Overview
What is Louisisana Housing Assistance Corp?
Louisiana Housing Assistance Corp is a nonprofit organization situated in Alexandria, Louisiana. Their primary focus is providing reimbursement for nutritional meals to pre-school children enrolled in home daycare centers. This financial aid is made possible through the Louisiana Department of Education. The organization serves approximately 700 children, supporting home daycare centers within the state. With a small team of eight employees, Louisiana Housing Assistance Corp plays a vital role in ensuring the nutritional needs of young children are met in their daycare settings.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% - Three-Star out of Four Star Rating
Louisiana Housing Assistance Corp has earned a Three-Star rating from Charity Navigator, reflecting a solid level of accountability and financial management. With a strong emphasis on governance, the organization boasts 100% independent board members and a thorough audit and oversight committee. Their program expense ratio is notably high at 88.99%, indicating that a significant portion of their funds is dedicated to their programs rather than administrative costs.
The nonprofit demonstrates a commitment to transparency and ethical practices, as evidenced by their well-documented conflict of interest and whistleblower policies. Additionally, they maintain detailed records of board meeting minutes, which contributes to their overall governance strength. The absence of any material diversion of assets is a positive indicator of their financial integrity.
While the organization shows many strengths in its operations and oversight, the Three-Star rating suggests there may be areas for improvement. Stakeholders may want to monitor the organization’s continued performance and any changes in their financial health or program effectiveness moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Louisisana Housing Assistance Corp legitimate?
Louisisana Housing Assistance Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Louisisana Housing Assistance Corp 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: $356,279
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Louisisana Housing Assistance Corp?
The Louisiana Housing Assistance Corp's primary mission is to provide reimbursement for nutritional meals for enrolled preschool children. This initiative is funded through the State of Louisiana's Department of Education. The corporation reimburses home day care centers that enroll preschool children and serve these meals, currently supporting approximately 700 children. This program aims to ensure that these young learners receive adequate nutrition, fostering their overall growth and development.
Who is the CEO of Louisisana Housing Assistance Corp?
Vernon Creecy is the Chairman of Louisisana Housing Assistance Corp.
What is the revenue of Louisisana Housing Assistance Corp?
Louisisana Housing Assistance Corp's revenue in 2022 was $3,815,911.
Who are the executives of Louisisana Housing Assistance Corp and what are their salaries?
The average compensation at Louisisana Housing Assistance Corp during 2022 was $44,535. There are 8 employees at Louisisana Housing Assistance Corp.
Here are 5 key members and their salaries:
- Compensation: $75,254
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Louisisana Housing Assistance Corp?
Louisisana Housing Assistance Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Louisisana Housing Assistance Corp
Louisiana Housing Assistance Corp plays a significant role in providing nutritional support for preschool children. Their mission is centered around reimbursing home day care centers that enroll pre-school children, funded through the State of Louisiana's Department of Education. This nonprofit organization helps approximately 700 children by facilitating reimbursements for their nutritional meals. By doing so, Louisiana Housing Assistance Corp contributes to the well-being and nourishment of young children, ensuring they receive essential nutrients that support their growth and development. The organization's mission is an integral part of ensuring that these children have access to nutritious meals, which is a crucial aspect of their overall health and development.
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Impact
July, 2024
Louisiana Housing Assistance Corp's impact includes providing reimbursement to enrolled preschool children for nutritional meals funded through the State of Louisiana Department of Education. The organization focuses on home daycare center reimbursements for nutritional meals to preschool children in Alexandria, Louisiana. By serving approximately 700 children, Louisiana Housing Assistance Corp plays a crucial role in ensuring access to proper nutrition for young children in the community.
This information is meant to be a general summary of Louisisana Housing Assistance Corp. 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: $9
- Gross Receipts: $3,815,911
Assets and Liabilities:
- Total Assets: $439,825
- Total Liabilities: $295,780
- Net Assets: $144,045
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Organization Details
Phone
(318) 487-5646Principal Officer
Vernon Creecy
Main Address
PO BOX 7207, Alexandria, LA, 71306
NTEE Category
Code: L21 - Housing
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