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Nonprofiteer
← LUTHERAN HOME - FORSYTH COUNTY INC

Form 990 for tax year 2024

Filed by LUTHERAN HOME - FORSYTH COUNTY INC.

Totals

Total revenue
$14,206,300
Total expenses
$12,863,069
Contributions and grants received
$50,930
Grants paid
$0
Program service revenue
$13,766,124
Investment income
$379,342
Other revenue
$9,904
Total assets, end of year
$8,510,206
Total liabilities, end of year
$751,330
Net assets or fund balances, end of year
$7,758,876
Program services expenses (Part IX)
$11,576,800
Management and general expenses
$1,286,269
Fundraising expenses
$0
Program service expenses (Part III)
$11,576,800

Program services were 90.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $50,930

  • 2a · Program service revenue: SERVICE FEE REVENUE

    total $13,721,695 · related or exempt $13,721,695

  • 2b · Program service revenue: DIETARY INCOME

    total $44,429 · related or exempt $44,429

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $357,637 · excluded $357,637

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $21,705

  • 7c · Gain or loss

    securities $21,705 · other assets $0

  • 7d · Net gain or loss

    total $21,705 · excluded $21,705

  • 11a · Other revenue: OTHER REVENUE

    total $9,904 · excluded $9,904

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $9,904

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $5,457,423 · program services $5,022,595 · management and general $434,828

  • 8 · Pension plan contributions

    total $16,501 · program services $15,186 · management and general $1,315

  • 9 · Other employee benefits

    total $484,848 · program services $446,217 · management and general $38,631

  • 10 · Payroll taxes

    total $448,231 · program services $412,518 · management and general $35,713

  • 11a · Fees: management

    total $580,781 · management and general $580,781

  • 11b · Fees: legal

    total $18,156 · management and general $18,156

  • 11c · Fees: accounting

    total $20,000 · management and general $20,000

  • 11f · Fees: investment management

    total $2,974 · management and general $2,974

  • 11g · Fees: other

    total $2,132,581 · program services $2,072,862 · management and general $59,719 · fundraising $0

  • 12 · Advertising and promotion

    total $2,806 · management and general $2,806

  • 13 · Office expenses

    total $577,215 · program services $489,472 · management and general $87,743

  • 14 · Information technology

    total $3,024 · program services $3,024

  • 16 · Occupancy

    total $891,612 · program services $891,612

  • 17 · Travel

    total $13,851 · program services $10,248 · management and general $3,603

  • 19 · Conferences, conventions and meetings

    total $2,586 · program services $2,586

  • 22 · Depreciation, depletion and amortization

    total $104,391 · program services $104,391

  • 23 · Insurance

    total $100,943 · program services $100,943

  • 24a · Other expenses: MEDICAL EXPENSES

    total $962,209 · program services $962,209

  • 24b · Other expenses: BAD DEBT

    total $654,309 · program services $654,309

  • 24c · Other expenses: FOOD

    total $388,628 · program services $388,628

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,563,456 · end of year $2,226,515

  • 4 · Accounts receivable

    beginning of year $3,084,753 · end of year $3,027,596

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $50,595 · end of year $54,781

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,290 · end of year $3,212

  • 10a · Land, buildings and equipment: cost or other basis

    $2,347,739

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,787,472

  • 10c · Land, buildings and equipment, net

    beginning of year $399,805 · end of year $560,267

  • 11 · Investments: publicly traded securities

    beginning of year $1,859,113 · end of year $2,637,835

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $780,116 · end of year $649,924

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year -$25,677 · end of year $101,406

  • 27 · Net assets without donor restrictions

    beginning of year $6,196,860 · end of year $7,738,721

  • 28 · Net assets with donor restrictions

    beginning of year $7,713 · end of year $20,155

Mission and programs · 2024

Mission

SEE SCHEDULE O

Activities or mission (Part I)

EMPOWERED BY CHRIST, WE WALK TOGETHER WITH ALL WE SERVE.

