Lottie Johnson Memorial Housing Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 942185014 ✦ Oakland, CA ✦ Designated as a 501(c)(3)

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Overview

What is Lottie Johnson Memorial Housing Inc?

Lottie Johnson Memorial Housing Inc is a nonprofit organization located in Oakland, California. Their primary mission, as outlined in Section 236 of the National Housing Act, is to provide affordable housing for low-income families, the elderly, and individuals with disabilities. Operating from 970 14th St, this organization manages an apartment complex comprising 27 rental units specifically designed to cater to this demographic. With only two dedicated employees, Lottie Johnson Memorial Housing Inc plays a significant role in ensuring housing accessibility for those in need in Oakland, California.

Is Lottie Johnson Memorial Housing Inc legitimate?

Lottie Johnson Memorial Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lottie Johnson Memorial Housing 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: $95,710

For more financial information, click here

What is the mission statement of Lottie Johnson Memorial Housing Inc?

Lottie Johnson Memorial Housing Inc's mission is centered around providing affordable housing for low-income families, the elderly, and individuals with disabilities. This is in line with Section 236 of the National Housing Act. The organization strives to make housing accessible for these vulnerable groups, ensuring they have a secure place to live. The corporation operates an apartment complex, housing 27 rental units, specifically designed for low-income families, the elderly, and handicapped individuals under Section 236 of the National Housing Act.

Who is the CEO of Lottie Johnson Memorial Housing Inc?

Pastor Michael Wallace is the President of Lottie Johnson Memorial Housing Inc.

What is the revenue of Lottie Johnson Memorial Housing Inc?

Lottie Johnson Memorial Housing Inc's revenue in 2022 was $342,519.

Who are the executives of Lottie Johnson Memorial Housing Inc and what are their salaries?

The average compensation at Lottie Johnson Memorial Housing Inc during 2022 was $47,855. There are 2 employees at Lottie Johnson Memorial Housing Inc.


Here are 4 key members and their salaries:


Pastor Michael Wallace (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cleothas Simmons (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Archie Belford (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tyrone Snipes (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Lottie Johnson Memorial Housing Inc?

Lottie Johnson Memorial Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Lottie Johnson Memorial Housing Inc

Lottie Johnson Memorial Housing Inc, a nonprofit organization, is dedicated to providing affordable housing solutions for low-income families, the elderly, and individuals with disabilities. In line with Section 236 of the National Housing Act, this organization strives to make a significant impact in the lives of those in need. Their mission is to create a supportive and inclusive living environment, ensuring that every resident has access to safe, affordable housing. By adhering to this mission, Lottie Johnson Memorial Housing Inc aims to contribute to the well-being and stability of its community, thereby empowering its residents to live with dignity and independence.

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Impact




October, 2024

Lottie Johnson Memorial Housing Inc significantly influences the community by providing affordable housing options for low-income families, the elderly, and individuals with disabilities. Operating a dedicated apartment complex in Oakland, California, it offers 27 rental units specifically designed to support those in need. By adhering to Section 236 of the National Housing Act, the organization ensures residents have access to secure and stable housing, which is crucial for enhancing their quality of life. This initiative not only helps diminish homelessness and housing insecurity but also fosters a sense of community and belonging among its residents.




This information is meant to be a general summary of Lottie Johnson Memorial Housing 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.

Revenue
$342,519 (2022)
Expenses
$363,442 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $63
  • Program Service Revenue: $342,456
  • Gross Receipts: $342,519

Assets and Liabilities:

  • Total Assets: $525,196
  • Total Liabilities: $31,387
  • Net Assets: $493,809

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Lessors of Residential Buildings and Dwellings

Revenue

$260,294

TENANT RENTS

Revenue

$82,162

Organization Details

Founding Year

1970

Principal Officer

Pastor Michael Wallace

Main Address

970 14TH ST, OAKLAND, CA, 946073280

NTEE Category

Code: L20 - Housing

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