Overview
What is Lutheran Homes For The Aging?
Lutheran Homes For The Aging is a nonprofit organization that plays a unique role in providing nursing home care. They own the capital assets, including land, buildings, and equipment, situated at 613 W North St, Madrid, IA. Interestingly, they lease these assets to Madrid Home for the Aging, a related tax-exempt organization, for an annual fee of $1. By doing so, Lutheran Homes For The Aging supports the operation of this affiliated non-profit entity, thereby contributing to the provision of nursing home care in the community.
Official website here: www.madridhome.com
Is Lutheran Homes For The Aging legitimate?
Lutheran Homes For The Aging is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lutheran Homes For The Aging 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.madridhome.com
What is the mission statement of Lutheran Homes For The Aging?
Lutheran Homes For The Aging's primary mission involves owning and maintaining capital assets, specifically land, buildings, and equipment. These assets are then leased to a related non-profit entity for a nominal annual fee of $1. This arrangement allows the affiliated organization, such as Madrid Home for the Aging, to provide nursing home care services. The mission of Lutheran Homes For The Aging can be interpreted as providing the necessary infrastructure for the operation of nursing homes by owning and maintaining the required assets. This strategy enables the affiliated non-profit organizations to focus on delivering quality nursing home care services to their communities.
Official website here: www.madridhome.com
Who is the CEO of Lutheran Homes For The Aging?
Catherine Meier is the Chair of Lutheran Homes For The Aging.
Official website here: www.madridhome.com
What is the revenue of Lutheran Homes For The Aging?
Lutheran Homes For The Aging's revenue in 2020 was $0.
Official website here: www.madridhome.com
Who are the executives of Lutheran Homes For The Aging and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $366,604
- Other: $64,427
- Compensation: $0
- Related: $211,611
- Other: $37,540
- Compensation: $0
- Related: $183,708
- Other: $48,662
- Compensation: $0
- Related: $22,582
- Other: $28
- Compensation: $108,785
- Related: $0
- Other: $28,674
Official website here: www.madridhome.com
Where can I find the form 990 for Lutheran Homes For The Aging?
Lutheran Homes For The Aging's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.madridhome.com
Learn more at the official website: www.madridhome.com
Mission Statement of Lutheran Homes For The Aging
Lutheran Homes For The Aging, as an organization, is primarily engaged in the ownership and maintenance of capital assets. These assets, including land, buildings, and equipment, are strategically leased to a related non-profit entity, Madrid Home For The Aging, at an annual rate of $1. This strategic partnership allows Lutheran Homes For The Aging to contribute to the provision of nursing home care by providing the necessary infrastructure, thereby supporting the mission of Madrid Home For The Aging. By owning and managing these assets, Lutheran Homes For The Aging plays a crucial role in facilitating the delivery of essential care services to the elderly population, under the umbrella of Madrid Home For The Aging.
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Impact
October, 2024
Lutheran Homes For The Aging plays a crucial role in supporting community care for the elderly by owning and maintaining vital real estate and equipment for senior living services. By leasing its facilities at 613 W North St, Madrid, IA, to the Madrid Home For The Aging for a nominal fee, it ensures affordable access to essential nursing home care. This arrangement not only preserves capital assets but also promotes quality care for residents, demonstrating a commitment to the well-being of the aging population in the area. The impact is a sustainable model that enhances the availability of housing and support for seniors, fostering a compassionate community environment.
This information is meant to be a general summary of Lutheran Homes For The Aging. 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 2020.
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
1969
Phone
(515) 795-3007Principal Officer
Catherine Meier
Main Address
5307 CARAWAY, CEDAR FALLS, IA, 50613
Website
www.madridhome.comNTEE Category
Code: L80 - Housing
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