Overview
What is Lone Pine Economic Development Corporation And Trust?
Lone Pine Economic Development Corporation And Trust is a nonprofit organization situated in Lone Pine, California. With a primary focus on social welfare, they are dedicated to offering affordable housing solutions to low-income families residing in Inyo County. As the non-profit proprietor of a 34-unit apartment complex in Lone Pine, they play a vital role in addressing the housing needs of this community. The organization's mission is deeply rooted in providing affordable living spaces, contributing positively to the socio-economic landscape of the region.
Is Lone Pine Economic Development Corporation And Trust legitimate?
Lone Pine Economic Development Corporation And Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lone Pine Economic Development Corporation And Trust 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: $26,620
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What is the mission statement of Lone Pine Economic Development Corporation And Trust?
The Lone Pine Economic Development Corporation And Trust is committed to providing affordable housing solutions for low-income families. Acting as the non-profit owner of a 34-unit apartment complex, situated in Lone Pine, California, their primary mission is to offer affordable rental units to income-eligible residents in the county. By offering affordable housing, they aim to contribute to improving the living conditions and financial stability of the community's less fortunate families.
Who is the CEO of Lone Pine Economic Development Corporation And Trust?
Doug Thompson is the CEO of Lone Pine Economic Development Corporation And Trust The CEO's salary of Lone Pine Economic Development Corporation And Trust is $0 and their total compensation is $0.
What is the revenue of Lone Pine Economic Development Corporation And Trust?
Lone Pine Economic Development Corporation And Trust's revenue in 2023 was $304,614.
Who are the executives of Lone Pine Economic Development Corporation And Trust and what are their salaries?
There 3 volunteers at Lone Pine Economic Development Corporation And Trust.
Here are 4 key members and their salaries (Lone Pine Economic Development Corporation And Trust's CEO's salary is $0 and their total compensation is $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
Where can I find the form 990 for Lone Pine Economic Development Corporation And Trust?
Lone Pine Economic Development Corporation And Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Lone Pine Economic Development Corporation And Trust
Lone Pine Economic Development Corporation And Trust is a non-profit organization that is committed to providing affordable housing solutions to low-income families. Their mission, in essence, is to make housing accessible for individuals who fall under this income bracket, residing in Inyo County. As the non-profit owner of a 34-unit apartment complex located in Lone Pine, California, they are actively working towards fulfilling this mission. By offering affordable rental units, this organization is contributing significantly to the housing needs of income-eligible residents in the area.
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Impact
October, 2024
Lone Pine Economic Development Corporation and Trust significantly impacts the community by providing affordable housing options for low-income families in Inyo County, California. By managing a 34-unit apartment complex in Lone Pine, the organization addresses critical housing needs, enabling income-eligible individuals and families to access secure and stable living environments. This not only enhances the quality of life for residents but also contributes to the overall well-being of the community by fostering stability and promoting socio-economic growth. The availability of affordable housing helps to reduce homelessness and alleviate financial stress for families, allowing them to invest more in education, health, and overall well-being.
This information is meant to be a general summary of Lone Pine Economic Development Corporation And Trust. 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: $731
- Program Service Revenue: $303,883
- Gross Receipts: $304,614
Assets and Liabilities:
- Total Assets: $507,488
- Total Liabilities: $1,651,977
- Net Assets: -$1,144,489
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LAUNDRY AND VENDING
Revenue
$2,336
Low Income Housing Rent
Revenue
$291,374
TENANT CHARGES
Revenue
$10,173
Organization Details
Principal Officer
Doug Thompson
NTEE Category
Code: L20Z - Housing
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