Overview
What is Lutheran Homes Of Michigan Inc?
Lutheran Homes of Michigan Inc, also known as Wellspring Lutheran Services, is a compassionate nonprofit organization based in Saginaw, Michigan. With a dedicated team of 655 employees, they provide skilled nursing care and accommodations for the elderly in two nursing homes. Their mission, driven by Christian love, focuses on helping people realize and embrace their God-given potential. Through their services, they offered 78,483 days of care and 11,207 days of rehabilitation, room, board, nursing care, and religious services to residents in need.
Official website here: www.wellspringlutheran.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 93% (Four-Star out of Four Star rating)
Lutheran Homes of Michigan Inc has achieved a commendable Four-Star rating on Charity Navigator, which signifies a strong commitment to accountability and finance. The organization received a perfect score in several areas, including independent board governance and the presence of essential policies like conflict of interest and whistleblower protections. This indicates a robust operational framework that prioritizes transparency and ethical practices.
The organization demonstrates effective financial management, with a program expense ratio of 78.68%, indicating that a significant majority of its funds are directed towards its programs and services. Additionally, the absence of any material diversions of assets showcases the integrity of its financial practices, further enhancing its credibility among donors and stakeholders.
However, the liabilities to assets ratio stands at 53.35%, which, while acceptable, suggests that there may be areas for improvement in managing financial obligations. Overall, Lutheran Homes of Michigan Inc appears to maintain a high standard of accountability and is well-positioned to continue serving its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Lutheran Homes Of Michigan Inc legitimate?
Lutheran Homes Of Michigan Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lutheran Homes Of Michigan 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: $765,775
Professional Fundraising Fees: $0
Other Salaries and Wages: $16,691,793
For more financial information, click here
Official website here: www.wellspringlutheran.com
What is the mission statement of Lutheran Homes Of Michigan Inc?
Lutheran Homes of Michigan Inc is inspired by the love of Christ to engage individuals as they discover and fulfill their God-given potential. Their mission is centered around providing skilled nursing care and housing for the elderly, offering over 78,000 days of care and 11,000 days of rehabilitation each year. Through religious services and compassionate care, they foster an environment that embraces the unique abilities of each resident, allowing them to thrive.
Official website here: www.wellspringlutheran.com
Who is the CEO of Lutheran Homes Of Michigan Inc?
David M Gehm is the President & Ceo of Lutheran Homes Of Michigan Inc. The CEO's salary of Lutheran Homes Of Michigan Inc is $237,364 and their total compensation is $246,479.
Official website here: www.wellspringlutheran.com
What is the revenue of Lutheran Homes Of Michigan Inc?
Lutheran Homes Of Michigan Inc's revenue in 2022 was $38,076,606.
Official website here: www.wellspringlutheran.com
Who are the executives of Lutheran Homes Of Michigan Inc and what are their salaries?
The average compensation at Lutheran Homes Of Michigan Inc during 2022 was $26,653. There are 655 employees and 80 volunteers at Lutheran Homes Of Michigan Inc.
Here are 16 key members and their salaries (Lutheran Homes Of Michigan Inc's CEO's salary is $237,364 and their total compensation is $246,479):
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- Other: $0
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- Other: $0
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- Other: $0
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- Compensation: $237,364
- Related: $0
- Other: $9,115
- Compensation: $201,120
- Related: $0
- Other: $3,014
- Compensation: $145,579
- Related: $0
- Other: $8,148
- Compensation: $152,288
- Related: $0
- Other: $9,147
- Compensation: $203,811
- Related: $0
- Other: $2,813
- Compensation: $156,688
- Related: $0
- Other: $8,187
- Compensation: $129,397
- Related: $0
- Other: $7,407
- Compensation: $116,613
- Related: $0
- Other: $7,834
- Compensation: $115,328
- Related: $0
- Other: $6,357
Official website here: www.wellspringlutheran.com
Where can I find the form 990 for Lutheran Homes Of Michigan Inc?
Lutheran Homes Of Michigan Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wellspringlutheran.com
Learn more at the official website: www.wellspringlutheran.com
Mission Statement of Lutheran Homes Of Michigan Inc
Lutheran Homes of Michigan Inc, motivated by the love of Christ, engages people as they discover and embrace their God-given potential. The nonprofit organization provides skilled nursing care and accommodations for the elderly, offering over 78,000 days of care and 11,000 days of rehabilitation to residents in two of its facilities. These services include room and board, nursing care, and religious services. Through its compassionate care, Lutheran Homes of Michigan Inc empowers its residents to live their lives to the fullest, allowing them to experience a sense of dignity, respect, and purpose. The organization's dedicated team members go above and beyond to ensure that the unique needs and preferences of each resident are met, fostering an environment of warmth, compassion, and care. By prioritizing the well-being of its residents and focusing on their God-given potential, Lutheran Homes of Michigan Inc strives to make a positive impact on the lives of older adults, allowing them to continue growing and thriving even in their later years.
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Impact
October, 2024
Lutheran Homes Of Michigan Inc significantly impacts the community by providing essential healthcare services and support for individuals in need. With a commitment to engaging people in their journey to realize their potential, the organization offers skilled nursing care and rehabilitation services that have accounted for over 78,000 days of care and more than 11,000 days of rehabilitation.
Located in Saginaw, Michigan, Lutheran Homes operates two nursing homes, delivering comprehensive room and board, nursing care, and religious services. This holistic approach ensures that residents not only receive medical attention but also find spiritual comfort and community support. By prioritizing the well-being and dignity of individuals, Lutheran Homes Of Michigan Inc fosters an environment where elderly and aging individuals can thrive, ultimately enhancing their quality of life in meaningful ways.
This information is meant to be a general summary of Lutheran Homes Of Michigan 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: $1,206,762
- Program Service Revenue: $29,362,867
- Gross Receipts: $46,186,663
Assets and Liabilities:
- Total Assets: $59,659,370
- Total Liabilities: $31,289,945
- Net Assets: $28,369,425
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SKILLED NURSING & HOME CARE
Revenue
$25,027,719
FURNISHED SERVICES
Revenue
$4,123,860
OTHER RESIDENT INCOME
Revenue
$211,288
Organization Details
Founding Year
1892
Phone
(989) 652-3470Principal Officer
David M Gehm
Main Address
2825 WIENEKE RD, SAGINAW, MI, 48603
Website
www.wellspringlutheran.comNTEE Category
Code: E910 - Health
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