Overview
What is Lcn Title Holding Corporation Nfp?
Lcn Title Holding Corporation Nfp is a nonprofit organization situated in Chicago, Illinois, with an address at 3533 W North Avenue, 60647. Its primary objective is to serve a charitable purpose by holding title to or leasehold interest in property and collecting residential and commercial rental income from that property. The income, after deducting expenses, is then transferred to La Casa Norte, another organization. The property in question is intended for various community-focused projects, such as a housing development and community center, providing supportive housing for formerly homeless individuals, a comprehensive health clinic, a food pantry, a youth drop-in center, and an employment readiness facility.
Official website here: www.lacasanorte.org
Is Lcn Title Holding Corporation Nfp legitimate?
Lcn Title Holding Corporation Nfp is a legitimate nonprofit organization registered as a 501(c)(2) entity. Lcn Title Holding Corporation Nfp 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
Official website here: www.lacasanorte.org
What is the mission statement of Lcn Title Holding Corporation Nfp?
Lcn Title Holding Corporation Nfp operates exclusively for charitable purposes, specifically holding title to or leasehold interest in property and collecting rental income from it. The primary objective is to channel this income, after deducting expenses, to La Casa Norte. The corporation aims to acquire and hold property, secure low-interest rate funds, and construct a project. This project will be leased back to Lcn for use as a housing development and community center, incorporating supportive housing for formerly homeless individuals, a comprehensive health clinic, a food pantry, a youth drop-in center, and an employment readiness facility.
Official website here: www.lacasanorte.org
Who is the CEO of Lcn Title Holding Corporation Nfp?
Larry Mckay is the Executive Director of Lcn Title Holding Corporation Nfp.
Official website here: www.lacasanorte.org
What is the revenue of Lcn Title Holding Corporation Nfp?
Lcn Title Holding Corporation Nfp's revenue in 2022 was $528,360.
Official website here: www.lacasanorte.org
Who are the executives of Lcn Title Holding Corporation Nfp and what are their salaries?
Here are 15 key members and their salaries:
- Compensation: $0
- Related: $181,959
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.lacasanorte.org
Where can I find the form 990 for Lcn Title Holding Corporation Nfp?
Lcn Title Holding Corporation Nfp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lacasanorte.org
Learn more at the official website: www.lacasanorte.org
Mission Statement of Lcn Title Holding Corporation Nfp
Lcn Title Holding Corporation Nfp operates with a charitable purpose, focusing primarily on holding title to or leaseline interest in property. The organization collects rental income from these properties and then proceeds to transfer the income, less expenses, to La Casa Norte. The mission of Lcn Title Holding Corporation Nfp is multifaceted. Initially, the corporation aims to acquire and hold title to property in various locations. Subsequently, it seeks to secure low-interest rate funds, employing contractors for the construction of a project. Once constructed, Lcn Title Holding Corporation Nfp leases the project to Lcn for use as a housing development and community center. This center serves various purposes, including providing supportive housing for formerly homeless individuals, a comprehensive health clinic, a food pantry, a youth drop-in center, and an employment readiness facility. In essence, Lcn Title Holding Corporation Nfp's mission is to leverage property ownership and rental income to support and provide essential services to those in need.
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
October, 2024
LCN Title Holding Corporation Nfp plays a significant role in enhancing community welfare in Chicago, Illinois, by acquiring and managing properties intended for charitable use. Its primary functions include holding title to properties, both residential and commercial, generating rental income, and reinvesting that income into community-focused initiatives.
The corporation is instrumental in supporting La Casa Norte by ensuring a steady flow of resources that can be utilized for housing development and various community services. These services include a supportive housing facility for formerly homeless individuals, comprehensive health clinics, food pantries, youth drop-in centers, and employment readiness programs. This multifaceted approach addresses critical community needs, fostering both stability and growth in the neighborhoods served.
By securing low-interest funding and overseeing the construction of necessary projects, LCN Title Holding Corporation Nfp not only develops physical spaces but also nurtures an environment of opportunity and support. The corporation effectively transforms real estate into vital community resources, thereby contributing to the overall improvement of quality of life for residents.
This information is meant to be a general summary of Lcn Title Holding Corporation Nfp. 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: $53
- Program Service Revenue: $528,307
- Gross Receipts: $528,360
Assets and Liabilities:
- Total Assets: $19,085,178
- Total Liabilities: $18,376,019
- Net Assets: $709,159
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.
RENTAL INCOME
Revenue
$528,307
Organization Details
Founding Year
2016
Phone
(773) 276-4900Principal Officer
Larry Mckay
Main Address
3533 W NORTH AVENUE, CHICAGO, IL, 60647
Website
www.lacasanorte.orgNTEE Category
Code: S47 - Community improvement
If you are a representative of Lcn Title Holding Corporation Nfp 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.