Overview
What is Lotus Lane Foundation C/O Trey Denman?
Lotus Lane Foundation C/O Trey Denman is a nonprofit organization located in Lufkin, Texas, specifically at 736 Crown Colony Drive. Their primary mission is to provide safe, affordable housing solutions for the residents of Angelina County, Texas. This is achieved by offering clean, low-income accommodations, ensuring that the community they serve has access to decent living conditions. The foundation's activities and mission align closely with their description, focusing on this specific area of need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)
The Lotus Lane Foundation has received a two-star rating from Charity Navigator, indicating areas that require improvement. With an overall score of 73%, the organization demonstrates strong financial management, boasting a program expense ratio of 99.83%, meaning nearly all expenditures support its mission. Additionally, the foundation benefits from a fully independent board, scoring top marks in both board member independence and size.
However, the foundation faces significant challenges in its governance practices. Key policies, such as conflict of interest, whistleblower, and document retention, are missing, which has led to low scores in those categories. Moreover, the absence of a website listed on its tax form raises transparency concerns, indicating a need for improvement in communication and operational policies.
While the foundation's financial health appears solid, the lack of essential governance policies underscores an area for potential growth. To enhance its accountability and credibility, addressing these gaps should be a priority moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Lotus Lane Foundation C/O Trey Denman legitimate?
Lotus Lane Foundation C/O Trey Denman is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lotus Lane Foundation C/O Trey Denman 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.
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Other Salaries and Wages: $0
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What is the mission statement of Lotus Lane Foundation C/O Trey Denman?
The Lotus Lane Foundation's mission involves providing safe and clean housing options for individuals with low income, specifically in an unspecified location. This housing is intended to serve the residents of Angelina County, Texas. The foundation does not disclose any additional details about its activities or goals beyond this primary focus on affordable housing. Funding for the foundation's operations comes from donations made to the Lufkin Angelina County Chamber of Commerce Foundation.
Who is the CEO of Lotus Lane Foundation C/O Trey Denman?
Joe Carter Denman Iii is the Director of Lotus Lane Foundation C/O Trey Denman.
What is the revenue of Lotus Lane Foundation C/O Trey Denman?
Lotus Lane Foundation C/O Trey Denman's revenue in 2020 was $48.
Who are the executives of Lotus Lane Foundation C/O Trey Denman and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Lotus Lane Foundation C/O Trey Denman?
Lotus Lane Foundation C/O Trey Denman's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Lotus Lane Foundation C/O Trey Denman
The Lotus Lane Foundation C/O Trey Denman is dedicated to providing safe and clean housing options for low-income residents. Their primary mission is to ensure the comfort and security of individuals within Angelina County, Texas, by offering them suitable living accommodations. Through their contributions, the foundation plays a significant role in enhancing the living conditions of the community, demonstrating their commitment to supporting those in need.
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Impact
October, 2024
Lotus Lane Foundation, through its efforts, has made a significant impact on the residents of Angelina County, Texas, by providing safe and clean low-income housing. This initiative addresses a critical need in the community, ensuring that individuals and families have access to stable living conditions.
By collaborating with the Lufkin Angelina County Chamber of Commerce Foundation, the foundation enhances its reach and efficacy, promoting economic development and community well-being. The focus on housing not only improves the quality of life for residents but also contributes to the overall health and stability of the community. Lotus Lane Foundation’s commitment to affordable housing creates a foundation for individuals to thrive, fostering a supportive environment for those in need.
This information is meant to be a general summary of Lotus Lane Foundation C/O Trey Denman. 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 2020.
- Investment Income: $48
- Gross Receipts: $48
Assets and Liabilities:
- Total Assets: $30,669
- Total Liabilities: $0
- Net Assets: $30,669
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Organization Details
Founding Year
1973
Phone
(936) 634-2529Principal Officer
Joe Carter Denman Iii
Main Address
736 CROWN COLONY DR, LUFKIN, TX, 75901
NTEE Category
Code: L20 - Housing
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