Overview
What is Lakeview Apartments Ii Inc?
Lakeview Apartments II Inc, located in Paragould, Arkansas, operates as a nonprofit organization dedicated to providing affordable housing for elderly individuals. Situated at 612 E CANAL, this entity manages a low-income housing complex, ensuring that elderly residents have a secure living environment. With a small workforce of just two individuals, Lakeview Apartments II Inc is committed to making a difference in the lives of its elderly residents, contributing positively to their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating.
Lakeview Apartments Ii Inc has received a two-star rating from Charity Navigator, reflecting a moderate level of accountability and finance management based on a single beacon score. The organization has demonstrated positive governance with a fully independent board and no material diversion of assets, indicating strong oversight and integrity in their operations.
However, the rating also highlights significant shortcomings in transparency and compliance, including the absence of key policies such as a conflict of interest policy, whistleblower policy, and a document retention policy. Additionally, while the program expense ratio is commendable at 100%, the organization has not disclosed its tax form on its website, which could limit public trust and accountability.
Overall, while Lakeview Apartments Ii Inc shows strong financial management practices, the lack of essential policies and transparency measures raises concerns that could impact its reputation and effectiveness as a nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Lakeview Apartments Ii Inc legitimate?
Lakeview Apartments Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lakeview Apartments Ii 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: $11,079
For more financial information, click here
What is the mission statement of Lakeview Apartments Ii Inc?
Lakeview Apartments II Inc. is dedicated to providing low-income housing accommodations for the elderly community. This organization operates with the primary goal of providing a living space for elderly individuals who may have limited financial resources. Their mission can be summarized as aiming to enhance the living conditions and provide a supportive environment for this specific demographic. The entity does not engage in advocacy or research, nor does it offer additional services beyond the provision of housing, but its focus remains on the well-being and comfort of its elderly residents.
What is the revenue of Lakeview Apartments Ii Inc?
Lakeview Apartments Ii Inc's revenue in 2023 was $50,676.
Who are the executives of Lakeview Apartments Ii Inc and what are their salaries?
The average compensation at Lakeview Apartments Ii Inc during 2023 was $5,540. There are 2 employees at Lakeview Apartments Ii Inc.
Here are 10 key members and their salaries:
- Compensation: $3,949
- Related: $0
- Other: $0
- Compensation: $3,230
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Lakeview Apartments Ii Inc?
Lakeview Apartments Ii Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Lakeview Apartments Ii Inc
Lakeview Apartments II Inc is dedicated to serving the elderly community by operating a low-income housing complex. This nonprofit organization provides a residence for elderly individuals, offering them a secure and comfortable living environment. The mission of Lakeview Apartments II Inc is to contribute positively to the lives of elderly individuals by offering them affordable housing options. The organization's name, Lakeview Apartments II, symbolizes its commitment to providing high-quality apartments and a serene living environment for its elderly residents.
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Impact
August, 2024
Lakeview Apartments II Inc's impact is providing affordable housing for elderly individuals in Paragould, Arkansas. By operating a low-income housing complex specifically designed for seniors, Lakeview Apartments II Inc helps ensure that a vulnerable population has access to safe and comfortable living arrangements. This contributes positively to the community by supporting elderly individuals who may have limited financial resources and need affordable housing options.
This information is meant to be a general summary of Lakeview Apartments Ii 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 2023.
- Investment Income: $385
- Program Service Revenue: $31,626
- Gross Receipts: $50,676
Assets and Liabilities:
- Total Assets: $1,160,361
- Total Liabilities: $4,625
- Net Assets: $1,155,736
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTAL INCOME
Revenue
$31,141
OTHER TENANT CHARGES
Revenue
$485
Organization Details
Founding Year
2015
Principal Officer
David Lange
NTEE Category
Code: L21 - Housing
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