Overview
What is Luther Terrace Inc?
Luther Terrace Inc, established in May 1978, is a not-for-profit general welfare corporation based in Tennessee. Its primary mission is to operate a 40-unit community called Luther Terrace in Memphis, providing housing and related services for elderly individuals falling under the categories of very low and extremely low income, in accordance with Section 202 of the National Housing Act. This community aims to offer a supportive living environment for its residents.
Official website here: www.wesleyliving.com
Is Luther Terrace Inc legitimate?
Luther Terrace Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Luther Terrace 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.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $72,082
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What is the mission statement of Luther Terrace Inc?
Luther Terrace Inc, established as a not-for-profit corporation in 1978, is dedicated to serving the housing and related needs of elderly individuals with very low and extremely low incomes. The organization operates a 40-unit community, named Luther Terrace, located in an undisclosed area, in accordance with Section 202 of the National Housing Act. Luther Terrace Inc's mission is to provide these individuals with suitable housing, aiming to enhance their quality of life. The corporation adheres to the guidelines of the National Housing Act, ensuring affordable housing options for this specific demographic.
Official website here: www.wesleyliving.com
Who is the CEO of Luther Terrace Inc?
Brian Harris is the Non-Voting Ceo of Luther Terrace Inc. The CEO's salary of Luther Terrace Inc is $0 and their total compensation is $0.
Official website here: www.wesleyliving.com
What is the revenue of Luther Terrace Inc?
Who are the executives of Luther Terrace Inc and what are their salaries?
- Dwight Davis (Member) [Trustee/Director]
- Dr Cynthia Davis (Member) [Trustee/Director]
- Eddie Smith (Member) [Trustee/Director]
- Holly Mitchener (Member) [Trustee/Director]
- Carol Avens (Member) [Trustee/Director]
- Meredith Bingham (Member) [Trustee/Director]
- Joyce Feger (Member) [Trustee/Director]
- Jennifer Garst (Member) [Trustee/Director]
- Phyllis Gay (Member) [Trustee/Director]
- Rev Andrew Thompson (Chairperson) [Trustee/Director]
- Nancy Albonetti (Vice Chairperson) [Trustee/Director]
- Brian Harris (Non-Voting Ceo)
- James C Nasso (Non-Voting Ceo)
- Donald Ollio (Non-Voting Cfo)
- Ronald Budynas (Non-Voting Coo)
- Mary Lou Cushing (Non-Voting Secretary/Treasurer)
Official website here: www.wesleyliving.com
Where can I find the form 990 for Luther Terrace Inc?
The Luther Terrace Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.wesleyliving.com
Learn more at the official website: www.wesleyliving.com
Mission Statement of Luther Terrace Inc
Luther Terrace Inc, established in 1978 as a not-for-profit general welfare corporation, was formed with a mission to serve the needs of elderly individuals with very low and extremely low incomes. This organization operates a 40-unit community, known as Luther Terrace, which is situated in Memphis, Tennessee, and is in compliance with Section 202 of the National Housing Act, as amended. The primary purpose of Luther Terrace Inc is to provide housing and related services for these economically disadvantaged elderly individuals, aiming to enhance their quality of life and offer them a secure living environment.
Impact
This information is meant to be a general summary of Luther Terrace Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Wednesday, July 24, 2024
Luther Terrace Inc's impact is significant in providing housing and related services for very low and extremely low-income elderly persons in Memphis, Tennessee. By operating a 40-unit community known as Luther Terrace, this organization helps to meet the crucial housing needs of this vulnerable population. Through its mission to provide affordable housing in accordance with the National Housing Act, Luther Terrace Inc plays a crucial role in supporting elderly individuals in maintaining a safe and stable living environment. Their work contributes to enhancing the quality of life and well-being of the elderly residents they serve, ensuring they have access to essential housing services.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$152,255
Organization Details
Founding Year
1978
Phone
(901) 380-4900
Principal Officer
Brian Harris
Main Address
1615 APPLING ROAD, CORDOVA, TN, 38016
Website
www.wesleyliving.com
NTEE Category
Code: L22 - Housing
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