Luther Village I Of Dover Inc
- Assets
- $5.1m
- Revenue
- $527.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Dover, DE
- Founding
- 08/2003
- Data as of
- 06/2023
- EIN
- 33-1048193
Organization Overview
Luther Village I Of Dover Inc is located in Dover, DE. The organization was established in 2003. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Luther Village I Of Dover Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Luther Village I Of Dover Inc generated $527.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $716.2k during the year ending 06/2023. While expenses have increased by 2.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION OPERATES A 68 UNIT APARTMENT FACILITY FOR THE ELDERLY IN DOVER, DE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE AND MAINTAIN AN APARTMENT COMPLEX FOR ELDERLY LOW INCOME TENANTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Murphy President | OfficerTrustee | 2 | $0 |
Richard Foskett Vice President | OfficerTrustee | 2 | $0 |
Hazel Partridge Secretary | OfficerTrustee | 2 | $0 |
Ron Morella Treasurer | OfficerTrustee | 2 | $0 |
Frank Newton Director | Trustee | 1 | $0 |
Barbara Impollonia Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $208,076 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $208,076 |
| Total Program Service Revenue | $314,158 |
| Investment income | $5,140 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $527,664 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $194,836 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,698 |
| Payroll taxes | $14,159 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,950 |
| Fees for services: Accounting | $10,725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $664 |
| Office expenses | $17,458 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $147,180 |
| Travel | $34 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $777 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $199,967 |
| Insurance | $23,652 |
| All other expenses | $609 |
| Total functional expenses | $716,247 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,640 |
| Savings and temporary cash investments | $444,287 |
| Pledges and grants receivable | $1,155 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $28,631 |
| Net Land, buildings, and equipment | $4,583,326 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,325 |
| Total assets | $5,099,364 |
| Accounts payable and accrued expenses | $16,899 |
| Grants payable | $0 |
| Deferred revenue | $1,908 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,325 |
| Total liabilities | $44,132 |
| Net assets without donor restrictions | $5,055,232 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,099,364 |