Overview
What is Lutheran Housing Development Corporation At Concord Village?
Lutheran Housing Development Corporation At Concord Village is a nonprofit organization situated in Scarsdale, New York, specifically at 700 White Plains Road, Suite 377. Their primary mission is to provide affordable housing for the elderly population, adhering to Section 202 of the National Housing Act. With a workforce of three individuals, they operate a 60-unit residential apartment building, offering a secure living environment for seniors in need. The corporation's commitment extends beyond just providing housing, aiming to promote a sense of community and well-being among its residents.
Official website here: www.tlcn.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Lutheran Housing Development Corporation At Concord Village has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The organization's score is primarily based on its strong performance in accountability and finance, achieving an overall score of 81%. This rating reflects the charity's commitment to maintaining transparency and responsible financial practices.
The nonprofit demonstrates robust governance, with an independent board composed entirely of eight members, earning full points in this area. Their financial oversight is further strengthened by having a comprehensive audit and oversight committee, which also scored perfectly. The organization maintains several important governance policies, including a conflict of interest policy and a whistleblower policy, contributing to its overall credibility.
However, it is worth noting that while the organization shows a high program expense ratio of 82.49%, there could be concerns regarding the salary levels of key personnel, particularly the CEO, whose salary is reported at $413,479. This figure may raise questions about compensation practices in relation to the nonprofit's mission and financial sustainability. Overall, the organization appears to uphold strong accountability standards, which is a positive indicator for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Lutheran Housing Development Corporation At Concord Village legitimate?
Lutheran Housing Development Corporation At Concord Village is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lutheran Housing Development Corporation At Concord Village submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $157,916
For more financial information, click here
Official website here: www.tlcn.org
What is the mission statement of Lutheran Housing Development Corporation At Concord Village?
The Lutheran Housing Development Corporation at Concord Village is dedicated to providing low-income housing for the senior or elderly population. Their mission is carried out by operating and maintaining a 60-unit residential apartment building, in accordance with Section 202 of the National Housing Act. This organization aims to offer a secure living environment and essential housing services to those who may be financially challenged, ensuring they can maintain their independence and dignity in their later years. The corporation's mission is a testament to their commitment to supporting the needs of the elderly community, providing them with a suitable place to call home.
Official website here: www.tlcn.org
Who is the CEO of Lutheran Housing Development Corporation At Concord Village?
Laraine Fellegara is the Chair of Lutheran Housing Development Corporation At Concord Village. The CEO's salary of Lutheran Housing Development Corporation At Concord Village is $0 and their total compensation is $457,973.
Official website here: www.tlcn.org
What is the revenue of Lutheran Housing Development Corporation At Concord Village?
Lutheran Housing Development Corporation At Concord Village's revenue in 2022 was $710,991.
Official website here: www.tlcn.org
Who are the executives of Lutheran Housing Development Corporation At Concord Village and what are their salaries?
The average compensation at Lutheran Housing Development Corporation At Concord Village during 2022 was $52,639. There are 3 employees and 6 volunteers at Lutheran Housing Development Corporation At Concord Village.
Here are 8 key members and their salaries (Lutheran Housing Development Corporation At Concord Village's CEO's salary is $0 and their total compensation is $457,973):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $413,479
- Other: $44,494
- Compensation: $0
- Related: $138,664
- Other: $21,123
Official website here: www.tlcn.org
Where can I find the form 990 for Lutheran Housing Development Corporation At Concord Village?
Lutheran Housing Development Corporation At Concord Village's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tlcn.org
Learn more at the official website: www.tlcn.org
Mission Statement of Lutheran Housing Development Corporation At Concord Village
Lutheran Housing Development Corporation At Concord Village is committed to providing low-income housing for the elderly population. In line with its mission, the organization operates and maintains a 60-unit residential apartment building, adhering to Section 202 of the National Housing Act. This nonprofit organization's purpose is to offer a living space for seniors who may be financially challenged, ensuring they have a secure and comfortable environment to call home. The organization's dedication to this mission is evident in its commitment to providing a well-maintained and suitable living space for its elderly residents.
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Impact
July, 2024
Lutheran Housing Development Corporation At Concord Village's impact is significant in providing affordable housing for low-income seniors and the elderly population in Scarsdale, NY. Through the operation and maintenance of a 60-unit residential apartment building, this organization plays a crucial role in meeting the housing needs of this vulnerable demographic. By offering safe and affordable housing options, Lutheran Housing Development Corporation At Concord Village contributes to enhancing the quality of life and well-being of seniors in the community.
This information is meant to be a general summary of Lutheran Housing Development Corporation At Concord Village. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $639
- Program Service Revenue: $703,081
- Gross Receipts: $710,991
Assets and Liabilities:
- Total Assets: $3,048,681
- Total Liabilities: $4,537,170
- Net Assets: -$1,488,489
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYM
Revenue
$431,853
RENTAL INCOME
Revenue
$271,228
Organization Details
Founding Year
1999
Phone
(914) 365-6365Principal Officer
Laraine Fellegara
Main Address
700 WHITE PLAINS ROAD STE 377 377, SCARSDALE, NY, 10583
Website
www.tlcn.orgNTEE Category
Code: L21 - Housing
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