Louisiana Finance Corporation for Handicapped Citizens

Overview

The Louisiana Finance Corporation for Handicapped Citizens is a U.S. nonprofit organization, designated as a 501(c)(3) charity. Its primary mission is to provide affordable housing solutions for individuals living with developmental disabilities. The organization was established in 1983, focusing on creating accessible and affordable living environments that enhance the quality of life for these individuals.

Financial Information

The corporation derives its revenue primarily from program services, which have consistently accounted for nearly all of its income. As of recent financial reports, the organization's total assets exceeded $300,000, with liabilities close to this amount. Key expenses include salaries and wages for operational staff, but there are no recorded executive compensations for board members.

Governance

The organization is led by a board of directors and officers, including a president and executive vice president, who are responsible for overseeing its operations and strategic planning. Notably, board members do not receive compensation, reflecting the organization's commitment to efficiency and allocation of resources to its mission.

Objectives and Activities

While specific details on recent projects are limited, the Louisiana Finance Corporation for Handicapped Citizens aligns with broader initiatives in the state aimed at supporting individuals with disabilities. This includes collaboration with other organizations to ensure comprehensive support services are available to this demographic.

Impact in the Community

By providing affordable housing options, this nonprofit plays a critical role in enhancing the social and economic integration of individuals with developmental disabilities within Louisiana. Its efforts contribute to broader community development goals by ensuring that all members have access to essential resources and opportunities for independent living.