Overview
What is Lake Agassiz Housing Corporation?
Lake Agassiz Housing Corporation is a nonprofit organization situated in Fargo, North Dakota, with a specific focus on addressing housing needs in its service area, which primarily includes Cass, Ransom, Ritchland, Sargent, Steele, and Traill counties. Their mission involves the planning and development of senior congregate living facilities and addressing other housing requirements, ultimately contributing to community development and sustaining economic vitality. The organization works diligently to maintain the economic health of the region by catering to its senior residents' housing needs.
Official website here: www.lakeagassiz.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star Rating
Lake Agassiz Housing Corporation has received an 81% rating from Charity Navigator, indicating a strong performance in Accountability & Finance. The rating reflects a focus on governance and financial transparency, as evidenced by perfect scores in several critical areas, including an independent board and comprehensive oversight mechanisms.
The organization boasts 100% independent board members and has a well-structured audit and oversight committee. Additionally, it has implemented policies for conflict of interest and whistleblowing, which enhance its accountability framework. The program expense ratio stands at an impressive 100%, demonstrating that all funds are directed towards its programs.
However, the organization's liabilities to assets ratio is relatively low at 96.26%, which has been a noted limitation in its financial assessment. This suggests a potential concern regarding the sustainability and financial health of the organization in the long term. Overall, Lake Agassiz Housing Corporation shows strong governance practices but may need to address its financial ratios for improved stability.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Agassiz Housing Corporation legitimate?
Lake Agassiz Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Agassiz Housing 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.lakeagassiz.com
What is the mission statement of Lake Agassiz Housing Corporation?
Lake Agassiz Housing Corporation's mission is centered around promoting community development. They achieve this by focusing on the development of senior congregate living facilities and addressing various housing needs. This endeavor is aimed at preserving economic vitality within their primary service area, which includes North Dakota counties of Cass, Ransom, Richland, Sargent, Steele, and Traill. The corporation's activities primarily involve planning and developing senior congregate living facilities and catering to other housing requirements.
Official website here: www.lakeagassiz.com
What is the revenue of Lake Agassiz Housing Corporation?
Lake Agassiz Housing Corporation's revenue in 2023 was $538,782.
Official website here: www.lakeagassiz.com
Who are the executives of Lake Agassiz Housing Corporation and what are their salaries?
Here are 6 key members and their salaries:
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- Related: $84,564
- Other: $15,259
- Compensation: $0
- Related: $41,388
- Other: $5,544
Official website here: www.lakeagassiz.com
Where can I find the form 990 for Lake Agassiz Housing Corporation?
Lake Agassiz Housing Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lakeagassiz.com
Learn more at the official website: www.lakeagassiz.com
Mission Statement of Lake Agassiz Housing Corporation
Lake Agassiz Housing Corporation, a non-profit organization, is dedicated to promoting community development by addressing housing needs in its primary service area, which includes North Dakota's Cass, Ransom, Richland, Sargent, Steele, and Traill counties. Their mission is to maintain economic vitality by developing senior congregate living facilities and meeting other housing demands. Through their planning and development efforts, Lake Agassiz Housing Corporation aims to improve the living conditions and quality of life for the community, providing suitable housing solutions for its residents.
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Impact
July, 2024
Lake Agassiz Housing Corporation's impact is significant in promoting community development by developing senior congregate living facilities and addressing other housing needs to maintain economic vitality in the service area. Their focus on planning and developing senior congregate living facilities and other housing options contributes to meeting the housing needs of the communities they serve. Their work directly impacts the North Dakota counties of Cass, Ransom, Richland, Sargent, Steele, and Traill, ensuring that residents have access to appropriate housing options. Through their efforts, Lake Agassiz Housing Corporation plays a crucial role in enhancing the quality of life for seniors and other individuals in need of housing in the region.
This information is meant to be a general summary of Lake Agassiz Housing 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 2023.
- Investment Income: $1,016
- Program Service Revenue: $535,335
- Gross Receipts: $538,782
Assets and Liabilities:
- Total Assets: $2,756,850
- Total Liabilities: $2,671,143
- Net Assets: $85,707
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$535,335
Organization Details
Founding Year
2000
Principal Officer
Donald Litch
Website
www.lakeagassiz.comNTEE Category
Code: L220 - Housing
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