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Luther Crest Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 421492887 ✦ Bettendorf, IA ✦ Designated as a 501(c)(3)

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Overview

What is Luther Crest Inc?

Luther Crest Inc is a nonprofit organization situated in Bettendorf, Iowa, with a specific focus on providing affordable housing for the elderly. Their mission is to cater to the unique needs of elderly or disabled individuals, ensuring their physical, social, and psychological well-being. They offer 77 units of quality housing, aiming to promote their health, security, happiness, and overall usefulness in living longer. The organization's primary activity is dedicated to offering affordable housing solutions for low-income senior citizens, thereby enriching their living experience.

Is Luther Crest Inc legitimate?

Luther Crest Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Luther Crest 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: $131,178

For more financial information, click here

What is the mission statement of Luther Crest Inc?

Luther Crest Inc's mission is centered around providing housing and services for elderly or disabled individuals, tailored to meet their physical, social, and psychological needs. The organization's primary goal is to promote their health, security, happiness, and usefulness in longer living. By offering 77 units of affordable quality housing, Luther Crest Inc aims to enhance the living conditions of its residents, ensuring a sense of security and well-being. The organization's activities are geared towards improving the overall quality of life for its elderly or disabled residents, fostering a supportive environment that encourages their health, happiness, and independence.

Who is the CEO of Luther Crest Inc?

Nancy Beaderstadt is the President of Luther Crest Inc.

What is the revenue of Luther Crest Inc?

Luther Crest Inc's revenue in 2022 was $422,550.

Who are the executives of Luther Crest Inc and what are their salaries?

There 10 volunteers at Luther Crest Inc.


Here are 15 key members and their salaries:


Joyce Marinaccio (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kim Wilkins (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Newman (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerrilea Jay Eldredge (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Krebs (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nancy Beaderstadt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jane Rock (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shari Schledewitz (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Craig Schledewitz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Whiteman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brenda Sehmann (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rolly Sehmann (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Virginia Helble (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wylie Pillers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Schoville (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Luther Crest Inc?

Luther Crest Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Luther Crest Inc

Luther Crest Inc, a nonprofit organization, is dedicated to providing elderly or disabled individuals with specialized housing facilities and services that cater to their physical, social, and psychological needs. This mission is designed to enhance their health, security, happiness, and overall usefulness in their later years. By offering 77 units of affordable quality housing, Luther Crest Inc strives to create an environment that promotes the well-being of its senior citizens, ensuring they can live with dignity and independence.

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Impact




October, 2024

Luther Crest Inc significantly impacts the community by offering 77 units of affordable quality housing specifically designed for low-income senior citizens. Located in Bettendorf, Iowa, the organization addresses the critical need for housing among the elderly and disabled, ensuring that these individuals have access to facilities that cater to their unique physical, social, and psychological needs.

By providing a supportive living environment, Luther Crest promotes the health, security, happiness, and overall well-being of its residents, allowing them to maintain a sense of usefulness and independence as they age. This initiative not only improves the quality of life for seniors but also strengthens the community by fostering social connections and enhancing the overall fabric of society.




This information is meant to be a general summary of Luther Crest 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.

Revenue
$422,550 (2022)
Expenses
$565,622 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $32
  • Program Service Revenue: $422,518
  • Gross Receipts: $422,550

Assets and Liabilities:

  • Total Assets: $2,931,887
  • Total Liabilities: $81,725
  • Net Assets: $2,850,162

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL REVENUE

Revenue

$416,754

LAUNDRY & VENDING

Revenue

$5,764

Organization Details

Founding Year

1999

Principal Officer

Nancy Beaderstadt

Main Address

3118 DEVILS GLEN ROAD, BETTENDORF, IA, 52722

NTEE Category

Code: L50 - Housing

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