Overview
What is Lambs Residence Number Two Inc?
Lambs Residence Number Two Inc is a nonprofit organization that specializes in providing a residential program for disabled adults. Situated on a campus, they offer 113 living quarters divided among nine group homes and an additional community home. Their mission is to enhance the lives of these individuals, offering a supportive environment where they can reside comfortably. The organization's activities revolve around this residential program, aiming to offer a dignified living space for disabled adults.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Lambs Residence Number Two Inc has achieved an impressive 94% score, reflecting strong performance in accountability and finance. The organization's rating is entirely based on its accountability and finance metrics, indicating a high level of transparency and responsible management of resources. The perfect scores in key areas, such as having a majority of independent board members and a comprehensive conflict of interest policy, demonstrate a commitment to ethical governance.
Financially, the organization shows robust health with a program expense ratio of 82.51%, suggesting that a significant portion of its resources is directed towards its mission-driven activities. The liabilities to assets ratio of 35.29% further indicates that the organization maintains a sound financial structure, minimizing risks associated with its obligations.
However, while the data reflects a solid foundation, the overview does not provide insights into the organization's specific programs or impact, leaving a gap in understanding how effectively it fulfills its mission beyond financial metrics. Overall, the nonprofit showcases strong governance and financial practices, which are crucial for its sustainability and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Lambs Residence Number Two Inc legitimate?
Lambs Residence Number Two Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lambs Residence Number Two 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 Lambs Residence Number Two Inc?
Lambs Residence Number Two Inc, as an organization, is committed to providing a residential program for disabled adults. They offer 113 living quarters spread across ten group homes on their campus and an additional community home. The primary goal is to support and accommodate disabled adults, providing them with a suitable living environment. The mission of Lambs Residence Number Two Inc is not explicitly stated in the provided information, but it can be inferred that their mission is centered around providing care and housing solutions for disabled adults, aiming to enhance their quality of life.
Who is the CEO of Lambs Residence Number Two Inc?
Kathleen Buresch is the Principal Officer of Lambs Residence Number Two Inc.
What is the revenue of Lambs Residence Number Two Inc?
Lambs Residence Number Two Inc's revenue in 2022 was $1,044,751.
Who are the executives of Lambs Residence Number Two Inc and what are their salaries?
There 3 volunteers at Lambs Residence Number Two Inc.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $176,766
- Other: $6,991
- Compensation: $0
- Related: $101,432
- Other: $6,991
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Lambs Residence Number Two Inc?
Lambs Residence Number Two Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lambs Residence Number Two Inc
Lambs Residence Number Two Inc is dedicated to providing a residential program for disabled adults. Their mission is to offer 113 units of living quarters, spread across nine group homes on their campus and one community home. This organization aims to provide a supportive environment for disabled adults, ensuring they have access to suitable living quarters.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Lambs Residence Number Two Inc plays a crucial role in enhancing the quality of life for disabled adults by providing a supportive and structured living environment. With 113 units distributed across nine group homes and one community home, the organization ensures that residents have access to safe and comfortable housing tailored to their needs.
The residential program fosters independence and community integration, allowing individuals to develop life skills and participate in social activities. This holistic approach not only promotes physical well-being but also enriches the emotional and mental health of residents, helping them to achieve a sense of belonging and fulfillment.
Located in Libertyville, IL, Lambs Residence Number Two promotes inclusivity and empowerment, contributing to the overall welfare of the community by creating diverse living opportunities for disabled adults. Their commitment to providing essential housing services directly impacts the lives of residents and their families, offering them peace of mind and stability.
This information is meant to be a general summary of Lambs Residence Number Two 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: $18
- Program Service Revenue: $1,044,733
- Gross Receipts: $1,044,751
Assets and Liabilities:
- Total Assets: $4,340,171
- Total Liabilities: $1,410,537
- Net Assets: $2,929,634
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,044,733
Organization Details
Founding Year
1976
Phone
(847) 362-4636Principal Officer
Kathleen Buresch
Main Address
PO BOX 520, LIBERTYVILLE, IL, 60048
NTEE Category
Code: L00 - Housing
If you are a representative of Lambs Residence Number Two Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.