Overview
What is Leisure Acres Phase Ii Housing Corp?
Leisure Acres Phase II Housing Corp is a nonprofit organization situated in Washington, Illinois, specifically at 200 Carlson Avenue. Its primary mission is to offer affordable, government-subsidized housing to senior citizens and individuals with disabilities. The organization provides a comfortable living environment with attractive amenities, such as private patios, porches, and walking paths surrounding the entire 16-building complex. Residents also have access to on-site washer and dryer facilities. Furthermore, the organization allows for gardening in the available ground space, promoting a sense of community and nature among its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, Two-Star out of Four Star rating.
Leisure Acres Phase II Housing Corp has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and transparency. The organization excels in several areas, such as having a fully independent board and a strong program expense ratio of 84.01%, which suggests a significant portion of funds is directed towards its mission-driven activities.
However, the nonprofit faces notable limitations that contribute to its overall score. The liabilities to assets ratio is concerning at 119.33%, indicating potential financial instability. Additionally, the organization lacks important governance policies, including a conflict of interest policy, a whistleblower policy, and a document retention policy, which could raise accountability concerns among stakeholders.
Overall, while Leisure Acres Phase II Housing Corp demonstrates strengths in board independence and efficient program spending, its financial health and governance practices require improvement to enhance its credibility and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Leisure Acres Phase Ii Housing Corp legitimate?
Leisure Acres Phase Ii Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Leisure Acres Phase Ii Housing Corp 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: $121,054
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What is the mission statement of Leisure Acres Phase Ii Housing Corp?
Leisure Acres Phase II Housing Corp is committed to providing high-quality, government-subsidized housing for senior citizens and disabled individuals at affordable rates. The corporation offers attractive amenities such as private patios, porches, and a walking path around the entire complex, providing ample opportunities for outdoor activities. Each building is equipped with washer/dryer facilities, and residents have the chance to plant flowers and maintain a garden on the available ground. The primary goal of Leisure Acres Phase II Housing Corp is to ensure that senior citizens and disabled persons can enjoy a comfortable living environment, catering to their unique needs.
Who is the CEO of Leisure Acres Phase Ii Housing Corp?
Fred Luke is the President of Leisure Acres Phase Ii Housing Corp.
What is the revenue of Leisure Acres Phase Ii Housing Corp?
Leisure Acres Phase Ii Housing Corp's revenue in 2022 was $1,678,965.
Who are the executives of Leisure Acres Phase Ii Housing Corp and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Leisure Acres Phase Ii Housing Corp?
Leisure Acres Phase Ii Housing Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Leisure Acres Phase Ii Housing Corp
Leisure Acres Phase II Housing Corp is dedicated to providing high-quality, government-subsidized housing for senior citizens and disabled individuals at affordable rates. The corporation offers attractive amenities such as private patios, porches, and walking paths around its 16-building complex. The grounds are also available for residents to plant flowers and gardens, adding to the overall appeal of the living space. Each building is equipped with washer/dryer facilities, providing added convenience for its residents. The mission of Leisure Acres Phase II Housing Corp is to ensure that elderly and disabled individuals have access to comfortable and affordable housing, enhancing their quality of life and providing them with a sense of community.
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Impact
October, 2024
Leisure Acres Phase II Housing Corp significantly enhances the quality of life for senior citizens and disabled individuals by offering affordable government-subsidized housing. This initiative provides not just shelter but also a community-oriented living environment, ensuring that residents have access to attractive amenities that promote comfort and well-being.
The housing complex features private patios and porches that allow residents to enjoy their outdoor space, encouraging social interaction and personal leisure. The walking paths around the entire 16-building complex foster a sense of community and provide opportunities for exercise and outdoor enjoyment. Additionally, the availability of ground space for planting flowers and gardening allows residents to engage in meaningful activities that can enhance their mental and emotional well-being.
Each building is equipped with washer and dryer facilities, promoting independence and convenience for residents. By combining quality housing with supportive amenities, Leisure Acres Phase II Housing Corp plays a crucial role in ensuring that vulnerable populations are not only housed but can thrive in a respectful and nurturing environment.
This information is meant to be a general summary of Leisure Acres Phase Ii Housing Corp. 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: $8,586
- Program Service Revenue: $566,653
- Gross Receipts: $1,678,965
Assets and Liabilities:
- Total Assets: $4,142,630
- Total Liabilities: $4,943,769
- Net Assets: -$801,139
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INCOME HOUSING
Revenue
$566,653
Organization Details
Founding Year
1975
Phone
(309) 673-2252Principal Officer
Fred Luke
Main Address
200 CARLSON AVENUE, WASHINGTON, IL, 61571
NTEE Category
Code: L210 - Housing
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