Overview
What is Rosewood I Senior Housing Community Lyons Gardens?
Rosewood I Senior Housing Community Lyons Gardens is a nonprofit organization situated at 12720 Hillcrest Road STE 400, Dallas, Texas 75230. Committed to serving low-income elderly individuals, it operates under Section 202 of the National Housing Act, in collaboration with the Department of Housing and Urban Development (HUD). The organization's primary mission is to provide suitable housing, ensuring a comfortable living environment for its elderly residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71% (Two-Star out of Four Star rating)
Rosewood I Senior Housing Community Lyons Gardens has received a Two-Star rating from Charity Navigator, indicating that while the organization demonstrates some strengths, there are areas requiring significant improvement. The charity scores well in areas like accountability and finance, notably having a program expense ratio of 93.60%. This suggests that a large portion of its expenses directly supports its programs, which is a positive indicator of its commitment to its mission.
However, the organization has notable weaknesses, particularly in financial transparency, as indicated by a high liabilities-to-assets ratio of 119.78%. Additionally, the nonprofit lacks essential governance policies, such as a whistleblower policy and document retention and destruction policy, which raises concerns about its overall operational integrity. Moreover, important documents like the tax form and its website are not listed on its tax form, which may hinder transparency and trust with stakeholders.
Overall, while Rosewood I Senior Housing Community Lyons Gardens shows a strong commitment to its programs, it faces challenges in operational transparency and financial management that it will need to address to improve its rating and effectiveness in serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Rosewood I Senior Housing Community Lyons Gardens legitimate?
Rosewood I Senior Housing Community Lyons Gardens is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rosewood I Senior Housing Community Lyons Gardens 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: $84,086
For more financial information, click here
What is the mission statement of Rosewood I Senior Housing Community Lyons Gardens?
Rosewood I Senior Housing Community Lyons Gardens, as a part of its mission, offers housing for low-income elderly individuals, adhering to Section 202 of the National Housing Act. This mission is carried out under an agreement with the Department of Housing and Urban Development (HUD). The community is committed to providing a living space for this particular demographic, aiming to contribute to their well-being and overall community. It is important to note that the housing provided is a vital resource for these elderly individuals, offering them a secure and suitable living environment.
Who is the CEO of Rosewood I Senior Housing Community Lyons Gardens?
Janine Sisak is the Board Chair of Rosewood I Senior Housing Community Lyons Gardens.
What is the revenue of Rosewood I Senior Housing Community Lyons Gardens?
Rosewood I Senior Housing Community Lyons Gardens's revenue in 2023 was $527,282.
Who are the executives of Rosewood I Senior Housing Community Lyons Gardens and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Rosewood I Senior Housing Community Lyons Gardens?
Rosewood I Senior Housing Community Lyons Gardens's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Rosewood I Senior Housing Community Lyons Gardens
Rosewood I Senior Housing Community Lyons Gardens is dedicated to providing housing for low-income elderly individuals, operating under Section 202 of the National Housing Act. This organization entered into an agreement with the Department of Housing and Urban Development (HUD) to fulfill this mission. By doing so, Rosewood I Senior Housing Community Lyons Gardens aims to offer a secure living environment for this specific demographic, ensuring they have access to essential housing resources. The organization's commitment to this cause is evident in its adherence to the guidelines set forth by Section 202 of the National Housing Act, which prioritizes affordable housing for elderly individuals.
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Impact
July, 2024
Rosewood I Senior Housing Community Lyons Gardens provides essential housing to low-income elderly persons in Dallas, Texas under Section 202 of the National Housing Act in partnership with the Department of HUD. By offering safe and affordable housing options to this vulnerable demographic, Rosewood I Senior Housing Community Lyons Gardens enhances the quality of life for elderly individuals facing financial constraints. This impact extends beyond just providing a roof over their heads, as stable housing contributes to overall well-being and self-sufficiency for these seniors. The community plays a crucial role in addressing the housing needs of low-income elderly residents, ensuring they have a dignified and supportive living environment.
This information is meant to be a general summary of Rosewood I Senior Housing Community Lyons Gardens. 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: $2,904
- Program Service Revenue: $524,378
- Gross Receipts: $527,282
Assets and Liabilities:
- Total Assets: $3,543,920
- Total Liabilities: $4,245,201
- Net Assets: -$701,281
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL OF ELDERLY HOUSING
Revenue
$524,378
Organization Details
Founding Year
2001
Phone
(972) 643-3205Principal Officer
Janine Sisak
Main Address
12720 HILLCREST ROAD STE 400, DALLAS, TX, 75230
NTEE Category
Code: L22 - Housing
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