Overview
What is Luther Manor Of Scott County Inc?
Luther Manor of Scott County Inc is a nonprofit organization located in Bettendorf, Iowa, with an address at 3118 Devil's Glen Road. Their primary mission is to provide 60 units of affordable quality housing for the elderly. Specifically, they aim to assist low-income senior citizens by offering housing options. This nonprofit organization is dedicated to addressing the housing needs of elderly persons and families who have been displaced due to urban renewal, governmental action, or major disasters, where suitable housing is not readily available.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Stars)
Luther Manor of Scott County Inc has achieved a Three-Star rating from Charity Navigator, indicating an overall score of 75%. This rating is primarily based on the organization's accountability and finance practices. The charity demonstrates strong financial health, with a program expense ratio of nearly 90%, signaling that a significant portion of its resources is directed towards its mission.
The organization is notable for its governance, boasting a fully independent board with no conflicts of interest reported. Its financial statements are audited, ensuring transparency and accountability in its operations. However, the charity received a lower score in the liabilities to assets ratio, which may indicate potential financial concerns that could affect its long-term stability.
Overall, while Luther Manor of Scott County Inc shows commendable strengths in accountability and program spending, potential donors may want to explore the implications of its liabilities further.
This AI summary has been generated from information found on Charity Navigator.
Is Luther Manor Of Scott County Inc legitimate?
Luther Manor Of Scott County Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Luther Manor Of Scott County 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: $229,889
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What is the mission statement of Luther Manor Of Scott County Inc?
Luther Manor Of Scott County Inc's mission is focused on providing housing solutions for low-income senior citizens. Specifically, the organization aims to accommodate elderly persons and families who have been displaced due to urban renewal, governmental actions, or major disasters. In instances where suitable housing is not readily available for such groups, Luther Manor steps in to offer 60 units of affordable quality housing. This commitment is instrumental in ensuring that elderly individuals have a secure living space, despite their financial circumstances or unforeseen circumstances.
What is the revenue of Luther Manor Of Scott County Inc?
Luther Manor Of Scott County Inc's revenue in 2023 was $1,107,187.
Who are the executives of Luther Manor Of Scott County Inc and what are their salaries?
There 10 volunteers at Luther Manor Of Scott County Inc.
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Where can I find the form 990 for Luther Manor Of Scott County Inc?
Luther Manor Of Scott County Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Luther Manor Of Scott County Inc
Luther Manor of Scott County Inc, as a nonprofit organization, is dedicated to providing affordable housing for low-income senior citizens. Their mission is to accommodate elderly persons and families who have been displaced due to urban renewal, governmental action, or major disasters. In such situations where appropriate housing is scarce for these groups, Luther Manor of Scott County Inc steps in to offer 60 units of high-quality, affordable housing. This commitment ensures that senior citizens can maintain their independence and dignity, even in challenging circumstances.
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Impact
July, 2024
Luther Manor Of Scott County Inc's impact lies in providing a critical service to low-income senior citizens in Bettendorf, Iowa. By offering 60 units of affordable quality housing for the elderly, this organization plays a vital role in ensuring that this vulnerable population has access to a safe and comfortable living environment. Through its mission of providing housing for low and moderate income elderly persons and families who have been displaced due to various circumstances, Luther Manor Of Scott County Inc is addressing a pressing need in the community and making a tangible difference in the lives of those it serves.
This information is meant to be a general summary of Luther Manor Of Scott County 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 2023.
- Investment Income: $530
- Program Service Revenue: $1,106,657
- Gross Receipts: $1,107,187
Assets and Liabilities:
- Total Assets: $2,336,277
- Total Liabilities: $1,957,592
- Net Assets: $378,685
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$1,093,633
LAUNDRY & VENDING
Revenue
$13,024
Organization Details
Founding Year
1976
Principal Officer
Nancy Beaderstadt
NTEE Category
Code: L22 - Housing
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