Overview
What is Lorien Homes Inc?
Lorien Homes Inc is a nonprofit organization located in Baltimore, Maryland, with an address at 3 Milford Mill Road. Their primary mission is to renovate and maintain residential rental properties, specifically designed for low-income adults with disabilities, in accordance with Section 811 of the National Affordable Housing Act. By doing so, they contribute to providing suitable housing options for this vulnerable population, enhancing their quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star Rating
Lorien Homes Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in its Accountability & Finance metrics. The charity's overall score is based entirely on its Accountability & Finance score of 79%, which reflects its commitment to maintaining high standards in financial management and transparency. This rating is particularly significant as it showcases the organization's effectiveness in ensuring that funds are utilized appropriately.
The organization has demonstrated strong governance, with an independent board composed of 10 members and top scores in various accountability indicators, including material diversion of assets and conflict of interest policies. The high program expense ratio of 87.79% suggests that a substantial portion of the charity's resources is directed towards its programs, which is a positive indicator of its operational efficiency and focus on its mission.
Despite the strong ratings in governance and financial management, the data does not highlight any specific limitations or areas for improvement. Overall, Lorien Homes Inc appears to be a well-managed nonprofit with a commendable approach to accountability and financial stewardship.
This AI summary has been generated from information found on Charity Navigator.
Is Lorien Homes Inc legitimate?
Lorien Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lorien Homes 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: $20,641
For more financial information, click here
What is the mission statement of Lorien Homes Inc?
Lorien Homes Inc. is dedicated to renovating and maintaining residential rental properties, specifically designed for low-income adults with disabilities, in accordance with Section 811 of the National Affordable Housing Act. The organization's mission is centered around providing suitable living spaces for this particular demographic, enhancing their quality of life. By doing so, Lorien Homes Inc. contributes to the broader goal of ensuring affordable and accessible housing for individuals with disabilities. The entity's activities involve the upkeep and restoration of these properties to meet the unique needs of its tenants, thereby promoting inclusivity and empowerment within the community.
Who is the CEO of Lorien Homes Inc?
Sendy Rommel is the President of Lorien Homes Inc.
What is the revenue of Lorien Homes Inc?
Lorien Homes Inc's revenue in 2023 was $60,203.
Who are the executives of Lorien Homes Inc and what are their salaries?
Here are 4 key members and their salaries:
- 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 Lorien Homes Inc?
Lorien Homes Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Lorien Homes Inc
Lorien Homes Inc, as a nonprofit organization, is dedicated to revitalizing and upkeeping residential rental properties. These properties are specifically designed to cater to low-income adults with disabilities, adhering to Section 811 of the National Affordable Housing Act. The mission of Lorien Homes Inc is multifaceted. It involves renovating and maintaining these properties to ensure they meet the unique needs and accommodation requirements of their intended residents. By doing so, Lorien Homes Inc creates a safe and comfortable living environment for individuals who may otherwise face challenges in securing suitable housing. Their mission is a testament to their commitment to providing affordable and inclusive housing options for vulnerable populations, thereby enhancing their overall quality of life.
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Impact
August, 2024
Lorien Homes Inc renovates and maintains residential rental properties designed for low-income adults with disabilities under Section 811 of the National Affordable Housing Act. Their impact can be seen in providing affordable and accessible housing for a vulnerable population, ensuring that these individuals have a safe and comfortable place to live. By focusing on this specific demographic, Lorien Homes Inc is playing a vital role in addressing the housing needs of low-income adults with disabilities in Baltimore, MD, and contributing to their overall well-being and quality of life.
This information is meant to be a general summary of Lorien Homes 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 2023.
- Investment Income: $251
- Program Service Revenue: $59,952
- Gross Receipts: $60,203
Assets and Liabilities:
- Total Assets: $668,223
- Total Liabilities: $1,091,667
- Net Assets: -$423,444
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTALS
Revenue
$59,952
Organization Details
Founding Year
2004
Phone
(410) 653-6190Principal Officer
Sendy Rommel
Main Address
3 MILFORD MILL ROAD, BALTIMORE, MD, 21208
NTEE Category
Code: L21 - Housing
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