Overview
What is Lassen Economic Development Corp?
Lassen Economic Development Corp is a nonprofit organization, situated in Westwood, California. With a small team of five dedicated individuals, their primary mission is to provide weatherization assistance to low-income households, aiming to enhance their homes' energy efficiency. This service not only reduces energy costs for these families but also contributes to a more sustainable living environment. In addition to weatherization, the corporation offers energy subsidies to further alleviate the financial burden of energy expenses for low-income families. Their services extend to offering emergency propane, wood, and oil assistance when necessary.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star Rating
Lassen Economic Development Corp has received a Three-Star rating from Charity Navigator, indicating a solid performance in terms of transparency and accountability. The organization scored 79% overall, primarily reflecting its strong financial management practices, which are crucial for building trust with donors and stakeholders.
One of the notable strengths of Lassen Economic Development Corp is its governance structure, with 100% of board members being independent. This independence, combined with a comprehensive conflict of interest policy and robust whistleblower protections, showcases the organization's commitment to ethical practices. Furthermore, the charity has demonstrated effective financial management, with a program expense ratio of 89.15%, ensuring that a significant portion of funds is allocated directly to its programs.
However, while the accountability and finance score is commendable, the organization does not have ratings in other areas that could provide a more rounded view of its overall impact. Potential donors may want to consider these factors when evaluating whether to support Lassen Economic Development Corp.
This AI summary has been generated from information found on Charity Navigator.
Is Lassen Economic Development Corp legitimate?
Lassen Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lassen Economic Development Corp 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: $192,583
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What is the mission statement of Lassen Economic Development Corp?
The Lassen Economic Development Corp is committed to providing assistance to low-income households by offering weatherization services. This includes subsidizing their energy costs to make their homes more energy-efficient. The corporation's mission is geared towards alleviating the financial burden of energy expenses for these families, providing them with essential resources. In addition to weatherization services, the corporation also offers emergency assistance with propane, wood, and oil, as needed.
Who is the CEO of Lassen Economic Development Corp?
Roland Cantu is the Board Member of Lassen Economic Development Corp.
What is the revenue of Lassen Economic Development Corp?
Lassen Economic Development Corp's revenue in 2022 was $968,594.
Who are the executives of Lassen Economic Development Corp and what are their salaries?
The average compensation at Lassen Economic Development Corp during 2022 was $38,517. There are 5 employees at Lassen Economic Development Corp.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Lassen Economic Development Corp?
Lassen Economic Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lassen Economic Development Corp
Lassen Economic Development Corp, a notable organization, is dedicated to providing essential assistance to low-income households. Their primary mission is twofold: firstly, they offer weatherization services to help these families make their homes more energy-efficient. Secondly, they subsidize energy costs for these families to alleviate the financial burden associated with utility bills. By providing these services, Lassen Economic Development Corp aims to improve the living conditions and financial stability of low-income families. They offer aid in the form of subsidies for various energy sources such as propane, wood, and oil, ensuring that families can maintain a comfortable living environment despite their limited financial means.
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Impact
July, 2024
Lassen Economic Development Corp's impact is significant in providing weatherization assistance to low-income households and subsidizing energy costs for low-income families in Westwood, CA. Through its weatherization services, energy subsidies, and emergency assistance for propane, wood, and oil, the organization plays a crucial role in improving the living conditions and financial stability of vulnerable populations in the community. By focusing on community improvement through addressing energy needs and promoting energy efficiency, Lassen Economic Development Corp positively impacts the well-being and livelihoods of those in need.
This information is meant to be a general summary of Lassen Economic Development Corp. 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: $17,051
- Gross Receipts: $968,594
Assets and Liabilities:
- Total Assets: $225,959
- Total Liabilities: $11,253
- Net Assets: $214,706
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Organization Details
Principal Officer
Roland Cantu
Main Address
PO BOX 850, WESTWOOD, CA, 96137
NTEE Category
Code: S31Z - Community improvement
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