Overview
What is Lakeside Gardens Inc?
Lakeside Gardens Inc, situated in Shreveport, Louisiana, is a nonprofit organization dedicated to providing suitable housing for families with low and moderate incomes. This is achieved through the ownership and operation of an apartment complex that contains 88 units, adhering to guidelines set by the HUD under Section 202 of the Housing Act of 1959 and Section 8. The programs and services offered by Lakeside Gardens Apartments, Inc. cater specifically to this demographic, ensuring affordable and decent living conditions for its residents.
Is Lakeside Gardens Inc legitimate?
Lakeside Gardens Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Lakeside Gardens 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: $147,662
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What is the mission statement of Lakeside Gardens Inc?
Lakeside Gardens Inc. is dedicated to providing suitable housing for families with moderate to low income, adhering to the guidelines set by the HUD. This is achieved through the ownership and operation of an apartment complex, which comprises 88 units, in accordance with Section 202 of the Housing Act of 1959 and HUD's Section 8 regulations. The primary objective of Lakeside Gardens Inc. is to ensure affordable housing options are accessible to those in need, thereby contributing to a more equitable living environment. The organization ensures its programs and services are available to its residents, providing a supportive living environment.
What is the revenue of Lakeside Gardens Inc?
Lakeside Gardens Inc's revenue in 2024 was $713,457.
Who are the executives of Lakeside Gardens Inc and what are their salaries?
The average compensation at Lakeside Gardens Inc during 2024 was $29,532. There are 5 employees at Lakeside Gardens Inc.
Here are 5 key members and their salaries:
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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
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Lakeside Gardens Inc?
Lakeside Gardens Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Lakeside Gardens Inc
Lakeside Gardens Inc, a nonprofit organization, is dedicated to providing suitable housing for families with low and moderate incomes. This mission is carried out by owning and operating an apartment complex that adheres to Section 202 and Section 8 guidelines set by the Housing and Urban Development (HUD). Specifically, Lakeside Gardens manages an 88-unit apartment complex under the supervision of HUD and in accordance with Section 202 of the Housing Act of 1959. The organization's programs are designed to cater to this demographic, offering a safe and comfortable living environment.
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Impact
October, 2024
Lakeside Gardens Inc has a significant impact on the Shreveport community by providing suitable housing options for low and moderate-income families. By operating an apartment complex with 88 units in accordance with Section 202 and Section 8 HUD guidelines, Lakeside Gardens helps to address the critical need for affordable housing in the area.
The organization ensures that families have access to safe and decent living conditions, which is essential for their well-being and stability. By adhering to HUD supervision, Lakeside Gardens not only maintains high standards of housing but also fosters a supportive environment where residents can thrive.
Overall, Lakeside Gardens Inc plays a vital role in enhancing the quality of life for its residents, contributing to community development, and promoting social equity through its housing initiatives in Shreveport, LA.
This information is meant to be a general summary of Lakeside Gardens 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 2024.
- Investment Income: $228
- Program Service Revenue: $712,887
- Gross Receipts: $713,457
Assets and Liabilities:
- Total Assets: $358,606
- Total Liabilities: $1,563,348
- Net Assets: -$1,204,742
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Apartment Rentals
Revenue
$712,887
Organization Details
Founding Year
1969
Principal Officer
Lula Brooks
NTEE Category
Code: L21 - Housing
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