Overview
What is Louie Street Apartments Inc?
Louie Street Apartments Inc is a nonprofit organization situated in Lake Charles, Louisiana. Its primary mission is to offer housing solutions for individuals with developmental disabilities, following the provisions of Section 811 of the National Housing Act. The organization manages a complex consisting of 20 rental units, alongside a separate unit designated for the on-site manager. By providing affordable and accessible housing, Louie Street Apartments Inc aims to enhance the quality of life for individuals with developmental disabilities, promoting their overall well-being and independence.
Official website here: www.carc.us
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 61%)
Louie Street Apartments Inc has received a rating of "Needs Improvement" from Charity Navigator, reflecting an overall score of 61%. The organization demonstrates strong accountability and finance practices, achieving full points in areas such as independent board members and program expense ratio. However, the low score in the liabilities to assets ratio indicates potential financial vulnerabilities that warrant attention.
The nonprofit has a solid foundation with a majority of independent board members and well-documented board meeting minutes, which are positive indicators of governance. However, the absence of essential policies such as a conflict of interest policy and a whistleblower policy raises concerns about its internal controls and ethical standards. These gaps could undermine stakeholder trust and the organization's overall transparency.
In summary, while Louie Street Apartments Inc shows strengths in governance and program expenses, it faces significant challenges in financial management and policy adherence. Addressing these limitations could enhance its rating and overall effectiveness in serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Louie Street Apartments Inc legitimate?
Louie Street Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Louie Street Apartments 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: $36,178
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Official website here: www.carc.us
What is the mission statement of Louie Street Apartments Inc?
Louie Street Apartments Inc is committed to providing housing for individuals with developmental disabilities, in accordance with Section 811 of the National Housing Act. The organization operates a complex consisting of 20 rental units, as well as an additional unit for a manager. Their mission is centered around offering suitable living spaces for individuals with developmental disabilities, aiming to enhance their quality of life and promote independence.
Official website here: www.carc.us
Who is the CEO of Louie Street Apartments Inc?
Same As Above is the Principal Officer of Louie Street Apartments Inc.
Official website here: www.carc.us
What is the revenue of Louie Street Apartments Inc?
Louie Street Apartments Inc's revenue in 2022 was $152,284.
Official website here: www.carc.us
Who are the executives of Louie Street Apartments Inc and what are their salaries?
Here are 13 key members and their salaries:
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Official website here: www.carc.us
Where can I find the form 990 for Louie Street Apartments Inc?
Louie Street Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.carc.us
Learn more at the official website: www.carc.us
Mission Statement of Louie Street Apartments Inc
Louie Street Apartments Inc, as a nonprofit organization, is committed to providing housing for individuals who are developmentally disabled. This is done under the provisions of Section 811 of the National Housing Act. The organization operates a complex that comprises 20 rental units, in addition to a unit for the on-site manager. By offering affordable housing, Louie Street Apartments Inc aims to enhance the quality of life for these individuals, providing them with a safe and supportive living environment. The organization's mission is rooted in the belief that everyone deserves a place to call home, regardless of their abilities, and Louie Street Apartments Inc is dedicated to making this a reality for the developmentally disabled community.
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Impact
October, 2024
Louie Street Apartments Inc significantly enhances the quality of life for developmentally disabled persons by providing stable and accessible housing options. The organization operates a dedicated apartment complex that includes 20 rental units specifically designed to meet the needs of this population. By adhering to the provisions of Section 811 of the National Housing Act, Louie Street Apartments Inc ensures that residents have access to safe and affordable housing tailored to their requirements.
This housing initiative fosters independence and community integration for individuals with developmental disabilities, allowing them to live in a supportive environment. Additionally, the presence of a manager on-site helps maintain a secure and welcoming community atmosphere, facilitating resident engagement and support. By addressing a critical need in Lake Charles, Louisiana, Louie Street Apartments Inc plays a vital role in promoting inclusivity and enhancing the overall well-being of its residents.
This information is meant to be a general summary of Louie Street Apartments 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: $149,738
- Gross Receipts: $152,284
Assets and Liabilities:
- Total Assets: $1,459,875
- Total Liabilities: $1,396,772
- Net Assets: $63,103
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOUSING ASSISTANCE PMT
Revenue
$70,569
TENANT RENT
Revenue
$59,009
UTILITY ALLOWANCE
Revenue
$12,509
Organization Details
Founding Year
2003
Phone
(337) 433-3620Principal Officer
Same As Above
Main Address
4100 J BENNETT JOHNSTON AVENUE, LAKE CHARLES, LA, 70615
Website
www.carc.usNTEE Category
Code: L20 - Housing
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