Overview
What is Lifeline For The Empowerment And Development Of Consumers Inc?
Lifeline For The Empowerment And Development Of Consumers Inc, located at 8 North State Street 300, Painesville, Ohio 44077, is a nonprofit organization dedicated to assisting individuals in Lake County. Their primary mission is to help customers secure safe and affordable rental housing. Beyond housing, they offer emergency aid, budget counseling, and life skills training to promote self-sufficiency. With a focus on empowering consumers, this organization aims to improve the lives of those in need by providing essential resources and guidance.
Official website here: www.lclifeline.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 2 Stars (69%)**
Lifeline For The Empowerment And Development Of Consumers Inc has received a 2-star rating from Charity Navigator, indicating room for improvement in their financial health and governance practices. The evaluation primarily stems from their Accountability & Finance score, which highlights strengths such as having a fully independent board and well-audited financial statements. However, significant shortcomings were noted, including the absence of essential policies like conflict of interest and whistleblower protections.
The organization demonstrates a strong commitment to program spending, evidenced by a high program expense ratio of 99.07%. Nonetheless, their liabilities to assets ratio raised concerns, signaling potential risks in financial sustainability. While the charity operates independently and receives substantial support from public and government sources, its infrastructure poses risks that could affect its long-term reliability as a nonprofit.
Unfortunately, user reviews from GreatNonprofits are not available at this time. Overall, while Lifeline for the Empowerment And Development Of Consumers Inc shows potential in certain financial practices, it must address governance policy shortcomings to improve its overall rating and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Lifeline For The Empowerment And Development Of Consumers Inc legitimate?
Lifeline For The Empowerment And Development Of Consumers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lifeline For The Empowerment And Development Of Consumers 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: $86,864
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,018,860
For more financial information, click here
Official website here: www.lclifeline.org
What is the mission statement of Lifeline For The Empowerment And Development Of Consumers Inc?
Lifeline For The Empowerment And Development Of Consumers Inc, as an organization, is committed to providing emergency assistance, budget counseling, and life skills training. The primary goal is to enhance self-sufficiency among its recipients. This mission is achieved through the provision of essential services to improve individuals' financial management and personal development skills. The housing program, specifically, assists customers in securing safe and affordable rental housing throughout Lake County.
Official website here: www.lclifeline.org
Who is the CEO of Lifeline For The Empowerment And Development Of Consumers Inc?
Carrie Dotson is the Executive Director of Lifeline For The Empowerment And Development Of Consumers Inc.
Official website here: www.lclifeline.org
What is the revenue of Lifeline For The Empowerment And Development Of Consumers Inc?
Lifeline For The Empowerment And Development Of Consumers Inc's revenue in 2022 was $7,675,886.
Official website here: www.lclifeline.org
Who are the executives of Lifeline For The Empowerment And Development Of Consumers Inc and what are their salaries?
The average compensation at Lifeline For The Empowerment And Development Of Consumers Inc during 2022 was $30,715. There are 36 employees at Lifeline For The Empowerment And Development Of Consumers Inc.
Here are 19 key members and their salaries:
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Official website here: www.lclifeline.org
Where can I find the form 990 for Lifeline For The Empowerment And Development Of Consumers Inc?
Lifeline For The Empowerment And Development Of Consumers Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lclifeline.org
Learn more at the official website: www.lclifeline.org
Mission Statement of Lifeline For The Empowerment And Development Of Consumers Inc
Lifeline For The Empowerment And Development Of Consumers Inc, a nonprofit organization, is dedicated to providing emergency assistance, budget counseling, and life skills training. Their mission is to empower individuals and improve their self-sufficiency. Through these offerings, they aim to help individuals gain the necessary tools to manage their finances and live independently.
The housing program of Lifeline For The Empowerment And Development Of Consumers Inc is a significant part of their mission. This program assists customers in obtaining safe and affordable rental housing throughout Lake County. By providing this service, the organization helps ensure that individuals have a stable living environment, which is a crucial step towards self-sufficiency. The nonprofit's comprehensive approach to empowerment includes not only emergency assistance and budget counseling but also life skills training, equipping individuals with the necessary skills to navigate various aspects of their lives with confidence and independence.
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Impact
October, 2024
Lifeline For The Empowerment And Development Of Consumers Inc significantly impacts the community by offering essential services designed to enhance self-sufficiency and improve quality of life. Through its emergency assistance program, it provides immediate support to individuals and families facing financial crises, ensuring their basic needs are met during challenging times.
The organization also offers budget counseling, which equips clients with vital financial management skills. This guidance empowers individuals to make informed decisions about their finances, helping them to create sustainable budgets and manage their resources more effectively.
Additionally, the life skills training offered by Lifeline plays a crucial role in fostering independence among participants. By teaching practical skills necessary for daily living and economic stability, the program enhances participants' ability to thrive in their environments.
The housing program specifically addresses the urgent need for safe and affordable rental housing in Lake County. By assisting clients in finding suitable housing options, Lifeline not only helps alleviate homelessness and housing insecurity but also contributes to the overall well-being of the community.
Overall, Lifeline For The Empowerment And Development Of Consumers Inc fosters resilience and empowerment, enabling individuals and families to break the cycle of poverty and build more stable futures.
This information is meant to be a general summary of Lifeline For The Empowerment And Development Of Consumers 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: $20,072
- Gross Receipts: $7,798,314
Assets and Liabilities:
- Total Assets: $3,114,327
- Total Liabilities: $2,438,800
- Net Assets: $675,527
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Organization Details
Founding Year
1973
Phone
(440) 354-2148Principal Officer
Carrie Dotson
Main Address
8 NORTH STATE STREET 300, PAINESVILLE, OH, 44077
Website
www.lclifeline.orgNTEE Category
Code: P600 - Human services
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