Lutheran Services Property Inc

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

EIN: 203895886 ✦ Salisbury, NC ✦ Designated as a 501(c)(3)

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Overview

What is Lutheran Services Property Inc?

Lutheran Services Property Inc is a nonprofit organization situated in Salisbury, North Carolina. They are committed to empowering individuals through their faith in Christ, working in conjunction with Lutheran Services for the Aging, Inc. and other affiliated organizations from the North Carolina Synod of the Evangelical Lutheran Church in America. One of their key activities involves owning and leasing out land and buildings, including 1416 S. Martin Luther King Jr. Avenue and 320 Calhoun Street, to entities such as LSA Management, Inc., LSA Pharmacy, Inc., and others. This approach allows them to contribute to the community in a tangible way.


Official website here: www.lscarolinas.net

Is Lutheran Services Property Inc legitimate?

Lutheran Services Property Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lutheran Services 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 Services Property Inc?

Lutheran Services Property Inc's mission, as stated, is centered around empowerment through Christianity. They strive to walk alongside the community, working in conjunction with Lutheran Services for the Aging, Inc. and affiliated organizations of the North Carolina Synod of the Evangelical Lutheran Church in America. Their objective is to empower people through Christ, serving as a supportive presence in their mission.


Official website here: www.lscarolinas.net

Who is the CEO of Lutheran Services Property Inc?

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


Official website here: www.lscarolinas.net

What is the revenue of Lutheran Services Property Inc?

Lutheran Services Property Inc's revenue in 2022 was $144,098.


Official website here: www.lscarolinas.net

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


Here are 6 key members and their salaries (Lutheran Services 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: $6,986
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


Official website here: www.lscarolinas.net

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

Lutheran Services 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 Services Property Inc

Lutheran Services Property, a nonprofit organization, is driven by its mission to empower people through Christ. It works in unity with Lutheran Services for the Aging, Inc. and other affiliated entities of the North Carolina Synod of the Evangelical Lutheran Church in America. This mission sees Lutheran Services Property actively serving the community, leveraging its resources to make a positive impact. The nonprofit owns land and buildings, utilizing them by leasing them out to entities such as LSA Management, Inc., LSA Pharmacy, Inc., and other organizations. In essence, Lutheran Services Property serves as a facilitator, providing necessary resources to further the work of its partner organizations, all under the guiding principle of empowerment through Christ.

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Impact




October, 2024

Lutheran Services Property Inc significantly impacts the community by providing essential support and facilities that empower individuals through Christ-centered service. Operating in Salisbury, NC, the organization owns and manages crucial properties that house various services, including LSA Management, Inc. and LSA Pharmacy, Inc. These establishments are vital in delivering healthcare and management services to the community, enhancing accessibility to necessary resources for local residents.

By leasing land and buildings in strategic locations such as 1416 S. Martin Luther King Jr. Avenue and 320 Calhoun Street, Lutheran Services Property facilitates the provision of vital support services in a manner that fosters community engagement and improvement. The organization's alignment with Lutheran Services for the Aging, Inc., and other affiliates enables a collaborative approach to addressing the needs of various demographics, particularly the elderly and underserved populations.

Overall, Lutheran Services Property Inc plays a pivotal role in creating a network of services that not only meet immediate needs but also promote long-term community well-being and resilience.




This information is meant to be a general summary of Lutheran Services 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
$144,098 (2022)
Expenses
$126,130 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $6,098
  • Program Service Revenue: $138,000
  • Gross Receipts: $144,098

Assets and Liabilities:

  • Total Assets: $2,790,363
  • Total Liabilities: $786,430
  • Net Assets: $2,003,933

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Programs

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

RENTAL INCOME

Revenue

$138,000

Organization Details

Founding Year

2005

Principal Officer

Ted Goins

Main Address

PO BOX 947, SALISBURY, NC, 281450947

NTEE Category

Code: S11 - Community improvement

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