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New Lima-Housing For The Future

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

EIN: 341958570 ✦ Lima, OH ✦ Designated as a 501(c)(3)

Overview

What is New Lima-Housing For The Future?

New Lima-Housing For The Future is a nonprofit organization located at 1003 W Spring St, Lima, OH 45805. Their primary mission is to offer housing opportunities and aid to low and moderate-income residents, fostering cooperation, communication, and collaboration within the community. They have developed 26 senior rental units, which they own and manage, overseeing day-to-day activities such as maintenance, vendor scheduling, tenant selection, and financial management. The organization works in partnership with local entities, including the City of Lima, Allen County, Ohio, and Lima City Schools, to further develop school sites within CDBG target areas. Their comprehensive program encompasses financial assistance and education to better serve their community.


Official website here: www.newlima-housingforthefuture.org

Is New Lima-Housing For The Future legitimate?

New Lima-Housing For The Future is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Lima-Housing For The Future 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: $74,699
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,573

For more financial information, click here


Official website here: www.newlima-housingforthefuture.org

What is the mission statement of New Lima-Housing For The Future?

New Lima-Housing For The Future's mission is centered around offering housing opportunities and aid for individuals with low and moderate income levels. This is achieved through a comprehensive program that includes financial assistance and educational resources. The organization collaborates with local entities such as the City of Lima, Allen County, Ohio, and Lima City Schools, with a primary focus on improving living conditions within the community. Cooperation, communication, and collaboration are the main methods employed to achieve these goals. The organization also works towards developing school sites within designated areas to further support the community.


Official website here: www.newlima-housingforthefuture.org

Who is the CEO of New Lima-Housing For The Future?

Scott Frenger is the Executive Director of New Lima-Housing For The Future.


Official website here: www.newlima-housingforthefuture.org

What is the revenue of New Lima-Housing For The Future?

New Lima-Housing For The Future's revenue in 2022 was $574,227.


Official website here: www.newlima-housingforthefuture.org

Who are the executives of New Lima-Housing For The Future and what are their salaries?

The average compensation at New Lima-Housing For The Future during 2022 was $44,136. There are 2 employees at New Lima-Housing For The Future.

Here are 6 key members and their salaries:

    Scott Frenger (Executive Director)
  • Compensation: $74,699
  • Related: $0
  • Other: $0

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

    • Ramona Hucks (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jacqueline Daley-Perrin (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cynthia Davis-White (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ginger Loscavo (President)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.newlima-housingforthefuture.org

    Where can I find the form 990 for New Lima-Housing For The Future?

    The New Lima-Housing For The Future’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.newlima-housingforthefuture.org

    Learn more at the official website: www.newlima-housingforthefuture.org

    Mission Statement of New Lima-Housing For The Future

    New Lima-Housing For The Future is a nonprofit organization dedicated to providing housing opportunities and assistance for low and moderate-income residents. Their mission is achieved through a comprehensive program that combines financial assistance and educational resources. The organization works in partnership with local entities such as the City of Lima, Allen County, Ohio, and Lima City Schools to further develop school sites within designated areas. This collaboration is instrumental in their efforts to improve housing conditions within the low and moderate-income community. New Lima-Housing For The Future emphasizes cooperation, communication, and collaboration as the means to achieve their mission. They strive to foster a sense of unity and support within this community, aiming to facilitate positive change and improved living standards for those in need.

    Impact

    This information is meant to be a general summary of New Lima-Housing For The Future. Please take the time to review official sources before making any decisions based upon the content provided here.




    Wednesday, July 24, 2024

    New Lima-Housing For the Future's impact is significant as it provides housing opportunities and assistance for low and moderate-income residents in Lima, Ohio. Through its comprehensive program of financial assistance and education, the organization helps individuals and families secure affordable housing and improve their quality of life. By working collaboratively with the City of Lima, Allen County, and Lima City Schools, New Lima-Housing For the Future plays a crucial role in further developing school sites within the CDBG target areas. With a focus on cooperation, communication, and collaboration, the organization has developed 26 senior rental units, demonstrating its commitment to addressing the housing needs of the 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: $47,983
  • Program Service Revenue: $248,165
  • Gross Receipts: $574,227

    • Assets and Liabilities:
  • Total Assets: $3,768,988
  • Total Liabilities: $148,064
  • Net Assets: $3,620,924
  • Programs

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

    Project Developer Fees

    Revenue

    $77,680

    Rent and Utility Payments

    Revenue

    $170,485

    Sales to Homeowners

    Organization Details

    Founding Year

    2000

    Principal Officer

    Scott Frenger

    Main Address

    1003 W Spring St, Lima, OH, 45805

    NTEE Category

    Code: L80 - Housing

    If you are a representative of New Lima-Housing For The Future 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.