Overview
What is Lutheran Ministries Of Mercy Inc?
Lutheran Ministries of Mercy Inc is a nonprofit organization that serves as a governing body, providing leadership for several related organizations with the primary goal of minimizing administrative expenses. Among these organizations are Filling Homes, Luther Home of Mercy, and Lutheran Social Services. By centralizing leadership, Lutheran Ministries of Mercy Inc aims to streamline operations and optimize resources across these entities, ultimately promoting efficiency and cost-effectiveness.
Official website here: www.lutheranministriesofmercy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Lutheran Ministries of Mercy Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its high standards in accountability and finance. The organization showcases a strong commitment to transparency with a perfect score for independent board members, financial oversight, and policies that promote ethical governance. The organization effectively utilizes its resources, with a program expense ratio of 92.17%, indicating that the majority of its funds are directed towards its programs.
The nonprofit's financial health is further highlighted by a favorable liabilities to assets ratio of 52.39%, suggesting a solid balance between its obligations and resources. Additionally, the charity has implemented comprehensive policies to manage conflicts of interest and ensure the protection of whistleblowers, enhancing its accountability framework.
While the ratings are impressive, potential donors and supporters should remain informed about ongoing operations and community impact to understand fully how their contributions will be used. Overall, Lutheran Ministries of Mercy Inc demonstrates a strong commitment to its mission and effective management of its financial resources.
This AI summary has been generated from information found on Charity Navigator.
Is Lutheran Ministries Of Mercy Inc legitimate?
Lutheran Ministries Of Mercy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lutheran Ministries Of Mercy 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: $257,059
Professional Fundraising Fees: $0
Other Salaries and Wages: $218,038
For more financial information, click here
Official website here: www.lutheranministriesofmercy.org
What is the mission statement of Lutheran Ministries Of Mercy Inc?
Lutheran Ministries of Mercy Inc's mission is to offer governance and executive leadership for three legacy organizations: Filling Homes, Luther Home of Mercy, and Lutheran Social Services. The primary objective is to decrease administrative expenses for these organizations to operate more efficiently. By providing leadership, the organization aims to streamline operations and ensure the smooth functioning of these related organizations.
Official website here: www.lutheranministriesofmercy.org
Who is the CEO of Lutheran Ministries Of Mercy Inc?
Terri Rodriguez is the Trustee of Lutheran Ministries Of Mercy Inc. The CEO's salary of Lutheran Ministries Of Mercy Inc is $142,953 and their total compensation is $157,888.
Official website here: www.lutheranministriesofmercy.org
What is the revenue of Lutheran Ministries Of Mercy Inc?
Lutheran Ministries Of Mercy Inc's revenue in 2022 was $1,191,017.
Official website here: www.lutheranministriesofmercy.org
Who are the executives of Lutheran Ministries Of Mercy Inc and what are their salaries?
The average compensation at Lutheran Ministries Of Mercy Inc during 2022 was $79,183. There are 6 employees and 17 volunteers at Lutheran Ministries Of Mercy Inc.
Here are 19 key members and their salaries (Lutheran Ministries Of Mercy Inc's CEO's salary is $142,953 and their total compensation is $157,888):
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- Compensation: $81,586
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- Other: $14,466
Official website here: www.lutheranministriesofmercy.org
Where can I find the form 990 for Lutheran Ministries Of Mercy Inc?
Lutheran Ministries Of Mercy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lutheranministriesofmercy.org
Learn more at the official website: www.lutheranministriesofmercy.org
Mission Statement of Lutheran Ministries Of Mercy Inc
Lutheran Ministries of Mercy Inc serves as a governing and executive body for related organizations, aiming to minimize administrative expenses. Their mission is twofold: firstly, they provide leadership for three legacy organizations, namely Filling Homes, Luther Home of Mercy, and Lutheran Social Services. By doing so, they aim to reduce the administrative costs associated with these organizations. Secondly, Lutheran Ministries of Mercy Inc extends its leadership role to other related organizations, again with the objective of reducing administrative expenses. By taking on this role, the nonprofit seeks to ensure that more of the organizations' resources are allocated towards their primary missions and services, rather than being consumed by administrative tasks.
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Impact
July, 2024
Lutheran Ministries Of Mercy Inc's impact is significant in providing governance and executive leadership for three legacy organizations: Filling Homes, Luther Home of Mercy, and Lutheran Social Services. By reducing administrative expenses through effective leadership and oversight, they ensure that resources are maximized for the benefit of those in need. Their work in the areas of housing and social services contributes to the well-being and support of individuals and communities, making a positive impact on those they serve.
This information is meant to be a general summary of Lutheran Ministries Of Mercy 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $1,187,266
- Gross Receipts: $1,191,017
Assets and Liabilities:
- Total Assets: $523,755
- Total Liabilities: $274,431
- Net Assets: $249,324
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE REVENUE
Revenue
$1,134,717
RENTAL PROCEEDS
Revenue
$52,549
Organization Details
Founding Year
2013
Phone
(419) 836-7741Principal Officer
Terri Rodriguez
Main Address
5810 N MAIN ST PO BOX 187, WILLISTON, OH, 43468
NTEE Category
Code: L80 - Housing
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