Overview
What is Lydia's House Inc?
Lydia's House Inc is a compassionate nonprofit organization located in Cincinnati, Ohio. Their primary objective is to offer temporary housing and supportive services to homeless women and children, helping them transition into stable living situations. The nonprofit provides a nurturing environment for its residents, providing them with job skills training, financial resource management, and educational opportunities. Residents are encouraged to support one another through shared meals and in-house learning sessions. Lydia's House Inc also offers ongoing support to its residents after they move into permanent housing, including housing provided by the organization itself. The organization employs a dedicated team of seven individuals to facilitate this mission.
Official website here: www.stlydiashouse.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star Rating
Lydia's House Inc has achieved an impressive Four-Star rating from Charity Navigator, signifying a high level of accountability and financial transparency. The organization scored 96% overall, with the score derived entirely from its Accountability & Finance metrics. The ratings reflect a strong commitment to best practices, including having a fully independent board and comprehensive policies that ensure ethical governance and financial oversight.
Significant strengths noted in the data include a perfect score in various categories such as the majority of independent board members, conflict of interest policy, and audit oversight. The program expense ratio is notably high at 82.05%, indicating that a substantial portion of its resources is directed toward its mission-related activities rather than administrative costs. This efficiency suggests that Lydia's House Inc is effectively utilizing its funds to support its programs.
The organization did not report any material diversion of assets and has strong financial health, as evidenced by its liabilities to assets ratio of 12%. These factors collectively contribute to a transparent operational framework that fosters trust among donors and stakeholders. Overall, Lydia's House Inc exemplifies a well-managed nonprofit dedicated to its cause.
This AI summary has been generated from information found on Charity Navigator.
Is Lydia's House Inc legitimate?
Lydia's House Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lydia's House 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: $55,231
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.stlydiashouse.org
What is the mission statement of Lydia's House Inc?
Lydia's House Inc is committed to providing safe, stable, and supportive housing for women and children in transition and crisis. The organization invites homeless individuals to stay for a period ranging from one night to six months, offering them an opportunity to gain job skills, secure long-term housing, and manage their finances. Residents are welcomed with warmth and given the chance to share meals and learn from one another. Furthermore, Lydia's House provides support beyond their stay, helping residents transition into permanent housing and maintain their progress.
Official website here: www.stlydiashouse.org
Who is the CEO of Lydia's House Inc?
Molly Russell is the Co-Director of Lydia's House Inc.
Official website here: www.stlydiashouse.org
What is the revenue of Lydia's House Inc?
Lydia's House Inc's revenue in 2022 was $673,592.
Official website here: www.stlydiashouse.org
Who are the executives of Lydia's House Inc and what are their salaries?
The average compensation at Lydia's House Inc during 2022 was $7,890. There are 7 employees and 30 volunteers at Lydia's House Inc.
Here are 12 key members and their salaries:
- Compensation: $36,175
- Related: $0
- Other: $0
- Compensation: $19,057
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.stlydiashouse.org
Where can I find the form 990 for Lydia's House Inc?
Lydia's House Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.stlydiashouse.org
Learn more at the official website: www.stlydiashouse.org
Mission Statement of Lydia's House Inc
Lydia's House Inc, a nonprofit organization, is committed to providing a safe, stable, and supportive living environment for women and children in transition or crisis. Their mission is to welcome these individuals as honored guests and offer them a temporary home for a period ranging from one night to six months. During their stay, residents are encouraged to develop job skills, secure long-term housing, and manage their financial resources.
Lydia's House Inc goes beyond simply providing shelter. They foster a sense of community among residents, encouraging them to share meals and participate in in-house educational opportunities. This shared experience not only helps residents support one another but also empowers them to build on their accomplishments as they transition into permanent housing. The organization even offers ongoing support to residents who move into housing owned by Lydia's House at 4502 Carter Ave.
In essence, Lydia's House Inc is a refuge for women and children in need, providing them with the necessary resources and support to overcome their current situation and build a stable future. By offering a welcoming environment, job skills training, and ongoing support, Lydia's House Inc plays a vital role in helping individuals in transition reclaim their lives and regain their independence.
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Impact
July, 2024
Lydia's House Inc has a significant impact on the lives of homeless women and children in transition and crisis by providing them with safe, stable, and supportive housing. By offering a welcoming home environment where residents are honored guests, Lydia's House helps individuals gain job skills, secure long-term housing, and conserve their financial resources.
Residents at Lydia's House have the opportunity to strengthen each other through shared meals and educational opportunities, creating a supportive community within the organization. Additionally, Lydia's House continues to offer support to residents even after they transition into permanent housing, ensuring that they can continue to build on their accomplishments and thrive in their new homes.
Overall, Lydia's House Inc's impact extends beyond providing housing and support; it empowers women and children to overcome challenges, build a brighter future, and strengthen their community.
This information is meant to be a general summary of Lydia's House 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.
- Program Service Revenue: $86,100
- Gross Receipts: $673,592
Assets and Liabilities:
- Total Assets: $2,909,490
- Total Liabilities: $406,117
- Net Assets: $2,503,373
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income
Revenue
$85,978
Rsident's Fees
Revenue
$122
Organization Details
Founding Year
2012
Phone
(513) 549-7752Principal Officer
Molly Russell
Main Address
PO Box 128808, Cincinnati, OH, 45212
Website
www.stlydiashouse.orgNTEE Category
Code: L40 - Housing
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