Lutheran Retirement Center - Clemmons Inc
- Assets
- $12.3m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Salisbury, NC
- Founding
- 04/1988
- Data as of
- 09/2023
- EIN
- 82-4069577
Organization Overview
Lutheran Retirement Center - Clemmons Inc, operating under the name Trinity Elms, is located in Salisbury, NC. The organization was established in 1988. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Trinity Elms 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 Elms generated $1.3m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $1.2m during the year ending 09/2023. 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
EMPOWERED BY CHRIST, WE WALK TOGETHER WITH ALL WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LUTHERAN RETIREMENT CENTER - CLEMMONS, INC. PROVIDES RETIREMENT LIVING SERVICES TO THE AGING POPULATION IN THE CLEMMONS AREA. THE CORPORATION IS AN AFFILIATE OF LUTHERAN SERVICES FOR THE AGING, INC. WHICH IS A SOCIAL MINISTRY OF THE EVANGELICAL LUTHERAN CHURCH IN AMERICA.DURING THE YEAR ENDED SEPTEMBER 30, 2023, LUTHERAN RETIREMENT CENTER - CLEMMONS, INC. PROVIDED 18,688 DAYS OF CARE TO 71 RESIDENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ted Goins Ceo/president | OfficerTrustee | 1 | $0 |
Gregory Hudgins Chair | Trustee | 1 | $0 |
Cary M Grant Vice Chair | Trustee | 1 | $0 |
Karen Maddry Secretary | Officer | 1 | $0 |
Kirby Nickerson Chief Financial Officer | Officer | 1 | $0 |
Kesha Smith Chief Operating Officer | Officer | 1 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,278,552 |
| Investment income | $31,196 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $197 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,336,356 |
| 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 | $198,014 |
| Pension plan accruals and contributions | $2,616 |
| Other employee benefits | $2,617 |
| Payroll taxes | $13,245 |
| Fees for services: Management | $59,380 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,576 |
| Fees for services: Other | $30,005 |
| Advertising and promotion | $4,072 |
| Office expenses | $83,931 |
| Information technology | $33,741 |
| Royalties | $0 |
| Occupancy | $46,870 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $374,636 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $308,210 |
| Insurance | $7,710 |
| All other expenses | $8,705 |
| Total functional expenses | $1,180,328 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $822,161 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$27,903 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,872 |
| Net Land, buildings, and equipment | $9,528,343 |
| Investments—publicly traded securities | $1,976,030 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,304,503 |
| Accounts payable and accrued expenses | $122,117 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $10,760,693 |
| 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 | $881,790 |
| Total liabilities | $11,764,600 |
| Net assets without donor restrictions | $539,903 |
| 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 | $12,304,503 |