Wollaston Lutheran Housing Inc
- Assets
- $296.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 5
- Location
- Quincy, MA
- Founding
- 01/2005
- Data as of
- 12/2021
- EIN
- 06-1731780
Organization Overview
Wollaston Lutheran Housing Inc is located in Quincy, MA. The organization was established in 2005. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Wollaston Lutheran Housing Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wollaston Lutheran Housing Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Wollaston Lutheran Housing Inc generated $2.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (62.1%) each year. All expenses for the organization totaled $387.0 during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (71.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
WOLLASTON LUTHERAN HOUSING PROVIDED PAYROLL SERVICES, ACCESS TO GROUP INSURANCE BENEFITS INCLUDING HEALTH, DENTAL, ACCIDENT, LIFE, AND EYE INSURANCES, AND RETIREMENT SERVICES FOR TEN EMPLOYEES DURING 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Wismar President/tr | 32 | $228,580 | |
Rev Adolph Wismar Director | 0.5 | $0 | |
Barbara Wismar Director | 0.5 | $0 | |
Rev Richard Law Director | 0.5 | $0 | |
Rev James Kimmell Director | 0.5 | $0 | |
Marcia Bailey Director | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wlc Management Company Inc Management Serv | 12/30/19 | $137,146 |
Wlc Management Company Inc Social Services | 12/30/19 | $111,876 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,591 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $2,591 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $387 |
| Total expenses | $387 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $295,868 |
| Other assets | $0 |
| Total assets | $296,672 |
| Total liabilities | $2,000 |
| Net assets or fund balances | $294,672 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wollaston Lutheran Housing Inc has recieved totaling $86,982.
| Awarding Organization | Amount |
|---|---|
Wollaston Lutheran Foundation Inc Quincy, MA PURPOSE: PROGRAM SUPPORT | $86,982 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Coburg Village Inc Rexford, NY | $43,908,610 | $10,396,522 |
2life Communities Services Inc Brighton, MA | $14,714,646 | $15,464,952 |
New Haven Jewish Community Council Housing Corporation New Haven, CT | $29,407,361 | $7,917,612 |
Vernon Advent Christian Home Inc Vernon, VT | $5,183,306 | $7,747,706 |
Geer Woods Inc Canaan, CT | $16,105,783 | $7,692,036 |
Miller Memorial Community Inc Meriden, CT | $2,617,038 | $7,410,160 |
Gifford Retirement Community Inc Randolph, VT | $12,550,622 | $5,271,559 |
Teresian House Housing Corporation Albany, NY | $28,495,026 | $7,463,112 |
Wartburg Senior Housing Inc Mt Vernon, NY | $20,441,065 | $8,326,549 |
New Reach Inc New Haven, CT | $19,348,639 | $8,454,428 |
Masonicare At Chester Village Inc Wallingford, CT | $26,931,477 | $7,413,910 |
Lathrop Community Inc Easthampton, MA | $20,123,468 | $6,704,527 |