Overview
What is Lincoln Senior Housing Inc?
Lincoln Senior Housing Inc, operating under the name Hallock's Landing, is a nonprofit organization situated at 187 Minerva Street, Derby, Connecticut. Their primary mission is to provide elderly residents aged 62 or above with affordable housing and enriched community-based services, enabling them to age with dignity and security. They accomplish this by managing a 34-unit apartment complex, adhering to regulations set by the U.S. Department of Housing and Urban Development (HUD). This housing development aims to meet the needs of its residents, offering them a safe and decent living environment to call home.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star rating.
Lincoln Senior Housing Inc demonstrates a strong commitment to accountability and finance, reflected in its high score of 90%. This rating is based solely on its exceptional accountability and finance practices, which are crucial indicators of the organization's operational integrity. The organization has achieved full marks in key areas, such as having a completely independent board and robust audit and oversight mechanisms, indicating effective governance and transparency.
The nonprofit's financial health is also noteworthy, with a program expense ratio of 86.31%, suggesting that a significant portion of its funds is directed towards its mission rather than administrative costs. Additionally, the low liabilities to assets ratio of 2.52% highlights its financial stability, which is a positive sign for stakeholders and potential donors.
While the organization excels in many areas, there are no specific limitations mentioned in the data. This favorable assessment positions Lincoln Senior Housing Inc as a reliable and well-managed nonprofit, dedicated to serving the needs of its community effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Lincoln Senior Housing Inc legitimate?
Lincoln Senior Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lincoln Senior Housing 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:
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Other Salaries and Wages: $113,639
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What is the mission statement of Lincoln Senior Housing Inc?
Lincoln Senior Housing Inc's mission is centered around providing elderly residents with secure and reasonably priced housing, complemented by enriching community-based services. The organization strives to enable these residents to age gracefully in their own homes, maintaining their dignity. Through its operations, Lincoln Senior Housing Inc aims to create an environment that supports the elderly, fostering their overall well-being.
Who is the CEO of Lincoln Senior Housing Inc?
Richard Knoll is the Board President of Lincoln Senior Housing Inc.
What is the revenue of Lincoln Senior Housing Inc?
Lincoln Senior Housing Inc's revenue in 2022 was $517,855.
Who are the executives of Lincoln Senior Housing Inc and what are their salaries?
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Where can I find the form 990 for Lincoln Senior Housing Inc?
Lincoln Senior Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lincoln Senior Housing Inc
Lincoln Senior Housing Inc, a nonprofit organization, is committed to developing and managing a 34-unit elderly housing project, adhering to HUD's provisions. Their primary mission is to provide elderly residents with comfortable, safe, and reasonably priced homes. Beyond the physical living spaces, the organization strives to enrich the community by offering community-based services. These services aim to support the residents as they age, enabling them to maintain their dignity and independence within their living environment.
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Impact
July, 2024
Lincoln Senior Housing Inc's impact is significant as it provides a vital service by offering affordable housing to elderly residents aged 62 and above in Derby, Connecticut. By operating a 34-unit apartment community under the provisions of HUD, they ensure that these residents have access to decent, safe, and affordable homes where they can age in place with dignity. This helps to address the housing needs of the elderly population in the area and promotes a sense of community and well-being among the residents. Overall, Lincoln Senior Housing Inc plays a crucial role in enhancing the quality of life for elderly individuals in Derby, Connecticut.
This information is meant to be a general summary of Lincoln Senior Housing 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: $50
- Program Service Revenue: $517,805
- Gross Receipts: $517,855
Assets and Liabilities:
- Total Assets: $3,263,772
- Total Liabilities: $82,302
- Net Assets: $3,181,470
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income
Revenue
$517,805
Organization Details
Founding Year
2005
Phone
(203) 736-4673Principal Officer
Richard Knoll
Main Address
187 Minerva Street, Derby, CT, 06418
NTEE Category
Code: L21 - Housing
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