Overview
What is Northland Lutheran Affordable Living For The Elderly?
Northland Lutheran Affordable Living for the Elderly, operating under the name NewHope Heights, is a nonprofit organization situated in Menominee, Michigan. Its primary mission is to provide affordable housing for elderly individuals with annual incomes below a certain threshold, as determined by the U.S. Department of Housing and Urban Development. The organization manages 17 apartments as part of its Section 202 subsidized housing program under the National Housing Act of 1959. Residents of Northland Lutheran enjoy a secure living environment with maintenance-free amenities, including transportation services for shopping, activities, library visits, and grocery deliveries. The organization's goal is to improve the quality of life for its elderly residents while ensuring they can maintain their independence.
Official website here: www.northlandlutheranwi.com/newhope-heights
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star Rating)
Northland Lutheran Affordable Living for the Elderly has received a commendable score of 82%, indicating a solid level of accountability and financial health. The rating reflects a focus solely on the Accountability & Finance beacon, showcasing the organization's commitment to transparency and responsible financial practices.
The charity's strengths are evident in its governance, with 100% of board members being independent, which supports unbiased decision-making. Additionally, the organization has implemented comprehensive policies regarding conflicts of interest, whistleblower protections, and document retention, all of which contribute to a high level of operational integrity. The program expense ratio is notable at 78.83%, demonstrating a strong commitment to directing funds toward its mission.
However, the organization does face a significant concern with a liabilities to assets ratio of 145.53%, suggesting that its liabilities exceed its assets. This may indicate financial strain and could impact its long-term sustainability. Overall, while Northland Lutheran Affordable Living for the Elderly has effective governance and accountability measures in place, potential donors may want to consider its financial ratios when evaluating its overall stability.
This AI summary has been generated from information found on Charity Navigator.
Is Northland Lutheran Affordable Living For The Elderly legitimate?
Northland Lutheran Affordable Living For The Elderly is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northland Lutheran Affordable Living For The Elderly 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: $14,571
For more financial information, click here
Official website here: www.northlandlutheranwi.com/newhope-heights
What is the mission statement of Northland Lutheran Affordable Living For The Elderly?
Northland Lutheran Affordable Living for the Elderly is dedicated to providing 17 apartments for low-income, Section 8 subsidized elderly housing, in accordance with Section 202 of the National Housing Act of 1959. The organization prioritizes elderly individuals whose annual income falls below the threshold determined by the U.S. Department of Housing and Urban Development. It offers a secure and maintenance-free living environment, complete with special amenities such as van transportation for shopping, activities, library, and grocery deliveries. By providing this housing, Northland Lutheran Affordable Living for the Elderly aims to contribute to the well-being of elderly individuals, ensuring they can live in a comfortable and supported setting.
Official website here: www.northlandlutheranwi.com/newhope-heights
Who is the CEO of Northland Lutheran Affordable Living For The Elderly?
Darrell Lancour is the Chairperson of Northland Lutheran Affordable Living For The Elderly. The CEO's salary of Northland Lutheran Affordable Living For The Elderly is $0 and their total compensation is $111,794.
Official website here: www.northlandlutheranwi.com/newhope-heights
What is the revenue of Northland Lutheran Affordable Living For The Elderly?
Northland Lutheran Affordable Living For The Elderly's revenue in 2022 was $89,204.
Official website here: www.northlandlutheranwi.com/newhope-heights
Who are the executives of Northland Lutheran Affordable Living For The Elderly and what are their salaries?
The average compensation at Northland Lutheran Affordable Living For The Elderly during 2022 was $7,286. There are 2 employees and 3 volunteers at Northland Lutheran Affordable Living For The Elderly.
Here are 4 key members and their salaries (Northland Lutheran Affordable Living For The Elderly's CEO's salary is $0 and their total compensation is $111,794):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $107,644
- Other: $4,150
Official website here: www.northlandlutheranwi.com/newhope-heights
Where can I find the form 990 for Northland Lutheran Affordable Living For The Elderly?
Northland Lutheran Affordable Living For The Elderly's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.northlandlutheranwi.com/newhope-heights
Learn more at the official website: www.northlandlutheranwi.com/newhope-heights
Mission Statement of Northland Lutheran Affordable Living For The Elderly
Northland Lutheran Affordable Living for the Elderly is committed to providing a home for low-income elderly individuals. Operating under Section 202 of the National Housing Act of 1959, this nonprofit organization offers 17 subsidized apartments. The primary focus is on individuals whose annual income falls below the threshold set by the U.S. Department of Housing and Urban Development. By providing these subsidized apartments, Northland Lutheran Affordable Living for the Elderly ensures that elderly individuals have access to a secure and maintenance-free living environment. This environment offers additional amenities such as van transportation for shopping, activities, library, and grocery deliveries, enhancing the overall quality of life for its residents.
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Impact
October, 2024
Northland Lutheran Affordable Living for the Elderly provides a vital service by offering 17 apartments specifically designed for low-income elderly individuals. By utilizing Section 8 subsidies under the National Housing Act of 1959, it ensures that residents with yearly incomes below federally determined thresholds have access to secure and affordable housing.
With an impressive average occupancy rate of 89% in 2022, the facility addresses a significant need for affordable housing in the Menominee, MI, area. The living environment is not only maintenance-free but also prioritizes the well-being and convenience of its residents through various amenities. These include van transportation for shopping, organized activities, access to a library, and grocery delivery services, which help enhance the quality of life and promote independence among the elderly community.
Overall, this initiative plays a crucial role in alleviating housing insecurity for seniors, fostering a sense of community, and supporting their important needs in everyday life.
This information is meant to be a general summary of Northland Lutheran Affordable Living For The Elderly. 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: $7
- Program Service Revenue: $89,197
- Gross Receipts: $89,204
Assets and Liabilities:
- Total Assets: $841,123
- Total Liabilities: $1,224,129
- Net Assets: -$383,006
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL PAYMENTS
Revenue
$83,414
RESIDENT ACTIVITIES
Revenue
$2,427
LAUNDRY FACILITIES
Revenue
$1,965
GARAGE/AC RENTALS
Revenue
$1,391
Organization Details
Founding Year
2001
Phone
(906) 864-2168Principal Officer
Darrell Lancour
Main Address
1520 46TH AVE, MENOMINEE, MI, 49858
NTEE Category
Code: L22 - Housing
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