LUTHER VILLAGE III OF DOVER INC

EIN: 460860848 501(c)(3) Housing & Shelter

DOVER, DE

Total Revenue
$498,818
Total Expenses
$607,115
Total Assets
$7,628,146
Net Assets
$7,576,904
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
DE
Principal Officer
KIMBERLY MENDOZA
Phone
3026741408
Tax Period
2023-07-01 to 2024-06-30

LUTHER VILLAGE III OF DOVER INC, founded in 2012, is a small nonprofit in the Housing & Shelter sector that reported $499K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $607K exceeded revenue, resulting in a 22% operating deficit.

Mission

PROVIDE SAFE, SECURE HOUSING FOR ELIGIBLE PERSONS OF LIMITED INCOME IN AN ATMOSPHERE OF PEACE AND DIGNITY, WITH A SENSE OF RESPONSIBLE COMMUNITY AND TO PROVIDE SUCH SUPPORT SERVICES FROM MANAGEMENT, STAFF AND VOLUNTEERS AS SHALL BE NEEDED TO ACCOMPLISH THIS GOAL.

Program Service Accomplishments

Program 1
Expenses: $522,175 Revenue: $472,475

OPERATE AND MAINTAIN AN APARTMENT COMPLEX FOR ELDERLY LOW INCOME TENANTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $15,350
Program Service Revenue $472,098
Investment Income $10,993
Other Revenue $377
TOTAL REVENUE $498,818

Expense Breakdown

Grants Paid $0
Salaries & Benefits $166,104
Fundraising Expenses $0
Program Expenses $522,175
Other Expenses $441,011
TOTAL EXPENSES $607,115

Year-over-Year Comparison

2023 2022 Change
Revenue $498,818 $451,532 +0.1%
Expenses $607,115 $582,098 +0.0%
Net Income $-108,297 $-130,566 -0.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
13

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$115,197
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HAZEL M PARTRIDGE SECRETARY 2.00
Officer Director
$0 $0 $0
RICK MURPHY PRESIDENT 2.00
Officer Director
$0 $0 $0
RICHARD FOSKETT VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
RON MORELLA TREASURER 2.00
Officer Director
$0 $0 $0
BARBARA IMPOLLONIA DIRECTOR 1.00
Director
$0 $0 $0
RUTH P LYON DIRECTOR 1.00
Director
$0 $0 $0
PASTOR V ANNE STRICKERT DIRECTOR 1.00
Director
$0 $0 $0
PASTOR CHARLES RANSDELL DIRECTOR 1.00
Director
$0 $0 $0
KIMBERLY MENDOZA EXECUTIVE DIRECTOR 40.00
Officer
$0 $5,345 $115,197
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $498,818 $607,115 $7,628,146 $-108,297
2023 $451,532 $582,098 $7,734,058 $-130,566
2022 $428,311 $557,136 $7,864,987 $-128,825
2021 $427,533 $542,097 $7,998,574 $-114,564
2020 $3,223,706 $598,961 $8,105,950 $2,624,745
2019 $432,637 $598,095 $8,480,905 $-165,458
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