Lutheran Home Winston Salem Property Inc
Lutheran Home Winston Salem Property Inc. faces persistent deficits and declining assets, with liabilities exceeding assets in recent years.
EIN: 205304794 · Salisbury, NC · Updated: 2026-03-28
Is Lutheran Home Winston Salem Property Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lutheran Home Winston Salem Property Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lutheran Home Winston Salem Property Inc
Lutheran Home Winston Salem Property Inc (EIN: 205304794) is a nonprofit organization based in Salisbury, NC. The organization reported total revenue of $384K and total assets of $6.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lutheran Home Winston Salem Property Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lutheran Home Winston Salem 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 -1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $370K |
| Total Expenses | $539K |
| Surplus / Deficit | $-169,484 |
| Total Assets | $6.5M |
| Total Liabilities | $8.3M |
| Net Assets | $-1,830,248 |
| Operating Margin | -45.8% |
| Debt-to-Asset Ratio | 128.3% |
| Months of Reserves | 143.9 months |
Financial Health Grade: C
In 2023, Lutheran Home Winston Salem Property Inc reported a deficit of $169K with expenses exceeding revenue, holds 143.9 months of operating reserves (strong position), has a debt-to-asset ratio of 128.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lutheran Home Winston Salem Property Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -26.0% | -21.9% | -6.4% |
| 2022 | +35.1% | -16.4% | -2.0% |
| 2021 | +0.0% | -0.1% | -6.1% |
| 2020 | -69.5% | -3.7% | -8.6% |
| 2019 | +227.4% | -15.1% | +1.3% |
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 Winston Salem Property Inc with a Mission Score of 35 out of 100 (Poor). 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: 75%
- fundraising: 10%
According to IRS 990 filings, Lutheran Home Winston Salem Property Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 deficit of $169K, with expenses exceeding revenue.
- Debt-to-asset ratio: 128.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not compensated, which is a positive sign for resource allocation and 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 Winston Salem Property Inc's IRS 990 filings:
- Consistent operational deficits: Expenses frequently exceed revenue (e.g., $539,484 expenses vs. $370,000 revenue in 202309).
- Significant decline in assets: Assets have fallen from $24.8M in 2014 to $6.4M in 2023.
- Liabilities exceeding assets: In recent years, liabilities have been greater than assets, indicating potential solvency issues (e.g., $8,299,780 liabilities vs. $6,469,532 assets in 202309).
- Negative revenue reported in 201609 ($-360,850), which is highly unusual and warrants investigation.
- Unknown NTEE code, which limits understanding of its specific mission and impact area.
Strengths
The following positive indicators were identified for Lutheran Home Winston Salem Property Inc:
- Zero officer compensation reported across all filings, indicating a commitment to not drawing salaries from the organization's funds.
Frequently Asked Questions about Lutheran Home Winston Salem Property Inc
Is Lutheran Home Winston Salem Property Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lutheran Home Winston Salem Property Inc (EIN: 205304794) significant concerns. Mission Score: 35/100. 5 red flags identified, 1 strength noted.
How does Lutheran Home Winston Salem Property Inc spend its money?
Lutheran Home Winston Salem Property Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lutheran Home Winston Salem Property Inc tax-deductible?
Lutheran Home Winston Salem Property Inc is registered as a tax-exempt nonprofit (EIN: 205304794). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Lutheran Home Winston Salem Property Inc. financially sustainable?
Based on the consistent operational deficits where expenses frequently exceed revenue (e.g., $539,484 expenses vs. $370,000 revenue in 202309) and the significant decline in assets from $24.8M in 2014 to $6.4M in 2023, the organization's financial sustainability is highly questionable.
What is the primary cause of the declining assets?
The primary cause appears to be the consistent operational deficits, where annual expenses have regularly exceeded revenue, leading to a depletion of assets over time. For example, in 202309, the organization spent $169,484 more than it earned.
How does the organization plan to address its high liabilities relative to assets?
The provided data does not detail the organization's plans to address its liabilities, which have consistently been high and have exceeded assets in recent periods (e.g., $8,299,780 liabilities vs. $6,469,532 assets in 202309). This is a critical area for further inquiry.
Filing History
IRS 990 filing history for Lutheran Home Winston Salem Property Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lutheran Home Winston Salem Property Inc's revenue has declined by 13.2%, moving from $426K to $370K. Total assets increased by 0.2% over the same period, from $6.5M to $6.5M. Total functional expenses rose by 134.5%, from $230K to $539K. In its most recent filing year (2023), Lutheran Home Winston Salem Property Inc reported a deficit of $169K, with expenses exceeding revenue. The organization holds $8.3M in liabilities against $6.5M in assets (debt-to-asset ratio: 128.3%), resulting in net assets of $-1,830,248.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $370K | $539K | $6.5M | $8.3M | — | — |
| 2022 | $500K | $691K | $6.9M | $8.6M | — | View 990 |
| 2021 | $370K | $826K | $7.1M | $8.5M | — | View 990 |
| 2020 | $370K | $828K | $7.5M | $8.5M | — | — |
| 2019 | $1.2M | $860K | $8.2M | $8.8M | — | View 990 |
| 2018 | $370K | $1.0M | $8.1M | $9.0M | — | View 990 |
| 2017 | $468K | $873K | $9.0M | $9.3M | — | View 990 |
| 2016 | $-360,850 | $921K | $9.5M | $9.4M | — | View 990 |
| 2015 | $370K | $1.1M | $10.9M | $9.4M | — | View 990 |
| 2014 | $370K | $839K | $24.8M | $22.7M | — | View 990 |
| 2013 | $677K | $751K | $12.2M | $10.3M | — | View 990 |
| 2012 | $426K | $365K | $12.4M | $10.4M | — | View 990 |
| 2011 | $426K | $230K | $6.5M | $3.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $370K, expenses of $539K, and assets of $6.5M (revenue -26.0% year-over-year).
- 2022: Revenue of $500K, expenses of $691K, and assets of $6.9M (revenue +35.1% year-over-year).
- 2021: Revenue of $370K, expenses of $826K, and assets of $7.1M (revenue +0.0% year-over-year).
- 2020: Revenue of $370K, expenses of $828K, and assets of $7.5M (revenue -69.5% year-over-year).
- 2019: Revenue of $1.2M, expenses of $860K, and assets of $8.2M (revenue +227.4% year-over-year).
- 2018: Revenue of $370K, expenses of $1.0M, and assets of $8.1M (revenue -20.9% year-over-year).
- 2017: Revenue of $468K, expenses of $873K, and assets of $9.0M.
- 2016: Revenue of $-360,850, expenses of $921K, and assets of $9.5M (revenue -197.5% year-over-year).
- 2015: Revenue of $370K, expenses of $1.1M, and assets of $10.9M (revenue +-0.0% year-over-year).
- 2014: Revenue of $370K, expenses of $839K, and assets of $24.8M (revenue -45.3% year-over-year).
- 2013: Revenue of $677K, expenses of $751K, and assets of $12.2M (revenue +58.9% year-over-year).
- 2012: Revenue of $426K, expenses of $365K, and assets of $12.4M (revenue +-0.0% year-over-year).
- 2011: Revenue of $426K, expenses of $230K, and assets of $6.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lutheran Home Winston Salem Property Inc:
Data Sources and Methodology
This transparency report for Lutheran Home Winston Salem 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.