Mt Lebanon Cedars Of Lebanon Homes Inc

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

EIN: 611008042 ✦ Louisville, KY ✦ Designated as a 501(c)(3)

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Overview

What is Mt Lebanon Cedars Of Lebanon Homes Inc?

Mt Lebanon Cedars of Lebanon Homes Inc is a nonprofit organization committed to providing affordable housing for elderly and handicapped individuals. With a section 8 contract from the U.S. Department of Housing and Urban Development, they manage 71 units, guaranteeing their sole dedication to upkeep and maintenance. This dedicated expenditure ensures the facility remains operational and beneficial for its tenants, providing them with a safe and comfortable living environment.

What are the reviews and ratings of this charity?

Charity Navigator Rating: Needs Improvement

Mt Lebanon Cedars Of Lebanon Homes Inc has received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 66%. The organization demonstrates strong accountability and finance practices, particularly with a perfect score in the category, indicating effective management of resources. However, there are significant deficiencies in transparency, highlighted by the absence of essential financial statements and missing policies such as a whistleblower policy and document retention guidelines.

While the nonprofit has an entirely independent board, which is a positive indicator of governance, it lacks sufficient independent board members to meet best practices. The organization does maintain a good program expense ratio of nearly 77%, suggesting that a substantial portion of its funds is directed towards its programs. Nonetheless, the lack of publicly accessible documentation, like tax forms and certain policies, raises concerns about transparency and accountability to stakeholders.

Overall, while there are notable strengths in governance and resource allocation, the areas requiring improvement are critical for building trust and efficacy within the community it serves. Addressing these limitations could enhance both its rating and public perception significantly.


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

Is Mt Lebanon Cedars Of Lebanon Homes Inc legitimate?

Mt Lebanon Cedars Of Lebanon Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mt Lebanon Cedars Of Lebanon 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: $4,543

For more financial information, click here

What is the mission statement of Mt Lebanon Cedars Of Lebanon Homes Inc?

Mt Lebanon Cedars of Lebanon Homes Inc is dedicated to providing low-income housing for elderly and disabled individuals. Under a section 8 contract with the U.S. Department of Housing and Urban Development, they manage 71 units, allocating all expenditures towards the facility's operation and maintenance, ensuring the well-being and comfort of its tenants. The organization's primary goal is to offer a suitable living environment for this specific demographic, ensuring their needs are met and welfare is prioritized.

Who is the CEO of Mt Lebanon Cedars Of Lebanon Homes Inc?

Yvonne Delgadillo is the President of Mt Lebanon Cedars Of Lebanon Homes Inc.

What is the revenue of Mt Lebanon Cedars Of Lebanon Homes Inc?

Mt Lebanon Cedars Of Lebanon Homes Inc's revenue in 2022 was $2,535,071.

Who are the executives of Mt Lebanon Cedars Of Lebanon Homes Inc and what are their salaries?


There is 1 key member and their salary:


Yvonne Delgadillo (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Mt Lebanon Cedars Of Lebanon Homes Inc?

Mt Lebanon Cedars Of Lebanon Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Mt Lebanon Cedars Of Lebanon Homes Inc

Mt Lebanon Cedars of Lebanon Homes Inc, as a nonprofit organization, is dedicated to providing 71 units of affordable housing for elderly and handicapped residents. This mission is carried out under the guidance of a section 8 contract with the U.S. Department of Housing and Urban Development. The organization's primary focus is on the continuous operation and maintenance of this housing facility, ensuring it remains beneficial for its tenants. The expenditures of Mt Lebanon Cedars of Lebanon Homes Inc are solely dedicated to this purpose, demonstrating their commitment to providing a safe and comfortable living environment for their residents.

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Impact




July, 2024

Mt Lebanon Cedars Of Lebanon Homes Inc's impact is crucial in providing affordable housing for elderly and/or handicapped residents in Louisville, KY. Through its 71 units of low-income housing, the organization plays a vital role in ensuring that vulnerable populations have a safe and stable place to live. By operating under a section 8 contract with the U.S. Department of Housing and Urban Development, Mt Lebanon Cedars Of Lebanon Homes Inc is able to offer these housing opportunities to those in need. This support contributes to the well-being and quality of life of its tenants, creating a positive impact on the community.




This information is meant to be a general summary of Mt Lebanon Cedars Of Lebanon 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.

Revenue
N/A (2022)
Expenses
N/A (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,453,857
  • Program Service Revenue: $66,267
  • Gross Receipts: $3,013,782

Assets and Liabilities:

  • Total Assets: $485,267
  • Total Liabilities: $0
  • Net Assets: $485,267

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Programs

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

TENANT RENT & CHARGES

Revenue

$66,267

Organization Details

Founding Year

1983

Principal Officer

Yvonne Delgadillo

Main Address

2223 MAGAZINE STREET, LOUISVILLE, KY, 40211

NTEE Category

Code: L22 - Housing

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