Luke Inc
3300 S Houston Levee Rd, Collierville, TN · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $27,676,096 | $41,941,223 | -$64,648,868 |
| FY2023 | $23,115,141 | $39,181,471 | -$50,383,741 |
| FY2022 | $9,477,450 | $26,356,308 | -$34,317,411 |
| FY2021 | $1,368,129 | $5,353,456 | -$17,438,553 |
| FY2020 | $860,736 | $2,227,621 | -$13,453,226 |
| FY2019 | $518,318 | $2,352,493 | -$12,086,341 |
| FY2018 | $203,218 | $2,115,722 | -$7,555,652 |
| FY2017 | $45,388 | $1,794,570 | -$5,643,148 |
| FY2016 | $11,460 | $1,843,967 | -$3,893,966 |
| FY2015 | $5,250 | $1,282,784 | -$2,061,459 |
| FY2014 | $7,924 | $716,544 | -$783,925 |
| FY2013 | $4,849 | $582,661 | -$75,305 |
| FY2012 | $1,439 | $25,194 | $502,507 |
| FY2011 | $0 | $88,607 | $526,262 |
Form 990 filings
The returns filed by Luke Inc (EIN 20-3524338), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $26,720,676 | 97% |
| Other revenue | $955,420 | 3% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $36,606,579 | 87% |
| Management & general | $5,334,644 | 13% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 97% of total revenue in FY2024.
- Program services accounted for 87% of functional expenses, management & general 13%, and fundraising 0%.
- 87% of functional expenses went to program services in FY2024. That is higher than 50.9% of 929 Housing & Shelter organizations nationwide (too few in TN for a state comparison).
- Net assets covered about -18.5 months of expenses at the end of the reporting year. That puts it in the 16th percentile among 343 Housing & Shelter organizations in TN.
- Total revenue was higher than 99.4% of 347 Housing & Shelter organizations in TN.
- Total revenue rose from $0 in FY2011 to $27,676,096 in FY2024. Revenue increased in 12 and decreased in 1 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 14 of 14 reported years (FY2011, FY2012, FY2013, FY2014, FY2015, FY2016, FY2017, FY2018, FY2019, FY2020, FY2021, FY2022, FY2023, FY2024).
- Net assets declined from $526,262 to -$64,648,868 between FY2011 and FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
LUKE, INC. D/B/A THE FARMS AT BAILEY STATION IS DEDICATED TO PROVIDING RESIDENTS WITH A QUALITY LIFESTYLE IN A QUALITY ENVIRONMENT, SUPPORTING THE CONCEPT OF CONTINUED INDEPENDENCE AS A PRIORITY IN THE LIFE CARE DECISION.
IRS status
| Ruling year | 2006 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | L22 — Housing & Shelter |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
Similar organizations
- Knox Area Rescue Ministries — Knoxville, TN · $49,999,440
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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