Overview
What is Lutheran Housing Corporation At Middletown Inc?
Lutheran Housing Corporation at Middletown Inc. is a nonprofit organization situated in Middletown, Connecticut. Established to construct and operate a 45-unit apartment community, the organization operates under the Section 202 program of the National Housing Act. Besides managing its own housing project, Lutheran Housing Corporation also provides operational assistance to a related non-profit, Luther Manor. The organization's mission, as stated, is to strengthen communities by empowering individuals to face life's challenges.
Official website here: www.ascentria.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
Lutheran Housing Corporation at Middletown Inc received an overall score of 81%, indicating a solid performance in accountability and finance. The organization is noted for its commitment to transparency, demonstrated by its high scores in key areas such as independent board membership and effective financial oversight. With 85% of its board members being independent and a comprehensive set of policies in place, the charity reflects a strong governance structure.
The charity excels in its financial management, highlighted by an impressive program expense ratio of 87.60%. This suggests that a significant portion of its funds is directed toward its programs, which is a positive indicator for potential donors regarding the organization's efficiency. Additionally, the lack of material diversion of assets and the presence of a whistleblower policy further strengthen its accountability profile.
However, the rating relies solely on financial metrics, with no additional categories considered. While the score is commendable, potential donors may wish to look deeper into the charity's program outcomes and impact to fully understand its effectiveness in fulfilling its mission. Overall, Lutheran Housing Corporation at Middletown Inc displays commendable accountability and financial health, making it a trustworthy option for supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Lutheran Housing Corporation At Middletown Inc legitimate?
Lutheran Housing Corporation At Middletown Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lutheran Housing Corporation At Middletown Inc 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: $174,530
For more financial information, click here
Official website here: www.ascentria.org
What is the mission statement of Lutheran Housing Corporation At Middletown Inc?
The Lutheran Housing Corporation at Middletown Inc is committed to strengthening communities by empowering individuals to overcome life's challenges. This mission statement is reflected in their activities, encouraging a response to various obstacles that people may encounter. The organization operates under the Section 202 program of the National Housing Act, constructing and managing a 45-unit apartment community. In addition, they offer operational assistance to a related non-profit, Luther Manor. The corporation's mission underscores its dedication to empowering individuals and strengthening communities, providing a supportive environment for those in need.
Official website here: www.ascentria.org
Who is the CEO of Lutheran Housing Corporation At Middletown Inc?
Angela Bovill is the President & Ceo of Lutheran Housing Corporation At Middletown Inc. The CEO's salary of Lutheran Housing Corporation At Middletown Inc is $0 and their total compensation is $411,873.
Official website here: www.ascentria.org
What is the revenue of Lutheran Housing Corporation At Middletown Inc?
Lutheran Housing Corporation At Middletown Inc's revenue in 2022 was $586,420.
Official website here: www.ascentria.org
Who are the executives of Lutheran Housing Corporation At Middletown Inc and what are their salaries?
There 12 volunteers at Lutheran Housing Corporation At Middletown Inc.
Here are 20 key members and their salaries (Lutheran Housing Corporation At Middletown Inc's CEO's salary is $0 and their total compensation is $411,873):
- Compensation: $0
- Related: $397,934
- Other: $13,939
- 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: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $160,307
- Other: $13,879
- Compensation: $0
- Related: $210,484
- Other: $16,458
- Compensation: $0
- Related: $273,181
- Other: $204
- Compensation: $0
- Related: $216,504
- Other: $16,383
- Compensation: $0
- Related: $138,288
- Other: $6,320
- Compensation: $0
- Related: $75,842
- Other: $13,677
- Compensation: $0
- Related: $240,516
- Other: $13,937
Official website here: www.ascentria.org
Where can I find the form 990 for Lutheran Housing Corporation At Middletown Inc?
Lutheran Housing Corporation At Middletown Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ascentria.org
Learn more at the official website: www.ascentria.org
Mission Statement of Lutheran Housing Corporation At Middletown Inc
Lutheran Housing Corporation At Middletown, Inc. is driven by a mission to strengthen communities by empowering individuals to overcome life's challenges. This mission is centered around the belief that every person has the potential to respond positively to adversity, and by providing the necessary support, these individuals can contribute positively to their communities. The organization's mission is not limited to a specific area or population, but rather, it encompasses a broad scope of individuals and communities in need. The operational activities of Lutheran Housing Corporation At Middletown, Inc. are aligned with this mission, aiming to empower people and contribute to stronger, more resilient communities. In addition to their primary focus on constructing and operating affordable housing, the organization also provides operational assistance to a related non-profit, Luther Manor.
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Impact
July, 2024
Lutheran Housing Corporation At Middletown Inc's impact can be seen in the tangible difference it makes in the lives of individuals and communities. By providing affordable housing through its 45-unit apartment community in Middletown, Connecticut, the organization enables people to access safe and stable living spaces. This not only addresses the immediate need for housing but also contributes to creating a supportive environment for individuals facing life's challenges.
Moreover, by operating under the Section 202 program of the National Housing Act, Lutheran Housing Corporation At Middletown Inc demonstrates a commitment to leveraging governmental support to fulfill its mission of community empowerment. Through its operational assistance to a related non-profit, Luther Manor, the organization extends its impact beyond housing to provide additional services and support to enhance the well-being of individuals.
Overall, Lutheran Housing Corporation At Middletown Inc's focus on human services and community empowerment embodies its mission to strengthen communities and empower people to overcome life's challenges. Through its work, the organization plays a vital role in promoting stability, dignity, and support for individuals in need within the Middletown, Connecticut area.
This information is meant to be a general summary of Lutheran Housing Corporation At Middletown Inc. 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: $315
- Program Service Revenue: $554,614
- Gross Receipts: $586,420
Assets and Liabilities:
- Total Assets: $3,873,467
- Total Liabilities: $5,732,792
- Net Assets: -$1,859,325
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT INCOME
Revenue
$554,614
Organization Details
Founding Year
2000
Phone
(860) 347-7144Principal Officer
Angela Bovill
Main Address
628 CONGDON STREET WEST, MIDDLETOWN, CT, 06457
Website
www.ascentria.orgNTEE Category
Code: P20 - Human services
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