Overview
What is Lake Cumberland Mr Independent Living Complex Inc?
Lake Cumberland Mr Independent Living Complex Inc is a nonprofit organization situated in Somerset, Kentucky, specifically at 130 Floyd Street 100. Their primary purpose is to provide housing for individuals with mental challenges, emphasizing their tenants' independence. The complex, equipped with 31 units, features laundry facilities and a recreational area. To further support its tenants, the organization also offers rental assistance from HUD. In essence, Lake Cumberland Mr Independent Living Complex Inc aims to provide a supportive living environment that fosters independence for individuals facing mental challenges.
Is Lake Cumberland Mr Independent Living Complex Inc legitimate?
Lake Cumberland Mr Independent Living Complex Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Cumberland Mr Independent Living Complex 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: $124,499
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What is the mission statement of Lake Cumberland Mr Independent Living Complex Inc?
Lake Cumberland Mr Independent Living Complex Inc is dedicated to providing housing for individuals with mental challenges. Their mission is to prioritize the independence of these tenants, offering a living environment that caters to their needs. The complex features 31 units, along with laundry facilities and a recreational area. Moreover, rent assistance from HUD is available, further aiding in the provision of suitable housing for these individuals.
What is the revenue of Lake Cumberland Mr Independent Living Complex Inc?
Lake Cumberland Mr Independent Living Complex Inc's revenue in 2023 was $373,084.
Who are the executives of Lake Cumberland Mr Independent Living Complex Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Lake Cumberland Mr Independent Living Complex Inc?
Lake Cumberland Mr Independent Living Complex Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Lake Cumberland Mr Independent Living Complex Inc
Lake Cumberland Mr Independent Living Complex Inc is dedicated to providing housing for individuals with mental challenges. Their mission emphasizes the tenants' independence, ensuring that they can live as self-sufficiently as possible. The complex, which features 31 units, includes essential facilities such as laundry facilities and a recreational area. In addition, rent assistance from HUD is available to eligible tenants, making their stay more affordable. The complex aims to provide a safe and supportive environment where individuals with mental challenges can thrive, fostering their independence and promoting their overall well-being.
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Impact
October, 2024
Lake Cumberland Mr Independent Living Complex Inc plays a vital role in enhancing the quality of life for mentally challenged individuals in Somerset, KY. By providing dedicated housing, the complex fosters independence for its tenants, enabling them to live in a supportive and accommodating environment.
With 31 housing units equipped with essential amenities like laundry facilities and recreational spaces, the complex not only meets basic living needs but also promotes social interaction and community building among residents. The availability of rent assistance from HUD further ensures that these essential services remain accessible to those who might otherwise struggle to find suitable housing.
Overall, Lake Cumberland Mr Independent Living Complex Inc significantly contributes to the well-being and autonomy of its residents, empowering them to lead fulfilling lives in a safe and nurturing environment.
This information is meant to be a general summary of Lake Cumberland Mr Independent Living Complex 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: $62
- Program Service Revenue: $370,354
- Gross Receipts: $373,084
Assets and Liabilities:
- Total Assets: $513,554
- Total Liabilities: $597,621
- Net Assets: -$84,067
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$370,354
Organization Details
Founding Year
1988
Principal Officer
Jannie Baker
NTEE Category
Code: L20 - Housing
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