Overview
What is Assisi Homes - Lasalle Manor Inc?
Assisi Homes - Lasalle Manor Inc is a not-for-profit corporation established in 2010, following the guidelines of Illinois' not-for-profit statutes. The primary objective of this organization is to manage a 48-unit apartment project named Lasalle Manor Apartments, located in Lasalle, Illinois. Regulated by the U.S. Department of Housing and Urban Development and the Illinois Housing Development Authority, the project falls under Section 221(D)(4) of the National Housing Act and Section 223(A)(7). The corporation's mission is to provide housing and related services for its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75%, Three-Star out of Four Star Rating
Assisi Homes - Lasalle Manor Inc has earned a Three-Star rating from Charity Navigator, reflecting a strong emphasis on accountability and finance. The organization scored 75% overall, with its rating based solely on its accountability and finance metrics. This rating indicates that the nonprofit has a solid approach to transparency and responsible management of resources.
The organization demonstrates notable strengths, particularly in areas such as its program expense ratio, which stands at an impressive 97.34%. This suggests that a significant majority of its expenses are directed towards programs rather than administrative costs. Additionally, Assisi Homes has implemented comprehensive policies, including conflict of interest and whistleblower policies, contributing to its high accountability score.
While the overall rating is commendable, there is room for improvement, as indicated by the liabilities to assets ratio of 55.46%, which scored 11 out of 15 points. This suggests that the organization might have a relatively high level of liabilities compared to its assets, inviting considerations around financial sustainability in the long term. Overall, the charity appears to be managing its finances well, but attention may be needed to enhance its financial stability.
This AI summary has been generated from information found on Charity Navigator.
Is Assisi Homes - Lasalle Manor Inc legitimate?
Assisi Homes - Lasalle Manor Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Assisi Homes - Lasalle Manor 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: $106,770
For more financial information, click here
What is the mission statement of Assisi Homes - Lasalle Manor Inc?
Assisi Homes - Lasalle Manor Inc. was established with the primary objective of managing a 48-unit housing project, named Lasalle Manor Apartments. This project is regulated by both the U.S. Department of Housing and Urban Development and the Illinois Housing Development Authority. The corporation's purpose is to provide housing services, operating under the guidelines set by these regulatory bodies. While the information does not provide specific details about the corporation's mission beyond this housing project, it can be inferred that their mission revolves around providing suitable housing solutions.
Who is the CEO of Assisi Homes - Lasalle Manor Inc?
Melissa Clayton is the President/Director of Assisi Homes - Lasalle Manor Inc.
What is the revenue of Assisi Homes - Lasalle Manor Inc?
Assisi Homes - Lasalle Manor Inc's revenue in 2022 was $554,424.
Who are the executives of Assisi Homes - Lasalle Manor Inc and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $94,309
- Other: $16,925
- Compensation: $0
- Related: $215,449
- Other: $8,873
- Compensation: $0
- Related: $134,820
- Other: $30,258
- Compensation: $0
- Related: $228,009
- Other: $33,552
- Compensation: $0
- Related: $192,019
- Other: $31,505
- Compensation: $0
- Related: $189,811
- Other: $4,240
- Compensation: $0
- Related: $162,243
- Other: $9,934
- Compensation: $0
- Related: $239,519
- Other: $10,391
Where can I find the form 990 for Assisi Homes - Lasalle Manor Inc?
Assisi Homes - Lasalle Manor Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Assisi Homes - Lasalle Manor Inc
Assisi Homes - Lasalle Manor Inc, established in 2010, was formed with a specific purpose - to manage and operate a 48-unit apartment project known as Lasalle Manor Apartments. This not-for-profit corporation, in accordance with the statutes of Illinois, was established with the aim of providing housing solutions. The project, regulated by the U.S. Department of Housing and Urban Development and the Illinois Housing Development Authority, operates under Section 221(D)(4) of the National Housing Act, as amended. This mission of Assisi Homes - Lasalle Manor Inc is centered around providing housing solutions, demonstrating their commitment to contributing positively to their community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Assisi Homes - Lasalle Manor Inc's impact can be seen in the provision of affordable housing through the operation of the 48-unit apartment project known as Lasalle Manor Apartments in Lasalle, Illinois. By offering housing under the regulatory guidelines of the U.S. Department of Housing and Urban Development and the Illinois Housing Development Authority, the organization plays a crucial role in addressing the housing needs of individuals in the community. Through its mission, Assisi Homes - Lasalle Manor Inc contributes to creating a stable and supportive living environment for residents in need of affordable housing options.
This information is meant to be a general summary of Assisi Homes - Lasalle Manor 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: $120
- Program Service Revenue: $88,257
- Gross Receipts: $554,424
Assets and Liabilities:
- Total Assets: $2,208,080
- Total Liabilities: $1,224,710
- Net Assets: $983,370
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET RENTAL REVENUE
Revenue
$68,760
OTHER REVENUE
Revenue
$12,256
ANCILLARY SERVICES
Revenue
$7,241
Organization Details
Founding Year
2010
Phone
(303) 830-3300Principal Officer
Melissa Clayton
Main Address
1600 BROADWAY SUITE 2000, DENVER, CO, 802025704
NTEE Category
Code: L21 - Housing
If you are a representative of Assisi Homes - Lasalle Manor Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.