Lexington Residential Alternatives
Nonprofit profile at a glance
- EIN
- 570836697
- IRS 990-EZ coverage
- 2010–2024
- Forms available
- Form 990-EZ 2024
- Location
- West Columbia, SC, USA
- Phone
- 8038083966
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Housing, Shelter N.E.C.
Reported finances
- Revenue
- $116,615
- Expenses
- $95,120
- Assets
- $222,915
- Liabilities
- $93,887
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
People named in this filing
- THOYD B WARREN (EX OFFICIO)
- ANDREW SALEEBY (CHAIRPERSON)
- WILLIAM REESE (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Lexington residential alternatives, inc. Was organized to acquire real property and build and operate a facility for the mentally handicapped under section 202 of the national housing authority.
What it reported doing in 2024
The program exists solely to provide residential services to mentally handicapped residents in an 8 unit complex. All the expenses are attributable to the operation of the project.
Operating model
- Revenue model
- Donor-supported. 74% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 82
- Sustainability: 67
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 73.5%; rating input score 74
- Program expense ratio: 90.1%; rating input score 90
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 18.4%; rating input score 72; 72nd percentile among comparable filings
- Total-asset coverage ratio: 2.34; rating input score 84; 84th percentile among comparable filings
- Liabilities to assets ratio: 0.42; rating input score 12; 12th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 1.7% per year; rating input score 100; 35th percentile among comparable filings
- Revenue growth: 3% per year; rating input score 100; 37th percentile among comparable filings
- Asset growth: 9.3% per year; rating input score 100; 59th percentile among comparable filings
Details
- Where the money goes: 73.5% of revenue deployed · 90.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $86K in reported program spending
- Leadership: top reported pay $0 · 17 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Liabilities to assets ratio scored 12/100.