Overview
What is Lafayette House Elderly Housing Inc?
Lafayette House Elderly Housing Inc., established in 1978, is a nonprofit organization based in Traverse City, Michigan. Its primary mission, as outlined by the National Housing Act, is to provide affordable housing for the elderly. This mission was made possible through funding from the U.S. Department of Housing and Urban Development (HUD) under Section 202 of the National Affordable Housing Act. The organization, which consists of 100 units, is regulated by HUD in terms of rental charges and operational methods. Its primary goal is to offer housing solutions that cater to the needs of the elderly population, ensuring they can live comfortably within their means.
Is Lafayette House Elderly Housing Inc legitimate?
Lafayette House Elderly Housing Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Lafayette House Elderly Housing 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
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What is the mission statement of Lafayette House Elderly Housing Inc?
Lafayette House Elderly Housing Inc, established in 1978, is committed to providing affordable housing for the elderly. This mission is aligned with Section 202 of the National Housing Act, as the organization was financed by the U.S. Department of Housing and Urban Development (HUD). The organization, which consists of 100 units, aims to meet the housing needs of the elderly community, regulated by HUD in terms of rental charges and operating methods.
Who is the CEO of Lafayette House Elderly Housing Inc?
John L Wagner is the President of Lafayette House Elderly Housing Inc.
What is the revenue of Lafayette House Elderly Housing Inc?
Lafayette House Elderly Housing Inc's revenue in 2022 was $1,015,378.
Who are the executives of Lafayette House Elderly Housing Inc and what are their salaries?
There 3 volunteers at Lafayette House Elderly Housing Inc.
Here are 3 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Lafayette House Elderly Housing Inc?
Lafayette House Elderly Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lafayette House Elderly Housing Inc
Lafayette House Elderly Housing Inc, established in 1978, is committed to providing affordable housing for the elderly in accordance with Section 202 of the National Housing Act. This mission is carried out by constructing and operating housing and related facilities specifically designed for the elderly. The organization is financially supported by the U.S. Department of Housing and Urban Development (HUD) and is regulated by HUD in terms of rent charges and operational methods. Lafayette House Elderly Housing Inc aims to offer a living space that is both affordable and suitable for the elderly, ensuring they can reside in a comfortable and secure environment.
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Impact
October, 2024
Lafayette House Elderly Housing Inc significantly enhances the quality of life for seniors by providing affordable housing solutions in Traverse City, MI. Established in 1978, it offers 100 well-maintained units specifically designed for the elderly, allowing residents to live independently while having access to essential support services.
By adhering to the standards set forth by the National Housing Act and being financed through the U.S. Department of Housing and Urban Development (HUD), Lafayette House guarantees that rental charges remain low and manageable for residents. This approach fosters a secure and supportive community, reducing the financial burden on seniors and enabling them to remain engaged and active in their lives.
The housing provided not only meets the physical needs of residents but also plays a crucial role in promoting social interaction among the elderly, combating isolation and loneliness. By ensuring stable, affordable housing, Lafayette House contributes significantly to the overall well-being and dignity of its residents, helping them maintain their independence while fostering a vibrant community atmosphere.
This information is meant to be a general summary of Lafayette House Elderly Housing 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 2022.
- Investment Income: $28
- Program Service Revenue: $259,208
- Gross Receipts: $1,015,378
Assets and Liabilities:
- Total Assets: $737,029
- Total Liabilities: $118,735
- Net Assets: $618,294
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$259,208
Organization Details
Founding Year
1978
Phone
(804) 862-1450Principal Officer
John L Wagner
Main Address
526 W 14TH STREET 187, TRAVERSE CITY, MI, 49684
NTEE Category
Code: L22 - Housing
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