Overview
What is Leisure Living Apartments Inc?
Leisure Living Apartments Inc, established as a nonprofit corporation in Indiana, is dedicated to providing affordable housing for low-income families. Situated in Milford, Indiana, the organization operates two apartment projects, each containing 16 units. The financial backing for these projects was secured through mortgage loans funded by the Rural Development Department of Agriculture, under Section 515 of the Housing Act of 1949. Leisure Living Apartments Inc's mission is to ensure that families in need have access to comfortable and secure living spaces.
Is Leisure Living Apartments Inc legitimate?
Leisure Living Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Leisure Living Apartments 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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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Leisure Living Apartments Inc?
Leisure Living Apartments Inc was established as a non-profit organization in Indiana, with the primary purpose of owning and operating two apartment projects. These projects are designed to provide affordable housing for low-income families. The organization secured its mortgage loans through the Rural Development Department of Agriculture, under Section 515 of the Housing Act of 1949. While the provided information does not explicitly state a mission statement, it can be inferred that Leisure Living Apartments Inc's mission is to provide affordable housing solutions for families in need.
Who is the CEO of Leisure Living Apartments Inc?
Rod Ludwig is the President of Leisure Living Apartments Inc.
What is the revenue of Leisure Living Apartments Inc?
Leisure Living Apartments Inc's revenue in 2022 was $240,135.
Who are the executives of Leisure Living Apartments Inc and what are their salaries?
There 6 volunteers at Leisure Living Apartments Inc.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Leisure Living Apartments Inc?
Leisure Living Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Leisure Living Apartments Inc
Leisure Living Apartments Inc, established as a not-for-profit corporation in Indiana, was organized with a specific mission. This mission involved owning and operating two apartment projects, designed to cater to low-income families. The organization has two distinct phases, each consisting of 16 units. The financial backing for these mortgage loans was secured through the Rural Development, Department of Agriculture, under Section 515 of the Housing Act of 1949.
In essence, Leisure Living Apartments Inc was founded with the aim of providing affordable housing solutions for families in need. The organization acquired two separate apartment projects, each with 16 units, to cater to this demographic. These projects were financed through a loan facility provided by the Rural Development, Department of Agriculture, under the Housing Act of 1949. This act is a federal legislation that supports the development of affordable housing in rural areas. Leisure Living Apartments Inc, therefore, plays a significant role in making housing accessible for low-income families, contributing to their overall well-being and stability.
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Impact
October, 2024
Leisure Living Apartments Inc significantly impacts the Milford, Indiana community by providing affordable housing for low-income families. With a total of 32 residential units across two phases, the organization ensures that families have access to safe and stable living conditions. This initiative not only addresses the critical need for affordable housing in the area but also fosters community development by enabling families to establish roots and create a supportive neighborhood environment.
The organization's funding structure, secured through the Rural Development Department of Agriculture under the Housing Act of 1949, demonstrates a commitment to enhancing the quality of life for residents. By offering affordable rental options, Leisure Living Apartments Inc alleviates the financial burden on families, allowing them to invest in other essential aspects of their lives, such as education and employment.
Moreover, the presence of such housing projects contributes to the local economy by promoting stability and community engagement. Residents are more likely to participate in local activities and support businesses, creating a vibrant community atmosphere. Overall, Leisure Living Apartments Inc plays a crucial role in improving social equity and quality of life for low-income families in the region.
This information is meant to be a general summary of Leisure Living Apartments 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.
- Program Service Revenue: $131,166
- Gross Receipts: $240,135
Assets and Liabilities:
- Total Assets: $453,733
- Total Liabilities: $777,296
- Net Assets: -$323,563
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$131,166
Organization Details
Founding Year
1977
Phone
(574) 237-6000Principal Officer
Rod Ludwig
Main Address
112 WEST JEFFERSON BLVD SUITE 300, SOUTH BEND, IN, 46601
NTEE Category
Code: L21 - Housing
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