Overview
What is L&B Community Development Corp?
L&B Community Development Corp is a nonprofit organization located in Birmingham, Alabama. With a team of nine dedicated individuals, their primary mission is to provide daycare services in underprivileged neighborhoods. The corporation aims to enhance the lives of underprivileged families by offering daycare facilities within their community. Although the information array does not provide specific details about their additional programs or activities, it is clear that they focus on supporting families in need by offering essential daycare services.
Is L&B Community Development Corp legitimate?
L&B Community Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. L&B Community Development Corp 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: $54,223
Professional Fundraising Fees: $0
Other Salaries and Wages: $154,058
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What is the mission statement of L&B Community Development Corp?
L&B Community Development Corp is committed to providing daycare services in underprivileged communities. Their mission is to offer a nurturing environment for children from disadvantaged backgrounds, aiming to support their overall development and well-being. By offering daycare services, the corporation seeks to alleviate the burden of childcare for families in these neighborhoods, allowing them to focus on other aspects of their lives. The organization's activities are centered around providing a safe, enriching, and educational environment for these children, fostering their growth and development.
What is the revenue of L&B Community Development Corp?
L&B Community Development Corp's revenue in 2023 was $825,089.
Who are the executives of L&B Community Development Corp and what are their salaries?
The average compensation at L&B Community Development Corp during 2023 was $18,935. There are 11 employees at L&B Community Development Corp.
There is 1 key member and their salary:
- Compensation: $54,223
- Related: $0
- Other: $0
Where can I find the form 990 for L&B Community Development Corp?
L&B Community Development Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of L&B Community Development Corp
L&B Community Development Corp is committed to making a significant impact in underserved communities by providing daycare services. This nonprofit organization's mission is centered around supporting underprivileged families by offering high-quality daycare services. By doing so, L&B Community Development Corp aims to contribute positively to the well-being and development of children in these communities, ensuring they have access to essential care and education. The organization's efforts are geared towards improving the lives of families living in underprivileged neighborhoods, offering them a vital resource that can help them navigate their daily lives with greater ease.
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Impact
October, 2024
L&B Community Development Corp has a significant impact in Birmingham, AL, focusing on providing essential daycare services in underprivileged neighborhoods. By offering dependable and accessible childcare, the organization supports families who might otherwise struggle to find such services. This initiative not only helps parents secure employment or pursue education but also fosters a nurturing environment for children, contributing to their social and developmental growth. The presence of L&B Community Development Corp in these communities enhances the quality of life and promotes stability for many families in need.
This information is meant to be a general summary of L&B Community Development Corp. 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.
- Program Service Revenue: $585,589
- Gross Receipts: $825,089
Assets and Liabilities:
- Total Assets: $174,590
- Total Liabilities: $147,900
- Net Assets: $26,690
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DAYCARE SERVICES
Revenue
$585,589
Organization Details
Founding Year
2013
Principal Officer
Llewelyn Haleem
NTEE Category
Code: P20 - Human services
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