Luther Gardens Inc

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

EIN: 481082384 ✦ Topeka, KS ✦ Designated as a 501(c)(3)

Overview

What is Luther Gardens Inc?

Luther Gardens Inc is a nonprofit organization that specializes in providing middle-income housing solutions. As a HUD project under 221(d)(3), they offer 121 units, a mix of apartments and townhouses, catering to this income demographic. By the end of 2021, their association had grown to a membership of 121 individuals. Their primary mission is to offer affordable housing opportunities, helping to meet the needs of a specific income group in the community.


Is Luther Gardens Inc legitimate?

Luther Gardens Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Luther Gardens 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $139,524

For more financial information, click here


What is the mission statement of Luther Gardens Inc?
Who is the CEO of Luther Gardens Inc?
What is the revenue of Luther Gardens Inc?
Who are the executives of Luther Gardens Inc and what are their salaries?
Where can I find the form 990 for Luther Gardens Inc?

Mission Statement of Luther Gardens Inc

Luther Gardens Inc, as a nonprofit organization, is dedicated to providing middle-income housing. Specifically, it operates under the HUD program 221(d)(3), offering a total of 121 units in the form of apartments and townhouses. The association's mission is to serve as a housing solution for individuals and families who fall into the middle income category, contributing to the provision of suitable housing options within this sector. As of December 31, 2021, Luther Gardens Inc boasts a membership of 121, reflecting the number of families and individuals benefiting from their housing services. By focusing on middle income housing, Luther Gardens Inc is playing a crucial role in addressing the housing needs of a significant portion of the population, thereby contributing to a more balanced and equitable housing landscape.

Impact

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




Saturday, July 20, 2024

Luther Gardens Inc's impact lies in providing middle-income housing under section 221(d)(3) as a HUD project in Topeka, Kansas. With a membership of 121 individuals as of December 31, 2021, Luther Gardens offers 121 units comprised of apartments and townhouses to support individuals in need of affordable housing options. This initiative helps address the housing needs of middle-income individuals in the community, contributing to the overall stability and well-being of its residents.





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: $587
  • Program Service Revenue: $1,096,671
  • Gross Receipts: $1,100,319

    • Assets and Liabilities:
  • Total Assets: $3,160,327
  • Total Liabilities: $4,305,515
  • Net Assets: -$1,145,188
  • Programs

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

    RENTS, LAUNDRY & TENANT CHGS

    Revenue

    $1,096,671

    Organization Details

    Founding Year

    1989

    Principal Officer

    Dennis Payne

    Main Address

    5000 HUNTOON, TOPEKA, KS, 66604

    NTEE Category

    Code: L50 - Housing

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