Overview
What is Luther Towers Of Dover Inc?
Luther Towers Of Dover Inc is a nonprofit organization situated in Dover, Delaware. Their primary mission is to offer housing assistance to senior citizens with limited income. They operate and maintain a 50-unit apartment complex, specifically designed for elderly individuals, providing a secure and dignified living environment. The organization aims to foster a sense of responsible community within its premises and offers support services from management, staff, and volunteers.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%
Luther Towers of Dover Inc. has achieved a commendable Four-Star out of Four Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. With an overall score of 94%, the organization demonstrates excellent governance practices, including a fully independent board and robust financial management systems.
The charity excels in various accountability metrics, such as a perfect score in areas like material diversion of assets and conflict of interest policies. Its program expense ratio stands at 84.82%, indicating a substantial commitment to directing funds toward its mission rather than overhead costs. The organization has implemented stringent audit and oversight practices, underscoring its integrity and transparency.
While the available data showcases many strengths, it's crucial for potential donors to consider ongoing operational effectiveness and community impact, which are not detailed in the financial metrics. Overall, Luther Towers of Dover Inc. stands out as a well-managed nonprofit dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Luther Towers Of Dover Inc legitimate?
Luther Towers Of Dover Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Luther Towers Of Dover 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: $137,460
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What is the mission statement of Luther Towers Of Dover Inc?
Luther Towers of Dover Inc is dedicated to providing a secure and dignified living environment for eligible individuals of limited income. They operate a 50-unit apartment facility with the goal of fostering a sense of community and responsibility among its residents. Their mission involves offering supportive services from management, staff, and volunteers to ensure the safety and well-being of the residents. The organization is committed to operating and maintaining an apartment complex that caters to elderly low-income tenants, aiming to provide them with a comfortable and nurturing living space.
Who is the CEO of Luther Towers Of Dover Inc?
Kimberly Mendoza is the President of Luther Towers Of Dover Inc.
What is the revenue of Luther Towers Of Dover Inc?
Luther Towers Of Dover Inc's revenue in 2023 was $706,935.
Who are the executives of Luther Towers Of Dover Inc and what are their salaries?
There 10 volunteers at Luther Towers Of Dover Inc.
Here are 9 key members and their salaries:
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- Related: $105,281
- Other: $5,458
Where can I find the form 990 for Luther Towers Of Dover Inc?
Luther Towers Of Dover Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Luther Towers Of Dover Inc
Luther Towers of Dover Inc is dedicated to providing a safe and secure living environment for eligible individuals with limited income. Situated in an atmosphere of peace and dignity, the organization strives to create a sense of responsible community among its residents. Through the management, staff, and volunteers, Luther Towers offers essential support services to its elderly tenants, ensuring they live comfortably within the 50-unit apartment facility located in Dover, DE. The primary mission of Luther Towers of Dover Inc is to foster a nurturing environment where its residents can thrive, promoting a sense of community and well-being.
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Impact
July, 2024
Luther Towers of Dover Inc's impact lies in providing safe and secure housing for eligible seniors of limited income in Dover, DE. They operate a 50-unit apartment facility for the elderly, offering housing assistance and maintaining an atmosphere of peace, dignity, and responsible community. By offering support services through their management, staff, and volunteers, Luther Towers of Dover Inc plays a crucial role in ensuring the well-being and comfort of elderly low-income tenants in the area.
This information is meant to be a general summary of Luther Towers Of Dover 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 2023.
- Investment Income: $2,535
- Program Service Revenue: $225,285
- Gross Receipts: $706,935
Assets and Liabilities:
- Total Assets: $1,284,239
- Total Liabilities: $443,693
- Net Assets: $840,546
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$225,285
Organization Details
Founding Year
1984
Phone
(302) 674-1408Principal Officer
Kimberly Mendoza
Main Address
430 KINGS HIGHWAY, DOVER, DE, 19901
NTEE Category
Code: L22Z - Housing
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