Overview
What is Lynx Crossing Apartments Inc?
Lynx Crossing Apartments Inc is a nonprofit organization located in Sapulpa, Oklahoma. Established in January 2020, their primary focus is on managing an apartment complex that provides affordable housing for low-income elderly individuals and those with disabilities. The organization, known as Lynx Crossing Apartments, operates with a dedicated team of two employees, ensuring a comfortable living environment for its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
Lynx Crossing Apartments Inc has received a solid rating of 79%, reflecting a commendable level of accountability and financial health. The organization boasts a perfect score for its board independence and policies, demonstrating strong governance practices. Their program expense ratio is noteworthy at 97.94%, indicating that a significant portion of their spending is directed towards their mission-related activities.
However, the organization faces a critical challenge with a liabilities to assets ratio of 106.53%, which suggests it may have more liabilities than assets. This financial structure could raise concerns about sustainability and long-term viability. While the strong governance and accountability measures are a positive aspect, potential donors and stakeholders should take the financial ratio into account when considering their support.
In summary, while Lynx Crossing Apartments Inc shows strong governance and an effective allocation of resources towards its programs, the financial health indicated by its liabilities is an important factor to consider. The combination of these strengths and limitations provides a nuanced picture of the organization's operational health.
This AI summary has been generated from information found on Charity Navigator.
Is Lynx Crossing Apartments Inc legitimate?
Lynx Crossing Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lynx Crossing Apartments 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: $60,191
For more financial information, click here
What is the mission statement of Lynx Crossing Apartments Inc?
Lynx Crossing Apartments Inc is dedicated to providing housing for low-income elderly individuals and those with disabilities. Established in January 2020, the organization operates an apartment complex that serves as a home for these specific groups of people. The mission of Lynx Crossing Apartments Inc is centered around facilitating a living environment that is accessible and affordable for individuals who may otherwise struggle with these needs. The organization's operations are focused on ensuring a comfortable and supportive living situation for its residents.
What is the revenue of Lynx Crossing Apartments Inc?
Lynx Crossing Apartments Inc's revenue in 2023 was $463,603.
Who are the executives of Lynx Crossing Apartments Inc and what are their salaries?
The average compensation at Lynx Crossing Apartments Inc during 2023 was $30,096. There are 2 employees and 3 volunteers at Lynx Crossing Apartments Inc.
Here are 3 key members and their salaries:
- 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 Lynx Crossing Apartments Inc?
Lynx Crossing Apartments Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Lynx Crossing Apartments Inc
Lynx Crossing Apartments Inc, a nonprofit organization, is dedicated to providing housing solutions for low-income elderly individuals and those with disabilities. Established in January 2020, the organization's mission is centered around operating an apartment complex that caters to this specific demographic. By offering housing, Lynx Crossing Apartments Inc aims to contribute to the well-being of these individuals, providing them with a safe and comfortable living environment. The organization's operations focus on catering to the needs of these residents, ensuring that they have access to a home that is both affordable and suitable for their unique circumstances.
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Impact
July, 2024
Lynx Crossing Apartments Inc provides essential housing options for low-income elderly individuals and those with disabilities in Sapulpa, Oklahoma. By operating an apartment complex that caters to the specific needs of these vulnerable populations, Lynx Crossing Apartments Inc is making a direct and significant impact on the community. Their work ensures that these individuals have access to safe and affordable housing, promoting independence and improving their quality of life.
This information is meant to be a general summary of Lynx Crossing Apartments 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 2023.
- Investment Income: $1,473
- Program Service Revenue: $179,014
- Gross Receipts: $463,603
Assets and Liabilities:
- Total Assets: $2,016,224
- Total Liabilities: $2,147,912
- Net Assets: -$131,688
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tenant Rent
Revenue
$169,290
Laundry and Vending
Revenue
$7,849
Tenant Charges
Revenue
$1,875
Organization Details
Founding Year
2018
Principal Officer
Deborah Dutton
NTEE Category
Code: L22 - Housing
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