Overview
What is Lewistown Area Community Development?
Lewistown Area Community Development is a nonprofit organization situated in Lewistown, Illinois. Its primary objective is to offer subsidized apartment rental housing to around 100 low-income elderly and handicapped individuals, facilitated through the US Department of HUD Section 202 program. Their mission is dedicated to providing safe and affordable housing solutions for this specific demographic. Operating under the name Spoon River Towers, they employ a team of 5 individuals to achieve this mission.
Official website here: www.unitedchurchhomes.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star Rating)
The Lewistown Area Community Development has received a Three-Star rating from Charity Navigator, reflecting a solid performance primarily in accountability and finance, scoring 77% in this category. The rating indicates that the organization demonstrates a reasonable level of financial health and operational transparency, which is crucial for donor confidence and trust.
Strengths of this nonprofit include having a fully independent board, comprehensive financial oversight through audits, and established policies for conflict of interest and whistleblower protections. These factors contribute positively to their accountability measures, showcasing a commitment to ethical standards in governance. Additionally, they maintain transparency by listing necessary documents on their website and ensuring that board meeting minutes are accessible.
However, a notable limitation in their financial performance is indicated by a liabilities-to-assets ratio of 142.55%, which raises concerns about their financial sustainability and ability to manage debts effectively. While their program expense ratio of 66.76% suggests that a significant portion of their budget is directed toward programs, the high liabilities may impact future operational stability. Overall, while Lewistown Area Community Development shows positive governance practices, potential donors should consider the financial risks reflected in their liabilities.
This AI summary has been generated from information found on Charity Navigator.
Is Lewistown Area Community Development legitimate?
Lewistown Area Community Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lewistown Area Community Development 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: $122,215
For more financial information, click here
Official website here: www.unitedchurchhomes.org
What is the mission statement of Lewistown Area Community Development?
Lewistown Area Community Development's mission is centered around providing safe and affordable housing solutions. Their primary goal is to cater to the needs of elderly and handicapped individuals, offering them a living space that is both secure and economically feasible. This is achieved through the utilization of the US Department of HUD Section 202 program, which facilitates the provision of subsidized apartment rentals for approximately 100 eligible individuals.
Official website here: www.unitedchurchhomes.org
Who is the CEO of Lewistown Area Community Development?
Darla Henderson is the Treasurer of Lewistown Area Community Development.
Official website here: www.unitedchurchhomes.org
What is the revenue of Lewistown Area Community Development?
Lewistown Area Community Development's revenue in 2022 was $1,114,118.
Official website here: www.unitedchurchhomes.org
Who are the executives of Lewistown Area Community Development and what are their salaries?
The average compensation at Lewistown Area Community Development during 2022 was $24,443. There are 5 employees at Lewistown Area Community Development.
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.unitedchurchhomes.org
Where can I find the form 990 for Lewistown Area Community Development?
Lewistown Area Community Development's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.unitedchurchhomes.org
Learn more at the official website: www.unitedchurchhomes.org
Mission Statement of Lewistown Area Community Development
Lewistown Area Community Development, as a nonprofit organization, is committed to providing a vital service. Its mission is centered around ensuring that elderly and handicapped individuals have access to safe and affordable housing options. Through the US Department of HUD Section 202 program, this organization provides subsidized apartment rental housing to approximately 100 vulnerable individuals. By doing so, Lewistown Area Community Development contributes significantly to the well-being and living standards of these individuals, enabling them to maintain a decent quality of life.
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Impact
October, 2024
Lewistown Area Community Development plays a crucial role in enhancing the quality of life for low-income elderly and handicapped individuals in Lewistown, Illinois. By focusing on safe and affordable housing, it serves approximately 100 residents, ensuring they have access to subsidized apartment rental options through the U.S. Department of HUD Section 202 program. This initiative not only addresses the essential need for stable housing but also fosters a sense of community among residents, enabling them to live with dignity and security. Through its mission, Lewistown Area Community Development contributes significantly to alleviating housing challenges for some of the most vulnerable members of society.
This information is meant to be a general summary of Lewistown Area Community Development. 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: $400
- Program Service Revenue: $401,370
- Gross Receipts: $1,114,118
Assets and Liabilities:
- Total Assets: $2,045,755
- Total Liabilities: $2,916,387
- Net Assets: -$870,632
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income
Revenue
$401,370
Organization Details
Founding Year
1951
Phone
(740) 382-4885Principal Officer
Darla Henderson
Main Address
401 North Illinois Street, Lewistown, IL, 615421120
Website
www.unitedchurchhomes.orgNTEE Category
Code: L20 - Housing
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