Lutheran Home Albemarle Property Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 201457273 ✦ Salisbury, NC ✦ Designated as a 501(c)(3)

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Overview

What is Lutheran Home Albemarle Property Inc?

Lutheran Home Albemarle Property Inc is a nonprofit organization situated in Salisbury, North Carolina. Owning the property, they lease it to Lutheran Home - Albemarle, Inc., a ministry under the North Carolina Synod of the Evangelical Lutheran Church in America. Both organizations share a common mission to create a homelike environment for its residents, offering comfort, security, and a sense of community. The mission statement, "empowered by Christ, we walk together with all we serve," underscores their dedication to serving their residents.


Official website here: www.lscarolinas.net

Is Lutheran Home Albemarle Property Inc legitimate?

Lutheran Home Albemarle Property Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lutheran Home Albemarle Property Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.lscarolinas.net

What is the mission statement of Lutheran Home Albemarle Property Inc?

Lutheran Home Albemarle Property Inc's mission, shared with its leased entity Lutheran Home - Albemarle, is centered around the principle of being "empowered by Christ." This mission encourages unity and mutual support, emphasizing the importance of serving all individuals with dedication and compassion. The organization strives to create an environment that provides comfort, security, and a sense of community. Both entities, being ministries of the North Carolina Synod of the Evangelical Lutheran Church in America, collectively uphold this mission statement.


Official website here: www.lscarolinas.net

Who is the CEO of Lutheran Home Albemarle Property Inc?

Ted Goins is the Ceo/President of Lutheran Home Albemarle Property Inc. The CEO's salary of Lutheran Home Albemarle Property Inc is $0 and their total compensation is $384,553.


Official website here: www.lscarolinas.net

What is the revenue of Lutheran Home Albemarle Property Inc?

Lutheran Home Albemarle Property Inc's revenue in 2022 was $410,330.


Official website here: www.lscarolinas.net

Who are the executives of Lutheran Home Albemarle Property Inc and what are their salaries?


Here are 7 key members and their salaries (Lutheran Home Albemarle Property Inc's CEO's salary is $0 and their total compensation is $384,553):


Ted Goins (Ceo/President)
  • Compensation: $0
  • Related: $372,224
  • Other: $12,329
Gregory Hudgins (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cary M Grant (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Maddry (Secretary)
  • Compensation: $0
  • Related: $79,943
  • Other: $6,507
Kirby Nickerson (Chief Financial Officer)
  • Compensation: $0
  • Related: $249,074
  • Other: $16,049
Kesha Smith (Coo - Senior Services)
  • Compensation: $0
  • Related: $238,498
  • Other: $16,056
Stephanie Herrin-Huneycutt (Administrator)
  • Compensation: $0
  • Related: $118,370
  • Other: $8,136


Official website here: www.lscarolinas.net

Where can I find the form 990 for Lutheran Home Albemarle Property Inc?

Lutheran Home Albemarle Property Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.lscarolinas.net

Learn more at the official website: www.lscarolinas.net

Mission Statement of Lutheran Home Albemarle Property Inc

Lutheran Home Albemarle Property Inc, as a ministry of the North Carolina Synod of the Evangelical Lutheran Church in America, is committed to a mission that is rooted in Christian values. This mission, stated as "empowered by Christ, we walk together with all we serve," emphasizes the organization's dedication to creating a supportive environment for everyone it serves. By leasing its property to Lutheran Home - Albemarle, Inc., which in turn provides a true home for its residents, Lutheran Home Albemarle Property Inc embodies its mission by fostering a sense of comfort, security, and community. This mission is not just a statement, but a guiding principle that drives the organization to work in harmony with those it serves.

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Impact




October, 2024

Lutheran Home Albemarle Property Inc significantly impacts the community by providing a stable and nurturing environment for its residents. By owning the land and leasing it to Lutheran Home - Albemarle, Inc., this organization contributes to the development of a space that prioritizes comfort, security, and a sense of belonging for those who call it home. It fosters a strong community spirit, rooted in the values of compassion and care.

Through its mission, "empowered by Christ, we walk together with all we serve," Lutheran Home Albemarle Property Inc engages with residents and their families, ensuring that their needs are met with dignity and respect. This commitment not only enhances the quality of life for those who reside there but also strengthens the broader community in Salisbury, NC, by promoting inclusivity and support for all individuals, especially the elderly and vulnerable.




This information is meant to be a general summary of Lutheran Home Albemarle Property Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$410,330 (2022)
Expenses
$701,083 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $25,330
  • Program Service Revenue: $385,000
  • Gross Receipts: $410,330

Assets and Liabilities:

  • Total Assets: $7,974,365
  • Total Liabilities: $3,944,006
  • Net Assets: $4,030,359

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$385,000

Organization Details

Founding Year

2004

Principal Officer

Ted Goins

Main Address

PO BOX 947, SALISBURY, NC, 281450947

NTEE Category

Code: E91 - Health

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