Overview
What is Lutheran Social Ministries Of New Jersey Inc?
Lutheran Social Ministries of New Jersey Inc., identified as LSMNJ, is a faith-based nonprofit organization headquartered in Burlington, New Jersey. With a strong mission guided by Christian values, LSMNJ offers a variety of community services aimed at supporting those in need or facing limited choices. The organization provides essential management and assistance to its affiliated not-for-profit healthcare and social service entities, including financial aid for affordable housing, skilled nursing, assisted living, and other health-related programs. With a dedicated workforce of 78 individuals, LSMNJ's services extend across New Jersey, embodying its commitment to serve and uplift the community.
Official website here: www.lsmnj.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Stars)
Lutheran Social Ministries of New Jersey Inc has received a 56% rating from Charity Navigator, which translates to a One-Star rating. This score indicates significant concerns regarding the organization’s financial management and operational transparency. The charity does well in areas like board independence and governance policies, scoring full points in several categories, but these strengths are overshadowed by critical weaknesses in financial ratios.
The organization boasts a majority independent board and has implemented various governance policies, including conflict of interest and whistleblower policies. However, it struggles notably in financial performance. The program expense ratio is particularly low at 18.82%, suggesting that a minimal portion of its spending is directed towards programs, which raises questions about its overall impact and efficiency.
Additionally, the liabilities to assets ratio of 35.81% is a cause for concern, indicating potential financial instability. The absence of the tax form on the nonprofit's website, which detracts from its accountability score, further compounds these issues. Overall, while there are strengths in governance, the financial management and program funding need considerable improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Lutheran Social Ministries Of New Jersey Inc legitimate?
Lutheran Social Ministries Of New Jersey Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lutheran Social Ministries Of New Jersey 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: $897,015
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,020,245
For more financial information, click here
Official website here: www.lsmnj.org
What is the mission statement of Lutheran Social Ministries Of New Jersey Inc?
Lutheran Social Ministries of New Jersey Inc., as a faith-based organization, is committed to serving individuals who are in need, hurt, or have limited choices. This is done through a variety of health care and social services, driven by the Holy Spirit and the love revealed in the Gospel. Their mission is to alleviate suffering and provide assistance to those who may not have many options. Lutheran Social Ministries of New Jersey offers management and support services to its not-for-profit affiliate entities, offering financial aid for affordable housing, skilled nursing, assisted living, and other health-related programs.
Official website here: www.lsmnj.org
Who is the CEO of Lutheran Social Ministries Of New Jersey Inc?
Colleen P Frankenfield is the President & Ceo of Lutheran Social Ministries Of New Jersey Inc. The CEO's salary of Lutheran Social Ministries Of New Jersey Inc is $813,105 and their total compensation is $863,782.
Official website here: www.lsmnj.org
What is the revenue of Lutheran Social Ministries Of New Jersey Inc?
Lutheran Social Ministries Of New Jersey Inc's revenue in 2022 was $6,756,459.
Official website here: www.lsmnj.org
Who are the executives of Lutheran Social Ministries Of New Jersey Inc and what are their salaries?
The average compensation at Lutheran Social Ministries Of New Jersey Inc during 2022 was $37,401. There are 78 employees and 65 volunteers at Lutheran Social Ministries Of New Jersey Inc.
Here are 18 key members and their salaries (Lutheran Social Ministries Of New Jersey Inc's CEO's salary is $813,105 and their total compensation is $863,782):
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- Compensation: $813,105
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- Other: $50,677
- Compensation: $288,329
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- Other: $23,200
- Compensation: $309,597
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- Compensation: $189,099
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- Compensation: $153,996
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- Other: $9,846
- Compensation: $152,736
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- Other: $12,460
Official website here: www.lsmnj.org
Where can I find the form 990 for Lutheran Social Ministries Of New Jersey Inc?
Lutheran Social Ministries Of New Jersey Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lsmnj.org
Learn more at the official website: www.lsmnj.org
Mission Statement of Lutheran Social Ministries Of New Jersey Inc
Lutheran Social Ministries of New Jersey, Inc., a faith-based organization, is committed to serving individuals who are struggling, in need, or have limited options. Drawing strength from the Holy Spirit and guided by God's love as revealed in the Gospel, Lutheran Social Ministries' mission is to extend a helping hand to these individuals. Through an array of health care and social services, the organization seeks to alleviate suffering and promote well-being.
Specifically, Lutheran Social Ministries of New Jersey, Inc. provides management and support services to its not-for-profit affiliate entities engaged in health care and social services across the state of New Jersey. The organization's mission is realized through financial assistance to programs such as affordable housing, skilled nursing, assisted living, and various health-related initiatives. By offering these services, Lutheran Social Ministries of New Jersey, Inc. aims to create a more compassionate and equitable society, providing support to those most in need.
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Impact
October, 2024
Lutheran Social Ministries of New Jersey Inc (LSMNJ) plays a vital role in the community by offering an array of services aimed at supporting individuals and families who are facing challenges in their lives. Through its commitment to serve those who are hurting or in need, LSMNJ addresses critical issues such as access to affordable housing, skilled nursing care, and assisted living.
The organization provides management and support services to various health care and social service entities, ensuring these programs are effective and reach the people who need them most. By delivering financial assistance and resources, LSMNJ enhances the capacity of its affiliate organizations to offer essential health-related programs. This holistic approach not only improves the quality of life for many residents in New Jersey but also fosters a sense of community and care, exemplifying a faith-based mission that responds to the needs of the vulnerable population.
Through its dedicated efforts, LSMNJ embodies the transformative power of compassion, empowering individuals with limited choices to find support and hope in their circumstances. The organization’s impact extends beyond immediate assistance, contributing to the overall well-being of the community.
This information is meant to be a general summary of Lutheran Social Ministries Of New Jersey 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: $1,647,648
- Program Service Revenue: $5,032,949
- Gross Receipts: $6,756,459
Assets and Liabilities:
- Total Assets: $38,307,481
- Total Liabilities: $13,718,451
- Net Assets: $24,589,030
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET PROGRAM SERV REV
Revenue
$4,962,556
MANAGEMENT FEES
Revenue
$70,393
Organization Details
Founding Year
1904
Phone
(609) 386-7171Principal Officer
Colleen P Frankenfield
Main Address
3 MANHATTAN DRIVE, BURLINGTON, NJ, 08016
Website
www.lsmnj.orgNTEE Category
Code: P200 - Human services
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