Lhs Housing Inc

Nonprofit profile at a glance

EIN
341848804
IRS 990 coverage
2010–2010
Forms available
Form 990 2010
Location
Toledo, OH, USA
Rating confidence
Limited
Sector
Senior Citizens' Housing/Retirement Communities
Affiliation
Christianity

Official website

Reported finances

Revenue
$497,785
Expenses
$416,590
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2010. Amounts in USD.

Leadership & pay

6 people listed

Source: IRS Form 990. Selected filing: tax year 2010. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The primary exempt purpose of lhs housing, inc. Is to extend the caring ministry of jesus through residential and supportive services to the vulnerable population of elderly. These services include assisting in providing for elderly and/or families and persons on a nonprofit basis, rental housing and related facilities and services specially designed to meet the physical, social and psychological needs of the elderly, and contribute to their health, security, happiness and usefulness and longer living. Lutheran homes society, inc., the parent corporation of lhs housing promotes and facilitates the charitable, religious, educational, and scientific purposes for which it has received tax exemption, by providing lhs housing with benefits and services to support the ministry, including but not limited to: providing executive management in terms of supervision, strategic planning, policy formulation, and advocacy; engaging in activities intended to assist lhs housing directly or indirectly

What it reported doing in 2010

Lhs housing is a not-for-profit organization that provides residential care and supportive services for the elderly. As a faith-based provider of such service, lhs housing continues to honor its mission to extend its services to the vulnerable of our population, specifically elderly. We demonstrate behaviors reflecting our core values of faithfulness to christ, equality and justice, wholeness of life, integrity, quality of service, and stewardship of resources. Lhs housing overview lhs housing services has developed communities that offer affordable housing to people who are age 62 and older. Each community provides opportunities for recreational and religious programs, social events, outings, and daily peer contact. Lhs housing is committed to helping residents maintain their independence and, at each of the communities, a service coordinator is on site to assist residents in procuring meals, home health care, housekeeping, etc., all which help in maintaining one's independence. In 2010, lhs housing provided independent living apartments for 850 elders for a total of 257,286 resident days. Lhs housing, as part of the many ministries of lutheran homes society, has always been an exemplary provider of compassionate, quality care to those we serve, but we are also committed to improving and contributing to the community in which we live and work. In addition to the residents and clients served directly, a wide variety of broad community support activities contribute to the accomplishment of our tax-exempt purpose.

Operating model

Revenue model
Earned-program. 93% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 50
  • Accountability: 88
  • Sustainability: 39
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 87.5%; rating input score 88; 4th 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: 0%; rating input score 0; 16th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 80%; rating input score 80; 21st percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 16.3%; rating input score 78; 78th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 19.4%; rating input score 22; 22nd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 4 of 5 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $300K in reported program spending
  • Leadership: top reported pay $253K · 6 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 25 of 26 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Related organizations: 17 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 22/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.