Overview
What is Lutheran Housing Services 5 Inc?
Lutheran Housing Services 5 Inc, operating under the name Luther Meadow, is a nonprofit organization based in Toledo, Ohio. With a focus on compassionate care, they provide housing for low-income elderly and handicapped individuals, adhering to their mission statement inspired by Christian faith. Their housing solutions are facilitated through two federal programs: HUD Section 202 and Section 8. With a dedicated workforce of one employee, they strive to make a positive impact on the lives of those in need by offering housing solutions within their community.
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 5 Inc has received a Three-Star rating from Charity Navigator, indicating a satisfactory level of accountability and financial health. The charity's overall score is 81%, based entirely on its Accountability & Finance score. This rating reflects a strong commitment to transparency and governance, as evidenced by its 100% independent board members and the availability of financial oversight mechanisms.
The organization excels in several key areas, including the management of its financial resources, with a program expense ratio of 75.63%. This high ratio indicates that a significant portion of its expenditures is directed toward its programs rather than administrative costs. Additionally, Lutheran Housing Services has implemented important policies such as conflict of interest, whistleblower, and document retention, further enhancing its accountability practices.
While the charity shows strong performance in governance and financial management, potential donors should consider that the rating reflects only the Accountability & Finance aspects. There may be areas related to program impact and effectiveness that are not captured in this score, which could be essential for a holistic understanding of the organization's performance.
This AI summary has been generated from information found on Charity Navigator.
Is Lutheran Housing Services 5 Inc legitimate?
Lutheran Housing Services 5 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lutheran Housing Services 5 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: $54,186
For more financial information, click here
Official website here: www.genacrosslutheranservices.org
What is the mission statement of Lutheran Housing Services 5 Inc?
Lutheran Housing Services 5 Inc's mission is centered around providing housing for individuals who are elderly and have disabilities, falling under the low-income category. Inspired by their Christian faith, they offer compassionate care and services, aiming to support individuals and families throughout their life's journey. This is carried out through the provision of 45 units of rental housing, funded by HUD Section 202 and Section 8 programs, as per their mission statement.
Official website here: www.genacrosslutheranservices.org
Who is the CEO of Lutheran Housing Services 5 Inc?
William R Marshall is the Prsident/Ceo of Lutheran Housing Services 5 Inc. The CEO's salary of Lutheran Housing Services 5 Inc is $0 and their total compensation is $391,925.
Official website here: www.genacrosslutheranservices.org
What is the revenue of Lutheran Housing Services 5 Inc?
Lutheran Housing Services 5 Inc's revenue in 2022 was $559,461.
Official website here: www.genacrosslutheranservices.org
Who are the executives of Lutheran Housing Services 5 Inc and what are their salaries?
The average compensation at Lutheran Housing Services 5 Inc during 2022 was $54,186. There is 1 employee and 17 volunteers at Lutheran Housing Services 5 Inc.
Here are 15 key members and their salaries (Lutheran Housing Services 5 Inc's CEO's salary is $0 and their total compensation is $391,925):
- Compensation: $0
- Related: $327,636
- Other: $64,289
- Compensation: $0
- Related: $221,861
- Other: $37,726
- Compensation: $0
- Related: $150,997
- Other: $25,094
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- 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 5 Inc?
Lutheran Housing Services 5 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 5 Inc
Lutheran Housing Services 5 Inc is dedicated to providing housing solutions for low-income elderly and handicapped individuals. In line with their Christian faith, they offer compassionate care and services throughout various stages of life's journey. Their mission statement emphasizes the provision of 45 units of rental housing for the elderly under HUD Section 202 and Section 8. This commitment to housing the vulnerable segment of society is a testament to their compassionate approach, aiming to provide a secure living environment for those in need.
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Impact
July, 2024
Lutheran Housing Services 5 Inc's impact lies in providing housing for low-income elderly and handicapped individuals in Toledo, Ohio. With 45 units of rental housing under HUD Section 202 and Section 8, their mission statement, inspired by the Christian faith, emphasizes compassionate care and services throughout life's journey. Through their dedicated efforts, Lutheran Housing Services 5 Inc is addressing the critical need for affordable and supportive housing for vulnerable populations in the community.
This information is meant to be a general summary of Lutheran Housing Services 5 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: $553
- Program Service Revenue: $556,227
- Gross Receipts: $559,461
Assets and Liabilities:
- Total Assets: $1,176,229
- Total Liabilities: $1,313,233
- Net Assets: -$137,004
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES FROM GOVERMENT AGENCIES
Revenue
$402,140
TENANT RENT
Revenue
$153,024
LAUNDRY INCOME - TENANT
Revenue
$1,063
Organization Details
Founding Year
1980
Phone
(419) 861-4990Principal Officer
William R Marshall
Main Address
2021 N MCCORD, TOLEDO, OH, 43615
NTEE Category
Code: L22Z - Housing
If you are a representative of Lutheran Housing Services 5 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.