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Lantern Organization Inc

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

EIN: 133960661 ✦ New york, NY ✦ Designated as a 501(c)(3)

Overview

What is Lantern Organization Inc?

The Lantern Organization Inc is a New York-based nonprofit that specializes in developing housing solutions for individuals with unique needs. Their mission encompasses both creating homes for those with specific requirements and sponsoring affordable housing projects for low and moderate-income earners. The organization offers valuable technical assistance and supervision, assisting in the identification of suitable sites and determining feasibility for their projects.


Official website here: www.lanterncommunity.org

Is Lantern Organization Inc legitimate?

Lantern Organization Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lantern Organization 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $184,615

For more financial information, click here


Official website here: www.lanterncommunity.org

What is the mission statement of Lantern Organization Inc?

The Lantern Organization is dedicated to creating housing solutions for individuals with special needs. Through its efforts, the organization sponsors housing projects for both low-income and moderate-income individuals with specific requirements. The Lantern Organization offers technical assistance and oversight in various aspects of housing development, from identifying suitable sites to assessing feasibility.


Official website here: www.lanterncommunity.org

Who is the CEO of Lantern Organization Inc?

Daniel Kent is the President of Lantern Organization Inc.


Official website here: www.lanterncommunity.org

What is the revenue of Lantern Organization Inc?

Lantern Organization Inc's revenue in 2022 was $14,682,075.


Official website here: www.lanterncommunity.org

Who are the executives of Lantern Organization Inc and what are their salaries?

The average compensation at Lantern Organization Inc during 2022 was $184,615. There are 1 employees at Lantern Organization Inc.

Here are 9 key members and their salaries:

    Daniel Kent (President)
  • Compensation: $184,615
  • Related: $0
  • Other: $0

    • Christopher Benson (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Chervenak (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sebastian Palmer (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nathaniel Wice (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rafal Markwat (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Julius Lamar (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jonathan Maddison (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robin D'Souza (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.lanterncommunity.org

    Where can I find the form 990 for Lantern Organization Inc?

    The Lantern Organization Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.lanterncommunity.org

    Learn more at the official website: www.lanterncommunity.org

    Mission Statement of Lantern Organization Inc

    The Lantern Organization, a notable nonprofit entity, is dedicated to creating housing solutions for individuals with special needs. With a strong commitment to this mission, the organization goes beyond just developing homes; it also sponsors low and moderate income housing projects. The Lantern Organization's role extends further as it offers essential technical assistance and supervision throughout the process, from identifying suitable sites to assessing feasibility.

    Impact

    This information is meant to be a general summary of Lantern Organization Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Lantern Organization Inc's impact is significant in providing housing solutions for people with special needs. By developing housing for this underserved population and sponsoring low and moderate income housing projects, the organization helps improve community inclusivity and accessibility. Through their mission, Lantern Organization is making a tangible difference in addressing housing challenges faced by individuals with special needs, ultimately enhancing their quality of life.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

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

  • Investment Income: $0
  • Program Service Revenue: $1,161,896
  • Gross Receipts: $14,682,075

    • Assets and Liabilities:
  • Total Assets: $40,301,929
  • Total Liabilities: $9,360,937
  • Net Assets: $30,940,992
  • Programs

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

    INTEREST HOUSING LOANS

    Revenue

    $727,417

    DEVELOPMENT FEE INCOME

    Revenue

    $181,251

    RENTAL INCOME

    Revenue

    $159,856

    DEVELOPER FEE

    Revenue

    $56,172

    MANAGEMENT FEE INCOME

    Revenue

    $37,200

    Organization Details

    Founding Year

    1997

    Principal Officer

    Daniel Kent

    Main Address

    42 W 39TH STREET 14TH FLOOR, NEW YORK, NY, 10018

    NTEE Category

    Code: L20 - Housing

    If you are a representative of Lantern Organization Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.