Overview
What is Lutheran Home Hickory Property Inc?
Lutheran Home Hickory Property Inc is a nonprofit corporation located in Hickory, North Carolina. It owns the land and building situated at 1265 21st Street, NE, leasing it to Lutheran Home - Hickory, Inc. Lutheran Home - Hickory, Inc. utilizes this building as a residence, aiming to provide a sense of comfort, security, and belonging for its residents. Lutheran Home Hickory Property Inc charges reasonable lease payments to ensure the facility's ongoing maintenance. As a nonprofit, Lutheran Home Hickory Property Inc is guided by the principles of Christianity, striving to support and collaborate with all individuals it serves.
Official website here: www.lscarolinas.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93% (Four-Star out of Four Star rating)
Lutheran Home Hickory Property Inc has achieved a Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The charity's overall score is a result of a solid accountability and finance score of 93%, which indicates effective financial management and governance practices. This high rating suggests that the organization is dedicated to transparency and responsibility in its operations.
A notable strength of the organization is its independent board composition, with 66% of board members being independent. Additionally, the charity excels in financial oversight, scoring full points in areas such as its audit and oversight committee and the absence of material diversion of assets. Its commitment to ethical policies is further demonstrated by the inclusion of conflict of interest and whistleblower policies.
Despite the positive rating, it is essential for potential donors and stakeholders to remain informed about any changes in the nonprofit's operations or financial health over time. However, based on the current data, Lutheran Home Hickory Property Inc demonstrates a high level of accountability and a strong commitment to its financial integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Lutheran Home Hickory Property Inc legitimate?
Lutheran Home Hickory Property Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lutheran Home Hickory 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 Hickory Property Inc?
Lutheran Home Hickory Property Inc's mission, as stated in their description, is centered around the values of Christianity. They express this by walking alongside all individuals they serve. However, the specific mission statement, as indicated by "See Schedule O" in the provided information, was not provided. Therefore, I'm unable to provide a detailed mission statement summary based on the given data.
Official website here: www.lscarolinas.net
Who is the CEO of Lutheran Home Hickory Property Inc?
Ted Goins is the Ceo/President of Lutheran Home Hickory Property Inc. The CEO's salary of Lutheran Home Hickory Property Inc is $0 and their total compensation is $384,553.
Official website here: www.lscarolinas.net
What is the revenue of Lutheran Home Hickory Property Inc?
Lutheran Home Hickory Property Inc's revenue in 2022 was $600,000.
Official website here: www.lscarolinas.net
Who are the executives of Lutheran Home Hickory Property Inc and what are their salaries?
Here are 7 key members and their salaries (Lutheran Home Hickory Property Inc's CEO's salary is $0 and their total compensation is $384,553):
- Compensation: $0
- Related: $372,224
- Other: $12,329
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $79,943
- Other: $6,986
- Compensation: $0
- Related: $249,074
- Other: $16,049
- Compensation: $0
- Related: $238,498
- Other: $16,056
- Compensation: $0
- Related: $115,986
- Other: $8,193
Official website here: www.lscarolinas.net
Where can I find the form 990 for Lutheran Home Hickory Property Inc?
Lutheran Home Hickory 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 Hickory Property Inc
Lutheran Home Hickory Property Inc, guided by their Christian values, aims to walk alongside all individuals they serve with empathy and support. Their mission, though not explicitly stated in the provided information, can be inferred from their activity or mission description. By leasing their property to Lutheran Home - Hickory Inc., Lutheran Home Hickory Property Inc contributes to creating a welcoming environment where residents can feel a sense of comfort, security, and belonging. By charging reasonable lease payments, they ensure the ongoing maintenance of the facility, thereby upholding their commitment to provide a suitable living space. In essence, Lutheran Home Hickory Property Inc's mission is to contribute to the well-being of its tenants, fostering a sense of home and belonging.
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Impact
July, 2024
Lutheran Home Hickory Property Inc's impact lies in providing a true home for its residents, a place of comfort, security, and belonging. By owning the land and building located in Hickory, NC, and leasing it to Lutheran Home - Hickory, Inc., this organization plays a crucial role in ensuring that individuals in need of care have a safe and nurturing environment to call home. Through its work, Lutheran Home Hickory Property Inc contributes to the well-being and quality of life of those it serves, ultimately making a positive difference in their lives.
This information is meant to be a general summary of Lutheran Home Hickory 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $600,000
- Gross Receipts: $600,000
Assets and Liabilities:
- Total Assets: $5,168,475
- Total Liabilities: $1,757,878
- Net Assets: $3,410,597
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$600,000
Organization Details
Founding Year
2004
Phone
(704) 637-2870Principal Officer
Ted Goins
Main Address
PO BOX 947, SALISBURY, NC, 281450947
Website
www.lscarolinas.netNTEE Category
Code: E91 - Health
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