Overview
What is Luther House Ii Inc?
Luther House II Inc is a nonprofit organization situated in West Grove, Pennsylvania. Their primary mission is to provide affordable and suitable housing for elderly individuals with low income. They achieve this by operating a 68-unit housing facility, ensuring the elderly have access to decent living quarters. This nonprofit organization is dedicated to enhancing the living conditions of the elderly community, offering them a secure and affordable place to reside.
Official website here: www.lutherhousepa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Luther House II Inc has demonstrated strong performance in accountability and finance, earning a high score of 96%, which is reflected in its Four-Star rating. This score is entirely based on accountability and financial metrics, indicating a solid commitment to transparent and responsible financial management. Their most recent fiscal year, FY2023, showcased effective oversight and governance practices.
The organization excels in several key areas, including having a fully independent board, which scored an impressive 100% for majority independent members. Additionally, they maintain rigorous policies regarding audit and oversight, conflict of interest, whistleblowing, and document retention, all of which contribute to their high accountability score. With a program expense ratio of 70.38%, a large portion of their funds is directed towards program services.
While the financial health indicators are strong, with a liabilities to assets ratio of just 3.36%, demonstrating a robust financial position, the focus on accountability and finance may limit insight into other operational aspects. However, overall, Luther House II Inc presents a reliable option for donors seeking to support a nonprofit with a strong commitment to financial stewardship and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Luther House Ii Inc legitimate?
Luther House Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Luther House Ii 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: $39,175
Professional Fundraising Fees: $0
Other Salaries and Wages: $108,743
For more financial information, click here
Official website here: www.lutherhousepa.org
What is the mission statement of Luther House Ii Inc?
Luther House II, as an organization, is dedicated to providing housing solutions for the elderly. Specifically, it operates a 68-unit facility in an undisclosed location, offering affordable and decent living spaces for individuals with very low income. The mission of Luther House II is centered around ensuring elderly persons have access to suitable and affordable housing, thereby enhancing their quality of life.
Official website here: www.lutherhousepa.org
Who is the CEO of Luther House Ii Inc?
Stephen Bossong is the President of Luther House Ii Inc.
Official website here: www.lutherhousepa.org
What is the revenue of Luther House Ii Inc?
Luther House Ii Inc's revenue in 2022 was $539,669.
Official website here: www.lutherhousepa.org
Who are the executives of Luther House Ii Inc and what are their salaries?
There 184 volunteers at Luther House Ii Inc.
Here are 9 key members and their salaries:
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- Related: $115,986
- Other: $31,359
Official website here: www.lutherhousepa.org
Where can I find the form 990 for Luther House Ii Inc?
Luther House Ii Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lutherhousepa.org
Learn more at the official website: www.lutherhousepa.org
Mission Statement of Luther House Ii Inc
Luther House II, a nonprofit organization, is dedicated to providing housing solutions for the elderly. Their mission is to offer affordable and decent living spaces for individuals with very low income, ensuring that their golden years are spent in comfort and dignity. By operating a 68-unit housing facility, Luther House II is committed to making a positive impact in the lives of elderly individuals, providing them with a secure and supportive environment.
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Impact
July, 2024
Luther House II Inc's impact lies in its direct provision of housing for the elderly in West Grove, PA. By operating a 68 unit housing facility, it serves very low-income elderly persons who are in need of affordable and decent housing options. Through this mission, Luther House II Inc is able to fulfill a critical need in the community, ensuring that vulnerable individuals have a safe and secure place to call home.
This information is meant to be a general summary of Luther House Ii 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: $201
- Program Service Revenue: $526,668
- Gross Receipts: $539,669
Assets and Liabilities:
- Total Assets: $3,411,490
- Total Liabilities: $92,312
- Net Assets: $3,319,178
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$526,668
Organization Details
Founding Year
2002
Phone
(610) 869-4240Principal Officer
Stephen Bossong
Main Address
122 JENNERS POND ROAD, WEST GROVE, PA, 19390
Website
www.lutherhousepa.orgNTEE Category
Code: L22 - Housing
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