Overview
What is Wollaston Lutheran Housing Inc?
Wollaston Lutheran Housing Inc, located at 45 Brackett Street, Quincy, MA 02169, is a dedicated organization that offers essential services to various non-profit and for-profit entities. Their primary mission involves providing payroll services, which encompass group health and retirement benefits, as well as other supportive and management services. Particularly, they cater to organizations that offer quality, dignified housing to the low-income elderly and handicapped, along with entities that support these communities. Throughout the year, Wollaston Lutheran Housing Inc has worked with five employees to ensure these organizations' smooth operations.
What are the reviews and ratings of this charity?
94% rating from Charity Navigator, earning a Four-Star out of Four Star rating.
Wollaston Lutheran Housing Inc has demonstrated strong accountability and financial practices, highlighted by its perfect score in these areas. The organization maintains a majority of independent board members, which fosters transparency and effective governance. Additionally, it has robust audit and oversight mechanisms in place, indicating a commitment to responsible financial management.
The organization allocates over 80% of its expenses directly to programs, showcasing its focus on serving its mission effectively. Furthermore, comprehensive policies related to conflicts of interest, whistleblowing, and document management contribute to its high rating. This solid financial standing and governance structure position Wollaston Lutheran Housing Inc as a trustworthy nonprofit in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Wollaston Lutheran Housing Inc legitimate?
Wollaston Lutheran Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wollaston Lutheran Housing 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: $0
For more financial information, click here
What is the mission statement of Wollaston Lutheran Housing Inc?
Wollaston Lutheran Housing Inc's mission is centered around providing support and management services to both non-profit and for-profit organizations. The primary focus of these organizations is to offer quality, dignified housing to the low-income elderly and disabled individuals, as well as supporting entities associated with them. The organization facilitates access to payroll services, group health and retirement benefits, and other essential support services for these organizations. By doing so, Wollaston Lutheran Housing Inc aims to contribute to the well-being and stability of these communities, thereby enhancing the living conditions of the individuals they serve. During the year, they provided payroll services, as well as group insurance benefits and retirement services, to five employees.
Who is the CEO of Wollaston Lutheran Housing Inc?
Timothy Wismar is the President/Tr of Wollaston Lutheran Housing Inc.
What is the revenue of Wollaston Lutheran Housing Inc?
Wollaston Lutheran Housing Inc's revenue in 2022 was $1,079,975.
Who are the executives of Wollaston Lutheran Housing Inc and what are their salaries?
There are 5 employees at Wollaston Lutheran Housing Inc.
Here are 9 key members and their salaries:
- Compensation: $148,617
- Related: $93,954
- Other: $52,419
- 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
- Related: $0
- Other: $0
Where can I find the form 990 for Wollaston Lutheran Housing Inc?
Wollaston Lutheran Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Wollaston Lutheran Housing Inc
Wollaston Lutheran Housing Inc is committed to providing essential services to various organizations. Specifically, it focuses on non-profit and for-profit entities that offer quality, dignified housing to the low-income elderly and handicapped, as well as other entities that support these populations. The main objective of Wollaston Lutheran Housing Inc is to offer payroll services, including group health and retirement benefits, and other support and management services to these organizations. By providing these services, Wollaston Lutheran Housing Inc aims to enhance the operations and sustainability of these organizations, thereby improving the living conditions and support systems for the vulnerable populations they serve.
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Impact
July, 2024
Wollaston Lutheran Housing Inc's impact lies in providing essential support services to both nonprofit and for-profit organizations dedicated to offering quality, dignified housing to low-income elderly and handicapped individuals. Through their provision of payroll services, access to group insurance benefits including health, dental, accident, life, and eye insurance, as well as retirement services, Wollaston Lutheran Housing enables these organizations to focus on their mission of supporting vulnerable populations. By offering crucial administrative support, Wollaston Lutheran Housing contributes to the sustainability and effectiveness of these housing initiatives, ultimately enhancing the lives of those in need.
This information is meant to be a general summary of Wollaston Lutheran Housing 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: -$7,540
- Gross Receipts: $1,197,925
Assets and Liabilities:
- Total Assets: $267,878
- Total Liabilities: $4,600
- Net Assets: $263,278
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Organization Details
Founding Year
2004
Phone
(617) 479-0248Principal Officer
Timothy Wismar
Main Address
45 BRACKETT STREET, QUINCY, MA, 02169
NTEE Category
Code: L22 - Housing
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