village Preservation Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lincoln Village Preservation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,231,860
For more financial information, click here
Official website here: www.lincolnvillageministry.com
What is the mission statement of Lincoln Village Preservation Corporation?
The Lincoln Village Preservation Corporation is dedicated to providing affordable housing and education to its community members. Its primary mission is to offer comfortable living conditions, assistance, and encouragement to low-income residents, specifically in the Lincoln Mill Village area. To achieve this, the corporation has refurbished rental housing units with volunteer labor, and leases them at below market rates. This not-for-profit organization aims to improve the living conditions of its residents and contribute positively to their lives.
Official website here: www.lincolnvillageministry.com
Who is the CEO of Lincoln Village Preservation Corporation?
Steve Hill is the President of Lincoln Village Preservation Corporation.
Official website here: www.lincolnvillageministry.com
What is the revenue of Lincoln Village Preservation Corporation?
Lincoln Village Preservation Corporation's revenue in 2022 was $4,041,684.
Official website here: www.lincolnvillageministry.com
Who are the executives of Lincoln Village Preservation Corporation and what are their salaries?
The average compensation at Lincoln Village Preservation Corporation during 2022 was $27,375. There are 45 employees and 479 volunteers at Lincoln Village Preservation Corporation.
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Official website here: www.lincolnvillageministry.com
Where can I find the form 990 for Lincoln Village Preservation Corporation?
Lincoln Village Preservation Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lincolnvillageministry.com
Learn more at the official website: www.lincolnvillageministry.com
Mission Statement of Lincoln Village Preservation Corporation
Lincoln Village Preservation Corporation, a nonprofit organization, is committed to providing affordable housing and education to low-income residents. Their primary mission is to refurbish rental housing units using volunteer labor and lease them at below-market rates. This initiative aims to offer comfort, assistance, and encouragement to residents in need, thereby contributing to a better living environment. The corporation's actions demonstrate a strong dedication to uplifting the community by providing essential needs and support, thereby enhancing the quality of life for its residents.
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Impact
October, 2024
Lincoln Village Preservation Corporation significantly enhances the quality of life for residents in Lincoln Mill Village, Huntsville, Alabama, by providing affordable housing and educational opportunities. Through the ownership and refurbishment of rental housing units, the organization ensures that residents can secure homes at below-market rates, directly addressing the need for affordable living spaces in the area.
The refurbishment of these units is made possible by the dedication of volunteers, fostering a sense of community involvement and support. By creating comfortable, well-maintained living environments, Lincoln Village Preservation Corporation helps to stabilize families and encourages a sense of belonging among residents.
In addition to housing, the corporation emphasizes education, offering resources and programs designed to empower low-income residents. This dual focus not only assists individuals in achieving stability but also promotes long-term community development. By providing essential support and encouragement, the organization plays a vital role in uplifting the Lincoln Mill Village area, ultimately contributing to the well-being and resilience of its residents.
This information is meant to be a general summary of Lincoln Village Preservation 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: -$49,107
- Program Service Revenue: $155,394
- Gross Receipts: $4,041,684
Assets and Liabilities:
- Total Assets: $11,225,323
- Total Liabilities: $3,703,509
- Net Assets: $7,521,814
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENTIAL RENT INCOM
Revenue
$104,206
ACADEMY TUITION
Revenue
$31,725
PRESCHOOL TUITION
Revenue
$16,232
LEARNING LAB TUITION
Revenue
$3,231
Organization Details
Founding Year
2003
Phone
(256) 701-4303Principal Officer
Steve Hill
Main Address
1110 MERIDIAN STREET, HUNTSVILLE, AL, 35801
NTEE Category
Code: L20 - Housing
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