Overview
What is Lions Arms Ii Inc?
Lions Arms II Inc is a nonprofit organization situated in Louisville, Kentucky, specifically at 5920 Lions Arms Drive. Their primary focus is to provide housing accommodations for low-income and elderly individuals, operating as a rental property complex in the community. The organization receives support through Section 8 Rental Assistance Subsidy, which helps to make the housing more affordable. Lions Arms II Inc is an extension of the Lions Club, a community-oriented organization where individuals contribute their time and resources to improve local and global communities. The mission of Lions Clubs encompasses enhancing living conditions, providing essential services, and fostering a sense of community spirit.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating.
Lions Arms II Inc has received a moderate rating of 73%, which reflects its performance in accountability and finance. The organization demonstrates strong governance with 100% independent board members and a solid board size of four independent members. It scores well in transparency, as it documents board meeting minutes and reports no material diversion of assets, indicating a commitment to ethical management practices.
Financially, the organization excels with a program expense ratio of 89.09%, meaning a significant portion of its expenses is directed towards its programs. Additionally, it maintains a favorable liabilities to assets ratio of 0.00%, suggesting a strong financial position with no debt obligations. However, the two-star rating indicates there may be room for improvement in areas not fully detailed in the overview, which could provide a more comprehensive picture of the organization's effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Lions Arms Ii Inc legitimate?
Lions Arms Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lions Arms 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
For more financial information, click here
What is the mission statement of Lions Arms Ii Inc?
Lions Arms II Inc, as an organization, is dedicated to operating rental properties for individuals with low income and the elderly, providing them with housing assistance through Section 8 subsidies. Beyond this, Lions Arms II Inc is associated with Lions Clubs, which serve as platforms where individuals come together to contribute their time and efforts towards improving their communities and the world at large. The organization's funds are being utilized to support the Lions Club in its endeavors to aid the community.
Who is the CEO of Lions Arms Ii Inc?
Kenneth Senn is the Vice-Preside of Lions Arms Ii Inc.
What is the revenue of Lions Arms Ii Inc?
Lions Arms Ii Inc's revenue in 2023 was $0.
Who are the executives of Lions Arms Ii Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Lions Arms Ii Inc?
Lions Arms Ii Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Lions Arms Ii Inc
Lions Arms II Inc, as a nonprofit organization, is dedicated to providing affordable housing solutions for low-income individuals and the elderly. Through its operation of rental properties, the corporation receives Section 8 rental assistance subsidies, enabling it to offer affordable living spaces. Beyond its housing mission, Lions Arms II Inc is also affiliated with Lions Clubs, which serve as community hubs where individuals contribute their time and effort towards improving local and global communities. The organization's involvement with the Lions Club further reinforces its commitment to making a positive impact in its community.
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Impact
October, 2024
Lions Arms II Inc significantly impacts the Louisville community by providing affordable housing for low-income and elderly individuals. By operating a residential housing complex supported by Section 8 rental assistance, the organization ensures that vulnerable populations have access to safe and stable living conditions. This initiative not only addresses immediate housing needs but also contributes to the overall well-being of residents, fostering a sense of community and belonging.
Additionally, the organization reinforces the mission of the Lions Club by mobilizing community members to dedicate their time and efforts toward improving living conditions and quality of life in Louisville. Through its housing projects, Lions Arms II Inc plays a vital role in enhancing community support systems, promoting inclusivity, and helping individuals achieve greater stability in their lives.
This information is meant to be a general summary of Lions Arms 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 2023.
Assets and Liabilities:
- Total Assets: $681,713
- Total Liabilities: $0
- Net Assets: $681,713
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Organization Details
Founding Year
1992
Phone
(502) 448-8839Principal Officer
Kenneth Senn
Main Address
5920 LIONS ARMS DRIVE, LOUISVILLE, KY, 40216
NTEE Category
Code: L20 - Housing
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