Overview
What is Lake Region Corporation?
Lake Region Corporation is a nonprofit organization situated in Devils Lake, North Dakota, specifically at 224 3rd St NW, 58301. Their primary focus is to offer residential support to 24 individuals and day support to 51 consumers. They manage and maintain four group homes, two of which are Intermediate Care Facilities for Individuals with Intellectual Disabilities (ICF/IID) and two are Medicaid State Licensing Agency (MSLA) homes. Furthermore, they operate a day support program. Lake Region Corporation is Title XIX certified at their ICF/IID Group Home and holds a 4-year certification with the Council on Quality and Leadership. They also support individuals living in apartment settings and those employed in the community, totaling 27 and 13 respectively. Their mission is to help people achieve success in their personal lives and within their communities. The organization is proud of its renewed contract with the City of Devils Lake for recycling services.
Official website here: www.lakeregioncorp.com
What are the reviews and ratings of this charity?
Charity Navigator rating for Lake Region Corporation is 81%, which earns it a Three-Star out of Four Star rating. This rating is primarily based on its accountability and finance practices, indicating that the organization demonstrates a solid commitment to financial transparency and effective governance. Notably, Lake Region Corporation has a fully independent board, which contributes positively to its oversight and organizational integrity.
The organization excels in maintaining a high program expense ratio of over 92%, signifying that a substantial portion of its funding is directed towards its programs. However, it does show a limitation in not providing its financial statements, which could impact potential donors' trust and confidence in the organization’s fiscal practices.
User reviews from GreatNonprofits are currently not available, so it's not possible to provide additional insights from direct user experiences. Overall, Lake Region Corporation appears to uphold a prudent approach to accountability, although further transparency in financial documentation could enhance its positive standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Lake Region Corporation?
94% of 13 reviewers on Facebook recommend Lake Region Corporation. Here is a summary of their reviews:
Many users describe Lake Region Corporation as an amazing organization, highlighting their positive experiences and commitment to the community. The enthusiastic responses showcase satisfaction with the services provided, indicating that the nonprofit effectively delivers on its mission.
Overall, the sentiment is overwhelmingly favorable, with supporters appreciating the impact that Lake Region Corporation has in the area. With such a strong recommendation rate, it’s clear that this nonprofit resonates well with those it serves.
This AI summary has been generated from reviews found on Facebook.
Is Lake Region Corporation legitimate?
Lake Region Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Region Corporation 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: $261,274
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,207,567
For more financial information, click here
Official website here: www.lakeregioncorp.com
What is the mission statement of Lake Region Corporation?
Lake Region Corporation's mission is centered around providing assistance to individuals in striving for success in their personal lives and within their communities. They achieve this goal through various support services, including residential and day programs. The corporation maintains and upgrades four group homes and a day support program, catering to a total of 78 consumers. They are Title XIX certified at one of their ICF/IID Group Homes and hold a 4-year certification with the Council on Quality and Leadership. Additionally, Lake Region Corporation supports individuals living in apartment settings and those employed in the community. They take pride in their renewed contract with Devils Lake City for recycling services.
Official website here: www.lakeregioncorp.com
Who is the CEO of Lake Region Corporation?
Jeffry Jacobson is the President of Lake Region Corporation. The CEO's salary of Lake Region Corporation is $129,526 and their total compensation is $149,025.
Official website here: www.lakeregioncorp.com
What is the revenue of Lake Region Corporation?
Lake Region Corporation's revenue in 2022 was $9,506,457.
Official website here: www.lakeregioncorp.com
Who are the executives of Lake Region Corporation and what are their salaries?
The average compensation at Lake Region Corporation during 2022 was $31,073. There are 176 employees and 19 volunteers at Lake Region Corporation.
Here are 8 key members and their salaries (Lake Region Corporation's CEO's salary is $129,526 and their total compensation is $149,025):
- Compensation: $375
- Related: $0
- Other: $0
- Compensation: $450
- Related: $0
- Other: $0
- Compensation: $375
- Related: $0
- Other: $0
- Compensation: $450
- Related: $0
- Other: $0
- Compensation: $525
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $129,526
- Related: $0
- Other: $19,499
- Compensation: $82,989
- Related: $0
- Other: $17,499
Official website here: www.lakeregioncorp.com
Where can I find the form 990 for Lake Region Corporation?
Lake Region Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lakeregioncorp.com
Learn more at the official website: www.lakeregioncorp.com
Mission Statement of Lake Region Corporation
Lake Region Corporation, a nonprofit organization, is committed to assisting individuals in their quest for personal and community success. Their mission is centered around providing the necessary support to enable people to achieve their personal goals and contribute positively to their community. This support is manifested in various ways, including residential services for 24 consumers and day support for 51 others. Lake Region Corporation maintains and updates four group homes, two of which are ICF and two are MSLA, and operates a day support program. Their commitment to quality is evident in their Title XIX certification at one of their ICF/IID Group Homes and their 4-year certification with the Council on Quality and Leadership. Beyond these facilities, Lake Region Corporation also supports 27 individuals living in an apartment setting and 13 individuals who are employed in the community. The organization's mission extends beyond just providing a place to live or work; it strives to empower individuals to reach their full potential and contribute positively to their communities.
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Impact
July, 2024
Lake Region Corporation plays a crucial role in providing support for individuals to achieve success in their lives and their communities. This organization offers residential support to 24 consumers and day support to 51 consumers, maintaining and updating four group homes and a day support program. They are certified by Title XIX at their ICF/IID Group Home and have a 4-year certification with the Council on Quality and Leadership. Additionally, they support individuals in apartment settings and help 13 people find employment in the community. Lake Region Corporation's impact extends to the City of Devils Lake, where they have a renewed contract for recycling services, showcasing their commitment to both individual support and community sustainability.
This information is meant to be a general summary of Lake Region Corporation. 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: $1,428
- Program Service Revenue: $8,341,280
- Gross Receipts: $9,506,457
Assets and Liabilities:
- Total Assets: $4,659,780
- Total Liabilities: $1,292,660
- Net Assets: $3,367,120
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Resident room & board
Revenue
$5,955,251
Day support activities
Revenue
$1,929,061
Day Care Revenue
Revenue
$325,133
Production/Vocational
Revenue
$119,429
Organization Details
Founding Year
1983
Phone
(701) 662-8681Principal Officer
Jeffry Jacobson
Main Address
224 3rd St NW, Devils Lake, ND, 58301
Website
www.lakeregioncorp.comNTEE Category
Code: B28 - Education
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