Overview
What is Lutheran Brethren Retirement Services Inc?
Lutheran Brethren Retirement Services Inc, headquartered in Fergus Falls, Minnesota, is a nonprofit organization dedicated to serving the elderly and disabled community. Their primary activity involves operating a nursing home and providing apartment rentals, catering specifically to this demographic. The organization's mission is to offer care and housing solutions, aiming to enhance the quality of life for its residents. With a workforce of 280 individuals, Lutheran Brethren Retirement Services Inc is committed to providing support and accommodation for those in need.
Official website here: www.lbhomes.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating on Charity Navigator)
Lutheran Brethren Retirement Services Inc. demonstrates a notable commitment to accountability and finance, with an 81% rating that reflects strong governance practices and financial health. The charity excels in areas such as having a fully independent board and being free from material diversions of assets, indicating robust management and ethical standards. However, it does show a concerning liabilities to assets ratio, which affects its financial stability score.
The organization boasts a high program expense ratio of 90.05%, suggesting that the majority of its funding is directed towards its programs rather than administrative costs. Despite the strong governance indicators present in their operations, the absence of their tax form on the website may raise questions regarding transparency in financial reporting.
User reviews from GreatNonprofits are currently unavailable, which limits additional insights into personal experiences with the nonprofit. Overall, while Lutheran Brethren Retirement Services Inc. displays significant strengths in governance and financial accountability, stakeholders may want to remain cautious regarding its financial liabilities.
This AI summary has been generated from information found on Charity Navigator.
Is Lutheran Brethren Retirement Services Inc legitimate?
Lutheran Brethren Retirement Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lutheran Brethren Retirement Services 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: $297,280
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,994,960
For more financial information, click here
Official website here: www.lbhomes.org
What is the mission statement of Lutheran Brethren Retirement Services Inc?
Lutheran Brethren Retirement Services Inc is dedicated to delivering care and housing solutions for the elderly and disabled. Their mission is to offer nursing home facilities and apartment rentals, aiming to provide a comfortable living environment for those in need. Their primary goal is to enhance the quality of life for these individuals, ensuring they receive the care and support they require. By offering these services, they strive to make a positive impact on the lives of the elderly and disabled community.
Official website here: www.lbhomes.org
Who is the CEO of Lutheran Brethren Retirement Services Inc?
Leland R Rogness is the Chairman/President of Lutheran Brethren Retirement Services Inc. The CEO's salary of Lutheran Brethren Retirement Services Inc is $157,574 and their total compensation is $187,309.
Official website here: www.lbhomes.org
What is the revenue of Lutheran Brethren Retirement Services Inc?
Lutheran Brethren Retirement Services Inc's revenue in 2022 was $8,961,799.
Official website here: www.lbhomes.org
Who are the executives of Lutheran Brethren Retirement Services Inc and what are their salaries?
The average compensation at Lutheran Brethren Retirement Services Inc during 2022 was $18,901. There are 280 employees and 22 volunteers at Lutheran Brethren Retirement Services Inc.
Here are 11 key members and their salaries (Lutheran Brethren Retirement Services Inc's CEO's salary is $157,574 and their total compensation is $187,309):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $157,574
- Related: $0
- Other: $29,735
- Compensation: $35,073
- Related: $33,265
- Other: $27,344
- Compensation: $80,611
- Related: $8,849
- Other: $4,385
- Compensation: $56,106
- Related: $54,908
- Other: $7,771
- Compensation: $101,425
- Related: $0
- Other: $4,056
Official website here: www.lbhomes.org
Where can I find the form 990 for Lutheran Brethren Retirement Services Inc?
Lutheran Brethren Retirement Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lbhomes.org
Learn more at the official website: www.lbhomes.org
Mission Statement of Lutheran Brethren Retirement Services Inc
Lutheran Brethren Retirement Services Inc is committed to providing care and housing for the elderly and disabled. This nonprofit organization specializes in offering nursing home and apartment rental services, catering to individuals who require assistance due to their age or disabilities. By offering these facilities, Lutheran Brethren Retirement Services Inc aims to ensure that the elderly and disabled population has access to a living environment that supports their needs and promotes their well-being. The organization's mission is to provide a safe and comfortable living space, where these individuals can maintain their independence and receive the necessary care they require to lead fulfilling lives.
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Impact
July, 2024
Lutheran Brethren Retirement Services Inc provides essential care and housing services for the elderly and disabled in Fergus Falls, MN. Their impact is significant in meeting the needs of this vulnerable population by offering nursing home and apartment rental options. Through their mission to provide care and housing for the elderly and disabled, they play a crucial role in enhancing the quality of life for those they serve. Their focus on health services underscores their commitment to promoting well-being and support for individuals in their care.
This information is meant to be a general summary of Lutheran Brethren Retirement Services 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: $838
- Program Service Revenue: $8,207,775
- Gross Receipts: $8,961,799
Assets and Liabilities:
- Total Assets: $3,530,379
- Total Liabilities: $6,825,678
- Net Assets: -$3,295,299
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Resident Care
Revenue
$7,583,251
Assisted & Independent
Revenue
$300,464
Supporting Revenue
Revenue
$168,013
Hospice & Home Care
Revenue
$156,047
Organization Details
Founding Year
1987
Phone
(218) 998-1400Principal Officer
Leland R Rogness
Main Address
824 South Sheridan Street, Fergus Falls, MN, 56537
Website
www.lbhomes.orgNTEE Category
Code: E91 - Health
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