Overview
What is Stone Lake Woods Inc?
Stone Lake Woods Inc is a nonprofit organization situated in Cassopolis, Michigan. Their primary mission is to provide affordable housing for senior citizens, offering 43 subsidized rental apartments to cater to this demographic. By fulfilling this mission, Stone Lake Woods Inc aims to contribute positively to the community and ensure that elderly individuals have access to suitable living accommodations. The organization's focus on affordable housing for seniors is a commendable effort in addressing the housing needs of a vulnerable population within the local community.
Is Stone Lake Woods Inc legitimate?
Stone Lake Woods Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stone Lake Woods 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: $102,012
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What is the mission statement of Stone Lake Woods Inc?
Stone Lake Woods Inc, as an organization, is committed to providing affordable housing for the elderly. They accomplish this by offering subsidized rental apartments to senior citizens. Located in an unspecified location, their mission is to ensure that elderly individuals have access to affordable housing, thereby enhancing their living standards. Stone Lake Woods Inc's mission is a significant contribution to the well-being of senior citizens, providing them with a secure and affordable living environment.
Who is the CEO of Stone Lake Woods Inc?
Susan Loux is the President of Stone Lake Woods Inc.
What is the revenue of Stone Lake Woods Inc?
Stone Lake Woods Inc's revenue in 2022 was $440,398.
Who are the executives of Stone Lake Woods Inc and what are their salaries?
The average compensation at Stone Lake Woods Inc during 2022 was $25,503. There are 4 employees and 5 volunteers at Stone Lake Woods Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Stone Lake Woods Inc?
Stone Lake Woods Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Stone Lake Woods Inc
Stone Lake Woods, Inc., as a nonprofit organization, is committed to providing affordable housing for the elderly. With this mission in mind, the organization offers 43 subsidized rental apartments in an undisclosed location. By fulfilling this mission, Stone Lake Woods, Inc. aims to ensure that senior citizens have access to comfortable and affordable living spaces, thereby enhancing their quality of life. The organization's focus on elderly housing is a significant contribution to the community, ensuring that this vulnerable population has a secure and dignified place to call home.
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Impact
October, 2024
Stone Lake Woods Inc significantly impacts the community by providing 43 subsidized rental apartments specifically designed for senior citizens in Cassopolis, MI. By offering affordable housing options, it addresses a critical need for the elderly population, ensuring they have access to safe and stable living conditions. This initiative not only enhances the quality of life for seniors but also fosters a sense of community and belonging among residents. The availability of affordable housing helps alleviate financial burdens, allowing seniors to focus on their well-being and social connections. Ultimately, Stone Lake Woods Inc plays a vital role in improving the overall well-being of the elderly in the region, making a meaningful difference in their lives.
This information is meant to be a general summary of Stone Lake Woods 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 2022.
- Investment Income: $95
- Program Service Revenue: $174,048
- Gross Receipts: $440,398
Assets and Liabilities:
- Total Assets: $554,807
- Total Liabilities: $1,078,000
- Net Assets: -$523,193
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$172,349
LAUNDRY & VENDING REV
Revenue
$1,699
Organization Details
Founding Year
1981
Phone
(269) 445-8040Principal Officer
Susan Loux
Main Address
335 WEST STATE STREET, CASSOPOLIS, MI, 49031
NTEE Category
Code: L22 - Housing
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