Overview
What is Lutheran Home Forsyth County Property Inc?
Lutheran Home Forsyth County Property Inc is a nonprofit organization that owns a land and a building, which it leases to Lutheran Home - Forsyth County. The primary objective of this corporation is to provide a genuine home for its residents, working in harmony with all they serve, drawing strength from Christianity. This organization is affiliated with Lutheran Services For The Aging, Inc., which is a ministry under the North Carolina Synod of the Evangelical Lutheran Church in America. It is not situated in Salisbury, NC. The corporation's mission involves offering a comfortable living space and fostering a sense of community for its residents while being guided by Christian values.
Official website here: www.lscarolinas.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78% (Three-Star out of Four Star rating)
Lutheran Home Forsyth County Property Inc has received a solid Three-Star rating from Charity Navigator, primarily reflecting its strong performance in Accountability & Finance. With a score of 78%, the organization demonstrates a commitment to transparency and responsible financial management, which is crucial for building trust with donors and stakeholders.
The nonprofit exhibits a noteworthy level of independence in its board composition, with 66% of board members being independent. Furthermore, it has earned full points in critical areas such as financial oversight, conflict of interest policies, and material diversion of assets. Its program expense ratio stands at an impressive 95.07%, suggesting that a significant portion of its resources is directed toward its mission-related activities.
While the organization shows robust governance practices, the rating is derived solely from the Accountability & Finance beacon. This focus may limit insights into other aspects of performance, such as program effectiveness and community impact, which are not captured in this score. Overall, Lutheran Home Forsyth County Property Inc demonstrates a reputable financial standing, although potential donors may wish to seek additional information regarding its programmatic outcomes.
This AI summary has been generated from information found on Charity Navigator.
Is Lutheran Home Forsyth County Property Inc legitimate?
Lutheran Home Forsyth County Property Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lutheran Home Forsyth County Property 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: $0
For more financial information, click here
Official website here: www.lscarolinas.net
What is the mission statement of Lutheran Home Forsyth County Property Inc?
Lutheran Home Forsyth County Property Inc's mission statement revolves around being empowered by Christ and walking together with those they serve. Their primary objective is to provide a true home for their residents. Affiliated with Lutheran Services For The Aging, Inc., a ministry of the North Carolina Synod of the Evangelical Lutheran Church in America, their mission is driven by a commitment to support their residents, all while being guided by their Christian beliefs.
Official website here: www.lscarolinas.net
Who is the CEO of Lutheran Home Forsyth County Property Inc?
Ted Goins is the Ceo/President of Lutheran Home Forsyth County Property Inc. The CEO's salary of Lutheran Home Forsyth County Property Inc is $0 and their total compensation is $384,553.
Official website here: www.lscarolinas.net
What is the revenue of Lutheran Home Forsyth County Property Inc?
Lutheran Home Forsyth County Property Inc's revenue in 2022 was $711,289.
Official website here: www.lscarolinas.net
Who are the executives of Lutheran Home Forsyth County Property Inc and what are their salaries?
Here are 7 key members and their salaries (Lutheran Home Forsyth County Property Inc's CEO's salary is $0 and their total compensation is $384,553):
- Compensation: $0
- Related: $372,224
- Other: $12,329
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $79,943
- Other: $6,986
- Compensation: $0
- Related: $249,074
- Other: $16,049
- Compensation: $0
- Related: $238,498
- Other: $16,056
- Compensation: $0
- Related: $142,318
- Other: $3,308
Official website here: www.lscarolinas.net
Where can I find the form 990 for Lutheran Home Forsyth County Property Inc?
Lutheran Home Forsyth County Property Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lscarolinas.net
Learn more at the official website: www.lscarolinas.net
Mission Statement of Lutheran Home Forsyth County Property Inc
Lutheran Home Forsyth County Property Inc, guided by its Christian beliefs, strives to create a true home environment for its residents. This nonprofit organization, affiliated with Lutheran Services For The Aging, Inc., and the North Carolina Synod of the Evangelical Lutheran Church in America, is committed to walking alongside all they serve. Their mission is deeply rooted in the belief that everyone deserves to live in a nurturing and supportive environment, empowered by the teachings of Christ. The corporation leases its building to Lutheran Home - Forsyth County, ensuring that the organization can fulfill its promise of providing a welcoming and uplifting living space for its residents.
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Impact
July, 2024
Lutheran Home Forsyth County Property Inc, through its leasing of a building to Lutheran Home - Forsyth County, has a significant impact on the community by providing a true home for its residents. Empowered by their Christian mission, they walk together with all they serve, emphasizing a compassionate and supportive environment. This initiative, affiliated with Lutheran Services For The Aging, Inc., plays a crucial role in offering healthcare services and support to individuals in need, ultimately contributing to the well-being of the community.
This information is meant to be a general summary of Lutheran Home Forsyth County Property 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $11,289
- Program Service Revenue: $700,000
- Gross Receipts: $711,289
Assets and Liabilities:
- Total Assets: $12,170,480
- Total Liabilities: $12,238,180
- Net Assets: -$67,700
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$700,000
Organization Details
Founding Year
2012
Phone
(704) 637-2870Principal Officer
Ted Goins
Main Address
PO BOX 947, SALISBURY, NC, 281450947
Website
www.lscarolinas.netNTEE Category
Code: E91 - Health
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