Overview
What is Lhc Non-Profit Development Corporation?
Lhc Non-Profit Development Corporation is a nonprofit organization situated in Lansing, Michigan. Its primary mission is to foster and support affordable housing initiatives. This includes investing in projects, offering financial and technical assistance, and delivering educational programs to create new and rehabilitated housing units. By doing so, the corporation aims to elevate living standards, promote affordable land values, combat community deterioration, and stimulate economic development that benefits disadvantaged individuals and distressed neighborhoods. In Lansing, Michigan, they have a stake in Oliver Gardens LDHA LP, a limited partnership dedicated to acquiring, renovating, maintaining, and operating a 30-unit rental housing project for low and moderate-income residents.
Is Lhc Non-Profit Development Corporation legitimate?
Lhc Non-Profit Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lhc Non-Profit Development 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: $0
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What is the mission statement of Lhc Non-Profit Development Corporation?
The Lhc Non-Profit Development Corporation aims to promote the advancement of affordable housing. They accomplish this by providing loans, development assistance, financial aid, and educational programs. These initiatives are designed to generate new and renovated housing, enhance living standards, foster affordable land values, combat community deterioration, and stimulate economic development that benefits disadvantaged individuals and distressed neighborhoods.
Who is the CEO of Lhc Non-Profit Development Corporation?
Douglas E Fleming is the Chairman of Lhc Non-Profit Development Corporation.
What is the revenue of Lhc Non-Profit Development Corporation?
Lhc Non-Profit Development Corporation's revenue in 2020 was $415,767.
Who are the executives of Lhc Non-Profit Development Corporation and what are their salaries?
There 2 volunteers at Lhc Non-Profit Development Corporation.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Lhc Non-Profit Development Corporation?
Lhc Non-Profit Development Corporation's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Lhc Non-Profit Development Corporation
Lhc Non-Profit Development Corporation, with a mission-driven approach, seeks to aid in the advancement of affordable housing. Their goal is achieved through various means, including offering loans, development assistance, financial aid, and technical support. This comprehensive approach aims to generate new housing and rehabilitate existing structures, ultimately raising living standards and promoting affordable land values. The corporation also works to combat community deterioration and stimulate economic development that benefits disadvantaged individuals and distressed neighborhoods. By providing educational programs, Lhc Non-Profit Development Corporation strives to assist in creating thriving communities and improving the lives of those in need.
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Impact
October, 2024
LHC Non-Profit Development Corporation plays a crucial role in enhancing affordable housing solutions, particularly for low and moderate-income individuals in Lansing, Michigan. By owning a stake in Oliver Gardens LDHA LP, the organization directly supports a 30-unit rental housing project, which provides much-needed homes for those facing economic challenges.
Through various initiatives, LHC Non-Profit Development Corporation delivers financial and technical assistance aimed at both developing new housing projects and rehabilitating existing ones. This effort not only raises living standards but also combats community deterioration and promotes affordable land values.
Additionally, their commitment to educational programs empowers individuals and families to better navigate their housing needs, fostering sustainable community growth. Overall, their work stimulates economic development that specifically targets disadvantaged populations and revitalizes distressed neighborhoods, contributing to a more equitable housing landscape.
This information is meant to be a general summary of Lhc Non-Profit Development 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 2020.
- Program Service Revenue: $415,767
- Gross Receipts: $415,767
Assets and Liabilities:
- Total Assets: $130,000
- Total Liabilities: $510,436
- Net Assets: -$380,436
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEES
Revenue
$405,767
MANAGEMENT FEE
Revenue
$10,000
Organization Details
Founding Year
2003
Phone
(517) 487-6550Principal Officer
Douglas E Fleming
Main Address
419 CHERRY ST, LANSING, MI, 48933
NTEE Category
Code: L20 - Housing
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