Overview
What is Lakeland Presbyterian Apartments Inc?
Lakeland Presbyterian Apartments Inc is a nonprofit organization located in Lakeland, Florida. With a focus on providing affordable housing for the elderly, the organization operates under regulations set by the U.S. Department of Housing and Urban Development (HUD). The 12-strong team is dedicated to offering low-rent housing options, ensuring that the elderly population in the area has access to safe and comfortable living spaces. The organization's mission is to make a positive impact on the community, providing much-needed support to the elderly.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
Lakeland Presbyterian Apartments Inc has received a solid Three-Star rating from Charity Navigator, indicating a satisfactory level of accountability and financial health. The organization scored 79% overall, showcasing strength in governance and compliance with best practices. Notably, it has 100% independent board members, which reflects a commitment to transparency and effective oversight.
The nonprofit demonstrates excellent financial management, with a program expense ratio of 100%, suggesting that all its expenses are directed towards its programs. Additionally, it has no material diversion of assets, highlighting the integrity of its financial practices. Their policies, including those for conflict of interest and whistleblower protection, are well-documented and fully rated.
While the ratings are commendable, potential donors might still want to look into the overall impact and outcomes of Lakeland Presbyterian Apartments Inc's programs to gauge the effectiveness of their initiatives. Overall, the organization shows a robust structure that supports its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Lakeland Presbyterian Apartments Inc legitimate?
Lakeland Presbyterian Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lakeland Presbyterian Apartments 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: $347,471
For more financial information, click here
What is the mission statement of Lakeland Presbyterian Apartments Inc?
Lakeland Presbyterian Apartments Inc is dedicated to providing affordable housing options for the elderly, adhering to regulations set by the HUD. Their primary mission is to ensure that elderly individuals have access to low-cost housing, thereby offering them a secure living environment. The organization operates under the guidelines set by the HUD, ensuring compliance and providing a suitable living situation for its elderly residents.
Who is the CEO of Lakeland Presbyterian Apartments Inc?
Jim Wilson is the President of Lakeland Presbyterian Apartments Inc.
What is the revenue of Lakeland Presbyterian Apartments Inc?
Lakeland Presbyterian Apartments Inc's revenue in 2022 was $1,497,271.
Who are the executives of Lakeland Presbyterian Apartments Inc and what are their salaries?
The average compensation at Lakeland Presbyterian Apartments Inc during 2022 was $28,956. There are 12 employees at Lakeland Presbyterian Apartments Inc.
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Where can I find the form 990 for Lakeland Presbyterian Apartments Inc?
Lakeland Presbyterian Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lakeland Presbyterian Apartments Inc
Lakeland Presbyterian Apartments Inc, as a nonprofit organization, is dedicated to providing affordable housing solutions for the elderly under the regulations set by the HUD. Their mission revolves around offering low-rent accommodations that adhere to government guidelines, ensuring a secure living environment for the elderly population. This housing is managed under HUD regulations, ensuring that the elderly residents have access to comfortable, affordable, and well-maintained apartments. The organization's focus on elderly individuals highlights its commitment to supporting this vulnerable group and ensuring they have a suitable living space to call home.
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Impact
July, 2024
Lakeland Presbyterian Apartments Inc provides low-rent government-assisted housing for the elderly under HUD regulations in Lakeland, Florida. Their impact is significant in providing affordable and safe housing options for elderly individuals in need. They contribute to the well-being and quality of life for this demographic by offering a supportive and secure living environment. By fulfilling this critical need, Lakeland Presbyterian Apartments Inc plays a crucial role in addressing housing challenges faced by the elderly population in the community.
This information is meant to be a general summary of Lakeland Presbyterian Apartments 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: $521
- Program Service Revenue: $1,391,402
- Gross Receipts: $1,497,271
Assets and Liabilities:
- Total Assets: $2,095,039
- Total Liabilities: $120,636
- Net Assets: $1,974,403
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,391,402
Organization Details
Phone
(863) 688-4608Principal Officer
Jim Wilson
Main Address
530 SO FLORIDA STREET, LAKELAND, FL, 33801
NTEE Category
Code: L210 - Housing
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