Overview
What is Lakes Homes And Program Development Inc?
Lakes Homes and Program Development Inc, situated in Detroit Lakes, Minnesota, is a nonprofit organization dedicated to supporting individuals with developmental disabilities. With a workforce of 185, they offer residential and supportive living services across various locations in Becker County, Mahnomen County, and Otter Tail County. Their mission is to provide high-quality residential living facilities and associated services, aiming to improve the lives of individuals with developmental disabilities. Their services extend beyond just providing a home, ensuring a supportive environment that fosters independence and well-being.
Official website here: www.lakeshomes.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% - Four-Star out of Four Star rating
Lakes Homes And Program Development Inc has achieved a commendable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization scored 92% in the Accountability & Finance category, reflecting strong governance practices, including a fully independent board of directors and rigorous financial audits.
The organization excels in program expense ratio, with a significant 93.03% of its expenses directed towards programs, demonstrating a commitment to its mission. Other strengths include no material diversion of assets, a solid liabilities to assets ratio of 42.91%, and a well-maintained policy for document retention.
However, it is worth noting that Lakes Homes And Program Development Inc is missing a conflict of interest policy, which can be a critical aspect of transparency and ethical governance. This limitation suggests an area for improvement despite the overall positive rating.
This AI summary has been generated from information found on Charity Navigator.
Is Lakes Homes And Program Development Inc legitimate?
Lakes Homes And Program Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lakes Homes And Program Development 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: $4,178,184
For more financial information, click here
Official website here: www.lakeshomes.net
What is the mission statement of Lakes Homes And Program Development Inc?
Lakes Homes and Program Development Inc is dedicated to providing residential and supportive living services for individuals with developmental disabilities. Their primary mission is to establish residential living facilities and offer related services to cater to the needs of these individuals. The organization strives to enhance the quality of life for individuals with developmental disabilities, offering services at various locations in Becker County, Mahnomen County, and Otter Tail County.
Official website here: www.lakeshomes.net
Who is the CEO of Lakes Homes And Program Development Inc?
Roger Josephson is the Director of Lakes Homes And Program Development Inc.
Official website here: www.lakeshomes.net
What is the revenue of Lakes Homes And Program Development Inc?
Lakes Homes And Program Development Inc's revenue in 2021 was $6,796,510.
Official website here: www.lakeshomes.net
Who are the executives of Lakes Homes And Program Development Inc and what are their salaries?
The average compensation at Lakes Homes And Program Development Inc during 2021 was $22,585. There are 185 employees at Lakes Homes And Program Development Inc.
Here are 7 key members and their salaries:
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Official website here: www.lakeshomes.net
Where can I find the form 990 for Lakes Homes And Program Development Inc?
Lakes Homes And Program Development Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.lakeshomes.net
Learn more at the official website: www.lakeshomes.net
Mission Statement of Lakes Homes And Program Development Inc
Lakes Homes and Program Development Inc is committed to providing residential and supportive living services for individuals with developmental disabilities. Their mission is to establish and operate residential living facilities and offer necessary services to individuals who fall under this category. By doing so, they aim to enhance the quality of life for these individuals, providing them with a conducive environment for their growth and development. The organization's services are designed to cater to the unique needs of each individual, ensuring their overall well-being and independence.
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Impact
July, 2024
Lakes Homes And Program Development Inc's impact is evident in the essential services it provides to individuals with developmental disabilities. By offering residential and supportive living arrangements across multiple locations, including Becker County, Mahnomen County, and Otter Tail County in Minnesota, the organization plays a crucial role in enhancing the quality of life for this vulnerable population. Through its mission to provide residential living facilities and services tailored to the specific needs of individuals with developmental disabilities, Lakes Homes And Program Development Inc makes a significant difference in promoting independence, dignity, and a sense of community for those it serves.
This information is meant to be a general summary of Lakes Homes And Program Development 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 2021.
- Investment Income: $11,448
- Program Service Revenue: $6,780,150
- Gross Receipts: $6,796,510
Assets and Liabilities:
- Total Assets: $7,132,336
- Total Liabilities: $3,060,740
- Net Assets: $4,071,596
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM PER DIEM
Revenue
$6,064,825
ROOM AND BOARD
Revenue
$545,692
HUD PROGRAMS
Revenue
$134,606
PRIVATE PAY HUD PROGRAMS
Revenue
$35,027
Organization Details
Founding Year
1977
Phone
(218) 847-5642Principal Officer
Roger Josephson
Main Address
847 US HIGHWAY 10 EAST, DETROIT LAKES, MN, 56501
Website
www.lakeshomes.netNTEE Category
Code: P73Z - Human services
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