Overview
What is Lance Housing Corporation?
Lance Housing Corporation is a not-for-profit entity, established in compliance with California's legal framework. The primary objective of this organization is to acquire and manage a 74-unit apartment community, named Lance Apartments, situated in Carmichael, California. This initiative aims to provide affordable housing solutions within the community. The corporation's mission is deeply rooted in its commitment to this apartment community, demonstrating a dedication to bettering the living conditions and fostering a sense of community within its residents.
Is Lance Housing Corporation legitimate?
Lance Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lance Housing Corporation 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 Lance Housing Corporation?
Lance Housing Corporation, a not-for-profit entity established under California's laws, is dedicated to acquiring and managing a 74-unit apartment community. The primary objective of this corporation is to operate this community, known as Lance Apartments, located in Carmichael, California. While the provided information does not specify an explicit mission statement, it can be inferred that their purpose revolves around providing housing and operating its related facilities effectively. However, without additional data, it is challenging to provide a comprehensive mission statement that encompasses their long-term goals, values, and impact on the community.
What is the revenue of Lance Housing Corporation?
Lance Housing Corporation's revenue in 2023 was $760,531.
Who are the executives of Lance Housing Corporation and what are their salaries?
Here are 15 key members and their salaries:
- Compensation: $0
- Related: $219,710
- Other: $17,820
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $169,078
- Other: $11,670
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $192,189
- Other: $8,496
- Compensation: $0
- Related: $296,251
- Other: $25,195
- Compensation: $0
- Related: $255,109
- Other: $38,385
- Compensation: $0
- Related: $177,291
- Other: $28,669
- Compensation: $0
- Related: $222,348
- Other: $10,201
- Compensation: $0
- Related: $265,721
- Other: $33,798
- Compensation: $0
- Related: $229,391
- Other: $20,964
- Compensation: $0
- Related: $168,803
- Other: $14,598
- Compensation: $0
- Related: $168,637
- Other: $33,259
- Compensation: $0
- Related: $84,979
- Other: $13,324
Where can I find the form 990 for Lance Housing Corporation?
Lance Housing Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Lance Housing Corporation
Lance Housing Corporation, established under the laws of California, is a not-for-profit organization with a mission to acquire and operate a 74-unit apartment community. This community is known as Lance Apartments, situated in Carmichael, California. The corporation's primary objective is to manage and oversee this apartment complex, providing a home for its residents. While the information provided is limited, it suggests that Lance Housing Corporation is committed to offering affordable and comfortable housing to its residents. The corporation's activities revolve around the operation and maintenance of this apartment community, ensuring the well-being and satisfaction of its inhabitants.
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Impact
October, 2024
Lance Housing Corporation significantly impacts the community by managing a 74-unit apartment complex known as Lance Apartments in Carmichael, California, providing essential housing for residents. By acquiring and operating these apartments, it addresses the urgent need for affordable housing in the area, enhancing both the living conditions and stability for its tenants. Through this initiative, Lance Housing Corporation fosters a sense of community, supports quality of life, and contributes to the local economy by creating housing opportunities that promote long-term residency and community engagement.
This information is meant to be a general summary of Lance Housing Corporation. 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: $21,299
- Program Service Revenue: $661,204
- Gross Receipts: $760,531
Assets and Liabilities:
- Total Assets: $2,015,819
- Total Liabilities: $279,784
- Net Assets: $1,736,035
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET RENTAL REVENUE
Revenue
$661,204
Organization Details
Founding Year
1996
Principal Officer
Doug Shoemaker
NTEE Category
Code: L21Z - Housing
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