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Lemma Village Inc

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

EIN: 311138536 ✦ Nitro, WV ✦ Designated as a 501(c)(3)

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Overview

What is Lemma Village Inc?

Lemma Village Inc is a nonprofit organization situated in Nitro, West Virginia, specifically at 1600 Park Avenue Box 20. Their primary mission is to offer safe and affordable housing to low-income elderly and disabled individuals. They accomplish this by managing and operating a 60-unit apartment complex exclusively designed for this demographic. All costs associated with maintaining the facility are attributable to this purpose. With a small workforce of only two employees, Lemma Village Inc is dedicated to providing essential living accommodations for those in need.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 75% (Three-Star out of Four Stars)

Lemma Village Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization has an overall score of 75%, which is derived entirely from its Accountability & Finance beacon. This score reflects the charity's commitment to transparency and effective management of its resources.

Strengths of Lemma Village Inc include an entirely independent board, with eight out of eight members meeting the criteria, and a strong financial oversight structure, as evidenced by its perfect scores in both audit and oversight and program expense ratio, with 83.40% of expenses going directly to programs. The organization also has established policies for conflict of interest and document retention, further enhancing its credibility.

However, while the charity demonstrates strong accountability and financial practices, it is important for potential donors and supporters to consider other aspects such as program effectiveness and impact, which are not captured in the rating. Overall, Lemma Village Inc shows a commitment to responsible management, making it a trustworthy option for those looking to contribute to its mission.


This AI summary has been generated from information found on Charity Navigator.

Is Lemma Village Inc legitimate?

Lemma Village Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lemma Village 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: $87,553

For more financial information, click here

What is the mission statement of Lemma Village Inc?

Lemma Village Inc's mission is centered around providing assistance to the elderly and disabled individuals who are economically disadvantaged. Their primary objective is to ensure the availability of safe and affordable housing for this specific group. To accomplish this, Lemma Village Inc manages a 60-unit apartment complex, where all expenses are dedicated towards maintaining the facility's upkeep.

Who is the CEO of Lemma Village Inc?

Victoria Hamilton is the President of Lemma Village Inc.

What is the revenue of Lemma Village Inc?

Lemma Village Inc's revenue in 2022 was $516,966.

Who are the executives of Lemma Village Inc and what are their salaries?

The average compensation at Lemma Village Inc during 2022 was $43,776. There are 2 employees at Lemma Village Inc.


Here are 6 key members and their salaries:


Victoria Hamilton (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward Hamilton (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Snead (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Judy Whipky (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
David A Lee (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gray Cochran (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Lemma Village Inc?

Lemma Village Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Lemma Village Inc

Lemma Village Inc, a nonprofit organization, is dedicated to providing safe and affordable housing for low-income elderly and disabled individuals. Their mission is to ensure that these vulnerable individuals have a place to call home, offering a 60-unit apartment complex specifically designed for their needs. All expenses associated with maintaining this facility are covered by Lemma Village Inc, demonstrating their commitment to this cause. By providing this housing, the organization aims to improve the quality of life for these individuals, offering them a secure and comfortable living environment.

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Impact




July, 2024

Lemma Village Inc provides safe and affordable housing to low-income elderly and disabled individuals in Nitro, West Virginia. Through owning and operating a 60-unit apartment complex, Lemma Village addresses the critical need for suitable housing for vulnerable populations in the community. Their impact can be seen in the improved quality of life, security, and stability they offer to those in need of housing assistance.




This information is meant to be a general summary of Lemma Village 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.

Revenue
$516,966 (2022)
Expenses
$508,339 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $185
  • Program Service Revenue: $174,607
  • Gross Receipts: $516,966

Assets and Liabilities:

  • Total Assets: $1,109,312
  • Total Liabilities: $2,655,743
  • Net Assets: -$1,546,431

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Programs

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

RENTS- TENANTS

Revenue

$142,641

TENANT CHARGES

Revenue

$28,290

LAUNDRY & VENDING

Revenue

$3,676

Organization Details

Founding Year

1988

Principal Officer

Victoria Hamilton

Main Address

1600 PARK AVE BOX 20, NITRO, WV, 25143

NTEE Category

Code: L220 - Housing

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