Luther Village Ii Of Dover Inc
Luther Village II of Dover Inc. consistently operates with expenses exceeding revenue, leading to a gradual decline in assets.
EIN: 208049368 · Dover, DE · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $414K |
| Total Expenses | $400K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $3.6 |
| Net Assets | $3.4M |
| Transparency Score | 75/100 |
Is Luther Village Ii Of Dover Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Luther Village Ii Of Dover Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Luther Village Ii Of Dover Inc
Luther Village Ii Of Dover Inc (EIN: 208049368) is a nonprofit organization based in Dover, DE, classified under NTEE code L22. The organization reported total revenue of $414K and total assets of $3.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Luther Village Ii Of Dover Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Luther Village Ii Of Dover Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $334K |
| Total Expenses | $400K |
| Surplus / Deficit | $-65,800 |
| Total Assets | $3.7M |
| Total Liabilities | $327K |
| Net Assets | $3.4M |
| Operating Margin | -19.7% |
| Debt-to-Asset Ratio | 8.9% |
| Months of Reserves | 110.9 months |
Financial Health Grade: B
In 2024, Luther Village Ii Of Dover Inc reported a deficit of $66K with expenses exceeding revenue, holds 110.9 months of operating reserves (strong position), has a debt-to-asset ratio of 8.9% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Luther Village Ii Of Dover Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +15.0% | +2.1% | -1.7% |
| 2023 | +8.5% | +5.2% | -2.6% |
| 2022 | +11.6% | +4.5% | -2.5% |
| 2021 | +0.7% | +5.7% | -2.7% |
| 2020 | +4.2% | +5.0% | -2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Luther Village Ii Of Dover Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Luther Village Ii Of Dover Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $66K, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.9%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization of its size with assets over $3.6 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Luther Village Ii Of Dover Inc's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue) over multiple years.
- Gradual decline in total assets over the past decade, from $4.6M in 2015 to $3.7M in 2024.
Strengths
The following positive indicators were identified for Luther Village Ii Of Dover Inc:
- No reported officer compensation, indicating highly efficient or volunteer-led administration.
- Strong asset base ($3,693,203) relative to liabilities ($327,457 in 2024), providing financial stability.
- Consistent filing history demonstrating transparency.
Frequently Asked Questions about Luther Village Ii Of Dover Inc
Is Luther Village Ii Of Dover Inc a legitimate charity?
Luther Village Ii Of Dover Inc (EIN: 208049368) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $414K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Luther Village Ii Of Dover Inc spend its money?
Luther Village Ii Of Dover Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Luther Village Ii Of Dover Inc tax-deductible?
Luther Village Ii Of Dover Inc is registered as a tax-exempt nonprofit (EIN: 208049368). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Luther Village Ii Of Dover Inc CEO make?
Luther Village Ii Of Dover Inc's highest-compensated officer earns $3.6 annually. The organization reported $414K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Luther Village Ii Of Dover Inc's spending goes to programs?
Luther Village Ii Of Dover Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Luther Village Ii Of Dover Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Luther Village Ii Of Dover Inc is above average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Luther Village Ii Of Dover Inc located?
Luther Village Ii Of Dover Inc is headquartered in Dover, Delaware and files with the IRS under EIN 208049368. It is classified under NTEE code L22.
How many years of IRS 990 filings does Luther Village Ii Of Dover Inc have?
Luther Village Ii Of Dover Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $414K in total revenue.
Is Luther Village II of Dover Inc. financially sustainable given its consistent operating deficits?
The organization has consistently reported expenses exceeding revenue for at least the last 10 years. While it has substantial assets ($3,699,065 in 2024) that can absorb these deficits in the short term, this trend is not sustainable indefinitely without new revenue streams or expense reductions.
How does Luther Village II of Dover Inc. fund its operations without officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership is either entirely volunteer-based or that compensation is structured in a way that it is not reported as officer compensation on the 990, which is unusual for an organization of this asset size. Further investigation into administrative expenses would be needed to understand how management functions are supported.
What is the primary source of revenue for Luther Village II of Dover Inc.?
Based on the NTEE code L22 (Housing for the Elderly), it is likely that the primary revenue comes from resident fees, rental income, or similar charges for housing services. The filings show consistent, albeit slowly increasing, revenue over time.
Filing History
IRS 990 filing history for Luther Village Ii Of Dover Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Luther Village Ii Of Dover Inc's revenue has grown by 61.5%, moving from $207K to $334K. Total assets decreased by 24.5% over the same period, from $4.9M to $3.7M. Total functional expenses rose by 32.5%, from $302K to $400K. In its most recent filing year (2024), Luther Village Ii Of Dover Inc reported a deficit of $66K, with expenses exceeding revenue. The organization holds $327K in liabilities against $3.7M in assets (debt-to-asset ratio: 8.9%), resulting in net assets of $3.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $334K | $400K | $3.7M | $327K | — | — |
| 2023 | $291K | $392K | $3.8M | $324K | — | — |
| 2022 | $268K | $373K | $3.9M | $324K | — | View 990 |
| 2021 | $240K | $357K | $4.0M | $317K | — | — |
| 2020 | $239K | $337K | $4.1M | $313K | — | View 990 |
| 2019 | $229K | $321K | $4.2M | $311K | — | View 990 |
| 2018 | $218K | $331K | $4.3M | $324K | — | — |
| 2017 | $212K | $315K | $4.4M | $316K | — | View 990 |
| 2016 | $211K | $316K | $4.5M | $314K | — | View 990 |
| 2015 | $211K | $318K | $4.6M | $332K | — | View 990 |
| 2014 | $206K | $308K | $4.7M | $324K | — | View 990 |
| 2013 | $214K | $304K | $4.8M | $332K | — | View 990 |
| 2012 | $207K | $302K | $4.9M | $333K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $334K, expenses of $400K, and assets of $3.7M (revenue +15.0% year-over-year).
- 2023: Revenue of $291K, expenses of $392K, and assets of $3.8M (revenue +8.5% year-over-year).
- 2022: Revenue of $268K, expenses of $373K, and assets of $3.9M (revenue +11.6% year-over-year).
- 2021: Revenue of $240K, expenses of $357K, and assets of $4.0M (revenue +0.7% year-over-year).
- 2020: Revenue of $239K, expenses of $337K, and assets of $4.1M (revenue +4.2% year-over-year).
- 2019: Revenue of $229K, expenses of $321K, and assets of $4.2M (revenue +4.9% year-over-year).
- 2018: Revenue of $218K, expenses of $331K, and assets of $4.3M (revenue +3.1% year-over-year).
- 2017: Revenue of $212K, expenses of $315K, and assets of $4.4M (revenue +0.3% year-over-year).
- 2016: Revenue of $211K, expenses of $316K, and assets of $4.5M (revenue +0.1% year-over-year).
- 2015: Revenue of $211K, expenses of $318K, and assets of $4.6M (revenue +2.1% year-over-year).
- 2014: Revenue of $206K, expenses of $308K, and assets of $4.7M (revenue -3.8% year-over-year).
- 2013: Revenue of $214K, expenses of $304K, and assets of $4.8M (revenue +3.6% year-over-year).
- 2012: Revenue of $207K, expenses of $302K, and assets of $4.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Luther Village Ii Of Dover Inc:
Data Sources and Methodology
This transparency report for Luther Village Ii Of Dover Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.