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Lakeside Place Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 593627035 ✦ Orlando, FL ✦ Designated as a 501(c)(3)

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Overview

What is Lakeside Place Inc?

Lakeside Place Inc is a nonprofit organization located in Orlando, Florida. The main focus of this organization is to provide housing and essential services to low-income individuals with disabilities. They own and manage an 18-unit apartment building, offering independent living facilities in Orlando. The mission of Lakeside Place Inc is to create a supportive environment for its residents, enabling them to live with dignity and independence.


Official website here: www.aspirehealthpartners.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: 77% (Three-Star out of Four Star rating)

Lakeside Place Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The charity's score is primarily derived from its Accountability & Finance metrics, where it achieved a score of 77%. This rating reflects the organization's commitment to maintaining transparency and responsible financial practices, which are crucial for donor trust.

The charity excels in several key areas, including having no material diversion of assets and a strong program expense ratio of 86.14%. Such a high percentage indicates that the majority of its expenses are directed towards its programs rather than administrative costs. Additionally, Lakeside Place Inc has robust policies in place, such as conflict of interest and whistleblower policies, which further underscores its dedication to ethical governance.

However, while the organization demonstrates strengths in accountability and financial practices, it falls short of a higher rating due to the lack of additional performance indicators that could provide a more comprehensive view of its overall effectiveness. Continued transparency and improvements in these areas could enhance its standing in the nonprofit sector.


This AI summary has been generated from information found on Charity Navigator.

Is Lakeside Place Inc legitimate?

Lakeside Place Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lakeside Place 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


Official website here: www.aspirehealthpartners.com

What is the mission statement of Lakeside Place Inc?

Lakeside Place Inc, as an organization, is dedicated to providing housing solutions for individuals with disabilities who fall under the low-income bracket. This is achieved through the operation of an 18-unit independent living facility, located somewhere, with the primary purpose of offering housing to this specific group of people. The organization extends beyond just providing housing, offering additional services to its residents. Lakeside Place Inc is committed to enhancing the living conditions and fostering an inclusive environment for its residents, ensuring they have access to suitable housing options.


Official website here: www.aspirehealthpartners.com

Who is the CEO of Lakeside Place Inc?

Babette Hankey is the CEO of Lakeside Place Inc The CEO's salary of Lakeside Place Inc is $0 and their total compensation is $447,353.


Official website here: www.aspirehealthpartners.com

What is the revenue of Lakeside Place Inc?

Lakeside Place Inc's revenue in 2024 was $105,890.


Official website here: www.aspirehealthpartners.com

Who are the executives of Lakeside Place Inc and what are their salaries?

There 1 volunteer at Lakeside Place Inc.

Here are 5 key members and their salaries (Lakeside Place Inc's CEO's salary is $0 and their total compensation is $447,353):


Babette Hankey (President/Ceo)
  • Compensation: $0
  • Related: $402,960
  • Other: $44,393
Linda Damm (Chief Financial Officer)
  • Compensation: $0
  • Related: $203,488
  • Other: $44,290
Christine Suehle (Treasurer/Secretary)
  • Compensation: $0
  • Related: $170,811
  • Other: $45,680
Scott Griffiths (Chairperson)
  • Compensation: $0
  • Related: $201,251
  • Other: $10,800
Ronald Nesbitt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.aspirehealthpartners.com

Where can I find the form 990 for Lakeside Place Inc?

Lakeside Place Inc's most recent form 990 was submitted in 2024 and can be accessed here.


Official website here: www.aspirehealthpartners.com

Learn more at the official website: www.aspirehealthpartners.com

Mission Statement of Lakeside Place Inc

Lakeside Place Inc, a nonprofit organization, is dedicated to serving low-income individuals with disabilities. Its primary mission is to provide them with suitable housing. To accomplish this, Lakeside Place Inc operates an 18-unit independent living facility, situated in Orlando, Florida. This facility is designed specifically to cater to the housing needs of individuals with disabilities, offering them a secure and supportive living environment. The organization's efforts are geared towards providing these individuals with the essentials they require to live independently, fostering their independence and dignity.

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Impact




October, 2024

Lakeside Place Inc significantly impacts the community by providing essential housing and services to low-income individuals with disabilities. Located in Orlando, Florida, the organization operates an 18-unit independent living facility that ensures its residents have access to safe and affordable housing. This initiative not only improves the living conditions for these individuals but also fosters a sense of community and independence, allowing residents to thrive in a supportive environment. By addressing the housing needs of this vulnerable population, Lakeside Place Inc plays a crucial role in enhancing overall quality of life and promoting inclusivity within the Orlando area.




This information is meant to be a general summary of Lakeside Place 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.

Revenue
$105,890 (2024)
Expenses
$196,627 (2024)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2024.

  • Investment Income: $189
  • Program Service Revenue: $45,016
  • Gross Receipts: $105,890

Assets and Liabilities:

  • Total Assets: $875,898
  • Total Liabilities: $199,233
  • Net Assets: $676,665

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RESIDENTIAL RENTAL INCOME

Revenue

$43,621

OTHER RESIDENT INCOME

Revenue

$1,395

Organization Details

Founding Year

2000

Principal Officer

Babette Hankey

NTEE Category

Code: L20 - Housing

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