Overview
What is Loddi Inc?
Loddi Inc, located in Lima, Ohio, is a dedicated nonprofit organization. Its primary mission is to provide affordable housing, enabling physically and mentally challenged individuals to live independently. By offering suitable living spaces, Loddi Inc seeks to empower these individuals, promoting self-sufficiency and independence in their daily lives. The organization's activities are centered around this goal, striving to make housing accessible and affordable for those who require additional support due to their mental and physical challenges.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star Rating
Loddi Inc has earned an 80% score, reflecting a solid level of accountability and finance practices. This rating indicates that the organization adheres to good governance practices, with a fully independent board and no material diversion of assets, which are essential for maintaining trust and transparency with donors and stakeholders.
Strengths of Loddi Inc include a high program expense ratio of 83.71%, which suggests that a significant portion of its resources is directed towards fulfilling its mission rather than administrative costs. The organization also demonstrates strong governance through its conflict of interest policy and well-documented board meeting minutes, both of which enhance its overall accountability.
However, while the rating is commendable, it is important for potential donors to consider the rating as just one aspect of their overall evaluation. As with any nonprofit, ongoing monitoring of performance and financial health is advisable to ensure the organization continues to meet its goals effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Loddi Inc legitimate?
Loddi Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Loddi 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: $0
For more financial information, click here
What is the mission statement of Loddi Inc?
Loddi Inc, as a mission, is dedicated to providing affordable housing for individuals who are mentally and physically challenged. This organization strives to enable these individuals to live independently, thereby enhancing their quality of life. By offering affordable housing solutions, Loddi Inc aims to contribute positively to their tenants' well-being and overall living conditions. The organization's activities primarily revolve around making housing accessible and affordable for those who may face challenges in securing such accommodations due to their mental or physical conditions.
Who is the CEO of Loddi Inc?
Alexa Miller is the President of Loddi Inc.
What is the revenue of Loddi Inc?
Loddi Inc's revenue in 2022 was $180,247.
Who are the executives of Loddi Inc and what are their salaries?
There 7 volunteers at Loddi Inc.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Loddi Inc?
Loddi Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Loddi Inc
Loddi Inc, a nonprofit organization, is committed to providing affordable housing for individuals who are mentally and physically challenged. Its mission is to empower these individuals by enabling them to live independent lives. By offering affordable housing, Loddi Inc aims to provide a supportive environment where these individuals can thrive and maintain their dignity. The organization's focus on affordable housing is crucial in ensuring that mentally and physically challenged individuals have access to safe and suitable living spaces, thereby improving their overall quality of life.
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Impact
October, 2024
Loddi Inc significantly enhances the lives of individuals facing mental and physical challenges by providing affordable housing options that enable them to live independently. Based in Lima, Ohio, the organization directly addresses a critical need in the community, offering a supportive environment where residents can thrive and maintain their dignity. By focusing on affordable housing solutions, Loddi Inc empowers these individuals to lead more fulfilling lives, fostering a sense of autonomy and community integration. The impact of their work is profound, as it not only meets basic housing needs but also contributes to the overall well-being and quality of life for a vulnerable population.
This information is meant to be a general summary of Loddi 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: $1,387
- Program Service Revenue: $172,771
- Gross Receipts: $180,247
Assets and Liabilities:
- Total Assets: $1,779,788
- Total Liabilities: $303,856
- Net Assets: $1,475,932
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$152,321
UTILITY RECEIPTS
Revenue
$20,450
Organization Details
Founding Year
1992
Phone
(419) 221-1385Principal Officer
Alexa Miller
Main Address
2500 ADA ROAD, LIMA, OH, 45801
NTEE Category
Code: Z99Z - Unknown
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