Overview
What is Freeport Senior Housing Inc C/O Lutheran Social Services Of Illinois?
Freeport Senior Housing Inc, in affiliation with Lutheran Social Services of Illinois, is a nonprofit organization situated in Des Plaines, Illinois. Their primary mission is to provide housing for the elderly, offering 60 units designed for affordable living. Operating under HUD subsidies, this service corporation is dedicated to enhancing the well-being of elderly individuals, promoting their health, security, happiness, and overall utility. Their facilities cater specifically to the unique needs of senior residents, aiming to create an environment that supports and uplifts them.
Official website here: www.lssi.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87%, Three-Star out of Four Star rating.
Freeport Senior Housing Inc. has earned an 87% score from Charity Navigator, reflecting a strong emphasis on accountability and finance. The organization's score is derived solely from this beacon, which highlights its commitment to transparent financial practices and effective governance. The presence of an entirely independent board and robust audit and oversight mechanisms contributes positively to its rating.
The nonprofit excels in areas such as program expense ratio, where it allocates 88.45% of its budget to programs, indicating a strong dedication to its mission. Furthermore, it has implemented essential policies like conflict of interest and whistleblower protections, reinforcing its accountability. These factors suggest a well-managed organization prioritizing the welfare of its constituents.
However, the organization faces some challenges, particularly in its liabilities to assets ratio, which stands at 62.63%. While this figure does not detract significantly from its overall score, it points to a potential area for financial improvement that stakeholders may want to monitor. Overall, Freeport Senior Housing Inc. demonstrates a solid foundation in governance and financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Freeport Senior Housing Inc C/O Lutheran Social Services Of Illinois legitimate?
Freeport Senior Housing Inc C/O Lutheran Social Services Of Illinois is a legitimate nonprofit organization registered as a 501(c)(3) entity. Freeport Senior Housing 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: $121,068
For more financial information, click here
Official website here: www.lssi.org
What is the mission statement of Freeport Senior Housing Inc C/O Lutheran Social Services Of Illinois?
Freeport Senior Housing Inc, under the umbrella of Lutheran Social Services of Illinois, is established with the purpose of offering housing facilities and services tailored to the unique needs of the elderly. The organization's mission is to enhance the health, security, happiness, and productivity of elderly individuals by providing them with suitable housing. Freeport Senior Housing Inc operates a facility equipped with 60 units designed for affordable housing. This housing endeavors to promote the well-being and contentment of its elderly residents.
Official website here: www.lssi.org
Who is the CEO of Freeport Senior Housing Inc C/O Lutheran Social Services Of Illinois?
Mark A Stutrud is the Ceo of Freeport Senior Housing Inc C/O Lutheran Social Services Of Illinois. The CEO's salary of Freeport Senior Housing 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 Freeport Senior Housing Inc C/O Lutheran Social Services Of Illinois?
Freeport Senior Housing Inc C/O Lutheran Social Services Of Illinois's revenue in 2023 was $647,712.
Official website here: www.lssi.org
Who are the executives of Freeport Senior Housing Inc C/O Lutheran Social Services Of Illinois and what are their salaries?
There 13 volunteers at Freeport Senior Housing Inc C/O Lutheran Social Services Of Illinois.
Here are 17 key members and their salaries (Freeport Senior Housing 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: $7,992
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Official website here: www.lssi.org
Where can I find the form 990 for Freeport Senior Housing Inc C/O Lutheran Social Services Of Illinois?
Freeport Senior Housing 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 Freeport Senior Housing Inc C/O Lutheran Social Services Of Illinois
Freeport Senior Housing Inc, a service corporation under Lutheran Social Services of Illinois, is dedicated to serving the elderly population. Their mission is to provide elderly individuals with housing facilities and services tailored to meet their unique needs. This organization is committed to promoting the elderly's health, security, happiness, and usefulness. Freeport Senior Housing Inc operates with a 60-unit facility, offering affordable housing options for the elderly. This housing is designed to cater to their specific requirements, ensuring they live in a safe, comfortable, and supportive environment.
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Impact
July, 2024
Freeport Senior Housing Inc, operated by Lutheran Social Services of Illinois, provides essential HUD subsidized housing for the elderly in Des Plaines, Illinois. With a facility offering 60 units of affordable housing, the organization plays a crucial role in ensuring that elderly individuals have a safe and supportive place to live. Their mission focuses on meeting the special needs of seniors, promoting their health, security, happiness, and overall well-being. Through their commitment to providing affordable housing and tailored services, Freeport Senior Housing Inc positively impacts the lives of elderly residents in the community, offering them a place to call home where they can thrive and live with dignity.
This information is meant to be a general summary of Freeport Senior Housing 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: $7,405
- Program Service Revenue: $631,713
- Gross Receipts: $647,712
Assets and Liabilities:
- Total Assets: $2,071,372
- Total Liabilities: $1,297,343
- Net Assets: $774,029
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GOVERNMENT CONTRACTS
Revenue
$389,505
TENANT RENTS
Revenue
$242,208
Organization Details
Founding Year
1991
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: L20Z - Housing
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