AI Summary
The Lake Area Development Corporation is a nonprofit organization dedicated to providing low-income housing and improving community conditions. With an operating budget of $262.5K and total revenue of $1.4M for the 2023 filing year, the organization focuses on enhancing housing services in its local area. It does not rely on a single funder for 50% or more of its revenue.
Mission Statement
LOW-INCOME HOUSING.
Cause Areas
2
Community improvement
Housing services
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Frequently Asked Questions
What is LAKE AREA DEVELOPMENT CORPORATION’s budget?
In 2023, LAKE AREA DEVELOPMENT CORPORATION reported an annual operating budget of around $263 thousand. More detailed financial information is available to registered users.
What causes does LAKE AREA DEVELOPMENT CORPORATION support?
LAKE AREA DEVELOPMENT CORPORATION supports work in Community improvement and Housing services.
Where does LAKE AREA DEVELOPMENT CORPORATION operate?
LAKE AREA DEVELOPMENT CORPORATION is headquartered in GENEVA, NY.
What is LAKE AREA DEVELOPMENT CORPORATION’s reliance on government grants?
LAKE AREA DEVELOPMENT CORPORATION relied on government grants for less than 5% of their total revenue in 2023.