Overview
What is Laramie Senior Housing Inc?
Laramie Senior Housing Inc is a nonprofit organization situated in Laramie, Wyoming, specifically at 404 South 30th Street. Their primary mission is to provide affordable housing for senior and disabled citizens, ensuring they live in a clean, safe, and sanitary environment. This low-income housing initiative is a crucial part of their activity or mission description.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Stars
Laramie Senior Housing Inc has received a three-star rating, indicating a solid level of performance in its accountability and finance practices. The organization has achieved a score of 77% in this category, demonstrating a commitment to responsible financial management and governance. Key strengths include having an entirely independent board and high scores in financial statement audits and program expense ratios.
The organization’s governance structure is robust, with 100% of board members being independent, which enhances transparency and reduces potential conflicts of interest. Additionally, the organization has established comprehensive policies for conflict of interest, whistleblowing, and document retention, which further support its accountability framework.
However, while the rating reflects strong financial health and governance practices, there are no additional scores regarding program effectiveness, which may limit a full understanding of the organization’s impact. Nevertheless, Laramie Senior Housing Inc appears to be effectively managing its resources towards its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Laramie Senior Housing Inc legitimate?
Laramie Senior Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Laramie Senior Housing 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
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What is the mission statement of Laramie Senior Housing Inc?
Laramie Senior Housing Inc's mission is centered around providing a suitable living environment for senior and disabled individuals. The organization strives to offer accommodations that are both decent, safe, and sanitary, enabling these individuals to reside comfortably. Their primary activity involves the provision of affordable housing, ensuring that senior and disabled citizens have access to suitable living spaces within their means.
What is the revenue of Laramie Senior Housing Inc?
Laramie Senior Housing Inc's revenue in 2024 was $835,980.
Who are the executives of Laramie Senior Housing Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Laramie Senior Housing Inc?
Laramie Senior Housing Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Laramie Senior Housing Inc
Laramie Senior Housing Inc, a nonprofit organization, is dedicated to providing a suitable living environment for seniors and individuals with disabilities. Their mission is to ensure that these individuals live in an environment that is both decent, secure, and clean. By offering affordable housing, Laramie Senior Housing Inc strives to make a significant impact on the lives of its residents, allowing them to age with dignity and independence. The organization's primary goal is to create a community where seniors and the disabled can call home, providing them with a sense of safety and security.
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Impact
July, 2024
Laramie Senior Housing Inc provides affordable housing to senior and disabled citizens in Laramie, Wyoming. Their impact lies in offering a decent, safe, and sanitary environment where seniors and disabled individuals can live comfortably. Through their low-income housing initiative, they contribute to addressing the housing needs of vulnerable populations in their community.
This information is meant to be a general summary of Laramie Senior Housing 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 2024.
- Investment Income: $10,231
- Program Service Revenue: $303,548
- Gross Receipts: $971,092
Assets and Liabilities:
- Total Assets: $3,009,771
- Total Liabilities: $2,806,491
- Net Assets: $203,280
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LANDRY SERVICES
Revenue
$4,145
MISCELLANEOUS CHARGES
Revenue
$16,284
TENANT CHARGES
Revenue
$13,337
TENANT RENT NET VACANCIES
Revenue
$269,782
Organization Details
Founding Year
1980
Principal Officer
Mary Spitler
NTEE Category
Code: L22Z - Housing
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