Overview
What is Life Concepts Group Home I Inc?
Life Concepts Group Home I Inc is a nonprofit organization situated in Orlando, Florida, specifically at 1509 E Colonial Drive 32803. Their primary mission is to provide housing and training for individuals who have developmental disabilities. The organization is subsidized by the Department of Housing and Urban Development (HUD), allowing them to offer housing to twelve individuals in need. Their apartment building serves as a safe and supportive environment, aiming to enhance the lives of those with developmental disabilities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Life Concepts Group Home I Inc holds a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The rating, derived entirely from their Accountability & Finance score, indicates a focus on transparency and responsible management of resources. This organization has achieved a score of 79, showing a commitment to maintaining high standards in financial practices.
One of the notable strengths of Life Concepts Group Home I Inc is its governance structure, with 100% of its board members being independent. The board consists of 17 members, which enhances the organization's oversight capabilities. Additionally, they have robust policies in place, such as a conflict of interest policy, a whistleblower policy, and a documented process for retention and destruction of records, all of which contribute to effective governance.
While the organization demonstrates strong financial management, it's important for potential donors and stakeholders to consider that the rating is solely based on financial metrics. There may be additional qualitative factors that are not captured in this rating, which could provide a fuller picture of the organization's overall impact and effectiveness in its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Life Concepts Group Home I Inc legitimate?
Life Concepts Group Home I Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Life Concepts Group Home I 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
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Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Life Concepts Group Home I Inc?
Life Concepts Group Home I Inc's mission is centered around providing supportive housing and training for individuals who are developmentally disabled. The organization operates an apartment building, serving as a residence for twelve such individuals, with subsidies from the Department of Housing and Urban Development (HUD). The primary aim is to empower these individuals by offering a living environment that fosters personal growth and development through comprehensive training programs.
Who is the CEO of Life Concepts Group Home I Inc?
John Gill is the CEO of Life Concepts Group Home I Inc The CEO's salary of Life Concepts Group Home I Inc is $0 and their total compensation is $303,298.
What is the revenue of Life Concepts Group Home I Inc?
Life Concepts Group Home I Inc's revenue in 2023 was $103,881.
Who are the executives of Life Concepts Group Home I Inc and what are their salaries?
There 26 volunteers at Life Concepts Group Home I Inc.
Here are 20 key members and their salaries (Life Concepts Group Home I Inc's CEO's salary is $0 and their total compensation is $303,298):
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- Related: $278,871
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- Related: $192,714
- Other: $13,765
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- Related: $183,398
- Other: $16,594
Where can I find the form 990 for Life Concepts Group Home I Inc?
Life Concepts Group Home I Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Life Concepts Group Home I Inc
Life Concepts Group Home I Inc, as an organization, is dedicated to providing housing and training opportunities for individuals who are developmentally disabled. With a mission to support this vulnerable population, Life Concepts Group Home I Inc operates an apartment building that serves as a home and learning environment for twelve individuals. The organization receives subsidies from the Department of Housing and Urban Development (HUD) to make this housing affordable. By offering a safe and nurturing environment, Life Concepts Group Home I Inc aims to empower these individuals, providing them with the necessary tools and resources to lead fulfilling lives.
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Impact
October, 2024
Life Concepts Group Home I Inc significantly impacts the Orlando community by providing essential housing and training for individuals with developmental disabilities. By operating an apartment building that accommodates twelve residents, the organization ensures a supportive environment where individuals can develop essential life skills.
The subsidization from the Department of Housing and Urban Development (HUD) allows those who might otherwise face significant barriers in securing stable housing to have a safe and nurturing home. This stability is critical for personal growth and development. Furthermore, the training programs offered help residents gain independence and enhance their quality of life, fostering a sense of community and inclusion.
Overall, Life Concepts Group Home I Inc plays a vital role in enhancing the lives of its residents, promoting their well-being, and supporting their integration into society.
This information is meant to be a general summary of Life Concepts Group Home I 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 2023.
- Investment Income: $669
- Program Service Revenue: $43,279
- Gross Receipts: $103,881
Assets and Liabilities:
- Total Assets: $157,154
- Total Liabilities: $273,411
- Net Assets: -$116,257
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT RENT
Revenue
$43,279
Organization Details
Founding Year
1986
Principal Officer
Todd Thrasher
NTEE Category
Code: P73Z - Human services
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