Overview
What is Lancer Educational Housing Corporation?
Lancer Educational Housing Corporation is a nonprofit organization based in Riverside, California, with the address 8432 Magnolia Ave, ZIP code 92504. Their primary mission is to optimize the utilization of housing resources by acquiring, constructing, and owning residential facilities for California Baptist University (CBU), students, faculty, and staff. By purchasing and leasing housing stock to these groups, Lancer Educational Housing Corporation plays a crucial role in furthering the educational experience and support of the CBU community.
What are the reviews and ratings of this charity?
Charity Navigator Rating 75% - Three-Star out of Four Star Rating
Lancer Educational Housing Corporation has received a Three-Star rating from Charity Navigator, with an overall score of 75%. This score reflects the organization's strong performance in Accountability and Finance, which is crucial for ensuring transparency and effective use of funds. The organization has demonstrated robust financial practices, which contribute to its positive standing.
Strengths include a high program expense ratio of 97.78%, indicating that most of its resources are directed towards its educational mission. Additionally, the organization has a well-structured governance model with a majority of independent board members, ensuring objectivity in decision-making. The presence of a solid audit and oversight committee, along with documented policies for conflict of interest and record retention, further underscores its commitment to accountability.
While the organization shows significant strengths in financial management and governance, the single beacon score means that aspects like fundraising efficiency and operational effectiveness are not highlighted in this evaluation. Overall, Lancer Educational Housing Corporation appears to be effectively managed, making it a potentially reliable choice for donors focused on accountability in nonprofit organizations.
This AI summary has been generated from information found on Charity Navigator.
Is Lancer Educational Housing Corporation legitimate?
Lancer Educational Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lancer Educational Housing 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Lancer Educational Housing Corporation?
Lancer Educational Housing Corporation plays a crucial role in facilitating the education and support of students, faculty, and staff at California Baptist University (CBU) by acquiring and constructing housing stock, and then leasing it to both the university and individuals. The corporation's mission is geared towards maximizing the efficient use of housing resources, achieving this by leasing properties to CBU and owning residential facilities for students, faculty, and staff. By doing so, Lancer Educational Housing Corporation contributes significantly to the living and learning environment at California Baptist University.
Who is the CEO of Lancer Educational Housing Corporation?
Mark Howe is the Prsident of Lancer Educational Housing Corporation.
What is the revenue of Lancer Educational Housing Corporation?
Lancer Educational Housing Corporation's revenue in 2022 was $25,714,110.
Who are the executives of Lancer Educational Housing Corporation and what are their salaries?
There 3 volunteers at Lancer Educational Housing Corporation.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $888,550
- Other: $63,808
- Compensation: $0
- Related: $416,087
- Other: $58,081
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Lancer Educational Housing Corporation?
Lancer Educational Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lancer Educational Housing Corporation
Lancer Educational Housing Corporation, a renowned organization, plays a significant role in the education and support of California Baptist University (CBU) students, faculty, and staff. Instead of just leasing housing stock to the university, the corporation goes the extra mile by purchasing and constructing residential facilities specifically for this purpose.
By efficiently utilizing housing resources, Lancer Educational Housing Corporation not only leases properties to CBU but also acquires, constructs, and owns additional residential facilities for students, faculty, and staff. This commitment ensures a steady supply of accommodation options for the university community, ultimately contributing to a thriving academic environment.
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Impact
October, 2024
Lancer Educational Housing Corporation plays a crucial role in enhancing the educational experience at California Baptist University (CBU) by addressing the housing needs of its students, faculty, and staff. By acquiring and constructing residential facilities, it maximizes the efficient use of housing resources in the Riverside area, ensuring that members of the CBU community have access to comfortable and convenient living arrangements. This support not only fosters a conducive environment for learning but also strengthens the overall campus community by making it easier for students and faculty to engage fully in their academic and professional pursuits. Through its dedicated efforts to provide quality housing, Lancer Educational Housing Corporation directly contributes to student success and well-being at CBU.
This information is meant to be a general summary of Lancer Educational Housing 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.
- Investment Income: $5,794
- Program Service Revenue: $25,708,316
- Gross Receipts: $25,714,110
Assets and Liabilities:
- Total Assets: $202,516,837
- Total Liabilities: $186,573,573
- Net Assets: $15,943,264
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT HOUSING FEES
Revenue
$21,319,907
LEASE INCOME
Revenue
$4,388,409
Organization Details
Founding Year
2007
Phone
(951) 343-4211Principal Officer
Mark Howe
Main Address
8432 MAGNOLIA AVE, RIVERSIDE, CA, 92504
NTEE Category
Code: B80 - Education
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