Overview
What is Lakewood Housing Inc?
Lakewood Housing Inc is a nonprofit organization situated in Dunn, North Carolina, dedicated to providing reduced rent housing for elderly and handicapped individuals. This facility offers specialized services tailored to meet the physical, social, and psychological needs of its residents, aiming to enhance their health, security, happiness, and overall usefulness in their later years. The organization houses 23 units, specifically designed and equipped for this purpose.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Lakewood Housing Inc has received a solid Three-Star rating from Charity Navigator, reflecting a score of 79%. This rating indicates that the organization demonstrates strong accountability and transparency in its operations. The charity boasts a fully independent board, with 100% of its board members being independent, which enhances its governance and decision-making processes.
The organization scores particularly well in key areas such as material diversion of assets, which is rated at zero incidents, and it has comprehensive policies in place, including conflict of interest, whistleblower, and document retention policies. These attributes suggest a commitment to ethical practices and responsible management of funds. Additionally, the program expense ratio of 75.26% indicates that a significant portion of its budget is dedicated to programs rather than administrative costs.
However, while the overall financial health appears solid, the rating suggests there may be areas for improvement to enhance its impact and efficiency further. Stakeholders and potential donors may want to examine specific programs and outcomes to fully assess the charity's effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Lakewood Housing Inc legitimate?
Lakewood Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lakewood Housing 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: $23,316
For more financial information, click here
What is the mission statement of Lakewood Housing Inc?
Lakewood Housing Inc. is committed to providing reduced rent housing and specialized services to cater to the physical, social, and psychological needs of elderly and handicapped individuals. The organization's mission is to enhance their health, security, happiness, and overall usefulness in living longer. The facilities, including 23 units specifically designed for this purpose, aim to promote well-being and improve the quality of life for these individuals.
Who is the CEO of Lakewood Housing Inc?
Don G Wellons is the President/Director of Lakewood Housing Inc.
What is the revenue of Lakewood Housing Inc?
Lakewood Housing Inc's revenue in 2022 was $160,929.
Who are the executives of Lakewood Housing Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Lakewood Housing Inc?
Lakewood Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lakewood Housing Inc
Lakewood Housing Inc is a nonprofit organization dedicated to providing reduced rent housing and specialized services for elderly and handicapped individuals. Their mission is to promote the health, security, happiness, and usefulness of these individuals in their later years, enabling them to live with dignity and independence. The organization offers 23 units specifically designed to cater to their physical, social, and psychological needs, ensuring a supportive and nurturing environment. By providing these services, Lakewood Housing Inc strives to enhance the quality of life for its residents, fostering a sense of community and well-being.
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Impact
October, 2024
Lakewood Housing Inc has a significant impact on the lives of elderly and handicapped individuals in Dunn, NC, by providing reduced rent housing and specialized services tailored to their unique needs. By offering 23 dedicated units, Lakewood Housing creates an environment that promotes health, security, and happiness, allowing residents to live independently and with dignity.
The specialized services provided not only address the physical needs of residents but also support their social and psychological well-being, fostering a sense of community and belonging. This holistic approach enhances the overall quality of life for seniors and handicapped individuals, empowering them to lead fulfilling lives. By focusing on long-term living, Lakewood Housing contributes to the sustainability of the community and reduces the stress often associated with housing insecurity among vulnerable populations.
This information is meant to be a general summary of Lakewood Housing 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: $110
- Program Service Revenue: $160,819
- Gross Receipts: $160,929
Assets and Liabilities:
- Total Assets: $919,359
- Total Liabilities: $1,479,237
- Net Assets: -$559,878
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rent - Tenants
Revenue
$58,726
HUD Rental Assistance
Revenue
$99,079
Related Service Income
Revenue
$3,014
Organization Details
Founding Year
1999
Phone
(910) 892-0436Principal Officer
Don G Wellons
Main Address
PO Box 1254, Dunn, NC, 28335
NTEE Category
Code: L20 - Housing
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