Overview
What is 323 Sbs Fund Inc?
323 Sbs Fund Inc is a 501c-3 charitable organization situated in Trenton, New Jersey. Its primary purpose is to enrich and improve the lives of residents at Luther Arms, Inc., a Section 8/202 HUD-sponsored housing facility in the same city. This is achieved through annual community support, where a portion of the fund's assets and income is distributed to local Church-related and non-profit community organizations in Mercer County, New Jersey. The Luther Arms building houses 150 apartments for rent. Overall, the 323 Sbs Fund Inc aims to contribute to the well-being of its community by supporting the mission of Luther Arms, Inc.
Is 323 Sbs Fund Inc legitimate?
323 Sbs Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 323 Sbs Fund 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: $0
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What is the mission statement of 323 Sbs Fund Inc?
The 323 SBS Fund is a charitable organization with a mission to support the broader objectives of Luther Arms, Inc., a housing facility affiliated with the Lutheran Church. This charitable fund aims to enrich the lives of the residents of Luther Arms, which is a Section 8/202 HUD-sponsored housing facility. To accomplish this, the 323 SBS Fund distributes a portion of its assets and income annually to Church-related and non-profit community organizations in the local Mercer County area. The primary objective of this fund is to contribute positively to the community it serves.
Who is the CEO of 323 Sbs Fund Inc?
Richard M Sword-Ttee is the Principal Officer of 323 Sbs Fund Inc.
What is the revenue of 323 Sbs Fund Inc?
323 Sbs Fund Inc's revenue in 2022 was $20,011.
Who are the executives of 323 Sbs Fund Inc and what are their salaries?
There 9 volunteers at 323 Sbs Fund Inc.
Here are 9 key members and their salaries:
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Where can I find the form 990 for 323 Sbs Fund Inc?
323 Sbs Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 323 Sbs Fund Inc
The 323 SBS Fund is a charitable organization with a mission to support the broader objectives of Luther Arms, Inc., a Lutheran Church-related housing facility. This fund aims to enrich the lives of the residents living in the Luther Arms Housing Community, a Section 8/202 HUD-sponsored housing facility located in Trenton, New Jersey. The 323 SBS Fund accomplishes this mission by distributing a portion of its assets and income annually to Church-related and non-profit community organizations within the local Mercer County area. The Luther Arms Building, managed by this fund, offers 150 apartments available for rent, providing a secure and supportive living environment for its residents.
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Impact
August, 2024
323 SBS Fund Inc has a profound impact on the Luther Arms, Inc housing community in Trenton, NJ. As a charitable fund, it supports the general mission of providing affordable housing and community services to residents. By supplementing and enhancing the lives of individuals living in the Luther Arms building, the fund contributes to the well-being and stability of the community. Additionally, through its annual distribution of assets to local nonprofit organizations in Mercer County, the 323 SBS Fund Inc extends its impact beyond the housing facility, positively influencing the broader community.
This information is meant to be a general summary of 323 Sbs Fund 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.
- Investment Income: $20,011
- Gross Receipts: $20,011
Assets and Liabilities:
- Total Assets: $645,428
- Total Liabilities: $0
- Net Assets: $645,428
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Organization Details
Founding Year
2015
Phone
(609) 865-4558Principal Officer
Richard M Sword-Ttee
Main Address
323 South Broad Street, Trenton, NJ, 08608
NTEE Category
Code: L12 - Housing
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