Overview
What is Lutheran Retirement Home?
Lutheran Retirement Home is a nonprofit organization situated in Northwood, Iowa. With a compassionate mission, they offer skilled, intermediate, and assisted living care for the elderly and disabled, catering to their needs both in their nursing home and through lease apartments. As a Christian-based organization, Lutheran Retirement Home enriches lives by providing care and compassion not only to their residents but also to their local communities. They employ a team of 94 individuals dedicated to this mission.
Official website here: www.northwoodlrh.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Lutheran Retirement Home has achieved a strong Four-Star rating from Charity Navigator, reflecting its high level of accountability and financial health. The score is based entirely on financial metrics, indicating the organization’s commitment to transparency and effective management of resources. With 100% independent board members and a well-structured audit and oversight committee, the organization demonstrates robust governance practices.
The financial indicators are impressive, featuring a low liabilities-to-assets ratio of 19.23% and a program expense ratio of 90.40%. This suggests that a significant portion of the organization's funding is directed towards its core mission rather than administrative or overhead costs, which is a positive sign for donors looking to maximize the impact of their contributions.
While the rating highlights many strengths, there is no specific information provided on the quality of programs or services offered by Lutheran Retirement Home. This may be a consideration for potential supporters who are interested in the effectiveness of the organization in fulfilling its mission beyond financial metrics. Overall, the organization appears to be well-managed and financially sound.
This AI summary has been generated from information found on Charity Navigator.
Is Lutheran Retirement Home legitimate?
Lutheran Retirement Home is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lutheran Retirement Home 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: $2,453,821
For more financial information, click here
Official website here: www.northwoodlrh.org
What is the mission statement of Lutheran Retirement Home?
Lutheran Retirement Home, as a Christian-based organization, is committed to enriching lives through a continuum of services. They provide care and compassion to their residents and communities, ensuring a positive living experience. The home offers skilled, intermediate, and assisted living care for the elderly and disabled, both in nursing homes and lease apartments. Their mission is centered around enhancing the lives of their residents, demonstrating compassion and offering support to their communities.
Official website here: www.northwoodlrh.org
Who is the CEO of Lutheran Retirement Home?
Jerry Brunsvold is the Interim Admi of Lutheran Retirement Home.
Official website here: www.northwoodlrh.org
What is the revenue of Lutheran Retirement Home?
Lutheran Retirement Home's revenue in 2022 was $3,676,921.
Official website here: www.northwoodlrh.org
Who are the executives of Lutheran Retirement Home and what are their salaries?
The average compensation at Lutheran Retirement Home during 2022 was $26,104. There are 94 employees at Lutheran Retirement Home.
Here are 10 key members and their salaries:
- Compensation: $37,200
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- Other: $0
- Compensation: $1,398
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- Other: $0
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- Other: $0
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- Compensation: $0
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- Compensation: $0
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- Other: $0
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- Compensation: $0
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- Other: $0
Official website here: www.northwoodlrh.org
Where can I find the form 990 for Lutheran Retirement Home?
Lutheran Retirement Home's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.northwoodlrh.org
Learn more at the official website: www.northwoodlrh.org
Mission Statement of Lutheran Retirement Home
Lutheran Retirement Home, a Christian-based organization, is dedicated to enriching lives by offering care and compassion to its residents and communities. Their mission is to establish a continuum of service, providing skilled, intermediate, and assisted living care for the elderly and disabled individuals in their nursing home, as well as leasing apartments to the elderly in their lease apartments. This organization aims to enhance the quality of life for its residents, ensuring they receive the care they need and fostering a sense of community and compassion.
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Impact
July, 2024
Lutheran Retirement Home's impact is deeply rooted in enriching the lives of residents and communities by providing care and compassion to the elderly and disabled individuals in Northwood, IA. Through skilled nursing, intermediate care, assisted living services, and leased apartments, Lutheran Retirement Home serves as a vital resource for those in need of support and a Christian-based environment. Their mission of service resonates through their commitment to enhancing the well-being of individuals and fostering a sense of community within the facility and its surroundings.
This information is meant to be a general summary of Lutheran Retirement Home. 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: -$307,564
- Program Service Revenue: $3,961,963
- Gross Receipts: $3,681,043
Assets and Liabilities:
- Total Assets: $8,030,475
- Total Liabilities: $1,544,845
- Net Assets: $6,485,630
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENT AND RESIDENT REVENUE
Revenue
$3,961,963
Organization Details
Founding Year
1956
Phone
(641) 324-1712Principal Officer
Jerry Brunsvold
Main Address
701 9TH STREET NORTH, NORTHWOOD, IA, 504590108
Website
www.northwoodlrh.orgNTEE Category
Code: L22 - Housing
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