Lutheran Home Of Central New York
- Assets
- $13.4m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 82
- Location
- Clinton, NY
- Founding
- 09/2015
- Data as of
- 12/2021
- EIN
- 15-0543616
Organization Overview
Lutheran Home Of Central New York is located in Clinton, NY. The organization was established in 2015. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2021, Lutheran Home Of Central New York employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lutheran Home Of Central New York 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, Lutheran Home Of Central New York generated $2.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $2.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROMOTES THE CREATION AND MAINTENANCE OF HIGH-QUALITY SERVICES AND FACILITIES FOR ELDERLY PEOPLE WITH CARE NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISIONS OF ROOM AND BOARD SERVICES TO THE ELDERLY INCLUDES LAUNDRY, HOUSEKEEPING, PERSONAL ASSISTANCE AND ACTIVITIES. THE HOME HAS 62 BEDS AND ACCEPTS PRIVATE PAY AND SSI ELIGIBLE RESIDENTS.
THE HOME COMPANION SERVICE PURPOSE IS TO PROVIDE TRANSPORTATION AND COMPANIONSHIP TO THE ELDERLY HOME BOUND COMMUNITY POPULATION. THIS IS A PRIVATE PAY SERVICE.
THE SPECIAL NEEDS ASSISTED LIVING AND AN ENHANCED ASSISTED LIVING RESIDENCE PROVIDES SERVICES TO INDIVIDUALS LIVING WITH VARYING STAGES OF MEMORY LOSS. THERE ARE 14 BEDS AND ONLY PRIVATE PAY IS ACCEPTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Cole Director Of Adult Homes & Assisted Living Residenc | 32 | $102,725 | |
Jay Williams Vice Chairman | OfficerTrustee | 0.2 | $0 |
George J Burke Treasurer | OfficerTrustee | 0.2 | $0 |
Michael Sweeney Former President/ceo | OfficerTrustee | 3 | $0 |
Jeremy Rutter President/ceo | OfficerTrustee | 3 | $0 |
Julianne Breen Secretary | OfficerTrustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $6,156 |
| Government grants | $353,712 |
| All other contributions, gifts, grants, and similar amounts not included above | $600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $360,468 |
| Total Program Service Revenue | $1,647,993 |
| Investment income | $4,635 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $38,952 |
| Net Gain/Loss on Asset Sales | $217,240 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,391,293 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,150,164 |
| Pension plan accruals and contributions | $6,212 |
| Other employee benefits | $182,646 |
| Payroll taxes | $88,904 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,950 |
| Fees for services: Accounting | $20,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,696 |
| Fees for services: Other | $480,868 |
| Advertising and promotion | $14,563 |
| Office expenses | $10,549 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $224,543 |
| Travel | $9,948 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $62,607 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $207,260 |
| Insurance | $47,981 |
| All other expenses | $0 |
| Total functional expenses | $2,531,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,096,412 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $57,107 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,292 |
| Prepaid expenses and deferred charges | $22,868 |
| Net Land, buildings, and equipment | $3,167,702 |
| Investments—publicly traded securities | $8,819,146 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $183,389 |
| Total assets | $13,360,916 |
| Accounts payable and accrued expenses | $330,766 |
| Grants payable | $0 |
| Deferred revenue | $9,077 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $25,324 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,430,749 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,795,916 |
| Net assets without donor restrictions | $3,929,505 |
| Net assets with donor restrictions | $6,635,495 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $13,360,916 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lutheran Home Of Central New York has recieved totaling $81,398.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Herkimer And Oneida Counties Inc Utica, NY PURPOSE: CREATION OF FOUR SEMI-PRIVATE BARIATRIC SPACES | $81,398 |
Endowment Analysis
| Beg. Balance | $5,926,366 |
| Earnings | $893,147 |
| Other Expense | $184,808 |
| Ending Balance | $6,634,705 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Germantown Home Philadelphia, PA | $23,238,200 | $17,117,508 |
Our Lady Of Mercy Life Center Guilderland, NY | $13,584,598 | $18,367,817 |
Grove Manor Corporation Grove City, PA | $38,510,469 | $20,011,663 |
Phoebe Richland Health Care Center Allentown, PA | $42,688,223 | $20,669,291 |
Episcopal Church Home Rochester, NY | $13,527,861 | $19,691,308 |
Jerome Home New Britain, CT | $48,789,319 | $20,665,795 |
Northern Riverview Health Care Center Inc Haverstraw, NY | $45,238,260 | $26,935,593 |
Hatfield Mennonite Home Hatfield, PA | $33,080,459 | $18,750,870 |
Harrogate Incorporated Lakewood, NJ | $32,163,275 | $19,988,142 |
Hartford Healthcare Senior Services Inc Southington, CT | $12,831,492 | $19,135,049 |
Upmc Senior Communities Inc Pittsburgh, PA | $51,351,268 | $15,897,912 |
Sancta Maria Hospital Inc Cambridge, MA | $13,379,859 | $18,950,090 |