Overview
What is Lexington Home Ownership Commission Ii Inc?
Lexington Home Ownership Commission II Inc, situated in Lexington, Kentucky, is a dedicated nonprofit organization. Their primary mission is to facilitate home ownership opportunities for families with modest to moderate incomes. By investing in the development of homes, they aim to make this dream a reality for many families in their community. Their activities are centered around providing resources and support to help these families secure their own homes.
Is Lexington Home Ownership Commission Ii Inc legitimate?
Lexington Home Ownership Commission Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lexington Home Ownership Commission Ii 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: $0
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What is the mission statement of Lexington Home Ownership Commission Ii Inc?
Lexington Home Ownership Commission II Inc's mission is centered around providing home ownership opportunities for families with moderate to low income levels. By undertaking this mission, the organization aims to contribute to the housing sector in a meaningful way. The primary activity of Lexington Home Ownership Commission II Inc involves the development of homes, bearing the associated costs, with the intention of making these homes accessible to families within the specified income bracket. The organization's goal is to contribute to the stability and growth of these families by offering them the chance to own a home.
Who is the CEO of Lexington Home Ownership Commission Ii Inc?
Sean Cooper is the President of Lexington Home Ownership Commission Ii Inc.
What is the revenue of Lexington Home Ownership Commission Ii Inc?
Lexington Home Ownership Commission Ii Inc's revenue in 2022 was $322,474.
Who are the executives of Lexington Home Ownership Commission Ii Inc and what are their salaries?
There 5 volunteers at Lexington Home Ownership Commission Ii Inc.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $229,016
- Other: $66,602
- Compensation: $0
- Related: $138,223
- Other: $41,220
- Compensation: $0
- 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 Lexington Home Ownership Commission Ii Inc?
Lexington Home Ownership Commission Ii Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lexington Home Ownership Commission Ii Inc
Lexington Home Ownership Commission II Inc is committed to providing home ownership opportunities to families with modest to low incomes. Their mission, in essence, is to make homeownership a reality for these families who might otherwise struggle to afford it. This nonprofit organization invests in the development of homes, covering the associated costs, to make this dream a tangible reality. By doing so, Lexington Home Ownership Commission II Inc plays a significant role in increasing home ownership rates among families within this income bracket, thereby contributing to community stability and growth.
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Impact
October, 2024
Lexington Home Ownership Commission II Inc plays a crucial role in addressing housing disparities by providing home ownership opportunities to low to moderate income families. By focusing on the development of homes, the organization helps to create sustainable living environments that empower families to achieve stability and economic growth.
Their efforts contribute not only to individual families but also to the broader community by promoting diversity and inclusion in housing. This initiative supports economic mobility, allowing families to invest in their futures, build equity, and break the cycle of poverty. By facilitating access to affordable housing, Lexington Home Ownership Commission II Inc fosters community development and improves quality of life, ensuring that home ownership is attainable for those who may otherwise be excluded from the housing market.
This information is meant to be a general summary of Lexington Home Ownership Commission Ii 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 2022.
- Investment Income: $20,889
- Program Service Revenue: $301,585
- Gross Receipts: $322,474
Assets and Liabilities:
- Total Assets: $9,727,944
- Total Liabilities: $212,735
- Net Assets: $9,515,209
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTAL REVENUE
Revenue
$233,806
HOUSING ASSIST PMTS
Revenue
$37,903
DEVELOPER FEE
Revenue
$29,876
Organization Details
Founding Year
2000
Phone
(859) 281-5060Principal Officer
Sean Cooper
Main Address
300 NEW CIRCLE ROAD NW, LEXINGTON, KY, 40505
NTEE Category
Code: L20 - Housing
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