Lutheran Residence Corporation
Lutheran Residence Corporation
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About this organization
Revenue
$7,946,322
Expenses
$809,069
Mission
Ownership & operation of a Section 223f HUD financed multifamily project.
About
The organization owned and operated a Section 223(f) HUD financed multifamily housing project for the elderly. The project consists of 45 units.
Interesting data from their 2019 990 filing
The purpose of the non-profit is outlined in the filing as “To provide rental housing related facilities and services specially designed to meet the physical, spiritual, social and psychological needs of elderly and handicapped persons.”.
When discussing its operations, they were defined as: “Ownership & operation of a section 223f hud financed multifamily project.”.
- The state where the non-profit operates has been legally reported as NJ.
- The filing indicates that the non-profit's address in 2019 is located at 1321 PATERSON PLANK ROAD, SECAUCUS, NJ, 07094.
- The non-profit has reported 11 employees on their form as of 2019.
- Is not a private foundation.
- Expenses are between $500,000 and $1,000,000+.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $7,137,253.
- The organization has 7 independent voting members.
- The organization was formed in 1992.
- The organization pays $255,967 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.