Overview
What is Lake Ridge Elderly Development Inc?
Lake Ridge Elderly Development Inc is a nonprofit organization situated in Reston, Virginia, specifically at 11260 Roger Bacon Drive STE 20. Their primary mission is to offer affordable housing and essential services to elderly individuals with limited incomes and resources. Established since 1960, they have provided quality, independent apartment living to over 3,000 residents in Reston, Virginia, Woodbridge, Virginia, and Upper Marlboro, Maryland. Lake Ridge Fellowship House, which opened in 1983, is one of their projects, featuring 100 units of independent living, along with shared spaces for activities, games, exercise, social events, and healthcare presentations. The property is positioned near a local shopping plaza, making daily errands convenient for its residents. Lake Ridge Elderly Development Inc operates under Section 223(F) of the National Housing Act and participates in the Section 8 Housing Assistance Payment Program. Regulated by the U.S. Housing and Urban Development Agency, they ensure reasonable rent charges and operating methods for their residents. The organization currently employs 9 individuals.
Official website here: www.fellowshipsquare.org
Is Lake Ridge Elderly Development Inc legitimate?
Lake Ridge Elderly Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Ridge Elderly 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.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $495,474
For more financial information, click here
What is the mission statement of Lake Ridge Elderly Development Inc?
Lake Ridge Elderly Development Inc's mission is primarily focused on providing affordable housing and necessary services to elderly individuals and those with physical disabilities who are financially disadvantaged. Through their initiatives, they aim to enhance the living conditions of a substantial number of seniors, offering them independent apartment living with essential amenities and services. The organization has been active since 1960, serving over 3,000 residents in various locations, including Reston and Woodbridge, Virginia, and Upper Marlboro, Maryland. Lake Ridge Fellowship House, established in 1983, is one of their properties, providing 100 units of independent living along with communal spaces for activities, games, exercise, social events, and healthcare presentations. The property's location is strategically situated near a shopping plaza, making daily errands convenient for its residents. Lake Ridge Elderly Development Inc operates under Section 223(F) of the National Housing Act and participates in the Section 8 Housing Assistance Payment Program, ensuring that rent charges and operating methods are regulated by the U.S. Housing and Urban Development Agency.
Official website here: www.fellowshipsquare.org
Who is the CEO of Lake Ridge Elderly Development Inc?
Kathleen Harding is the President of Lake Ridge Elderly Development Inc. The CEO's salary of Lake Ridge Elderly Development Inc is $0 and their total compensation is $187,965.
Official website here: www.fellowshipsquare.org
What is the revenue of Lake Ridge Elderly Development Inc?
Lake Ridge Elderly Development Inc's revenue in 2022 was $1,837,167.
Official website here: www.fellowshipsquare.org
Who are the executives of Lake Ridge Elderly Development Inc and what are their salaries?
The average compensation at Lake Ridge Elderly Development Inc during 2022 was $55,053. There are 9 employees and 25 volunteers at Lake Ridge Elderly Development Inc.
Here are 5 key members and their salaries (Lake Ridge Elderly Development Inc's CEO's salary is $0 and their total compensation is $187,965):
- Christina Zeitz (Ceo)
- Kathleen Harding (President) [Trustee/Director]
- John Gray (Treasurer) [Trustee/Director]
- Pastor Mark Edwards (Secretary) [Trustee/Director]
- Wavery Brown (Director)
Official website here: www.fellowshipsquare.org
Where can I find the form 990 for Lake Ridge Elderly Development Inc?
The Lake Ridge Elderly Development Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.fellowshipsquare.org
Learn more at the official website: www.fellowshipsquare.org
Mission Statement of Lake Ridge Elderly Development Inc
Lake Ridge Elderly Development Inc, a nonprofit organization, is dedicated to providing affordable housing and essential services for low-income seniors and individuals with physical disabilities. Their mission is to create a living environment that caters to the needs of older adults, who often have limited financial resources.
Lake Ridge Elderly Development Inc has been serving this population since 1960, offering quality, independent living apartments in Reston, Virginia, Woodbridge, Virginia, and Upper Marlboro, Maryland. The organization's flagship property, Fellowship Square, has housed over 3,000 residents, providing them with a sense of community and convenience. Lake Ridge Fellowship House, opened in 1983, offers 100 units of independent living with easy access to a local shopping plaza, making daily errands a breeze for residents.
The organization operates under Section 223(F) of the National Housing Act and participates in the Section 8 Housing Assistance Payment Program. Lake Ridge Elderly Development Inc is regulated by the US Housing and Urban Development Agency, ensuring that rent charges and operational methods are fair and appropriate for the residents it serves. Overall, Lake Ridge Elderly Development Inc is committed to enhancing the lives of seniors and physically disabled individuals by providing them with affordable housing and vital services.
Impact
This information is meant to be a general summary of Lake Ridge Elderly Development Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Lake Ridge Elderly Development Inc, also known as Fellowship Square, has had a significant impact on the lives of low-income seniors and physically disabled individuals since its establishment in 1960. By providing affordable housing and services to those with limited resources, this organization has positively influenced the well-being and quality of life for more than 3,000 residents in Reston and Woodbridge, Virginia, as well as Upper Marlboro, Maryland.
Lake Ridge Fellowship House, which opened in 1983, offers 100 units of independent living along with common spaces for various activities, social events, and healthcare presentations. The property's strategic location adjacent to a local shopping plaza further enhances the convenience and accessibility for residents in fulfilling their daily needs.
Through its adherence to Section 223(F) of the National Housing Act and participation in the Section 8 Housing Assistance Payment Program, Lake Ridge Elderly Development Inc ensures that its housing services remain affordable and regulated. This commitment to providing secure and affordable housing options for older adults reflects the organization's dedication to its mission of supporting the well-being of seniors in the community.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$1,674,652
Organization Details
Founding Year
1983
Phone
(703) 494-4455
Principal Officer
Kathleen Harding
Main Address
11260 ROGER BACON DRIVE STE 20, RESTON, VA, 20190
Website
www.fellowshipsquare.org
NTEE Category
Code: L21 - Housing
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