Lutheran Church Home Of Buffalo Inc
- Assets
- $9.1m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 97
- Location
- Lancaster, NY
- Founding
- 08/1963
- Data as of
- 12/2021
- EIN
- 16-0763163
Organization Overview
Lutheran Church Home Of Buffalo Inc, operating under the name Greenfield Terrace, is located in Lancaster, NY. The organization was established in 1963. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2021, Greenfield Terrace employed 97 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Greenfield Terrace 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, Greenfield Terrace generated $3.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $3.4m during the year ending 12/2021. While expenses have increased by 2.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
OUR MISSION IS TO PROVIDE FOR THE PHYSICAL, SOCIAL, AND SPIRITUAL NEEDS OF INDIVIDUALS WE SERVE, IN A CHRISTIAN ENVIRONMENT. THE ORGANIZATION IS AN ADULT CARE FACILITY WHICH CAN ACCOMMODATE 48 RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATED AN ADULT CARE FACILITY WHICH CAN ACCOMODATE 48 RESIDENTS. THE ORGANIZATION PROVIDES HOUSING AND MEALS AND OTHER NECESSITIES FOR THE ELDERLY INCLUDING HOUSEKEEPING, LAUNDRY, AND MAINTENANCE SERVICES, HEALTH AND PERSONAL CARE SERVICES, INCLUDING NURSE-MANAGED MEDICATION ASSISTANCE, EMERGENCY CALL SYSTEMS IN EACH ROOM, PERSONAL SHOPPING SERVICES AND HAS IN-HOUSE BEAUTY/BARBER SALON, IN HOUSE MEDICAL VISITS, TRANSPORTATION, ECUMENICAL WORSHIP AND PASTORAL CARE SERVICES, SOCIAL ACTIVITIES AND RECREATIONAL OPPORTUNITIES, SPACIOUS PARK WITH A GAZEBO AND A BEAUTIFUL GARDEN AREA, 24 HOUR SECURITY AND ON SITE STAFF, CASE MANAGEMENT SERVICES AND A LIBRARY WITH QUIET SEATING AREAS. DURING 2021, WE PROVIDED SERVICES TO 81 RESIDENTS (487 MONTHS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher E Koenig President/ceo And Board Member | OfficerTrustee | 5 | $0 |
Rev Hans J R Irmer Board Chairman | OfficerTrustee | 0.5 | $0 |
Rev Carol Lankes Board Vice Chair | OfficerTrustee | 0.5 | $0 |
Michael Sheehan Board Treasurer | OfficerTrustee | 0.5 | $0 |
Mr Gerald C Saxe Board Secretary | OfficerTrustee | 0.5 | $0 |
Mrs Laurie Jankowski Chief Financial Officer-Retired 11/2021 | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $18,642 |
| Government grants | $417,384 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $436,026 |
| Total Program Service Revenue | $3,247,572 |
| Investment income | $43,891 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $39,345 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,770,658 |
| 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 | $1,660,734 |
| Pension plan accruals and contributions | $18,150 |
| Other employee benefits | $199,023 |
| Payroll taxes | $126,168 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,670 |
| Fees for services: Other | $7,043 |
| Advertising and promotion | $4,001 |
| Office expenses | $53,612 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,375 |
| Interest | $188,142 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $310,545 |
| Insurance | $89,829 |
| All other expenses | $69,074 |
| Total functional expenses | $3,400,736 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,632,717 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,718 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,173 |
| Prepaid expenses and deferred charges | $34,664 |
| Net Land, buildings, and equipment | $6,168,980 |
| Investments—publicly traded securities | $1,063,878 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $116,964 |
| Total assets | $9,055,094 |
| Accounts payable and accrued expenses | $146,278 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,995,052 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $26,709 |
| Total liabilities | $3,168,039 |
| Net assets without donor restrictions | $4,705,266 |
| Net assets with donor restrictions | $1,181,789 |
| 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 | $9,055,094 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lutheran Church Home Of Buffalo Inc has recieved totaling $25,638.
| Awarding Organization | Amount |
|---|---|
Niagara Lutheran Home Foundation Inc Lancaster, NY PURPOSE: The purpose of the contribution was for a benevolent fund for residents, music and memory program, and resident activities. | $18,642 |
Community Foundation For Greater Buffalo Inc Buffalo, NY PURPOSE: UNRESTRICTED USE; IN MEMORY OF | $6,996 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Evergreens Fort Washington, PA | $100,353,926 | $21,284,774 |
Reformed Church Ministries To The Aging The Particular Synod Of The Old Bridge, NJ | $46,050,388 | $18,196,179 |
Bristol Glen Inc Neptune, NJ | $77,949,384 | $23,074,416 |
Artman Lutheran Home Ambler, PA | $58,762,001 | $19,567,052 |
New Horizons Inc Farmington, CT | $23,361,586 | $23,057,821 |
Bethlen Home Of The Hungarian Reformed Federation Of America Ligonier, PA | $24,911,659 | $19,095,488 |
Evangelical Services For The Aging Warminster, PA | $46,788,382 | $16,687,453 |
The Pines At Whiting Whiting, NJ | $28,869,676 | $19,824,900 |
Loomis Housing Corporation South Hadley, MA | $99,172,957 | $19,770,909 |
Evangelical Manor Warminster, PA | $21,826,536 | $16,413,421 |
Springpoint Senior Living Inc Wall, NJ | $91,116,877 | $20,222,460 |
Heron Point Of Chestertown Inc Fort Washington, PA | $70,848,712 | $18,371,788 |