Overview
What is Lutheran Properties Inc?
Lutheran Properties Inc is a nonprofit organization based in Austin, Texas. Their primary mission is to combat child abuse by empowering children, families, and communities. They achieve this by leasing property to Lutheran Social Services of the South, operating under the name UPBRING. This related entity uses the leased property to carry out its exempt purpose of breaking the cycle of child abuse. While specific details about the services they offer or the scope of their reach are not provided, it is clear that Lutheran Properties Inc is dedicated to contributing to the wellbeing and protection of vulnerable children and families.
Official website here: www.upbring.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star Rating
Lutheran Properties Inc has achieved a remarkable score of 96%, which translates into a Four-Star rating on Charity Navigator, indicating a high level of financial health and transparency. This rating is primarily derived from its outstanding performance in accountability and finance, showcasing the organization's commitment to responsible management of its resources.
The nonprofit demonstrates excellent governance with a fully independent board, scoring 100% in this area. Additionally, it has a strong program expense ratio of 99.85%, indicating that almost all its expenditures are directed toward its mission-related activities. Other strengths include robust financial oversight through its Audit and Oversight Committee and comprehensive policies on conflict of interest and whistleblower protections.
There are no significant limitations noted in the available data, as Lutheran Properties Inc has not reported any material diversion of assets and maintains a favorable liabilities to assets ratio of 11.21%. This suggests a prudent financial approach, ensuring the organization is well-positioned to continue its impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Lutheran Properties Inc legitimate?
Lutheran Properties Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lutheran Properties 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
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.upbring.org
What is the mission statement of Lutheran Properties Inc?
Lutheran Properties Inc's mission is centered around breaking the cycle of child abuse. They strive to accomplish this by empowering children, families, and communities. The organization leases property to a related entity, Lutheran Social Services of the South (doing business as UPBRING), which utilizes the property to carry out its mission of ending child abuse and fostering empowerment. Lutheran Properties Inc's purpose aligns with this mission, providing necessary resources to enable the related entity to achieve its goals effectively.
Official website here: www.upbring.org
Who is the CEO of Lutheran Properties Inc?
Michael Loo is the Ceo of Lutheran Properties Inc. The CEO's salary of Lutheran Properties Inc is $0 and their total compensation is $518,899.
Official website here: www.upbring.org
What is the revenue of Lutheran Properties Inc?
Lutheran Properties Inc's revenue in 2023 was $984,440.
Official website here: www.upbring.org
Who are the executives of Lutheran Properties Inc and what are their salaries?
Here are 14 key members and their salaries (Lutheran Properties Inc's CEO's salary is $0 and their total compensation is $518,899):
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- Related: $486,286
- Other: $32,613
- Compensation: $0
- Related: $233,312
- Other: $8,472
Official website here: www.upbring.org
Where can I find the form 990 for Lutheran Properties Inc?
Lutheran Properties Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.upbring.org
Learn more at the official website: www.upbring.org
Mission Statement of Lutheran Properties Inc
Lutheran Properties Inc, as a mission-driven organization, aims to break the cycle of child abuse. They accomplish this by empowering children, families, and communities. The organization leases its property to a related entity, Lutheran Social Services of the South (doing business as UPBring), which uses the leased spaces to carry out their exempt purpose. This purpose is to combat child abuse and empower vulnerable individuals and communities. By providing a safe and supportive environment, Lutheran Properties Inc plays a crucial role in the broader mission of UPBring to break the cycle of child abuse and create positive change in the lives of children and families.
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Impact
July, 2024
Lutheran Properties Inc makes a significant impact by providing crucial housing support to Lutheran Social Services of the South (DBA Upbring) in their mission to break the cycle of child abuse. By leasing properties to Upbring, Lutheran Properties Inc enables them to fulfill their goal of empowering children, families, and communities. Through this partnership, Lutheran Properties Inc plays a vital role in creating safe and supportive environments for those in need, ultimately contributing to the welfare of vulnerable individuals and fostering positive change in society.
This information is meant to be a general summary of Lutheran Properties 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 2023.
- Program Service Revenue: $784,053
- Gross Receipts: $984,440
Assets and Liabilities:
- Total Assets: $10,065,057
- Total Liabilities: $1,128,327
- Net Assets: $8,936,730
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET RESIDENT SERVICE R
Revenue
$784,053
Organization Details
Founding Year
2004
Phone
(512) 459-1000Principal Officer
Michael Loo
Main Address
PO BOX 140767, AUSTIN, TX, 78714
Website
www.upbring.orgNTEE Category
Code: L80 - Housing
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