Overview
What is Lakeside Lutheran Home?
Lakeside Lutheran Home is a nonprofit institution, specifically a licensed Medicare and Medicaid nursing facility, situated with a capacity to accommodate 60 residents. The primary focus of Lakeside is providing care for the elderly, as indicated by its mission description. To support the recovery process of its residents, Lakeside offers essential therapeutic services, including physical therapy, occupational therapy, and speech therapy. These therapies are designed to aid individuals who are recovering from surgery, illness, or hospitalization.
Official website here: www.lakesidelutheranhome.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Stars)
Lakeside Lutheran Home received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization has an 88% independent board and demonstrates strong governance practices in several areas, such as conflict of interest and asset management. However, it struggles with some transparency measures, specifically the absence of a whistleblower policy and failure to post required documents on its website.
The nonprofit boasts a high program expense ratio at 89.02%, suggesting that a significant portion of its funds is allocated directly to its programs rather than administrative costs. This is a positive indicator for donors concerned about the effectiveness of their contributions. Nonetheless, the lack of meeting minutes and transparency in its financial reporting could raise concerns for potential supporters regarding oversight.
Overall, while Lakeside Lutheran Home shows strengths in governance and program spending, it faces limitations in transparency and certain accountability practices. Prospective donors and stakeholders should weigh these factors when considering their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Lakeside Lutheran Home legitimate?
Lakeside Lutheran Home is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lakeside Lutheran 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: $2,420,296
For more financial information, click here
Official website here: www.lakesidelutheranhome.com
What is the mission statement of Lakeside Lutheran Home?
Lakeside Lutheran Home, as a licensed nursing facility, is dedicated to providing care for the elderly. It offers therapeutic services, including physical therapy, occupational therapy, and speech therapy, to individuals who are recovering from surgery, illness, or hospitalization. The mission of Lakeside Lutheran Home can be interpreted as being committed to supporting the health and well-being of its elderly residents, helping them regain their strength and independence following medical procedures or health setbacks.
Official website here: www.lakesidelutheranhome.com
Who is the CEO of Lakeside Lutheran Home?
Frank Veltri is the President of Lakeside Lutheran Home.
Official website here: www.lakesidelutheranhome.com
What is the revenue of Lakeside Lutheran Home?
Lakeside Lutheran Home's revenue in 2023 was $3,771,566.
Official website here: www.lakesidelutheranhome.com
Who are the executives of Lakeside Lutheran Home and what are their salaries?
The average compensation at Lakeside Lutheran Home during 2023 was $28,143. There are 86 employees and 50 volunteers at Lakeside Lutheran Home.
Here are 9 key members and their salaries:
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Official website here: www.lakesidelutheranhome.com
Where can I find the form 990 for Lakeside Lutheran Home?
Lakeside Lutheran Home's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lakesidelutheranhome.com
Learn more at the official website: www.lakesidelutheranhome.com
Mission Statement of Lakeside Lutheran Home
Lakeside Lutheran Home, a licensed nursing facility, is dedicated to providing care for the elderly. With a capacity to house 60 residents, this institution offers specialized therapy services to individuals recuperating from surgery, illness, or hospitalization. The therapy options include physical therapy, occupational therapy, and speech therapy, all aimed at assisting residents in their recovery process.
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Impact
July, 2024
Lakeside Lutheran Home has a significant impact on the community by providing essential care services to the aged population in Emmetsburg, Iowa. With a capacity of 60 residents, Lakeside offers physical therapy, occupational therapy, and speech therapy to individuals recovering from surgery, illness, or hospitalization. This vital support helps residents regain their independence and quality of life, contributing to their overall well-being. Through its compassionate and specialized care, Lakeside Lutheran Home makes a positive difference in the lives of its residents and their families, ensuring they receive the assistance they need to thrive and maintain their health and dignity.
This information is meant to be a general summary of Lakeside Lutheran 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 2023.
- Investment Income: $3,685
- Program Service Revenue: $3,668,668
- Gross Receipts: $3,771,566
Assets and Liabilities:
- Total Assets: $2,875,330
- Total Liabilities: $1,733,790
- Net Assets: $1,141,540
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEDICAID PAYMENTS
Revenue
$1,705,360
MEDICARE PAYMENTS
Revenue
$849,253
PRIVATE PAY
Revenue
$1,114,055
Organization Details
Founding Year
1968
Phone
(712) 852-4060Principal Officer
Frank Veltri
Main Address
301 N LAWLER, EMMETSBURG, IA, 50536
Website
www.lakesidelutheranhome.comNTEE Category
Code: P750 - Human services
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