Overview
What is Lakeside Gardens Inc?
Lakeside Gardens Inc is a nonprofit organization situated in Pasadena, California, with a postal address of PO Box 7070. Their primary mission is to provide affordable housing for the elderly with limited income, operating an apartment complex comprising 85 units, as recognized by HUD Project #129-44803. The organization's commitment to this cause employs a team of five individuals, ensuring the well-being and support of its elderly tenants.
Is Lakeside Gardens Inc legitimate?
Lakeside Gardens Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lakeside Gardens 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: $305,607
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What is the mission statement of Lakeside Gardens Inc?
Lakeside Gardens Inc is dedicated to serving the elderly community by operating an apartment complex consisting of 85 units, providing affordable housing options for individuals with low income. The primary mission of the organization is to cater to the housing needs of the elderly population, ensuring they have a suitable living space. The U.S. Department of Housing and Urban Development (HUD) supports this project under the project number 129-44803. This housing complex provides a secure and comfortable living environment for elderly tenants, promoting their well-being and independence.
What is the revenue of Lakeside Gardens Inc?
Lakeside Gardens Inc's revenue in 2023 was $1,130,514.
Who are the executives of Lakeside Gardens Inc and what are their salaries?
The average compensation at Lakeside Gardens Inc during 2023 was $61,121. There are 5 employees and 9 volunteers at Lakeside Gardens Inc.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Lakeside Gardens Inc?
Lakeside Gardens Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Lakeside Gardens Inc
Lakeside Gardens Inc is an organization dedicated to providing affordable housing for elderly individuals living on low incomes. Their mission is to operate an apartment complex, comprising 85 units, specifically designed for this demographic. This housing project, identified as H.U.D. PROJECT #129-44803, serves as a vital living space for elderly tenants, ensuring they have access to suitable and affordable accommodations. By operating this apartment complex, Lakeside Gardens Inc contributes to the well-being and comfort of the elderly community, enabling them to maintain their independence and dignity while living in a secure and supportive environment.
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Impact
October, 2024
Lakeside Gardens Inc significantly contributes to the community by providing 85 units of low-income housing specifically designed for elderly tenants. This initiative addresses a vital need for affordable housing options, ensuring that seniors can find a safe and secure place to live. By operating under the HUD Project #129-44803, Lakeside Gardens Inc not only supports the welfare of low-income elderly individuals in Pasadena, CA, but also fosters a sense of community and belonging among its residents. The availability of stable housing can lead to improved quality of life, better health outcomes, and increased independence for these seniors. Overall, Lakeside Gardens Inc plays a crucial role in enhancing the living conditions and well-being of elderly individuals in the area.
This information is meant to be a general summary of Lakeside Gardens 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 2023.
- Investment Income: $14,165
- Program Service Revenue: $1,116,349
- Gross Receipts: $1,130,514
Assets and Liabilities:
- Total Assets: $1,435,069
- Total Liabilities: $404,695
- Net Assets: $1,030,374
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LAUNDRY & VENDING REVENUE
Revenue
$1,869
OTHER PROGRAM REVENUE
Revenue
$61,444
RENTAL REVENUE
Revenue
$1,052,813
TENANT CHARGES
Revenue
$223
Organization Details
Founding Year
1967
Principal Officer
Richard Denure
NTEE Category
Code: L21Z - Housing
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