Overview
What is Lihi Cascade Senior Housing Development?
Lihi Cascade Senior Housing Development is a dedicated nonprofit organization situated in Seattle, Washington. Their primary mission is to foster sustainable community development and enhance the quality of life for residents. They achieve this by providing financial resources and other essential support for the development of affordable housing for low and moderate-income families. Additionally, they focus on neighborhood improvement and revitalization, combating deterioration, and promoting community revitalization. This comprehensive approach aims to create thriving, revitalized communities for all members.
Official website here: www.lihi.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement - Two-Star out of Four Star rating (67%)
Lihi Cascade Senior Housing Development has received a two-star rating from Charity Navigator, indicating a need for improvement in several areas. While the organization boasts a strong accountability and finance score, it has notable weaknesses in governance practices. Specifically, while the board is fully independent and the material diversion of assets is well-managed, there are significant deficits in policies related to conflicts of interest and whistleblower protections.
Strengths of the organization include a perfect program expense ratio, signaling that all funds are directed towards its mission-related activities. The organization also maintains an independent board with a full complement of members, which reflects positively on its governance structure. However, the failure to meet standards in crucial policy areas, such as conflict of interest and document retention, raises concerns about transparency and operational integrity.
The liabilities to assets ratio indicates a moderate level of financial risk, which, combined with the lack of essential policies, suggests that stakeholders should approach the organization with caution. Continued efforts to strengthen governance practices and transparency are essential for Lihi Cascade Senior Housing Development to enhance its effectiveness and credibility in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Lihi Cascade Senior Housing Development?
78% of 42 reviewers on Facebook recommend Lihi Cascade Senior Housing Development. Here is a summary of their reviews:
Many reviewers express appreciation for the positive impact the nonprofit has on the community. One volunteer highlighted their fulfilling experience while working on low-income housing initiatives, emphasizing the organization's commitment to creating opportunities for those in need. This reflects the nonprofit's mission to foster connection and provide essential support to vulnerable populations.
Overall, those who have engaged with Lihi Cascade Senior Housing Development generally feel satisfied with the efforts made to address housing challenges and appreciate the sense of community fostered through the organization’s activities.
This AI summary has been generated from reviews found on Facebook.
Is Lihi Cascade Senior Housing Development legitimate?
Lihi Cascade Senior Housing Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lihi Cascade Senior Housing Development 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
For more financial information, click here
Official website here: www.lihi.org
What is the mission statement of Lihi Cascade Senior Housing Development?
Lihi Cascade Senior Housing Development's mission is centered around promoting sustainable community development and enhancing the quality of life. They aim to achieve this by providing resources, such as financing, for the development of affordable housing for low and moderate-income families. Additionally, they work on neighborhood improvement and revitalization, combat neighborhood deterioration and blight, and foster community revitalization. The organization's goal is to contribute to the betterment of communities, providing affordable housing options and improving the overall living conditions.
Official website here: www.lihi.org
Who is the CEO of Lihi Cascade Senior Housing Development?
Sharon Lee is the Authorized Representative of Lihi Cascade Senior Housing Development.
Official website here: www.lihi.org
What is the revenue of Lihi Cascade Senior Housing Development?
Lihi Cascade Senior Housing Development's revenue in 2022 was $145,427.
Official website here: www.lihi.org
Who are the executives of Lihi Cascade Senior Housing Development and what are their salaries?
Here are 6 key members and their salaries:
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- Related: $308,766
- Other: $10,972
Official website here: www.lihi.org
Where can I find the form 990 for Lihi Cascade Senior Housing Development?
Lihi Cascade Senior Housing Development's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lihi.org
Learn more at the official website: www.lihi.org
Mission Statement of Lihi Cascade Senior Housing Development
Lihi Cascade Senior Housing Development is dedicated to promoting sustainable community development and enhancing the quality of life for low and moderate-income families. The organization achieves this mission by providing essential resources, such as financing, for the development of affordable housing. Furthermore, Lihi Cascade Senior Housing Development focuses on neighborhood improvement and revitalization, combating neighborhood deterioration and blight, and fostering community revitalization. This approach aims to create a thriving, vibrant community for all its residents.
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Impact
October, 2024
Lihi Cascade Senior Housing Development significantly contributes to sustainable community development and enhances the quality of life for residents by facilitating the creation of affordable housing for low and moderate-income families. By providing vital resources, including financing, the initiative directly addresses the pressing need for accessible housing options in Seattle.
The development plays a critical role in neighborhood improvement and revitalization efforts, actively combatting neighborhood deterioration and blight. Through its focus on fostering community revitalization, Lihi Cascade not only provides shelter but also supports the overall health and vitality of the community. This initiative stands as a pivotal force in creating lasting positive change, ensuring that vulnerable populations have the opportunity to thrive in supportive living environments.
This information is meant to be a general summary of Lihi Cascade Senior Housing Development. 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.
- Program Service Revenue: $145,427
- Gross Receipts: $145,427
Assets and Liabilities:
- Total Assets: $5,326,859
- Total Liabilities: $3,282,336
- Net Assets: $2,044,523
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME FROM F
Revenue
$145,427
Organization Details
Founding Year
2007
Phone
(206) 443-9935Principal Officer
Sharon Lee
Main Address
1253 SOUTH JACKSON STREET, SEATTLE, WA, 98144
Website
www.lihi.orgNTEE Category
Code: L20 - Housing
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