Overview
What is Largo Landing Elderly Developments Inc?
Largo Landing Elderly Developments Inc is a nonprofit organization based in Reston, Virginia, specifically at 11260 Roger Bacon Drive STE 20. Their primary mission is to provide affordable housing and essential services to elderly individuals with limited incomes and resources. Established in 1960, they have been successfully offering quality, independent living accommodations in Reston, Virginia, Woodbridge, Virginia, and Upper Marlboro, Maryland, catering to over 3,000 residents. Their flagship property, Largo Landing Fellowship House, opened in 1984, providing 106 units of independent living. The property includes communal areas for games, exercise, social events, and healthcare presentations. Situated off a main road, it offers a serene environment surrounded by a forest with trails and walking paths. The property operates under Section 223(F) of the National Housing Act and participates in the Section 8 Housing Assistance Payment Program, ensuring affordability for its residents. Regulated by the US Housing and Urban Development Agency, Largo Landing Elderly Developments Inc maintains stringent rent charges and operating methods, ensuring a comfortable living experience for its elderly residents. With a team of 8 dedicated employees, the organization stands committed to providing affordable housing and services to older adults.
Official website here: www.fellowshipsquare.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Stars)
Largo Landing Elderly Developments Inc has received a three-star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization has excelled in various operational aspects, such as maintaining a fully independent board and implementing comprehensive policies for oversight, conflict of interest, and whistleblower protections. These factors contribute positively to their overall financial health and governance practices.
The charity's program expense ratio is commendable at 89.29%, suggesting that a significant portion of its funds is directed toward its programs, aligning with the organization's mission. It also boasts a strong accountability framework, with no reported material diversion of assets. However, the liabilities to assets ratio stands at 67.58%, which may raise some concerns regarding its financial leverage and sustainability.
Overall, while Largo Landing Elderly Developments Inc displays notable strengths in governance and program expenditure, potential donors and stakeholders might want to consider the organization's financial liabilities as a factor in their evaluation. The high accountability score reflects a commitment to transparency and responsible financial management, making it a relatively trustworthy option for supporting elderly development initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Largo Landing Elderly Developments Inc legitimate?
Largo Landing Elderly Developments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Largo Landing Elderly Developments 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: $351,456
For more financial information, click here
Official website here: www.fellowshipsquare.org
What is the mission statement of Largo Landing Elderly Developments Inc?
Largo Landing Elderly Developments Inc's mission is focused on providing affordable housing and essential services for elderly individuals with limited income and those who are physically disabled. The organization operates with the goal of providing a comfortable living environment for these individuals, offering more than 3,000 units of independent living across various locations since 1960. Largo Landing Fellowship House, one of their properties, opened in 1984, featuring 106 units accompanied by common spaces for activities, games, exercise, social events, and healthcare presentations. The property is strategically located off a main road, surrounded by a forest with trails and a walking path for the residents' enjoyment. Largo Landing Elderly Developments Inc operates under Section 223(F) of the National Housing Act and participates in the Section 8 Housing Assistance Payment Program, ensuring affordable rent for its residents, while being regulated by the U.S. Housing and Urban Development Agency.
Official website here: www.fellowshipsquare.org
Who is the CEO of Largo Landing Elderly Developments Inc?
Dr Shontay Kincaid is the President of Largo Landing Elderly Developments Inc. The CEO's salary of Largo Landing Elderly Developments Inc is $0 and their total compensation is $187,965.
Official website here: www.fellowshipsquare.org
What is the revenue of Largo Landing Elderly Developments Inc?
Largo Landing Elderly Developments Inc's revenue in 2022 was $2,235,033.
Official website here: www.fellowshipsquare.org
Who are the executives of Largo Landing Elderly Developments Inc and what are their salaries?
The average compensation at Largo Landing Elderly Developments Inc during 2022 was $43,932. There are 8 employees and 33 volunteers at Largo Landing Elderly Developments Inc.
Here are 8 key members and their salaries (Largo Landing Elderly Developments Inc's CEO's salary is $0 and their total compensation is $187,965):
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- Other: $0
- Compensation: $0
- Related: $166,540
- Other: $21,425
Official website here: www.fellowshipsquare.org
Where can I find the form 990 for Largo Landing Elderly Developments Inc?
Largo Landing Elderly Developments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fellowshipsquare.org
Learn more at the official website: www.fellowshipsquare.org
Mission Statement of Largo Landing Elderly Developments Inc
Largo Landing Elderly Developments Inc is committed to providing affordable housing and essential services for senior citizens and individuals with disabilities who are financially challenged. Established in 1960, this organization has been instrumental in offering quality, independent apartment living to over 3,000 residents in Reston, Woodbridge, Virginia, and Upper Marlboro, Maryland. One of their notable facilities, Largo Landing Fellowship House, opened in 1984, providing 106 independent living units along with communal spaces for various activities, games, exercise, social events, and healthcare presentations.
Located off a main road, Largo Landing Fellowship House boasts a serene setting surrounded by a forest, complete with trails and a walking path for the residents' enjoyment. Operating under Section 223(F) of the National Housing Act, the property is regulated by the U.S. Housing and Urban Development Agency and participates in the Section 8 Housing Assistance Payment Program. This ensures that rent charges and operating methods adhere to strict standards, providing affordable and secure living arrangements for its residents.
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Impact
July, 2024
Largo Landing Elderly Developments Inc, operating under the name Fellowship Square, has made a significant impact by providing affordable housing and services to low-income seniors and those who are physically disabled. Since 1960, Fellowship Square Foundation has been offering quality, independent apartment living to more than 3,000 residents in Reston, Woodbridge, and Upper Marlboro, Virginia.
Specifically, Largo Landing Fellowship House, which opened in 1984, offers 106 units of independent living along with common spaces for various activities, social events, and healthcare presentations. The property's serene location surrounded by a forest with trails and walking paths provides a peaceful and supportive environment for its residents. By operating under Section 223(f) of the National Housing Act and participating in the Section 8 Housing Assistance Payment Program, Fellowship Square ensures that its residents have access to affordable housing while maintaining regulatory standards set by the US Department of Housing and Urban Development.
In summary, Largo Landing Elderly Developments Inc's impact is evident in the provision of essential housing and services that enhance the quality of life for older adults with limited incomes and resources.
This information is meant to be a general summary of Largo Landing Elderly Developments 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: $690
- Program Service Revenue: $2,058,165
- Gross Receipts: $2,235,033
Assets and Liabilities:
- Total Assets: $5,570,892
- Total Liabilities: $3,709,217
- Net Assets: $1,861,675
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,058,165
Organization Details
Founding Year
1984
Phone
(301) 249-2100Principal Officer
Dr Shontay Kincaid
Main Address
11260 ROGER BACON DRIVE STE 20, RESTON, VA, 20190
Website
www.fellowshipsquare.orgNTEE Category
Code: L22Z - Housing
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