Overview
What is Lakeview Housing Authority Inc?
Lakeview Housing Authority Inc, situated in Salisbury, Maryland, is a nonprofit organization dedicated to offering affordable housing solutions for elderly and handicapped individuals. The organization manages a 37-unit housing project, providing one and two-person apartments. To support low-income residents, Lakeview Housing Authority Inc receives assistance payments from HUD. Their mission is to provide a nurturing environment that caters to the unique needs of the elderly and handicapped, ensuring they can maintain their independence with dignity and comfort. The organization is staffed by a team of four dedicated individuals, working together to uphold their mission.
Is Lakeview Housing Authority Inc legitimate?
Lakeview Housing Authority Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lakeview Housing Authority 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: $27,600
Professional Fundraising Fees: $0
Other Salaries and Wages: $80,689
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What is the mission statement of Lakeview Housing Authority Inc?
Lakeview Housing Authority Inc's mission is centered around providing affordable housing solutions. Specifically, they focus on catering to the needs of the elderly and individuals with disabilities. Their mission is carried out through the maintenance of a 37-unit housing project, which offers one and two-person apartments. These apartments are intended for low-income residents, and Lakeview Housing Authority receives assistance payments from the HUD to make them more affordable. In essence, their mission is to ensure that elderly and handicapped individuals have access to suitable housing.
What is the revenue of Lakeview Housing Authority Inc?
Lakeview Housing Authority Inc's revenue in 2024 was $421,567.
Who are the executives of Lakeview Housing Authority Inc and what are their salaries?
The average compensation at Lakeview Housing Authority Inc during 2024 was $27,072. There are 4 employees at Lakeview Housing Authority Inc.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $27,600
- Related: $0
- Other: $0
Where can I find the form 990 for Lakeview Housing Authority Inc?
Lakeview Housing Authority Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Lakeview Housing Authority Inc
Lakeview Housing Authority, a nonprofit organization, is committed to providing affordable housing solutions for the elderly and handicapped community. Its mission is to ensure that these individuals have access to suitable living spaces. Through its operations, the authority maintains a 37-unit housing project designed specifically for one and two-person apartments. This project receives financial assistance from the HUD for low-income residents, demonstrating its dedication to making housing affordable for those who may require additional support. In essence, Lakeview Housing Authority strives to facilitate an inclusive and supportive living environment for the elderly and handicapped population.
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Impact
October, 2024
Lakeview Housing Authority Inc significantly contributes to the well-being of the elderly and handicapped community in Salisbury, MD, by providing affordable housing solutions. The organization manages a 37-unit housing project tailored to meet the needs of these vulnerable populations, ensuring they have access to safe and comfortable living spaces.
These one and two-person apartments are designed to foster independence while also offering a supportive environment. By receiving HUD assistance payments, Lakeview Housing Authority can offer low-income residents an opportunity to secure stable housing without the financial burden that often accompanies market-rate options. This impact is crucial in promoting dignity and quality of life for the elderly and handicapped residents, enabling them to live with greater autonomy and reduce the stress associated with housing insecurity. Overall, Lakeview Housing Authority plays an essential role in enhancing community resilience and supporting the needs of its most vulnerable members.
This information is meant to be a general summary of Lakeview Housing Authority 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: $42
- Program Service Revenue: $421,570
- Gross Receipts: $421,612
Assets and Liabilities:
- Total Assets: $855,153
- Total Liabilities: $965,219
- Net Assets: -$110,066
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$419,440
LAUNDRY AND OTHER TENA
Revenue
$2,130
Organization Details
Founding Year
1978
Principal Officer
Fabian White
NTEE Category
Code: L80Z - Housing
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