Overview
What is Leonard Housing Corporation?
Leonard Housing Corporation is a nonprofit organization established in Clearfield, Pennsylvania. Their primary focus lies in providing affordable housing for the elderly with low incomes. They have constructed and own a project named Leonard Court, financially backed by HUD Section 202 and subject to its regulations. This project is specifically designed to cater to the housing needs of the elderly community, ensuring they live in a secure and supportive environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star Rating)
Leonard Housing Corporation has earned an 80% overall score, reflecting a solid performance in the Accountability and Finance category. This rating indicates that the organization meets essential financial management and transparency standards, which are critical for donor trust and operational integrity. The high score in this category suggests that Leonard Housing Corporation is effectively managing its resources and maintaining accountability to its stakeholders.
The nonprofit boasts a fully independent board, with 100% of its members meeting this criterion, underscoring its commitment to governance and oversight. Additionally, the organization received perfect scores in areas such as the lack of material diversion of assets and a low liabilities-to-assets ratio, which indicates a strong financial position. The effective documentation of board meeting minutes and adherence to policies regarding document retention further enhance the organization's credibility.
While Leonard Housing Corporation scores well in accountability and financial health, there is no additional information on its programmatic impact or operational effectiveness. This limitation is common with organizations that focus solely on financial metrics. Overall, the charity appears to be well-managed with a strong commitment to financial responsibility.
This AI summary has been generated from information found on Charity Navigator.
Is Leonard Housing Corporation legitimate?
Leonard Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Leonard 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: $12,780
For more financial information, click here
What is the mission statement of Leonard Housing Corporation?
Leonard Housing Corporation's mission is centered around constructing and managing a low-income elderly housing project, specifically Leonard Court. Financed by the HUD Section 202, the corporation is subject to the regulations associated with this program. The primary focus of Leonard Housing Corporation is to provide affordable housing options for the elderly, ensuring they live in a secure and supportive environment. The corporation adheres to the regulations set forth by the HUD Section 202, ensuring compliance and maintaining the quality of the project.
Who is the CEO of Leonard Housing Corporation?
Michelle Stiner is the Director of Leonard Housing Corporation.
What is the revenue of Leonard Housing Corporation?
Leonard Housing Corporation's revenue in 2023 was $105,052.
Who are the executives of Leonard Housing Corporation and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Leonard Housing Corporation?
Leonard Housing Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Leonard Housing Corporation
Leonard Housing Corporation is dedicated to providing affordable housing for the elderly community. Their mission is realized through the construction and ownership of a project known as Leonard Court, which is funded by and adheres to the regulations of HUD Section 202. This project offers a living space for individuals with limited income, ensuring that elderly individuals have access to safe and comfortable housing. The corporation's commitment to this cause is evident in their diligent efforts to provide such a valuable service.
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Impact
October, 2024
Leonard Housing Corporation has a significant impact in Clearfield, PA, through the construction and management of Leonard Court, a low-income housing project designed specifically for elderly residents. This initiative addresses the critical need for affordable housing options for seniors, ensuring that they have access to safe and supportive living environments. By adhering to the regulations established by HUD Section 202, the Corporation not only provides physical shelter but also fosters a community where elderly individuals can thrive with dignity and security. In doing so, Leonard Housing Corporation plays an essential role in enhancing the quality of life for older adults in the region.
This information is meant to be a general summary of Leonard 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 2023.
- Investment Income: $1,162
- Program Service Revenue: $100,524
- Gross Receipts: $105,052
Assets and Liabilities:
- Total Assets: $1,277,926
- Total Liabilities: $26,590
- Net Assets: $1,251,336
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$100,524
Organization Details
Founding Year
2009
Phone
(814) 765-1551Principal Officer
Michelle Stiner
Main Address
PO BOX 792, CLEARFIELD, PA, 16830
NTEE Category
Code: L22 - Housing
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