Lakeview Housing Authority Inc
- Assets
- $953.2k
- Revenue
- $377.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Salisbury, MD
- Founding
- 12/1982
- Data as of
- 12/2021
- EIN
- 52-1253594
Organization Overview
Lakeview Housing Authority Inc is located in Salisbury, MD. The organization was established in 1982. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Lakeview Housing Authority Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakeview Housing Authority Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Lakeview Housing Authority Inc generated $377.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $384.3k during the year ending 12/2021. While expenses have increased by 3.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ELDERLY AND HANDICAPPED HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAKEVIEW HOUSING AUTHORITY MAINTAINS A 37 UNIT HOUSING PROJECT FOR ELDERLY & HANDICAPPED RESIDENTS. THESE ARE ONE AND TWO PERSON APARTMENTS. THE PROJECT RECEIVES HUD ASSISTANCE PAYMENTS FOR LOW INCOME RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Groton Manager | Officer | 20 | $20,400 |
Fabian White President | OfficerTrustee | 1 | $0 |
Darlene White Vice President | OfficerTrustee | 1 | $0 |
Patricia Beach Secretary/treasurer | OfficerTrustee | 1 | $0 |
Marvin Parker Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $379,701 |
| Investment income | $19 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,894 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $377,826 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $20,400 |
| Compensation of current officers, directors, key employees. | $20,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $58,069 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,076 |
| Payroll taxes | $6,543 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $15,600 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $92,779 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $46,870 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $75,109 |
| Insurance | $30,543 |
| All other expenses | $0 |
| Total functional expenses | $384,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,977 |
| Savings and temporary cash investments | $66,577 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,801 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $43,957 |
| Net Land, buildings, and equipment | $811,861 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $953,173 |
| Accounts payable and accrued expenses | $22,465 |
| Grants payable | $0 |
| Deferred revenue | $82 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $968,325 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $990,872 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$37,699 |
| Total liabilities and net assets/fund balances | $953,173 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Allegheny Council To Improve Our Neighborhoods-Housing Incorporated Pittsburgh, PA | $58,739,057 | $67,049,805 |
Commission On Economic Opportunity Of Luzerne County Wilkesbarre, PA | $24,684,280 | $41,061,242 |
Community First Fund Lancaster, PA | $129,035,730 | $44,963,943 |
Housing Counseling Services Inc Washington, DC | $4,430,833 | $16,498,572 |
Beyond Owners Group Inc Willow Street, PA | $131,731,512 | $8,827,345 |
People Incorporated Housing Group Abingdon, VA | $23,796,045 | $13,192,041 |
Manna Inc Washington, DC | $18,457,194 | $8,787,591 |
Habitat For Humanity International Inc Charlottesville, VA | $30,158,834 | $8,198,441 |
Housing Assistance Council Washington, DC | $50,242,099 | $11,554,116 |
University Properties Inc East Stroudsburg, PA | $58,514,914 | $5,926,957 |
Echelon Housing Inc North Bethesda, MD | $23,861,150 | $4,416,757 |
Rebuilding Together Pittsburgh Pittsburgh, PA | $2,584,527 | $5,910,311 |