Overview
What is Luke Inc?
Luke Inc, located in Collierville, Tennessee, is a nonprofit organization that prioritizes supporting the continued independence of its residents. Operating under the name The Farms at Bailey Station, Luke Inc provides a high-quality living environment in apartments, garden homes, and other long-term care facilities. Their mission revolves around enhancing the quality of life for their residents, placing a strong emphasis on independence as a crucial aspect of their lifestyle decisions. With a workforce of 299 individuals, Luke Inc is dedicated to ensuring their residents can maintain their autonomy while residing in a supportive and nurturing environment.
Official website here: www.thefarmsatbaileystation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars
Luke Inc has received a rating of "Needs Improvement" from Charity Navigator, with a score of 71%. This rating reflects strengths in certain governance areas such as having a majority of independent board members and a solid audit and oversight committee. However, the organization has notable weaknesses, particularly related to its financial health, indicated by its high liabilities to assets ratio, which raises concerns about its fiscal sustainability.
In terms of accountability, Luke Inc performs well in areas like conflict of interest policies and transparency with board meeting minutes. Nevertheless, the absence of a whistleblower policy and documentation retention policies indicates gaps in governance that could affect accountability and trust. Furthermore, the lack of posting its tax form on the nonprofit's website may hinder transparency for potential donors and stakeholders.
Overall, while Luke Inc demonstrates commitment in some governance aspects, its financial challenges and missing policies suggest that improvements are necessary to enhance its operational effectiveness and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Luke Inc legitimate?
Luke Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Luke 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: $3,592,861
For more financial information, click here
Official website here: www.thefarmsatbaileystation.com
What is the mission statement of Luke Inc?
Luke Inc, operating under the name The Farms at Bailey Station, is committed to providing its residents with a high-quality lifestyle in a superior living environment. One of their primary focuses is to prioritize continued independence in the decision-making process related to life care. They offer a variety of living options, including apartments, garden homes, and other long-term care facilities, to cater to their residents' needs. The organization's mission is centered around supporting the principle of maintaining independence and ensuring a comfortable and satisfying living experience.
Official website here: www.thefarmsatbaileystation.com
Who is the CEO of Luke Inc?
Rudolf W Herzke is the Chairman/Director of Luke Inc.
Official website here: www.thefarmsatbaileystation.com
What is the revenue of Luke Inc?
Luke Inc's revenue in 2022 was $9,477,450.
Official website here: www.thefarmsatbaileystation.com
Who are the executives of Luke Inc and what are their salaries?
The average compensation at Luke Inc during 2022 was $12,016. There are 299 employees and 16 volunteers at Luke Inc.
Here are 7 key members and their salaries:
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Official website here: www.thefarmsatbaileystation.com
Where can I find the form 990 for Luke Inc?
Luke Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thefarmsatbaileystation.com
Learn more at the official website: www.thefarmsatbaileystation.com
Mission Statement of Luke Inc
Luke Inc, dedicated as LUKE, Inc. D/B/A The Farms at Bailey Station, is committed to enhancing the lives of its residents by providing them with a high-quality living environment. This nonprofit organization prioritizes the concept of continued independence as a significant factor in their life care decisions. Luke Inc offers various living options, including apartments, garden homes, and long-term care facilities, all designed to support its residents in maintaining their independence.
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Impact
October, 2024
Luke Inc significantly enhances the quality of life for residents in Collierville, TN, through its commitment to providing high-quality independent living options. Operating as The Farms at Bailey Station, it offers a range of accommodations, including apartments and garden homes, designed to foster independence and promote a comfortable lifestyle.
By prioritizing a supportive and engaging environment, Luke Inc empowers residents to maintain their autonomy while enjoying access to essential services and community resources. This focus on quality living not only benefits the individuals who reside there but also enriches the broader community by promoting well-being and social interaction among its members. Overall, Luke Inc plays a vital role in enhancing the daily lives of its residents and contributing positively to the local community.
This information is meant to be a general summary of Luke 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: $534,793
- Program Service Revenue: $8,942,657
- Gross Receipts: $9,477,450
Assets and Liabilities:
- Total Assets: $251,174,126
- Total Liabilities: $285,491,537
- Net Assets: -$34,317,411
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE FEES
Revenue
$6,528,368
EARNED ENTRANCE FEES
Revenue
$2,414,289
Organization Details
Founding Year
2005
Phone
(901) 794-2598Principal Officer
Rudolf W Herzke
Main Address
3300 S HOUSTON LEVEE RD, COLLIERVILLE, TN, 38017
NTEE Category
Code: L22 - Housing
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