Lutheran Retirement Center At Lutheridge Inc
- Assets
- $6.6m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 73
- Location
- Salisbury, NC
- Founding
- 08/1963
- Data as of
- 09/2021
- EIN
- 58-1823983
Organization Overview
Lutheran Retirement Center At Lutheridge Inc, operating under the name Trinity View, 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 09/2021, Trinity View employed 73 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Trinity View 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 09/2021, Trinity View generated $3.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $3.2m during the year ending 09/2021. 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
2021
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 AT LUTHERIDGE, INC., ACTIVE RETIREES ARE AFFORDED PRIVACY AND COMPANIONSHIP IN A WARM, WELCOMING SETTING, FREE OF THE CONCERNS OF HOME OWNERSHIP. 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 AT LUTHERIDGE, 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, 2021 LUTHERAN RETIREMENT CENTER AT LUTHERIDGE, INC. PROVIDED 23,203 DAYS OF CARE TO 108 RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Conoley Top 5 Highest Paid | 40 | $118,923 | |
Ted Goins Ceo/president | OfficerTrustee | 1 | $0 |
Karen Maddry Secretary | Officer | 1 | $0 |
Kirby Nickerson Chief Financial Officer | Officer | 1 | $0 |
Kesha Smith COO - Senior Services | Officer | 1 | $0 |
Gregory Hudgins Chair | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lsa Management Inc Management Services | 9/29/21 | $778,049 |
Gordon Food Service Inc Food Services | 9/29/21 | $299,109 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,526 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,526 |
| Total Program Service Revenue | $2,945,931 |
| Investment income | $25,772 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $43,259 |
| Net Gain/Loss on Asset Sales | $27,555 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,058,007 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,373,576 |
| Pension plan accruals and contributions | $13,308 |
| Other employee benefits | $120,901 |
| Payroll taxes | $111,681 |
| Fees for services: Management | $142,457 |
| Fees for services: Legal | $1,026 |
| Fees for services: Accounting | $2,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,241 |
| Fees for services: Other | $197,283 |
| Advertising and promotion | $56,118 |
| Office expenses | $256,241 |
| Information technology | $3,619 |
| Royalties | $0 |
| Occupancy | $189,066 |
| Travel | $16,866 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $52 |
| Interest | $73,084 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $304,106 |
| Insurance | $38,572 |
| All other expenses | $0 |
| Total functional expenses | $3,220,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $257,503 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,000 |
| Accounts receivable, net | $29,902 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,949 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,964,080 |
| Investments—publicly traded securities | $1,269,681 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,009,658 |
| Total assets | $6,554,773 |
| Accounts payable and accrued expenses | $132,273 |
| Grants payable | $0 |
| Deferred revenue | $950 |
| Tax-exempt bond liabilities | $1,736,005 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,869,228 |
| Net assets without donor restrictions | $4,668,712 |
| Net assets with donor restrictions | $16,833 |
| 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 | $6,554,773 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lutheran Retirement Center At Lutheridge Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Glebe Inc Glen Allen, VA | $79,347,451 | $20,057,701 |
Cypress Of Charlotte Club Inc Charlotte, NC | $4,602,507 | $19,033,502 |
Lavender Mountain Senior Living Inc Mount Berry, GA | $141,195,331 | $5,176,789 |
Cypress Club Inc Hilton Head Island, SC | $31,122,152 | $20,067,120 |
Alliance Foundation Of Florida Inc Fairfax, VA | $3,980,019 | $2,209,632 |
Skidaway Health And Living Services Inc Savannah, GA | $89,340,251 | $17,567,308 |
Lake Prince Center Inc Newton, NC | $22,105,583 | $13,762,352 |
St George Village-Catholic Community Retirement Center Roswell, GA | $71,436,640 | $13,654,810 |
Wesley Homes Inc Atlanta, GA | $20,385,914 | $13,715,520 |
Jewish Home Life Communities Inc Atlanta, GA | $30,539,364 | $15,353,434 |
Lutheran Home At Trinity Oaks Inc Salisbury, NC | $16,250,206 | $13,832,203 |
Senior Living Foundation Inc Perimeter 400 Center Dunwoody, GA | $12,804,149 | $11,238,892 |