Overview
What is Lifenet Community Behavioral Healthcare?
Lifenet Community Behavioral Healthcare is a nonprofit organization that primarily focuses on low-income housing. They serve as the General Partner in 11 Limited Liability Companies, which are committed to providing affordable housing for economically disadvantaged individuals. These housing projects are funded through rented low-income housing tax credits, as stipulated in Section 42 of the law. Their mission aligns with the provision of affordable housing solutions for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star Rating
Lifenet Community Behavioral Healthcare has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and financial management. The organization has achieved perfect scores in areas such as having an independent board, financial oversight, and maintaining a robust conflict of interest policy, showcasing its commitment to transparency and effective governance.
User feedback highlights the positive impact of Lifenet's services, with clients expressing deep appreciation for the support they have received. One client shared a transformative experience, noting significant improvements in their mental health and stability, culminating in personal achievements such as owning a home and pursuing higher education. This underscores the organization's role in facilitating meaningful changes in the lives of its clients.
While the data does not indicate any significant limitations, the overall positive ratings and testimonials suggest that Lifenet is a trusted provider in the community behavioral healthcare space. Their high program expense ratio indicates a strong focus on delivering services directly to clients, ensuring that funds are utilized effectively for programmatic needs.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Lifenet Community Behavioral Healthcare legitimate?
Lifenet Community Behavioral Healthcare is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lifenet Community Behavioral Healthcare 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: $16,200
For more financial information, click here
What is the mission statement of Lifenet Community Behavioral Healthcare?
Lifenet Community Behavioral Healthcare is dedicated to providing affordable housing solutions for economically disadvantaged individuals. As the General Partner in 11 Limited Liability Companies, they oversee housing projects financed through low-income housing tax credits, as stipulated by Section 42 of the law. The organization's mission is to make housing accessible for those who might otherwise struggle to secure it, contributing significantly to their overall well-being and quality of life.
Who is the CEO of Lifenet Community Behavioral Healthcare?
Gary Keep is the Secretary of Lifenet Community Behavioral Healthcare.
What is the revenue of Lifenet Community Behavioral Healthcare?
Lifenet Community Behavioral Healthcare's revenue in 2022 was $1,350,261.
Who are the executives of Lifenet Community Behavioral Healthcare and what are their salaries?
The average compensation at Lifenet Community Behavioral Healthcare during 2022 was $16,200. There is 1 employee and 6 volunteers at Lifenet Community Behavioral Healthcare.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Lifenet Community Behavioral Healthcare?
Lifenet Community Behavioral Healthcare's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lifenet Community Behavioral Healthcare
Lifenet Community Behavioral Healthcare is a nonprofit organization dedicated to providing affordable housing solutions for economically disadvantaged individuals. As the General Partner in 11 Limited Liability Companies, Lifenet oversees the operation of low-income housing projects, which are financed through rented low-income housing tax credits, as stipulated by Section 42 of the law. By doing so, Lifenet Community Behavioral Healthcare seeks to offer shelter and a sense of stability to those who are economically marginalized, aiming to improve their overall quality of life.
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Impact
June, 2024
Lifenet Community Behavioral Healthcare's impact is evident in its provision of low-income housing to economically disadvantaged clients in Dallas, Texas. Serving as the General Partner in 11 LLCs dedicated to this cause, Lifenet addresses the critical need for affordable housing options among the vulnerable population. Through the utilization of low-income housing tax credits, specifically under Section 42 of the law, Lifenet enables individuals and families to access safe and stable housing, thereby promoting their overall well-being and potentially breaking the cycle of poverty. This initiative underscores the organization's commitment to addressing the intersecting challenges of mental health and housing insecurity within the community.
This information is meant to be a general summary of Lifenet Community Behavioral Healthcare. 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: $1,120,565
- Program Service Revenue: $229,696
- Gross Receipts: $1,350,261
Assets and Liabilities:
- Total Assets: $276,437
- Total Liabilities: $2,285
- Net Assets: $274,152
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Management Fees
Revenue
$229,696
Organization Details
Founding Year
1979
Phone
(214) 743-6109Principal Officer
Gary Keep
Main Address
1345 RIVER BEND DRIVE 200, DALLAS, TX, 75247
NTEE Category
Code: F32 - Mental health
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