NonprofitsLuther Terrace Inc

Luther Terrace Inc

CORDOVA, TN

Total revenue

$525K

Total expenses

$515K

Net assets

$103K

Grants received

EIN

581567594

Tax year

2024

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.

Financials

FY 2024

Revenue

Contributions & grants$362K
Program service revenue$160K
Investment income$2K
Other revenue
Total revenue$525K

Expenses

Grants paid
Salaries & benefits$86K
Fundraising
Other expenses$429K
Total expenses$515K
Total assets$802K
Net assets$103K

People

11 listed

NameRoleCompensation

AMANDA L WARD

CHAIRPERSON

Board

1 hrs/wk

CAROL AVENS

MEMBER

Board

1 hrs/wk

DWIGHT DAVIS

MEMBER

Board

1 hrs/wk

HOLLY MITCHENER

MEMBER

Board

1 hrs/wk

JENNIFER NORRIS

VICE CHAIRPERSON

Board

1 hrs/wk

MARY LOU CUSHING

SECRETARY/TREASURER

Board

1 hrs/wk

MEREDITH BINGHAM

MEMBER

Board

1 hrs/wk

PHYLLIS GAY

MEMBER

Board

1 hrs/wk

BRIAN HARRIS

NON-VOTING CEO

Board

1 hrs/wk

DONALD OLLIO

NON-VOTING CFO

Board

1 hrs/wk

RONALD BUDYNAS

NON-VOTING COO

Board

1 hrs/wk

Details

EIN581567594
Subsection03
Ruling date1985-05
Formed1978
Employees0
Volunteers8
LUTHER TERRACE INC — Mission, Financials & Grants Received | Grantivo