Luther Village Ii Of Dover Inc is located in Dover, DE. The organization was established in 2007. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, 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 Ii 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 Ii Of Dover Inc generated $268.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $372.5k during the year ending 06/2022. While expenses have increased by 2.4% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION OPERATES A 32 UNIT APARTMENT FACILITY FOR ELDERLY RESIDENTS LOCATED IN DOVER, DE
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE AND MAINTAIN AN APARTMENT COMPLEX FOR ELDERLY LOW INCOME TENANTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Hazel M Partridge Secretary | OfficerTrustee | 2 | $0 |
Richard Foskett Vice-President | OfficerTrustee | 2 | $0 |
Ron Morella Treasurer | OfficerTrustee | 2 | $0 |
Rick Murphy President | OfficerTrustee | 2 | $0 |
Kimberly Mendoza Executive Director | Officer | 40 | $0 |
Ruth P Lyon Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $130,910 |
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 | $130,910 |
Total Program Service Revenue | $135,918 |
Investment income | $36 |
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 | $268,178 |
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 | $84,969 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $10,136 |
Payroll taxes | $6,150 |
Fees for services: Management | $0 |
Fees for services: Legal | $900 |
Fees for services: Accounting | $8,482 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $307 |
Office expenses | $11,661 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $76,342 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $420 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $122,273 |
Insurance | $11,410 |
All other expenses | $832 |
Total functional expenses | $372,541 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $7,391 |
Savings and temporary cash investments | $327,555 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $580 |
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 | $14,393 |
Net Land, buildings, and equipment | $3,501,745 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $10,552 |
Total assets | $3,862,216 |
Accounts payable and accrued expenses | $23,624 |
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 | $300,184 |
Total liabilities | $323,808 |
Net assets without donor restrictions | $3,538,408 |
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 | $3,862,216 |
Organization Name | Assets | Revenue |
---|---|---|
Cedar Crest Village Llc Pompton Plains, NJ | $458,841,206 | $94,228,748 |
Ann S Choice Inc Warminster, PA | $390,463,878 | $78,899,329 |
Acts Retirement Services Inc Fort Washington, PA | $53,774,543 | $61,999,737 |
Lantern Hill Inc New Providence, NJ | $464,665,892 | $49,148,353 |
Whitemarsh Continuing Care Retirement Community Lafayette Hill, PA | $237,675,792 | $39,315,037 |
King Farm Presbyterian Retirement Rockville, MD | $301,432,870 | $34,783,503 |
Caringhouse Projects Incorporated Pleasantville, NJ | $35,651,045 | $47,839,367 |
Concordia Lutheran Ministries Of Pittsburgh Pittsburgh, PA | $101,461,859 | $42,844,424 |
Sjf Ccrc Inc Voorhees, NJ | $105,324,676 | $30,989,570 |
Hudson Lutheran Housing Corporation Secaucus, NJ | $0 | $195,483 |
Lutheran Home For The Aged Erie, PA | $0 | $39,821,403 |
Allied Services Personal Care Inc Clarks Summit, PA | $28,269,893 | $25,176,548 |