Overview
What is Lms Capital Incorporated?
Lms Capital Incorporated is a nonprofit organization situated in Alta Loma, California, with an address at 8780 19th Street. Their primary mission is to offer residential assisted living facilities for individuals in need. Due to the COVID-19 pandemic, the operational launch of their facility was delayed, as seniors, who are at a higher risk, were advised to stay home. Furthermore, the certification process for the organization's president was also postponed. Despite these challenges, the nonprofit obtained a property intended for their residential assisted living mission, but realized that the pandemic would further delay using the property for this purpose. As a temporary solution, they have chosen to rent the property to help cover the costs associated with holding it.
Is Lms Capital Incorporated legitimate?
Lms Capital Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lms Capital Incorporated 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 Lms Capital Incorporated?
Lms Capital Incorporated's mission is centered around providing residential assisted living for individuals in need. They aim to offer a supportive living environment for these individuals, operating under this mission statement. Due to the COVID-19 pandemic, the operation of their residential assisted living facility was delayed, as seniors, a primary demographic, were at high risk. Additionally, the certification process for the facility president was also affected by the pandemic. Despite these challenges, Lms Capital Incorporated had obtained a property for their residential assisted living mission. However, recognizing the delay caused by the pandemic, they decided to temporarily rent out the property to help cover the costs of holding it, while they await the chance to utilize it for its intended purpose.
What is the revenue of Lms Capital Incorporated?
Lms Capital Incorporated's revenue in 2023 was -$199.
Who are the executives of Lms Capital Incorporated and what are their salaries?
There 2 volunteers at Lms Capital Incorporated.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Lms Capital Incorporated?
Lms Capital Incorporated's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Lms Capital Incorporated
Lms Capital Incorporated is committed to providing residential assisted living for individuals in need. This mission is centered around creating a supportive environment for those requiring such care. Due to the COVID-19 pandemic, the operational timeline for this mission was significantly impacted. The high risk associated with seniors made it challenging to proceed with the establishment of the residential assisted living facility. Consequently, the certification process for the organization's president, a prerequisite for running such a facility, was also delayed.
Despite the challenges posed by the pandemic, Lms Capital Incorporated did not abandon its mission. They found a temporary solution by renting out a property they had acquired for this purpose. This temporary arrangement helps in managing the costs associated with holding the property, enabling them to continue their mission of providing residential assisted living eventually. The organization's dedication to this mission, even in the face of adversity, underscores its commitment to serving the community and ensuring the well-being of those in need of residential assisted living.
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Impact
October, 2024
Lms Capital Incorporated is dedicated to addressing the critical need for residential assisted living services, particularly for vulnerable populations such as seniors. The organization aims to create a supportive environment that provides necessary care and assistance to individuals who otherwise may struggle with daily living tasks.
The impact of Lms Capital is particularly noteworthy given the challenges posed by the COVID-19 pandemic. The pandemic not only heightened the risks for senior populations but also caused significant delays in the establishment of their facility and the essential certification process for its president. Despite these hurdles, the organization has proactively adapted by temporarily renting the property intended for assisted living. This decision reflects a commitment to sustainability and resource management, ensuring that they can maintain the property and prepare for future operations.
By focusing on residential assisted living, Lms Capital is poised to improve the quality of life for many seniors in Alta Loma, California, and beyond. Their mission directly contributes to enhancing housing options and support for those in need, emphasizing the importance of care, dignity, and community for elderly individuals during a time when they are most at risk.
This information is meant to be a general summary of Lms Capital Incorporated. 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.
- Gross Receipts: $7,470
Assets and Liabilities:
- Total Assets: $617,121
- Total Liabilities: $31,141
- Net Assets: $585,980
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Organization Details
Founding Year
2020
Principal Officer
Aileen Adilukito
NTEE Category
Code: L40 - Housing
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