Overview
What is Legacy25 Inc?
Legacy25 Inc is a nonprofit organization situated in Indianapolis, Indiana, specifically at 8250 Dean Road, 46240. Their primary mission is to ensure the availability of safe, decent, and affordable housing for low-income and moderate-income individuals, families, and seniors. They work diligently to foster, promote, develop, and provide such housing, contributing positively to the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 35%
Legacy25 Inc has received a low rating of 35%, resulting in a Zero-Star out of Four Star rating. This score indicates significant concerns regarding the organization's accountability and financial practices. While the nonprofit does have a fully independent board of directors and adheres to certain governance policies, it fails to provide essential financial information, which has heavily impacted its overall score.
The organization demonstrates strengths in board independence and governance policies, such as having a conflict of interest policy in place and maintaining minutes of board meetings. However, the absence of financial statements and other critical documentation on their website raises transparency issues, suggesting that potential donors may lack crucial information needed to assess the organization's financial health and operational effectiveness.
Additionally, Legacy25 Inc has no reported program expenses, which could imply that it is not currently engaging in any meaningful programs or services to fulfill its mission. This lack of transparency and accountability may deter potential supporters who prioritize financial health and program impact when choosing where to donate.
This AI summary has been generated from information found on Charity Navigator.
Is Legacy25 Inc legitimate?
Legacy25 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Legacy25 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 Legacy25 Inc?
Legacy25 Inc is committed to fostering, promoting, developing, and providing safe, decent, and affordable housing for low-income and moderate-income individuals, families, and seniors. Their mission is centered around ensuring that everyone has access to suitable housing, regardless of their income level. The organization works diligently to develop and provide housing solutions that cater to the needs of this specific demographic.
Who is the CEO of Legacy25 Inc?
Ronda Shrewsbury is the President of Legacy25 Inc.
What is the revenue of Legacy25 Inc?
Legacy25 Inc's revenue in 2022 was $1,036,964.
Who are the executives of Legacy25 Inc and what are their salaries?
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 Legacy25 Inc?
Legacy25 Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Legacy25 Inc
Legacy25 Inc, as a nonprofit organization, is dedicated to fostering, promoting, and developing safe, decent, and affordable housing options for low-income and moderate-income individuals, families, and seniors. The primary goal of Legacy25 Inc is to provide housing that caters to the needs of these groups, ensuring they live in an environment that is secure and suitable for their income level. By doing so, Legacy25 Inc contributes to enhancing the quality of life for these individuals and families, enabling them to focus on other aspects of their daily lives.
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Impact
July, 2024
Legacy25 Inc's impact can be seen in the improvement of housing conditions for low-income and moderate-income individuals, families, and seniors. By fostering, promoting, and developing safe, decent, and affordable housing options, Legacy25 Inc is addressing a critical need in the community and helping to ensure that vulnerable populations have access to quality housing. This work contributes to overall community development and supports the well-being of those in need of stable housing opportunities.
This information is meant to be a general summary of Legacy25 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.
- Investment Income: $975,096
- Program Service Revenue: $61,868
- Gross Receipts: $1,036,965
Assets and Liabilities:
- Total Assets: $1,061,004
- Total Liabilities: $0
- Net Assets: $1,061,004
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROG.SERV.REVENUE-RELA
Revenue
$60,122
Organization Details
Founding Year
2018
Phone
(317) 815-5929Principal Officer
Ronda Shrewsbury
Main Address
8250 DEAN ROAD, INDIANAPOLIS, IN, 46240
NTEE Category
Code: L20 - Housing
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