Overview
What is Lawrenceburg Lions Homes Inc?
Lawrenceburg Lions Homes Inc is a nonprofit organization dedicated to providing affordable housing solutions. Specifically, they cater to the needs of low-income elderly individuals through a rural housing program supported by the U.S. Department of Agriculture Rural Development Program. Their primary mission is to offer rental apartments within their community, ensuring that this essential need is met for an often underserved demographic.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Stars
Lawrenceburg Lions Homes Inc has received a rating of 79%, reflecting a solid performance in accountability and finance. The organization boasts a fully independent board, with 100% of its members meeting this criterion, and demonstrates strong governance practices, including a conflict of interest policy and a whistleblower policy.
The nonprofit excels in its program expense ratio, allocating 82.40% of its expenses directly to its programs, indicating a strong commitment to its mission. However, it faces challenges with a liabilities to assets ratio of 132.94%, which suggests it may have more liabilities than assets. This aspect may raise concerns regarding financial sustainability in the long term. Overall, while Lawrenceburg Lions Homes Inc shows many strengths in governance and program spending, its financial liabilities warrant close monitoring.
This AI summary has been generated from information found on Charity Navigator.
Is Lawrenceburg Lions Homes Inc legitimate?
Lawrenceburg Lions Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lawrenceburg Lions 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:
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What is the mission statement of Lawrenceburg Lions Homes Inc?
Lawrenceburg Lions Homes Inc. is committed to providing affordable rental housing for individuals with limited income, specifically focusing on the elderly population. This mission is accomplished through a rural housing program funded by the U.S. Department of Agriculture Rural Development Program. The organization operates by offering rental apartments, aiming to enhance the living conditions of these individuals in need.
Who is the CEO of Lawrenceburg Lions Homes Inc?
Bobby Belew is the President of Lawrenceburg Lions Homes Inc.
What is the revenue of Lawrenceburg Lions Homes Inc?
Lawrenceburg Lions Homes Inc's revenue in 2022 was $491,817.
Who are the executives of Lawrenceburg Lions Homes Inc and what are their salaries?
There 10 volunteers at Lawrenceburg Lions Homes Inc.
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Where can I find the form 990 for Lawrenceburg Lions Homes Inc?
Lawrenceburg Lions Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lawrenceburg Lions Homes Inc
Lawrenceburg Lions Homes Inc, a nonprofit organization, is dedicated to providing low-income rental housing. This mission is accomplished through a rural housing program supported by the U.S. Department of Agriculture's Rural Development Program. The organization's primary objective is to offer rental apartments specifically designed for elderly individuals who are financially disadvantaged. By offering this service, Lawrenceburg Lions Homes Inc strives to contribute to the well-being of its community, providing a safe and affordable living environment for its residents.
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Impact
July, 2024
Lawrenceburg Lions Homes Inc has a significant impact on the community by providing low-income rental housing for elderly individuals in Lawrenceburg, Tennessee. Through its rural housing program sponsored by the U.S. Department of Agriculture Rural Development Program, the organization offers affordable rental apartments to those in need. By fulfilling this mission, Lawrenceburg Lions Homes Inc plays a crucial role in addressing the housing needs of low-income elderly residents, ensuring they have a safe and comfortable place to live. This impact contributes to the overall well-being and quality of life of the community members it serves.
This information is meant to be a general summary of Lawrenceburg Lions 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $902
- Program Service Revenue: $294,094
- Gross Receipts: $491,817
Assets and Liabilities:
- Total Assets: $1,132,145
- Total Liabilities: $1,539,207
- Net Assets: -$407,062
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$294,094
Organization Details
Founding Year
1977
Phone
(931) 363-4544Principal Officer
Bobby Belew
Main Address
345 GERI STREET, LAWRENCEBURG, TN, 38464
NTEE Category
Code: L22 - Housing
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