Overview
What is Lakeview Presbyterian Homes Inc?
Lakeview Presbyterian Homes Inc, located in Lakeland, Florida, is a nonprofit organization dedicated to providing affordable housing solutions for the elderly. Operating under HUD regulations, they offer low-rent government-assisted housing, ensuring accessibility and affordability for their elderly residents. With a team of 15 dedicated individuals, they strive to create a supportive community where seniors can live comfortably and with peace of mind. The organization's mission is centered around meeting the housing needs of the elderly, providing them with a secure living environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Lakeview Presbyterian Homes Inc has received a 79% rating from Charity Navigator, which indicates a solid level of accountability and financial health. The organization has achieved high marks in several key areas, including a fully independent board and a strong program expense ratio of 100%, demonstrating that all expenditures are directed toward its charitable mission.
The charity exhibits impressive governance practices, with a complete set of policies in place, such as conflict of interest and whistleblower policies. Additionally, the absence of any material diversion of assets highlights its commitment to ethical financial management. The organization’s transparency is further supported by the availability of board meeting minutes, ensuring that stakeholders can track its decision-making processes.
However, while the overall score is favorable, there may be areas for improvement to elevate its standing further. As a three-star rated organization, it is important for Lakeview Presbyterian Homes Inc to continue focusing on enhancing its operational effectiveness and possibly increasing engagement with the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Lakeview Presbyterian Homes Inc legitimate?
Lakeview Presbyterian Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lakeview Presbyterian Homes 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: $322,436
For more financial information, click here
What is the mission statement of Lakeview Presbyterian Homes Inc?
Lakeview Presbyterian Homes Inc is committed to providing low-rent housing solutions for the elderly, adhering to regulations set by the U.S. Department of Housing and Urban Development (HUD). This organization's mission is centered around providing affordable housing options, ensuring that the elderly population has access to suitable living arrangements. By following HUD regulations, Lakeview Presbyterian Homes Inc aims to contribute positively to the well-being and living standards of its elderly residents.
What is the revenue of Lakeview Presbyterian Homes Inc?
Lakeview Presbyterian Homes Inc's revenue in 2024 was $1,233,562.
Who are the executives of Lakeview Presbyterian Homes Inc and what are their salaries?
The average compensation at Lakeview Presbyterian Homes Inc during 2024 was $35,826. There are 9 employees at Lakeview Presbyterian Homes Inc.
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Where can I find the form 990 for Lakeview Presbyterian Homes Inc?
Lakeview Presbyterian Homes Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Lakeview Presbyterian Homes Inc
Lakeview Presbyterian Homes Inc is dedicated to providing affordable housing for the elderly, operating under the regulations set by the U.S. Department of Housing and Urban Development (HUD). This nonprofit organization's mission is centered around offering low-rent dwellings to senior citizens, ensuring they can maintain a comfortable living situation without facing financial strain. By adhering to HUD regulations, Lakeview Presbyterian Homes Inc ensures that its services are accessible and beneficial to its intended demographic, contributing to the well-being of the elderly community.
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Impact
July, 2024
Lakeview Presbyterian Homes Inc provides low-rent government-assisted housing for the elderly under HUD regulations in Lakeland, Florida. Its impact is evident in the support and care it offers to elderly residents who may otherwise struggle to find affordable and suitable housing options. By providing a safe and comfortable living environment, Lakeview Presbyterian Homes Inc plays a crucial role in enhancing the quality of life for the elderly population in the community. Additionally, the organization contributes to addressing the housing needs of seniors, ensuring they have access to housing that meets their unique requirements.
This information is meant to be a general summary of Lakeview Presbyterian Homes 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 2024.
- Investment Income: $4,841
- Program Service Revenue: $1,220,186
- Gross Receipts: $1,233,562
Assets and Liabilities:
- Total Assets: $2,295,105
- Total Liabilities: $3,148,527
- Net Assets: -$853,422
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,220,186
Organization Details
Principal Officer
John Snapp
NTEE Category
Code: L22Z - Housing
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