Lutheran Homes Of South Carolina Inc
- Assets
- $129.9m
- Revenue
- $80.2m
- Investments
- $6.3m
- Employees
- 1,581
- Location
- Irmo, SC
- Founding
- 04/1942
- Data as of
- 09/2023
- 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 09/2023, Lutheran Homes Of South Carolina Inc employed 1,581 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 09/2023, Lutheran Homes Of South Carolina Inc generated $80.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $82.7m during the year ending 09/2023. While expenses have increased by 0.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
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 2,131 OLDER ADULTS BY PROVIDING 417 INDEPENDENT LIVING HOMES AND APARTMENTS, 192 ASSISTED-LIVING UNITS, 57 ASSISTED-LIVING MEMORY SUPPORT UNITS AND 343 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 538 TERMINALLY ILL PATIENTS AND OVER 1,614 FAMILY CAREGIVERS.
HOME SERVICESLUTHERAN HOMES, DBA AS BEWELL HOME SERVICES PROVIDED NON-MEDICAL IN-HOME SUPPORT FOR 161 FAMILIES. BEWELL AT HOME PROVIDED WELLNESS SERVICES FOR 141 CONTINUING CARE AT HOME PROGRAM MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Rogers Board Member | Trustee | 1 | $0 |
Richard Moose Board Member | Trustee | 1 | $0 |
Mike Boliek Board Member | Trustee | 1 | $0 |
Jack Balling Board Member | Trustee | 1 | $0 |
Rev Ginny Aebischer Board Member | Trustee | 1 | $0 |
Jewell Eanes Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mccrory Construction Construction Of New Buildings | 9/29/23 | $10,404,707 |
Castle Keepers Cleaning Services | 9/29/23 | $510,635 |
Spectrum Parent Inc & Subsidiaries Therapy Contractor | 9/29/23 | $3,214,252 |
The Greenery Engineering Service | 9/29/23 | $417,349 |
James Mahoney Contracting | 9/29/23 | $390,905 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,010,622 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,520 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,024,142 |
| Total Program Service Revenue | $77,426,354 |
| Investment income | $256,391 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $80,187,073 |
| 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. | $1,178,033 |
| Compensation of current officers, directors, key employees. | $1,178,033 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,379,091 |
| Pension plan accruals and contributions | $468,501 |
| Other employee benefits | $3,725,001 |
| Payroll taxes | $2,729,186 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $79,792 |
| Fees for services: Accounting | $396,445 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,776,109 |
| Advertising and promotion | $1,249,725 |
| Office expenses | $2,199,830 |
| Information technology | $971,830 |
| Royalties | $0 |
| Occupancy | $3,819,782 |
| Travel | $307,793 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,497 |
| Interest | $3,635,003 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,443,578 |
| Insurance | $2,318,394 |
| All other expenses | $0 |
| Total functional expenses | $82,703,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,746,114 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,618,042 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $302,268 |
| Prepaid expenses and deferred charges | $943,454 |
| Net Land, buildings, and equipment | $110,123,403 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,300,116 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $819,507 |
| Total assets | $129,852,904 |
| Accounts payable and accrued expenses | $10,484,764 |
| Grants payable | $0 |
| Deferred revenue | $75,627,320 |
| Tax-exempt bond liabilities | $51,728,237 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $8,317,829 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,743,068 |
| Total liabilities | $155,901,218 |
| Net assets without donor restrictions | -$26,048,314 |
| 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 | $129,852,904 |