Concordia Lutheran Ministries

What it reported doing in 2024

Concordia of the South Hills Independent Living is a one hundred and twenty-six unit apartment building located in the beautiful and highly regarded Mt. Lebanon neighborhood of the South Hills of Pittsburgh. With its luscious scenery and picturesque views, residents of our premier facility enjoy easy access to both healthcare and professional services, as well as an abundance of retirement amenities, all while enjoying the luxuries of retirement living. From our restaurant style, chef-inspired dining, to our engaging suite of exercise coaches, residents are able to choose from an abundance of social, educational, and fun activities each and every day. As a pillar of the South Hills, Concordia maintains a welcoming relationship with the entire public by way of social gatherings, holiday events and craft shows, and as a result offers engaging interactions between residents and the community. With a growing wait-list, Concordia is committed to ensuring that our establishment upholds the highest caliber of retirement living, all at an affordable price. As part of our mission, however, Concordia also understands the importance of giving back to the local community and strives to help others when given the opportunity. When Concordia purchased this community over a decade ago, none of the entrance fees were transferred to Concordia by the original owner. Instead, out of good faith, the Organization has honored the Life Care benefit of all of those legacy residents and continues to do so to this day.

Financial Efficiency

• Mission deployment rate: 88%; rating input score 88
• Program expense ratio: 90.4%; rating input score 90
• Fundraising efficiency: $17.98 raised per $1 spent on fundraising; rating input score 55; 55th percentile among comparable filings

Transparency & Controls

• Consistency checks: 93.3%; rating input score 93; 21st percentile among comparable filings
• Pay-setting controls: 0 of 6 controls in place; rating input score 0
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Limited
• Grant itemization coverage: 99.3%; rating input score 99; 39th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 50%; rating input score 50; 13th percentile among comparable filings
• Governance controls: 7 of 9 controls in place; rating input score 78
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 3.6%; rating input score 50; 50th percentile among comparable filings
• Total-asset coverage ratio: 1.92; rating input score 62; 62nd percentile among comparable filings
• Liabilities to assets ratio: 0.48; rating input score 38; 38th percentile among comparable filings
• Officer compensation ratio: 2.8%; rating input score 41; 41st percentile among comparable filings

Growth

• Program expense growth: 8.1% per year; rating input score 100; 65th percentile among comparable filings
• Revenue growth: 8.7% per year; rating input score 100; 71st percentile among comparable filings
• Asset growth: 7.3% per year; rating input score 100; 53rd percentile among comparable filings