Overview
What is Lsa Elms Property Inc?
Lsa Elms Property Inc, a nonprofit entity based in Clemmons, North Carolina, holds ownership of the land and building situated at 3750 Harper Road. The corporation rents out this building to Lsa Elms at Tanglewood, Inc., an organization dedicated to offering its residents a sense of belonging, comfort, and security within their living space. Lsa Elms Property, along with its associated organizations, is an integral part of the North Carolina Synod of the Evangelical Lutheran Church in America. Their shared mission, as expressed by Lsa, is to walk in unity with all they serve, empowered by Christ.
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)
Lsa Elms Property Inc has achieved a Three-Star rating from Charity Navigator, reflecting a solid commitment to accountability and transparency within its operations. With an overall score of 78%, the organization demonstrates strong financial management, particularly highlighted by its impressive program expense ratio of 97.84%, indicating that nearly all of its expenditures are directed towards its charitable programs.
The nonprofit's governance structure appears robust, with 66% of its board members being independent, which contributes positively to its oversight capabilities. The organization has also established comprehensive policies on conflict of interest, whistleblower protections, and document retention, all of which were fully compliant according to the rating criteria.
However, while the rating signifies a commendable level of performance, it is important to note that a Three-Star rating also suggests there may be areas for improvement. Stakeholders may want to explore further details on the organization’s impact and outcomes to gain a complete picture of its effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Lsa Elms Property Inc legitimate?
Lsa Elms Property Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lsa Elms 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 Lsa Elms Property Inc?
Lsa Elms Property Inc, as a ministry of the North Carolina Synod of the Evangelical Lutheran Church in America, is guided by the mission statement: "Empowered by Christ, we walk together with all we serve." This mission reflects their commitment to supporting the residents of the property they own and lease, offering them a sense of comfort, security, and belonging. The corporation's actions are inspired by this mission, aiming to serve all individuals with compassion and faith.
Official website here: www.lscarolinas.net
Who is the CEO of Lsa Elms Property Inc?
Ted Goins is the Ceo/President of Lsa Elms Property Inc. The CEO's salary of Lsa Elms Property Inc is $0 and their total compensation is $384,553.
Official website here: www.lscarolinas.net
What is the revenue of Lsa Elms Property Inc?
Lsa Elms Property Inc's revenue in 2022 was $912,552.
Official website here: www.lscarolinas.net
Who are the executives of Lsa Elms Property Inc and what are their salaries?
Here are 7 key members and their salaries (Lsa Elms 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: $142,318
- Other: $3,308
Official website here: www.lscarolinas.net
Where can I find the form 990 for Lsa Elms Property Inc?
Lsa Elms 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 Lsa Elms Property Inc
Lsa Elms Property Inc, as a ministry of the North Carolina Synod of the Evangelical Lutheran Church in America, is committed to its mission of "Empowered by Christ, we walk together with all we serve." This mission drives the corporation to offer a true home to its residents at 3750 Harper Road in Clemmons, NC. The home provided by Lsa Elms Property Inc is intended to offer comfort, security, and a sense of belonging to its residents. The corporation's mission is not just about providing a physical space, but also about fostering a sense of community and unity, where everyone is valued and supported by one another. Lsa Elms Property Inc, through its mission and work, seeks to embody the teachings of Christ and serve its residents with compassion and dedication.
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Impact
October, 2024
Lsa Elms Property Inc has a significant impact on the community by providing a stable and nurturing environment for residents in need. By owning and leasing the building at 3750 Harper Road, it facilitates the operations of Lsa Elms at Tanglewood, Inc., which focuses on creating a true home for its residents. This initiative emphasizes comfort, security, and a sense of belonging, addressing essential housing needs and fostering community connections.
The organization's commitment to its mission, "Empowered by Christ, we walk together with all we serve," reflects its dedication to walking alongside those it serves, promoting inclusivity, and uplifting individuals and families. By partnering with related ministries under the North Carolina Synod of the Evangelical Lutheran Church in America, Lsa Elms Property Inc not only provides housing but also supports the spiritual and emotional well-being of its residents.
In summary, the impact of Lsa Elms Property Inc resonates through its role in offering safe housing, fostering community, and empowering individuals, contributing significantly to the overall well-being of the region.
This information is meant to be a general summary of Lsa Elms 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: $27,552
- Program Service Revenue: $885,000
- Gross Receipts: $912,552
Assets and Liabilities:
- Total Assets: $8,609,241
- Total Liabilities: $7,864,306
- Net Assets: $744,935
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$885,000
Organization Details
Founding Year
2008
Phone
(704) 637-2870Principal Officer
Ted Goins
Main Address
PO BOX 947, SALISBURY, NC, 281450947
Website
www.lscarolinas.netNTEE Category
Code: L22 - Housing
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