Overview
What is Lutheran Residences Inc?
Lutheran Residences Inc is a nonprofit organization located in St. Petersburg, Florida, with an address at 550 First Avenue South, ZIP code 33701. Their primary focus is on providing affordable housing and supportive services to low-income elderly individuals. They previously managed a HUD housing project named Lutheran Residences of South Pasadena, but in 2022, the facility was transferred to a related entity, Lutheran Pasadena Housing, Inc. The organization continues its mission to offer shelter and assistance to elderly persons in need, ensuring they maintain a dignified living standard.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star rating)
Lutheran Residences Inc has achieved an overall score of 87%, reflecting a strong emphasis on accountability and finance, which is crucial for potential donors. The organization boasts a perfect score for independent board members and has demonstrated proper asset management with a 0% liabilities to assets ratio. Their high program expense ratio of 98.32% indicates that the vast majority of their funds are directed toward their programs rather than administrative costs.
However, user feedback reveals mixed experiences from residents, particularly concerning the quality of living and property management at Lutheran Apartments. While some residents appreciate the affordability and community aspect, others have raised serious concerns about health and safety issues, including malfunctioning elevators, outdated fire safety measures, and inadequate maintenance services. These issues highlight potential management shortcomings that could impact residents' overall well-being.
In conclusion, while Lutheran Residences Inc receives commendable ratings for its financial health and governance, the feedback from current residents suggests that improvements are needed in property management and resident services. Addressing these concerns could enhance the living conditions and overall satisfaction of those who rely on their affordable housing options.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Lutheran Residences Inc legitimate?
Lutheran Residences Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lutheran Residences 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
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Other Salaries and Wages: $0
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What is the mission statement of Lutheran Residences Inc?
Lutheran Residences Inc., as a senior housing organization, is committed to providing affordable housing and essential services to low-income elderly individuals. Previously, they managed and operated a HUD housing project named Lutheran Residences of South Pasadena. However, in 2022, the management of this facility was transferred to a related entity, Lutheran Pasadena Housing, Inc., leaving Lutheran Residences Inc. to focus on other projects and services dedicated to assisting the elderly community with their housing needs.
Who is the CEO of Lutheran Residences Inc?
Theresa Ziegler is the Director of Lutheran Residences Inc.
What is the revenue of Lutheran Residences Inc?
Lutheran Residences Inc's revenue in 2022 was $66,437.
Who are the executives of Lutheran Residences Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Lutheran Residences Inc?
Lutheran Residences Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lutheran Residences Inc
Lutheran Residences Inc, as a nonprofit organization, is committed to serving low-income elderly individuals. Their mission is centered around providing affordable housing and various supportive services. They have previously managed one HUD housing project, named Lutheran Residences of South Pasadena. However, in 2022, they transferred the management of this facility to a related entity, Lutheran Pasadena Housing, Inc. Despite this change, Lutheran Residences Inc continues to uphold their mission of offering affordable housing and essential services to the elderly population, demonstrating their dedication to improving the living conditions and well-being of this vulnerable group.
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Impact
August, 2024
Lutheran Residences Inc has a significant impact on the lives of low-income elderly individuals by providing affordable housing and essential services. Through its ownership and operation of housing projects like Lutheran Residences of South Pasadena, the organization has been able to offer a safe and comfortable living environment for seniors in need. By transferring the facility to Lutheran Pasadena Housing Inc, Lutheran Residences Inc continues to fulfill its mission of supporting the elderly community with housing solutions. Their commitment to serving this demographic underscores the importance of ensuring that all seniors have access to suitable housing options.
This information is meant to be a general summary of Lutheran Residences 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: $66,437
- Gross Receipts: $66,437
Assets and Liabilities:
- Total Assets: $2,730,204
- Total Liabilities: $0
- Net Assets: $2,730,204
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Organization Details
Founding Year
1967
Phone
(727) 896-3197Principal Officer
Theresa Ziegler
Main Address
550 First Avenue South, St Petersburg, FL, 33701
NTEE Category
Code: L220 - Housing
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