Lyco Incorporated

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

EIN: 351299225 ✦ Bloomfield, IN ✦ Designated as a 501(c)(4)

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Overview

What is Lyco Incorporated?

Lyco Incorporated, situated in Bloomfield, Indiana, is a dedicated nonprofit organization focusing on senior housing and retirement facilities. Their primary objective is to provide suitable residences for senior citizens, thus adhering to their mission statement of "Housing For Senior Citizens. Senior Citizen Housing." Although the information provided does not detail their specific services or activities, it is clear that Lyco Incorporated is committed to catering to the housing needs of the elderly population in the community.

Is Lyco Incorporated legitimate?

Lyco Incorporated is a legitimate nonprofit organization registered as a 501(c)(4) entity. Lyco Incorporated submitted a form 990EZ, 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.

What is the mission statement of Lyco Incorporated?

Lyco Incorporated, as a retirement home or senior housing program, is dedicated to providing housing solutions for senior citizens. Their mission is to ensure that senior citizens have a suitable living environment, emphasizing the importance of senior citizen housing. The organization is committed to meeting the housing needs of the elderly population, promoting a comfortable and secure living environment for them.

Who is the CEO of Lyco Incorporated?

Gordon Grounds is the President of Lyco Incorporated.

What is the revenue of Lyco Incorporated?

Lyco Incorporated's revenue in 2022 was $38,333.

Who are the executives of Lyco Incorporated and what are their salaries?


There is 1 key member and their salary:


Gordon Grounds (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Lyco Incorporated?

Lyco Incorporated's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Lyco Incorporated

Lyco Incorporated, a nonprofit organization, is dedicated to providing senior citizen housing. Their primary mission is to offer comfortable living quarters for elderly individuals, emphasizing the importance of Senior Citizen Housing. The organization's goal is to create a community where seniors can age gracefully, offering them a safe and supportive environment.

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Impact




October, 2024

Lyco Incorporated plays a vital role in supporting the community of Bloomfield, IN, by providing essential housing services for senior citizens. As a dedicated retirement home or senior housing program, it addresses the critical need for safe and comfortable living spaces tailored to the unique needs of older adults. This organization enhances the quality of life for seniors by offering them a supportive environment where they can thrive.

By focusing on senior housing, Lyco Incorporated contributes significantly to the well-being of its residents, promoting social connections, independence, and access to essential services. The presence of such a facility not only creates a sense of security for seniors but also alleviates the caregiving burden on families, allowing them to have peace of mind knowing their loved ones are in a nurturing environment.

Overall, Lyco Incorporated impacts the community by ensuring that seniors have access to appropriate housing, fostering a sense of community, and enhancing the quality of life for older adults in Bloomfield.




This information is meant to be a general summary of Lyco Incorporated. 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
$38,333 (2022)
Expenses
$49,726 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $38,333

Assets and Liabilities:

  • Total Assets: $176,014
  • Total Liabilities: $7,043
  • Net Assets: $168,971

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Organization Details

Principal Officer

Gordon Grounds

Main Address

309 COUNTY RD 70 E, BLOOMFIELD, IN, 47424

NTEE Category

Code: L22 - Housing

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