Overview
What is Lynn Crest Senior Housing Association?
The Lynn Crest Senior Housing Association is a nonprofit organization dedicated to providing affordable housing for low-income elderly individuals. Situated in a 40-unit section 202 apartment building, the association offers 39 units specifically designed for eligible tenants. The U.S. Department of Housing and Urban Development (HUD) offers subsidized rent for qualifying residents, ensuring that these individuals can maintain a comfortable living environment within their means. By providing this vital housing service, the Lynn Crest Senior Housing Association enhances the lives of its senior residents, contributing to their overall well-being.
Official website here: www.evha.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
Lynn Crest Senior Housing Association has received a Three-Star rating from Charity Navigator, indicating a good level of accountability and finance management. The overall score is based entirely on a single beacon score, which reflects the charity's strong performance in financial management and transparency. The high accountability and finance score of 85 suggests that the organization is effectively using its funds to fulfill its mission.
The organization demonstrates strong governance practices, with 100% of its board members being independent. This independence, along with a well-structured board size, ensures that the organization operates with integrity and without conflicts of interest. The charity has also established comprehensive policies, including those for conflict of interest and whistleblowing, further enhancing its accountability.
In addition to strong governance, Lynn Crest Senior Housing Association effectively allocates its resources, with a program expense ratio of 88.40%. This indicates that a significant majority of its funding directly supports its programs, which is a positive sign for potential donors. However, while the ratings reflect robust financial practices, it's essential for stakeholders to consider the overall impact of the programs offered by the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Lynn Crest Senior Housing Association legitimate?
Lynn Crest Senior Housing Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lynn Crest Senior Housing Association 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: $98,423
For more financial information, click here
Official website here: www.evha.org
What is the mission statement of Lynn Crest Senior Housing Association?
The Lynn Crest Senior Housing Association is committed to providing housing solutions for low-income elderly individuals. They accomplish this by managing a 40-unit section 202 apartment building, with 39 units specifically reserved for eligible tenants. To make the living arrangement more affordable, rent subsidies from HUD are available to qualifying residents. In essence, the association's mission is to offer a secure living environment and financial assistance to the elderly population who fall under the income eligibility criteria.
Official website here: www.evha.org
Who is the CEO of Lynn Crest Senior Housing Association?
Carol Wheeler is the Executive Director of Lynn Crest Senior Housing Association.
Official website here: www.evha.org
What is the revenue of Lynn Crest Senior Housing Association?
Lynn Crest Senior Housing Association's revenue in 2022 was $508,879.
Official website here: www.evha.org
Who are the executives of Lynn Crest Senior Housing Association and what are their salaries?
There 6 volunteers at Lynn Crest Senior Housing Association.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $255,737
- Other: $47,331
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.evha.org
Where can I find the form 990 for Lynn Crest Senior Housing Association?
Lynn Crest Senior Housing Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.evha.org
Learn more at the official website: www.evha.org
Mission Statement of Lynn Crest Senior Housing Association
Lynn Crest Senior Housing Association, a nonprofit organization, is committed to providing housing solutions for low-income elderly individuals. They achieve this mission through the operation of a 40-unit section 202 apartment building, with 39 units specifically reserved for eligible tenants. The association offers crucial rent subsidies from HUD for qualifying residents, ensuring that the cost of housing remains affordable. By providing such housing, Lynn Crest Senior Housing Association contributes significantly to the well-being of its residents, enabling them to maintain their independence and dignity in their later years.
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Impact
July, 2024
Lynn Crest Senior Housing Association provides essential housing for low-income elderly residents in Everett, WA. Through its 40-unit section 202 apartment building, the organization offers a vital resource for qualifying individuals in need of affordable housing options tailored to their specific circumstances. Lynn Crest Senior Housing Association's impact lies in its ability to secure stable and safe living arrangements for elderly individuals who may otherwise struggle to find suitable accommodations within their financial means.
This information is meant to be a general summary of Lynn Crest Senior Housing Association. 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: $167
- Program Service Revenue: $127,801
- Gross Receipts: $508,879
Assets and Liabilities:
- Total Assets: $1,377,876
- Total Liabilities: $45,102
- Net Assets: $1,332,774
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT & RELATED
Revenue
$127,801
Organization Details
Founding Year
1992
Phone
(425) 303-1101Principal Officer
Carol Wheeler
Main Address
3107 COLBY AVENUE, EVERETT, WA, 98201
Website
www.evha.orgNTEE Category
Code: Z99Z - Unknown
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