2024-02-14T14:55:51-06:00 2023-09-30 440160260 FORVIS LLP 500 RIDGEFIELD COURT ASHEVILLE NC 28806 990 2022-10-01 570327887 LUTHERAN HOMES OF SOUTH CAROLINA INC LUTH 8037495110 300 MINISTRY DRIVE IRMO SC 29063 CHARLES COLEMAN CFO 8037495110 2024-02-14 1 CHARLES COLEMAN 999009999 1 AMY BIBBY P00445891 8282542254 2024-02-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z FRANK SHEPKE 300 MINISTRY DRIVE IRMO SC 29063 80187073 0 X WWW.LUTHERANHOMESSC.ORG X 1924 SC PROMOTE THE WELL-BEING OF OLDER ADULTS BY PROVIDING RESIDENTIAL, HEALTH CARE AND HOSPICE SERVICES. 9 9 1581 200 0 0 2076262 2024142 73548666 77426354 2293608 256391 381498 480186 78300034 80187073 0 0 0 0 40328444 44479812 0 0 0 39680606 38223677 80009050 82703489 -1709016 -2516416 120175361 129852904 144578806 155901218 -24403445 -26048314 LUTHERAN HOMES OF SOUTH CAROLINA, INC. OPERATES AS A MISSION PARTNER OF THE SC SYNOD OF THE EVANGELICAL LUTHERAN CHURCH IN AMERICA TO PROMOTE THE WELL-BEING OF OLDER ADULTS BY PROVIDING RESIDENTIAL, HEALTH CARE, AND HOSPICE SERVICES. 0 0 62270038 66950966 CONTINUING CARE RETIREMENT COMMUNITYLUTHERAN HOMES SERVED 2,131 OLDER ADULTS BY PROVIDING 417 INDEPENDENT LIVING HOMES AND APARTMENTS, 192 ASSISTED-LIVING UNITS, 57 ASSISTED-LIVING MEMORY SUPPORT UNITS AND 343 SKILLED NURSING BEDS WITH OUTPATIENT THERAPY SERVICES. COMMUNITIES INCLUDE LUTHERAN HOMES DBA FRANKE AT SEASIDE, THE HERITAGE AT LOWMAN, RICE ESTATE, ROSECREST, AND TRINITY ON LAURENS. 8021223 8600668 HOSPICELUTHERAN HOMES DBA LUTHERAN HOSPICE PROVIDED CARE FOR 538 TERMINALLY ILL PATIENTS AND OVER 1,614 FAMILY CAREGIVERS. 2196381 2354906 HOME SERVICESLUTHERAN HOMES, DBA AS BEWELL HOME SERVICES PROVIDED NON-MEDICAL IN-HOME SUPPORT FOR 161 FAMILIES. BEWELL AT HOME PROVIDED WELLNESS SERVICES FOR 141 CONTINUING CARE AT HOME PROGRAM MEMBERS. 72487642 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 165 0 1 1581 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 SC X CHARLES COLEMAN CFO 8037495110 300 MINISTRY DRIVE IRMO SC 29063 TIM ROGERS BOARD MEMBER 1.00 X 0 0 0 RICHARD MOOSE BOARD MEMBER 1.00 X 0 0 0 MIKE BOLIEK BOARD MEMBER 1.00 X 0 0 0 JACK BALLING BOARD MEMBER 1.00 X 0 0 0 REV GINNY AEBISCHER BOARD MEMBER 1.00 X 0 0 0 JEWELL EANES BOARD MEMBER 1.00 X 0 0 0 PEARL MITCHELL BOARD MEMBER 1.00 X 0 0 0 SUSAN BOLAND BOARD MEMBER 1.00 X 0 0 0 JOHN THOMASON BOARD MEMBER 1.00 X 0 0 0 FRANK SHEPKE CEO 40.00 X 582550 0 51312 PARKE HORTON CFO (THROUGH 06/30/23) 40.00 X 378815 0 36195 CHARLES COLEMAN CFO (BEG. 07/01/23) 40.00 X 124054 0 16667 MELISSA YETTER EXECUTIVE DIRECTOR 40.00 X 216667 0 27661 JONATHAN GATES VP OF HUMAN RESOURCES 40.00 X 172914 0 18993 SANDY STOLL EXECUTIVE DIRECTOR 40.00 X 160299 0 16867 DENISE DICKINSEN VP OF PLANNED GROWTH 40.00 X 166206 0 18393 DANIEL AMODIO EXECUTIVE DIRECTOR 40.00 X 148314 0 27371 ASHLEY HYMAN EXECUTIVE DIRECTOR 40.00 X 138808 0 17266 2088627 0 230725 22 0 1 0 MCCRORY CONSTRUCTION 522 LADY STREET COLUMBIA SC 29201 CONSTRUCTION OF NEW BUILDINGS 10404707 SPECTRUM PARENT INC & SUBSIDIARIES PO BOX 69268 BALTIMORE MD 212649268 THERAPY CONTRACTOR 3214252 CASTLE KEEPERS PO BOX 70697 NORTH CHARLESTON SC 29415 CLEANING SERVICES 510635 THE GREENERY 205 ST JAMES AVENUE 357 NORTH CHARLESTON SC 29445 ENGINEERING SERVICE 417349 