Overview
What is Lincoln Villas North Inc?
Lincoln Villas North Inc is a nonprofit organization situated in Watertown, Wisconsin, specifically at 1045 Hill Street. Their primary mission is to provide affordable housing for senior citizens. Through the U.S. Department of Housing and Urban Development (HUD), they manage a single building containing 74 one-bedroom apartments. An additional feature they offer is a senior lunch program, providing a communal dining experience for the residents. This organization aims to support the living needs of senior citizens in the community.
Official website here: www.illuminus.us
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68%, Two-Star out of Four Stars
Lincoln Villas North Inc has received a two-star rating from Charity Navigator, indicating an overall score of 68%. This score reflects the organization's performance in accountability and finance, where it has demonstrated strengths such as having a fully independent board of directors and robust audit processes. The charity has also effectively implemented policies related to conflict of interest, whistleblower protections, and document retention.
Despite these positives, the organization faces challenges, particularly with its financial ratios. The liabilities to assets ratio is notably high at 161.88%, which raises concerns about financial sustainability. Additionally, while the program expense ratio is relatively decent at 61.17%, it indicates that there may be room for improvement in maximizing funds allocated directly to programs that serve their mission.
In summary, while Lincoln Villas North Inc showcases solid governance practices and accountability measures, its financial health presents significant areas for concern that potential donors and stakeholders should consider.
This AI summary has been generated from information found on Charity Navigator.
Is Lincoln Villas North Inc legitimate?
Lincoln Villas North Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lincoln Villas North 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: $168,179
For more financial information, click here
Official website here: www.illuminus.us
What is the mission statement of Lincoln Villas North Inc?
Lincoln Villas North Inc serves as a senior living residence, offering 74 individual one-bedroom apartments. Their primary mission is to provide low-income housing for elderly individuals through the HUD program. To enhance their residents' living experience, Lincoln Villas North also offers a senior lunch program. The organization's mission is centered around providing a comfortable and supportive environment for senior citizens, ensuring they have access to essential amenities and social activities.
Official website here: www.illuminus.us
Who is the CEO of Lincoln Villas North Inc?
Matthew Mauthe is the CEO of Lincoln Villas North Inc The CEO's salary of Lincoln Villas North Inc is $0 and their total compensation is $658,445.
Official website here: www.illuminus.us
What is the revenue of Lincoln Villas North Inc?
Lincoln Villas North Inc's revenue in 2023 was $1,025,648.
Official website here: www.illuminus.us
Who are the executives of Lincoln Villas North Inc and what are their salaries?
Here are 3 key members and their salaries (Lincoln Villas North Inc's CEO's salary is $0 and their total compensation is $658,445):
- Compensation: $0
- Related: $626,375
- Other: $32,070
- Compensation: $0
- Related: $255,555
- Other: $39,017
- Compensation: $0
- Related: $284,971
- Other: $33,417
Official website here: www.illuminus.us
Where can I find the form 990 for Lincoln Villas North Inc?
Lincoln Villas North Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.illuminus.us
Learn more at the official website: www.illuminus.us
Mission Statement of Lincoln Villas North Inc
Lincoln Villas North Inc is dedicated to providing low-income housing for seniors. This nonprofit organization offers 74 individual one-bedroom apartments, all part of the HUD program. To further support its senior residents, Lincoln Villas North Inc also operates a senior lunch program. This mission is geared towards providing a comfortable living environment and essential services for the elderly, enhancing their quality of life.
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Impact
July, 2024
Lincoln Villas North Inc's impact is significant in providing low-income housing for seniors in Watertown, WI. With 74 individual one-bedroom apartment units and a senior lunch program, Lincoln Villas North plays a crucial role in supporting the housing needs of the senior community in the area. Through its focus on affordable housing and services tailored to seniors, Lincoln Villas North positively impacts the lives of its residents by providing them with a safe and supportive living environment.
This information is meant to be a general summary of Lincoln Villas North 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: $33,265
- Program Service Revenue: $810,495
- Gross Receipts: $1,025,648
Assets and Liabilities:
- Total Assets: $2,517,867
- Total Liabilities: $4,075,973
- Net Assets: -$1,558,106
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTS
Revenue
$810,495
Organization Details
Founding Year
1982
Principal Officer
Nicole Chwala
Website
www.illuminus.usNTEE Category
Code: L20Z - Housing
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