Overview
What is Salem Village Iii Inc C/O Lutheran Social Services Of Illinois?
Salem Village III Inc, under the oversight of Lutheran Social Services of Illinois, is a nonprofit organization situated in Des Plaines, Illinois. Their primary mission is to cater to the housing needs of the elderly, offering them a facility equipped with 242 units. The organization's activities are subsidized by the HUD, ensuring affordable living arrangements for this specific demographic. Salem Village III Inc is committed to providing a living environment that enhances the elderly's health, security, happiness, and overall well-being.
Official website here: www.lssi.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Salem Village III Inc, operating under Lutheran Social Services of Illinois, has achieved an overall rating of 81%, indicating a strong performance in accountability and finance. This score reflects a solid commitment to transparency and effective management practices, which are critical for ensuring donor trust and organizational sustainability.
The organization boasts a fully independent board with 100% of its members meeting this criterion, contributing to effective governance. Additionally, it has a high program expense ratio of 93.18%, demonstrating a strong focus on utilizing funds for its programs rather than administrative costs. The presence of various policies, including those for conflict of interest and whistleblower protection, further underscores its commitment to ethical practices.
While the organization has received a commendable score, ongoing monitoring of its operations and financial practices is essential to maintain and improve its performance. Donors and stakeholders may want to look for future updates about programmatic impacts and community engagement to gain a fuller picture of the organization's effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Salem Village Iii Inc C/O Lutheran Social Services Of Illinois legitimate?
Salem Village Iii Inc C/O Lutheran Social Services Of Illinois is a legitimate nonprofit organization registered as a 501(c)(3) entity. Salem Village Iii Inc C/O Lutheran Social Services Of Illinois 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: $354,260
For more financial information, click here
Official website here: www.lssi.org
What is the mission statement of Salem Village Iii Inc C/O Lutheran Social Services Of Illinois?
Salem Village III Inc., under the guidance of Lutheran Social Services of Illinois, is dedicated to providing housing facilities and services tailored to the unique needs of the elderly. Their mission is to enhance the health, security, happiness, and productivity of elderly individuals, promoting a sense of community and well-being. The organization operates a housing facility with 242 units, offering a supportive environment where elderly individuals can reside and lead fulfilling lives.
Official website here: www.lssi.org
Who is the CEO of Salem Village Iii Inc C/O Lutheran Social Services Of Illinois?
Mark A Stutrud is the Ceo of Salem Village Iii Inc C/O Lutheran Social Services Of Illinois. The CEO's salary of Salem Village Iii Inc C/O Lutheran Social Services Of Illinois is $0 and their total compensation is $821,672.
Official website here: www.lssi.org
What is the revenue of Salem Village Iii Inc C/O Lutheran Social Services Of Illinois?
Salem Village Iii Inc C/O Lutheran Social Services Of Illinois's revenue in 2023 was $4,679,542.
Official website here: www.lssi.org
Who are the executives of Salem Village Iii Inc C/O Lutheran Social Services Of Illinois and what are their salaries?
There 13 volunteers at Salem Village Iii Inc C/O Lutheran Social Services Of Illinois.
Here are 17 key members and their salaries (Salem Village Iii Inc C/O Lutheran Social Services Of Illinois's CEO's salary is $0 and their total compensation is $821,672):
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- Other: $63,277
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- Related: $120,681
- Other: $7,992
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Official website here: www.lssi.org
Where can I find the form 990 for Salem Village Iii Inc C/O Lutheran Social Services Of Illinois?
Salem Village Iii Inc C/O Lutheran Social Services Of Illinois's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lssi.org
Learn more at the official website: www.lssi.org
Mission Statement of Salem Village Iii Inc C/O Lutheran Social Services Of Illinois
Salem Village III Inc., under the umbrella of Lutheran Social Services of Illinois, is a service corporation with a mission to cater to the unique needs of elderly individuals. Their primary objective is to provide elderly individuals with housing facilities that are specifically designed to enhance their health, security, happiness, and productivity. This nonprofit organization believes in promoting a sense of well-being and usefulness among the elderly, offering them a living environment that caters to their special requirements.
Salem Village III Inc. has fulfilled its mission by providing housing facilities for elderly individuals. Their facility houses 242 units, each designed to cater to the specific needs of its elderly residents. This housing complex serves as a sanctuary for elderly individuals, offering them a safe and secure environment where they can enjoy their golden years with peace of mind. The organization's mission is not just about providing a roof over their heads but also about promoting their overall well-being and ensuring that they lead a happy and fulfilling life.
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Impact
October, 2024
Salem Village III Inc, operating under the umbrella of Lutheran Social Services of Illinois, significantly impacts the lives of elderly individuals by providing HUD-subsidized housing specifically tailored for their needs. With a facility comprising 242 units, it offers a safe and supportive environment where seniors can maintain their independence while having access to essential services.
The organization is dedicated to enhancing the quality of life for its residents. By promoting health, security, and happiness, it creates a sense of community that fosters social interaction and engagement among seniors. This holistic approach not only addresses their housing needs but also supports their well-being, allowing them to lead fulfilling lives.
In Des Plaines, IL, Salem Village III stands as a crucial resource for elderly individuals, ensuring they have stable housing and access to amenities that cater to their unique requirements. The focus on happiness and usefulness goes beyond mere shelter, aiming to empower residents to thrive in their golden years.
This information is meant to be a general summary of Salem Village Iii Inc C/O Lutheran Social Services Of Illinois. 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: $19,259
- Program Service Revenue: $4,624,642
- Gross Receipts: $4,789,699
Assets and Liabilities:
- Total Assets: $6,224,605
- Total Liabilities: $11,340,174
- Net Assets: -$5,115,569
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEDICARE/MEDICAID FEES
Revenue
$1,957,963
TENANT RENTS
Revenue
$1,574,059
GOVERNMENT CONTRACTS
Revenue
$1,092,620
Organization Details
Founding Year
1976
Phone
(847) 635-4600Principal Officer
Mark A Stutrud
Main Address
1001 E TOUHY AVENUE 50, DES PLAINES, IL, 60018
Website
www.lssi.orgNTEE Category
Code: L22Z - Housing
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