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Nonprofiteer
← LUTHERAN HOME - FORSYTH COUNTY INC

Form 990 for tax year 2023

Filed by LUTHERAN HOME - FORSYTH COUNTY INC.

Totals

Total revenue
$13,172,948
Total expenses
$12,706,064
Contributions and grants received
$4,516
Grants paid
$0
Program service revenue
$13,101,766
Investment income
$52,613
Other revenue
$14,053
Total assets, end of year
$6,959,012
Total liabilities, end of year
$754,439
Net assets or fund balances, end of year
$6,204,573
Program services expenses (Part IX)
$11,424,957
Management and general expenses
$1,281,107
Fundraising expenses
$0
Program service expenses (Part III)
$11,424,957

Program services were 89.9% 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

    $4,516

  • 2a · Program service revenue: Service Fee Revenue

    total $13,052,365 · related or exempt $13,052,365

  • 2b · Program service revenue: Dietary Income

    total $49,401 · related or exempt $49,401

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $76,091 · excluded $76,091

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7b · Less cost or other basis and sales expenses

    securities $23,478

  • 7c · Gain or loss

    securities -$23,478 · other assets $0

  • 7d · Net gain or loss

    total -$23,478 · excluded -$23,478

  • 11a · Other revenue: OTHER REVENUE

    total $14,053 · excluded $14,053

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $14,053

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $5,769,519 · program services $5,334,088 · management and general $435,431

  • 8 · Pension plan contributions

    total $19,342 · program services $17,882 · management and general $1,460

  • 9 · Other employee benefits

    total $508,819 · program services $470,418 · management and general $38,401

  • 10 · Payroll taxes

    total $438,589 · program services $405,488 · management and general $33,101

  • 11a · Fees: management

    total $604,629 · management and general $604,629

  • 11b · Fees: legal

    total $34,125 · management and general $34,125

  • 11c · Fees: accounting

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

  • 11f · Fees: investment management

    total $3,972 · management and general $3,972

  • 11g · Fees: other

    total $1,808,229 · program services $1,785,093 · management and general $23,136 · fundraising $0

  • 12 · Advertising and promotion

    total $3,819 · management and general $3,819

  • 13 · Office expenses

    total $530,506 · program services $452,035 · management and general $78,471

  • 14 · Information technology

    total $3,222 · program services $3,222

  • 16 · Occupancy

    total $885,604 · program services $885,604

  • 17 · Travel

    total $20,315 · program services $15,753 · management and general $4,562

  • 19 · Conferences, conventions and meetings

    total $1,978 · program services $1,978

  • 22 · Depreciation, depletion and amortization

    total $176,756 · program services $176,756

  • 23 · Insurance

    total $78,045 · program services $78,045

  • 24a · Other expenses: Medical Expenses

    total $1,042,006 · program services $1,042,006

  • 24b · Other expenses: Bad Debt

    total $395,759 · program services $395,759

  • 24c · Other expenses: FOOD

    total $356,788 · program services $356,788

  • 24d · Other expenses: COVID 19 Expense

    total $4,042 · program services $4,042

  • 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 $1,205,055 · end of year $1,563,456

  • 4 · Accounts receivable

    beginning of year $2,075,102 · end of year $3,084,753

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 8 · Inventories for sale or use

    beginning of year $33,120 · end of year $50,595

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,323 · end of year $1,290

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

    $2,082,886

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

    $1,683,081

  • 10c · Land, buildings and equipment, net

    beginning of year $498,506 · end of year $399,805

  • 11 · Investments: publicly traded securities

    beginning of year $2,912,288 · end of year $1,859,113

  • 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 $680,192 · end of year $780,116

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $752,892 · end of year -$25,677

  • 27 · Net assets without donor restrictions

    beginning of year $5,300,992 · end of year $6,196,860

  • 28 · Net assets with donor restrictions

    beginning of year $3,318 · end of year $7,713

Mission and programs · 2023

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, 2024, LUTHERAN HOME - FORSYTH, INC. PROVIDED 32,818 DAYS OF CARE TO 404 RESIDENTS.

    Expenses $11,424,957 · Revenue $13,101,766

As filed on the 2023 return.

Listed in Part VII

  • Ted Goins

    President/CEO

    Total calculated
    $429,211
    From this org
    $0
    From related orgs
    $416,053
    Other
    $13,158
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $414,238 related
    Bonus
    $0 + $1,275 related
    Other
    $0 + $540 related
    Deferred
    $0 + $6,600 related
    Nontaxable benefits
    $0 + $6,558 related
    Filer's total
    $0 + $429,211 related

  • Cary M Grant

    Vice Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Gregory Hudgins

    Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Karen Maddry

    Secretary

    Total calculated
    $94,526
    From this org
    $0
    From related orgs
    $84,479
    Other
    $10,047
    Hours/week
    1 + 40 related

  • Kirby Nickerson

    Chief Financial Officer

    Total calculated
    $301,903
    From this org
    $0
    From related orgs
    $286,055
    Other
    $15,848
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $275,315 related
    Bonus
    $0 + $10,200 related
    Other
    $0 + $540 related
    Deferred
    $0 + $5,840 related
    Nontaxable benefits
    $0 + $10,008 related
    Filer's total
    $0 + $301,903 related

  • Kesha Smith

    Chief Operating Officer

    Total calculated
    $295,440
    From this org
    $0
    From related orgs
    $280,725
    Other
    $14,715
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $264,785 related
    Bonus
    $0 + $15,400 related
    Other
    $0 + $540 related
    Deferred
    $0 + $5,385 related
    Nontaxable benefits
    $0 + $9,330 related
    Filer's total
    $0 + $295,440 related

  • Cynthia D McCoy

    Administrator

    Total calculated
    $185,180
    From this org
    $175,074
    From related orgs
    $0
    Other
    $10,106
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,484
    Bonus
    $11,050
    Other
    $540
    Deferred
    $3,723
    Nontaxable benefits
    $6,383
    Filer's total
    $185,180

  • LESTER TOM QUISIDO PALICTE

    LPN

    Total calculated
    $117,938
    From this org
    $109,451
    From related orgs
    $0
    Other
    $8,487
    Hours/week
    40

  • Saadia Bahri

    LPN

    Total calculated
    $122,073
    From this org
    $114,177
    From related orgs
    $0
    Other
    $7,896
    Hours/week
    40

  • Tonya Hilliard

    Administrator

    Total calculated
    $120,600
    From this org
    $117,835
    From related orgs
    $0
    Other
    $2,765
    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

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

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
2023
Filed
14 August 2025
IRS schema version
2023v6.0
Source object
202532269349302323

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