Overview
What is Lake Woods Senior Housing Association Of Snohomish County?
Lake Woods Senior Housing Association of Snohomish County is a nonprofit organization that focuses on providing housing solutions for low-income elderly individuals. Situated in Snohomish County, they manage a 60-unit HUD Section 202 apartment building, with 59 units earmarked for this specific demographic. These residents are eligible for HUD rent subsidies, ensuring affordability. The organization's mission revolves around offering housing, thereby contributing to the well-being and comfort of the elderly population in the area, within their financial means.
Official website here: www,evha.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85%, Three-Star out of Four Star rating.
Lake Woods Senior Housing Association of Snohomish County has received an overall score of 85%, indicating a strong performance in accountability and finance. This score reflects the organization’s commitment to transparency and responsible financial management, as evidenced by its high marks across various metrics, including a 100% independent board and no material diversion of assets.
The organization demonstrates a solid commitment to governance, with all board members being independent and several key policies, such as conflict of interest and whistleblower policies, in place. Additionally, the program expense ratio of 87.36% suggests that a significant portion of its funds is directed towards its programs, which is a positive indicator for stakeholders and beneficiaries alike.
However, it is important to note that the rating is solely based on accountability and finance, and there may be other factors affecting the overall impact of the organization that are not captured in this rating. Future evaluations could provide a more comprehensive view of its effectiveness in delivering services to the community.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Woods Senior Housing Association Of Snohomish County legitimate?
Lake Woods Senior Housing Association Of Snohomish County is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Woods Senior Housing Association Of Snohomish County 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: $86,363
For more financial information, click here
Official website here: www,evha.org
What is the mission statement of Lake Woods Senior Housing Association Of Snohomish County?
Lake Woods Senior Housing Association of Snohomish County is committed to providing housing for low-income elderly individuals. They achieve this through the operation of a 60-unit HUD Section 202 apartment building, which contains 59 units specifically designed for this demographic. These residents are eligible for HUD rent subsidies, enabling them to afford housing. The organization's mission is to make housing accessible to this vulnerable group, ensuring they can live with dignity and independence.
Official website here: www,evha.org
Who is the CEO of Lake Woods Senior Housing Association Of Snohomish County?
Carol Wheeler is the President/Chair of Lake Woods Senior Housing Association Of Snohomish County.
Official website here: www,evha.org
What is the revenue of Lake Woods Senior Housing Association Of Snohomish County?
Lake Woods Senior Housing Association Of Snohomish County's revenue in 2022 was $828,880.
Official website here: www,evha.org
Who are the executives of Lake Woods Senior Housing Association Of Snohomish County and what are their salaries?
There 6 volunteers at Lake Woods Senior Housing Association Of Snohomish County.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $255,737
- Other: $47,331
Official website here: www,evha.org
Where can I find the form 990 for Lake Woods Senior Housing Association Of Snohomish County?
Lake Woods Senior Housing Association Of Snohomish County's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www,evha.org
Learn more at the official website: www,evha.org
Mission Statement of Lake Woods Senior Housing Association Of Snohomish County
Lake Woods Senior Housing Association of Snohomish County is dedicated to providing housing solutions for low-income elderly residents. This nonprofit organization operates a 60-unit apartment building, funded by HUD Section 202, which offers 59 units specifically designed for this demographic. These units are eligible for HUD rent subsidies, making it more affordable for eligible elderly individuals to secure a place to live. In essence, Lake Woods Senior Housing Association of Snohomish County serves as a vital resource, ensuring that low-income elderly residents have access to safe and affordable housing.
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Impact
July, 2024
Lake Woods Senior Housing Association Of Snohomish County's impact lies in providing essential housing for low-income elderly residents in Everett, WA. Through its 60-unit HUD Section 202 apartment building, the organization offers a critical resource for the community's elderly population in need. By designating 59 units specifically for low-income elderly residents eligible for HUD rent subsidies, Lake Woods Senior Housing Association plays a vital role in supporting the housing needs of this vulnerable demographic.
This information is meant to be a general summary of Lake Woods Senior Housing Association Of Snohomish County. 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: $768
- Program Service Revenue: $165,942
- Gross Receipts: $828,880
Assets and Liabilities:
- Total Assets: $1,609,705
- Total Liabilities: $40,883
- Net Assets: $1,568,822
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT & RELATED
Revenue
$165,942
Organization Details
Founding Year
1991
Phone
(425) 303-1101Principal Officer
Carol Wheeler
Main Address
3107 COLBY AVENUE, EVERETT, WA, 98201
Website
www,evha.orgNTEE Category
Code: Z99Z - Unknown
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