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Lima Interfaith Senior Housing Corp

Dominion Building Apartments

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

EIN: 341284969 ✦ Lima, OH ✦ Designated as a 501(c)(3)

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Overview

What is Lima Interfaith Senior Housing Corp?

Lima Interfaith Senior Housing Corp, established in 1979, is a not-for-profit corporation situated in Lima, Ohio. The organization's primary mission is to operate the Dominion Building Apartments, a 50-unit high-rise complex that offers housing and related services for low-income elderly individuals. Additionally, it includes approximately 423 square feet of commercial space. The corporation receives financial aid through Housing Assistance Payments and a mortgage insured by the U.S. Department of Housing and Urban Development, under Section 202 of the National Housing Act. This nonprofit aims to provide a safe and supportive living environment for senior citizens in need.

Is Lima Interfaith Senior Housing Corp legitimate?

Lima Interfaith Senior Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lima Interfaith Senior Housing 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $42,722

For more financial information, click here

What is the mission statement of Lima Interfaith Senior Housing Corp?

Lima Interfaith Senior Housing Corp, established in 1979, is a not-for-profit organization with a mission to provide housing and related services for elderly individuals with low and very low incomes. Located in an unspecified area, the organization manages Dominion Building Apartments, a 50-unit high-rise complex. The corporation receives financial support in the form of Housing Assistance Payments and a mortgage insured by the U.S. Department of Housing and Urban Development, under Section 202 of the National Housing Act. The primary aim of Lima Interfaith Senior Housing Corp is to assist elderly individuals in need, ensuring they have a secure and suitable living space. Additionally, the organization manages approximately 423 square feet of commercial space.

Who is the CEO of Lima Interfaith Senior Housing Corp?

Timothy J Stolly is the President of Lima Interfaith Senior Housing Corp.

What is the revenue of Lima Interfaith Senior Housing Corp?

Lima Interfaith Senior Housing Corp's revenue in 2022 was $455,680.

Who are the executives of Lima Interfaith Senior Housing Corp and what are their salaries?


Here are 5 key members and their salaries:


Timothy J Stolly (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marcia Falk (Treasurer/Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Timothy Mccomas (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathy Hatcher (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lou Varrato Jr (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Lima Interfaith Senior Housing Corp?

Lima Interfaith Senior Housing Corp's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Lima Interfaith Senior Housing Corp

Lima Interfaith Senior Housing Corp, established in 1979, is a not-for-profit organization dedicated to providing housing and related services to elderly individuals with low or very low incomes. The corporation operates Domion Building Apartments, a 50-unit high-rise complex, which serves as a sanctuary for this specific demographic. The organization receives financial assistance through Housing Assistance Payments and a mortgage insured by the U.S. Department of Housing and Urban Development, in accordance with Section 202 of the National Housing Act. By doing so, Lima Interfaith Senior Housing Corp contributes to the well-being of its residents, offering them a secure living environment and essential support services.

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Impact




October, 2024

Lima Interfaith Senior Housing Corp significantly enhances the quality of life for low and very low-income elderly residents in Lima, Ohio. By operating the Dominion Building Apartments, a 50-unit high-rise complex, it provides affordable housing options tailored to meet the needs of seniors. This initiative not only addresses housing shortages but also fosters a supportive community for residents, promoting social interaction and reducing isolation among the elderly population.

The organization ensures that residents have access to essential services, creating an environment where they can thrive. By leveraging housing assistance payments and a mortgage insured by the U.S. Department of Housing and Urban Development, Lima Interfaith Senior Housing Corp effectively sustains affordable living spaces that empower seniors to remain independent while receiving the care and services they need. Additionally, the inclusion of commercial space in the building offers opportunities for local businesses, further stimulating the community and enhancing service accessibility for residents.




This information is meant to be a general summary of Lima Interfaith Senior Housing 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.

Revenue
$455,680 (2022)
Expenses
$480,521 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $96
  • Program Service Revenue: $163,483
  • Gross Receipts: $455,680

Assets and Liabilities:

  • Total Assets: $994,642
  • Total Liabilities: $1,457,762
  • Net Assets: -$463,120

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Programs

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

RENTAL INCOME

Revenue

$163,483

Organization Details

Founding Year

1979

Principal Officer

Timothy J Stolly

Main Address

449 SOUTH MAIN STREET, LIMA, OH, 45804

NTEE Category

Code: L21Z - Housing

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