Overview
What is Lake Serenity Inc?
Lake Serenity Inc, based in Germantown, Tennessee, is a nonprofit organization dedicated to serving low-income elderly individuals. Under the agreement with the Department of Housing and Urban Development, they provide housing solutions through Section 202 of the National Housing Act. This initiative aims to enhance the living conditions and provide a supportive environment for this specific demographic.
Official website here: www.lakeserenity.com
Is Lake Serenity Inc legitimate?
Lake Serenity Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Serenity 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: $19,775
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Official website here: www.lakeserenity.com
What is the mission statement of Lake Serenity Inc?
Lake Serenity Inc, as per its mission, is dedicated to providing housing for elderly individuals with limited income. This commitment is made under Section 202 of the National Housing Act, and the organization operates under an agreement with the Department of Housing and Urban Development (HUD). The primary goal of Lake Serenity Inc is to offer a suitable living space for this specific demographic, aiming to contribute positively to their well-being and quality of life.
Official website here: www.lakeserenity.com
Who is the CEO of Lake Serenity Inc?
Jesse Horton Sr is the CEO of Lake Serenity Inc The CEO's salary of Lake Serenity Inc is $0 and their total compensation is $0.
Official website here: www.lakeserenity.com
What is the revenue of Lake Serenity Inc?
Lake Serenity Inc's revenue in 2024 was $165,296.
Official website here: www.lakeserenity.com
Who are the executives of Lake Serenity Inc and what are their salaries?
Here are 7 key members and their salaries (Lake Serenity Inc's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.lakeserenity.com
Where can I find the form 990 for Lake Serenity Inc?
Lake Serenity Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.lakeserenity.com
Learn more at the official website: www.lakeserenity.com
Mission Statement of Lake Serenity Inc
Lake Serenity Inc, a nonprofit organization, is committed to providing housing solutions for low-income elderly individuals. This mission is carried out under the stipulations of Section 202 of the National Housing Act, and it operates under an agreement with the Department of Housing and Urban Development (HUD). By offering housing, Lake Serenity Inc aims to provide a safe and secure living environment for this vulnerable population, ensuring they can age with dignity and independence. The organization's work is instrumental in alleviating housing-related challenges faced by the elderly, thereby contributing to their overall well-being.
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Impact
October, 2024
Lake Serenity Inc significantly impacts the community by providing stable, affordable housing to low-income elderly individuals. Operating under the Section 202 program of the National Housing Act, it ensures that vulnerable seniors in Germantown, TN, have access to safe and suitable living conditions. This organization not only addresses the pressing need for affordable housing but also fosters a sense of community and belonging among its residents. By partnering with the Department of HUD, Lake Serenity Inc plays a crucial role in enhancing the quality of life for elderly persons who may otherwise struggle to find adequate housing, ultimately promoting their health, well-being, and independence.
This information is meant to be a general summary of Lake Serenity 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 2024.
- Investment Income: $3,554
- Program Service Revenue: $161,742
- Gross Receipts: $165,296
Assets and Liabilities:
- Total Assets: $1,829,171
- Total Liabilities: $23,286
- Net Assets: $1,805,885
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL OF ELDERLY HOUSING
Revenue
$161,742
Organization Details
Founding Year
2007
Phone
(901) 759-7284Principal Officer
Millicent Bingham
Main Address
2171 JUDICIAL DRIVE SUITE 200, GERMANTOWN, TN, 38138
Website
www.lakeserenity.comNTEE Category
Code: L22 - Housing
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