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James Lenox House Inc

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

EIN: 510181300 ✦ New york, NY ✦ Designated as a 501(c)(3)

Overview

What is James Lenox House Inc?

James Lenox House Inc, a nonprofit organization based in Manhattan, New York, operates as a Mitchell Lama older adult rental housing project. The project, in accordance with the New York State Housing Finance Law, provides 99 residential apartments at below-market rents to individuals aged 55 and above who have limited financial resources. In the fiscal year 2022, the residence housed around 110 residents. The organization, with a team of seven employees, is dedicated to offering affordable housing options for older adults, ensuring they maintain a sense of independence and community in the heart of New York City.


Is James Lenox House Inc legitimate?

James Lenox House Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. James Lenox House 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: $380,932

For more financial information, click here


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

Mission Statement of James Lenox House Inc

James Lenox House Inc, as a not-for-profit organization, is dedicated to providing a rental residence for older adults who are financially modest. Situated in Manhattan, this establishment offers 99 residential apartments at prices below the market rate. The residence is specifically tailored for individuals who have reached the age of 55, ensuring they receive suitable housing accommodations. By offering these apartments at affordable prices, James Lenox House Inc aims to support older adults with limited financial resources, providing them with a comfortable living environment.

Impact

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




Saturday, July 20, 2024

James Lenox House Inc provides affordable housing for older adults in Manhattan, offering below-market rent for those aged 55 and older with limited financial resources. The organization's impact includes providing a secure and comfortable living environment for approximately 110 residents, ensuring that they have a place to call home in an expensive city like New York. By offering affordable housing options, James Lenox House Inc contributes to improving the quality of life for older adults who may otherwise struggle to find suitable accommodation in the city.





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: $1,657,162
  • Gross Receipts: $1,658,775

    • Assets and Liabilities:
  • Total Assets: $2,829,424
  • Total Liabilities: $2,647,575
  • Net Assets: $181,849
  • Programs

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

    Laundry Income

    Revenue

    $9,300

    Rental Income

    Revenue

    $1,647,862

    Organization Details

    Founding Year

    1974

    Principal Officer

    Nicola M Heryet

    Main Address

    49 East 73rd Street, New York, NY, 10021

    NTEE Category

    Code: L22Z - Housing

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