Overview
What is Lorin Station Inc?
Lorin Station Inc is a nonprofit organization situated in Berkeley, California. The primary focus of this organization is to provide housing for individuals with low income, as there is a lack of suitable housing options available for such groups. The corporation owns and manages a mixed-use complex, featuring 14 residential units and commercial space. This initiative aims to contribute positively to the community by offering affordable living spaces and fostering a sense of community within the complex.
Is Lorin Station Inc legitimate?
Lorin Station Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lorin Station 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: $49,294
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What is the mission statement of Lorin Station Inc?
Lorin Station Inc's mission is centered around providing housing for individuals with low income, particularly in areas where suitable housing options are scarce. The corporation operates a mixed-use apartment complex, housing 14 residences for very low and low-income residents, demonstrating their commitment to this cause. By offering accommodation, Lorin Station Inc aims to contribute to a more equitable living situation for this demographic, addressing a significant social need. The organization's activities extend beyond mere housing provision, as they also utilize commercial spaces within the complex to support local community development.
Who is the CEO of Lorin Station Inc?
Landon Williams is the Chairman of Lorin Station Inc.
What is the revenue of Lorin Station Inc?
Lorin Station Inc's revenue in 2022 was $175,328.
Who are the executives of Lorin Station Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Lorin Station Inc?
Lorin Station Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lorin Station Inc
Lorin Station Inc, as a nonprofit organization, is committed to providing housing solutions for individuals and families with low income, where adequate housing options are lacking. The corporation's mission is to address this housing gap by owning and operating a mixed-use apartment complex, which comprises 14 residential units specifically designed for very low and low-income residents. This initiative by Lorin Station Inc aims to contribute positively to housing stability and improve the living conditions of those in need.
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Impact
October, 2024
Lorin Station Inc has a significant impact on the community by addressing the critical need for affordable housing for low-income individuals and families. By owning and operating a mixed-use apartment complex in Berkeley, California, comprising 14 residential units, the organization creates viable living options in an area where such opportunities are scarce. This initiative not only provides shelter but also fosters a sense of community among residents who might otherwise face housing instability. The inclusion of commercial space within the complex supports local businesses and contributes to the economic vitality of the neighborhood. Through its mission, Lorin Station Inc plays a vital role in improving the quality of life for very low and low-income residents, making a meaningful difference in their lives and enhancing the overall health of the community.
This information is meant to be a general summary of Lorin Station 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: $4
- Program Service Revenue: $148,524
- Gross Receipts: $251,533
Assets and Liabilities:
- Total Assets: $608,459
- Total Liabilities: $3,015,531
- Net Assets: -$2,407,072
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LAUNDRY INCOME
Revenue
$3,866
OTHER INCOME
Revenue
$8,072
RENTAL INCOME
Revenue
$136,455
TENANT CHARGES
Revenue
$131
Organization Details
Founding Year
1991
Phone
(510) 412-9290Principal Officer
Landon Williams
Main Address
1535-A Fred Jackson Way, Richmond, CA, 94801
NTEE Category
Code: L21 - Housing
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