Overview
What is Lutheran Housing Services 8 Non- Profit Housing Corporation?
Lutheran Housing Services 8 Non-Profit Housing Corporation, also known as Luther Haus, is a compassionate organization based in Toledo, Ohio. With a mission rooted in Christian faith, they provide affordable housing for 91 individuals and families. Their mission is to offer supportive care and services throughout an individual's life journey, embracing them with kindness and understanding. The organization, with a workforce of three dedicated employees, operates as a nonprofit facility dedicated to making housing accessible and affordable.
Official website here: www.genacrosslutheranservices.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Lutheran Housing Services 8 Non-Profit Housing Corporation has received an 81% rating from Charity Navigator, indicating a solid level of accountability and financial health. This rating is based entirely on their accountability and finance score, which reflects the organization's commitment to transparency and effective management. The charity boasts a fully independent board, with 100% of its members being independent, and a well-structured oversight committee, suggesting strong governance practices.
The organization excels in several areas, particularly in program expense management, where it maintains an impressive program expense ratio of 83.80%. This indicates that a significant portion of its funds are directed toward its mission-related activities. Additional positive aspects include comprehensive policies on conflict of interest, whistleblower protections, and proper document retention, which enhances its credibility and operational integrity.
However, a notable limitation in the financial analysis is the liabilities to assets ratio, reported at 138.88%, which suggests that the charity may have more liabilities than assets. This aspect could raise concerns about its financial sustainability in the long term. Overall, while Lutheran Housing Services demonstrates strong operational practices, potential donors and stakeholders should consider its financial leverage in their evaluation.
This AI summary has been generated from information found on Charity Navigator.
Is Lutheran Housing Services 8 Non- Profit Housing Corporation legitimate?
Lutheran Housing Services 8 Non- Profit Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lutheran Housing Services 8 Non- Profit Housing Corporation 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: $54,215
For more financial information, click here
Official website here: www.genacrosslutheranservices.org
What is the mission statement of Lutheran Housing Services 8 Non- Profit Housing Corporation?
Lutheran Housing Services 8 Non-Profit Housing Corporation's mission, guided by Christian values, is to offer compassionate care and services to individuals and families throughout their life journeys. The organization's primary focus is on providing 91 units of affordable housing. They aim to embrace these residents with kindness, supporting them throughout their lives. This mission statement underscores the corporation's dedication to making a positive impact in people's lives, rooted in its Christian beliefs.
Official website here: www.genacrosslutheranservices.org
Who is the CEO of Lutheran Housing Services 8 Non- Profit Housing Corporation?
William R Marshall is the President/Ce of Lutheran Housing Services 8 Non- Profit Housing Corporation.
Official website here: www.genacrosslutheranservices.org
What is the revenue of Lutheran Housing Services 8 Non- Profit Housing Corporation?
Lutheran Housing Services 8 Non- Profit Housing Corporation's revenue in 2022 was $700,919.
Official website here: www.genacrosslutheranservices.org
Who are the executives of Lutheran Housing Services 8 Non- Profit Housing Corporation and what are their salaries?
The average compensation at Lutheran Housing Services 8 Non- Profit Housing Corporation during 2022 was $18,072. There are 3 employees and 35 volunteers at Lutheran Housing Services 8 Non- Profit Housing Corporation.
Here are 15 key members and their salaries:
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- Related: $327,636
- Other: $64,289
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- Related: $221,861
- Other: $37,726
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- Related: $150,997
- Other: $25,094
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- Other: $0
Official website here: www.genacrosslutheranservices.org
Where can I find the form 990 for Lutheran Housing Services 8 Non- Profit Housing Corporation?
Lutheran Housing Services 8 Non- Profit Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.genacrosslutheranservices.org
Learn more at the official website: www.genacrosslutheranservices.org
Mission Statement of Lutheran Housing Services 8 Non- Profit Housing Corporation
Lutheran Housing Services 8 Non-Profit Housing Corporation, guided by Christian values, extends compassionate care and services to individuals and families throughout their life journeys. Their mission is centered around providing affordable housing, with 91 units available. This nonprofit organization embraces its residents with a dedication to upholding dignity and fostering a supportive environment. Through their mission, Lutheran Housing Services seeks to create a sense of community and help those they serve navigate various life stages.
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Impact
July, 2024
Lutheran Housing Services 8 Non-Profit Housing Corporation's impact lies in providing affordable housing solutions for individuals and families in Toledo, Ohio. With a facility consisting of 91 units, their mission inspired by the Christian faith drives them to embrace people with compassionate care and services throughout life's journey. By offering affordable housing, they contribute to improving the quality of life for those in need in the community.
This information is meant to be a general summary of Lutheran Housing Services 8 Non- Profit Housing Corporation. 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: -$1,029
- Program Service Revenue: $701,278
- Gross Receipts: $703,339
Assets and Liabilities:
- Total Assets: $1,787,196
- Total Liabilities: $2,482,068
- Net Assets: -$694,872
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$696,644
LAUNDRY INCOME
Revenue
$4,634
Organization Details
Founding Year
2013
Phone
(419) 861-4990Principal Officer
William R Marshall
Main Address
2021 N MCCORD RD, TOLEDO, OH, 43615
NTEE Category
Code: L22 - Housing
If you are a representative of Lutheran Housing Services 8 Non- Profit Housing Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.