Overview
What is Luther Square Inc?
Luther Square Inc is a non-profit organization situated in Klamath Falls, Oregon, dedicated to providing affordable housing solutions for the elderly. Their primary mission revolves around offering low-income retirement homes or senior housing facilities. This ensures that elderly individuals in the community have access to suitable living arrangements, thereby enhancing their quality of life. By focusing on this demographic, Luther Square Inc plays a crucial role in addressing a significant social need in Klamath Falls.
Is Luther Square Inc legitimate?
Luther Square Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Luther Square 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: $30,419
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What is the mission statement of Luther Square Inc?
Luther Square Inc, as an organization, is dedicated to providing affordable housing solutions for the elderly. Their mission is centered around this, aiming to offer a living environment that is accessible to individuals in their later years who have limited income. By doing so, Luther Square Inc contributes to ensuring that the elderly have a comfortable and secure place to reside, promoting their overall well-being. The organization's focus on low-income housing for the elderly reflects its commitment to supporting this vulnerable population and ensuring they can maintain their independence with dignity.
What is the revenue of Luther Square Inc?
Luther Square Inc's revenue in 2024 was $318,443.
Who are the executives of Luther Square Inc and what are their salaries?
The average compensation at Luther Square Inc during 2024 was $10,140. There are 3 employees at Luther Square Inc.
Here are 5 key members and their salaries:
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- Other: $0
- Compensation: $0
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- Compensation: $0
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Where can I find the form 990 for Luther Square Inc?
Luther Square Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Luther Square Inc
Luther Square Inc, a nonprofit organization, is committed to providing affordable housing for the elderly. With a mission at its core, Luther Square aims to serve as a retirement home or senior housing program, offering a living space for individuals who are financially constrained in their golden years. The organization's primary focus is on providing low-income housing, ensuring that the elderly population has a secure and comfortable living environment. By offering this essential service, Luther Square Inc plays a significant role in supporting the elderly community, allowing them to maintain their independence and dignity during their later years.
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Impact
October, 2024
Luther Square Inc significantly impacts the Klamath Falls community by providing low-income housing solutions specifically designed for the elderly. This initiative addresses a critical need for affordable housing options for seniors, ensuring they have access to safe and secure living environments. By focusing on the elderly population, Luther Square plays a vital role in enhancing the quality of life for older adults, supporting their independence, and fostering a sense of community. The presence of a dedicated retirement home helps alleviate housing insecurity among seniors, allowing them to enjoy their golden years with dignity and comfort. Through its mission, Luther Square Inc not only meets the immediate housing needs of its residents but also contributes to the overall well-being of the community by promoting social inclusion and support for older individuals.
This information is meant to be a general summary of Luther Square 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 2024.
- Investment Income: $1,433
- Program Service Revenue: $316,760
- Gross Receipts: $318,443
Assets and Liabilities:
- Total Assets: $604,335
- Total Liabilities: $15,313
- Net Assets: $589,022
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rent subsidy - HUD
Revenue
$196,044
Tenant Rents
Revenue
$120,716
Organization Details
Founding Year
1970
Principal Officer
Jim Dahm
NTEE Category
Code: L22 - Housing
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