Overview
What is Lhl Building Corporation?
Lhl Building Corporation is a corporation based in Wood River, Illinois, holding title to two buildings. One of these buildings was donated to the Madison County Association for Mentally Handicapped Citizens, while the other was constructed by them. The corporation maintains these properties and collects rent from the William M. Bedell Achievement and Resource Center, a tax-exempt 501(c)(3) organization that offers training for mentally disabled adults and children. Lhl Building Corporation and the Bedell Resource Center may not share a common governance structure, but the corporation plays a crucial role in supporting their operations.
Is Lhl Building Corporation legitimate?
Lhl Building Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Lhl Building 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: $0
For more financial information, click here
What is the mission statement of Lhl Building Corporation?
Lhl Building Corporation primarily holds titles to two buildings, one of which was donated and the other constructed. One of these buildings is used by the William M. Bedell Achievement and Resource Center, a tax-exempt 501(C)(3) organization that provides training for mentally disabled adults and children. The corporation maintains these buildings and the surrounding grounds, collecting rent from the resource center. Lhl Building Corporation also extends loans to the resource center and is committed to supporting the mentally disabled individuals in Madison County, Illinois. It's important to note that Lhl Building Corporation and the Bedell Resource Center are not affiliated in any way beyond the use of the buildings.
What is the revenue of Lhl Building Corporation?
Lhl Building Corporation's revenue in 2024 was $104,201.
Who are the executives of Lhl Building Corporation and what are their salaries?
There 4 volunteers at Lhl Building Corporation.
Here are 4 key members and their salaries:
- 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 Lhl Building Corporation?
Lhl Building Corporation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Lhl Building Corporation
Lhl Building Corporation, a separate entity, holds the title to two buildings. One of these buildings was donated to the Madison County Association for Mentally Handicapped Citizens, while the other was constructed by Lhl Building Corporation itself. The corporation maintains these buildings and the surrounding grounds, collecting rent from the William M. Bedell Achievement and Resource Center, a tax-exempt 501(C)(3) organization that provides training for mentally disabled adults and children.
Lhl Building Corporation and the Bedell Resource Center are not affiliated through shared members, governing bodies, trustees, or officers. However, Lhl Building Corporation retains ownership and is responsible for maintaining the buildings and grounds used exclusively by the Bedell Resource Center. In addition, Lhl Building Corporation extends loans to the Bedell Resource Center and remains committed to supporting the mentally disabled adults and children in Madison County, Illinois. The corporation's involvement in providing the necessary infrastructure and financial support allows the Bedell Resource Center to focus on its mission of providing training and resources for mentally disabled individuals, ensuring their continued growth and development.
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
LHL Building Corporation significantly impacts the community by providing essential facilities and support for individuals with disabilities. By holding the title to key buildings, including those donated specifically to serve mentally handicapped citizens, LHL ensures that crucial resources are available for training and development. The maintenance of these buildings and grounds fosters a safe and accessible environment for programs aimed at empowering mentally disabled adults and children.
Additionally, the partnership with the William M. Bedell Achievement and Resource Center enhances the effectiveness of services offered to the community. LHL's collection of rent and provision of loans to the center demonstrates a commitment to financial sustainability, ensuring that these vital resources remain operational. This support not only improves the quality of life for those served but also contributes to a more inclusive and supportive community in Madison County, Illinois.
This information is meant to be a general summary of Lhl Building 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 2024.
- Investment Income: $60,417
- Gross Receipts: $219,657
Assets and Liabilities:
- Total Assets: $3,899,437
- Total Liabilities: $0
- Net Assets: $3,899,437
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1982
Principal Officer
Mark Kratschmer
NTEE Category
Code: S47 - Community improvement
If you are a representative of Lhl Building Corporation 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.