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Luminest Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 200001916 ✦ Chambersburg, PA ✦ Designated as a 501(c)(3)

Overview

What is Luminest Inc?

Luminest Inc, based in Chambersburg, Pennsylvania, is a nonprofit organization with a strong commitment to providing affordable housing for individuals with low and moderate incomes. As the general partner and developer of several affordable housing projects and an advocate for other related initiatives, Luminest Inc plays a crucial role in enhancing living conditions for this demographic. The organization adheres to the Pennsylvania not-for-profit law, allowing it to engage in various activities beyond just housing. With a dedicated workforce of around 30 individuals, Luminest Inc remains dedicated to its mission, contributing positively to its community.


Official website here: www.luminest.org

Is Luminest Inc legitimate?

Luminest Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Luminest 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.

Here are some key statistics you may want to consider:

Executive Compensation: $230,099
Professional Fundraising Fees: $0
Other Salaries and Wages: $285,927

For more financial information, click here


Official website here: www.luminest.org

What is the mission statement of Luminest Inc?

Luminest Inc, as a not-for-profit entity, is committed to providing decent and affordable housing for individuals with low and moderate income. In line with Pennsylvania's not-for-profit laws, the organization engages in various activities beyond this primary mission. Luminest Inc serves as the general partner and developer in several affordable housing projects, and it has also sponsored various initiatives aimed at promoting affordable housing. The corporation's primary goal is to contribute to the housing needs of individuals with limited financial resources, thereby improving their living standards.


Official website here: www.luminest.org

Who is the CEO of Luminest Inc?

Bonnie Zehler is the Chair of Luminest Inc.


Official website here: www.luminest.org

What is the revenue of Luminest Inc?

Luminest Inc's revenue in 2022 was $1,241,215.


Official website here: www.luminest.org

Who are the executives of Luminest Inc and what are their salaries?

The average compensation at Luminest Inc during 2022 was $17,201. There are 30 employees at Luminest Inc.

Here are 10 key members and their salaries:

    Bonnie Zehler (Executive Di) [Trustee/Director]
  • Compensation: $121,017
  • Related: $0
  • Other: $17,580

    • Bryan Knoll (Comptroller)
  • Compensation: $77,138
  • Related: $0
  • Other: $14,364

    • Alexandra Sipe (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Annette Searfoss (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michelle Lane (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Matt Gunder (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Leigh Anna Nowak (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Blubaugh (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Olaf Hasse (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mike Ross (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.luminest.org

    Where can I find the form 990 for Luminest Inc?

    The Luminest Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.luminest.org

    Learn more at the official website: www.luminest.org

    Mission Statement of Luminest Inc

    Luminest Inc, as a non-profit organization, is committed to providing affordable housing for individuals with low and moderate incomes. In line with the Pennsylvania not-for-profit law, Luminest Inc expands its mission beyond housing, allowing it to engage in various activities that serve this specific demographic. The corporation serves as the general partner and developer in several affordable housing projects, demonstrating its dedication to this cause. Furthermore, Luminest Inc has also sponsored various affordable housing initiatives, further solidifying its commitment to making decent housing accessible to those who need it most.

    Impact

    This information is meant to be a general summary of Luminest Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Luminest Inc's impact lies in its dedicated efforts to provide decent and affordable housing to low and moderate-income individuals. Through its role as a general partner and developer in numerous affordable housing projects, the organization has facilitated the creation of housing opportunities for those in need. Additionally, Luminest Inc has spearheaded various affordable housing initiatives, further contributing to the well-being of the community. By focusing on ensuring that individuals have access to quality housing options, Luminest Inc plays a crucial role in promoting stability and improved livelihoods for many in Chambersburg, PA, and beyond.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $71,723
  • Program Service Revenue: $804,021
  • Gross Receipts: $1,496,930

    • Assets and Liabilities:
  • Total Assets: $4,607,027
  • Total Liabilities: $303,951
  • Net Assets: $4,303,076
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    DEVELOPER'S FEE

    Revenue

    $600,000

    MANAGEMENT & INCENTIVE FEE

    Revenue

    $184,070

    RENTAL INCOME

    Revenue

    $14,951

    ADMINISTRATION SERVICE FEE

    Revenue

    $5,000

    Organization Details

    Founding Year

    2002

    Principal Officer

    Bonnie Zehler

    Main Address

    82 WEST QUEEN STREET, CHAMBERSBURG, PA, 17201

    NTEE Category

    Code: L20 - Housing

    If you are a representative of Luminest Inc 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.