Overview
What is Lee Gardens Housing Corporation?
Lee Gardens Housing Corporation is a nonprofit organization based in Arlington, Virginia, specifically at 2230 North Fairfax Drive 100, VA 22201. Their mission is to facilitate the operation of decent, safe, and affordable housing for low-income individuals. Recently, they expanded their operations by acquiring a multifamily apartment complex with 108 units, named Kate's Trace Apartments, from an affiliate in Newport News, Virginia. This acquisition underlines Lee Gardens Housing Corporation's commitment to providing affordable housing opportunities.
Official website here: www.ahcinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74%, earning it a Two-Star out of Four Star rating.
Lee Gardens Housing Corporation received a Two-Star rating from Charity Navigator, indicating some concerns regarding its governance and accountability. While the organization has a high program expense ratio, demonstrating a strong commitment to its mission, it lacks independent board members, which raises questions about oversight and decision-making processes.
The nonprofit scored well in areas like audit and oversight, conflict of interest policies, and financial accountability, showing an adherence to practices that ensure the responsible use of funds. However, the absence of independent board oversight and missing financial statements on its website are notable limitations that could affect transparency and stakeholder trust.
Overall, while Lee Gardens Housing Corporation excels in program efficiency and has established necessary policies, its governance structure requires improvement to enhance its credibility and effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Lee Gardens Housing Corporation?
While Lee Gardens Housing Corporation has not yet received a formal rating, the four reviews available provide some insight into user opinions. One commenter emphasized the opportunity for the nonprofit to offer internships to individuals from other countries, suggesting that such initiatives could enhance skills in the field and contribute positively to their professional development.
The recommendation to improve business opportunities for interns indicates a desire for the organization to expand its programs and engage with diverse talent. Overall, the response reflects a constructive perspective aimed at fostering growth and collaboration within the community, showcasing a willingness to support the nonprofit's mission.
In summary, there appears to be a positive sentiment regarding the organization's potential to create impactful internship programs that could benefit individuals and enhance the services offered by Lee Gardens Housing Corporation.
This AI summary has been generated from reviews found on Facebook.
Is Lee Gardens Housing Corporation legitimate?
Lee Gardens Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lee Gardens Housing Corporation 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: $206,245
For more financial information, click here
Official website here: www.ahcinc.org
What is the mission statement of Lee Gardens Housing Corporation?
Lee Gardens Housing Corporation is committed to assisting in the provision of decent, safe, and affordable housing for individuals with low income. This is the organization's primary mission, aiming to make housing a viable option for those who may otherwise struggle to secure it. The corporation operates with the goal of improving living conditions and providing a sense of security for its residents. In April 2021, Lee Gardens Housing Corporation expanded its operations by acquiring a multifamily apartment complex from an affiliate, which now includes 108 units in Newport News, Virginia, operating under the name of Kate's Trace Apartments.
Official website here: www.ahcinc.org
Who is the CEO of Lee Gardens Housing Corporation?
Paul Bernard is the President of Lee Gardens Housing Corporation.
Official website here: www.ahcinc.org
What is the revenue of Lee Gardens Housing Corporation?
Lee Gardens Housing Corporation's revenue in 2022 was $2,872,714.
Official website here: www.ahcinc.org
Who are the executives of Lee Gardens Housing Corporation and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $224,463
- Other: $9,516
- Compensation: $0
- Related: $136,529
- Other: $7,164
- Compensation: $0
- Related: $258,482
- Other: $34,227
- Compensation: $0
- Related: $220,882
- Other: $180
- Compensation: $0
- Related: $275,734
- Other: $27,373
- Compensation: $0
- Related: $191,624
- Other: $30,003
- Compensation: $0
- Related: $206,692
- Other: $21,809
Official website here: www.ahcinc.org
Where can I find the form 990 for Lee Gardens Housing Corporation?
Lee Gardens Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ahcinc.org
Learn more at the official website: www.ahcinc.org
Mission Statement of Lee Gardens Housing Corporation
Lee Gardens Housing Corporation is committed to facilitating the operation of decent, safe, and affordable housing for low-income individuals. This nonprofit organization strives to make a significant impact in the lives of those who are financially disadvantaged, ensuring they have access to suitable living environments. In April 2021, Lee Gardens Housing Corporation expanded its operations by acquiring a multifamily apartment complex from an affiliate, Kate's Trace Limited Partnership. This newly acquired complex, known as Kate's Trace Apartments, consists of 108 units, further solidifying the corporation's mission to provide affordable housing solutions.
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Impact
July, 2024
Lee Gardens Housing Corporation's impact lies in its dedication to providing decent, safe, and affordable housing for low-income individuals. Through the acquisition and management of a multifamily apartment complex in Newport News, Virginia, known as Kate's Trace Apartments, the organization directly contributes to addressing the housing needs of vulnerable populations. By offering affordable housing options, Lee Gardens Housing Corporation plays a crucial role in promoting stability and improving the quality of life for low-income individuals and families in the community.
This information is meant to be a general summary of Lee Gardens Housing Corporation. 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: $433
- Program Service Revenue: $2,872,281
- Gross Receipts: $2,872,714
Assets and Liabilities:
- Total Assets: $40,000,237
- Total Liabilities: $23,700,281
- Net Assets: $16,299,956
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME
Revenue
$1,712,399
RENTAL INCOME
Revenue
$1,159,882
Organization Details
Founding Year
1987
Phone
(703) 486-0626Principal Officer
Paul Bernard
Main Address
2230 NORTH FAIRFAX DRIVE 100, ARLINGTON, VA, 22201
Website
www.ahcinc.orgNTEE Category
Code: L200 - Housing
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