Overview
What is Lincoln Avenue Apartments Inc?
Lincoln Avenue Apartments Inc is a nonprofit organization situated in San Rafael, California. Their primary mission is to offer affordable housing options for adults with developmental disabilities, adhering to Section 811 of the National Housing Act. This seven-unit complex is regulated by the HUD to ensure reasonable rent charges and operational methods, ensuring the provision of suitable living spaces for those in need.
Is Lincoln Avenue Apartments Inc legitimate?
Lincoln Avenue Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lincoln Avenue Apartments 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: $49,851
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What is the mission statement of Lincoln Avenue Apartments Inc?
Lincoln Avenue Apartments Inc is committed to providing low-income housing for individuals with disabilities. This mission is carried out through the operation of a seven-unit apartment complex, specifically for developmentally disabled adults, under Section 811 of the National Housing Act. The corporation adheres to regulations set by HUD, including controlling rent charges and operating methods, to ensure the project serves its intended purpose effectively.
Who is the CEO of Lincoln Avenue Apartments Inc?
Laura Hall is the President of Lincoln Avenue Apartments Inc.
What is the revenue of Lincoln Avenue Apartments Inc?
Lincoln Avenue Apartments Inc's revenue in 2023 was $195,411.
Who are the executives of Lincoln Avenue Apartments Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $591,118
- Other: $41,676
- Compensation: $0
- Related: $418,349
- Other: $27,052
- Compensation: $0
- Related: $372,185
- Other: $39,392
- Compensation: $0
- Related: $153,340
- Other: $18,761
Where can I find the form 990 for Lincoln Avenue Apartments Inc?
Lincoln Avenue Apartments Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Lincoln Avenue Apartments Inc
Lincoln Avenue Apartments Inc is committed to providing low-income housing for individuals with disabilities. This mission is carried out through the operation of a seven-unit apartment complex, situated in San Rafael, California. The corporation's project falls under Section 811 of the National Housing Act, ensuring that rent charges and operating methods are regulated by the Department of Housing and Urban Development (HUD). By offering affordable housing, Lincoln Avenue Apartments Inc aims to provide a safe and supportive living environment for developmentally disabled adults, thereby contributing to their overall well-being.
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Impact
October, 2024
Lincoln Avenue Apartments Inc significantly impacts the community by providing essential low-income housing specifically designed for developmentally disabled adults. Operating a seven-unit apartment complex in San Rafael, California, the organization plays a crucial role in enhancing the quality of life for its residents. By adhering to the guidelines set forth by the HUD under Section 811 of the National Housing Act, the apartments ensure affordable rent and sustainable living conditions for individuals who might otherwise struggle to find suitable housing.
This initiative not only addresses the critical need for accessible housing but also fosters a supportive environment that empowers residents. By creating a community where disabled individuals can live independently, Lincoln Avenue Apartments Inc promotes dignity, stability, and well-being. The organization's efforts contribute to reducing homelessness among disabled populations and help integrate these individuals into the broader social fabric of San Rafael, ultimately enriching the community as a whole.
This information is meant to be a general summary of Lincoln Avenue Apartments 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: $15
- Program Service Revenue: $77,085
- Gross Receipts: $195,411
Assets and Liabilities:
- Total Assets: $851,340
- Total Liabilities: $981,929
- Net Assets: -$130,589
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LAUNDRY & TENANT CHARGES
Revenue
$492
OTHER INCOME
Revenue
$253
TENANT RENTS
Revenue
$76,340
Organization Details
Founding Year
1993
Phone
(415) 258-1800Principal Officer
Laura Hall
Main Address
22 Pelican Way, San Rafael, CA, 94901
NTEE Category
Code: L99 - Housing
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