JAMES MAHONEY 4210 CLUB COURSE DRIVE CHARLESTON SC 29420 CONTRACTING 390905 15 2010622 13520 2024142 PATIENT AND RESIDENT SERVICES 900099 74126087 74126087 ENTRANCE FEE AMORTIZATION 900099 3300267 3300267 77426354 256391 256391 OTHER REVENUE 900099 480186 480186 480186 80187073 77906540 0 256391 1178033 1178033 36379091 30852674 5526417 468501 281790 186711 3725001 3722305 2696 2729186 2449528 279658 79792 79792 396445 396445 7776109 7741250 34859 1249725 1058717 191008 2199830 1210745 989085 971830 758128 213702 3819782 3819782 307793 244601 63192 14497 2758 11739 3635003 2785261 849742 7443578 7389331 54247 2318394 2238014 80380 FOOD SUPPLIES 3705163 3705163 PROGRAM SUPPLIES 3489940 3489940 BAD DEBT EXPENSE 621764 621764 DUES AND SUBSCRIPTIONS 194032 115891 78141 82703489 72487642 10215847 0 2700157 6746114 4590136 4618042 320337 302268 830648 943454 231301115 121177712 104384798 110123403 6333846 6300116 1015439 819507 120175361 129852904 6919007 10484764 74038458 75627320 55304605 51728237 1105704 8317829 7211032 9743068 144578806 155901218 X -24403445 -26048314 -24403445 -26048314 120175361 129852904 X -2516416 42973 828574 X X 0 1 X 1 1 1 X 1713772 1834707 1908685 2076262 2006179 9539605 74765853 75874409 70580986 73548666 77431420 372201334 76479625 77709116 72489671 75624928 79437599 381740939 0 0 0 381740939 230702 178740 94211 219248 256391 979292 230702 178740 94211 219248 256391 979292 6399708 149967 366870 2455858 493083 9865486 83110035 78037823 72950752 78300034 80187073 392585717 0.97240 0.95780 0.00250 0.00210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4608386 4608386 174939373 90550095 84389278 287875 153882 133993 26210697 14010826 12199871 25254784 16462909 8791875 110123403 FUNDS HELD FOR RESIDENTS 162057 ASSET RETIREMENT OBLIGATION 292700 THIRD PARTY PAYABLES 52234 INTERCOMPANY PAYABLES 9218790 OTHER DEFERRED REVENUE 17287 9743068 X PART X, LINE 2: THE LUTHERAN HOMES OF SOUTH CAROLINA, INC. AND LUTHERAN HOMES OF SOUTH CAROLINA FOUNDATION, INC. AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ARE EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE, AND ARE NOT CLASSIFIED AS A PRIVATE FOUNDATION. LUTHERAN SERVICES, INC., A TAXABLE CORPORATION, UTILIZES THE LIABILITY METHOD OF ACCOUNTING FOR INCOME TAXES IN ACCORDANCE WITH STANDARDS ON ACCOUNTING FOR INCOME TAXES. THE ORGANIZATION HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF SEPTEMBER 30, 2023. X X 0 1 0 0 0 1 0 0 0 FRANK SHEPKE CEO 473523 0 27563 0 81464 0 31406 0 19906 0 633862 0 78269 0 PARKE HORTON CFO (THROUGH 06/30/23) 297567 0 17321 0 63927 0 26401 0 9794 0 415010 0 52715 0 MELISSA YETTER EXECUTIVE DIRECTOR 205256 0 10185 0 1226 0 7755 0 19906 0 244328 0 0 0 JONATHAN GATES VP OF HUMAN RESOURCES 168668 0 2487 0 1759 0 9199 0 9794 0 191907 0 0 0 DENISE DICKINSEN VP OF PLANNED GROWTH 157690 0 2295 0 6221 0 8599 0 9794 0 184599 0 0 0 SANDY STOLL EXECUTIVE DIRECTOR 154538 0 5176 0 585 0 2251 0 14616 0 177166 0 0 0 DANIEL AMODIO EXECUTIVE DIRECTOR 136548 0 11519 0 247 0 5086 0 22285 0 175685 0 0 0 ASHLEY HYMAN EXECUTIVE DIRECTOR 134879 0 3752 0 177 0 7472 0 9794 0 156074 0 0 0 PART I, LINE 4B SENIOR MANAGEMENT TEAM PARTICIPATES IN A NON-QUALIFIED RETIREMENT 457(B) PLAN WITH AN EMPLOYER MATCH OF UP TO 4% OF