Overview
What is Southlake Tri-City Rba Corp?
Southlake Tri-City RBA Corp, headquartered unspecified, operates Lake Park Residential Care, a licensed facility committed to serving individuals dealing with dementia, mental health issues, or physical disabilities. These individuals may find it challenging to live independently and do not necessitate placement in skilled nursing or intermediate care facilities. Lake Park Residential Care's primary mission is to offer low-income housing, ensuring affordable accommodations for those in need. The organization's goal is to provide a supportive living environment for its residents, enabling them to maintain their dignity and independence while receiving necessary care.
What are the reviews and ratings of this charity?
Charity Navigator Rating 79% - Three-Star out of Four Star Rating
Southlake Tri-City Rba Corp has earned a Three-Star rating from Charity Navigator, reflecting a solid level of accountability and financial management. The organization scored 79% in its overall evaluation, with a strong emphasis on accountability and finance. Key strengths include a fully independent board and robust financial oversight, evidenced by high scores in areas such as board independence, conflict of interest policies, and program expense ratio.
Despite these strengths, the organization faces challenges in managing its liabilities, as indicated by a liabilities-to-assets ratio of 114.06%, which negatively impacted its overall financial score. While the organization is doing well in many aspects of governance and program efficiency, this particular financial metric suggests a need for improvement in balancing its liabilities with assets.
Overall, Southlake Tri-City Rba Corp demonstrates a commitment to effective governance and transparency, which is important for donor confidence. However, addressing its financial liabilities will be crucial for enhancing its stability and future performance.
This AI summary has been generated from information found on Charity Navigator.
Is Southlake Tri-City Rba Corp legitimate?
Southlake Tri-City Rba Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southlake Tri-City Rba 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $480,770
For more financial information, click here
What is the mission statement of Southlake Tri-City Rba Corp?
Southlake Tri-City RBA Corp, through its subsidiary Lake Park Residential Care, is committed to providing low-income housing for individuals who are affected by dementia, mental illness, or physical disabilities. These individuals may find it challenging to live independently and require support beyond what is provided in skilled nursing or intermediate care facilities. The mission of Lake Park Residential Care is to serve as a home for these individuals, offering them a safe and supportive environment where they can reside without the financial burden of high-cost housing.
Who is the CEO of Southlake Tri-City Rba Corp?
Judith K Sikora is the Chairperson of Southlake Tri-City Rba Corp. The CEO's salary of Southlake Tri-City Rba Corp is $0 and their total compensation is $322,463.
What is the revenue of Southlake Tri-City Rba Corp?
Southlake Tri-City Rba Corp's revenue in 2022 was $2,228,929.
Who are the executives of Southlake Tri-City Rba Corp and what are their salaries?
The average compensation at Southlake Tri-City Rba Corp during 2022 was $20,903. There are 23 employees and 13 volunteers at Southlake Tri-City Rba Corp.
Here are 15 key members and their salaries (Southlake Tri-City Rba Corp's CEO's salary is $0 and their total compensation is $322,463):
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- Related: $204,941
- Other: $39,555
- Compensation: $0
- Related: $265,323
- Other: $57,140
Where can I find the form 990 for Southlake Tri-City Rba Corp?
Southlake Tri-City Rba Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Southlake Tri-City Rba Corp
Southlake Tri-City RBA Corp, as a nonprofit organization, is committed to providing low-income housing. Their flagship facility, Lake Park Residential Care, serves as a refuge for individuals facing challenges with dementia, mental illness, or physical disabilities. These individuals find themselves in a predicament where they cannot reside in their own homes, yet do not require the level of care provided by skilled nursing or intermediate care facilities. Southlake Tri-City RBA Corp's mission, therefore, is to offer a dignified living space for these individuals, ensuring they receive the support they need while maintaining their independence to the best of their abilities.
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Impact
October, 2024
Southlake Tri-City Rba Corp plays a crucial role in addressing the housing needs of vulnerable populations in Merrillville, Indiana. By operating Lake Park Residential Care, the organization provides essential support for individuals facing challenges such as dementia, mental illness, or physical disabilities.
The facility offers a safe and supportive environment for those who cannot live independently but do not require the more intensive care provided in skilled nursing or intermediate care settings. This approach not only ensures that residents receive the necessary assistance tailored to their needs but also enhances their quality of life by promoting independence and dignity.
By focusing on low-income housing, Southlake Tri-City Rba Corp significantly contributes to alleviating housing insecurity among specific community segments, fostering stability for individuals and families who might otherwise struggle to find affordable and supportive living arrangements. Their work not only meets immediate housing needs but also plays a larger role in improving community health and wellbeing, ultimately supporting a more inclusive and resilient society.
This information is meant to be a general summary of Southlake Tri-City Rba 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: $68
- Program Service Revenue: $6,120
- Gross Receipts: $2,228,929
Assets and Liabilities:
- Total Assets: $2,672,675
- Total Liabilities: $2,459,411
- Net Assets: $213,264
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$6,120
Organization Details
Founding Year
2005
Phone
(219) 757-1921Principal Officer
Judith K Sikora
Main Address
8400 LOUISIANA ST, MERRILLVILLE, IN, 464106385
NTEE Category
Code: L20 - Housing
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