Overview
What is Lagoon Beach Residents Association Inc?
Lagoon Beach Residents Association Inc., located in Denver, Colorado, is a nonprofit organization dedicated to providing affordable housing as a Limited Equity Housing Cooperative. This association caters specifically to low- or very low-income families, as per the guidelines set by the California Department of Housing. Their primary mission is to ensure that housing remains accessible and affordable for these income groups, thereby contributing to the betterment of their living conditions.
Official website here: www.mercyhousing.org
Is Lagoon Beach Residents Association Inc legitimate?
Lagoon Beach Residents Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lagoon Beach Residents Association 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: $69,536
For more financial information, click here
Official website here: www.mercyhousing.org
What is the mission statement of Lagoon Beach Residents Association Inc?
The Lagoon Beach Residents Association Inc's mission is centered around providing affordable housing as a Limited Equity Housing Cooperative. This organization caters to families with low or very low incomes, following the guidelines set by the California Department of Housing. The association aims to make housing more accessible for those who may not otherwise be able to afford it, thereby contributing to a more equitable living situation for these families.
Official website here: www.mercyhousing.org
Who is the CEO of Lagoon Beach Residents Association Inc?
Sabrina Castro is the Director of Lagoon Beach Residents Association Inc.
Official website here: www.mercyhousing.org
What is the revenue of Lagoon Beach Residents Association Inc?
Lagoon Beach Residents Association Inc's revenue in 2022 was $304,714.
Official website here: www.mercyhousing.org
Who are the executives of Lagoon Beach Residents Association Inc and what are their salaries?
There 6 volunteers at Lagoon Beach Residents Association Inc.
Here are 6 key members and their salaries:
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- Other: $0
Official website here: www.mercyhousing.org
Where can I find the form 990 for Lagoon Beach Residents Association Inc?
Lagoon Beach Residents Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mercyhousing.org
Learn more at the official website: www.mercyhousing.org
Mission Statement of Lagoon Beach Residents Association Inc
Lagoon Beach Residents Association Inc, as a nonprofit organization, is dedicated to providing affordable housing as a Limited Equity Housing Cooperative for low- or very low-income families. In line with its exempt function and purpose, the association works tirelessly to ensure that families who fall into these income brackets have access to reasonably priced housing. This mission is in alignment with the guidelines set by the California Department of Housing. The association serves as a beacon of hope for families in need, offering them a chance at stable and affordable housing, thereby contributing to their overall well-being.
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Impact
October, 2024
Lagoon Beach Residents Association Inc significantly impacts the community by providing affordable housing options for low- and very low-income families in Denver, Colorado. By operating as a limited equity housing cooperative, the association ensures that families have access to stable and secure living environments, aiding in the prevention of homelessness and housing instability. This model allows residents to build equity over time while maintaining affordability, fostering a sense of community and belonging. The association plays a vital role in mitigating the housing crisis by prioritizing the needs of those who may otherwise be excluded from securing decent housing, thereby enhancing the quality of life for many families in the area.
This information is meant to be a general summary of Lagoon Beach Residents Association 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: $443
- Program Service Revenue: $274,619
- Gross Receipts: $304,714
Assets and Liabilities:
- Total Assets: $2,506,565
- Total Liabilities: $4,978,344
- Net Assets: -$2,471,779
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET RENTAL REVENUE
Revenue
$265,998
ANCILLARY SERVICES
Revenue
$4,964
OTHER REVENUE
Revenue
$3,657
Organization Details
Founding Year
1991
Phone
(303) 830-3300Principal Officer
Sabrina Castro
Main Address
1600 BROADWAY SUITE 2000, DENVER, CO, 802025704
Website
www.mercyhousing.orgNTEE Category
Code: L40Z - Housing
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