Overview
What is Lee Miles Senior Citizens Housing Corp?
Lee Miles Senior Citizens Housing Corp is a nonprofit organization situated in Cleveland, Ohio, specifically at 4733 LEE ROAD. Their primary mission is to offer affordable housing solutions for low-income senior citizens and individuals with disabilities. They adhere to regulations administered by the United States Department of Housing and Urban Development, ensuring they provide suitable living spaces to their eligible residents. The nonprofit's purpose is to provide residential housing, aiming to improve the quality of life for this specific demographic.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75%, Three-Star out of Four Star rating.
Lee Miles Senior Citizens Housing Corp has received a 75% score from Charity Navigator, indicating a solid level of accountability and financial practices. With a fully independent board comprising nine members and robust policies in place regarding conflict of interest and document retention, the organization demonstrates strong governance practices. The audit and oversight committee has also earned full marks for its financial statements, reflecting a commitment to transparency.
Financially, the organization shows strengths in program expense ratio, dedicating a significant portion of its budget to programs rather than administrative costs. However, there is a noted concern with the liabilities to assets ratio, which stands at 82.98%, indicating a higher level of liabilities compared to its assets. This could pose potential risks to financial stability in the long term.
Overall, while Lee Miles Senior Citizens Housing Corp exhibits strengths in governance and program funding, the financial health as reflected in its liabilities to assets ratio may need to be addressed to ensure sustained operational viability.
This AI summary has been generated from information found on Charity Navigator.
Is Lee Miles Senior Citizens Housing Corp legitimate?
Lee Miles Senior Citizens Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lee Miles Senior Citizens 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.
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What is the mission statement of Lee Miles Senior Citizens Housing Corp?
The Lee Miles Senior Citizens Housing Corp is dedicated to providing residential housing for low-income senior citizens and individuals with disabilities. Their primary mission is to offer apartment rentals to eligible individuals who fall under the regulations managed by the United States Department of Housing and Urban Development. The corporation aims to contribute to the housing and urban development sector, specifically focusing on providing a suitable living environment for those who require assistance due to their age or disability. By offering affordable housing options, Lee Miles Senior Citizens Housing Corp contributes to creating a more inclusive and supportive community for its residents.
Who is the CEO of Lee Miles Senior Citizens Housing Corp?
Crandall Miller is the Trustee of Lee Miles Senior Citizens Housing Corp.
What is the revenue of Lee Miles Senior Citizens Housing Corp?
Lee Miles Senior Citizens Housing Corp's revenue in 2022 was $1,040,684.
Who are the executives of Lee Miles Senior Citizens Housing Corp and what are their salaries?
There 12 volunteers at Lee Miles Senior Citizens Housing Corp.
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Where can I find the form 990 for Lee Miles Senior Citizens Housing Corp?
Lee Miles Senior Citizens Housing Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lee Miles Senior Citizens Housing Corp
Lee Miles Senior Citizens Housing Corp is dedicated to providing residential housing for low-income senior citizens and individuals with disabilities. Their mission is twofold: firstly, they offer apartment rental services, and secondly, they do so in compliance with regulations administered by the United States Department of Housing and Urban Development. This organization is committed to making housing accessible and affordable for those who are elderly or handicapped, ensuring that they can maintain a comfortable living situation. By providing such housing, Lee Miles Senior Citizens Housing Corp contributes to enhancing the quality of life for these individuals, enabling them to live independently and with dignity.
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Impact
October, 2024
Lee Miles Senior Citizens Housing Corp plays a vital role in supporting low-income senior citizens and individuals with disabilities in Cleveland, Ohio, by providing affordable residential housing options. The organization focuses on creating a safe and welcoming environment through apartment rentals tailored for those eligible under the regulations administered by the United States Department of Housing and Urban Development.
By ensuring access to housing for elderly and handicapped individuals, it helps alleviate the financial burdens often associated with housing costs, allowing residents to focus on other essentials. This initiative fosters independence and dignity for its residents while enhancing community well-being. The impact extends beyond mere housing; it creates a supportive environment where seniors can thrive, socialize, and form a sense of belonging, thus enriching the community as a whole.
This information is meant to be a general summary of Lee Miles Senior Citizens 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,183
- Program Service Revenue: $341,218
- Gross Receipts: $1,040,684
Assets and Liabilities:
- Total Assets: $1,316,753
- Total Liabilities: $1,092,645
- Net Assets: $224,108
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME - TENANT
Revenue
$329,332
SPECIAL CLAIMS REVENUE
Revenue
$7,112
OTHER INCOME FROM EXEM
Revenue
$4,774
Organization Details
Founding Year
1979
Phone
(216) 475-4025Principal Officer
Crandall Miller
Main Address
4733 LEE ROAD, CLEVELAND, OH, 44128
NTEE Category
Code: L21 - Housing
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