Overview
What is Lutheran Senior Services Inc?
Lutheran Senior Services Inc, located in Wilmington, Delaware, is a nonprofit organization that dedicates its efforts to providing housing solutions for the elderly and handicapped. Their mission is to offer secure, safe, and dignified living environments in Luther Towers I and II, ensuring peace and a sense of responsible community. With a team of 17 employees, they provide 217 one-bedroom and 145 efficiency apartments for rent, aiming to enhance the quality of life for their eligible residents. The primary focus of Lutheran Senior Services Inc is to create an atmosphere that promotes independence and well-being for their elderly population.
Official website here: www.luthertowers.com
What are the reviews and ratings of this charity?
Charity Navigator Rating 84% - Three-Star out of Four Star rating
Lutheran Senior Services Inc has received an overall score of 84%, earning a Three-Star rating based on Accountability & Finance. The evaluation indicates strong governance practices, with a fully independent board and comprehensive financial oversight, highlighting the organization's commitment to transparency and accountability.
The nonprofit excels in several key areas, including having no material diversion of assets, a clear conflict of interest policy, and a solid program expense ratio of 84.13%, which reflects effective fund allocation towards its mission. These factors contribute positively to the organization’s financial health and operational integrity.
However, the organization does face some challenges, particularly in its liabilities to assets ratio, which stands at 65.48%. While this is a key metric for financial stability, it suggests there may be room for improvement in managing debts relative to its assets. Overall, Lutheran Senior Services Inc demonstrates a strong operational framework with some areas that could be optimized for better financial resilience.
This AI summary has been generated from information found on Charity Navigator.
Is Lutheran Senior Services Inc legitimate?
Lutheran Senior Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lutheran Senior Services 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: $253,439
Professional Fundraising Fees: $0
Other Salaries and Wages: $683,027
For more financial information, click here
Official website here: www.luthertowers.com
What is the mission statement of Lutheran Senior Services Inc?
Lutheran Senior Services Inc's mission is centered around providing suitable, secure, and safe housing for individuals of limited income, particularly the elderly and handicapped. The organization aims to create an environment that fosters peace, dignity, and a sense of responsible community. To achieve this goal, they utilize management staff and volunteers to offer necessary support services.
Official website here: www.luthertowers.com
Who is the CEO of Lutheran Senior Services Inc?
John Teoli is the President of Lutheran Senior Services Inc.
Official website here: www.luthertowers.com
What is the revenue of Lutheran Senior Services Inc?
Lutheran Senior Services Inc's revenue in 2022 was $4,423,214.
Official website here: www.luthertowers.com
Who are the executives of Lutheran Senior Services Inc and what are their salaries?
The average compensation at Lutheran Senior Services Inc during 2022 was $55,086. There are 17 employees at Lutheran Senior Services Inc.
Here are 9 key members and their salaries:
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- Compensation: $231,740
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- Other: $21,699
- Compensation: $104,143
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- Other: $623
Official website here: www.luthertowers.com
Where can I find the form 990 for Lutheran Senior Services Inc?
Lutheran Senior Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.luthertowers.com
Learn more at the official website: www.luthertowers.com
Mission Statement of Lutheran Senior Services Inc
Lutheran Senior Services Inc is dedicated to providing suitable, secure, and safe housing for individuals with limited income, primarily the elderly and handicapped. Their mission, as stated, aims to create an environment in Luther Towers I and II that fosters peace, dignity, and a sense of community responsibility. This nonprofit organization utilizes management staff and volunteers to achieve its goal of offering housing and necessary support services to its residents.
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Impact
July, 2024
Lutheran Senior Services Inc provides essential housing for the elderly and handicapped in Wilmington, Delaware. With 217 one-bedroom and 145 efficiency apartments available for rent, this organization plays a crucial role in ensuring that eligible individuals with limited income have access to secure and safe housing. By fostering an atmosphere of peace, dignity, and responsible community, Lutheran Senior Services Inc not only meets a basic need but also enhances the well-being and quality of life for its residents. Through the provision of support services delivered by dedicated management staff and volunteers, this organization significantly contributes to the welfare of the elderly and handicapped population it serves.
This information is meant to be a general summary of Lutheran Senior Services 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: $349
- Program Service Revenue: $4,239,646
- Gross Receipts: $4,423,214
Assets and Liabilities:
- Total Assets: $15,379,727
- Total Liabilities: $10,072,308
- Net Assets: $5,307,419
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GOV'T TENANT ASSISTANC
Revenue
$2,414,319
LOW INCOME APARTMENT R
Revenue
$1,777,078
OTHER FEE REVENUE
Revenue
$48,249
Organization Details
Founding Year
1967
Phone
(302) 654-4491Principal Officer
John Teoli
Main Address
1201 N HARRISON STREET, WILMINGTON, DE, 19806
Website
www.luthertowers.comNTEE Category
Code: L220 - Housing
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