Overview
What is Lutheran Home For The Aged Inc?
Lutheran Home For The Aged Inc is a nonprofit organization based in Arlington Heights, Illinois. With a team of 626 employees, they provide residential and healthcare services for seniors. Their mission is to empower vibrant living across all generations and offer benevolent care to those who have exhausted their financial funds. The organization manages 376 skilled nursing units and 100 assisted living beds. Their services encompass senior care, ensuring the well-being of older adults in need. The benevolent care aspect is partially funded through donations from Lutheran Life Communities Foundation.
Official website here: www.lutheranlifecommunities.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1-Star out of Four Stars (51%)
Lutheran Home For The Aged Inc has received a low rating of 51% from Charity Navigator, which indicates significant concerns regarding its accountability and financial health. The organization particularly struggles with its governance, as only 33% of its board members are independent. This lack of independence raises questions about the effectiveness of oversight and decision-making within the organization.
Despite the weaknesses in governance, the organization does demonstrate some strengths in its program expense ratio, dedicating 85.57% of its resources to programs. Additionally, it maintains essential policies such as conflict of interest, whistleblower protections, and document retention, which reflect a commitment to ethical practices. However, the absence of financial statements and a high liabilities-to-assets ratio of 82.35% highlights potential financial instability and transparency issues.
Overall, while Lutheran Home For The Aged Inc shows a commitment to its mission through its programming, the low rating suggests a need for improvement in governance and financial reporting to enhance accountability and build trust with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Lutheran Home For The Aged Inc legitimate?
Lutheran Home For The Aged Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lutheran Home For The Aged 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: $24,790,790
For more financial information, click here
Official website here: www.lutheranlifecommunities.org
What is the mission statement of Lutheran Home For The Aged Inc?
Lutheran Home for the Aged Inc is dedicated to empowering vibrant, grace-filled living for seniors across all generations. They offer residential and healthcare services to this population, extending benevolent care to those who have depleted their financial resources. The benevolent care program is partially funded through contributions from Lutheran Life Communities Foundation. The organization manages a total of 376 skilled nursing units and 100 assisted living beds, providing essential care and support for seniors in need.
Official website here: www.lutheranlifecommunities.org
Who is the CEO of Lutheran Home For The Aged Inc?
Sloan Bentley is the CEO of Lutheran Home For The Aged Inc The CEO's salary of Lutheran Home For The Aged Inc is $0 and their total compensation is $557,848.
Official website here: www.lutheranlifecommunities.org
What is the revenue of Lutheran Home For The Aged Inc?
Lutheran Home For The Aged Inc's revenue in 2023 was $60,361,096.
Official website here: www.lutheranlifecommunities.org
Who are the executives of Lutheran Home For The Aged Inc and what are their salaries?
The average compensation at Lutheran Home For The Aged Inc during 2023 was $40,310. There are 615 employees at Lutheran Home For The Aged Inc.
Here are 10 key members and their salaries (Lutheran Home For The Aged Inc's CEO's salary is $0 and their total compensation is $557,848):
- Compensation: $0
- Related: $544,444
- Other: $13,404
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $267,249
- Other: $7,657
- Compensation: $0
- Related: $77,363
- Other: $1,484
- Compensation: $217,773
- Related: $0
- Other: $8,910
- Compensation: $155,405
- Related: $0
- Other: $1,849
- Compensation: $127,784
- Related: $0
- Other: $5,261
- Compensation: $129,556
- Related: $0
- Other: $6,133
- Compensation: $112,424
- Related: $0
- Other: $4,591
- Compensation: $109,433
- Related: $0
- Other: $4,841
Official website here: www.lutheranlifecommunities.org
Where can I find the form 990 for Lutheran Home For The Aged Inc?
Lutheran Home For The Aged Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lutheranlifecommunities.org
Learn more at the official website: www.lutheranlifecommunities.org
Mission Statement of Lutheran Home For The Aged Inc
Lutheran Home For The Aged Inc, a nonprofit organization, is dedicated to empowering vibrant, grace-filled living for seniors across all generations. The organization provides both residential and healthcare services to seniors, going above and beyond for those who have depleted their financial resources. This benevolent care is supported in part by funds received from an affiliate, Lutheran Life Communities Foundation.
Lutheran Home For The Aged Inc operates 376 skilled nursing units and 100 assisted living beds, offering comprehensive care to seniors in need. The organization's commitment to its mission is reflected in its day-to-day operations, as it strives to create an environment where seniors can live with dignity and grace, regardless of their financial situation. Through its residential and healthcare services, Lutheran Home For The Aged Inc nurtures a community where seniors can thrive and age gracefully.
By focusing on the well-being of seniors, Lutheran Home For The Aged Inc goes beyond the mere provision of care. The organization invests in the lives of its residents, fostering an atmosphere of grace and compassion that enriches their lives and supports them in their journey through the aging process. Whether it be through skilled nursing care or the provision of assisted living services, Lutheran Home For The Aged Inc is dedicated to ensuring that seniors receive the care they need and the compassion they deserve.
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Impact
October, 2024
Lutheran Home For The Aged Inc has a significant impact on the well-being of seniors in the Arlington Heights community and beyond. By providing 376 skilled nursing units and 100 assisted living beds, it offers essential residential and healthcare services designed to meet the diverse needs of elderly individuals.
The organization is committed to empowering vibrant, grace-filled living for all generations, focusing particularly on seniors who require supportive care. A crucial aspect of its mission is the provision of benevolent care to those who have exhausted their financial resources, ensuring that quality care remains accessible regardless of an individual's economic situation.
Through its programming and support services, Lutheran Home For The Aged Inc promotes not only physical health but also emotional and social well-being, fostering a nurturing environment that enhances the quality of life for residents. The integration of various care services helps to create a community where seniors can thrive, offering them dignity, respect, and a sense of belonging. Overall, its efforts contribute positively to the lives of many, demonstrating a profound commitment to serving and uplifting the elderly population.
This information is meant to be a general summary of Lutheran Home For The Aged 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: $206,152
- Program Service Revenue: $56,775,432
- Gross Receipts: $60,361,096
Assets and Liabilities:
- Total Assets: $127,377,508
- Total Liabilities: $107,684,079
- Net Assets: $19,693,429
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT SERVICE REVENUE
Revenue
$56,488,599
ANCILLARY SERVICES
Revenue
$286,833
Organization Details
Founding Year
1892
Principal Officer
Sloan Bentley
NTEE Category
Code: P750 - Human services
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