Overview
What is Life Concepts Independent Living Ii Inc?
Life Concepts Independent Living II Inc is a nonprofit organization located at 1509 E Colonial Drive, Orlando, Florida 32803. Their primary mission is to provide housing and support for individuals with developmental disabilities, subsidized by the Department of Housing and Urban Development (HUD). The organization operates an apartment building, offering not only housing but also training facilities for its residents, aiming to enhance their overall living and developmental experiences.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating
Life Concepts Independent Living II Inc has received a solid Three-Star rating from Charity Navigator, reflecting its strong accountability and financial management. The organization excels in several areas including having a fully independent board and no material diversion of assets, indicating solid governance practices. The high program expense ratio of 78.26% suggests that a significant portion of its funds is directed towards its mission-related activities.
Despite these strengths, the organization faces a notable concern with its liabilities to assets ratio, which stands at 213.30%. This indicates that the organization's liabilities exceed its assets by a significant margin, which could raise questions about its financial stability and sustainability.
Overall, while Life Concepts Independent Living II Inc shows a commendable commitment to accountability and transparency, the high level of liabilities suggests potential risks that might affect its long-term viability. It is advisable for potential donors and stakeholders to consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Life Concepts Independent Living Ii Inc legitimate?
Life Concepts Independent Living Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Life Concepts Independent Living Ii 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
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What is the mission statement of Life Concepts Independent Living Ii Inc?
Life Concepts Independent Living II Inc is dedicated to providing housing and supportive training for individuals with developmental disabilities. The organization operates an apartment building, serving as a residence for six individuals with such disabilities. Their mission is funded in part by the Department of Housing and Urban Development (HUD). By offering a safe and inclusive living environment, Life Concepts aims to empower these individuals, enabling them to lead fulfilling lives with enhanced independence.
Who is the CEO of Life Concepts Independent Living Ii Inc?
Todd Thrasher is the Board Chair/Exec Committee of Life Concepts Independent Living Ii Inc. The CEO's salary of Life Concepts Independent Living Ii Inc is $0 and their total compensation is $264,571.
What is the revenue of Life Concepts Independent Living Ii Inc?
Life Concepts Independent Living Ii Inc's revenue in 2022 was $71,427.
Who are the executives of Life Concepts Independent Living Ii Inc and what are their salaries?
There 25 volunteers at Life Concepts Independent Living Ii Inc.
Here are 17 key members and their salaries (Life Concepts Independent Living Ii 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 Ii Inc?
Life Concepts Independent Living Ii Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Life Concepts Independent Living Ii Inc
Life Concepts Independent Living II Inc, as a mission-driven organization, is dedicated to providing housing and training for individuals who are developmentally disabled. The organization operates an apartment building specifically designed to cater to this unique group of individuals. By offering subsidized housing through the Department of Housing and Urban Development (HUD), Life Concepts Independent Living II Inc provides a safe and supportive environment for six individuals with developmental disabilities. This housing not only provides a roof over their heads but also offers opportunities for personal growth and skill development, enabling these individuals to lead more independent and fulfilling lives.
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Impact
August, 2024
Life Concepts Independent Living II Inc's impact is significant in providing vital housing and training for individuals who are developmentally disabled in Orlando, FL. By operating an apartment building that accommodates six individuals with developmental disabilities, the organization ensures that these individuals have a safe and supported living environment. This enables them to lead more independent and fulfilling lives, contributing to their overall well-being and quality of life. Life Concepts Independent Living II Inc's efforts play a crucial role in promoting inclusion and autonomy for individuals with developmental disabilities in the local community.
This information is meant to be a general summary of Life Concepts Independent Living Ii 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: $26
- Program Service Revenue: $17,561
- Gross Receipts: $71,427
Assets and Liabilities:
- Total Assets: $122,101
- Total Liabilities: $242,510
- Net Assets: -$120,409
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT RENT
Revenue
$17,561
Organization Details
Founding Year
1991
Phone
(407) 218-4300Principal Officer
Todd Thrasher
Main Address
1509 E COLONIAL DRIVE 300, ORLANDO, FL, 32803
NTEE Category
Code: L99Z - Housing
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