Overview
What is Lakeside Plaza Inc?
Lakeside Plaza Inc is a nonprofit organization situated in McPherson, Kansas, specifically at 729 Kerschner Drive. Their primary mission is to offer affordable housing opportunities for qualified individuals, catering to both low and moderate income earners, as well as the elderly. The organization operates a Low Income Housing Complex, accommodating up to 100 units. With a staff of seven dedicated employees, Lakeside Plaza Inc is committed to making housing affordable and accessible to those in need.
Is Lakeside Plaza Inc legitimate?
Lakeside Plaza Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Lakeside Plaza 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: $63,008
Professional Fundraising Fees: $0
Other Salaries and Wages: $125,528
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What is the mission statement of Lakeside Plaza Inc?
Lakeside Plaza Inc's mission is centered around providing affordable housing solutions. Specifically, they aim to accommodate qualified individuals, encompassing both low and moderate income earners, as well as the elderly. Their primary project, a 100-unit complex, serves as a platform for offering apartments for rent to these qualified individuals. The organization's singular purpose is to contribute to making housing more accessible for this specific demographic.
What is the revenue of Lakeside Plaza Inc?
Lakeside Plaza Inc's revenue in 2024 was $560,793.
Who are the executives of Lakeside Plaza Inc and what are their salaries?
The average compensation at Lakeside Plaza Inc during 2024 was $26,934. There are 7 employees and 7 volunteers at Lakeside Plaza Inc.
Here are 6 key members and their salaries:
- Compensation: $63,008
- Related: $0
- Other: $1,890
- 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 Lakeside Plaza Inc?
Lakeside Plaza Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Lakeside Plaza Inc
Lakeside Plaza Inc, a nonprofit organization, is committed to providing affordable housing solutions for qualified individuals. This includes individuals with low and moderate incomes, as well as the elderly. The mission of Lakeside Plaza Inc is to create a living environment where these individuals can reside comfortably, without the financial burden of exorbitant housing costs. A significant part of their efforts is dedicated to managing a Low Income Housing Complex, which comprises 100 units. The project's singular purpose is to offer these apartments to eligible individuals, allowing them to rent a place they can call home. By providing affordable housing, Lakeside Plaza Inc contributes to the well-being and stability of its residents, enabling them to focus on other aspects of their lives.
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Impact
October, 2024
Lakeside Plaza Inc significantly impacts the McPherson community by addressing the critical need for affordable housing. By providing a 100-unit housing complex, it serves qualified individuals, including those with low and moderate incomes as well as the elderly. This initiative helps mitigate housing insecurity, enabling residents to access safe and stable living conditions.
The organization creates an inclusive environment where diverse community members can thrive, contributing to the overall wellbeing of the population in McPherson. By focusing on affordable rental options, Lakeside Plaza Inc empowers individuals and families to allocate resources towards other essential needs such as education, healthcare, and job stability. Ultimately, the presence of such housing options fosters community growth and supports local economic development.
This information is meant to be a general summary of Lakeside Plaza 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 2024.
- Investment Income: $892
- Program Service Revenue: $559,901
- Gross Receipts: $560,793
Assets and Liabilities:
- Total Assets: $1,401,142
- Total Liabilities: $115,171
- Net Assets: $1,285,971
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$556,490
TENANT CHARGES
Revenue
$3,411
Organization Details
Founding Year
1971
Principal Officer
Bonnie Hoffman
NTEE Category
Code: L20 - Housing
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