Overview
What is Lake Worth Towers Inc?
Lake Worth Towers Inc, situated in Lake Worth, Florida, is a dedicated nonprofit organization. Its primary focus is to provide affordable living accommodations for the elderly, catering to individuals with limited income. The organization runs an apartment complex, serving as a residential haven for this specific demographic. The mission of Lake Worth Towers Inc is to contribute positively to the lives of its elderly residents by offering them a secure and economical place to call home.
Official website here: www.lakeworthtowers.com
Is Lake Worth Towers Inc legitimate?
Lake Worth Towers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Worth Towers 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: $110,773
Professional Fundraising Fees: $0
Other Salaries and Wages: $52,340
For more financial information, click here
Official website here: www.lakeworthtowers.com
What is the mission statement of Lake Worth Towers Inc?
Lake Worth Towers Inc's mission is centered around providing affordable living accommodations for the elderly. This non-profit organization operates an apartment building, serving as a retirement home or senior housing program. The primary goal is to offer low-income housing options for this specific demographic, ensuring they have access to suitable living environments. This commitment to the elderly community aims to contribute positively to their well-being and overall quality of life.
Official website here: www.lakeworthtowers.com
Who is the CEO of Lake Worth Towers Inc?
Robert Spear is the Administrator of Lake Worth Towers Inc.
Official website here: www.lakeworthtowers.com
What is the revenue of Lake Worth Towers Inc?
Lake Worth Towers Inc's revenue in 2022 was $561,323.
Official website here: www.lakeworthtowers.com
Who are the executives of Lake Worth Towers Inc and what are their salaries?
The average compensation at Lake Worth Towers Inc during 2022 was $32,623. There are 5 employees at Lake Worth Towers Inc.
Here are 4 key members and their salaries:
- Compensation: $110,773
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.lakeworthtowers.com
Where can I find the form 990 for Lake Worth Towers Inc?
Lake Worth Towers Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lakeworthtowers.com
Learn more at the official website: www.lakeworthtowers.com
Mission Statement of Lake Worth Towers Inc
Lake Worth Towers Inc, as a nonprofit organization, is dedicated to providing affordable housing for the elderly. Situated in Lake Worth, this establishment operates an apartment building specifically designed for senior citizens with limited income. The mission of Lake Worth Towers Inc is to offer a safe and comfortable living environment for its elderly residents, ensuring they can maintain their independence and dignity while living within their financial means. By providing low-income housing, the organization aims to support the elderly population, easing their burden of high housing costs and enabling them to focus on their well-being and personal growth.
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Impact
July, 2024
Lake Worth Towers Inc's impact is providing low-income housing for the elderly in Lake Worth, FL. This enables elderly individuals with limited financial resources to have a safe and affordable place to live during their retirement years. By fulfilling their mission of operating an apartment building that caters to this demographic, Lake Worth Towers Inc contributes to enhancing the quality of life for senior citizens in the community.
This information is meant to be a general summary of Lake Worth Towers 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: $105
- Gross Receipts: $1,628,771
Assets and Liabilities:
- Total Assets: $1,304,981
- Total Liabilities: $1,031,061
- Net Assets: $273,920
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Organization Details
Founding Year
1965
Phone
(561) 585-7591Principal Officer
Robert Spear
Main Address
1500 Lucerne Avenue, Lake Worth, FL, 33461
Website
www.lakeworthtowers.comNTEE Category
Code: L22Z - Housing
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