Overview
What is Lynchburg Covenant Fellowship Incorporated?
Lynchburg Covenant Fellowship Incorporated is a compassionate nonprofit organization situated in Lynchburg, Virginia. Their primary mission is to offer secure and economical housing solutions to individuals who fall under the categories of low-income, mentally handicapped, and physically disabled. This dedicated organization serves a significant population, ranging from 100 to 200 individuals, ensuring they have a safe living environment. The organization's activities are centered around this mission, aiming to make a positive impact on the community.
Official website here: www.lcfhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Lynchburg Covenant Fellowship Incorporated has achieved a high rating of 94%, reflecting its strong accountability and finance practices. This score is based entirely on its accountability and finance metrics, indicating a solid overall performance in these areas. The organization demonstrates a commitment to transparency, with a fully independent board and comprehensive financial policies in place, which are integral to maintaining donor trust and effective governance.
The nonprofit excels in maintaining an independent board, with 100% of its members being independent. Additionally, it has a favorable liabilities to assets ratio of 4.04%, showcasing strong financial health. With a program expense ratio of 68.51%, the organization effectively allocates a substantial portion of its funds towards programmatic activities, further signifying its dedication to fulfilling its mission.
However, while the organization scores highly in several key areas, there is no detailed information available regarding its programmatic impact or community feedback. This lack of qualitative data may limit a full understanding of its effectiveness in achieving its stated goals. Overall, Lynchburg Covenant Fellowship demonstrates robust financial practices and governance, making it a reputable choice for donors.
This AI summary has been generated from information found on Charity Navigator.
Is Lynchburg Covenant Fellowship Incorporated legitimate?
Lynchburg Covenant Fellowship Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lynchburg Covenant Fellowship Incorporated 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: $122,818
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.lcfhousing.org
What is the mission statement of Lynchburg Covenant Fellowship Incorporated?
Lynchburg Covenant Fellowship is a nonprofit organization committed to providing safe and affordable housing for individuals who are financially disadvantaged, as well as those with mental or physical disabilities. The organization serves a population ranging from 100 to 200 individuals, making a significant impact in their lives. By offering affordable housing, Lynchburg Covenant Fellowship aims to contribute to the well-being and dignity of these individuals, ensuring they have a secure living environment. The organization's mission is centered around supporting those in need and promoting a sense of community and inclusivity.
Official website here: www.lcfhousing.org
Who is the CEO of Lynchburg Covenant Fellowship Incorporated?
Connie J Snavely is the Executive Director of Lynchburg Covenant Fellowship Incorporated.
Official website here: www.lcfhousing.org
What is the revenue of Lynchburg Covenant Fellowship Incorporated?
Lynchburg Covenant Fellowship Incorporated's revenue in 2022 was $780,453.
Official website here: www.lcfhousing.org
Who are the executives of Lynchburg Covenant Fellowship Incorporated and what are their salaries?
The average compensation at Lynchburg Covenant Fellowship Incorporated during 2022 was $10,235. There are 12 employees and 20 volunteers at Lynchburg Covenant Fellowship Incorporated.
Here are 19 key members and their salaries:
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Official website here: www.lcfhousing.org
Where can I find the form 990 for Lynchburg Covenant Fellowship Incorporated?
Lynchburg Covenant Fellowship Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lcfhousing.org
Learn more at the official website: www.lcfhousing.org
Mission Statement of Lynchburg Covenant Fellowship Incorporated
Lynchburg Covenant Fellowship, a nonprofit organization, is dedicated to providing safe and affordable housing for individuals who are financially disadvantaged and have mental or physical disabilities. With a mission to serve between 100 to 200 individuals, this nonprofit is committed to making a significant impact in the lives of those in need. By offering housing solutions, Lynchburg Covenant Fellowship strives to create an inclusive and supportive environment where individuals can live with dignity and independence. By providing this essential service, the organization aims to contribute to the well-being and overall quality of life of the community it serves.
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Impact
July, 2024
Lynchburg Covenant Fellowship Incorporated has a significant impact on the community by providing safe and affordable housing for low-income, mentally handicapped, and physically disabled individuals in Lynchburg, VA. By serving a range of 100 to 200 individuals, the organization plays a crucial role in addressing the housing needs of vulnerable populations in the city. Through its mission to offer secure and affordable homes, Lynchburg Covenant Fellowship positively impacts the lives of those it serves, contributing to their overall well-being and stability.
This information is meant to be a general summary of Lynchburg Covenant Fellowship Incorporated. 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: $164,497
- Program Service Revenue: $601,309
- Gross Receipts: $882,252
Assets and Liabilities:
- Total Assets: $5,933,388
- Total Liabilities: $239,712
- Net Assets: $5,693,676
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Low income housing rent
Revenue
$80,465
Expense reimbursements
Revenue
$344,044
Management fees
Revenue
$81,495
Developer fees
Revenue
$95,305
Organization Details
Founding Year
1960
Phone
(434) 847-9059Principal Officer
Connie J Snavely
Main Address
412 Madison Street, Lynchburg, VA, 24504
Website
www.lcfhousing.orgNTEE Category
Code: L20 - Housing
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