Overview
What is Lapeer Neighborhoods Incorporated?
Lapeer Neighborhoods Incorporated is a nonprofit organization based in Lapeer, Michigan, with a mission to enhance the quality of life for the city's residents. They aim to make neighborhoods safe, clean, attractive, and economically stable by facilitating various programs. These include providing low-interest housing rehabilitation loans for low and moderate-income households, offering low-interest loans for historic preservation, granting emergency repairs and weatherization improvements to qualified households, and assisting in increasing homeownership through lease/ownership assistance programs. Additionally, they offer maintenance assistance for homeowners with disabilities or age-related limitations and acquire, rehabilitate, and resell houses to qualified individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, Score: 73%)
Lapeer Neighborhoods Incorporated has received a "Needs Improvement" rating from Charity Navigator, indicating some concerns despite strong performance in certain areas. Notably, the organization scored a perfect 100% in Accountability & Finance, showcasing a robust governance structure with an independent board comprised entirely of independent members. Additionally, they demonstrate a high program expense ratio of 95.03%, reflecting a commitment to directing funds toward their mission.
However, the organization has significant limitations that impacted its overall rating. The absence of key policies, such as a conflict of interest policy, whistleblower policy, and document retention and destruction policy, detracts from its governance practices. Furthermore, the lack of transparency, highlighted by missing tax forms and website links, raises concerns about the organization’s accessibility and accountability to the public.
Overall, while Lapeer Neighborhoods Incorporated excels in financial accountability and governance structure, the missing compliance and transparency measures suggest areas requiring urgent attention to improve trust and credibility with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Lapeer Neighborhoods Incorporated legitimate?
Lapeer Neighborhoods Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lapeer Neighborhoods Incorporated 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:
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Other Salaries and Wages: $0
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What is the mission statement of Lapeer Neighborhoods Incorporated?
Lapeer Neighborhoods Incorporated aims to enhance the quality of life for its residents by focusing on making neighborhoods safe, clean, attractive, and economically stable. To achieve this goal, the organization facilitates various programs and activities that directly improve the stability of neighborhoods. These initiatives include providing low-interest housing rehabilitation loans for low and moderate-income households, offering low-interest loans for historic preservation regardless of income level, granting emergency repairs and weatherization improvements to qualified households, assisting in increasing homeownership through lease/ownership assistance programs, and offering maintenance assistance programs for homeowners who are unable to perform extensive maintenance due to disability or age. Additionally, Lapeer Neighborhoods Incorporated acquires, rehabilitates, and resells houses to qualified households.
Who is the CEO of Lapeer Neighborhoods Incorporated?
Jim Mikus is the Chairperson of Lapeer Neighborhoods Incorporated.
What is the revenue of Lapeer Neighborhoods Incorporated?
Lapeer Neighborhoods Incorporated's revenue in 2022 was $181,570.
Who are the executives of Lapeer Neighborhoods Incorporated and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Lapeer Neighborhoods Incorporated?
Lapeer Neighborhoods Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lapeer Neighborhoods Incorporated
Lapeer Neighborhoods Incorporated, a nonprofit organization, is dedicated to enhancing the quality of life for its residents. Their mission is to contribute to making the neighborhoods safe, clean, attractive, and economically stable. To achieve this goal, they facilitate programs and activities that directly improve the stability of the neighborhoods. This includes offering low-interest housing rehabilitation loans for low and moderate-income households, providing low-interest loans for historic preservation, regardless of household income, and offering grants for emergency repairs and weatherization improvements to qualified households.
Lapeer Neighborhoods Incorporated also works towards increasing the level of homeownership in the neighborhoods through lease/ownership assistance programs. They provide maintenance assistance programs for homeowners who are unable to perform extensive maintenance due to disability or age. Additionally, the organization acquires, rehabilitates, and resells houses to qualified households. By implementing these initiatives, Lapeer Neighborhoods Incorporated aims to significantly improve the living conditions and stability of its community.
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Impact
October, 2024
Lapeer Neighborhoods Incorporated significantly enhances the quality of life for residents of Lapeer by focusing on safety, cleanliness, attractiveness, and economic stability across neighborhoods. Through various programs and activities, it directly addresses the needs of the community by offering low-interest housing rehabilitation loans, particularly aimed at low and moderate-income households. This initiative not only helps individuals improve their homes but also uplifts the overall neighborhood aesthetic and value.
Additionally, the organization provides low-interest loans for historic preservation, ensuring that the rich cultural heritage of Lapeer is maintained and cherished. Emergency repair grants and weatherization improvements are offered to qualified households, which alleviate financial burdens and improve living conditions. By assisting in increasing homeownership through lease/ownership assistance programs, Lapeer Neighborhoods fosters a sense of community and stability among residents.
For those facing challenges due to age or disability, maintenance assistance programs are crucial, enabling these individuals to remain in their homes without the stress of extensive upkeep. Furthermore, Lapeer Neighborhoods actively participates in the acquisition, rehabilitation, and resale of homes, which not only revitalizes properties but also makes homeownership accessible for qualified households.
Overall, Lapeer Neighborhoods Incorporated plays a vital role in bolstering the community, ensuring that neighborhoods are not just places to live but thriving, supportive environments for all residents.
This information is meant to be a general summary of Lapeer Neighborhoods Incorporated. 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: $4
- Gross Receipts: $181,570
Assets and Liabilities:
- Total Assets: $55,237
- Total Liabilities: $0
- Net Assets: $55,237
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Organization Details
Founding Year
1992
Phone
(810) 245-4221Principal Officer
Jim Mikus
Main Address
576 LIBERTY PARK, LAPEER, MI, 484462140
NTEE Category
Code: S00 - Community improvement
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