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 09/2021, Trinity Oaks employed 159 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 09/2021, Trinity Oaks generated $9.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $8.8m during the year ending 09/2021. While expenses have increased by 4.3% per year over the past 6 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

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 - 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, 2021, LUTHERAN RETIREMENT CENTER- SALISBURY, INC. PROVIDED 67,892 DAYS OF CARE TO 259 RESIDENTS.


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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$433,464
Noncash contributions included in lines 1a–1f $36,000
Total Revenue from Contributions, Gifts, Grants & Similar$433,464
Total Program Service Revenue$9,291,502
Investment income $48,111
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $53,300
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $5,227
Miscellaneous Revenue$0
Total Revenue $9,827,314

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Lutheran Retirement Center Salisbury Inc has recieved totaling $100,000.

Awarding OrganizationAmount
Foundation For The Carolinas

Charlotte, NC

PURPOSE: CHARITABLE GIFT

$100,000
View Grant Recipient Profile

Endowment Analysis

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