SALARY. ALSO, THE CEO AND CFO (FRANKE SHEPKE AND PARKE HORTON) PARTICIPATE IN A SUPPLEMENTATION NON-QUALIFIED RETIREMENT 457(F) PLAN WITH AN EMPLOYER CONTRIBUTION OF 4% ON THEIR SALARY. PART I, LINE 6 THE ORGANIZATION HAS A BOARD APPROVED INCENTIVE PROGRAM. THE INCENTIVE AMOUNTS ARE BASED ON ACHIEVING VARIOUS QUALITY AND FINANCIAL MEASUREMENTS. THE FINANCIAL MEASUREMENTS INCLUDE ACHIEVING THE BUDGET, DEBT COVERAGE RATIO, AND NET OPERATING MARGIN RATIO. A LUTHERAN HOMES OF SOUTH CAROLINA INC 570960018 837033KM0 2013-05-01 36306637 REFINANCE PORTION OF 1998 SERIES AND CONSTRUCTION SNF - 2013 SERIES 0 0 0 B LUTHERAN HOMES OF SOUTH CAROLINA INC 570960018 837033KT5 2017-11-21 13379863 HEALTH CARE REVENUE REFUNDING BONDS SERIES 2017B 0 0 0 C SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY 570960018 2022-05-18 27500000 HEALTH CARE FACILITIES REV REFUNDING & REV BONDS (THE LUTHERAN HOMES OF SC) 0 0 0 A 4245000 35590714 2706254 1340279 21922669 726133 12317556 2014 1 0 1 1 B 13379863 78231 13301632 2017 1 0 1 1 C 810002 27500000 450315 15185223 11416682 447780 1 0 0 0 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0.00000 0.00000 0 0 0 A 0 0 0 0 0 0 1 WELLS FARGO 0.150000000000 1 0 B 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 1 FIRST HORIZON BANK 12.000000000000 0 0 0 0 1 A 1 B 1 C 1 FORM 990, PART VI, SECTION A, LINE 7A CORPORATE'S BOARD OF TRUSTEES IS COMPRISED OF A MINIMUM OF SEVEN AND MAXIMUM OF TWELVE MEMBERS, OF WHICH, TWO MEMBERS ARE RATIFIED BY THE EVANGELICAL LUTHERAN CHURCH IN AMERICA (ELCA) SOUTH CAROLINA SYNOD COUNCIL ANNUALLY, THE BOARD MEMBERS WILL BE LUTHERAN OR OF CHRISTIAN FAITHS THAT ARE IN COMMUNION WITH ELCA AND THE BISHOP OR DESIGNEE OF THE SOUTH CAROLINA SYNOD SERVES AS A VOTING MEMBER. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD CHAIR AND FINANCE CHAIR REVIEWS THE FORM 990 PRIOR TO FILING. THE FULL BOARD IS PROVIDED A COPY PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, KEY EMPLOYEES, AND TRUSTEES COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM ANNUALLY. TRUSTEES DO NOT VOTE IN MATTERS WHERE CONFLICT EXISTS. FORM 990, PART VI, SECTION B, LINE 15 FOR THE CEO, COMPENSATION IS BASED ON A REVIEW OF SURVEY INFORMATION AND STUDIES ANNUALLY. THE EXECUTIVE COMMITTEE REVIEWS THIS INFORMATION AND RECOMMENDS THE SALARY OF THE CEO TO THE FULL BOARD FOR APPROVAL. FOR OTHER OFFICERS AND KEY EMPLOYEES, THE CEO DETERMINES THEIR COMPENSATION BASED ON SALARY SURVEY INFORMATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, AND GOVERNING DOCUMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP 828,574. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. LUTHERAN HOMES OF SOUTH CAROLINA FOUNDATION INC 300 MINISTRY DRIVE IRMO SC 29063 570342978 SUPPORT LHSC SC 501(C)(3) LINE 12A, I LHSC 1 LUTHERAN SERVICES INC 300 MINISTRY DRIVE IRMO SC 29063 570927309 RENTAL MANAGEMENT SC LHSC C 20180 280679 1.00000 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 LUTHERAN HOMES OF SOUTH CAROLINA FOUNDATION INC C 276418 CONTRIBUTION TRANSFER LUTHERAN HOMES OF SOUTH CAROLINA FOUNDATION INC Q 1219368 CAPITAL PURCHASES LUTHERAN HOMES OF SOUTH CAROLINA FOUNDATION INC Q 501317 RESIDENT GRANTS LUTHERAN HOMES OF SOUTH CAROLINA FOUNDATION INC Q 13520 OPERATIONAL GRANT