Overview
What is Larue Development Corporation?
Larue Development Corporation is a nonprofit organization situated in La Rue, Ohio. With a focus on social welfare, they offer 36 affordable one and two-bedroom apartments to senior citizens with modest incomes. The monthly rents, inclusive of utilities, are reasonably priced at approximately $300 for a one-bedroom unit and $350 for a two-bedroom apartment. The apartment complex includes essential amenities such as laundry facilities and a social hall, enabling tenants to engage in recreational activities. The organization's core mission is to cater to the housing needs of senior citizens with limited financial resources. With a small workforce of only 4 employees, Larue Development Corporation is committed to making a significant impact in its local community.
Is Larue Development Corporation legitimate?
Larue Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Larue 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $13,693
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Larue Development Corporation?
Larue Development Corporation's mission is centered around providing affordable living solutions. Specifically, they focus on catering to senior citizens with moderate and low income levels. Their mission is actualized by offering a range of 36 one and two-bedroom apartments. The rent for these apartments is reasonably priced, with monthly payments of approximately $300 for a one-bedroom unit and $350 for a two-bedroom unit, inclusive of water and sewer charges. The apartment complex also boasts of amenities such as laundry facilities and a social hall, providing tenants with opportunities for recreational activities.
Who is the CEO of Larue Development Corporation?
Danise Stallsmith is the President, Trustee of Larue Development Corporation.
What is the revenue of Larue Development Corporation?
Larue Development Corporation's revenue in 2022 was $138,074.
Who are the executives of Larue Development Corporation and what are their salaries?
The average compensation at Larue Development Corporation during 2022 was $3,423. There are 4 employees and 9 volunteers at Larue Development Corporation.
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $5,400
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $1,800
- Related: $0
- Other: $0
- Compensation: $4,707
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $1,786
- Related: $0
- Other: $0
Where can I find the form 990 for Larue Development Corporation?
Larue Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Larue Development Corporation
Larue Development Corporation, a nonprofit organization, is dedicated to providing affordable living solutions for senior citizens with moderate to low income. Their primary mission is to offer a selection of 36 apartments, divided between one and two bedroom units. The monthly rent for these apartments is reasonably priced, with one bedroom units costing approximately $300 and two bedroom units around $350. This inclusive rate covers the costs of water and sewer.
The apartment complex constructed by Larue Development Corporation is equipped with essential amenities such as laundry facilities and a social hall. This social hall serves as a recreational space for the tenants, allowing them to engage in various activities. By offering these affordable housing options, Larue Development Corporation aims to contribute to the well-being of senior citizens, ensuring they can live comfortably without the financial burden of exorbitant rent costs.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Larue Development Corporation significantly impacts the community by addressing the critical need for affordable housing among medium and low-income senior citizens in La Rue, Ohio. By providing 36 one and two-bedroom apartments, the organization ensures that seniors can secure stable and affordable living options, with monthly rents as low as $300 for a one-bedroom unit and $350 for a two-bedroom unit, which includes essential utilities like water and sewer.
The development not only offers affordable housing but also fosters a sense of community among its residents. The presence of laundry facilities and a social hall encourages social interaction and recreational activities, enhancing the quality of life for seniors. By creating a supportive living environment, Larue Development Corporation plays a vital role in promoting the well-being and independence of seniors, positively contributing to the overall health of the La Rue community.
This information is meant to be a general summary of Larue 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 2022.
- Program Service Revenue: $135,631
- Gross Receipts: $138,074
Assets and Liabilities:
- Total Assets: $199,317
- Total Liabilities: $178,424
- Net Assets: $20,893
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Senior apartment rental
Revenue
$135,631
Organization Details
Founding Year
1974
Phone
(740) 499-3725Principal Officer
Danise Stallsmith
Main Address
647 N Section St, La Rue, OH, 43332
NTEE Category
Code: L22 - Housing
If you are a representative of Larue Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.