Overview
What is Lourexis Inc?
Lourexis Inc is a nonprofit organization situated in Cleveland, Ohio, with an address at 5111 Hector Avenue, 44127. Their primary mission is to offer subsidized housing opportunities for low-income senior citizens. They manage a 70-unit apartment complex under Section 202 of the National Housing Act, which is subject to HUD regulations regarding rent charges and operational methods. Lourexis Inc's goal is to provide a secure living environment and essential housing assistance for this specific demographic, contributing to the overall well-being of the elderly community in the area.
Is Lourexis Inc legitimate?
Lourexis Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lourexis 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: $92,400
For more financial information, click here
What is the mission statement of Lourexis Inc?
Lourexis Inc, as an organization, is committed to providing subsidized housing for low-income senior citizens. This mission is carried out through the operation of a 70-unit apartment complex, which falls under Section 202 of the National Housing Act. The corporation's operations are regulated by the U.S. Department of Housing and Urban Development (HUD), ensuring that rent charges and operating methods adhere to certain standards. The primary goal is to provide affordable living spaces for senior citizens who may be financially challenged, thereby enhancing their quality of life.
Who is the CEO of Lourexis Inc?
James T Guzowski is the President of Lourexis Inc.
What is the revenue of Lourexis Inc?
Lourexis Inc's revenue in 2022 was $933,069.
Who are the executives of Lourexis Inc and what are their salaries?
- Lawrence Leaman (President) [Trustee/Director]
- Francis Smoot (Vice President) [Trustee/Director]
- James Guzowski (Secretary/Treasurer) [Trustee/Director]
- Javier Lopez (Trustee)
- Betty Skrha (Trustee)
- Rev Frank Godic (Trustee)
- Rev Joseph Callahan (Trustee)
- Lori Crow (Trustee)
- Dennis Morton (Trustee)
- Therese Sweeney-Drake (Trustee)
Where can I find the form 990 for Lourexis Inc?
The Lourexis Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Lourexis Inc
Lourexis Inc, a nonprofit organization, is dedicated to providing subsidized housing for low-income senior citizens. This mission is encapsulated in the operation of a 70-unit apartment complex, which falls under Section 202 of the National Housing Act. The project is subject to regulations by the HUD, ensuring that rent charges and operating methods adhere to established standards. The corporation's efforts aim to provide a secure living space for elderly individuals who may struggle financially, enabling them to maintain their independence while residing in a supportive environment.
Impact
This information is meant to be a general summary of Lourexis Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Lourexis Inc's impact lies in its provision of subsidized housing to low-income senior citizens in Cleveland, Ohio. By operating a 70-unit apartment complex under Section 202 of the National Housing Act, the organization ensures that vulnerable seniors have access to affordable housing options. Through its regulated rent charges and operating methods overseen by HUD, Lourexis Inc fulfills its mission of supporting the well-being and dignity of low-income seniors in the community.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$874,787
TENANT CHARGES
Revenue
$4,377
Organization Details
Founding Year
1983
Phone
(216) 520-1250
Principal Officer
James T Guzowski
Main Address
5111 HECTOR AVENUE, CLEVELAND, OH, 44127
NTEE Category
Code: P75Z - Human services
If you are a representative of Lourexis 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.