Overview
What is Lutheran Assisted Living At Middletown Inc?
Lutheran Assisted Living at Middletown Inc is a nonprofit organization, primarily established to construct and manage a 45-unit residential care community for the elderly in Middletown, Connecticut. Operating under the guidance of the Connecticut Housing Finance Authority, this organization is committed to empowering individuals and strengthening communities by helping them navigate 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 Assisted Living At Middletown Inc has received an 81% rating, indicating a solid level of performance in terms of accountability and finance. The organization boasts a high percentage of independent board members and demonstrates transparency and governance with policies like conflict of interest and whistleblower protections well in place.
Financially, the organization excels with a program expense ratio of over 92%, highlighting a strong commitment to directing funds towards its mission. However, it faces challenges with a liabilities to assets ratio of 147.31%, suggesting potential concerns about financial stability, which could impact ongoing operations and service delivery.
Overall, while Lutheran Assisted Living At Middletown Inc has strengths in governance and program funding, potential donors and stakeholders should consider the implications of its financial liabilities. This three-star rating reflects a commendable effort, but it also indicates areas for improvement in financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Lutheran Assisted Living At Middletown Inc legitimate?
Lutheran Assisted Living At Middletown Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lutheran Assisted Living 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: $171,906
For more financial information, click here
Official website here: www.ascentria.org
What is the mission statement of Lutheran Assisted Living At Middletown Inc?
Lutheran Assisted Living At Middletown Inc's mission is centered around strengthening communities by empowering individuals to confront life's challenges. This organization aims to encourage people to respond effectively to various difficulties they may encounter, thus contributing positively to their communities. The mission is a guiding principle that underscores the organization's operations, inspiring it to make a meaningful impact in people's lives.
Official website here: www.ascentria.org
Who is the CEO of Lutheran Assisted Living At Middletown Inc?
Angela Bovill is the President & Ceo of Lutheran Assisted Living At Middletown Inc. The CEO's salary of Lutheran Assisted Living At Middletown Inc is $0 and their total compensation is $411,873.
Official website here: www.ascentria.org
What is the revenue of Lutheran Assisted Living At Middletown Inc?
Lutheran Assisted Living At Middletown Inc's revenue in 2022 was $1,018,627.
Official website here: www.ascentria.org
Who are the executives of Lutheran Assisted Living At Middletown Inc and what are their salaries?
There 12 volunteers at Lutheran Assisted Living At Middletown Inc.
Here are 20 key members and their salaries (Lutheran Assisted Living At Middletown Inc's CEO's salary is $0 and their total compensation is $411,873):
- Compensation: $0
- Related: $397,934
- Other: $13,939
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- 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: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- 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 Assisted Living At Middletown Inc?
Lutheran Assisted Living 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 Assisted Living At Middletown Inc
Lutheran Assisted Living At Middletown Inc is committed to strengthening communities by empowering individuals to face life's challenges. This nonprofit organization operates under a mission to empower people, encouraging them to respond effectively to various obstacles they may encounter. By doing so, Lutheran Assisted Living At Middletown Inc aims to contribute positively to the overall well-being and resilience of communities.
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Impact
October, 2024
Lutheran Assisted Living At Middletown Inc plays a vital role in the community by addressing the unique challenges faced by the elderly. By providing a 45-unit managed residential care community in Middletown, Connecticut, it offers a safe and supportive environment that empowers seniors to maintain their independence while accessing necessary care services.
The organization is dedicated to strengthening communities through its holistic approach, focusing on the well-being of individuals by fostering a sense of belonging and connection. Residents benefit from personalized care and support, enabling them to respond to life's challenges with dignity and grace. This impact extends beyond the physical infrastructure, as it nurtures a community where seniors can thrive socially, emotionally, and physically.
Through its commitment to enhancing the quality of life for the elderly, Lutheran Assisted Living At Middletown Inc contributes significantly to the local landscape, ensuring that older adults have the resources and support needed to live fulfilling lives.
This information is meant to be a general summary of Lutheran Assisted Living 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: $568
- Program Service Revenue: $1,006,706
- Gross Receipts: $1,018,627
Assets and Liabilities:
- Total Assets: $5,391,231
- Total Liabilities: $7,471,521
- Net Assets: -$2,080,290
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$800,345
MEALS INCOME
Revenue
$206,361
Organization Details
Founding Year
2003
Phone
(860) 347-7144Principal Officer
Angela Bovill
Main Address
628 CONGDON STREET WEST, MIDDLETOWN, CT, 06457
Website
www.ascentria.orgNTEE Category
Code: P75 - Human services
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