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Lyceum Iii Housing Development Fund Corporation

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

EIN: 271706494 ✦ Geneva, NY ✦ Designated as a 501(c)(3)

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Overview

What is Lyceum Iii Housing Development Fund Corporation?

Lyceum III Housing Development Fund Corporation is a nonprofit organization that specializes in the development, construction, and management of rental housing projects. Their primary focus is on catering to the needs of senior citizens with low income, ensuring they have access to suitable living accommodations. By engaging in these activities, the organization aims to contribute positively to the community and improve the living conditions of its target demographic.

Is Lyceum Iii Housing Development Fund Corporation legitimate?

Lyceum Iii Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lyceum Iii Housing Development Fund 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: $9,619

For more financial information, click here

What is the mission statement of Lyceum Iii Housing Development Fund Corporation?

The Lyceum III Housing Development Fund Corporation is dedicated to a mission of developing, constructing, and managing rental housing projects specifically catering to senior citizens with low income. Their primary goal is to contribute to the housing needs of this demographic, ensuring they have access to suitable living spaces. The organization's efforts are geared towards providing affordable housing solutions for senior citizens, making a significant impact on their quality of life.

Who is the CEO of Lyceum Iii Housing Development Fund Corporation?

Dominick Vedora is the President of Lyceum Iii Housing Development Fund Corporation.

What is the revenue of Lyceum Iii Housing Development Fund Corporation?

Lyceum Iii Housing Development Fund Corporation's revenue in 2022 was $126,074.

Who are the executives of Lyceum Iii Housing Development Fund Corporation and what are their salaries?


Here are 4 key members and their salaries:


Dominick Vedora (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Parrott Jr (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Vedora (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phil Beckley (Vice-President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Lyceum Iii Housing Development Fund Corporation?

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

Mission Statement of Lyceum Iii Housing Development Fund Corporation

Lyceum III Housing Development Fund Corporation is dedicated to a significant mission. In simple terms, this nonprofit organization focuses on developing, constructing, and managing rental housing projects specifically tailored for senior citizens of low income. By taking on this mission, Lyceum III aims to address a pressing need, providing suitable living accommodations for a section of society that may otherwise struggle to secure affordable housing. The organization's programs are centered around the provision of low-income senior housing, making a meaningful contribution to the well-being of elderly individuals in the community.

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Impact




October, 2024

Lyceum III Housing Development Fund Corporation significantly enhances the quality of life for low-income senior citizens in Geneva, NY, by developing, constructing, and managing dedicated rental housing projects. By focusing on the unique needs of senior residents, the organization helps to create secure, affordable living environments that foster community and independence.

The impact of this initiative is profound, as it addresses critical housing shortages for this vulnerable demographic, ensuring that older adults have access to safe and stable housing. This not only alleviates housing insecurity but also promotes social engagement among seniors, contributing to their overall well-being. Through its targeted programs, Lyceum III plays a crucial role in enhancing the living conditions for seniors, empowering them to thrive in their later years.




This information is meant to be a general summary of Lyceum Iii Housing Development Fund 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
$126,074 (2022)
Expenses
$189,680 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $36
  • Program Service Revenue: $121,506
  • Gross Receipts: $126,074

Assets and Liabilities:

  • Total Assets: $2,275,578
  • Total Liabilities: $2,727,562
  • Net Assets: -$451,984

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Programs

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

RENTAL INCOME

Revenue

$121,506

Organization Details

Founding Year

2010

Principal Officer

Dominick Vedora

Main Address

41 LEWIS STREET, GENEVA, NY, 14456

NTEE Category

Code: L20 - Housing

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