Overview
What is Lutheran Housing Development Corp Of Long Island?
Lutheran Housing Development Corp of Long Island is a nonprofit organization based in Scarsdale, New York. With a team of six dedicated individuals, their primary mission is to cater to the housing needs of the elderly and disabled population, providing them with affordable independent living units. Specifically, they offer 115 units of such housing, ensuring that these vulnerable individuals can maintain their independence while living in a supportive environment. The organization's activities are centered around the provision of low-income housing, contributing positively to the community by providing a safe and comfortable living space for seniors and the elderly.
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 Corp of Long Island has received a Three-Star rating from Charity Navigator, with a score of 81% based solely on its Accountability & Finance metrics. This rating indicates a strong commitment to financial transparency and responsible governance, as evidenced by high scores across various accountability measures. Notably, the organization has achieved full marks for having a majority of independent board members and maintaining clear policies on conflict of interest and whistleblowing.
The organization demonstrates an effective use of resources, with a program expense ratio of 84.85%, suggesting that a significant portion of its funds directly supports its mission-driven activities. Comprehensive financial audits and a solid governance framework are in place, reinforcing its reliability and integrity to potential donors. The presence of a documented policy on record retention and destruction further enhances its accountability profile.
However, the ratings also reveal the significant salary of key personnel, which may raise questions amongst donors regarding executive compensation in relation to the overall budget. While the financial health appears strong, potential contributors might seek more information about program impact and outcomes to gauge the effectiveness of the organization's initiatives in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Lutheran Housing Development Corp Of Long Island legitimate?
Lutheran Housing Development Corp Of Long Island is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lutheran Housing Development Corp Of Long Island 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: $235,136
For more financial information, click here
Official website here: www.tlcn.org
What is the mission statement of Lutheran Housing Development Corp Of Long Island?
The Lutheran Housing Development Corp of Long Island is dedicated to providing low-income housing for the senior and elderly population. Their mission is to offer 115 units of affordable independent housing for the disabled and elderly, aiming to ensure that this vulnerable group has access to suitable living spaces. By offering affordable housing, the corporation contributes to the well-being and independence of these individuals, fostering a sense of community and security.
Official website here: www.tlcn.org
Who is the CEO of Lutheran Housing Development Corp Of Long Island?
Laraine Fellegara is the Chair of Lutheran Housing Development Corp Of Long Island. The CEO's salary of Lutheran Housing Development Corp Of Long Island is $0 and their total compensation is $457,973.
Official website here: www.tlcn.org
What is the revenue of Lutheran Housing Development Corp Of Long Island?
Lutheran Housing Development Corp Of Long Island's revenue in 2022 was $1,645,799.
Official website here: www.tlcn.org
Who are the executives of Lutheran Housing Development Corp Of Long Island and what are their salaries?
The average compensation at Lutheran Housing Development Corp Of Long Island during 2022 was $39,189. There are 6 employees and 4 volunteers at Lutheran Housing Development Corp Of Long Island.
Here are 6 key members and their salaries (Lutheran Housing Development Corp Of Long Island'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: $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 Corp Of Long Island?
Lutheran Housing Development Corp Of Long Island'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 Corp Of Long Island
Lutheran Housing Development Corp of Long Island is dedicated to providing low-income housing opportunities for the senior and elderly population. Their mission is crystal clear: to create a living environment that caters to the needs of disabled and elderly individuals, offering them a sense of independence and dignity. With this in mind, they have developed and managed 115 units of affordable independent housing, ensuring that these vulnerable members of society have access to safe and suitable living arrangements. By providing such housing, Lutheran Housing Development Corp of Long Island is making a significant contribution to the well-being and quality of life of the elderly population, enabling them to live with dignity and independence in their later years.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Lutheran Housing Development Corp Of Long Island has a significant impact by providing 115 units of affordable independent housing for the disabled and elderly population in Scarsdale, NY. This allows seniors and the elderly to have a safe and comfortable place to live, promoting their overall well-being and quality of life. The organization's focus on low-income housing for this demographic fills a crucial need in the community and helps ensure that vulnerable individuals have access to stable housing options.
This information is meant to be a general summary of Lutheran Housing Development Corp Of Long Island. 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: $250
- Program Service Revenue: $1,642,326
- Gross Receipts: $1,645,799
Assets and Liabilities:
- Total Assets: $2,863,860
- Total Liabilities: $4,484,540
- Net Assets: -$1,620,680
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENTAL
Revenue
$1,024,200
TENANT ASSITANT PAYMEN
Revenue
$618,126
Organization Details
Founding Year
1979
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: L22Z - Housing
If you are a representative of Lutheran Housing Development Corp Of Long Island and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.