Overview
What is Lebanon Senior Housing Inc?
Lebanon Senior Housing Inc, based in Atlanta, Georgia, is a nonprofit organization committed to providing homes for low-income elderly individuals. They operate a rental housing property in accordance with the Department of Housing and Urban Development's guidelines, adhering to Section 202 of the National Housing Act. The organization's mission revolves around owning and managing this property, offering a safe and suitable living environment for the elderly population in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star Rating
Lebanon Senior Housing Inc has achieved a Three-Star rating from Charity Navigator, indicating a score of 79% based primarily on its accountability and finance metrics. This rating suggests that the organization demonstrates a solid level of transparency and financial health, reflecting the strength of its governance and financial management practices.
The nonprofit excels in several areas, such as having a fully independent board, a comprehensive audit and oversight committee, and robust policies for conflict of interest and whistleblower protection. Additionally, the organization boasts a high program expense ratio of 89.54%, indicating that a significant portion of its funds is directed towards its programs and services, which is a positive sign for its operational efficiency.
However, the organization faces a critical concern with its liabilities to assets ratio, which stands at 146.00%. This figure suggests that the organization has more liabilities than assets, potentially raising questions about its financial sustainability and risk management. Overall, while Lebanon Senior Housing Inc shows strong governance and a commitment to its mission, addressing financial liabilities is essential for long-term stability.
This AI summary has been generated from information found on Charity Navigator.
Is Lebanon Senior Housing Inc legitimate?
Lebanon Senior Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lebanon Senior 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: $99,133
For more financial information, click here
What is the mission statement of Lebanon Senior Housing Inc?
Lebanon Senior Housing Inc's mission is centered around providing housing solutions. Specifically, they aim to own and manage a rental property for low-income elderly individuals, adhering to Section 202 of the National Housing Act. In practice, this involves operating an apartment complex, ensuring it meets the necessary standards set by the Department of Housing and Urban Development. The organization's primary goal is to provide a living space for the elderly, who often have limited income, promoting their well-being and independence.
Who is the CEO of Lebanon Senior Housing Inc?
Gerald Eickhoff is the President of Lebanon Senior Housing Inc.
What is the revenue of Lebanon Senior Housing Inc?
Lebanon Senior Housing Inc's revenue in 2022 was $559,408.
Who are the executives of Lebanon Senior Housing Inc and what are their salaries?
There 7 volunteers at Lebanon Senior Housing Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Lebanon Senior Housing Inc?
Lebanon Senior Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lebanon Senior Housing Inc
Lebanon Senior Housing Inc, as a nonprofit organization, is dedicated to owning and operating a rental housing property specifically for low-income elderly individuals. This mission is in line with Section 202 of the National Housing Act. The organization's primary goal is to provide a suitable living space for this demographic, ensuring they have access to affordable housing. By managing an apartment complex that adheres to the Department of Housing and Urban Development's requirements, Lebanon Senior Housing Inc aims to contribute positively to the lives of its elderly residents, fostering a sense of security and community within its walls.
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Impact
July, 2024
Lebanon Senior Housing Inc's impact is crucial in providing affordable housing for low-income elderly persons in Atlanta, Georgia. By owning and operating a rental housing property under Section 202 of the National Housing Act, this organization helps ensure that elderly individuals have a safe and comfortable place to live. Their focus on the operation and maintenance of an apartment complex in accordance with the Department of Housing and Urban Development's requirements directly addresses the housing needs of this vulnerable population. Lebanon Senior Housing Inc's commitment to serving the elderly community through affordable housing demonstrates their dedication to improving the quality of life for seniors in need.
This information is meant to be a general summary of Lebanon Senior 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: $1,742
- Program Service Revenue: $554,885
- Gross Receipts: $559,408
Assets and Liabilities:
- Total Assets: $505,069
- Total Liabilities: $737,417
- Net Assets: -$232,348
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HUD SUBSIDY RENTAL INC
Revenue
$368,900
RENTAL AND OTHER INCOM
Revenue
$185,985
Organization Details
Founding Year
1981
Phone
(770) 496-0598Principal Officer
Gerald Eickhoff
Main Address
PO BOX 450049, ATLANTA, GA, 31145
NTEE Category
Code: L22 - Housing
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