nonprofit logo

Lakes Senior Housing Inc

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

EIN: 341343665 ✦ Akron, OH ✦ Designated as a 501(c)(3)

Overview

What is Lakes Senior Housing Inc?

Lakes Senior Housing Inc is a nonprofit organization situated in Akron, Ohio, specifically at 730 West Market Street. Their primary focus is on providing affordable housing options for the elderly and individuals with disabilities. The organization manages a facility consisting of 45 units, which is regulated by the HUD. The mission of Lakes Senior Housing Inc is to offer accommodations for those in need, ensuring they have a safe and comfortable living environment.


Is Lakes Senior Housing Inc legitimate?

Lakes Senior Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lakes Senior Housing 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: $0

For more financial information, click here


What is the mission statement of Lakes Senior Housing Inc?
Who is the CEO of Lakes Senior Housing Inc?
What is the revenue of Lakes Senior Housing Inc?
Who are the executives of Lakes Senior Housing Inc and what are their salaries?
Where can I find the form 990 for Lakes Senior Housing Inc?

Mission Statement of Lakes Senior Housing Inc

Lakes Senior Housing Inc is dedicated to providing affordable housing solutions for the elderly and handicapped individuals. Their mission, as stated, revolves around operating low-income housing units specifically designed for this demographic. This organization ensures that the elderly and disabled have access to secure and comfortable living spaces, thereby contributing to their overall well-being and independence. The facility, regulated by the HUD, houses 45 units, providing a home for those who may otherwise struggle with housing affordability. The organization's commitment to this mission is instrumental in upholding the dignity and independence of its residents, offering them a sense of security and stability in their later years.

Impact

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




Wednesday, July 24, 2024

Lakes Senior Housing Inc provides essential low-income housing for elderly and handicapped individuals in Akron, Ohio. Their impact can be seen in the 45 units they operate, offering a safe and affordable living option for those in need. By providing this housing, they contribute to the well-being and quality of life of vulnerable populations in their community.





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: $96
  • Program Service Revenue: $683,894
  • Gross Receipts: $687,007

    • Assets and Liabilities:
  • Total Assets: $858,663
  • Total Liabilities: $1,785,891
  • Net Assets: -$927,228
  • Programs

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

    RENTAL INCOME

    Revenue

    $681,917

    LAUNDRY AND VENDING

    Revenue

    $1,917

    TENANT CHARGES

    Revenue

    $60

    Organization Details

    Founding Year

    1979

    Principal Officer

    Thurman Cole Iii

    Main Address

    730 WEST MARKET STREET, AKRON, OH, 44303

    NTEE Category

    Code: L22Z - Housing

    If you are a representative of Lakes Senior Housing 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.