Lenox Acres Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237222170 ✦ Independence, IA ✦ Designated as a 501(c)(4)

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Overview

What is Lenox Acres Inc?

Lenox Acres Inc, established in Independence, Iowa, serves as a nonprofit organization dedicated to providing affordable housing for individuals with limited income. Acting as public housing facilities, Lenox Acres offers a vital service by accommodating residents in need. The organization's primary mission revolves around this critical aspect, ensuring that housing remains accessible for those within the lower income bracket.

Is Lenox Acres Inc legitimate?

Lenox Acres Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Lenox Acres Inc submitted a form 990EZ, 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.

What is the mission statement of Lenox Acres Inc?

Lenox Acres Inc, as an organization, focuses on providing low-income rental housing as its primary mission. Operating as public housing facilities, Lenox Acres aims to offer affordable housing solutions to individuals in need. The organization does not disclose specific programs or initiatives beyond its core mission of addressing housing affordability concerns. Lenox Acres Inc does not reveal any details about its scope, target audience, or any additional support services it may provide. The available information is limited to stating that Lenox Acres Inc provides low-income rental housing in a public setting.

Who is the CEO of Lenox Acres Inc?

Nathan Freeze is the President of Lenox Acres Inc.

What is the revenue of Lenox Acres Inc?

Lenox Acres Inc's revenue in 2022 was $90,095.

Who are the executives of Lenox Acres Inc and what are their salaries?


Here are 8 key members and their salaries:


Elmer Feldman (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Lamont (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nathan Freeze (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Feldman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dave Klaren (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Porter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kyle Wilson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Dingbaum (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Lenox Acres Inc?

Lenox Acres Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Lenox Acres Inc

Lenox Acres Inc, as a nonprofit organization, is committed to providing low-income rental housing as its primary mission. Operating as public housing facilities, Lenox Acres Inc aims to serve individuals and families in need of affordable housing solutions. By doing so, the organization contributes to the well-being of its community, providing a vital service that enables people to maintain a stable living environment. Lenox Acres Inc's mission is to ensure that everyone has access to decent, affordable housing, regardless of their financial situation.

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Impact




October, 2024

Lenox Acres Inc plays a vital role in addressing housing needs for low-income individuals and families in Independence, IA. By providing affordable rental housing, it ensures that residents have access to safe and stable living environments. This initiative not only contributes to improved quality of life for these families but also fosters community stability and economic development within the area.

Through its public housing facilities, Lenox Acres directly impacts the local population by reducing homelessness and supporting those facing financial challenges. The availability of low-income housing helps mitigate the effects of poverty, allowing residents to focus on employment and education opportunities, ultimately breaking the cycle of economic hardship. In summary, Lenox Acres Inc serves as a crucial resource for the community, promoting stability, empowerment, and a more inclusive society.




This information is meant to be a general summary of Lenox Acres 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.

Revenue
$90,095 (2022)
Expenses
$101,701 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $249
  • Program Service Revenue: $89,846
  • Gross Receipts: $90,095

Assets and Liabilities:

  • Total Assets: $254,112
  • Total Liabilities: $45,668
  • Net Assets: $208,444

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Organization Details

Principal Officer

Nathan Freeze

Main Address

302 FIRST STREET EAST, INDEPENDENCE, IA, 50644

NTEE Category

Code: L21 - Housing

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