Overview
What is Lincoln Civic Housing Inc?
Lincoln Civic Housing Inc is a nonprofit organization situated in Lincoln, Nebraska. Their primary mission is to promote and advance affordable housing projects for the city's low-income residents. They achieve this by financing the acquisition, construction, and rehabilitation of housing facilities, as well as providing rent subsidies through programs funded by the U.S. government and the Department of Housing and Urban Development. By leasing properties to the Housing Authority of the City of Lincoln, they ensure the availability of low-income housing within the city, and they also manage these facilities to improve living conditions for the residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33%, Zero-Star out of Four Star rating
Lincoln Civic Housing Inc has received a low score of 33% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. While the organization demonstrates strong governance with a board composed entirely of independent members, it falls short in essential areas such as transparency and policy implementation.
The organization has not provided crucial documents on its website, including its tax form, conflict of interest policy, and whistleblower policy, which has negatively impacted its overall rating. Despite having no material diversion of assets and maintaining accurate board meeting minutes, the absence of these key policies raises questions about its operational integrity.
Moreover, the charity's financial metrics indicate a very low program expense ratio of 0.41%, suggesting limited funds are directed toward its intended programs. This combination of governance strengths and financial weaknesses prompts potential donors to exercise caution before contributing to Lincoln Civic Housing Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Lincoln Civic Housing Inc legitimate?
Lincoln Civic Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lincoln Civic Housing 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: $0
For more financial information, click here
What is the mission statement of Lincoln Civic Housing Inc?
Lincoln Civic Housing Inc's primary mission is to promote and advance affordable housing projects and related facilities for low-income residents. This is achieved by financing the acquisition, construction, and rehabilitation of one or more facilities within the city. The organization also aims to improve living conditions by providing affordable housing through rent subsidy programs provided by the US government and the Department of Housing and Urban Development. Furthermore, Lincoln Civic Housing Inc holds title to certain dwellings and real estate within the city, leasing these properties to the Housing Authority to be used for providing low-income housing. Lastly, the organization serves as the manager of low-income housing.
Who is the CEO of Lincoln Civic Housing Inc?
Chris Lamberty is the Secretary/Treas of Lincoln Civic Housing Inc.
What is the revenue of Lincoln Civic Housing Inc?
Lincoln Civic Housing Inc's revenue in 2022 was $54,884.
Who are the executives of Lincoln Civic Housing Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $138,304
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Lincoln Civic Housing Inc?
Lincoln Civic Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lincoln Civic Housing Inc
Lincoln Civic Housing Inc is dedicated to promoting and advancing affordable housing projects and related facilities for low-income residents. The organization achieves this by financing the acquisition, construction, and rehabilitation of facilities within its jurisdiction. By doing so, it aims to provide affordable housing and improve living conditions for these residents. Lincoln Civic Housing Inc achieves this through rent subsidy programs provided by the US government and the Department of Housing and Urban Development. In addition, the organization holds title to certain dwellings and real estate, leasing these properties to the Housing Authority of the City of Lincoln to be used in providing low-income housing. Furthermore, Lincoln Civic Housing Inc serves as the manager of low-income housing, ensuring that these facilities are well-maintained and meet the needs of their residents. Through these efforts, Lincoln Civic Housing Inc plays a crucial role in providing affordable housing solutions for low-income individuals and families.
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Impact
August, 2024
Lincoln Civic Housing Inc's impact is focused on providing rent subsidies and low-income housing to low-income individuals in Lincoln, Nebraska. By promoting and advancing affordable housing projects and related facilities, the organization helps improve living conditions for residents in need. Through financing the acquisition, construction, and rehabilitation of facilities, as well as providing affordable housing through rent subsidy programs, Lincoln Civic Housing Inc contributes to the well-being of low-income individuals in the city. Additionally, by holding title to certain dwellings and real estate and leasing them to the Housing Authority of the City of Lincoln for low-income housing purposes, the organization plays a crucial role in addressing housing challenges faced by the community.
This information is meant to be a general summary of Lincoln Civic Housing 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.
- Program Service Revenue: $54,884
- Gross Receipts: $54,884
Assets and Liabilities:
- Total Assets: $2,071,590
- Total Liabilities: $155
- Net Assets: $2,071,435
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FINANCING REVENUE
Revenue
$54,884
Organization Details
Founding Year
1995
Phone
(402) 434-5500Principal Officer
Chris Lamberty
Main Address
5700 R ST, LINCOLN, NE, 68505
NTEE Category
Code: L80 - Housing
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