Overview
What is Faith Lutheran Home Corporation?
Faith Lutheran Home Corporation is a nonprofit organization situated in Osage, Iowa, with a home-like atmosphere. Their primary mission is to offer housing and essential medical care for individuals requiring nursing home care. Additionally, they provide assisted living facilities for the elderly and disabled individuals, ensuring their comfort and well-being. The organization aims to enrich the lives of its residents by providing a variety of services tailored to their unique needs. With a dedicated workforce of 91 employees, Faith Lutheran Home Corporation is committed to maintaining a pleasant and nurturing environment for its residents.
Official website here: www.faithlutheranhomeosage.com
What are the reviews and ratings of this charity?
Charity Navigator Rating 81% - Three-Star out of Four Star Rating
Faith Lutheran Home Corporation received an 81% rating from Charity Navigator, which translates to a Three-Star rating. This score is based solely on its Accountability & Finance, indicating that the organization maintains a strong emphasis on transparency and responsible financial management.
The nonprofit exhibits a fully independent board, which speaks to its governance strength. All board members are independent, and the organization has received full marks for its financial oversight measures, including having an audit and oversight committee. The absence of material diversion of assets and the presence of several key policies—such as conflict of interest and whistleblower policies—enhance its credibility.
One notable strength is the organization’s high program expense ratio of 90.67%, suggesting that a significant portion of its funds is directed towards its mission-related activities. Overall, while the rating reflects solid financial accountability, it is still essential for potential donors and stakeholders to consider ongoing operational effectiveness in addition to these financial metrics.
This AI summary has been generated from information found on Charity Navigator.
Is Faith Lutheran Home Corporation legitimate?
Faith Lutheran Home Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Faith Lutheran Home Corporation 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: $135,463
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,353,680
For more financial information, click here
Official website here: www.faithlutheranhomeosage.com
What is the mission statement of Faith Lutheran Home Corporation?
Faith Lutheran Home Corporation's mission is to establish a comfortable and homely environment for its residents and offer a comprehensive program of enriching services tailored to their needs. The organization's primary goal is to provide housing and necessary medical care for individuals requiring nursing home care, as well as assisted living services for the elderly and disabled people. By doing so, Faith Lutheran Home Corporation aims to enhance the living experiences and well-being of its residents.
Official website here: www.faithlutheranhomeosage.com
What is the revenue of Faith Lutheran Home Corporation?
Faith Lutheran Home Corporation's revenue in 2023 was $5,991,377.
Official website here: www.faithlutheranhomeosage.com
Who are the executives of Faith Lutheran Home Corporation and what are their salaries?
The average compensation at Faith Lutheran Home Corporation during 2023 was $20,074. There are 124 employees at Faith Lutheran Home Corporation.
Here are 13 key members and their salaries:
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- Compensation: $110,373
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- Other: $25,090
Official website here: www.faithlutheranhomeosage.com
Where can I find the form 990 for Faith Lutheran Home Corporation?
Faith Lutheran Home Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.faithlutheranhomeosage.com
Learn more at the official website: www.faithlutheranhomeosage.com
Mission Statement of Faith Lutheran Home Corporation
Faith Lutheran Home Corporation's mission is centered around providing a comfortable and homely environment for individuals in need of nursing home care. Beyond offering housing, the corporation is dedicated to enhancing the lives of its residents by making an enriching program of services readily available. These services cater to the distinct needs of each resident, aiming to improve their quality of life. By providing nursing home care and assisted living for the elderly and disabled, Faith Lutheran Home Corporation strives to create a supportive and nurturing environment for those requiring such care.
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Impact
July, 2024
Faith Lutheran Home Corporation's impact is significant as it provides a pleasant and home-like atmosphere for individuals requiring nursing home care in Osage, IA. By offering housing, necessary medical care, and assisted living services for the elderly and disabled, the organization ensures that residents receive the support and assistance they need to maintain their well-being. Faith Lutheran Home Corporation's commitment to providing enriching programs tailored to the needs of the residents reflects their dedication to improving the quality of life for those under their care.
This information is meant to be a general summary of Faith Lutheran Home Corporation. 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 2023.
- Investment Income: $4,742
- Program Service Revenue: $5,549,953
- Gross Receipts: $5,991,377
Assets and Liabilities:
- Total Assets: $3,868,400
- Total Liabilities: $2,766,879
- Net Assets: $1,101,521
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENT REVENUE
Revenue
$4,690,812
ASSISTED LIVING REVENU
Revenue
$453,836
INDEPENDENT LIVING REV
Revenue
$404,967
MEALS
Revenue
$228
ADMINISTRATIVE CONSULT
Revenue
$110
Organization Details
Founding Year
1964
Principal Officer
Scott Halbach
NTEE Category
Code: E91 - Health
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