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Lee Gardens Housing Corporation

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

EIN: 541516042 ✦ Arlington, VA ✦ Designated as a 501(c)(3)

Overview

What is Lee Gardens Housing Corporation?

Lee Gardens Housing Corporation is a nonprofit organization based in Arlington, Virginia, specifically at 2230 North Fairfax Drive 100, VA 22201. Their mission is to facilitate the operation of decent, safe, and affordable housing for low-income individuals. Recently, they expanded their operations by acquiring a multifamily apartment complex with 108 units, named Kate's Trace Apartments, from an affiliate in Newport News, Virginia. This acquisition underlines Lee Gardens Housing Corporation's commitment to providing affordable housing opportunities.


Official website here: www.ahcinc.org

Is Lee Gardens Housing Corporation legitimate?

Lee Gardens Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lee Gardens Housing Corporation 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: $206,245

For more financial information, click here


Official website here: www.ahcinc.org

What is the mission statement of Lee Gardens Housing Corporation?

Lee Gardens Housing Corporation is committed to assisting in the provision of decent, safe, and affordable housing for individuals with low income. This is the organization's primary mission, aiming to make housing a viable option for those who may otherwise struggle to secure it. The corporation operates with the goal of improving living conditions and providing a sense of security for its residents. In April 2021, Lee Gardens Housing Corporation expanded its operations by acquiring a multifamily apartment complex from an affiliate, which now includes 108 units in Newport News, Virginia, operating under the name of Kate's Trace Apartments.


Official website here: www.ahcinc.org

Who is the CEO of Lee Gardens Housing Corporation?

Paul Bernard is the President of Lee Gardens Housing Corporation.


Official website here: www.ahcinc.org

What is the revenue of Lee Gardens Housing Corporation?

Lee Gardens Housing Corporation's revenue in 2022 was $2,872,714.


Official website here: www.ahcinc.org

Who are the executives of Lee Gardens Housing Corporation and what are their salaries?

Here are 7 key members and their salaries:

    Steve Yeatman (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $275,734
  • Other: $27,373

    • Alan Goldstein (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $258,482
  • Other: $34,227

    • Paul Bernard (President) [Trustee/Director]
  • Compensation: $0
  • Related: $224,463
  • Other: $9,516

    • John Welsh (Secretary Until 7/22) [Trustee/Director]
  • Compensation: $0
  • Related: $206,692
  • Other: $21,809

    • Jennifer Endo (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $191,624
  • Other: $30,003

    • Stephen Smith (Sr. Vice President Until 06/22) [Trustee/Director]
  • Compensation: $0
  • Related: $220,882
  • Other: $180

    • Susan Cunningham (Interim President Until 06/22) [Trustee/Director]
  • Compensation: $0
  • Related: $136,529
  • Other: $7,164


  • Official website here: www.ahcinc.org

    Where can I find the form 990 for Lee Gardens Housing Corporation?

    The Lee Gardens Housing Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.ahcinc.org

    Learn more at the official website: www.ahcinc.org

    Mission Statement of Lee Gardens Housing Corporation

    Lee Gardens Housing Corporation is committed to facilitating the operation of decent, safe, and affordable housing for low-income individuals. This nonprofit organization strives to make a significant impact in the lives of those who are financially disadvantaged, ensuring they have access to suitable living environments. In April 2021, Lee Gardens Housing Corporation expanded its operations by acquiring a multifamily apartment complex from an affiliate, Kate's Trace Limited Partnership. This newly acquired complex, known as Kate's Trace Apartments, consists of 108 units, further solidifying the corporation's mission to provide affordable housing solutions.

    Impact

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




    Saturday, July 20, 2024

    Lee Gardens Housing Corporation's impact lies in its dedication to providing decent, safe, and affordable housing for low-income individuals. Through the acquisition and management of a multifamily apartment complex in Newport News, Virginia, known as Kate's Trace Apartments, the organization directly contributes to addressing the housing needs of vulnerable populations. By offering affordable housing options, Lee Gardens Housing Corporation plays a crucial role in promoting stability and improving the quality of life for low-income individuals and families in 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: $433
  • Program Service Revenue: $2,872,281
  • Gross Receipts: $2,872,714

    • Assets and Liabilities:
  • Total Assets: $40,000,237
  • Total Liabilities: $23,700,281
  • Net Assets: $16,299,956
  • Programs

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

    INTEREST INCOME

    Revenue

    $1,712,399

    RENTAL INCOME

    Revenue

    $1,159,882

    Organization Details

    Founding Year

    1987

    Principal Officer

    Paul Bernard

    Main Address

    2230 NORTH FAIRFAX DRIVE 100, ARLINGTON, VA, 22201

    NTEE Category

    Code: L200 - Housing

    If you are a representative of Lee Gardens Housing Corporation 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.