Overview
What is Laurelton Nonprofit Housing Corporation?
Laurelton Nonprofit Housing Corporation is a Michigan-based, not-for-profit organization, established under the state's nonprofit statutes. Its primary mission is to offer affordable housing to individuals with disabilities, specifically catering to eight residences known as Springhill II, situated in the Metropolitan Detroit area. These residences are funded in accordance with Section 811 of the National Housing Act, aiming to provide suitable living spaces for people with developmental disabilities. The organization's activities are centered around low-income housing, serving as a vital resource for this specific community.
Official website here: www.none
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
Laurelton Nonprofit Housing Corporation has received a commendable Three-Star rating from Charity Navigator, reflecting its accountability and finance practices. The organization scored 82% overall, with its evaluation primarily based on its performance in financial management. This rating indicates a strong commitment to transparency and ethical practices, which is crucial for maintaining donor trust.
The nonprofit boasts a perfect score in several areas, including having a majority of independent board members and a robust conflict of interest policy. Additionally, it has effectively reported its program expenses, with an impressive ratio of 89.15%. These strengths highlight the organization’s dedication to responsible stewardship of its resources.
However, the organization faces a significant concern regarding its liabilities to assets ratio, which stands at 136.41%. This suggests that its liabilities exceed its assets, potentially raising questions about financial sustainability. Overall, while Laurelton Nonprofit Housing Corporation demonstrates solid governance, ongoing attention to its financial ratios will be essential for its long-term viability.
This AI summary has been generated from information found on Charity Navigator.
Is Laurelton Nonprofit Housing Corporation legitimate?
Laurelton Nonprofit Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Laurelton 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
For more financial information, click here
Official website here: www.none
What is the mission statement of Laurelton Nonprofit Housing Corporation?
Laurelton Nonprofit Housing Corporation is committed to providing low-income housing for individuals with disabilities. Established in accordance with Michigan's not-for-profit statutes, the corporation operates eight residences known as Springhill II, located in the Metropolitan Detroit area. These residences offer housing for individuals with developmental disabilities, in line with Section 811 of the National Housing Act. The corporation's primary objective is to provide a safe and supportive living environment for these individuals, enabling them to lead independent lives with dignity and respect. The corporation's operations are centered around the belief that everyone deserves a place to call home, regardless of their abilities.
Official website here: www.none
Who is the CEO of Laurelton Nonprofit Housing Corporation?
Kevin Wiedelman is the President of Laurelton Nonprofit Housing Corporation.
Official website here: www.none
What is the revenue of Laurelton Nonprofit Housing Corporation?
Laurelton Nonprofit Housing Corporation's revenue in 2022 was $203,325.
Official website here: www.none
Who are the executives of Laurelton Nonprofit Housing Corporation and what are their salaries?
There 4 volunteers at Laurelton Nonprofit Housing Corporation.
Here are 8 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Laurelton Nonprofit Housing Corporation
Laurelton Nonprofit Housing Corporation, a not-for-profit organization established in accordance with Michigan's statutes, is dedicated to providing affordable housing for individuals with disabilities. This mission is carried out through the operation of eight residential buildings known as Springhill II, located in the Metropolitan Detroit area. These residences are specifically designed to accommodate individuals with developmental disabilities, in compliance with Section 811 of the National Housing Act. The corporation's primary objective is to offer a safe and supportive living environment, enabling these individuals to lead fulfilling lives with dignity and independence.
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
Laurelton Nonprofit Housing Corporation significantly impacts the community by providing affordable housing specifically tailored for individuals with disabilities. Operating eight residences known as Springhill II in the Metro Detroit area, it ensures that those with developmental disabilities have access to safe and supportive living environments. This initiative aligns with the goals of Section 811 of the National Housing Act, facilitating housing options that promote independence and quality of life. By focusing on low-income housing, Laurelton also addresses broader issues of accessibility and equity in the housing market, making a vital contribution to the welfare of vulnerable populations in the region.
This information is meant to be a general summary of Laurelton 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: $723
- Program Service Revenue: $71,926
- Gross Receipts: $203,325
Assets and Liabilities:
- Total Assets: $1,734,385
- Total Liabilities: $2,366,182
- Net Assets: -$631,797
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$71,926
Organization Details
Founding Year
2001
Phone
(248) 928-0111Principal Officer
Kevin Wiedelman
Main Address
5505 CORPORATE DRIVE 300, TROY, MI, 48098
Website
www.noneNTEE Category
Code: L21 - Housing
If you are a representative of Laurelton Nonprofit Housing 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.