Overview
What is South Lincoln Apartments Inc?
South Lincoln Apartments Inc is a nonprofit organization situated in Waldport, Oregon. With a focus on senior citizens, they manage a 50-unit apartment complex, providing affordable housing options. Their mission revolves around offering low-cost accommodations to this specific demographic, enhancing their quality of life in the community.
Is South Lincoln Apartments Inc legitimate?
South Lincoln Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. South Lincoln Apartments 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: $62,324
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What is the mission statement of South Lincoln Apartments Inc?
South Lincoln Apartments Inc's mission is centered around operating a 50-unit apartment complex, providing affordable housing for senior citizens. This organization is committed to making housing accessible and cost-effective for this particular demographic, ensuring they can live comfortably. The complex serves as a residential solution, catering specifically to the needs of retired individuals. The mission does not specify any additional services or programs, but its primary focus is on offering affordable housing.
Who is the CEO of South Lincoln Apartments Inc?
Vanita Sorensen is the Board President of South Lincoln Apartments Inc.
What is the revenue of South Lincoln Apartments Inc?
South Lincoln Apartments Inc's revenue in 2022 was $458,248.
Who are the executives of South Lincoln Apartments Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for South Lincoln Apartments Inc?
South Lincoln Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of South Lincoln Apartments Inc
South Lincoln Apartments Inc is committed to operating a 50-unit apartment complex with the primary goal of providing affordable housing for senior citizens. The organization's mission is to ensure that senior citizens have access to low-cost housing options, thereby contributing to their overall well-being. This 50-unit apartment complex, located somewhere, serves as a sanctuary for elderly individuals, offering them a living space that is both affordable and suitable for their needs. By providing this service, South Lincoln Apartments Inc contributes to the community by ensuring that senior citizens have a safe and affordable place to call home.
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Impact
October, 2024
South Lincoln Apartments Inc plays a vital role in providing accessible housing solutions for senior citizens in Waldport, Oregon. By operating a 50-unit apartment complex, the organization addresses the pressing need for low-cost and affordable housing tailored specifically for retirees. This initiative not only fosters a sense of community among seniors but also contributes to their overall well-being by ensuring they have safe and stable living conditions. The availability of affordable housing options helps reduce financial stress for many seniors, allowing them to maintain their independence and dignity in their later years. Through its commitment to meeting the housing needs of the elderly, South Lincoln Apartments Inc positively impacts the quality of life for its residents.
This information is meant to be a general summary of South Lincoln Apartments 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: $29
- Program Service Revenue: $458,219
- Gross Receipts: $458,248
Assets and Liabilities:
- Total Assets: $631,561
- Total Liabilities: $825,966
- Net Assets: -$194,405
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RURAL RENTAL ASSISTANC
Revenue
$295,432
PROG. SERV. REVENUE-RE
Revenue
$162,787
Organization Details
Founding Year
1983
Phone
(541) 435-7117Principal Officer
Vanita Sorensen
Main Address
PO BOX 856, WALDPORT, OR, 97394
NTEE Category
Code: L22 - Housing
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