Overview
What is Lake Charles Non-Profit Housing Developm?
Lake Charles Non-Profit Housing Development Corp is a charitable organization based in Lake Charles, Louisiana, with a specific focus on providing housing solutions for low-income families. They achieve this by acting as the general partner and developer of housing developments that qualify under Section 42 of the Internal Revenue Code for Low Income Housing Tax Credits. The organization's mission is to promote and advance low-rent housing in the Lake Charles community, working tirelessly to contribute to the city's housing needs and social welfare.
Is Lake Charles Non-Profit Housing Developm legitimate?
Lake Charles Non-Profit Housing Developm is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Charles Non-Profit Housing Developm 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 Lake Charles Non-Profit Housing Developm?
The Lake Charles Non-Profit Housing Development Corporation's mission is to enhance and advance the availability of affordable housing for low-income families. As the general partner and developer of housing developments that qualify under IRC Sec. 42 for Low Income Housing Tax Credits, they play a crucial role in providing housing solutions. Their primary objective is to promote and facilitate the development of low-rent housing, contributing to a more equitable living situation for families in need.
Who is the CEO of Lake Charles Non-Profit Housing Developm?
Nicole Miller is the Chair of Lake Charles Non-Profit Housing Developm.
What is the revenue of Lake Charles Non-Profit Housing Developm?
Lake Charles Non-Profit Housing Developm's revenue in 2022 was $106,406.
Who are the executives of Lake Charles Non-Profit Housing Developm and what are their salaries?
Here are 3 key members and their salaries:
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Where can I find the form 990 for Lake Charles Non-Profit Housing Developm?
Lake Charles Non-Profit Housing Developm's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lake Charles Non-Profit Housing Developm
Lake Charles Non-Profit Housing Development Corporation is committed to advancing and promoting affordable housing for low-income families. Acting as the general partner and developer of housing developments that qualify under IRC Section 42 for Low Income Housing Tax Credits, this organization plays a crucial role in providing housing solutions for those in need. By dedicating its efforts to this mission, Lake Charles Non-Profit Housing Development Corporation is instrumental in making a meaningful impact on the community, ensuring that families have access to decent, affordable housing.
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Impact
October, 2024
Lake Charles Non-Profit Housing Development significantly enhances the availability of affordable housing in Lake Charles, Louisiana. By advancing low-rent housing initiatives, it plays a crucial role in providing safe, stable homes for low-income families. As the general partner and developer of various housing projects that qualify under IRC Section 42 for low-income housing tax credits, it helps to alleviate the challenges faced by economically disadvantaged residents.
The organization’s efforts not only contribute to housing stability but also foster community development, allowing families to thrive in a supportive environment. This impact extends beyond just physical housing; it promotes social equity and economic opportunities, helping to break the cycle of poverty and improve the overall quality of life in the community. Through its mission, Lake Charles Non-Profit Housing Development is a vital player in creating a thriving and inclusive city for all its residents.
This information is meant to be a general summary of Lake Charles Non-Profit Housing Developm. 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: $54,444
- Gross Receipts: $310,258
Assets and Liabilities:
- Total Assets: $8,380,626
- Total Liabilities: $1,244,826
- Net Assets: $7,135,800
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Organization Details
Founding Year
2008
Phone
(337) 439-4189Principal Officer
Nicole Miller
Main Address
PO BOX 1206, LAKE CHARLES, LA, 706021206
NTEE Category
Code: L21 - Housing
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