Luther Terrace Inc.
Luther Terrace Inc.
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About this organization
Mission
Luther Terrace, Inc. is a not-for-profit general welfare corporation formed in May 1978, in accordance with the not-for-profit statutes of the state of Tennessee. The corporation was formed for the purpose of operating a 40 unit community located in Memphis, Tennessee known as Luther Terrace, which provides housing and related services for very low and extremely low income elderly persons pursuant to Section 202 of the National Housing Act, as amended.
About
Luther Terrace, Inc. is a not-for-profit general welfare corporation formed in May 1978, in accordance with the not-for-profit statutes of the state of Tennessee. The corporation was formed for the purpose of operating a 40 unit community located in Memphis, Tennessee known as Luther Terrace, which provides housing and related services for very low and extremely low income elderly persons pursuant to Section 202 of the National Housing Act, as amended.
Interesting data from their 2020 990 filing
The purpose of the non-profit is stated in the filing as “Luther terrace, inc. is a not-for-profit general welfare corporation formed in may 1978, in accordance with the not-for-profit statutes of the state of tennessee. the corporation was formed for the purpose of operating a 40 unit community located in memphis, tennessee known as luther terrace, which provides housing and related services for very low and extremely low income elderly persons pursuant to section 202 of the national housing act, as amended.”.
Their activities were defined as: “Luther terrace, inc. is a not-for-profit general welfare corporation formed in may 1978, in accordance with the not-for-profit statutes of the state of tennessee. the corporation was formed for the purpose of operating a 40 unit community located in memphis, tennessee known as luther terrace, which provides housing and related services for very low and extremely low income elderly persons pursuant to section 202 of the national housing act, as amended.”.
- As per legal requirements, the non-profit's state of operation is reported as TN.
- The non-profit's address in 2020 as per the filing is 1615 APPLING ROAD, CORDOVA, TN, 38016.
- The form of the non-profit organization shows 0 employees as of 2020.
- Is not a private foundation.
- Expenses are between $250,000 and $500,000.
- Revenue is between $250,000 and $500,000.
- Revenue less expenses is $7,465.
- The organization has 10 independent voting members.
- The organization was formed in 1978.
- The organization pays $113,525 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.