Lutheran Homes Of South Carolina Inc
- Assets
- $120.2m
- Revenue
- $78.3m
- Investments
- $6.3m
- Employees
- 1,535
- Location
- Irmo, SC
- Founding
- 04/1942
- Data as of
- 09/2022
- EIN
- 57-0327887
Organization Overview
Lutheran Homes Of South Carolina Inc is located in Irmo, SC. The organization was established in 1942. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 09/2022, Lutheran Homes Of South Carolina Inc employed 1,535 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lutheran Homes Of South Carolina Inc 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 09/2022, Lutheran Homes Of South Carolina Inc generated $78.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $80.0m during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE THE WELL-BEING OF OLDER ADULTS BY PROVIDING RESIDENTIAL, HEALTH CARE AND HOSPICE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUING CARE RETIREMENT COMMUNITYLUTHERAN HOMES SERVED 2,819 OLDER ADULTS BY 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. COMMUNITIES INCLUDE LUTHERAN HOMES DBA FRANKE AT SEASIDE, THE HERITAGE AT LOWMAN, RICE ESTATE, ROSECREST, AND TRINITY ON LAURENS.
HOSPICELUTHERAN HOMES DBA LUTHERAN HOSPICE PROVIDED CARE FOR 559 TERMINALLY ILL PATIENTS AND OVER 1,677 FAMILY CAREGIVERS.
HOME SERVICESLUTHERAN HOMES, DBA AS BEWELL HOME SERVICES PROVIDED NON-MEDICAL IN-HOME SUPPORT FOR 151 FAMILIES. BEWELL AT HOME PROVIDED WELLNESS SERVICES FOR 111 CONTINUING CARE AT HOME PROGRAM MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Shepke CEO | Officer | 40 | $462,770 |
Parke Horton CFO | Officer | 40 | $298,776 |
Melissa Yetter Executive Director | Officer | 40 | $198,914 |
Jonathan Gates VP Of Human Resources | 40 | $157,344 | |
Sandy Stoll Executive Director | 40 | $152,440 | |
Constance Henrich-Retired 111921 Executive Director | 40 | $149,250 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Spectrum Parent Inc & Subsidiaries Therapy Services | 9/29/22 | $2,942,548 |
Springhill Construction Llc Construction | 9/29/22 | $726,843 |
Castle Keepers Of Charleston Inc Housekeeping | 9/29/22 | $579,619 |
Redfish Contracting Llc Construction | 9/29/22 | $546,960 |
Edd Llc-dbathe Greenery Landscaping | 9/29/22 | $397,594 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,716,262 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $360,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,076,262 |
| Total Program Service Revenue | $73,548,666 |
| Investment income | $219,248 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,074,360 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $78,300,034 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $960,461 |
| Compensation of current officers, directors, key employees. | $960,461 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $32,635,799 |
| Pension plan accruals and contributions | $320,409 |
| Other employee benefits | $4,010,868 |
| Payroll taxes | $2,400,907 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $86,659 |
| Fees for services: Accounting | $328,791 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,498,116 |
| Advertising and promotion | $1,270,511 |
| Office expenses | $2,777,622 |
| Information technology | $828,393 |
| Royalties | $0 |
| Occupancy | $3,819,635 |
| Travel | $252,006 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,006 |
| Interest | $3,011,875 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,274,149 |
| Insurance | $2,066,850 |
| All other expenses | $0 |
| Total functional expenses | $80,009,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,700,157 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,590,136 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $320,337 |
| Prepaid expenses and deferred charges | $830,648 |
| Net Land, buildings, and equipment | $104,384,798 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,333,846 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,015,439 |
| Total assets | $120,175,361 |
| Accounts payable and accrued expenses | $6,919,007 |
| Grants payable | $0 |
| Deferred revenue | $74,038,458 |
| Tax-exempt bond liabilities | $55,304,605 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,105,704 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,211,032 |
| Total liabilities | $144,578,806 |
| Net assets without donor restrictions | -$24,403,445 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $120,175,361 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lutheran Homes Of South Carolina Inc has recieved totaling $65,336.
| Awarding Organization | Amount |
|---|---|
John D Muller Jr Charitable Tr Las Vegas, NV PURPOSE: RELIGIOUS | $59,889 |
Coastal Community Foundation Of South Carolina Inc N Charleston, SC PURPOSE: CHARITABLE SUPPORT | $5,447 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lutheran Homes Of South Carolina Inc Irmo, SC | $120,175,361 | $78,300,034 |
Presbyterian Communities Of South Carolina Columbia, SC | $133,476,143 | $58,903,174 |
Givens Estates Inc Asheville, NC | $338,452,219 | $72,683,846 |
Presbyterian Homes Inc Colfax, NC | $256,348,828 | $62,438,008 |
Aldersgate United Methodist Retirement Community Inc Charlotte, NC | $165,248,151 | $44,725,662 |
Everyage Newton, NC | $158,969,277 | $58,100,743 |
Lenbrook Square Foundation Inc Atlanta, GA | $291,448,667 | $46,078,205 |
Southminster Inc Charlotte, NC | $251,267,272 | $46,562,509 |
Bishop Gadsden Episcopal Retirement Community Charleston, SC | $293,506,409 | $50,827,097 |
Carolina Meadows Inc Chapel Hill, NC | $159,623,308 | $43,472,709 |
Springmoor Inc Raleigh, NC | $57,744,266 | $37,768,204 |
Moravian Home Incorporated Winstonsalem, NC | $135,166,146 | $36,716,865 |