Overview
What is Lutheran Home Winston-Salem Property Inc?
Lutheran Home Winston-Salem Property Inc is a nonprofit organization that prioritizes empowering those they serve. Their mission, guided by Christian principles, involves walking side by side with the residents they cater to. The organization owns the nursing home property, which is leased to Lutheran Home - Winston-Salem, Inc. Their primary objective is to transform the nursing home into a welcoming and homelike environment for its residents, ensuring their well-being and comfort.
Official website here: www.lscarolinas.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75%, Three-Star out of Four Star rating.
Lutheran Home Winston-Salem Property Inc has received a 75% rating, which translates to a Three-Star evaluation based on its Accountability & Finance metrics. The organization demonstrates a strong commitment to transparency and governance, as evidenced by their independent board composition, with 66% of board members being independent. Additionally, the nonprofit has established robust policies regarding conflict of interest, whistleblowing, and document retention, all of which received perfect scores.
On the financial side, the organization excels in its program expense ratio, achieving an impressive 99.88%. This indicates that nearly all of its resources are directed towards its programs and services. However, the nonprofit faces challenges with its liabilities to assets ratio, which is reported at 124.02%, suggesting potential concerns regarding its financial stability. This high ratio indicates that the organization has more liabilities than assets, a factor that could be seen as a limitation in its financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Lutheran Home Winston-Salem Property Inc legitimate?
Lutheran Home Winston-Salem Property Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lutheran Home Winston-Salem 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 Winston-Salem Property Inc?
Lutheran Home Winston-Salem Property Inc's mission is centered around empowerment, as stated in their motto, "Empowered by Christ, we walk together with all we serve." This organization strives to accomplish this mission by walking alongside the residents they serve, aiming to transform their nursing home into a true home for its residents. Their goal is to foster a sense of community and inclusion, enabling all those in their care to feel valued and supported.
Official website here: www.lscarolinas.net
Who is the CEO of Lutheran Home Winston-Salem Property Inc?
Ted Goins is the Ceo/President of Lutheran Home Winston-Salem Property Inc. The CEO's salary of Lutheran Home Winston-Salem Property Inc is $0 and their total compensation is $384,553.
Official website here: www.lscarolinas.net
What is the revenue of Lutheran Home Winston-Salem Property Inc?
Lutheran Home Winston-Salem Property Inc's revenue in 2022 was $499,987.
Official website here: www.lscarolinas.net
Who are the executives of Lutheran Home Winston-Salem Property Inc and what are their salaries?
Here are 7 key members and their salaries (Lutheran Home Winston-Salem 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: $139,961
- Other: $3,063
Official website here: www.lscarolinas.net
Where can I find the form 990 for Lutheran Home Winston-Salem Property Inc?
Lutheran Home Winston-Salem 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 Winston-Salem Property Inc
Lutheran Home Winston-Salem Property Inc, a nonprofit organization, is committed to empowering all those they serve. Their mission, guided by their Christian beliefs, is to walk alongside their residents, aiming to make the nursing home a true home for them. The organization, which owns the property and leases it to Lutheran Home - Winston-Salem, Inc., strives to foster a sense of community and support for its residents, working towards creating a homely environment where everyone feels valued and cared for. By adhering to this mission, Lutheran Home Winston-Salem Property Inc seeks to enrich the lives of its residents, providing them with a sense of belonging and security.
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Impact
July, 2024
Lutheran Home Winston-Salem Property Inc, empowered by Christ, walks alongside all they serve to create a true home for residents in their nursing facility. Their impact lies in the compassionate care and support provided to individuals in need of skilled nursing services in the city of Salisbury, NC. By embracing their mission of empowerment and companionship, Lutheran Home Winston-Salem Property Inc plays a vital role in enhancing the quality of life for residents under their care. Their dedication to making the nursing home a welcoming and caring environment positively influences the well-being of those they serve.
This information is meant to be a general summary of Lutheran Home Winston-Salem 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.
- Investment Income: $129,987
- Program Service Revenue: $370,000
- Gross Receipts: $499,987
Assets and Liabilities:
- Total Assets: $6,910,741
- Total Liabilities: $8,571,203
- Net Assets: -$1,660,462
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$370,000
Organization Details
Founding Year
2006
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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