Overview
What is Lmhc Properties Inc?
Lmhc Properties Inc is a nonprofit organization situated in Fort Meyers, Florida, with a specific focus on providing housing for disadvantaged individuals. Regulated by the U.S. Department of Housing and Urban Development (HUD), this organization operates two separate apartment facilities, housing a total of 20 units under Section 811. Their mission is to offer a non-discriminatory living space for individuals in need, ensuring they have a secure and supportive environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Star rating. This rating reflects significant concerns regarding Lmhc Properties Inc's financial health, primarily indicated by its liabilities to assets ratio of 231.87%, which earned it a low score. However, the organization demonstrates strong governance practices, including a fully independent board and documentation of board meeting minutes, which are positive indicators of accountability.
Strengths include a high program expense ratio of 84.57%, showing that a substantial portion of its expenditures directly supports its programs. The organization also scores well in governance areas, with all board members being independent and no material diversion of assets reported. These factors highlight a commitment to transparency and effective use of funds.
Despite these strengths, the nonprofit's financial challenges, as evidenced by the liabilities to assets ratio, raise concerns about its overall financial sustainability. The one-star rating serves as a caution to potential donors and stakeholders regarding the organization's financial management practices.
This AI summary has been generated from information found on Charity Navigator.
Is Lmhc Properties Inc legitimate?
Lmhc Properties Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lmhc Properties 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: $15,201
For more financial information, click here
What is the mission statement of Lmhc Properties Inc?
Lmhc Properties Inc, as an organization, is committed to providing housing for disadvantaged individuals. This housing is regulated by the U.S. Department of Housing and Urban Development (HUD). Their mission is to offer a home for individuals who may be facing various challenges, ensuring equal opportunities on a non-discriminatory basis. Currently, they manage two separate apartment facilities, totaling 20 units, under Section 811, which is a program aimed at providing housing for such individuals.
Who is the CEO of Lmhc Properties Inc?
Ronne Apicella is the Cfo of Lmhc Properties Inc. The CEO's salary of Lmhc Properties Inc is $0 and their total compensation is $0.
What is the revenue of Lmhc Properties Inc?
Lmhc Properties Inc's revenue in 2023 was $172,516.
Who are the executives of Lmhc Properties Inc and what are their salaries?
Here are 6 key members and their salaries (Lmhc Properties Inc's CEO's salary is $0 and their total compensation is $0):
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Lmhc Properties Inc?
Lmhc Properties Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Lmhc Properties Inc
Lmhc Properties Inc, as a nonprofit organization, is dedicated to providing housing that adheres to the regulations set by the U.S. Department of Housing and Urban Development (HUD). This mission is specifically aimed at serving disadvantaged individuals, ensuring that they have access to suitable living spaces on a non-discriminatory basis. The organization operates two separate apartment facilities, housing a total of 20 units, under Section 811. This project, established by Lmhc Properties Inc, is a testament to their commitment to providing housing solutions for those in need, promoting equality and ensuring a home for all.
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Impact
October, 2024
Lmhc Properties Inc significantly enhances the quality of life for disadvantaged individuals in Fort Myers, Florida, by providing regulated housing options through the U.S. Department of Housing and Urban Development (HUD). With two separate apartment facilities comprising a total of 20 units, the organization addresses the critical need for affordable housing in the area.
By operating under Section 811, Lmhc Properties Inc specifically focuses on creating living environments for those who might otherwise face barriers to housing. This mission not only offers shelter but also fosters stability, safety, and community integration for residents. The organization’s commitment to a non-discriminating policy ensures that support is accessible to all individuals in need, improving social equity within the community.
Overall, the impact of Lmhc Properties Inc is profound, as it not only provides essential housing but also contributes to a healthier and more inclusive environment for some of the most vulnerable members of society.
This information is meant to be a general summary of Lmhc Properties 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: $96
- Program Service Revenue: $172,420
- Gross Receipts: $172,516
Assets and Liabilities:
- Total Assets: $569,510
- Total Liabilities: $1,320,567
- Net Assets: -$751,057
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW INCOME HOUSING
Revenue
$172,420
Organization Details
Founding Year
1993
Phone
(239) 275-3222Principal Officer
Ronne Apicella
Main Address
3763 EVANS AVENUE, FORT MEYERS, FL, 33901
NTEE Category
Code: L21Z - Housing
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