Overview
What is Lasalle Park Homes Inc?
Lasalle Park Homes Inc. is a nonprofit organization established in Indiana, specifically in South Bend. Its primary mission, as outlined in the National Housing Act, is to construct, own, and operate a 149-unit apartment community named Lasalle Park Homes. This community was initially established in accordance with Section 221(D)(3) of the act. In 2006, the community underwent a refinancing process in compliance with Section 223(A)(7) of the same act. The organization remains dedicated to providing this housing facility, contributing to the local housing market and potentially providing affordable housing options for residents in South Bend.
Is Lasalle Park Homes Inc legitimate?
Lasalle Park Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lasalle Park Homes 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.
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What is the mission statement of Lasalle Park Homes Inc?
Lasalle Park Homes Inc, a non-profit corporation, was established with the purpose of constructing, owning, and operating a 149-unit apartment community, named Lasalle Park Homes, in compliance with Section 221(D)(3) of the National Housing Act. Around the year 2006, the community underwent refinancing in accordance with Section 223(A)(7). It is important to note that the mission statement provided primarily focuses on the organization's construction, ownership, and operation of the apartment community, with no explicit mention of a broader societal goal or mission beyond this. As such, a comprehensive mission statement for Lasalle Park Homes Inc could not be derived from the provided information.
Who is the CEO of Lasalle Park Homes Inc?
Rod Ludwig is the President of Lasalle Park Homes Inc.
What is the revenue of Lasalle Park Homes Inc?
Lasalle Park Homes Inc's revenue in 2022 was $1,440,506.
Who are the executives of Lasalle Park Homes Inc and what are their salaries?
There 11 volunteers at Lasalle Park Homes Inc.
Here are 11 key members and their salaries:
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Where can I find the form 990 for Lasalle Park Homes Inc?
Lasalle Park Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lasalle Park Homes Inc
Lasalle Park Homes Inc, a not-for-profit corporation, was established with a mission to construct, own, and operate a 149-unit apartment community. This community, known as Lasalle Park Homes, was established in compliance with Section 221(D)(3) of the National Housing Act. In the year ending December 31, 2006, this community underwent refinancing, which was facilitated under Section 223(A)(7) of the same act.
In simpler terms, Lasalle Park Homes Inc is dedicated to providing affordable housing through the construction, ownership, and operation of an apartment complex. This mission is in line with Section 221(D)(3) of the National Housing Act, which supports such initiatives to promote affordable housing options. The refinancing in 2006, under Section 223(A)(7), was likely a part of the organization's strategy to maintain and improve the financial health of the apartment community, ensuring its continued operation and service to its residents.
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Impact
October, 2024
Lasalle Park Homes Inc. plays a significant role in enhancing the community of South Bend, Indiana, by providing affordable housing through its 149-unit apartment complex, known as LaSalle Park Homes. The establishment of this community not only addresses the critical need for accessible living spaces but also contributes to the overall stability and development of the area.
By operating under the framework of the National Housing Act, Lasalle Park Homes Inc. directly impacts residents’ quality of life, fostering a supportive environment where individuals and families can thrive. The recent refinancing efforts undertaken in 2006 illustrate the organization’s commitment to maintaining and improving its facilities, ensuring that they remain a viable option for those seeking housing solutions.
Furthermore, Lasalle Park Homes Inc. serves as a model for community-driven housing initiatives, emphasizing the importance of construction and management practices that prioritize the welfare of the residents. Through its efforts, they not only improve living conditions, but also stimulate local economic growth by attracting and retaining residents who contribute to the community.
In summary, Lasalle Park Homes Inc. significantly impacts South Bend by providing affordable housing, enhancing community stability, and promoting a collaborative environment for residents.
This information is meant to be a general summary of Lasalle Park Homes 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: $207
- Program Service Revenue: $390,778
- Gross Receipts: $1,440,506
Assets and Liabilities:
- Total Assets: $1,792,185
- Total Liabilities: $415,059
- Net Assets: $1,377,126
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$390,778
Organization Details
Founding Year
1968
Phone
(574) 237-6000Principal Officer
Rod Ludwig
Main Address
102 S FALCON, SOUTH BEND, IN, 46625
NTEE Category
Code: L210 - Housing
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