Overview
What is Lutherhaus Incorporated?
Lutherhaus Incorporated is a nonprofit organization established with the purpose of managing a 50-unit apartment complex in Hickory, North Carolina, named Lutherhaus Apartments. The organization operates under Section 202 of the National Housing Act and has entered into regulatory agreements with the Federal Housing Administration section of HUD. A Housing Assistance Payment Contract (HAP Contract) is in place, providing rent assistance to low-income families or individuals through the Section 8 program of the National Housing Act. The nonprofit's mission is centered around providing affordable housing options, contributing to the community by offering essential housing solutions.
Is Lutherhaus Incorporated legitimate?
Lutherhaus Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lutherhaus Incorporated 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.
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What is the mission statement of Lutherhaus Incorporated?
Lutherhaus Incorporated, as a not-for-profit organization, was established with the goal of owning and managing a 50-unit apartment community. This community, known as Lutherhaus Apartments, is located in Hickory, North Carolina. The organization's mission, in accordance with Section 202 of the National Housing Act, is to provide housing assistance to low-income families or individuals. This assistance is facilitated through a Housing Assistance Payment Contract (HAP Contract), which is a part of the Section 8 program under the National Housing Act. The organization operates under the regulatory agreements set by the Federal Housing Administration (FHA) section of HUD.
Who is the CEO of Lutherhaus Incorporated?
William Sigmon is the Chair of Lutherhaus Incorporated.
What is the revenue of Lutherhaus Incorporated?
Lutherhaus Incorporated's revenue in 2022 was $421,503.
Who are the executives of Lutherhaus Incorporated and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Lutherhaus Incorporated?
Lutherhaus Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lutherhaus Incorporated
Lutherhaus Incorporated, a not-for-profit corporation, was established with the mission to manage a 50-unit apartment community. This community, known as Lutherhaus Apartments, is located in Hickory, North Carolina. The organization was founded in accordance with Section 202 of the National Housing Act, and it has entered into regulatory agreements with the Federal Housing Administration (FHA) section of HUD. These agreements govern the operation of the community.
The primary objective of Lutherhaus Incorporated is to provide rent assistance to low-income families or individuals. This assistance is made possible through a Housing Assistance Payment Contract (HAP Contract) under the Section 8 program of the National Housing Act. This program ensures that these families or individuals can afford to reside in the Lutherhaus Apartments, thereby providing them with a stable living environment. The organization's mission is thus centered around providing affordable housing solutions for those in need.
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Impact
October, 2024
Lutherhaus Incorporated significantly impacts the community by providing affordable housing options in Hickory, North Carolina, through the operation of Lutherhaus Apartments, a 50-unit apartment complex. This initiative targets low-income families and individuals, offering them a stable living environment in line with the guidelines of the National Housing Act.
By participating in the Housing Assistance Payment (HAP) program under Section 8, Lutherhaus Apartments supplies essential rent assistance, thereby reducing the financial burden on residents who may struggle to afford housing in the area. The incorporation complies with federal regulations, ensuring that the community is well-managed and meets the needs of its residents effectively.
This commitment to affordable housing not only helps to alleviate homelessness and housing instability but also fosters a sense of community, providing residents access to necessary support services and a safe, welcoming place to call home. Ultimately, Lutherhaus Incorporated plays a crucial role in enhancing the quality of life for vulnerable populations in Hickory, contributing to the overall social and economic health of the community.
This information is meant to be a general summary of Lutherhaus Incorporated. 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: $124
- Program Service Revenue: $129,636
- Gross Receipts: $421,503
Assets and Liabilities:
- Total Assets: $785,680
- Total Liabilities: $1,237,523
- Net Assets: -$451,843
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$129,636
Organization Details
Founding Year
1979
Phone
(828) 322-3720Principal Officer
William Sigmon
Main Address
720 7TH AVENUE NE, HICKORY, NC, 28601
NTEE Category
Code: L21 - Housing
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