Overview
What is Pennsauken Lutheran Housing Inc?
Pennsauken Lutheran Housing Inc. is a nonprofit organization situated in Burlington, New Jersey, specifically at 3 Manhattan Drive, 08016. Their primary focus is on providing affordable housing for elderly and disabled individuals, operating a 71-unit residential facility named the Lutheran Senior Residence at Pennsauken. This initiative falls under Section 202 of the National Housing Act, and the project is regulated by the U.S. Department of Housing and Urban Development for rental charges, operating expenses, and methods. As a faith-based organization, Pennsauken Lutheran Housing Inc. operates under the mission of Lutheran Social Ministries of NJ, which serves those in need, the hurting, or with limited choices through various health care and social services in New Jersey, as a response to God's love as revealed in the Gospel.
Official website here: www.lsmnj.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)
Pennsauken Lutheran Housing Inc has achieved an impressive 96% rating from Charity Navigator, indicating a strong commitment to accountability and financial health. The charity's score is derived entirely from its Accountability & Finance metrics, demonstrating transparency and responsible management of resources. The organization boasts a fully independent board with 91% of its members being independent, ensuring an unbiased governance structure.
The financial oversight of Pennsauken Lutheran Housing Inc is robust, reflected in its perfect scores in critical areas such as audit and oversight, material diversion of assets, and liabilities to assets ratio. Additionally, the organization allocates 92.18% of its expenses directly to programs, showcasing an effective use of funds towards achieving its mission.
Despite the high ratings and strong governance practices, ongoing monitoring of the organization's financial health and program effectiveness will be essential to ensure it continues to meet the needs of the community it serves. Overall, the charity stands out for its transparency, strong financial practices, and commitment to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Pennsauken Lutheran Housing Inc legitimate?
Pennsauken Lutheran Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pennsauken Lutheran Housing 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: $118,642
For more financial information, click here
Official website here: www.lsmnj.org
What is the mission statement of Pennsauken Lutheran Housing Inc?
Pennsauken Lutheran Housing Inc, as a faith-based organization, is dedicated to serving individuals who are elderly or disabled, providing them with housing. In alignment with the teachings of the Holy Spirit and the love revealed in the Gospel, Lutheran Social Ministries of NJ's mission is to aid those who are in need, hurt, or have limited options, offering an array of health care and social services. The organization operates under Section 202 of the National Housing Act, providing affordable housing at their 71-unit residential facility, known as the Lutheran Senior Residence at Pennsauken. The U.S. Department of Housing and Urban Development regulates the project, ensuring that rental charges, operating expenses, and methods align with their guidelines, providing housing opportunities for qualified elderly and disabled individuals.
Official website here: www.lsmnj.org
Who is the CEO of Pennsauken Lutheran Housing Inc?
Colleen P Frankenfield is the President & Ceo of Pennsauken Lutheran Housing Inc. The CEO's salary of Pennsauken Lutheran Housing Inc is $0 and their total compensation is $863,782.
Official website here: www.lsmnj.org
What is the revenue of Pennsauken Lutheran Housing Inc?
Pennsauken Lutheran Housing Inc's revenue in 2022 was $719,963.
Official website here: www.lsmnj.org
Who are the executives of Pennsauken Lutheran Housing Inc and what are their salaries?
The average compensation at Pennsauken Lutheran Housing Inc during 2022 was $39,547. There are 3 employees and 11 volunteers at Pennsauken Lutheran Housing Inc.
Here are 13 key members and their salaries (Pennsauken Lutheran Housing Inc's CEO's salary is $0 and their total compensation is $863,782):
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- Related: $813,105
- Other: $50,677
- Compensation: $0
- Related: $288,329
- Other: $23,200
Official website here: www.lsmnj.org
Where can I find the form 990 for Pennsauken Lutheran Housing Inc?
Pennsauken Lutheran Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lsmnj.org
Learn more at the official website: www.lsmnj.org
Mission Statement of Pennsauken Lutheran Housing Inc
Pennsauken Lutheran Housing Inc, a faith-based organization, is committed to providing housing for elderly and disabled individuals. Guided by the power of the Holy Spirit and inspired by God's love as revealed in the Gospel, Lutheran Social Ministries of New Jersey, the parent organization of Pennsauken Lutheran Housing Inc, carries out its mission to serve those in need, the hurt, or those with limited choices through an array of health care and social services in New Jersey. Specifically, Pennsauken Lutheran Housing Inc operates a 71-unit residential facility, known as the Lutheran Senior Residence at Pennsauken, providing affordable housing for qualified elderly and disabled persons. The project is regulated by the U.S. Department of Housing and Urban Development, ensuring appropriate rental charges, operating expenses, and operating methods.
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Impact
July, 2024
Pennsauken Lutheran Housing Inc's impact is significant in providing affordable housing for qualified elderly and disabled persons in Pennsauken, New Jersey. Through its operation of the Lutheran Senior Residence at Pennsauken, this organization plays a crucial role in addressing the housing needs of vulnerable populations. By offering a safe and supportive living environment, Pennsauken Lutheran Housing Inc contributes to enhancing the quality of life for those individuals who may have limited choices or resources.
This information is meant to be a general summary of Pennsauken Lutheran Housing 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: $38
- Program Service Revenue: $706,888
- Gross Receipts: $719,963
Assets and Liabilities:
- Total Assets: $3,493,307
- Total Liabilities: $413,651
- Net Assets: $3,079,656
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$706,888
Organization Details
Founding Year
1996
Phone
(609) 386-7171Principal Officer
Colleen P Frankenfield
Main Address
3 MANHATTAN DRIVE, BURLINGTON, NJ, 08016
Website
www.lsmnj.orgNTEE Category
Code: L99 - Housing
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