Overview
What is Lackawanna Neighbors Inc?
Lackawanna Neighbors Inc is a nonprofit organization situated in Scranton, Pennsylvania, dedicated to providing affordable housing solutions for low and moderate-income families residing in Scranton and Lackawanna County. Through property management services, the organization manages two apartment complexes owned by fellow non-profit entities, ensuring cleanliness, quality, and safety for around 250 residential units, including common areas like lawns, sidewalks, green spaces, and parking lots. Moreover, Lackawanna Neighbors Inc actively seeks grant funding and projects to acquire and rehabilitate older or neglected homes, aiming to sell them to first-time homebuyers.
Official website here: www.lackawannaneighbors.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
Lackawanna Neighbors Inc has achieved a score of 76%, indicative of a solid performance in terms of accountability and finance. The organization benefits from a fully independent board, scoring full points in both board independence and size. It also demonstrates strong financial management with a low liabilities to assets ratio and a high program expense ratio, allocating approximately 82.69% of its expenses directly to programs.
However, there are notable areas for improvement. The organization lacks several key policies, such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, all of which received zero points. Additionally, the absence of the tax form on the nonprofit's website is a setback, as transparency in financial documentation is crucial for donor trust and accountability.
Overall, while Lackawanna Neighbors Inc exhibits a commendable financial structure and independent governance, addressing its policy deficiencies will be essential for enhancing its overall rating and public perception.
This AI summary has been generated from information found on Charity Navigator.
Is Lackawanna Neighbors Inc legitimate?
Lackawanna Neighbors Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lackawanna Neighbors 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $21,703
For more financial information, click here
Official website here: www.lackawannaneighbors.com
What is the mission statement of Lackawanna Neighbors Inc?
Lackawanna Neighbors Inc's mission is centered around providing affordable housing solutions for low and moderate-income families. The organization strives to make a difference in the community by managing two apartment complexes, ensuring that rents remain significantly below market value. This affordability is essential to serve families and individuals in need. The organization is responsible for maintaining the cleanliness, quality, and safety of the apartments and common areas, including lawns, sidewalks, green spaces, and parking lots. Lackawanna Neighbors Inc is also actively seeking grant funding and projects to acquire older or neglected homes, with the intention of rehabilitating them and selling them to first-time home buyers.
Official website here: www.lackawannaneighbors.com
Who is the CEO of Lackawanna Neighbors Inc?
Ed Mott is the Executive Di of Lackawanna Neighbors Inc.
Official website here: www.lackawannaneighbors.com
What is the revenue of Lackawanna Neighbors Inc?
Lackawanna Neighbors Inc's revenue in 2022 was $53,192.
Official website here: www.lackawannaneighbors.com
Who are the executives of Lackawanna Neighbors Inc and what are their salaries?
There 5 volunteers at Lackawanna Neighbors Inc.
Here are 19 key members and their salaries:
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Official website here: www.lackawannaneighbors.com
Where can I find the form 990 for Lackawanna Neighbors Inc?
Lackawanna Neighbors Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lackawannaneighbors.com
Learn more at the official website: www.lackawannaneighbors.com
Mission Statement of Lackawanna Neighbors Inc
Lackawanna Neighbors Inc, a non-profit organization, is dedicated to providing affordable housing solutions for low and moderate-income families. Their mission is centered around this objective, extending beyond just offering housing. The organization actively manages two apartment complexes in Pennsylvania, ensuring that rental costs remain well below the market value, making them accessible to families in need. Lackawanna Neighbors Inc takes care of the day-to-day affairs of approximately 250 residential units, focusing on maintaining the cleanliness, quality, and safety of the apartments and common areas, including lawns, sidewalks, green spaces, and parking lots.
Beyond property management, Lackawanna Neighbors Inc is also actively pursuing grant funding and projects to expand its impact. The organization aims to purchase older or neglected homes and rehabilitate them for the purpose of selling these residences to first-time home buyers. By doing so, they contribute to the overall housing market, providing affordable homes to those who may otherwise struggle to secure them. Lackawanna Neighbors Inc's mission is a testament to its commitment to improving living conditions and providing sustainable housing solutions for low-income families.
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Impact
August, 2024
Lackawanna Neighbors Inc's impact lies in providing affordable housing to low and moderate-income families in Scranton and surrounding Lackawanna County, PA. The organization manages two apartment complexes owned by fellow non-profit organizations, offering residences at rents significantly below market value. By maintaining and overseeing the day-to-day affairs of approximately 250 residential units, including ensuring cleanliness, quality, and safety, Lackawanna Neighbors Inc contributes to creating stable and secure living environments for those in need. Furthermore, their ongoing pursuit of grant funding and renovation projects to rehabilitate neglected homes for first-time homebuyers demonstrates a commitment to addressing housing challenges in the community. Overall, Lackawanna Neighbors Inc plays a crucial role in promoting access to affordable housing for vulnerable populations in the region.
This information is meant to be a general summary of Lackawanna Neighbors 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 2022.
- Investment Income: $477
- Program Service Revenue: $50,691
- Gross Receipts: $53,192
Assets and Liabilities:
- Total Assets: $562,713
- Total Liabilities: $112
- Net Assets: $562,601
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROPERTY MANAGEMENT FEES
Revenue
$47,876
AUTO USAGE FEES
Revenue
$2,815
Organization Details
Founding Year
1968
Phone
(570) 963-7616Principal Officer
Ed Mott
Main Address
670 ADAMS AVENUE, SCRANTON, PA, 185102027
Website
www.lackawannaneighbors.comNTEE Category
Code: L20 - Housing
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