Overview
What is Lutheran Homes Of South Carolina Inc?
Lutheran Homes of South Carolina Inc is a prominent nonprofit organization based in Irmo, South Carolina. With a mission to promote the well-being of older adults, they provide a range of services including residential care, healthcare, and hospice services. Their offerings cater to over 2,800 older adults through 424 independent living homes and apartments, 186 assisted-living units, 57 assisted-living memory support units, and 351 skilled nursing beds with outpatient therapy services. The organization operates various communities, including Lutheran Homes DBA Frankie at Seaside, The Heritage at Lowman, Rice Estate, Rosecrest, and Trinity on Laurens. As a mission partner of the SC Synod of the Evangelical Lutheran Church in America, they employ a workforce of 1,535 individuals dedicated to enhancing the lives of older adults.
Official website here: www.lutheranhomessc.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 81% (Three-Star out of Four Star rating)
Lutheran Homes of South Carolina Inc has earned a solid Three-Star rating from Charity Navigator, reflecting an overall score of 81%. This score indicates a strong performance in accountability and finance, with an exceptional commitment to governance practices, including a fully independent board and comprehensive financial oversight. The high program expense ratio of 87.87% suggests that a significant portion of their funds is directed towards their mission-driven programs.
The organization demonstrates effective management with strong policies in place regarding conflict of interest, whistleblower protections, and document retention. All board members are independent, which enhances the integrity of their governance. However, while the financial health appears solid, the significant compensation packages for key executives may raise questions about the organization’s commitment to keeping operational costs efficient.
Overall, Lutheran Homes of South Carolina Inc showcases a commendable level of accountability and financial management. Despite some concerns regarding executive salaries, their strong adherence to governance and transparency practices positions them favorably within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Lutheran Homes Of South Carolina Inc legitimate?
Lutheran Homes Of South Carolina Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lutheran Homes Of South Carolina 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: $727,428
Professional Fundraising Fees: $0
Other Salaries and Wages: $39,130,552
For more financial information, click here
Official website here: www.lutheranhomessc.org
What is the mission statement of Lutheran Homes Of South Carolina Inc?
Lutheran Homes of South Carolina Inc is dedicated to enhancing the well-being of older adults by offering residential, healthcare, and hospice services. Acting as a mission partner of the SC Synod of the Evangelical Lutheran Church in America, this organization aims to promote the welfare of elderly individuals. Through their services, they cater to 2,819 older adults, providing 424 independent living homes and apartments, 186 assisted-living units, 57 assisted-living memory support units, and 351 skilled nursing beds with outpatient therapy services. The communities they operate include Frankes at Seaside, The Heritage at Lowman, Rice Estate, Rosecrest, and Trinity on Laurens.
Official website here: www.lutheranhomessc.org
Who is the CEO of Lutheran Homes Of South Carolina Inc?
Frank Shepke is the CEO of Lutheran Homes Of South Carolina Inc The CEO's salary of Lutheran Homes Of South Carolina Inc is $555,583 and their total compensation is $612,426.
Official website here: www.lutheranhomessc.org
What is the revenue of Lutheran Homes Of South Carolina Inc?
Lutheran Homes Of South Carolina Inc's revenue in 2024 was $88,811,121.
Official website here: www.lutheranhomessc.org
Who are the executives of Lutheran Homes Of South Carolina Inc and what are their salaries?
The average compensation at Lutheran Homes Of South Carolina Inc during 2024 was $24,880. There are 1602 employees and 200 volunteers at Lutheran Homes Of South Carolina Inc.
Here are 17 key members and their salaries (Lutheran Homes Of South Carolina Inc's CEO's salary is $555,583 and their total compensation is $612,426):
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- Compensation: $171,845
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- Other: $22,331
- Compensation: $555,583
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- Other: $56,843
- Compensation: $188,121
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- Other: $20,811
- Compensation: $195,213
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- Other: $21,536
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- Compensation: $161,872
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- Other: $33,365
- Compensation: $159,008
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- Other: $16,463
- Compensation: $233,845
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- Other: $23,479
Official website here: www.lutheranhomessc.org
Where can I find the form 990 for Lutheran Homes Of South Carolina Inc?
Lutheran Homes Of South Carolina Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.lutheranhomessc.org
Learn more at the official website: www.lutheranhomessc.org
Mission Statement of Lutheran Homes Of South Carolina Inc
Lutheran Homes of South Carolina, Inc. is a mission-driven organization under the Evangelical Lutheran Church in America, dedicated to enhancing the well-being of older adults through residential, healthcare, and hospice services. The nonprofit serves a significant number of older adults, providing them with 424 independent living homes and apartments, 186 assisted-living units, 57 assisted-living memory support units, and 351 skilled nursing beds with outpatient therapy services.
In their mission to promote the well-being of older adults, Lutheran Homes of South Carolina, Inc. offers a continuum of care that caters to a range of needs. From independent living arrangements to assisted living and memory support, and even skilled nursing care with outpatient therapy, the organization ensures that older adults receive the care they need to thrive. Their residential communities, including Frane at Seaside, The Heritage at Lowman, Rice Estate, Rosecrest, and Trinity on Laurens, are dedicated to creating an environment where older adults can live comfortably, securely, and with access to essential services. The organization's commitment to the welfare of older adults is evident in their comprehensive range of offerings, which go beyond basic care to enrich the lives of those they serve.
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Impact
October, 2024
Lutheran Homes of South Carolina Inc significantly enhances the quality of life for older adults through a comprehensive range of residential, health care, and hospice services. By offering 424 independent living homes and apartments, 186 assisted living units, 57 memory support units, and 351 skilled nursing beds, this organization effectively addresses the diverse needs of the senior population, serving a total of 2,819 individuals.
The communities operate under the ethos of promoting well-being, ensuring that residents have access to essential support and care tailored to their specific circumstances. Facilities such as Franke at Seaside, The Heritage at Lowman, Rice Estate, Rosecrest, and Trinity on Laurens are designed to foster a sense of belonging and community among seniors.
By providing outpatient therapy services along with specialized care options, Lutheran Homes not only facilitates independence but also enhances the overall health and dignity of older adults. Their commitment to comprehensive care, coupled with a mission-driven approach, leads to improved life satisfaction among residents, allowing them to thrive in their later years.
This information is meant to be a general summary of Lutheran Homes Of South Carolina 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 2024.
- Investment Income: $199,420
- Program Service Revenue: $85,799,394
- Gross Receipts: $88,811,121
Assets and Liabilities:
- Total Assets: $120,175,361
- Total Liabilities: $144,578,806
- Net Assets: -$24,403,445
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Patient and Resident Services
Revenue
$82,010,308
Entrance Fee Amortization
Revenue
$3,789,086
Organization Details
Founding Year
1924
Principal Officer
Frank Shepke
Website
www.lutheranhomessc.orgNTEE Category
Code: P750 - Human services
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