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Lake View Towers Residents Association Inc

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

EIN: 363971142 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

Overview

What is Lake View Towers Residents Association Inc?

Lake View Towers Residents Association Inc is a nonprofit organization situated in Chicago, Illinois. Its primary mission is to offer and maintain safe and affordable housing for individuals and families with low to moderate incomes. During the reporting period, they managed Lake View Towers, a 500-unit affordable housing project in Chicago, benefiting its residents. Their operations encompass ensuring the property's maintenance and upkeep, contributing positively to the community.


Is Lake View Towers Residents Association Inc legitimate?

Lake View Towers Residents Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake View Towers Residents Association 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: $844,365

For more financial information, click here


What is the mission statement of Lake View Towers Residents Association Inc?
Who is the CEO of Lake View Towers Residents Association Inc?
What is the revenue of Lake View Towers Residents Association Inc?
Who are the executives of Lake View Towers Residents Association Inc and what are their salaries?
Where can I find the form 990 for Lake View Towers Residents Association Inc?

Mission Statement of Lake View Towers Residents Association Inc

Lake View Towers Residents Association Inc is committed to providing and maintaining safe and affordable housing for individuals and families with low to moderate income. Their mission is centered around operating and maintaining Lake View Towers, a 500-unit affordable housing project, with the primary goal of benefiting those in need during the reporting period. This organization plays a crucial role in ensuring that low-income individuals and families have access to secure and affordable housing. By doing so, Lake View Towers Residents Association Inc contributes to the well-being of its community, providing a stable living environment that is essential for maintaining a healthy and productive lifestyle.

Impact

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




Thursday, August 15, 2024

Lake View Towers Residents Association Inc's impact lies in providing and maintaining safe and affordable housing for low to moderate-income individuals and families in Chicago. By operating and maintaining Lake View Towers, a 500-unit affordable housing project, the organization directly contributes to addressing the housing needs of its community. Through their mission, they are actively working to ensure that vulnerable populations have access to quality housing options, thereby promoting stability and well-being among those they serve.





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: $6,737
  • Program Service Revenue: $8,911,659
  • Gross Receipts: $9,205,558

    • Assets and Liabilities:
  • Total Assets: $45,962,939
  • Total Liabilities: $64,018,050
  • Net Assets: -$18,055,111
  • Programs

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

    RENTAL RECEIPTS

    Revenue

    $8,911,659

    Organization Details

    Founding Year

    2004

    Principal Officer

    Diane Santucci

    Main Address

    C/O LMCI 5618 N MILWAUKEE AVE, CHICAGO, IL, 60646

    NTEE Category

    Code: L20Z - Housing

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