Overview
What is Lchs Foundaton Inc?
Lchs Foundaton Inc is a nonprofit organization situated in Livingston, California, with a primary mission to support and benefit Livingston Community Health. They achieve this by acquiring, developing, owning, operating, and leasing property to the health organization. A notable achievement of Lchs Foundaton Inc is financing the construction of a 40,000-square-foot medical campus for Livingston Community Health using a mix of New Market Tax Credits and loans from private investors. Completed in 2019, the organization subsequently leased this state-of-the-art facility to Livingston Community Health, which provides professional medical services to the local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Lchs Foundation Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The score is primarily based on the accountability and finance beacon, which reflects the organization's commitment to transparency and responsible financial management. Key strengths include a fully independent board, effective oversight through an audit committee, and a strong program expense ratio of 83.01%, showing that the majority of its funds are directed towards its programs.
The organization excels in various areas of governance, including having no material diversion of assets, and maintaining comprehensive conflict of interest and whistleblower policies. Additionally, it documents board meeting minutes, which contributes to its overall accountability. However, the liabilities to assets ratio is notably low at 91.88%, which may raise concerns regarding its financial stability and capacity to manage debts effectively.
Overall, Lchs Foundation Inc demonstrates a commitment to accountability and transparency, although potential donors might consider its financial liabilities when evaluating the organization's long-term sustainability. The combination of high program expenditure and governance practices indicates a well-structured nonprofit, making it a worthy candidate for support.
This AI summary has been generated from information found on Charity Navigator.
Is Lchs Foundaton Inc legitimate?
Lchs Foundaton Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lchs Foundaton 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: $0
For more financial information, click here
What is the mission statement of Lchs Foundaton Inc?
Lchs Foundation Inc's mission is centered around exclusively benefiting and supporting a healthcare organization, providing professional medical services to the public within a specific area. The foundation achieves this by acquiring, developing, owning, operating, and leasing property to this healthcare organization. In this case, the foundation played a crucial role in financing the construction of a 40,000-square-foot medical campus for the healthcare organization. This was accomplished through the use of New Market Tax Credits and loans from private investors. Post-construction, the foundation leased the medical campus to the healthcare organization.
Who is the CEO of Lchs Foundaton Inc?
Leslie Abasta-Cummings is the Ceo of Lchs Foundaton Inc. The CEO's salary of Lchs Foundaton Inc is $0 and their total compensation is $0.
What is the revenue of Lchs Foundaton Inc?
Lchs Foundaton Inc's revenue in 2022 was $1,077,015.
Who are the executives of Lchs Foundaton Inc and what are their salaries?
There 5 volunteers at Lchs Foundaton Inc.
Here are 7 key members and their salaries (Lchs Foundaton Inc's CEO's salary is $0 and their total compensation is $0):
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Where can I find the form 990 for Lchs Foundaton Inc?
Lchs Foundaton Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lchs Foundaton Inc
Lchs Foundation Inc is committed to exclusively benefiting and supporting Livingston Community Health, an organization that provides professional medical services to the public within Livingston, California. The foundation's mission is to aid Livingston Community Health in its mission by acquiring, developing, owning, operating, and leasing property. In simple terms, Lchs Foundation Inc serves as a financial backbone, facilitating the expansion and improvement of medical facilities for the benefit of the community it serves.
The foundation's efforts culminated in the construction of a 40,000-square-foot medical campus for Livingston Community Health. This project was made possible through a combination of New Market Tax Credits and loans from private investors. The completion of the construction in spring 2019 marked a significant milestone, providing Livingston Community Health with a modern and expansive facility to deliver healthcare services to the community. Since then, Lchs Foundation Inc has leased the medical campus to Livingston Community Health, ensuring the continuous provision of professional medical services to the public within the Livingston area.
In essence, Lchs Foundation Inc plays a crucial role in supporting Livingston Community Health, enabling the organization to provide high-quality medical services to the community. By financing the construction of medical facilities and leasing them to Livingston Community Health, Lchs Foundation Inc contributes to the overall well-being of the community, making healthcare more accessible and affordable for all.
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Impact
July, 2024
Lchs Foundation Inc's impact lies in its crucial role in financing the construction of a 40,000-square-foot medical campus for Livingston Community Health in Livingston, California. This initiative has significantly enhanced access to professional medical services for the public in the area. The completion of the new campus in Spring 2019 marked a milestone in improving healthcare infrastructure in the community. By acquiring, developing, owning, operating, and leasing property to Livingston Community Health, Lchs Foundation Inc has played a vital part in supporting the organization's mission of providing essential healthcare services to the residents of Livingston and the surrounding areas.
This information is meant to be a general summary of Lchs Foundaton 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: $993,952
- Gross Receipts: $1,077,015
Assets and Liabilities:
- Total Assets: $19,152,652
- Total Liabilities: $17,308,102
- Net Assets: $1,844,550
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MISCELLANEOUS INCOME
Revenue
$335
RENTAL INCOME
Revenue
$993,617
Organization Details
Founding Year
2017
Phone
(209) 850-3500Principal Officer
Leslie Abasta-Cummings
Main Address
600 B STREET BLDG A, LIVINGSTON, CA, 95334
NTEE Category
Code: L11 - Housing
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