Overview
What is Life Concepts Independent Living I Inc?
Life Concepts Independent Living I Inc is a nonprofit organization situated in Orlando, Florida, specifically at 1509 E Colonial Drive 32803. Their primary focus is to provide housing and supportive services for nine individuals with developmental disabilities. The organization receives subsidies from the Department of Housing and Urban Development (HUD). Their mission involves offering housing and training opportunities to individuals with developmental disabilities, aiming to enhance their independence and quality of life. The organization operates an apartment building to facilitate this goal.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Life Concepts Independent Living I Inc has achieved a high score of 94%, reflecting its strong performance in accountability and finance. The organization received a perfect score in several key areas, including having a fully independent board, no material diversion of assets, and a robust conflict of interest policy. These factors contribute to the nonprofit's transparent governance and ethical operations, ensuring that donor funds are managed effectively.
The organization also demonstrates a healthy financial structure, with a low liabilities to assets ratio of 16.42% and a high program expense ratio of 81.68%. This indicates that the majority of its funding is directed towards its programs rather than administrative costs, showcasing a commitment to its mission. Such financial prudence is crucial for sustaining operations and delivering impactful services to the community.
While the ratings suggest strong organizational health, it is important for potential donors and stakeholders to consider ongoing monitoring of financial and operational practices. The lack of noted weaknesses in the data provided suggests that Life Concepts Independent Living I Inc is well-positioned to continue its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Life Concepts Independent Living I Inc legitimate?
Life Concepts Independent Living I Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Life Concepts Independent Living 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
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Life Concepts Independent Living I Inc?
Life Concepts Independent Living I Inc's mission is centered around providing housing and training for individuals with developmental disabilities. The organization operates an apartment building specifically designed for this purpose, offering a supportive environment for these individuals. The mission of Life Concepts extends beyond just providing a place to live, as it also includes imparting necessary life skills and training to the residents. The organization's operations are partially funded by the Department of Housing and Urban Development (HUD).
Who is the CEO of Life Concepts Independent Living I Inc?
Todd Thrasher is the Board Chair/Exec Committee of Life Concepts Independent Living I Inc. The CEO's salary of Life Concepts Independent Living I Inc is $0 and their total compensation is $264,571.
What is the revenue of Life Concepts Independent Living I Inc?
Life Concepts Independent Living I Inc's revenue in 2022 was $75,884.
Who are the executives of Life Concepts Independent Living I Inc and what are their salaries?
There 25 volunteers at Life Concepts Independent Living I Inc.
Here are 17 key members and their salaries (Life Concepts Independent Living I Inc's CEO's salary is $0 and their total compensation is $264,571):
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- Other: $9,927
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- Related: $172,541
- Other: $10,728
Where can I find the form 990 for Life Concepts Independent Living I Inc?
Life Concepts Independent Living I Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Life Concepts Independent Living I Inc
Life Concepts Independent Living I Inc is an organization dedicated to providing housing and training for individuals who are developmentally disabled. Its mission is to operate an apartment building that serves as a home and a learning environment for these individuals. The organization is subsidized by the Department of Housing and Urban Development (HUD), allowing it to provide housing for nine developmentally disabled individuals. By offering a supportive living environment and training programs, Life Concepts Independent Living I Inc aims to empower and enable these individuals to lead fulfilling and independent lives.
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Impact
August, 2024
Life Concepts Independent Living I Inc's impact is pivotal in providing essential housing and training services for individuals who are developmentally disabled in Orlando, FL. The organization operates an apartment building that accommodates nine individuals with developmental disabilities, offering them a supportive and inclusive living environment. Through its subsidized housing program facilitated by the Department of Housing and Urban Development (HUD), Life Concepts Independent Living I Inc plays a crucial role in promoting independence and empowerment among this vulnerable population. By offering specialized training and support services, the organization strives to enhance the quality of life and promote social inclusion for those it serves. In essence, Life Concepts Independent Living I Inc significantly contributes to the well-being and self-sufficiency of individuals with developmental disabilities, underscoring its valuable impact in the realm of human services.
This information is meant to be a general summary of Life Concepts Independent Living 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 2022.
- Investment Income: $54
- Program Service Revenue: $24,916
- Gross Receipts: $75,884
Assets and Liabilities:
- Total Assets: $458,352
- Total Liabilities: $63,060
- Net Assets: $395,292
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT RENT
Revenue
$24,916
Organization Details
Founding Year
1989
Phone
(407) 218-4300Principal Officer
Todd Thrasher
Main Address
1509 E COLONIAL DRIVE 300, ORLANDO, FL, 32803
NTEE Category
Code: P80 - Human services
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