Overview
What is Lawndale Apartments Inc Nonprofit Housing Corporation?
Lawndale Apartments Inc Nonprofit Housing Corporation, situated in Mount Pleasant, Michigan, is committed to providing affordable housing solutions for low-income senior citizens. This nonprofit organization manages a complex that houses 24 units, with tenant rents determined by individual income levels. The balance of the rent is covered through governmental assistance, ensuring that affordable living remains an option for this demographic. Their primary mission is to create a supportive housing environment for senior citizens with moderate and low income levels.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating.
Lawndale Apartments Inc Nonprofit Housing Corporation has received a solid rating based on its accountability and finance practices, achieving an 80% score. This rating is significant as it suggests a strong commitment to responsible financial management and transparency, which are essential in nonprofit operations. The evaluation indicates that the organization has a fully independent board, which is critical for governance and oversight.
Strengths highlighted include a high program expense ratio of 99.16%, indicating that nearly all of its spending is directed towards its core mission of providing housing. Additionally, the organization has demonstrated strong policies regarding asset management and document retention, which further contribute to its accountability metrics. The absence of material diversion of assets also reinforces its integrity.
While the rating reflects positively on the organization's financial health and governance structure, it is important for potential donors and stakeholders to consider how these metrics translate into on-the-ground impact. Continuous monitoring of outcomes and community feedback will be essential in assessing the long-term effectiveness of Lawndale Apartments Inc in achieving its housing goals.
This AI summary has been generated from information found on Charity Navigator.
Is Lawndale Apartments Inc Nonprofit Housing Corporation legitimate?
Lawndale Apartments Inc Nonprofit Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lawndale Apartments Inc Nonprofit Housing 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
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What is the mission statement of Lawndale Apartments Inc Nonprofit Housing Corporation?
Lawndale Apartments Inc Nonprofit Housing Corporation is dedicated to providing affordable housing for senior citizens with low and moderate income levels. Their mission is crystal clear: to offer housing solutions that cater to this specific demographic. The corporation maintains a housing complex, which currently houses 24 units, ensuring that rent is affordable for its residents. The remaining rent balance is covered through governmental assistance, ensuring that these senior citizens can comfortably reside within the complex.
Who is the CEO of Lawndale Apartments Inc Nonprofit Housing Corporation?
Mary Trucks is the Vice Chair of Lawndale Apartments Inc Nonprofit Housing Corporation.
What is the revenue of Lawndale Apartments Inc Nonprofit Housing Corporation?
Lawndale Apartments Inc Nonprofit Housing Corporation's revenue in 2022 was $177,536.
Who are the executives of Lawndale Apartments Inc Nonprofit Housing Corporation and what are their salaries?
There 4 volunteers at Lawndale Apartments Inc Nonprofit Housing 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 Lawndale Apartments Inc Nonprofit Housing Corporation?
Lawndale Apartments Inc Nonprofit Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lawndale Apartments Inc Nonprofit Housing Corporation
Lawndale Apartments Inc Nonprofit Housing Corporation is dedicated to providing affordable housing for low and moderate income senior citizens. In line with its mission, the organization maintains a complex with 24 units, offering a place to live for those who might not otherwise be able to afford it. The rent for these senior residents is based on their income, ensuring that they pay a fair and affordable amount. The remaining balance of the rent is covered through governmental assistance, ensuring that no senior citizen is left homeless due to financial constraints. Lawndale Apartments Inc Nonprofit Housing Corporation plays a vital role in providing a secure and affordable living environment for senior citizens, empowering them to live with dignity and independence.
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Impact
October, 2024
Lawndale Apartments Inc Nonprofit Housing Corporation plays a critical role in addressing the housing needs of low and moderate-income senior citizens in Mt. Pleasant, MI. By maintaining 24 affordable rental units, the organization ensures that seniors can access safe and stable housing, which is essential for their well-being and quality of life.
Rent is structured based on tenants' income, making it more accessible for individuals on fixed incomes. The remaining costs are supplemented by governmental assistance, further alleviating financial pressures on residents. This model not only helps prevent homelessness among vulnerable seniors but also fosters a supportive community environment where residents can thrive.
The impact of Lawndale Apartments extends beyond housing; it contributes to the overall stability of the community by offering seniors a dignified living situation that allows them to age in place with security and dignity.
This information is meant to be a general summary of Lawndale Apartments Inc Nonprofit Housing 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 2022.
- Investment Income: $170
- Program Service Revenue: $92,140
- Gross Receipts: $177,536
Assets and Liabilities:
- Total Assets: $574,730
- Total Liabilities: $30,455
- Net Assets: $544,275
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$83,170
OTHER RENT CHARGES
Revenue
$6,916
LAUNDRY INCOME
Revenue
$1,945
OTHER TENANT CHARGES
Revenue
$109
Organization Details
Founding Year
1992
Phone
(517) 772-3261Principal Officer
Mary Trucks
Main Address
102 S MAIN STREET, MT PLEASANT, MI, 48858
NTEE Category
Code: L22 - Housing
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