Overview
What is Topeka Lutheran Home Assn Inc?
Topeka Lutheran Home Assistance Inc., located at 5629 SW Barrington CT S, Topeka, KS 66614, is a nonprofit organization dedicated to facilitating the availability of low to moderate income housing. In 2019, they restructured the ownership and financing of 199 such units. The organization holds a limited liability company interest and a limited partnership interest in Luther Place Limited Partnership, which collectively owns these units. With a workforce of 12 individuals, Topeka Lutheran Home Assn Inc. continues to contribute to the provision of affordable housing options in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating.
Topeka Lutheran Home Association Inc has received a moderate rating on Charity Navigator, indicating some strengths in financial accountability and organizational governance. The organization boasts a fully independent board, a favorable liabilities to assets ratio, and a 100% program expense ratio, suggesting that all expenditures are directed toward its mission. However, the absence of a website linked to its tax form and missing policies related to conflict of interest and whistleblowing are significant drawbacks.
While the nonprofit demonstrates strong financial management, the lack of transparency and governance policies may raise concerns among potential donors. The organization documents its board meeting minutes, which reflects a level of accountability. However, improving its online presence and establishing comprehensive governance policies could enhance trust and credibility with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Topeka Lutheran Home Assn Inc legitimate?
Topeka Lutheran Home Assn Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Topeka Lutheran Home Assn 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:
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Other Salaries and Wages: $0
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What is the mission statement of Topeka Lutheran Home Assn Inc?
Topeka Lutheran Home Assistance Inc's mission is centered around facilitating the availability of low to moderate income housing. In 2019, they decoupled and restructured the ownership and financing of 199 such housing units. The association maintains a limited liability company interest and a limited partnership interest, which are partners in Luther Place Limited Partnership, the entity that owns these units. In essence, Topeka Lutheran Home Assn Inc is dedicated to making affordable housing options accessible to individuals with modest incomes.
Who is the CEO of Topeka Lutheran Home Assn Inc?
Dennis Payne is the Board Member of Topeka Lutheran Home Assn Inc.
What is the revenue of Topeka Lutheran Home Assn Inc?
Topeka Lutheran Home Assn Inc's revenue in 2022 was $22,538.
Who are the executives of Topeka Lutheran Home Assn Inc and what are their salaries?
There are 12 employees at Topeka Lutheran Home Assn Inc.
Here are 11 key members and their salaries:
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Where can I find the form 990 for Topeka Lutheran Home Assn Inc?
Topeka Lutheran Home Assn Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Topeka Lutheran Home Assn Inc
Topeka Lutheran Home Assn Inc, as a nonprofit organization, is committed to facilitating the availability of low to moderate income housing. Through decoupling and restructuring ownership and financing, the association managed to make 199 units of affordable housing accessible during 2019. By owning a limited liability company and limited partnership interest in Luther Place Limited Partnership, Topeka Lutheran Home Assn Inc is a partner in the ownership of these housing units, thereby contributing to the provision of affordable housing options for those in need.
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Impact
August, 2024
Topeka Lutheran Home Assn Inc's impact lies in its facilitation of low to moderate income housing availability. In 2019, TLHA, Inc. decoupled and restructured the ownership and financing of 199 such housing units. Through its ownership interests in various entities like Luther Place Limited Partnership, this organization plays a vital role in providing essential housing options for individuals in need. By focusing on human services and specifically addressing the housing needs of low to moderate income individuals, Topeka Lutheran Home Assn Inc is making a tangible impact in the community by ensuring that those in need have access to safe and affordable housing options.
This information is meant to be a general summary of Topeka Lutheran Home Assn 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: $22,538
- Gross Receipts: $22,538
Assets and Liabilities:
- Total Assets: $1,988,387
- Total Liabilities: $0
- Net Assets: $1,988,387
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Organization Details
Founding Year
1967
Phone
(785) 273-2995Principal Officer
Dennis Payne
Main Address
5629 SW BARRINGTON CT S, TOPEKA, KS, 66614
NTEE Category
Code: P75 - Human services
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