Overview
What is Lutheran Retirement Ministries Of Alamance County North Carolina?
Lutheran Retirement Ministries of Alamance County North Carolina is a nonprofit organization based in Burlington, North Carolina. They operate Twin Lakes Community, which consists of a continuing care retirement community that includes 104 nursing care beds, 36 assisted living units, 434 apartments, villas, and garden homes, and 32 memory care assisted living beds. The nursing facility and memory care facility offer services to residents through both Medicare and Medicaid. Rehabilitative services such as physical therapy, speech therapy, and occupational therapy are also provided. Adult day care and home care services are available. The mission of this organization is to provide comprehensive residential, social, and health-related services to the elderly. As a non-profit built on Christian values, they aim to empower all members of their community to live, work, and serve to their fullest potential. The organization provides Parkinson's support and caregiver support, as well as services for older adults with developmentally disabled adult children. In total, 594 employees work at Twin Lakes Community.
Official website here: www.twinlakescomm.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 82% - Three-Star out of Four Star rating
Lutheran Retirement Ministries of Alamance County has received an 82% rating from Charity Navigator, indicating a solid performance in the areas of accountability and finance. The rating reflects the organization’s commitment to maintaining a fully independent board, which consists of 18 members, and the absence of material diversion of assets, showcasing robust governance practices.
The charity excels in its financial management, illustrated by a high program expense ratio of 91.29%, meaning that the majority of its funding is allocated directly to its programs. Additionally, the organization has established comprehensive policies regarding conflict of interest, whistleblower protections, and document retention, which further enhance transparency and accountability.
However, a notable area of concern is the liabilities to assets ratio, which stands at 68.94%. This figure suggests that the organization may have a relatively high level of liabilities compared to its assets, which could be a point of scrutiny for potential donors or stakeholders considering the charity's financial health and sustainability. Overall, while the nonprofit demonstrates strong governance and a commitment to its mission, attention to financial ratios is advisable.
This AI summary has been generated from information found on Charity Navigator.
Is Lutheran Retirement Ministries Of Alamance County North Carolina legitimate?
Lutheran Retirement Ministries Of Alamance County North Carolina is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lutheran Retirement Ministries Of Alamance County North Carolina 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: $695,455
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,875,593
For more financial information, click here
Official website here: www.twinlakescomm.org
What is the mission statement of Lutheran Retirement Ministries Of Alamance County North Carolina?
Lutheran Retirement Ministries of Alamance County in North Carolina aims to provide comprehensive residential, social, and health-related services to the elderly population. Grounded in Christian values, the organization strives to celebrate the progression of life and the dignity of each individual, enabling them to live, work, and serve to their fullest potential. The non-profit offers various care levels, including nursing care, assisted living, and memory care, catering to both Medicare and Medicaid residents. Rehabilitative services such as physical, speech, and occupational therapy are also available. Adult day care and home care services round out the offerings for this continuing care retirement community. Additionally, support groups for those with Parkinson's and caregivers are provided, along with services for older adults with developmentally disabled adult children.
Official website here: www.twinlakescomm.org
Who is the CEO of Lutheran Retirement Ministries Of Alamance County North Carolina?
Pamela S Fox is the President/Ceo of Lutheran Retirement Ministries Of Alamance County North Carolina. The CEO's salary of Lutheran Retirement Ministries Of Alamance County North Carolina is $238,718 and their total compensation is $266,433.
Official website here: www.twinlakescomm.org
What is the revenue of Lutheran Retirement Ministries Of Alamance County North Carolina?
Lutheran Retirement Ministries Of Alamance County North Carolina's revenue in 2022 was $40,219,787.
Official website here: www.twinlakescomm.org
Who are the executives of Lutheran Retirement Ministries Of Alamance County North Carolina and what are their salaries?
The average compensation at Lutheran Retirement Ministries Of Alamance County North Carolina during 2022 was $26,214. There are 594 employees and 109 volunteers at Lutheran Retirement Ministries Of Alamance County North Carolina.
Here are 26 key members and their salaries (Lutheran Retirement Ministries Of Alamance County North Carolina's CEO's salary is $238,718 and their total compensation is $266,433):
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Official website here: www.twinlakescomm.org
Where can I find the form 990 for Lutheran Retirement Ministries Of Alamance County North Carolina?
Lutheran Retirement Ministries Of Alamance County North Carolina's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.twinlakescomm.org
Learn more at the official website: www.twinlakescomm.org
Mission Statement of Lutheran Retirement Ministries Of Alamance County North Carolina
Lutheran Retirement Ministries Of Alamance County, a non-profit organization rooted in Christian values, strives to celebrate the progression of life and the dignity of individuals within their community. They empower members to live, work, and serve to their fullest potential by providing comprehensive residential, social, and health-related services to the elderly.
The organization operates a Continuing Care Retirement Community, consisting of 104 nursing care beds, 36 assisted living units, 434 apartments, villas, and garden homes, and 32 memory care assisted living beds. Both the nursing facility and the memory care facility cater to residents through Medicare and Medicaid. These facilities offer rehabilitative services such as physical therapy, speech therapy, and occupational therapy, as well as adult day care and home care services.
Lutheran Retirement Ministries Of Alamance County also provides essential support services for older adults, including those with Parkinson's disease and caregivers. Their commitment to enriching the lives of their residents extends beyond basic needs, creating an inclusive and compassionate environment that encourages growth and well-being.
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Impact
October, 2024
Lutheran Retirement Ministries of Alamance County, North Carolina, significantly impacts the lives of elderly residents and their families by providing a comprehensive continuum of care. This includes a range of living options such as nursing care, assisted living, and memory care, along with independent living arrangements like apartments, villas, and garden homes.
Focusing on the holistic needs of seniors, the organization offers vital health-related services including rehabilitative therapies—physical, speech, and occupational—ensuring that residents receive the support necessary for recovery and maintaining their quality of life. Additional services, such as adult day care and in-home care, extend this commitment beyond the residential facilities, helping seniors remain engaged and supported within their communities.
The mission emphasizes the dignity of every individual, empowering residents to live their lives to the fullest. Specific programs, including Parkinson's support and assistance for caregivers, recognize the complexities faced by families and provide tailored resources to enhance well-being. This approach not only fosters physical health but also nurtures emotional and social connections among residents, thereby enriching their lives significantly within the community.
This information is meant to be a general summary of Lutheran Retirement Ministries Of Alamance County North Carolina. 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: $1,273,540
- Program Service Revenue: $38,673,832
- Gross Receipts: $48,174,925
Assets and Liabilities:
- Total Assets: $194,352,583
- Total Liabilities: $134,913,678
- Net Assets: $59,438,905
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INDEPENDENT LIVING FACILITIES
Revenue
$13,871,740
NURSING CARE
Revenue
$11,784,366
ADMISSION FEES EARNED
Revenue
$5,100,082
MEMORY CARE
Revenue
$3,107,658
ASSISTED LIVING
Revenue
$1,836,933
Organization Details
Founding Year
1980
Phone
(336) 538-1500Principal Officer
Pamela S Fox
Main Address
3701 WADE COBLE DRIVE, BURLINGTON, NC, 27215
Website
www.twinlakescomm.orgNTEE Category
Code: L11 - Housing
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