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In an atmosphere of Christian living, WLRC, a non-profit active retirement community, seeks to own, operate and maintain individual living accommodations for independent seniors and to promote and maintain friendly, understanding relationships among the members of our Christian community. WLRC seeks to provide services that meet the physical, social, psychological, and spiritual needs of the residents and that also contribute to the maximization of their health, security, happiness, and usefulness. WLRC seeks to maintain financial solvency to assure continuation of the retirement facility for the benefit of current and future residents. As a not-for-profit organization, Willamette Lutheran Retirement Community is mindful of the social concerns and priorities of the community. Non-Profit Status and Social Accountability
A non-profit organization is one that does not distribute its surplus funds (profits) to owners or shareholders, but instead uses them to help pursue its own goals. A non-profit organization is allowed to have a surplus of revenues over expenditures, otherwise it would fail or stagnate. While they are able to earn a profit, more accurately called a surplus, such earnings must be retained by the organization for its self-preservation, expansion and future plans. The surplus is not subject to income tax as long as the funds are received and spent to fulfill its mission as enumerated in its tax exemption request.
References: Wikipedia.com and AAHSA.org |

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