Overview
What is Martin Luther Tower Inc?
Martin Luther Tower Inc is a nonprofit organization situated in San Francisco, California, specifically at 1031 Franklin Street STE103. Their primary focus is providing housing and related services to senior citizens. They function as the general partner of a partnership that operates a 121-unit apartment complex, catering specifically to the elderly. Residents of this complex benefit from the availability of not only housing but also various activities and social services. This organization plays a significant role in ensuring the well-being and comfort of its elderly tenants.
Official website here: www.mltinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star rating.
Martin Luther Tower Inc has earned an 88% score, reflecting a strong commitment to accountability and finance, which is the sole factor in their overall rating. The organization has demonstrated excellent governance practices, with a fully independent board comprising 11 members and effective oversight mechanisms, earning high marks in areas such as financial statements and asset management.
However, there are notable limitations in their accountability policies. The absence of a whistleblower policy and a document retention policy, as well as the failure to post their tax form on their website, indicates areas where the organization could improve its transparency and operational guidelines. Despite these shortcomings, the high program expense ratio suggests that the majority of their resources are directed towards fulfilling their mission.
This AI summary has been generated from information found on Charity Navigator.
Is Martin Luther Tower Inc legitimate?
Martin Luther Tower Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Martin Luther Tower 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.
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Official website here: www.mltinc.org
What is the mission statement of Martin Luther Tower Inc?
Martin Luther Tower Inc serves as the general partner of a partnership that operates a 121-unit apartment complex. This complex provides rental housing primarily for elderly residents, offering them various activities and social services. The corporation's main interest lies in generating income from low-income housing rental real estate, with a commitment to providing additional resident and social services for its tenants. Martin Luther Tower Inc's mission is centered around providing housing and supportive services for senior citizens, aiming to enhance their living experience.
Official website here: www.mltinc.org
Who is the CEO of Martin Luther Tower Inc?
Scott Taylor is the Sectretary of Martin Luther Tower Inc.
Official website here: www.mltinc.org
What is the revenue of Martin Luther Tower Inc?
Martin Luther Tower Inc's revenue in 2022 was $1,547,986.
Official website here: www.mltinc.org
Who are the executives of Martin Luther Tower Inc and what are their salaries?
Here are 11 key members and their salaries:
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Official website here: www.mltinc.org
Where can I find the form 990 for Martin Luther Tower Inc?
Martin Luther Tower Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mltinc.org
Learn more at the official website: www.mltinc.org
Mission Statement of Martin Luther Tower Inc
Martin Luther Tower Inc, as a corporation, is dedicated to providing housing and various services to senior citizens. Serving as the general partner of a partnership, Martin Luther Tower Inc operates a 121-unit apartment complex, which primarily caters to the elderly residents. Besides offering rental housing, the corporation ensures that its tenants also have access to a range of activities and social services. This holistic approach to elderly care helps create a comfortable and supportive living environment for the residents.
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Impact
July, 2024
Martin Luther Tower Inc's impact lies in providing essential housing and services to senior citizens in San Francisco, CA. As the general partner of a partnership that operates a 121-unit apartment complex, this organization plays a crucial role in offering rental housing for elderly residents. By facilitating access to activities and social services, Martin Luther Tower Inc contributes significantly to enhancing the quality of life for seniors in the community. Their focus on housing aligns with the growing need to support the elderly population, making a tangible difference in the lives of those they serve.
This information is meant to be a general summary of Martin Luther Tower 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: $28,492
- Program Service Revenue: $1,023,459
- Gross Receipts: $1,547,986
Assets and Liabilities:
- Total Assets: $14,432,303
- Total Liabilities: $5,953,015
- Net Assets: $8,479,288
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SELLER NOTE INTEREST
Revenue
$461,671
GROSS RENTAL INCOME
Revenue
$287,756
OTHER REIMBURSEMENT
Revenue
$147,298
GROUND LEASE
Revenue
$67,209
SOCIAL SERVICE FEE
Revenue
$59,525
Organization Details
Founding Year
2005
Phone
(415) 885-1084Principal Officer
Scott Taylor
Main Address
1031 FRANKLIN ST STE103, SAN FRANCISCO, CA, 94109
Website
www.mltinc.orgNTEE Category
Code: L22Z - Housing
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