Overview
What is Scranton-Lackawanna Resources Development Corporation?
Scranton-Lackawanna Resources Development Corporation is a nonprofit organization situated in Scranton, Pennsylvania. Their primary mission is to offer affordable housing options for the residents of Lackawanna County, catering to the needs of elderly individuals and those with physical disabilities. They accomplish this by constructing and managing housing facilities that are specifically designed to meet the physical, social, and psychological requirements of these groups. The organization operates with the aim of making housing accessible and affordable for those in need, contributing positively to the local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54% (One-Star out of Four Star rating)
The Scranton-Lackawanna Resources Development Corporation has received a score of 54%, resulting in a One-Star rating. This score highlights significant concerns regarding the organization's financial management and program expenses. While the charity displays strong governance features, such as a fully independent board and comprehensive conflict of interest and whistleblower policies, these strengths are overshadowed by its low financial performance metrics.
A notable area of concern is the program expense ratio, which is reported at 0.00%. This indicates that the organization may not be allocating any funds toward its designated programs, raising questions about its operational effectiveness and impact. Additionally, a liabilities to assets ratio of 8.13% suggests potential financial instability, further complicating the organization's overall financial health.
Despite these challenges, the Scranton-Lackawanna Resources Development Corporation maintains strong accountability practices, as shown by its perfect scores in several governance areas. However, for potential donors and stakeholders, the lack of program expenditure may warrant careful consideration before contributing, as it raises concerns about the charity's ability to fulfill its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Scranton-Lackawanna Resources Development Corporation legitimate?
Scranton-Lackawanna Resources Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Scranton-Lackawanna Resources Development Corporation 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.
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What is the mission statement of Scranton-Lackawanna Resources Development Corporation?
The Scranton-Lackawanna Resources Development Corporation is dedicated to providing affordable housing solutions for individuals residing in the county. This non-profit organization's primary mission is to develop housing facilities tailored to the needs of low and moderate-income earners, as well as elderly persons and individuals with physical impairments. By doing so, the corporation aims to contribute to the overall well-being of the community by addressing the essential need for suitable housing.
Who is the CEO of Scranton-Lackawanna Resources Development Corporation?
William E Cockerill is the President of Scranton-Lackawanna Resources Development Corporation.
What is the revenue of Scranton-Lackawanna Resources Development Corporation?
Scranton-Lackawanna Resources Development Corporation's revenue in 2023 was $51,582.
Who are the executives of Scranton-Lackawanna Resources Development Corporation and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Scranton-Lackawanna Resources Development Corporation?
Scranton-Lackawanna Resources Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Scranton-Lackawanna Resources Development Corporation
Scranton-Lackawanna Resources Development Corporation, a nonprofit organization, is committed to providing affordable housing solutions for the residents of Lackawanna County. This mission extends beyond just offering housing; the corporation also focuses on creating facilities tailored to the specific needs of elderly individuals and those with physical impairments. These housing facilities aim to cater to the physical, social, and psychological needs of their residents, ensuring they live in an environment that supports their well-being. By providing affordable housing, Scranton-Lackawanna Resources Development Corporation contributes significantly to enhancing the living conditions of its community members, thereby promoting a more inclusive and equitable society.
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Impact
August, 2024
Scranton-Lackawanna Resources Development Corporation's impact is significant as it provides affordable housing to the residents of Lackawanna County, Pennsylvania. Through the development of low and moderate-income housing, this organization plays a vital role in addressing the housing needs of the community. Additionally, it specifically caters to the housing needs of elderly persons and individuals with physical impairments by providing facilities designed to meet their unique physical, social, and psychological requirements. Overall, Scranton-Lackawanna Resources Development Corporation contributes to enhancing the quality of life for individuals in Lackawanna County by ensuring they have access to safe and affordable housing options.
This information is meant to be a general summary of Scranton-Lackawanna Resources Development Corporation. 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 2023.
- Investment Income: $134
- Gross Receipts: $118,590
Assets and Liabilities:
- Total Assets: $1,030,620
- Total Liabilities: $83,880
- Net Assets: $946,740
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Organization Details
Founding Year
1990
Phone
(570) 963-6836Principal Officer
William E Cockerill
Main Address
123 WYOMING AVENUE 3RD FLOOR 311, SCRANTON, PA, 18503
NTEE Category
Code: P28 - Human services
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