Overview
What is Lyngblomsten Apartments Inc?
Lyngblomsten Apartments Inc is a nonprofit organization situated in St. Paul, Minnesota, offering subsidized housing for seniors with low incomes. In 2022, they served 130 older adults. The apartments provide a home-like setting, relieving residents of maintenance burdens. Social activities are available, coordinated by the apartment staff, Lyngblomsten Community Services, and Lyngblomsten's Lifelong Learning and Arts Department. This nurturing environment fosters a sense of family, with an on-site service coordinator helping tenants access necessary services and resources. Tenants can opt for personal or medical care through Lyngblomsten Home Health Services or any agency of their choice. Given the aging population's increasing needs, the organization continually explores ways to enhance activities and support. Rooted in Christianity, Lyngblomsten's mission is to provide compassionate care and innovative services to preserve and improve the quality of life for older adults.
Official website here: www.lyngblomsten.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating.
Lyngblomsten Apartments Inc has received an 81% rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The rating is based entirely on their accountability and finance score, demonstrating a solid foundation in financial management and governance practices. The organization benefits from a majority independent board, which enhances its oversight capabilities and transparency.
The nonprofit earned full points in several key areas, including financial statements oversight, conflict of interest policies, and whistleblower protections. Their program expense ratio of 74.87% indicates a significant proportion of funds allocated directly to their programs, which is a positive mark for potential donors. However, a notable concern is their liabilities to assets ratio, which stands at 195.89%. This suggests potential financial risk, as their liabilities exceed their assets significantly.
Overall, while Lyngblomsten Apartments Inc demonstrates strengths in governance and program funding, the high liability ratio could be a point of consideration for stakeholders evaluating the organization's long-term financial health and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Lyngblomsten Apartments Inc legitimate?
Lyngblomsten Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lyngblomsten Apartments 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: $397,816
For more financial information, click here
Official website here: www.lyngblomsten.org
What is the mission statement of Lyngblomsten Apartments Inc?
Lyngblomsten Apartments Inc, influenced by its Christian values, strives to provide a ministry of compassionate care and innovative services to older adults. The organization aims to preserve and enhance the quality of life for these individuals. The apartment complex, subsidized by the HUD, offers a home for older adults with low incomes, serving 130 such individuals in 2022. The apartments offer personalized living without the burden of home maintenance, along with social activities organized by staff and community services. The management and staff promote a feeling of a caring family, and a service coordinator assists tenants in finding appropriate services and resources. For those requiring personal or medical care, services can be contracted through Lyngblomsten Home Health Services or any agency of their choice. As tenants age and become less mobile, the organization continues to explore ways to meet their increased needs for activities and support.
Official website here: www.lyngblomsten.org
Who is the CEO of Lyngblomsten Apartments Inc?
Jeff Heinecke is the President & Ceo of Lyngblomsten Apartments Inc. The CEO's salary of Lyngblomsten Apartments Inc is $0 and their total compensation is $323,421.
Official website here: www.lyngblomsten.org
What is the revenue of Lyngblomsten Apartments Inc?
Lyngblomsten Apartments Inc's revenue in 2022 was $1,357,242.
Official website here: www.lyngblomsten.org
Who are the executives of Lyngblomsten Apartments Inc and what are their salaries?
There 28 volunteers at Lyngblomsten Apartments Inc.
Here are 7 key members and their salaries (Lyngblomsten Apartments Inc's CEO's salary is $0 and their total compensation is $323,421):
- Compensation: $0
- Related: $274,983
- Other: $48,438
- Compensation: $0
- Related: $166,739
- Other: $50,367
- 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.lyngblomsten.org
Where can I find the form 990 for Lyngblomsten Apartments Inc?
Lyngblomsten Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lyngblomsten.org
Learn more at the official website: www.lyngblomsten.org
Mission Statement of Lyngblomsten Apartments Inc
Lyngblomsten Apartments Inc, inspired by Christian values, is dedicated to providing a ministry of compassionate care and innovative services to older adults. This mission is aimed at preserving and enhancing the quality of life for elderly individuals with low incomes, who reside in the housing complex. The organization offers personalized living arrangements without the burden of home maintenance, along with a variety of social activities coordinated by on-site staff, Lyngblomsten Community Services, and the Lifelong Learning and Arts Department. This fosters a sense of community and a caring family environment. A service coordinator is available to assist tenants in finding appropriate services and resources, completing necessary paperwork, and providing peace of mind for both the tenants and their families. Additionally, those requiring personal or medical care can contract for services through Lyngblomsten Home Health Services or any agency of their choice. As tenants age and become less mobile, Lyngblomsten Apartments Inc continues to explore ways to meet their increasing needs for activities and support.
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Impact
July, 2024
Lyngblomsten Apartments Inc has a significant impact in providing a ministry of compassionate care and innovative services to older adults in need. The organization's HUD-subsidized rental apartment building serves as a personalized living option for individuals aged 62 and above with low incomes, offering a supportive community and various social activities. With a service coordinator facilitating access to necessary resources and assistance, Lyngblomsten Apartments brings peace of mind to tenants and their families. The affiliation with Lyngblomsten and the Evangelical Lutheran Church in America further strengthens the organization's commitment to preserving and enhancing the quality of life for older adults in St. Paul, MN.
This information is meant to be a general summary of Lyngblomsten Apartments 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 2022.
- Investment Income: $56
- Program Service Revenue: $1,279,835
- Gross Receipts: $1,357,242
Assets and Liabilities:
- Total Assets: $2,075,281
- Total Liabilities: $4,065,273
- Net Assets: -$1,989,992
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSIST PAYMENT
Revenue
$668,333
APARTMENT INCOME
Revenue
$521,072
ELDERLY/CONGREGATE
Revenue
$90,430
Organization Details
Founding Year
1977
Phone
(651) 646-2941Principal Officer
Jeff Heinecke
Main Address
1415 ALMOND AVE, ST PAUL, MN, 55108
Website
www.lyngblomsten.orgNTEE Category
Code: L220 - Housing
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