Overview
What is Lathrop Senior Citizens Housing Inc?
Lathrop Senior Citizens Housing Inc is a nonprofit organization dedicated to addressing the housing needs of elderly rural residents with low or moderate income. Situated within this community, the organization provides rental housing and necessary facilities, meticulously designed to cater to the unique living requirements of its elderly residents. Their primary mission is to ensure the availability of suitable housing options for senior citizens, extending this service to other rural residents who may be financially disadvantaged.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating
Lathrop Senior Citizens Housing Inc has been evaluated with a score of 81%, indicating a solid level of accountability and finance management. The organization boasts a 100% independent board, which enhances its transparency, and has no reported material diversion of assets. Its financial practices are backed by a comprehensive range of policies, including conflict of interest and whistleblower policies.
A key strength of Lathrop is its program expense ratio, which stands at an impressive 100%, signifying that all its expenditures are directed towards programs rather than administrative costs. However, the organization has a liabilities to assets ratio of 67.72%, suggesting potential concerns regarding its financial obligations relative to its assets.
Overall, while Lathrop Senior Citizens Housing Inc demonstrates strong governance and effective use of funds, the high liabilities to assets ratio could warrant closer scrutiny for long-term financial stability.
This AI summary has been generated from information found on Charity Navigator.
Is Lathrop Senior Citizens Housing Inc legitimate?
Lathrop Senior Citizens Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lathrop Senior Citizens Housing Inc submitted a form 990EZ, 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.
What is the mission statement of Lathrop Senior Citizens Housing Inc?
Lathrop Senior Citizens Housing Inc. is committed to providing suitable housing and related facilities designed to cater to the unique needs and living requirements of elderly individuals with modest or low incomes, residing in rural areas. Their primary mission is to offer housing solutions for senior citizens, extending this service to other financially disadvantaged rural residents as well.
Who is the CEO of Lathrop Senior Citizens Housing Inc?
Sherry Christian is the Secretary Treasurer of Lathrop Senior Citizens Housing Inc.
What is the revenue of Lathrop Senior Citizens Housing Inc?
Lathrop Senior Citizens Housing Inc's revenue in 2022 was $154,194.
Who are the executives of Lathrop Senior Citizens Housing Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990EZ for Lathrop Senior Citizens Housing Inc?
Lathrop Senior Citizens Housing Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Lathrop Senior Citizens Housing Inc
Lathrop Senior Citizens Housing Inc is dedicated to providing suitable rental housing and associated facilities that cater to the unique needs and living conditions of elderly individuals with modest or low income, residing in rural areas. This nonprofit organization's primary mission is to offer housing solutions for senior citizens, as well as other rural residents who may fall under the same income bracket. The goal is to enhance the quality of life for these individuals by offering housing that is tailored to their specific needs.
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Impact
October, 2024
Lathrop Senior Citizens Housing Inc significantly enhances the quality of life for elderly residents in rural areas by providing affordable rental housing specifically designed to meet their unique needs. By tailoring living spaces and related facilities for seniors, the organization addresses critical housing shortages faced by low to moderate-income individuals, ensuring they have access to safe and comfortable living environments. This initiative not only meets the basic need for shelter but also fosters a sense of community among residents, promoting social engagement and support networks essential for healthy aging. Additionally, by focusing on rural populations, Lathrop Senior Citizens Housing helps to alleviate the challenges associated with isolation and limited access to services, ultimately improving the overall well-being of its residents.
This information is meant to be a general summary of Lathrop Senior Citizens Housing 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: $650
- Program Service Revenue: $153,544
- Gross Receipts: $154,194
Assets and Liabilities:
- Total Assets: $97,710
- Total Liabilities: $0
- Net Assets: $97,710
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Organization Details
Principal Officer
Sherry Christian
Main Address
121 W 3RD, CAMERON, MO, 64429
NTEE Category
Code: L99 - Housing
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