Overview
What is Libby Creek Community Inc?
Libby Creek Community Inc is a nonprofit organization, established with a mission to provide an affordable living solution for low- and moderate-income families and individuals. Located in LIBBY, Montana, the organization operates a resident-owned manufactured housing community. Its primary focus is to acquire, build, operate, and maintain these housing units in a manufactured housing park, along with related services. The organization aims to keep the costs of rent under control, ensuring the community's preservation for both current and future homeowners. By doing so, Libby Creek Community Inc seeks to provide a sustainable and long-term housing opportunity for its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
Libby Creek Community Inc has received a Three-Star rating from Charity Navigator, indicating a decent level of accountability and financial health. The rating is derived solely from its Accountability & Finance score, reflecting strong governance practices, including a fully independent board and effective conflict of interest and whistleblower policies.
The organization excels in its program expense ratio, with 92.43% of its expenses dedicated to its programs, showcasing a commitment to its mission. However, a significant area of concern is its liabilities to assets ratio, which stands at 101.33%, raising questions about financial stability and sustainability. This indicates that the organization may have more liabilities than assets, potentially affecting its long-term viability.
Overall, while Libby Creek Community Inc demonstrates strong governance and a commendable approach to program spending, stakeholders should be mindful of its financial health as reflected in its liabilities. Maintaining transparency and addressing financial challenges will be crucial for its continued operation and effectiveness in serving the community.
This AI summary has been generated from information found on Charity Navigator.
Is Libby Creek Community Inc legitimate?
Libby Creek Community Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Libby Creek Community 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 Libby Creek Community Inc?
Libby Creek Community Inc, established on a non-profit basis, aims to provide affordable manufactured housing and associated services to its current and future homeowners. The organization's primary objective is to control rental costs, safeguard the community for the benefit of its residents, and ensure it remains affordable in the long term for low- and moderate-income individuals and families. By owning and operating a resident-owned manufactured housing community, Libby Creek Community Inc contributes to the housing opportunities of its consumers, striving to maintain a viable and cost-effective living environment for its community members.
Who is the CEO of Libby Creek Community Inc?
Barb Bondurant is the President of Libby Creek Community Inc.
What is the revenue of Libby Creek Community Inc?
Libby Creek Community Inc's revenue in 2023 was $63,496.
Who are the executives of Libby Creek Community Inc and what are their salaries?
There 3 volunteers at Libby Creek Community Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Libby Creek Community Inc?
Libby Creek Community Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Libby Creek Community Inc
Libby Creek Community Inc, established as a nonprofit organization, aims to acquire, produce, build, operate, and distribute manufactured housing in a manufactured housing park, primarily benefiting the current and future homeowners of the community. This group's objectives are multifaceted, including controlling rental costs, preserving the community for the current and future homeowners, and ensuring its affordability in the long term for low and moderate-income individuals and families. The organization's mission is to provide a housing opportunity that is both publicly and privately recognized as beneficial, while prioritizing the needs of the homeowners who reside within the manufactured housing community.
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Impact
August, 2024
Libby Creek Community Inc's impact is centered around providing affordable housing opportunities for low and moderate-income individuals and families in Libby, Montana. By owning and operating a resident-owned manufactured housing community, the organization aims to gain control of rental costs, preserve the community for current and future homeowners, and maintain long-term affordability. This initiative not only benefits the residents by offering stable housing options but also contributes to the overall community development by promoting sustainable and affordable housing solutions.
This information is meant to be a general summary of Libby Creek Community 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 2023.
- Program Service Revenue: $63,496
- Gross Receipts: $63,496
Assets and Liabilities:
- Total Assets: $386,485
- Total Liabilities: $391,640
- Net Assets: -$5,155
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MOBILE HOME LOT RENT
Revenue
$63,496
Organization Details
Founding Year
2018
Phone
(406) 291-9539Principal Officer
Barb Bondurant
Main Address
34561 US HWY 2, LIBBY, MT, 59923
NTEE Category
Code: L99 - Housing
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