Overview
What is Lawrence Senior Housing Corporation?
Lawrence Senior Housing Corporation is a dedicated nonprofit organization situated in Chicago, Illinois, specifically at 721 N La Salle St 5th Floor. Their primary mission is to cater to the needs of the elderly, encompassing their physical, social, and emotional well-being. They offer housing as their primary service, accommodating approximately 120 residents in Lawrence Manor. This housing solution aims to create a supportive environment that addresses various aspects of elderly living, ensuring their overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
Lawrence Senior Housing Corporation has achieved a 79% score, indicating a strong performance in accountability and finance. This rating is based entirely on their financial practices, reflecting a commitment to transparency and responsible management. The organization has received full marks in several key areas, such as financial statements oversight and the absence of material diversion of assets.
The organization demonstrates effective governance with policies in place for conflict of interest, whistleblowing, and document retention. Their liabilities to assets ratio is also commendably low at 6.51%, suggesting sound financial health. Additionally, a high program expense ratio of 74.33% indicates that a significant portion of their resources is directed toward their mission-related programs.
While the charity's rating illustrates solid financial practices, the single beacon score means that other aspects, such as program effectiveness or community impact, are not factored into the score. Potential donors may want to consider these elements for a comprehensive view of the nonprofit's overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Lawrence Senior Housing Corporation legitimate?
Lawrence Senior Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lawrence Senior Housing Corporation 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: $250,280
For more financial information, click here
What is the mission statement of Lawrence Senior Housing Corporation?
Lawrence Senior Housing Corporation is dedicated to catering to the needs of the elderly, encompassing their physical, social, and psychological well-being. The corporation's mission is to provide suitable housing and necessary services, ensuring a comfortable and supportive living environment for its elderly residents. Lawrence Senior Housing Corporation, through its facilities such as Lawrence Manor, houses approximately 120 elderly individuals, offering them a secure and nurturing community where they can age gracefully.
Who is the CEO of Lawrence Senior Housing Corporation?
Elida Hernandez is the Chairman of Lawrence Senior Housing Corporation.
What is the revenue of Lawrence Senior Housing Corporation?
Lawrence Senior Housing Corporation's revenue in 2023 was $1,345,852.
Who are the executives of Lawrence Senior Housing Corporation and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $255,227
- Other: $40,428
- Compensation: $0
- Related: $227,328
- Other: $23,839
- Compensation: $0
- Related: $137,144
- Other: $49,028
- Compensation: $0
- Related: $146,128
- Other: $36,319
- Compensation: $0
- Related: $122,439
- Other: $9,518
- Compensation: $0
- Related: $104,894
- Other: $17,523
- Compensation: $0
- Related: $92,738
- Other: $20,249
- Compensation: $0
- Related: $69,813
- Other: $29,271
Where can I find the form 990 for Lawrence Senior Housing Corporation?
Lawrence Senior Housing Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Lawrence Senior Housing Corporation
Lawrence Senior Housing Corporation, a dedicated nonprofit organization, is committed to providing housing and essential services for the elderly. Their mission is centered around addressing the physical, social, and psycho-social needs of the elderly population. By offering a supportive living environment, they strive to enhance the quality of life for their residents. Lawrence Manor, one of their facilities, houses approximately 120 elderly individuals, demonstrating their significant commitment to this demographic.
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Impact
October, 2024
Lawrence Senior Housing Corporation plays a vital role in enhancing the well-being of the elderly community in Chicago, IL. By providing dedicated housing and essential services, it addresses the comprehensive needs of seniors, including their physical, social, and psycho-social requirements.
With Lawrence Manor accommodating approximately 120 residents, the organization fosters a supportive environment that encourages community engagement and personal growth among its inhabitants. The emphasis on meeting both the immediate and long-term needs of seniors not only improves their quality of life but also promotes independence and dignity.
Through its initiatives, Lawrence Senior Housing Corporation contributes significantly to the overall health and happiness of the elderly population, ensuring they have a safe and nurturing place to call home.
This information is meant to be a general summary of Lawrence Senior Housing Corporation. 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 2023.
- Investment Income: $2,006
- Program Service Revenue: $1,321,025
- Gross Receipts: $1,345,852
Assets and Liabilities:
- Total Assets: $6,393,171
- Total Liabilities: $416,761
- Net Assets: $5,976,410
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fees & Contracts Gov Agencies
Revenue
$822,484
Resident Rental Fees
Revenue
$498,541
Organization Details
Founding Year
1993
Phone
(312) 655-7000Principal Officer
Elida Hernandez
Main Address
721 N La Salle St 5th Floor, Chicago, IL, 60654
NTEE Category
Code: L22 - Housing
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