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Lake Senior Housing Corp

Lake Commons Apartments

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 810612142 ✦ Canton, OH ✦ Designated as a 501(c)(3)

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Overview

What is Lake Senior Housing Corp?

Lake Senior Housing Corp, a nonprofit organization based in Canton, Ohio, is primarily dedicated to providing affordable housing for elderly individuals. Operating under Section 202 of the National Housing Act, the corporation manages Lake Commons Apartments, a 28-unit housing facility located in the same city. Established with charitable purposes, Lake Senior Housing Corp's mission is to offer low-income living spaces to senior residents, ensuring they have a secure and comfortable living environment.

Is Lake Senior Housing Corp legitimate?

Lake Senior Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Senior Housing Corp 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: $0

For more financial information, click here

What is the mission statement of Lake Senior Housing Corp?

Lake Senior Housing Corp, a nonprofit organization, is dedicated to providing low-income housing for elderly individuals. Operating under the provisions of the National Housing Act, the corporation owns and maintains a housing facility for the elderly and/or disabled. Their sole operation is Lake Commons Apartments, a 28-unit housing facility. The mission of Lake Senior Housing Corp is to offer a living space for those in need, ensuring they can age with dignity and security. The corporation strives to make housing accessible for elderly individuals who may be financially challenged, providing them with a safe and comfortable environment.

Who is the CEO of Lake Senior Housing Corp?

Matthew Bailey is the President of Lake Senior Housing Corp.

What is the revenue of Lake Senior Housing Corp?

Lake Senior Housing Corp's revenue in 2022 was $252,170.

Who are the executives of Lake Senior Housing Corp and what are their salaries?

There 1 volunteer at Lake Senior Housing Corp.


There is 1 key member and their salary:


Matthew Bailey (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Lake Senior Housing Corp?

Lake Senior Housing Corp's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Lake Senior Housing Corp

Lake Senior Housing Corp, a charitable organization, is dedicated to providing low-income housing for elderly individuals. With a focus on affordability and accessibility, this nonprofit corporation operates and maintains a housing facility that caters specifically to the elderly and those with disabilities. Operating under the provisions of Section 202 of the National Housing Act, Lake Senior Housing Corp's sole operation is Lake Commons Apartments, a 28-unit housing facility situated in Canton, Ohio. This nonprofit organization plays a vital role in ensuring that the elderly have a secure and comfortable living environment, providing them with a sense of community and support.

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Impact




October, 2024

Lake Senior Housing Corp has a significant impact on the community by providing low-income housing specifically tailored for elderly individuals. By owning and operating Lake Commons Apartments, a 28-unit facility in Canton, Ohio, the organization ensures that elderly and handicapped residents have access to safe and affordable living options.

The facility is designed to address the unique needs of seniors, creating an environment where they can maintain their independence while receiving necessary support. By operating under the provisions of Section 202 of the National Housing Act, Lake Senior Housing Corp not only meets housing demands but also contributes to the overall well-being of its residents.

The organization plays a crucial role in alleviating housing insecurity among the elderly population in Canton, helping to foster a sense of community and belonging. Through its dedicated efforts, Lake Senior Housing Corp enriches the lives of its residents by providing a stable home where they can thrive.




This information is meant to be a general summary of Lake Senior Housing Corp. 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.

Revenue
$252,170 (2022)
Expenses
$326,210 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $219
  • Program Service Revenue: $123,440
  • Gross Receipts: $252,170

Assets and Liabilities:

  • Total Assets: $2,165,174
  • Total Liabilities: $2,361,429
  • Net Assets: -$196,255

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL REVENUE

Revenue

$123,440

Organization Details

Founding Year

2006

Principal Officer

Matthew Bailey

Main Address

400 EAST TUSCARAWAS STREET, CANTON, OH, 44702

NTEE Category

Code: L20 - Housing

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