Overview
What is R-Lcoa Housing Development Corp Inc?
R-Lcoa Housing Development Corp Inc is a nonprofit organization committed to providing housing solutions for the elderly and individuals with disabilities. Based on the information provided, they offer suitable living accommodations for approximately 76 eligible individuals annually. The organization's primary mission is to cater to the needs of this specific population, ensuring they have a safe and comfortable living environment in 2022.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75%, Three-Star out of Four Stars
R-Lcoa Housing Development Corp Inc has received a Three-Star rating from Charity Navigator, reflecting a solid overall performance in the nonprofit sector. The rating is based entirely on the organization's Accountability & Finance score, which is also 75%. This score indicates a commitment to transparency and responsible financial management, essential for building trust with donors and stakeholders.
The organization demonstrates strong governance practices, with 100% of its board members being independent, contributing to effective oversight. Additionally, it has robust financial safeguards in place, such as an Audit and Oversight Committee, conflict of interest policies, and documented board meeting minutes. These factors collectively enhance the organization's credibility and operational integrity.
However, while the financial management appears strong, the overall rating shows room for improvement in other areas. The program expense ratio of 69.86% suggests that a significant portion of its expenditures is directed towards programs, which is beneficial, but the organization should continue to focus on maintaining and enhancing its impact in the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is R-Lcoa Housing Development Corp Inc legitimate?
R-Lcoa Housing Development Corp Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. R-Lcoa Housing Development Corp 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: $89,241
For more financial information, click here
What is the mission statement of R-Lcoa Housing Development Corp Inc?
R-Lcoa Housing Development Corp Inc is dedicated to serving the elderly population and individuals with disabilities by providing suitable housing accommodations. The corporation's mission, in essence, is to offer a safe and comfortable living environment for these individuals, as evident by the 76 eligible individuals who found shelter in their apartment complex in 2022. By offering housing solutions, the corporation aims to enhance the quality of life for its residents, ensuring they have a place to call home.
Who is the CEO of R-Lcoa Housing Development Corp Inc?
Harrison C Joseph is the Chair of R-Lcoa Housing Development Corp Inc.
What is the revenue of R-Lcoa Housing Development Corp Inc?
R-Lcoa Housing Development Corp Inc's revenue in 2022 was $660,209.
Who are the executives of R-Lcoa Housing Development Corp Inc and what are their salaries?
Here are 5 key members and their salaries:
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- Compensation: $0
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Where can I find the form 990 for R-Lcoa Housing Development Corp Inc?
R-Lcoa Housing Development Corp Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of R-Lcoa Housing Development Corp Inc
R-Lcoa Housing Development Corporation, a nonprofit organization, is dedicated to providing housing solutions for the elderly and individuals with disabilities. Its mission is to offer comfortable living spaces for this demographic, ensuring they have a safe and suitable place to call home. In 2022, the organization successfully accommodated around 76 eligible individuals, providing them with a roof over their heads and a sense of security. By catering to this specific population, R-Lcoa Housing Development Corporation plays a significant role in maintaining the well-being and independence of senior citizens and individuals with disabilities, allowing them to live with dignity and respect.
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Impact
July, 2024
R-Lcoa Housing Development Corp Inc's impact is significant in providing housing accommodations for the elderly population in Columbia, SC. The organization caters to seniors and individuals with disabilities by offering suitable shelter options. In 2022, the apartment complex provided housing for approximately 76 eligible individuals, demonstrating its commitment to addressing the housing needs of the elderly in the community.
This information is meant to be a general summary of R-Lcoa Housing Development Corp 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: $1,027
- Program Service Revenue: $195,590
- Gross Receipts: $660,209
Assets and Liabilities:
- Total Assets: $1,710,356
- Total Liabilities: $1,900,104
- Net Assets: -$189,748
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$195,590
Organization Details
Founding Year
1980
Phone
(803) 545-3767Principal Officer
Harrison C Joseph
Main Address
3905 ENSOR AVENUE SUITE 113, COLUMBIA, SC, 29203
NTEE Category
Code: L200 - Housing
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