Overview
What is Lifetime Housing Development Corporation?
Lifetime Housing Development Corporation is a not-for-profit organization established in New York State, specifically in Monroe, Genesee, and Orleans Counties. Their primary mission is to provide quality, affordable housing for individuals with low and moderate incomes, with a special focus on those who have intellectual and developmental impairments and related disabilities. The corporation aims to function as the direct or indirect owner, developer, manager, or operator of low-income housing projects to ensure housing services are available for this specific population. The organization's goal is to enhance the living conditions and overall quality of life for these individuals within the specified counties.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 4 Stars (94%)
Lifetime Housing Development Corporation has achieved a remarkable score of 94%, which translates to a Four-Star out of Four Star rating, reflecting its strong performance in accountability and finance. This rating is based solely on its accountability metrics, indicating the organization’s commitment to transparency and ethical governance.
Strengths highlighted include an entirely independent board, which consists of six members, and a perfect score for no material diversion of assets. Additionally, the organization has established solid policies regarding conflict of interest, whistleblowing, and document retention, all of which contribute to its high accountability standards. The program expense ratio is also exemplary, with 100% of expenses going directly towards its programs.
While the overall financial health appears robust, the summary does not indicate any specific challenges or limitations faced by the organization. Nonetheless, a continued focus on maintaining high standards will be critical for sustaining its positive reputation and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Lifetime Housing Development Corporation legitimate?
Lifetime Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lifetime Housing Development 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
What is the mission statement of Lifetime Housing Development Corporation?
Lifetime Housing Development Corporation is committed to providing high-quality, affordable housing for individuals with low and moderate incomes, including those with intellectual and developmental impairments and related disabilities. Established in 2013, this organization operates under New York State's not-for-profit corporation law. Its primary objective is to serve as the direct or indirect owner, developer, manager, or operator of low-income housing projects, aiming to offer housing services for this specific demographic. The corporation's ultimate goal is to enhance the living conditions of individuals with these disabilities in Monroe, Genesee, and Orleans counties in New York.
Who is the CEO of Lifetime Housing Development Corporation?
Linda Anderson is the Chairman of Lifetime Housing Development Corporation. The CEO's salary of Lifetime Housing Development Corporation is $0 and their total compensation is $214,420.
What is the revenue of Lifetime Housing Development Corporation?
Lifetime Housing Development Corporation's revenue in 2022 was $3,619.
Who are the executives of Lifetime Housing Development Corporation and what are their salaries?
There 6 volunteers at Lifetime Housing Development Corporation.
Here are 9 key members and their salaries (Lifetime Housing Development Corporation's CEO's salary is $0 and their total compensation is $214,420):
- 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: $417,716
- Other: $27,462
- Compensation: $0
- Related: $224,864
- Other: $36,901
- Compensation: $0
- Related: $214,170
- Other: $250
Where can I find the form 990 for Lifetime Housing Development Corporation?
Lifetime Housing Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lifetime Housing Development Corporation
Lifetime Housing Development Corporation, established in 2013, is a not-for-profit organization with a mission to provide quality, affordable housing for individuals with low and moderate incomes, particularly those who have intellectual and developmental impairments and related disabilities. The corporation's purpose extends beyond just housing, as it aims to be the direct or indirect owner, developer, manager, or operator of low-income housing projects. By doing so, Lifetime Housing Development Corporation strives to offer housing services, catering to the specific needs of individuals with intellectual and developmental impairments in Monroe, Genesee, and Orleans Counties in New York. This commitment to affordable housing and inclusion exemplifies Lifetime Housing Development Corporation's dedication to enhancing the lives of its target demographic.
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Impact
August, 2024
Lifetime Housing Development Corporation's impact can be seen in the provision of quality affordable housing to low and moderate-income individuals in Monroe, Genesee, and Orleans counties in the state of New York. This includes individuals handicapped with intellectual and developmental impairments, as well as related disabilities. By focusing on offering housing services to those in need, Lifetime Housing Development Corporation plays a vital role in ensuring that vulnerable populations have access to safe and stable housing options. Their efforts contribute towards creating a more inclusive and supportive community for those facing housing challenges.
This information is meant to be a general summary of Lifetime Housing Development 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: $3,619
- Gross Receipts: $3,619
Assets and Liabilities:
- Total Assets: $943,723
- Total Liabilities: $0
- Net Assets: $943,723
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Organization Details
Founding Year
2013
Phone
(585) 426-4120Principal Officer
Linda Anderson
Main Address
425 PAUL ROAD, ROCHESTER, NY, 146244721
NTEE Category
Code: L20 - Housing
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