Overview
What is Lutheran Housing Corporation Of Alpena?
Lutheran Housing Corporation of Alpena is a nonprofit organization that primarily focuses on providing housing facilities and services tailored to meet the unique needs of elderly and handicapped individuals. Situated in Detroit, Michigan, their mission is to promote the health, security, and happiness of these individuals through longer living. They operate a 66-unit apartment complex, which is subsidized by HUD, offering specialized housing and services to cater to their physical, social, and psychological needs. The organization charges for these facilities and services based on a breakeven basis, ensuring affordability for the residents.
Official website here: www.samaritas.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (64%)
The Lutheran Housing Corporation of Alpena has received a "Needs Improvement" rating, reflecting a score of 64%. This indicates concerns regarding its accountability and financial health. While the organization benefits from a fully independent board and robust policies in place, such as conflict of interest and whistleblower protections, it struggles in areas that significantly affect its overall rating.
Strengths of the organization include a strong oversight committee and no reported material diversion of assets. Additionally, it has a fully independent board, which enhances governance. However, the financial aspects raise red flags, particularly the liabilities to assets ratio, which stands at an alarming 136.41%, indicating potential financial instability. The program expense ratio of 56.53% suggests that a smaller percentage of its expenses are directed towards its core mission.
One notable limitation is the absence of the nonprofit's tax form on its website, which impacts transparency and accessibility of crucial financial information for stakeholders. This combined with the financial concerns highlighted suggests that while the organization has a solid governance structure, there are significant improvements needed in financial management and transparency to bolster its overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is Lutheran Housing Corporation Of Alpena legitimate?
Lutheran Housing Corporation Of Alpena is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lutheran Housing Corporation Of Alpena 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: $86,310
For more financial information, click here
Official website here: www.samaritas.org
What is the mission statement of Lutheran Housing Corporation Of Alpena?
The Lutheran Housing Corporation provides specialized housing facilities and services tailored to the needs of elderly and handicapped individuals. Their mission is to operate a 66-unit apartment complex, subsidized by HUD, which offers housing to these individuals, ensuring their physical, social, and psychological needs are met. The organization aims to promote their health, security, and happiness through longer living, with charges based on a breakeven basis. The project's primary objective is to enhance the well-being of these individuals, providing them with a secure and comfortable living environment.
Official website here: www.samaritas.org
Who is the CEO of Lutheran Housing Corporation Of Alpena?
Phyllis Colagross is the Board Member of Lutheran Housing Corporation Of Alpena.
Official website here: www.samaritas.org
What is the revenue of Lutheran Housing Corporation Of Alpena?
Lutheran Housing Corporation Of Alpena's revenue in 2022 was $647,165.
Official website here: www.samaritas.org
Who are the executives of Lutheran Housing Corporation Of Alpena and what are their salaries?
There 3 volunteers at Lutheran Housing Corporation Of Alpena.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.samaritas.org
Where can I find the form 990 for Lutheran Housing Corporation Of Alpena?
Lutheran Housing Corporation Of Alpena's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.samaritas.org
Learn more at the official website: www.samaritas.org
Mission Statement of Lutheran Housing Corporation Of Alpena
Lutheran Housing Corporation of Alpena is committed to providing elderly and handicapped individuals with housing facilities and services tailored to their specific needs. The organization operates a 66-unit apartment complex, funded by the HUD, which serves as a home for these vulnerable individuals. The mission of Lutheran Housing Corporation of Alpena is to ensure that these residents live in an environment that caters to their physical, social, and psychological needs. By doing so, the organization aims to promote their health, security, and happiness, ultimately contributing to their overall well-being and longer living. The charges for these facilities and services are established on a break-even basis, demonstrating the organization's dedication to providing accessible and affordable housing options for those in need.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Lutheran Housing Corporation Of Alpena's impact is evident in its provision of housing facilities and services specifically tailored to meet the needs of elderly and handicapped individuals. Through its 66-unit apartment complex, the organization promotes the physical, social, and psychological well-being of its residents, thereby enhancing their health, security, and overall happiness. By operating a subsidized housing project, Lutheran Housing Corporation Of Alpena plays a crucial role in supporting vulnerable populations and enabling them to lead more fulfilling and independent lives.
This information is meant to be a general summary of Lutheran Housing Corporation Of Alpena. 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: -$64,361
- Program Service Revenue: $681,899
- Gross Receipts: $712,004
Assets and Liabilities:
- Total Assets: $1,930,431
- Total Liabilities: $2,633,470
- Net Assets: -$703,039
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT RENT
Revenue
$676,152
LAUNDRY & VENDING
Revenue
$4,687
SPECIAL CLAIMS REVENUE
Revenue
$463
FORFEITED SECURITY DEP
Revenue
$301
OTHER TENANT CHARGES
Revenue
$296
Organization Details
Founding Year
1984
Phone
(313) 823-7700Principal Officer
Phyllis Colagross
Main Address
8131 E JEFFERSON, DETROIT, MI, 48214
Website
www.samaritas.orgNTEE Category
Code: L200 - Housing
If you are a representative of Lutheran Housing Corporation Of Alpena 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.