LAKE WORTH TOWERS INC

LAKE WORTH, FL | Palm Beach County
Affordable Housing

Overview

LAKE WORTH TOWERS INC
59-1149040
1500 LUCERNE AVENUE
LAKE WORTH, FL 33460
Palm Beach County
(561) 585-7591

Mission Statement info

THE ORGANIZATION OPERATES AN APARTMENT BUILDING THAT PROVIDES LOW INCOME HOUSING FOR THE ELDERLY

Founded info
1965
Total Employees info
4
Total Volunteers info
Not reported
CRA Category info
  • Affordable Housing
Nonprofit location info
  • LMI Census Tract
  • Majority Minority Census Tract
Awards & Certifications info
  • This nonprofit has not received any CRA awards or certifications.
Nonprofit Classification (NTEE Code) info
L22

L - Housing, Shelter

Senior Citizens Housing & Retirement Communities

Residential options exclusively for older adults who want to have a simpler, maintenance-free lifestyle and enjoy the company of peers with common interests, or who require a moderate amount of support in the activities of daily living to maintain independent living.

IRS Activity Codes info
382
Housing for the aged
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
623312
Assisted Living Facilities for the Elderly

CRA Alignment

CRA Category info
Affordable Housing
Creation, rehabilitation, operation or preservation of affordable housing.
CRA Certification info
Has not applied.
Awards & Certifications info
Community Development Financial Institution info
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$1.3M
Revenue
$483.3K
Assets
$557.3K
Exempt Ruling Date info
1966-12
Deductibility Status info
Deductible
Tax Filing Year info
2018
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
States Where Tax Return is Filed info
FL
Basis for Foundation/Public Charity Status info
Organization normally receives no more than one-third of support from gross investment and unrelated business income and at same time more than one-third of its support from contributions, fees and gross receipts related to exempt purposes 509(a)(2)
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Nonprofit Location

Physical Address info
1500 LUCERNE AVENUE
LAKE WORTH, FL 33460
Palm Beach County
FIPS Geocoded Address info
33100
MSA/CBSA info
12
State info
099
County info
0044.02
Tract info
Low
Income Level info
Core-Based Statistical Area info
Miami-Fort Lauderdale-Pompano Beach, FL
Combined Statistical Area info
Miami-Port St. Lucie-Fort Lauderdale, FL
Metropolitan Division info
West Palm Beach-Boca Raton-Boynton Beach, FL
Area Type info
Metropolitan Statistical Area
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 75.87%
Designated Distressed Census Tract info
Underserved Census Tract info

Market Data

Census Tract County
0044.02 Palm Beach County
Population
Total Population 4,306 1,446,277
Total Households 1,286 548,216
Income
Median Family Income (Census*) $27,696 $59,943
Median Family Income (2019 FFIEC) $75,400 N/A
Tract Income Percentage 42.01% N/A
Below Poverty Level 39.6% 12.8%
Unemployment Level 14.3% 6.5%
Housing
Total Housing Units 1,605 682,671
Total Owner-Occupied Units 26.1% 68.6%
Total Renter-Occupied Units 54.0% 31.4%
Total Vacant Units 19.9% 10.4%
* Census tract income based on 2019 Census estimated data; County income based on 2018 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

12
Total Voting Members
in Governing Body
info
7
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Robert Spear
Property Manager
Principal Officer info
Not reported by nonprofit.
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.