Overview
What is Lha Enterprise Development Inc?
Lha Enterprise Development Inc, a nonprofit organization based in compliance with Section 501(c)(3) of the Internal Revenue Code, is primarily dedicated to supporting the Laurel Public Housing Authority. This support includes various initiatives to provide decent, safe, and sanitary living accommodations for individuals of low income, encompassing the acquisition, development, construction, and operation of necessary facilities, infrastructure, and properties. The organization's mission is instrumental in enhancing the quality of life for these individuals, ensuring access to essential services like water, sewers, parks, and community facilities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star Rating)
Lha Enterprise Development Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The organization has scored 80%, indicating that it meets essential transparency and governance standards, which are crucial for donor trust and operational integrity.
One of the strengths of Lha Enterprise Development Inc lies in its governance structure. The charity boasts a fully independent board with 100% independent members, ensuring unbiased decision-making. Additionally, the organization has no material diversion of assets and adheres to a conflict of interest policy, which further enhances its credibility.
However, while the organization has excelled in accountability metrics, there may be areas for improvement that are not specified in the available data. Overall, the high program expense ratio suggests that the majority of its resources are directed towards its charitable activities, which is a positive indicator for stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Lha Enterprise Development Inc legitimate?
Lha Enterprise Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lha Enterprise Development 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.
Heare are some key statistics you may want to consider:
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Other Salaries and Wages: $0
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What is the mission statement of Lha Enterprise Development Inc?
Lha Enterprise Development Inc, as a charitable organization, is established with the primary purpose of supporting a public housing authority. Its mission is to provide decent, safe, and sanitary living accommodations for individuals of low income. This includes acquiring, developing, constructing, and operating necessary properties such as buildings, land, equipment, and facilities. The organization's objectives also encompass the provision of streets, sewers, water service, parks, site preparation, gardening, administrative, community, health, recreational, and welfare facilities. In essence, Lha Enterprise Development Inc aims to enhance the living conditions of individuals in need by providing essential housing amenities.
Who is the CEO of Lha Enterprise Development Inc?
Ailrick Young is the Director of Lha Enterprise Development Inc.
What is the revenue of Lha Enterprise Development Inc?
Lha Enterprise Development Inc's revenue in 2022 was $11,787.
Who are the executives of Lha Enterprise Development Inc and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Lha Enterprise Development Inc?
Lha Enterprise Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lha Enterprise Development Inc
Lha Enterprise Development Inc, a charitable organization under Section 501(C)(3) of the Internal Revenue Code, is established to support the Housing Authority of the City of Laurel, Mississippi. This nonprofit operates as an instrumental entity, working towards providing decent, safe, and sanitary urban or rural dwellings, apartments, or other living accommodations for individuals of low income. Its mission involves the acquisition, development, construction, and operation of necessary, convenient, or desirable appurtenances, streets, sewers, water service, parks, site preparation, gardening, administrative, community, health, recreational, welfare, or other purposes to enhance the living conditions of those in need. In essence, Lha Enterprise Development Inc serves to bolster the efforts of the Housing Authority, aiming to create suitable living spaces for people with limited financial means.
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Impact
October, 2024
Lha Enterprise Development Inc significantly impacts the community by enhancing access to safe and affordable housing for low-income individuals and families in Laurel, Mississippi. By supporting the Laurel Public Housing Authority, the organization plays a crucial role in the development and management of essential living accommodations, ensuring that urban and rural dwellings meet the standards of decency and sanitation.
The organization is dedicated to improving the quality of life in the community through various initiatives that include the acquisition, construction, and operation of residential buildings and associated facilities. This commitment not only addresses immediate housing needs but also contributes to the long-term well-being and stability of residents.
In addition to housing, Lha Enterprise Development Inc prioritizes an integrated approach that considers community health, recreational opportunities, and welfare services, creating a holistic environment conducive to growth and development. Through these efforts, it fosters a supportive infrastructure that empowers low-income households, ultimately enhancing their prospects for a better future.
This information is meant to be a general summary of Lha Enterprise Development 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: $621
- Gross Receipts: $11,787
Assets and Liabilities:
- Total Assets: $2,689,696
- Total Liabilities: $0
- Net Assets: $2,689,696
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Organization Details
Founding Year
2006
Phone
(601) 425-4651Principal Officer
Ailrick Young
Main Address
PO DRAWER 2910, LAUREL, MS, 39442
NTEE Category
Code: L20 - Housing
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