Lexington Housing Development Corporation

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

EIN: 261596578 ✦ Lexington, NE ✦ Designated as a 501(c)(3)

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Overview

What is Lexington Housing Development Corporation?

Lexington Housing Development Corporation, under the leadership of John Salem, is a dedicated nonprofit organization in Nebraska. Their primary mission is to offer affordable housing options, ensuring safety and quality at reasonable costs. They achieve this by collaborating with other entities, providing rental assistance and various related services to their community in a non-discriminatory manner. The corporation's ultimate goal is to become the preferred choice for affordable housing in the area.

Is Lexington Housing Development Corporation legitimate?

Lexington Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lexington Housing 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $36,528

For more financial information, click here

What is the mission statement of Lexington Housing Development Corporation?

The Lexington Housing Development Corporation is dedicated to being the region's preferred choice for affordable housing. They accomplish this by providing and maintaining safe, high-quality housing at a reasonable cost. To extend their reach, they collaborate with various entities to offer rental assistance and additional related services to their community, all conducted in a non-discriminatory manner.

Who is the CEO of Lexington Housing Development Corporation?

John Salem is the Director of Lexington Housing Development Corporation.

What is the revenue of Lexington Housing Development Corporation?

Lexington Housing Development Corporation's revenue in 2022 was $303,028.

Who are the executives of Lexington Housing Development Corporation and what are their salaries?


Here are 4 key members and their salaries:


William Brecks (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vance Bricker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kyle Ferguson (Resident)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Salem (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Lexington Housing Development Corporation?

Lexington Housing Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Lexington Housing Development Corporation

Lexington Housing Development Corporation, led by John Salem, is committed to being the preferred provider of affordable housing in the area. Their mission is to ensure the availability of safe and high-quality housing at a reasonable cost. To achieve this goal, they collaborate with various entities within their community. Their mission extends beyond just providing housing, as they also offer rental assistance and related services in a non-discriminatory manner.

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Impact




October, 2024

Lexington Housing Development Corporation plays a vital role in enhancing the community by ensuring access to safe, quality, and affordable housing. By prioritizing cost-effective solutions and collaborating with various partners, they deliver rental assistance and related services to those in need. Their approach is dedicated to inclusivity, providing support in a non-discriminatory manner, which fosters a welcoming environment for all residents. This commitment not only addresses immediate housing needs but also contributes to the overall stability and wellbeing of the Lexington community. The organization's efforts position it as a pivotal choice for affordable housing, making a significant positive impact on the lives of many individuals and families in the area.




This information is meant to be a general summary of Lexington Housing 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.

Revenue
$303,028 (2022)
Expenses
$205,836 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $13
  • Program Service Revenue: $303,015
  • Gross Receipts: $303,028

Assets and Liabilities:

  • Total Assets: $1,126,249
  • Total Liabilities: $33,120
  • Net Assets: $1,093,129

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

DWELLING RENTAL

Revenue

$292,541

OTHER TENANT REVENUE

Revenue

$10,474

Organization Details

Founding Year

2007

Principal Officer

John Salem

Main Address

609 E 3RD STREET, LEXINGTON, NE, 68850

NTEE Category

Code: L80 - Housing

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