Lutheran Orphans' and Old Folks'

Nonprofit profile at a glance

EIN
341848574
IRS 990 coverage
2010–2010
Forms available
Form 990 2010
Location
Toledo, OH, USA
Phone
4198614990
Rating confidence
Limited
Sector
Senior Citizens' Housing/Retirement Communities
Affiliation
Christianity

Official website

Reported finances

Revenue
$1,578,691
Expenses
$1,802,672
Assets
$0
Liabilities
$0

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

Leadership & pay

7 people listed

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

Overview

Mission

Lutheran orphans' and old folks' home society of toledo, Ohio 2 is a not-for-profit organization that provides assisted living care to a maximim of 66 residents. (see additional info on sch o) the primary purpose of lutheran orphans' and old folks' home society, of toledo, Ohio 2 is to extend the caring ministry of jesus through residential and supportive services to the vulnerable population of elderly. These services include providing assisted living care to a maximum of 66 residents. Lutheran homes society, inc, the parent corporation of lutheran orphans' and old folks' home society, of toledo, Ohio 2 (lutheran home at toledo assisted living), promotes and facilitates the charitable, religious, educational, and scientific purposes for which it has received tax exemption, by providing lutheran home at toledo assisted living with benefits and services to support the ministry, including but not limited to: providing executive management in terms of supervision, strategic planning, poli

What it reported doing in 2010

Lutheran orphans' and old folks' home society of toledo, Ohio 2 (lutheran home at toledo assisted living) is a not-for-profit organization that provides residential care and supportive services for the elderly. As a faith-based provider of such service, lutheran home at toledo assisted living continues to honor its mission to extend its services to the vulnerable of our population, specifically elderly. (see additional info on sch o) 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. Lutheran orphans' and old folks' home society of toledo 2 overview lutheran orphans' and old folks' home society of toledo 2 (lutheran home at toledo assisted living) provided residential and supportive services for a total of 14,355 resident days during 2010. Lutheran home at toledo assisted living provided 79,710 in charitable care in 2010. Assisted living residents may choose from a wide range of services and amenities depending upon their specific needs. Services include three nutritious meals each day, housekeeping, laundry, medication management, special events transportation, planned and supervised activies, assistance with daily tasks, therapy, and other services. Lutheran home at toledo assisted living, 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. 99% 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: 69
  • Accountability: 90
  • Sustainability: 13
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

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

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 60th 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: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 83.3%; rating input score 83; 19th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • 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: -14.2%; rating input score 12; 12th 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: 4.5%; rating input score 61; 61st 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: 5 of 6 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1.4M in reported program spending
  • Leadership: top reported pay $253K · 7 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 20 of 20 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Related organizations: 4 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 — Sustainability: Operating margin scored 12/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.