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Luther House Iii Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 562429799 ✦ West grove, PA ✦ Designated as a 501(c)(3)

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Overview

What is Luther House Iii Inc?

Luther House III Inc is a nonprofit organization committed to offering affordable and dignified housing solutions for elderly individuals with low income. Based on the provided information, they operate a 76-unit facility, providing a sanctuary for these individuals in need. The organization's mission revolves around ensuring elderly people have access to appropriate housing, thereby promoting a sense of community and security within the facility.


Official website here: www.lutherhousepa.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)

Luther House III Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization earned a perfect score of 100% for having a majority independent board, indicating robust governance practices. Additionally, it has demonstrated effective financial oversight, with a commendable program expense ratio of 72.16%, suggesting that a significant portion of its resources is directed towards its mission-driven activities.

The organization's financial integrity is further underscored by its comprehensive policies, including a whistleblower policy and a conflict of interest policy, both of which earned full marks. The absence of material diversion of assets also highlights the nonprofit's commitment to ethical management. Overall, these factors contribute to a transparent operational framework that builds trust with donors and stakeholders.

While the data does not highlight any specific weaknesses, maintaining this high standard will be critical as the organization continues to grow. The 96% rating signifies a well-managed nonprofit that prioritizes accountability, and it sets a positive precedent for others in the sector.


This AI summary has been generated from information found on Charity Navigator.

Is Luther House Iii Inc legitimate?

Luther House Iii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Luther House Iii 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: $44,349
Professional Fundraising Fees: $0
Other Salaries and Wages: $123,159

For more financial information, click here


Official website here: www.lutherhousepa.org

What is the mission statement of Luther House Iii Inc?

Luther House III, an organization, is dedicated to serving the elderly population by offering them affordable and high-quality housing. They accomplish this mission by operating a 76-unit housing facility, catering to individuals with low incomes. The primary goal of Luther House III is to ensure elderly individuals have access to decent living spaces.


Official website here: www.lutherhousepa.org

Who is the CEO of Luther House Iii Inc?

Stephen Bossong is the President of Luther House Iii Inc.


Official website here: www.lutherhousepa.org

What is the revenue of Luther House Iii Inc?

Luther House Iii Inc's revenue in 2022 was $609,489.


Official website here: www.lutherhousepa.org

Who are the executives of Luther House Iii Inc and what are their salaries?

There 188 volunteers at Luther House Iii Inc.


Here are 9 key members and their salaries:


Stephen Bossong (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Sheckells (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diane Chun (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Morrison (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jay Liska (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandra Cordani (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Heiss (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Johnson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diana Seip (Executive Di)
  • Compensation: $0
  • Related: $115,986
  • Other: $31,359


Official website here: www.lutherhousepa.org

Where can I find the form 990 for Luther House Iii Inc?

Luther House Iii Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.lutherhousepa.org

Learn more at the official website: www.lutherhousepa.org

Mission Statement of Luther House Iii Inc

Luther House III, a nonprofit organization, is dedicated to providing affordable and decent housing for elderly individuals who fall under the category of very low-income. In order to fulfill this mission, Luther House III operates a 76-unit housing facility, serving as a home for these individuals. The organization's primary objective is to ensure that the elderly have access to affordable housing, thereby enhancing their quality of life.

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Impact




July, 2024

Luther House III Inc's impact lies in its provision of affordable and decent housing for very low-income elderly individuals. Through its operation of a 76-unit housing facility in West Grove, PA, Luther House III fulfills its mission to provide a safe and comfortable living environment for the elderly in need. This organization plays a crucial role in ensuring that vulnerable senior citizens have access to housing that meets their financial constraints, promoting their well-being and quality of life.




This information is meant to be a general summary of Luther House Iii 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.

Revenue
$609,489 (2022)
Expenses
$785,727 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $670
  • Program Service Revenue: $582,004
  • Gross Receipts: $609,489

Assets and Liabilities:

  • Total Assets: $5,012,424
  • Total Liabilities: $56,485
  • Net Assets: $4,955,939

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$582,004

Organization Details

Founding Year

2006

Principal Officer

Stephen Bossong

Main Address

122 JENNERS POND ROAD, WEST GROVE, PA, 19390

NTEE Category

Code: L22 - Housing

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