Luther Village Iii Of Dover Inc is located in Dover, DE. The organization was established in 2012. 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 Iii 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 06/2022, Luther Village Iii Of Dover Inc generated $428.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (20.2%) each year. All expenses for the organization totaled $557.1k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION OPERATES AN 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 ELDERLYLOW INCOME TENANTS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Hazel M Partridge Secretary | OfficerTrustee | 2 | $0 |
Rick Murphy President | OfficerTrustee | 2 | $0 |
Richard Foskett Vice President | OfficerTrustee | 2 | $0 |
Ron Morella Treasurer | OfficerTrustee | 2 | $0 |
Kimberly Mendoza Executive Director | Officer | 40 | $0 |
Barbara Impollonia Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
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 | $0 |
Total Program Service Revenue | $426,379 |
Investment income | $8 |
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 | $428,311 |
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 | $123,742 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $14,313 |
Payroll taxes | $8,950 |
Fees for services: Management | $0 |
Fees for services: Legal | $713 |
Fees for services: Accounting | $5,480 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $432 |
Office expenses | $10,085 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $45,995 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $231,998 |
Insurance | $16,028 |
All other expenses | $4,500 |
Total functional expenses | $557,136 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $416,575 |
Savings and temporary cash investments | $67,851 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $80 |
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 | $20,966 |
Net Land, buildings, and equipment | $7,325,058 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $34,457 |
Total assets | $7,864,987 |
Accounts payable and accrued expenses | $14,763 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $34,457 |
Total liabilities | $49,220 |
Net assets without donor restrictions | $7,815,767 |
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 | $7,864,987 |
Over the last fiscal year, we have identified 1 grants that Luther Village Iii Of Dover Inc has recieved totaling $313,040.
Awarding Organization | Amount |
---|---|
Lutheran Senior Services Of Dover Inc Dover, DE PURPOSE: DEVELOPMENT OF HOUSING FOR ELDERLY LOW INCOME TENANTS | $313,040 |
Organization Name | Assets | Revenue |
---|---|---|
Arundel Community Development Services Inc Annapolis, MD | $42,935,600 | $33,111,572 |
Community Options New York Inc Princeton, NJ | $30,057,554 | $34,330,215 |
1260 Housing Development Corporation Philadelphia, PA | $75,955,661 | $16,577,131 |
Affordable Housing Alliance Inc Neptune, NJ | $23,008,220 | $15,041,931 |
New Community Corporation Newark, NJ | $92,222,632 | $16,838,314 |
Housing Development Corporation Midatlantic Lancaster, PA | $24,908,226 | $11,939,671 |
Milford Housing Development Corperation Milford, DE | $34,677,401 | $10,337,525 |
Daughter Of Miriam Association Clifton, NJ | $0 | $8,577,466 |
Project Plase Inc Baltimore, MD | $6,563,951 | $8,999,720 |
Fox Lake Ahf Inc Newark, NJ | $17,499,126 | $5,986,974 |
Norris Square Community Alliance Philadelphia, PA | $13,759,138 | $8,779,038 |
1st Cerebral Palsy Of New Jersey Inc Belleville, NJ | $2,942,759 | $6,851,396 |