Overview
What is Labor Council Senior Housing Inc?
Labor Council Senior Housing Inc is a nonprofit organization that focuses on providing affordable housing solutions for low-income elderly and handicapped individuals. Situated with 18 efficiency suites and 52 one-bedroom units, the facility is regulated by HUD. This organization's mission revolves around offering senior housing as a means of support, ensuring that these individuals have a comfortable living space with the necessary amenities. Its activities are geared towards fulfilling this mission, thereby contributing positively to the community.
Official website here: www.leoduganapts.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, 71%
Labor Council Senior Housing Inc has received a two-star rating, indicating areas of concern despite achieving a respectable overall score of 71%. The organization demonstrates strengths in its board independence and financial transparency, as evidenced by a perfect score for independent board members and audited financial statements. A high program expense ratio of 88.18% shows the majority of funds are directed towards programs rather than administrative costs.
However, several significant limitations are highlighted in the evaluation. The absence of a conflict of interest policy and a document retention policy, along with missing board meeting minutes and a publicly posted tax form, indicate deficiencies in governance practices. Additionally, the organization has a concerning liabilities to assets ratio of 332.41%, which raises questions about its financial sustainability.
Overall, while Labor Council Senior Housing Inc shows commitment to its mission with strong program expenditures, improvements in governance practices and financial management are necessary to enhance accountability and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Labor Council Senior Housing Inc legitimate?
Labor Council Senior Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Labor Council Senior Housing 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:
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Official website here: www.leoduganapts.com
What is the mission statement of Labor Council Senior Housing Inc?
Labor Council Senior Housing Inc's mission revolves around providing affordable housing for the elderly and handicapped individuals with low income. The organization operates a facility regulated by HUD, comprising 18 efficiency suites and 52 one-bedroom units. Their primary objective is to offer affordable senior housing, ensuring that these groups can live comfortably and maintain their independence.
Official website here: www.leoduganapts.com
What is the revenue of Labor Council Senior Housing Inc?
Labor Council Senior Housing Inc's revenue in 2023 was $629,364.
Official website here: www.leoduganapts.com
Who are the executives of Labor Council Senior Housing Inc and what are their salaries?
Here are 21 key members and their salaries:
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Official website here: www.leoduganapts.com
Where can I find the form 990 for Labor Council Senior Housing Inc?
Labor Council Senior Housing Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.leoduganapts.com
Learn more at the official website: www.leoduganapts.com
Mission Statement of Labor Council Senior Housing Inc
Labor Council Senior Housing Inc is committed to providing affordable housing for the elderly and disabled, who fall under the category of low-income individuals. Situated in their facilities, there are 18 efficiency suites and 52 one-bedroom units, all under the regulation of HUD. The organization's primary mission is to cater to this specific demographic, ensuring they can reside in a secure and affordable environment. By operating rental housing for these individuals, Labor Council Senior Housing Inc strives to make a meaningful impact on their lives, contributing to their overall well-being and independence.
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Impact
July, 2024
Labor Council Senior Housing Inc significantly impacts the community by providing affordable housing options for low-income elderly and handicapped individuals in Akron, OH. By offering 18 efficiency suites and 52 one-bedroom units, all regulated by HUD, the organization ensures that these vulnerable populations have access to safe and comfortable housing. Through its mission to provide affordable senior housing, Labor Council Senior Housing Inc plays a crucial role in addressing the housing needs of the community and supporting the wellbeing of its residents.
This information is meant to be a general summary of Labor Council Senior Housing 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 2023.
- Investment Income: $68
- Program Service Revenue: $629,263
- Gross Receipts: $629,364
Assets and Liabilities:
- Total Assets: $601,367
- Total Liabilities: $2,020,503
- Net Assets: -$1,419,136
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GROSS RENTAL INCOME
Revenue
$621,048
TENANT CHARGES
Revenue
$5,361
LAUNDRY & VENDING
Revenue
$2,854
Organization Details
Founding Year
1982
Principal Officer
David Prentice
Website
www.leoduganapts.comNTEE Category
Code: L21Z - Housing
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