Overview
What is Lutheran Housing Services 3 Inc?
Lutheran Housing Services 3 Inc, operating under the name Luther Oaks, is a nonprofit organization situated in Toledo, Ohio. With a focus on compassionate care, they provide 45 units of affordable housing for low-income elderly and handicapped individuals, adhering to their mission statement inspired by Christian beliefs. Their primary activity is housing, aiming to make a positive impact on the lives of those in need. The organization is managed by a small team of one dedicated employee.
Official website here: www.genacrosslutheranservices.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating.
Lutheran Housing Services 3 Inc has achieved a solid score of 81%, which reflects a commendable level of accountability and financial health. The organization showcases a fully independent board, with 100% of members meeting independence standards, indicating strong governance practices. It also scores well in financial oversight, receiving full marks in its audit and oversight committee, and demonstrates effective use of resources with a program expense ratio of 78.22%.
The organization has well-documented policies in place, including conflict of interest and whistleblower policies, which are critical for maintaining transparency and ethical operations. Additionally, it ensures that its financial statements are accessible and audited, providing a level of trust to stakeholders.
However, while the overall rating and governance structure are strong, potential donors may want to investigate more about the specific programs and outcomes of the services provided to ensure that their contributions are effectively utilized.
This AI summary has been generated from information found on Charity Navigator.
Is Lutheran Housing Services 3 Inc legitimate?
Lutheran Housing Services 3 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lutheran Housing Services 3 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: $59,048
For more financial information, click here
Official website here: www.genacrosslutheranservices.org
What is the mission statement of Lutheran Housing Services 3 Inc?
Lutheran Housing Services 3 Inc's mission is centered around providing housing for low-income elderly and handicapped individuals. Inspired by their Christian faith, they offer compassionate care and services throughout an individual's life journey. Their housing solutions include 45 units of rental housing, funded under HUD Section 202 and Section 8, in line with their mission statement. They strive to create an environment that embraces and supports these individuals and families, ensuring they have access to adequate housing.
Official website here: www.genacrosslutheranservices.org
Who is the CEO of Lutheran Housing Services 3 Inc?
William R Marshall is the President/Ce of Lutheran Housing Services 3 Inc.
Official website here: www.genacrosslutheranservices.org
What is the revenue of Lutheran Housing Services 3 Inc?
Lutheran Housing Services 3 Inc's revenue in 2022 was $530,194.
Official website here: www.genacrosslutheranservices.org
Who are the executives of Lutheran Housing Services 3 Inc and what are their salaries?
The average compensation at Lutheran Housing Services 3 Inc during 2022 was $59,048. There is 1 employee and 18 volunteers at Lutheran Housing Services 3 Inc.
Here are 15 key members and their salaries:
- Compensation: $0
- Related: $327,636
- Other: $64,289
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- Related: $221,861
- Other: $37,726
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- Related: $150,997
- Other: $25,094
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.genacrosslutheranservices.org
Where can I find the form 990 for Lutheran Housing Services 3 Inc?
Lutheran Housing Services 3 Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.genacrosslutheranservices.org
Learn more at the official website: www.genacrosslutheranservices.org
Mission Statement of Lutheran Housing Services 3 Inc
Lutheran Housing Services 3 Inc, guided by Christian values, is dedicated to providing compassionate care and services to low-income elderly and handicapped individuals. In line with its mission statement, the organization offers 45 units of rental housing through federal programs such as HUD Section 202 and Section 8. This commitment to housing stems from a desire to support and accommodate these individuals throughout various stages of their lives. By providing affordable housing, Lutheran Housing Services 3 Inc aims to contribute positively to the well-being and independence of its inhabitants, ensuring that they can live with dignity and security.
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Impact
July, 2024
Lutheran Housing Services 3 Inc's impact is providing housing for low-income elderly and handicapped individuals in Toledo, Ohio. This nonprofit organization operates 45 units of rental housing under HUD Section 202 and Section 8 programs. Inspired by the Christian faith, Lutheran Housing Services 3 Inc embraces individuals and families with compassionate care and services throughout life's journey, fulfilling its mission to offer affordable housing to those in need.
This information is meant to be a general summary of Lutheran Housing Services 3 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: -$872
- Program Service Revenue: $531,066
- Gross Receipts: $531,289
Assets and Liabilities:
- Total Assets: $1,062,998
- Total Liabilities: $1,251,727
- Net Assets: -$188,729
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES FROM GOVERNMENT AGENCY
Revenue
$364,324
TENANT RENTS
Revenue
$163,466
LAUNDRY INCOME - TENANTS
Revenue
$3,276
Organization Details
Founding Year
1980
Phone
(419) 861-4990Principal Officer
William R Marshall
Main Address
2021 NMCCORD, TOLEDO, OH, 43615
NTEE Category
Code: L22Z - Housing
If you are a representative of Lutheran Housing Services 3 Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.