Overview
What is Lanesboro Housing Development Inc Co Lifestyle Inc?
Lanesboro Housing Development Inc Co Lifestyle Inc is a nonprofit organization that specializes in providing senior living accommodations. Situated within its mission, the organization offers 34 apartment units for elderly individuals seeking rental housing, thereby functioning as a retirement community. This service caters to the elderly population, offering them a comfortable and suitable living environment.
Is Lanesboro Housing Development Inc Co Lifestyle Inc legitimate?
Lanesboro Housing Development Inc Co Lifestyle Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Lanesboro Housing Development Inc Co Lifestyle 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: $14,685
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What is the mission statement of Lanesboro Housing Development Inc Co Lifestyle Inc?
Lanesboro Housing Development Inc Co Lifestyle Inc, as part of its mission, provides 34 apartment units for elderly housing rentals. This organization serves as a retirement community, offering senior citizens a place to reside. The primary focus of Lanesboro Housing Development is to provide a living space for the elderly, contributing to their comfort and well-being during their retirement years. The organization's commitment to elderly housing rentals ensures that senior citizens have access to a suitable living environment, fostering a sense of community and support among its residents.
What is the revenue of Lanesboro Housing Development Inc Co Lifestyle Inc?
Lanesboro Housing Development Inc Co Lifestyle Inc's revenue in 2024 was $353,271.
Who are the executives of Lanesboro Housing Development Inc Co Lifestyle Inc and what are their salaries?
The average compensation at Lanesboro Housing Development Inc Co Lifestyle Inc during 2024 was $13,255. There 9 volunteers at Lanesboro Housing Development Inc Co Lifestyle Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Lanesboro Housing Development Inc Co Lifestyle Inc?
Lanesboro Housing Development Inc Co Lifestyle Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Lanesboro Housing Development Inc Co Lifestyle Inc
Lanesboro Housing Development Inc Co Lifestyle Inc is dedicated to providing elderly housing rentals as part of its mission. This nonprofit organization offers 34 apartment units, serving as a retirement community for senior citizens. Its mission is to provide a comfortable and secure living environment for the elderly, allowing them to enjoy their golden years in peace. The apartments offered by Lanesboro Housing Development Inc Co Lifestyle Inc are designed with the needs of the elderly in mind, offering a sense of community and a place to call home. The nonprofit organization strives to create an environment that fosters independence, safety, and social interaction for its elderly residents. By providing affordable housing rentals, Lanesboro Housing Development Inc Co Lifestyle Inc is able to make a positive impact on the lives of senior citizens, allowing them to maintain their dignity and independence as they age.
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Impact
October, 2024
Lanesboro Housing Development Inc Co Lifestyle Inc significantly impacts the community by providing essential housing solutions for senior citizens in Owatonna, MN. With 34 dedicated apartment units, it facilitates comfortable living arrangements tailored for the elderly, contributing to their quality of life and overall well-being.
By offering a retirement community, it fosters a sense of belonging and security among residents, enabling them to maintain independence while also accessing a support network. This development not only addresses the critical need for affordable housing options for seniors but also enhances the local economy by creating jobs and encouraging community engagement. The presence of such housing initiatives is crucial in promoting healthy aging and ensuring that seniors have a place to call home within their community.
This information is meant to be a general summary of Lanesboro Housing Development Inc Co Lifestyle 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 2024.
- Investment Income: $318
- Program Service Revenue: $352,953
- Gross Receipts: $353,271
Assets and Liabilities:
- Total Assets: $637,437
- Total Liabilities: $112,426
- Net Assets: $525,011
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME ACTIVITY-SYLVAN
Revenue
$214,583
RENTAL INCOME ACTIVITY-KENILW
Revenue
$138,370
Organization Details
Founding Year
1975
Principal Officer
Marge Fuller
NTEE Category
Code: L22 - Housing
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