Overview
What is Laurel Quality Of Life Inc C/O Laurel Park?
Laurel Quality of Life Inc C/O Laurel Park is a nonprofit organization situated in Laurel, Maryland, specifically at ROUTE 198 RACETRACK ROAD. Their primary mission is to offer affordable housing opportunities for individuals with modest and low incomes, within and around the Laurel Racetrack area. The organization's activities are centered around providing affordable housing, aiming to contribute positively to the community by making housing more accessible for those in need.
Is Laurel Quality Of Life Inc C/O Laurel Park legitimate?
Laurel Quality Of Life Inc C/O Laurel Park is a legitimate nonprofit organization registered as a 501(c)(3) entity. Laurel Quality Of Life Inc C/O Laurel Park 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 Laurel Quality Of Life Inc C/O Laurel Park?
Laurel Quality of Life Inc, as stated in its mission, is committed to providing affordable housing options for individuals with moderate and low income levels. The organization's primary goal is to make housing accessible in the vicinity of the Laurel racetrack. It achieves this by offering affordable housing opportunities, thereby contributing to the overall well-being of the community. The organization's activities are focused on catering to the housing needs of those who might otherwise face housing challenges due to their income levels.
What is the revenue of Laurel Quality Of Life Inc C/O Laurel Park?
Laurel Quality Of Life Inc C/O Laurel Park's revenue in 2023 was $85,268.
Who are the executives of Laurel Quality Of Life Inc C/O Laurel Park and what are their salaries?
Here are 3 key members and their salaries:
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- Other: $0
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- Other: $0
Where can I find the form 990 for Laurel Quality Of Life Inc C/O Laurel Park?
Laurel Quality Of Life Inc C/O Laurel Park's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Laurel Quality Of Life Inc C/O Laurel Park
Laurel Quality of Life Inc, in its mission, aims to provide affordable housing options for individuals with low and moderate incomes within the vicinity of the Laurel Racetrack. The organization's primary goal is to make housing accessible and affordable for these income groups, thereby contributing to their overall well-being and stability. By offering affordable housing opportunities, Laurel Quality of Life Inc seeks to create a community where individuals can reside comfortably, regardless of their financial circumstances. This mission is a crucial step towards promoting social equality and ensuring that everyone has access to basic necessities, such as a place to call home.
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Impact
October, 2024
Laurel Quality Of Life Inc C/O Laurel Park plays a crucial role in enhancing community welfare by providing affordable housing options for low and moderate-income individuals in and around the Laurel Racetrack area. By facilitating access to stable and affordable living arrangements, the organization significantly contributes to the overall quality of life for residents, enabling them to thrive in safe and supportive environments.
This initiative addresses the critical need for affordable housing, which is essential for fostering economic stability and community development. By ensuring that individuals and families can secure a home without facing financial strain, the organization helps to reduce homelessness and housing insecurity. This, in turn, supports not just the residents themselves, but also the broader community by promoting economic diversity and inclusivity.
Moreover, the impact of Laurel Quality Of Life Inc extends beyond mere housing; it contributes to building a sense of community and belonging among residents. As people settle into affordable homes, they are more likely to become engaged in local activities and support networks, further enriching the social fabric of the area. In summary, their efforts not only address immediate housing needs but also pave the way for sustainable community growth and improved quality of life for many individuals in Laurel.
This information is meant to be a general summary of Laurel Quality Of Life Inc C/O Laurel Park. 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.
- Investment Income: $3,397
- Program Service Revenue: $81,871
- Gross Receipts: $85,268
Assets and Liabilities:
- Total Assets: $1,379,906
- Total Liabilities: $1,076,948
- Net Assets: $302,958
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTALS
Revenue
$81,871
Organization Details
Founding Year
1992
Principal Officer
Douglas Illig
NTEE Category
Code: L99Z - Housing
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