Overview
What is Lilac Grove Apartments Inc?
Lilac Grove Apartments Inc is a nonprofit organization situated in Superior, Wisconsin. Their primary focus is on providing affordable housing for senior citizens with low incomes. The U.S. Department of Housing and Urban Development subsidizes the rents of the 14 units they manage, removing any financial barriers for these residents. The organization's mission is aligned with the Roman Catholic Church's charitable works and teachings, aiming to provide safe and affordable housing opportunities for individuals with disabilities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Lilac Grove Apartments Inc has achieved a commendable 94% score, indicating strong performance in accountability and finance. This high rating reflects a commitment to transparency and responsible financial management, with a particular emphasis on maintaining an independent board structure. All board members are independent, and there are no reported material diversions of assets, which enhances the organization's credibility.
The organization demonstrates effective governance practices, as evidenced by its policies on conflicts of interest, whistleblower protections, and document retention. Furthermore, a significant portion of its expenditures—75.78%—is allocated directly to programs, showcasing a focus on fulfilling its mission rather than administrative costs.
While the rating is impressive, it is worth noting that the evaluation is based solely on the accountability and finance beacon, which means that other aspects such as program effectiveness or impact are not considered in this score. Overall, Lilac Grove Apartments Inc stands out for its strong financial health and governance policies.
This AI summary has been generated from information found on Charity Navigator.
Is Lilac Grove Apartments Inc legitimate?
Lilac Grove Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lilac Grove Apartments Inc 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: $28,044
For more financial information, click here
What is the mission statement of Lilac Grove Apartments Inc?
Lilac Grove Apartments Inc's mission is centered around providing housing opportunities. They specifically focus on serving senior citizens with low income, ensuring affordability through subsidies from the U.S. Department of Housing and Urban Development. Their work aligns with the charitable values and teachings of the Roman Catholic Church. In line with Catholic Social teachings, they strive to create safe and affordable homes for individuals with disabilities. This mission is carried out with the aim of breaking down financial barriers and providing a comfortable living environment for those in need.
Who is the CEO of Lilac Grove Apartments Inc?
Alan Rock is the Principal Officer of Lilac Grove Apartments Inc.
What is the revenue of Lilac Grove Apartments Inc?
Lilac Grove Apartments Inc's revenue in 2022 was $84,354.
Who are the executives of Lilac Grove Apartments Inc and what are their salaries?
There 5 volunteers at Lilac Grove Apartments Inc.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Lilac Grove Apartments Inc?
Lilac Grove Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lilac Grove Apartments Inc
Lilac Grove Apartments Inc, a nonprofit organization, is dedicated to fulfilling its mission of providing safe and affordable housing opportunities for senior citizens with disabilities. Aligning with the charitable works and traditions of the Roman Catholic Church, the organization operates in accordance with Catholic Social teachings. Their primary goal is to create homes for individuals who may otherwise face financial barriers to secure affordable housing. The organization achieves this by managing 14 units of housing, where the rents are subsidized by the U.S. Department of Housing and Urban Development. This subsidy ensures that these senior citizens can afford to live in a secure and comfortable environment, thereby enhancing their quality of life.
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Impact
October, 2024
Lilac Grove Apartments Inc significantly contributes to the community by providing safe and affordable housing for very low-income senior citizens in Superior, WI. With 14 units available, this initiative effectively addresses the critical need for accessible housing, removing income barriers through rental subsidies from the U.S. Department of Housing and Urban Development. This ensures that seniors can live in dignity and security, allowing them to focus on their well-being rather than financial burdens.
Furthermore, the mission reflects a commitment to inclusivity by prioritizing individuals with disabilities, fostering an environment of support and care consistent with the charitable values and traditions of the Roman Catholic Church. By upholding Catholic Social teachings, Lilac Grove Apartments Inc not only meets immediate housing needs but also promotes a holistic sense of community and belonging among its residents. Overall, its impact extends beyond just providing shelter; it enriches lives and strengthens social ties within the community.
This information is meant to be a general summary of Lilac Grove Apartments Inc. 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 2022.
- Investment Income: $102
- Program Service Revenue: $45,343
- Gross Receipts: $84,354
Assets and Liabilities:
- Total Assets: $975,816
- Total Liabilities: $30,062
- Net Assets: $945,754
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tenant Fees
Revenue
$45,343
Organization Details
Founding Year
2006
Phone
(715) 394-6617Principal Officer
Alan Rock
Main Address
1416 Cumming Ave, Superior, WI, 54880
NTEE Category
Code: L20 - Housing
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