Salem Lutheran Homes Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 420680368 ✦ Elk horn, IA ✦ Designated as a 501(c)(3)

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Overview

What is Salem Lutheran Homes Inc?

Salem Lutheran Homes Inc, situated in Elk Horn, Iowa, is a nonprofit organization committed to providing long-term care and housing for elderly and incapacitated patients. With a dedicated workforce of 86 individuals, their primary mission is to ensure the comfort and wellbeing of nursing home residents. They offer a nurturing environment that caters to the unique needs of their patients, providing them with a sense of security and care. The organization's activities and mission focus on offering long-term support, fostering an atmosphere that allows patients to maintain their dignity and independence while receiving necessary assistance.

What are the reviews and ratings of this charity?

Charity Navigator Rating 79% - Three-Star out of Four Star rating

Salem Lutheran Homes Inc has received a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The overall score is derived entirely from their accountability metrics, indicating a strong commitment to financial transparency and ethical governance. The charity achieved a commendable score of 79%, showcasing its effectiveness in managing resources responsibly.

The organization boasts excellent governance practices, with an entirely independent board comprising 12 members and robust policies in place for conflict of interest, whistleblower protections, and document retention. Additionally, it has demonstrated no material diversion of assets, highlighting its integrity in handling funds. The liabilities to assets ratio is low at 7.96%, which suggests a healthy financial position.

However, while the financial metrics and governance structures are impressive, there are no additional aspects of the charity’s impact or programs highlighted in the data. A more comprehensive understanding of its programs and community outcomes would provide a fuller picture of its overall effectiveness.


This AI summary has been generated from information found on Charity Navigator.

Is Salem Lutheran Homes Inc legitimate?

Salem Lutheran Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Salem Lutheran Homes 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: $2,684,133

For more financial information, click here

What is the mission statement of Salem Lutheran Homes Inc?

Salem Lutheran Homes Inc is dedicated to providing long-term care and housing for elderly and incapacitated patients. Their mission is centered around ensuring the well-being of these individuals, offering them a safe and supportive living environment. The organization's primary focus is on nursing home residents, providing them with long-term housing and care to enhance their quality of life. While specific program details or additional services are not provided in the information, it can be inferred that Salem Lutheran Homes Inc is committed to delivering compassionate care and a nurturing environment for those in need.

Who is the CEO of Salem Lutheran Homes Inc?

Nick Norby is the President of Salem Lutheran Homes Inc.

What is the revenue of Salem Lutheran Homes Inc?

Salem Lutheran Homes Inc's revenue in 2022 was $6,330,517.

Who are the executives of Salem Lutheran Homes Inc and what are their salaries?

The average compensation at Salem Lutheran Homes Inc during 2022 was $31,211. There are 86 employees and 12 volunteers at Salem Lutheran Homes Inc.


Here are 13 key members and their salaries:


Craig Clemons (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Gude (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alan Blakestad (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pastor Ron Rassmussen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charlie Parkhurst (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wayne Hansen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tami Schechinger (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Mosher (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Monte Hoegh (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Thompson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nancy Collins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pastor Heather Ploen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nick Norby (Administrator)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Salem Lutheran Homes Inc?

Salem Lutheran Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Salem Lutheran Homes Inc

Salem Lutheran Homes Inc, as a nonprofit organization, is dedicated to providing long-term care and housing for elderly and incapacitated patients. Their primary mission is to offer a secure and nurturing environment for individuals who require ongoing assistance due to age or disability. This encompasses providing necessities such as food, clothing, and medical care, ensuring that each resident receives the support they need to live comfortably and with dignity. The organization's focus on long-term care and housing demonstrates a commitment to improving the quality of life for their residents and enabling them to maintain their independence for as long as possible.

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Impact




July, 2024

Salem Lutheran Homes Inc provides essential long-term care and housing for elderly and incapacitated patients in Elk Horn, Iowa. Their impact can be seen in the support and assistance they offer to nursing home residents, ensuring they receive the care and attention they need in a safe and comfortable environment. Through their mission to provide long-term care for this vulnerable population, Salem Lutheran Homes Inc plays a crucial role in promoting the health and well-being of the elderly and incapacitated individuals in their community.




This information is meant to be a general summary of Salem Lutheran Homes 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.

Revenue
$6,330,517 (2022)
201120122013201420152016201720182019202020212022$0$2M$4M$6M$8M
Expenses
$5,796,394 (2022)
201120122013201420152016201720182019202020212022$0$1.5M$3M$4.5M$6M
Efficiency
2011201220132014201520162017201820192020202120220%15%30%51%

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$527
  • Program Service Revenue: $6,103,772
  • Gross Receipts: $6,357,136

Assets and Liabilities:

  • Total Assets: $6,869,926
  • Total Liabilities: $547,494
  • Net Assets: $6,322,432

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

NURSING HOME & ANCILLA

Revenue

$5,992,771

OTHER PROGRAM SERV REV

Revenue

$111,001

Organization Details

Founding Year

1989

Principal Officer

Nick Norby

Main Address

2027 COLLEGE STREET, ELK HORN, IA, 51531

NTEE Category

Code: E91 - Health

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