Overview
What is Lutheran Housing Inc?
Lutheran Housing Inc, also known as Luther Arms, is a nonprofit organization situated in Trenton, New Jersey. With a mission dedicated to providing affordable housing, they specialize in low-income accommodations for senior citizens and individuals with disabilities under Section 8 of the National Housing Act. Their workforce comprises 14 dedicated individuals, contributing to the betterment of the community they serve.
Official website here: www.lutherarms.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Stars)
Lutheran Housing Inc has received a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance with an overall score of 88%. The rating is driven entirely by the organization's accountability and finance score, indicating a strong commitment to transparent financial practices. Notably, the charity has a fully independent board and has passed several critical financial assessments, including a favorable liabilities to assets ratio.
Despite these strengths, the organization has some areas that require improvement. There are missing policies in conflict of interest and document retention, which affect its score in these categories. Additionally, the tax form is not posted on the nonprofit's website, which could limit transparency for potential donors and stakeholders.
Overall, Lutheran Housing Inc demonstrates a robust fiscal responsibility and governance structure but should address its policy gaps to enhance its rating further and build greater trust with its supporters and the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Lutheran Housing Inc legitimate?
Lutheran Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 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: $328,304
For more financial information, click here
Official website here: www.lutherarms.com
What is the mission statement of Lutheran Housing Inc?
Lutheran Housing Inc is committed to providing low-income housing options for senior citizens and individuals with disabilities, adhering to Section 8 of the National Housing Act. Their mission is centered around creating a living environment that caters to the needs of these vulnerable groups, ensuring they have access to safe and affordable housing. The organization strives to make a positive impact on the lives of these individuals, contributing to their overall well-being and independence. By offering housing solutions under Section 8, Lutheran Housing Inc is able to bridge the gap and provide a supportive living environment for those in need.
Official website here: www.lutherarms.com
Who is the CEO of Lutheran Housing Inc?
Dennis Mckithen is the Trustee of Lutheran Housing Inc.
Official website here: www.lutherarms.com
What is the revenue of Lutheran Housing Inc?
Lutheran Housing Inc's revenue in 2022 was $3,283,485.
Official website here: www.lutherarms.com
Who are the executives of Lutheran Housing Inc and what are their salaries?
The average compensation at Lutheran Housing Inc during 2022 was $23,450. There are 14 employees at Lutheran Housing Inc.
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Official website here: www.lutherarms.com
Where can I find the form 990 for Lutheran Housing Inc?
Lutheran Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lutherarms.com
Learn more at the official website: www.lutherarms.com
Mission Statement of Lutheran Housing Inc
Lutheran Housing Inc is committed to providing low-income housing solutions for senior citizens and individuals with disabilities. This mission is carried out under Section 8 of the National Housing Act. The organization's primary goal is to offer a safe and affordable living environment for these vulnerable populations, ensuring they have access to essential housing resources. By doing so, Lutheran Housing Inc contributes significantly to enhancing the quality of life for these individuals, providing them with the stability and security they need to focus on other aspects of their well-being.
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Impact
October, 2024
Lutheran Housing Inc plays a vital role in addressing the housing needs of senior citizens and handicapped individuals by providing affordable living options under Section 8 of the National Housing Act. Situated in Trenton, NJ, the organization focuses on ensuring that these vulnerable populations have access to safe, secure, and quality housing.
By offering low-income housing solutions, Lutheran Housing Inc helps alleviate the financial burden faced by seniors and individuals with disabilities, allowing them to maintain their independence and dignity. The impact extends beyond just shelter; it fosters a sense of community and belonging, enhancing the overall quality of life for residents.
In a time when housing affordability is a growing concern, Lutheran Housing Inc proves essential in improving the living conditions of those who might otherwise struggle to find suitable accommodation, thus promoting greater social equity and inclusion within the community.
This information is meant to be a general summary of 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: $5,846
- Program Service Revenue: $3,277,639
- Gross Receipts: $3,283,485
Assets and Liabilities:
- Total Assets: $8,257,235
- Total Liabilities: $2,642,810
- Net Assets: $5,614,425
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENTALS
Revenue
$3,236,031
OTHER INCOME
Revenue
$34,705
LAUNDRY INCOME
Revenue
$6,658
DAMAGES INCOME
Revenue
$245
Organization Details
Founding Year
1977
Phone
(609) 392-5628Principal Officer
Dennis Mckithen
Main Address
323 SOUTH BROAD STREET, TRENTON, NJ, 08608
Website
www.lutherarms.comNTEE Category
Code: L22 - Housing
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