Overview
What is Lancaster Equity Inc?
Lancaster Equity Inc, based in Lancaster County, Pennsylvania, is a dedicated nonprofit organization. Their primary mission is to provide and maintain 80 units of affordable housing for low-income families and individuals. Beyond housing, they strive to uplift the community by coordinating initiatives aimed at neighborhood revitalization, promoting living wage employment, fostering entrepreneurship, and ensuring access to safe and affordable housing. Their overarching goal is to create an environment where everyone has the opportunity to thrive.
Is Lancaster Equity Inc legitimate?
Lancaster Equity Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lancaster Equity 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.
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What is the mission statement of Lancaster Equity Inc?
Lancaster Equity Inc's mission is to facilitate the advancement of communities, ensuring everyone has an opportunity to prosper. This is achieved through various means such as neighborhood revitalization, promoting living wage employment, fostering entrepreneurship, and ensuring access to safe and affordable housing. The organization coordinates these efforts with the aim of creating environments where everyone can thrive.
In addition to coordinating efforts, Lancaster Equity Inc also maintains 80 units of affordable housing for low-income families and individuals. This housing provision is a practical manifestation of their commitment to ensuring everyone has equal opportunities, regardless of their financial circumstances.
The organization's mission is a testament to its dedication to improving communities and providing equitable opportunities for all its residents.
What is the revenue of Lancaster Equity Inc?
Lancaster Equity Inc's revenue in 2024 was $41,482.
Who are the executives of Lancaster Equity Inc and what are their salaries?
There 21 volunteers at Lancaster Equity Inc.
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Where can I find the form 990 for Lancaster Equity Inc?
Lancaster Equity Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Lancaster Equity Inc
Lancaster Equity Inc, an organization committed to equality, works towards coordinating efforts to enhance communities where everyone has the chance to prosper. This is achieved through various avenues, including neighborhood revitalization, the promotion of living wage jobs, fostering entrepreneurship, and ensuring safe and affordable housing. The mission of Lancaster Equity Inc is to create opportunities for all, enabling communities to thrive and grow.
In practical terms, Lancaster Equity Inc maintains 80 units of quality, affordable housing for low-income families and individuals in Lancaster County, Pennsylvania. This commitment to providing affordable housing is a crucial part of their mission to enhance communities and ensure everyone has the chance to thrive. By offering affordable housing, Lancaster Equity Inc is helping to create stable living environments, which in turn can lead to improved quality of life and opportunities for growth for the individuals and families living there.
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Impact
October, 2024
Lancaster Equity Inc has a significant impact on the communities it serves by fostering environments where all residents have the opportunity to thrive. By focusing on neighborhood revitalization, the organization enhances the overall quality of life in Lancaster County, Pennsylvania.
One of its key contributions is the maintenance of 80 units of quality, affordable housing, which provides low-income families and individuals with safe and reliable living conditions. This initiative not only addresses immediate housing needs but also helps to stabilize communities and promote long-term growth.
Furthermore, Lancaster Equity Inc supports living wage work and entrepreneurship, empowering residents with the resources and opportunities necessary to improve their economic prospects. Through these comprehensive efforts, the organization plays a crucial role in advancing social equity and creating vibrant, sustainable neighborhoods where everyone can succeed.
This information is meant to be a general summary of Lancaster Equity Inc. 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 2024.
- Investment Income: $61
- Program Service Revenue: $41,421
- Gross Receipts: $41,482
Assets and Liabilities:
- Total Assets: $1,919,380
- Total Liabilities: $61,387
- Net Assets: $1,857,993
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTNERSHIP INCOME
Revenue
$41,421
Organization Details
Founding Year
1997
Principal Officer
Vanessa Philbert
NTEE Category
Code: L20 - Housing
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