Overview
What is Lake County Community Housing?
Lake County Community Housing is a nonprofit organization situated in Ronan, Montana. With a small team of five dedicated individuals, their primary mission is to provide decent and affordable housing options for low-income residents living in the Lake County area. They achieve this goal by developing new housing, subsidizing existing ones, or restoring existing homes to make them accessible for lower-income individuals. This initiative aims to contribute positively to the community by ensuring that everyone has a suitable living space, thereby enhancing their overall quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%
Lake County Community Housing has achieved a Four-Star out of Four Star rating, reflecting its strong performance in accountability and finance. The organization scores highly with a 90% in their overall rating, indicating robust fiscal responsibility and effective management practices. Key strengths include a fully independent board, comprehensive audit oversight, and excellent ratios related to liabilities and program expenses.
The organization boasts full compliance in governance policies, with a 100% independent board and effective conflict of interest and document retention policies. Additionally, their program expense ratio is commendable at 75.05%, suggesting that a significant portion of their funding is directed towards their mission-driven activities, benefiting the community they serve.
Despite the positive ratings, it's essential to acknowledge that while the financial metrics are strong, ongoing community engagement and program effectiveness evaluations would further enhance transparency and accountability. Overall, Lake County Community Housing demonstrates a solid commitment to its mission and responsible stewardship of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Lake County Community Housing legitimate?
Lake County Community Housing is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake County Community Housing 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: $81,393
Professional Fundraising Fees: $0
Other Salaries and Wages: $89,964
For more financial information, click here
What is the mission statement of Lake County Community Housing?
Lake County Community Housing, as an organization, is committed to providing decent and affordable housing for low-income residents in the specified area. They achieve this mission by engaging in various activities such as developing new housing units, subsidizing existing properties, and restoring existing housing structures. The primary goal is to make housing options accessible to individuals with lower income levels. By doing so, Lake County Community Housing contributes to improving the living conditions of these individuals, thereby enhancing their overall quality of life.
What is the revenue of Lake County Community Housing?
Lake County Community Housing's revenue in 2023 was $530,991.
Who are the executives of Lake County Community Housing and what are their salaries?
The average compensation at Lake County Community Housing during 2023 was $34,271. There are 5 employees at Lake County Community Housing.
Here are 7 key members and their salaries:
- Compensation: $81,393
- 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
Where can I find the form 990 for Lake County Community Housing?
Lake County Community Housing's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Lake County Community Housing
Lake County Community Housing, a non-profit organization, is dedicated to providing decent and affordable housing solutions for low-income residents in the area. Their mission is accomplished through the development, subsidization, or restoration of existing housing units, making them available for lower income individuals. By doing so, Lake County Community Housing aims to contribute to the well-being of its community by ensuring that everyone has access to a suitable living environment, regardless of their financial situation.
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Impact
July, 2024
Lake County Community Housing's impact is evident in the improvement of living conditions for low-income residents in the Lake County area. By providing decent and affordable housing options through the development, subsidizing, and restoration of existing housing, they are addressing a critical need in the community. Their efforts contribute to the stability and well-being of lower-income individuals by ensuring they have access to safe and affordable housing options. Through their work, Lake County Community Housing is making a positive difference in the lives of those in need in the area.
This information is meant to be a general summary of Lake County Community Housing. 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.
- Investment Income: $610
- Program Service Revenue: $340,789
- Gross Receipts: $530,991
Assets and Liabilities:
- Total Assets: $4,240,022
- Total Liabilities: $1,925,769
- Net Assets: $2,314,253
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Low Income Rental Mgmt
Revenue
$126,805
Rental Income
Revenue
$89,833
Tenant Services
Revenue
$124,151
Organization Details
Principal Officer
Ramonda Addington
NTEE Category
Code: L20 - Housing
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