Lutheran Home Hickory Property Inc
Lutheran Home Hickory Property Inc. maintains consistent revenue and expenses with no reported officer compensation.
EIN: 201457319 · Salisbury, NC · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $600K |
| Total Expenses | $541K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $600,000 |
| Net Assets | $3.5M |
| Transparency Score | 85/100 |
Is Lutheran Home Hickory Property Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lutheran Home Hickory Property Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lutheran Home Hickory Property Inc
Lutheran Home Hickory Property Inc (EIN: 201457319) is a nonprofit organization based in Salisbury, NC. The organization reported total revenue of $600K and total assets of $15.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lutheran Home Hickory Property Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lutheran Home Hickory Property Inc is a small nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $600K |
| Total Expenses | $541K |
| Surplus / Deficit | +$59K |
| Total Assets | $5.6M |
| Total Liabilities | $2.2M |
| Net Assets | $3.5M |
| Operating Margin | 9.9% |
| Debt-to-Asset Ratio | 38.6% |
| Months of Reserves | 125.4 months |
Financial Health Grade: A
In 2023, Lutheran Home Hickory Property Inc reported a surplus of $59K with revenue exceeding expenses, holds 125.4 months of operating reserves (strong position), has a debt-to-asset ratio of 38.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lutheran Home Hickory Property Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.0% | +14.5% | +9.3% |
| 2022 | +0.0% | -3.6% | -3.6% |
| 2021 | -6.7% | -7.9% | -9.4% |
| 2020 | +7.1% | -1.1% | +1.4% |
| 2019 | +0.0% | +1.5% | -1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1988 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lutheran Home Hickory Property Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Lutheran Home Hickory Property Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $59K, with revenue exceeding expenses.
- Debt-to-asset ratio: 38.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with annual revenues of $600,000 and suggests either a fully volunteer leadership or that compensation is categorized differently, requiring further clarification for full transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Lutheran Home Hickory Property Inc's IRS 990 filings:
- 0% officer compensation reported across all filings, which may obscure actual leadership compensation if it's categorized elsewhere.
- NTEE Code is unknown, making it difficult to benchmark against similar organizations.
Strengths
The following positive indicators were identified for Lutheran Home Hickory Property Inc:
- Consistent financial stability with revenues generally exceeding expenses.
- Significant reduction in liabilities over the past decade, improving the organization's financial health.
- Healthy asset base relative to annual revenue, indicating long-term sustainability.
- Consistent positive net income, demonstrating effective financial management.
Frequently Asked Questions about Lutheran Home Hickory Property Inc
Is Lutheran Home Hickory Property Inc a legitimate charity?
Lutheran Home Hickory Property Inc (EIN: 201457319) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $600K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Lutheran Home Hickory Property Inc spend its money?
Lutheran Home Hickory Property Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lutheran Home Hickory Property Inc tax-deductible?
Lutheran Home Hickory Property Inc is registered as a tax-exempt nonprofit (EIN: 201457319). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lutheran Home Hickory Property Inc CEO make?
Lutheran Home Hickory Property Inc's highest-compensated officer earns $600,000 annually. The organization reported $600K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Lutheran Home Hickory Property Inc's spending goes to programs?
Lutheran Home Hickory Property Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Lutheran Home Hickory Property Inc located?
Lutheran Home Hickory Property Inc is headquartered in Salisbury, North Carolina and files with the IRS under EIN 201457319.
How many years of IRS 990 filings does Lutheran Home Hickory Property Inc have?
Lutheran Home Hickory Property Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $600K in total revenue.
Is Lutheran Home Hickory Property Inc. a good charity?
Based on the available financial data, the organization demonstrates consistent financial stability with revenues exceeding expenses and a healthy asset base. The lack of reported officer compensation is a unique characteristic that could be viewed positively for resource allocation, assuming all leadership is genuinely volunteer or compensated through other means not explicitly detailed as 'officer compensation'.
How does Lutheran Home Hickory Property Inc. manage its liabilities?
The organization has significantly reduced its liabilities over the past decade, from $3,997,509 in 2014 to $2,176,980 in 2023, indicating effective debt management and a strengthening balance sheet.
What is the trend in Lutheran Home Hickory Property Inc.'s assets?
Assets have shown a slight decline from a peak of $6,474,191 in 2014 to $5,647,005 in 2023. However, this decline is accompanied by a more substantial reduction in liabilities, leading to an increase in net assets over the period.
Filing History
IRS 990 filing history for Lutheran Home Hickory Property Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lutheran Home Hickory Property Inc's revenue has grown by 0%, moving from $600K to $600K. Total assets decreased by 11.6% over the same period, from $6.4M to $5.6M. Total functional expenses rose by 5.4%, from $513K to $541K. In its most recent filing year (2023), Lutheran Home Hickory Property Inc reported a surplus of $59K, with revenue exceeding expenses. The organization holds $2.2M in liabilities against $5.6M in assets (debt-to-asset ratio: 38.6%), resulting in net assets of $3.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $600K | $541K | $5.6M | $2.2M | — | — |
| 2022 | $600K | $472K | $5.2M | $1.8M | — | View 990 |
| 2021 | $600K | $490K | $5.4M | $2.1M | — | View 990 |
| 2020 | $643K | $532K | $5.9M | $2.7M | — | — |
| 2019 | $600K | $538K | $5.8M | $2.8M | — | View 990 |
| 2018 | $600K | $530K | $5.9M | $2.9M | — | View 990 |
| 2017 | $600K | $510K | $6.0M | $3.0M | — | View 990 |
| 2016 | $818K | $536K | $6.3M | $3.4M | — | View 990 |
| 2015 | $600K | $520K | $6.2M | $3.7M | — | View 990 |
| 2014 | $860K | $528K | $6.5M | $4.0M | — | View 990 |
| 2013 | $600K | $537K | $6.4M | $4.2M | — | View 990 |
| 2012 | $751K | $532K | $6.4M | $4.3M | — | View 990 |
| 2011 | $600K | $513K | $6.4M | $4.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $600K, expenses of $541K, and assets of $5.6M (revenue +0.0% year-over-year).
- 2022: Revenue of $600K, expenses of $472K, and assets of $5.2M (revenue +0.0% year-over-year).
- 2021: Revenue of $600K, expenses of $490K, and assets of $5.4M (revenue -6.7% year-over-year).
- 2020: Revenue of $643K, expenses of $532K, and assets of $5.9M (revenue +7.1% year-over-year).
- 2019: Revenue of $600K, expenses of $538K, and assets of $5.8M (revenue +0.0% year-over-year).
- 2018: Revenue of $600K, expenses of $530K, and assets of $5.9M (revenue +0.0% year-over-year).
- 2017: Revenue of $600K, expenses of $510K, and assets of $6.0M (revenue -26.7% year-over-year).
- 2016: Revenue of $818K, expenses of $536K, and assets of $6.3M (revenue +36.3% year-over-year).
- 2015: Revenue of $600K, expenses of $520K, and assets of $6.2M (revenue -30.3% year-over-year).
- 2014: Revenue of $860K, expenses of $528K, and assets of $6.5M (revenue +43.4% year-over-year).
- 2013: Revenue of $600K, expenses of $537K, and assets of $6.4M (revenue -20.1% year-over-year).
- 2012: Revenue of $751K, expenses of $532K, and assets of $6.4M (revenue +25.1% year-over-year).
- 2011: Revenue of $600K, expenses of $513K, and assets of $6.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lutheran Home Hickory Property Inc:
Data Sources and Methodology
This transparency report for Lutheran Home Hickory Property Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.