Lutheran Retirement Center Salisbury Inc

Organization Overview

Lutheran Retirement Center Salisbury Inc, operating under the name Trinity Oaks, is located in Salisbury, NC. The organization was established in 1963. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 09/2023, Trinity Oaks employed 178 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Trinity Oaks is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 09/2023, Trinity Oaks generated $10.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $9.7m during the year ending 09/2023. While expenses have increased by 4.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

EMPOWERED BY CHRIST, WE WALK TOGETHER WITH ALL WE SERVE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

AT LUTHERAN RETIREMENT CENTER - SALISBURY, INC., ACTIVE RETIREES ARE AFFORDED PRIVACY AND COMPANIONSHIP. THE COMMUNITY IS DESIGNED WITH CAREFUL CONSIDERATION GIVEN TO SAFETY, SECURITY AND ACCESSIBILITY. PROFESSIONAL AND CARING STAFF ARE COMMITTED TO PROVIDING COMFORT, CARE AND SUPPORTIVE SERVICES WHEN OR IF THOSE SERVICES ARE NEEDED.PLEASE SEE SCHEDULE O FOR A CONTINUATION OF PROGRAM SERVICE ACCOMPLISHMENTS.LUTHERAN RETIREMENT CENTER - SALISBURY, INC. IS MINDFUL OF THE RESPONSIBILITIES OF CITIZENRY AND STRIVES TO PROMOTE INCLUSION, DIVERSITY, FAIRNESS AND EQUALITY WHILE PROVIDING QUALITY HEALTHCARE AND RESIDENTIAL SERVICES.DURING THE YEAR ENDED SEPTEMBER 30, 2023, LUTHERAN RETIREMENT CENTER- SALISBURY, INC. PROVIDED 70,453 DAYS OF CARE TO 205 RESIDENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Ted Goins
Ceo/president
$0
Gregory Hudgins
Chair
$0
Cary M Grant
Vice Chair
$0
Sally Agner
Director
$0
Henry Brown
Director
$0
Karen Maddry
Secretary
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Grady Hedrick Landscaping & Hydroseeding
Landscaping Services
$269,352
Id Collaborative Acquisition Llc
Construction Services
$142,608
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$48,011
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$178,336
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$226,347
Total Program Service Revenue$10,427,525
Investment income $86,388
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $411
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$3,511
Miscellaneous Revenue$0
Total Revenue $10,833,589

Peer Organizations

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$15,077,811
St George Village-Catholic Community Retirement Center
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$14,764,982
Wesley Homes Inc
Atlanta, GA
$14,208,058
Lutheran Home At Trinity Oaks Inc
Salisbury, NC
$14,293,207
Jewish Home Life Communities Inc
Atlanta, GA
$15,022,015
View At Goodwin Living Llc
Alexandria, VA
$9,500,924
Senior Living Foundation Inc Perimeter 400 Center
Dunwoody, GA
$9,888,248
Abes Garden
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$19,031,026
Lutheran Retirement Center Wilmington Inc
Salisbury, NC
$11,257,774
Bridgewater Village Inc
Bridgewater, VA
$11,220,119
Lutheran Retirement Center Salisbury Inc
Salisbury, NC
$10,833,589
Magnolia Manor Of St Simons Inc
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$8,620,276
Lifespire Of Virginia
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$8,820,978
Lynchburg Baptist Retirement Community Llc
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$8,033,653
Laurel Crest Retirement Community
Columbia, SC
$7,351,578
The Centurion Foundation Inc
Atlanta, GA
$7,585,530
Birmingham Green Adult Care Residence
Manassas, VA
$7,707,576
Church Home Rehabilitation And Healthcare Llc
Perry, GA
$8,119,276
Providence Senior Living Inc
Cleveland, TN
$4,667,614
Friendship Apartment Village Corporation
Roanoke, VA
$5,384,949
Orange County Senior Living Incorporated
Orange, VA
$3,556,124
Decatur Church Of Christ Senior Housing Inc
Decatur, GA
$4,308,210

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