Company Profile: Lutheran Senior Citizens, Inc.

Background

Overview

Lutheran Senior Citizens, Inc., operating as Concordia Life Plan Community, is a nonprofit organization based in Oklahoma City, Oklahoma. Established in 2007, the organization is dedicated to providing a high-quality residential living environment for seniors, rooted in Christian values. It offers a continuum of care, including independent living, assisted living, memory care, and skilled nursing services. The mission is to cater to the evolving needs of seniors in a secure and caring environment, ensuring their well-being and quality of life.

Mission and Vision

The mission of Lutheran Senior Citizens, Inc. is to provide exceptional residential living environments for seniors, upholding Christian values while addressing their current and ongoing needs. The vision is to create a safe, secure, and caring community where seniors can thrive and live life to the fullest.

Industry Significance

As a nonprofit organization, Lutheran Senior Citizens, Inc. plays a crucial role in the senior living industry by offering comprehensive care options that adapt to the changing needs of older adults. Its commitment to quality care and Christian principles distinguishes it in the market, contributing to the broader landscape of senior services in Oklahoma and beyond.

Key Strategic Focus

Core Objectives

Comprehensive Care: Provide a full spectrum of services, including independent living, assisted living, memory care, and skilled nursing, to meet the diverse needs of seniors.

Quality of Life: Enhance the well-being of residents through personalized care plans, engaging activities, and a supportive community environment.

Christian Values: Operate with a foundation in Christian principles, ensuring that all services are delivered with compassion, respect, and integrity.

Areas of Specialization

Independent Living: Offer seniors the opportunity to live independently while having access to community amenities and support services.

Assisted Living: Provide assistance with daily activities for those who need help but do not require full-time nursing care.

Memory Care: Specialized care for individuals with Alzheimer's disease and other forms of dementia, focusing on safety and cognitive support.

Skilled Nursing: 24-hour medical care for residents with complex health needs, delivered by licensed professionals.

Key Technologies Utilized

While specific technological platforms are not detailed in the available information, organizations in this sector typically employ electronic health records (EHR) systems, telemedicine services, and resident management software to enhance care delivery and operational efficiency.

Primary Markets and Conditions Targeted

The primary market includes seniors aged 62 and above in Oklahoma City and surrounding areas. The organization focuses on conditions such as aging-related health issues, cognitive impairments like dementia, and the need for long-term care services.

Financials and Funding

Funding History

As a nonprofit entity, Lutheran Senior Citizens, Inc. relies on a combination of revenue from services, donations, and grants to fund its operations. Specific details regarding total funds raised and recent funding rounds are not publicly disclosed.

Financial Performance

Revenue: In 2023, the organization reported a revenue of $15,425,217.

Expenses: The total expenses for the same year were $12,994,056.

Net Income: The net income for 2023 was $2,431,161.

Assets and Liabilities: Total assets amounted to $22,586,649, with total liabilities at $45,298,842, resulting in net assets of -$22,712,193.

Notable Investors

Specific investors are not publicly disclosed. However, as a nonprofit organization, funding sources likely include individual donors, philanthropic foundations, and possibly government grants.

Utilization of Capital

The capital is primarily utilized to enhance and expand the organization's facilities, improve care services, and support operational costs to maintain a high standard of living for residents.

Pipeline Development

As a nonprofit senior living community, Lutheran Senior Citizens, Inc. does not have a traditional product pipeline. Instead, its development focuses on expanding and improving its facilities and services to meet the growing needs of the senior population. This includes potential plans for new care programs, facility upgrades, and community outreach initiatives.

Technological Platform and Innovation

Proprietary Technologies

While specific proprietary technologies are not detailed, the organization likely employs industry-standard systems for resident care management, health monitoring, and administrative operations.

Significant Scientific Methods

The organization may utilize evidence-based care practices, personalized care plans, and possibly telehealth services to enhance resident care.

Leadership Team

Key Executives

Daniel Eischen: Chief Executive Officer (CEO)

Professional Background: Specific details about Mr. Eischen's professional background are not publicly available.

Contributions: As CEO, Mr. Eischen oversees the organization's strategic direction, operations, and ensures the mission is effectively implemented.

Leadership Changes

No recent significant changes or appointments within the leadership team have been publicly disclosed.

Competitor Profile

Market Insights and Dynamics

The senior living industry is experiencing growth due to an aging population, increasing demand for long-term care services, and a focus on quality of life for seniors. Organizations like Lutheran Senior Citizens, Inc. are integral in meeting these needs through comprehensive care models.

Competitor Analysis

Key competitors in the Oklahoma City area include other nonprofit and for-profit senior living communities offering similar services. Specific competitor names and details are not provided in the available information.

Strategic Collaborations and Partnerships

Specific collaborations or partnerships are not detailed in the available information. However, partnerships with healthcare providers, community organizations, and faith-based groups are common in the senior living sector to enhance service offerings and community engagement.

Operational Insights

Lutheran Senior Citizens, Inc. differentiates itself through its Christian-based mission, comprehensive care services, and commitment to quality of life for residents. This focus positions the organization as a compassionate and holistic care provider in the senior living market.

Strategic Opportunities and Future Directions

Strategic Roadmap

The organization may consider expanding its service offerings, enhancing facility amenities, and increasing community outreach to attract a broader resident base.

Future Business Directions

Potential directions include developing specialized care programs, integrating advanced technologies for care management, and exploring new funding avenues to support growth and innovation.

Opportunities for Expansion

Opportunities may exist in expanding to new geographic areas, forming strategic partnerships, and diversifying service offerings to meet the evolving needs of the senior population.

Positioning for Future Objectives

By leveraging its mission-driven approach, comprehensive care model, and community focus, Lutheran Senior Citizens, Inc. is well-positioned to achieve its future objectives and continue serving the senior community effectively.