Overview
What is Lutheran Home Hickory West Property Inc?
Lutheran Home Hickory West Property Inc. is a nonprofit organization, headquartered at 2140 Medical Park Drive, Hickory, NC. The corporation primarily owns the land and building for a nursing home, which it leases to Lutheran Home Hickory West, Inc. This affiliated entity strives to create a genuine home environment for its residents, fostering a sense of community through the empowerment of Christ. Lutheran Home Hickory West, Inc. is also associated with Lutheran Services for the Aging, Inc. and is recognized as a ministry of the North Carolina Synod of the Evangelical Lutheran Church in America. The organization's mission is to serve its residents and community with compassion and dedication.
Official website here: www.lscarolinas.net
What are the reviews and ratings of this charity?
Charity Navigator rating: 78%, Three-Star out of Four Star rating.
Lutheran Home Hickory West Property Inc has received a Three-Star rating from Charity Navigator, indicating a moderate level of accountability and finance management. The overall score is based solely on the Accountability & Finance beacon, which reflects the organization's commitment to transparency and fiscal responsibility. A high program expense ratio of 99.75% suggests that the majority of funds are directed toward its programs rather than administrative costs.
The organization demonstrates several strengths, including a majority of independent board members and a comprehensive range of governance policies, all of which scored full points. Their financial oversight practices are solid, as evidenced by the presence of an audit committee and the availability of financial statements on their website. This level of accountability is crucial for instilling trust among donors and stakeholders.
However, one notable area for improvement is the organization's liabilities to assets ratio, which stands at 73.93%. This figure may raise concerns about the financial health and sustainability of the organization, as it indicates a relatively high level of liabilities compared to its assets. Addressing this aspect could enhance their overall financial stability and improve their rating in future assessments.
This AI summary has been generated from information found on Charity Navigator.
Is Lutheran Home Hickory West Property Inc legitimate?
Lutheran Home Hickory West Property Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lutheran Home Hickory West 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 West Property Inc?
Lutheran Home Hickory West Property Inc's mission is centered around empowerment, guided by their faith in Christ. They aim to create a true home environment for their residents and strive to walk alongside all they serve, fostering a sense of unity and support. This mission is in line with their affiliation with Lutheran Services for the Aging, Inc. and is part of the North Carolina Synod of the Evangelical Lutheran Church in America. The corporation's values are grounded in the belief that every individual deserves care and companionship, upheld through their association with Lutheran Home Hickory West, Inc.
Official website here: www.lscarolinas.net
Who is the CEO of Lutheran Home Hickory West Property Inc?
Ted Goins is the CEO of Lutheran Home Hickory West Property Inc The CEO's salary of Lutheran Home Hickory West Property Inc is $0 and their total compensation is $394,066.
Official website here: www.lscarolinas.net
What is the revenue of Lutheran Home Hickory West Property Inc?
Lutheran Home Hickory West Property Inc's revenue in 2023 was $858,966.
Official website here: www.lscarolinas.net
Who are the executives of Lutheran Home Hickory West Property Inc and what are their salaries?
Here are 7 key members and their salaries (Lutheran Home Hickory West Property Inc's CEO's salary is $0 and their total compensation is $394,066):
- Compensation: $0
- Related: $381,871
- Other: $12,195
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $81,554
- Other: $8,083
- Compensation: $0
- Related: $259,279
- Other: $15,649
- Compensation: $0
- Related: $261,157
- Other: $15,443
- Compensation: $0
- Related: $120,027
- Other: $10,336
Official website here: www.lscarolinas.net
Where can I find the form 990 for Lutheran Home Hickory West Property Inc?
Lutheran Home Hickory West Property Inc's most recent form 990 was submitted in 2023 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 West Property Inc
Lutheran Home Hickory West Property Inc, guided by their faith in Christ, seeks to create a welcoming environment for all they serve in their nursing home. This nonprofit organization, affiliated with Lutheran Services for the Aging, Inc. and the North Carolina Synod of the Evangelical Lutheran Church in America, aims to embody the spirit of cooperation and support for its residents. The corporation's mission is to empower its residents, walking alongside them in their daily lives, as a true home and a reflection of Christ's love.
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Impact
October, 2024
Lutheran Home Hickory West Property Inc. significantly contributes to the community by providing a supportive environment dedicated to the well-being of its residents. Located in Hickory, NC, this organization owns the land and facilities that house the nursing home, ensuring that the physical space is tailored to meet the needs of those it serves.
The mission of this organization revolves around creating a true home for its residents, walking alongside them, and empowering them through a Christ-centered approach. This commitment fosters a nurturing atmosphere that prioritizes not only the physical health of residents but also their emotional and spiritual well-being.
By leasing the nursing home to Lutheran Home Hickory West, Inc., the property corporation enhances the quality of care provided, ensuring that residents receive compassionate support tailored to their individual needs. Additionally, the affiliation with Lutheran Services for the Aging, Inc. and the North Carolina Synod of the Evangelical Lutheran Church in America further strengthens its commitment to creating a holistic and enriching living environment.
Overall, Lutheran Home Hickory West Property Inc. plays a vital role in the healthcare landscape of Hickory, NC, impacting the lives of residents and their families through its dedication to quality care and community support.
This information is meant to be a general summary of Lutheran Home Hickory West 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 2023.
- Investment Income: $38,405
- Program Service Revenue: $820,000
- Gross Receipts: $858,966
Assets and Liabilities:
- Total Assets: $16,817,804
- Total Liabilities: $12,434,943
- Net Assets: $4,382,861
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$820,000
Organization Details
Founding Year
2006
Principal Officer
Ted Goins
Website
www.lscarolinas.netNTEE Category
Code: E91 - Health
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