Overview
What is Lextran Real Properties Inc?
Lextran Real Properties Inc, based in Lexington, Kentucky, is a nonprofit organization established to support Lextran, primarily aiding in a new market tax transaction. Serving as the qualified active low-income community business (QALICB), Lextran Real Properties Inc owns the Lextran Headquarters New Markets Tax Credit Project. Their role is to assist Lextran in various capacities, contributing to the organization's overall growth and development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54% (One-Star out of Four Stars)
Lextran Real Properties Inc has received a One-Star rating from Charity Navigator, indicating significant shortcomings in its financial accountability and performance. While the organization excels in governance aspects, such as having a fully independent board and comprehensive conflict of interest and whistleblower policies, it scores poorly on financial metrics like the liabilities to assets ratio and program expense ratio.
Despite a perfect score for board independence and governance practices, the lack of program expenses raises concerns about its operational effectiveness and commitment to fulfilling its mission. This indicates that while Lextran Real Properties Inc adheres to some best practices in governance, it may not be effectively utilizing its resources for impactful programs.
Overall, while the organization demonstrates strong governance, the low financial performance score highlights critical areas that need improvement. Stakeholders may want to consider these factors when evaluating the organization's capacity to deliver on its charitable mission.
This AI summary has been generated from information found on Charity Navigator.
Is Lextran Real Properties Inc legitimate?
Lextran Real Properties Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lextran Real Properties 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: $0
For more financial information, click here
What is the mission statement of Lextran Real Properties Inc?
Lextran Real Properties Inc, functioning as a qualified active low-income community business (QALICB), is primarily responsible for overseeing the Lextran Headquarters New Markets Tax Credit Project. The company's mission, in essence, is to support Lextran in the context of the New Markets Tax Credit transaction, with the primary objective of benefitting the company as a whole. The organization is structured and operated with the explicit purpose of aiding in this tax credit initiative.
Who is the CEO of Lextran Real Properties Inc?
Unavailable
What is the revenue of Lextran Real Properties Inc?
Lextran Real Properties Inc's revenue in 2023 was $0.
Who are the executives of Lextran Real Properties Inc and what are their salaries?
There 4 volunteers at Lextran Real Properties Inc.
Here are 4 key members and their salaries:
- 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 Lextran Real Properties Inc?
Lextran Real Properties Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Lextran Real Properties Inc
Lextran Real Properties Inc, functioning as a Qualified Active Low Income Community Business (QALICB), is dedicated to supporting Lextran in its New Markets Tax Credit Project. This organization's primary mission is to aid Lextran in its financial ventures, specifically by overseeing the New Markets Tax Credit Project. By doing so, Lextran Real Properties Inc contributes to the overall success and growth of Lextran, working behind the scenes to facilitate their financial transactions. The organization's activities are exclusively geared towards benefiting Lextran, ensuring its prosperity and success in its respective field.
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Impact
October, 2024
Lextran Real Properties Inc. plays a significant role in supporting community development and economic growth in Lexington, Kentucky. As the qualified active low-income community business (QALICB) and owner of the Lextran Headquarters New Markets Tax Credit Project, the organization focuses on revitalizing underserved areas through strategic investments.
By facilitating access to New Markets Tax Credits, Lextran Real Properties Inc. attracts funding that enhances local infrastructure and services. This project not only contributes to the physical uplift of the community but also fosters job creation, stimulates economic activity, and provides essential resources to the residents of Lexington.
Furthermore, the organization serves as a catalyst for other community initiatives by demonstrating the potential of such projects to bring about positive change. Its commitment to serving the public benefit underscores the importance of accessible transportation solutions and the development of sustainable community spaces. Overall, Lextran Real Properties Inc. is instrumental in advancing Lexington's socioeconomic landscape, making it a key player in enhancing the quality of life for its residents.
This information is meant to be a general summary of Lextran Real Properties 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.
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2015
Phone
(859) 255-7756Main Address
200 W Loudon Ave, Lexington, KY, 40508
NTEE Category
Code: W40 - Public benefit
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