  • LUTHERAN HOME - FORSYTH COUNTY, INC. STRIVES TO BE A TRUE HOME FOR ITS RESIDENTS, A PLACE OF COMFORT, SECURITY AND BELONGING. TEAMMATES EMPHASIZE BOTH QUALITY CARE AND QUALITY OF LIFE. MEANINGFUL ACTIVITIES BRING RESIDENTS, TEAMMATES, FAMILIES, AND VOLUNTEERS TOGETHER IN A SPIRIT OF FUN AND FELLOWSHIP. TEAMMATES ARE COMMITTED TO PROVIDING COMPASSIONATE CARE AND PERSONAL ATTENTION TO RESIDENTS WHILE MEETING THE UNIQUE MEDICAL, EMOTIONAL, AND SPIRITUAL NEEDS OF EACH INDIVIDUAL. BECAUSE CHOOSING A NURSING HOME OFTEN COMES AT A DIFFICULT TIME, CHAPLAINS ARE AVAILABLE TO OFFER SUPPORT AND GUIDANCE TO FAMILIES AND RESIDENTS DURING ADMISSION AND THROUGHOUT THEIR STAY. DURING THE YEAR ENDED SEPTEMBER 30, 2025, LUTHERAN HOME - FORSYTH, INC. PROVIDED 32,831 DAYS OF CARE TO 370 RESIDENTS.

    Expenses $11,576,800 · Revenue $13,766,124

As filed on the 2024 return.

Listed in Part VII

  • TED GOINS

    PRESIDENT/CEO

    Total calculated
    $467,013
    From this org
    $0
    From related orgs
    $430,398
    Other
    $36,615
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $420,898 related
    Bonus
    $0 + $500 related
    Other
    $0 + $9,000 related
    Deferred
    $0 + $28,954 related
    Nontaxable benefits
    $0 + $7,661 related
    Filer's total
    $0 + $467,013 related

  • DOUG NELSON

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • RICHARD HERMAN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • KAREN MADDRY

    SECRETARY

    Total calculated
    $94,863
    From this org
    $0
    From related orgs
    $86,227
    Other
    $8,636
    Hours/week
    1 + 40 related

  • KIRBY NICKERSON

    CHIEF FINANCIAL OFFICER

    Total calculated
    $336,954
    From this org
    $0
    From related orgs
    $310,130
    Other
    $26,824
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $295,943 related
    Bonus
    $0 + $14,187 related
    Other
    $0
    Deferred
    $0 + $16,786 related
    Nontaxable benefits
    $0 + $10,038 related
    Filer's total
    $0 + $336,954 related

  • KESHA SMITH

    CHIEF OPERATING OFFICER

    Total calculated
    $323,120
    From this org
    $0
    From related orgs
    $308,014
    Other
    $15,106
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $281,971 related
    Bonus
    $0 + $26,043 related
    Other
    $0
    Deferred
    $0 + $5,456 related
    Nontaxable benefits
    $0 + $9,650 related
    Filer's total
    $0 + $323,120 related

  • CYNTHIA MCCOY

    ADMINISTRATOR

    Total calculated
    $208,285
    From this org
    $198,836
    From related orgs
    $0
    Other
    $9,449
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $181,650
    Bonus
    $17,186
    Other
    $0
    Deferred
    $4,217
    Nontaxable benefits
    $5,232
    Filer's total
    $208,285

  • LESTER PALICTE

    LPN

    Total calculated
    $121,146
    From this org
    $114,256
    From related orgs
    $0
    Other
    $6,890
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN
TED GOINS AND KIRBY NICKERSON PARTICIPATE IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN OFFERED BY THE LUTHERAN SERVICES FOR THE AGING. AMOUNTS WILL BE DISTRIBUTED TO THE EMPLOYEE THROUGH A PAYMENT SCHEDULE COMMENCING AT RETIREMENT. NO AMOUNTS WERE CONTRIBUTED TO THE PLAN DURING CALENDAR YEAR 2024.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
7 August 2026
IRS schema version
2024v5.1
Source object
202612199349300431

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