Lutheran Homes Foundation
- Assets
- $10.8m
- Revenue
- $160.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Clinton, NY
- Founding
- 02/2016
- Data as of
- 12/2021
- EIN
- 16-1181550
Organization Overview
Lutheran Homes Foundation is located in Clinton, NY. The organization was established in 2016. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lutheran Homes Foundation 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 Homes Foundation generated $160.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $233.1k 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
RAISE FUNDS TO BENEFIT RELATED ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION RAISES FUNDS TO BENEFIT THE AGING AND HANDICAPPED. THESE FUNDS ARE GIVEN TO RELATED 501(C)(3) ORGANIZATIONS TO FURTHER THEIR SERVICES FOR AGED AND HANDICAPPED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert G Goering President | OfficerTrustee | 0.2 | $0 |
Gregory May Vice President | OfficerTrustee | 0.2 | $0 |
Ferris J Betrus Jr Treasurer | OfficerTrustee | 0.2 | $0 |
Lillian G White Secretary | OfficerTrustee | 0.2 | $0 |
Cynthia Pohl CFO | Officer | 1 | $0 |
Michael Sweeney Former CEO | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,662 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,662 |
| Total Program Service Revenue | $0 |
| Investment income | $43,776 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $84,658 |
| Net Income from Fundraising Events | $4,304 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $160,400 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,720 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,342 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $205,908 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,338 |
| All other expenses | $0 |
| Total functional expenses | $233,068 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,810 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,211 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,607 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,272,073 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,431,970 |
| Total assets | $10,783,671 |
| Accounts payable and accrued expenses | $6,841 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,829,405 |
| Total liabilities | $8,836,246 |
| Net assets without donor restrictions | $1,418,820 |
| Net assets with donor restrictions | $528,605 |
| 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 | $10,783,671 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lutheran Homes Foundation has recieved totaling $50.
| Awarding Organization | Amount |
|---|---|
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $50 |
Endowment Analysis
| Beg. Balance | $512,940 |
| Earnings | $75,043 |
| Other Expense | $13,889 |
| Ending Balance | $574,094 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seabrook Village Inc Tinton Falls, NJ | $317,428,948 | $63,950,386 |
Spiritrust Lutheran York, PA | $151,346,375 | $71,838,005 |
Humangood Pennsylvania Lafayette Hill, PA | $322,351,436 | $66,729,303 |
Newbridge On The Charles Inc Boston, MA | $302,355,064 | $54,466,975 |
Menno-Haven Inc Chambersburg, PA | $224,712,119 | $60,604,024 |
Kendal-Crosslands Communities Kennett Square, PA | $254,475,918 | $64,274,930 |
Old Colony Elder Services Inc Brockton, MA | $21,708,151 | $57,499,133 |
United Church Of Christ Homes Camp Hill, PA | $133,046,183 | $59,846,484 |
Masonicare Health Center Wallingford, CT | $30,328,856 | $51,314,223 |
Trustees Of The Masonic Hall And Asylum Fund New York, NY | $379,711,052 | $51,080,560 |
Concordia Lutheran Health And Human Care Cabot, PA | $105,474,184 | $66,315,819 |
Institute For Senior Living Of Florida Inc Bala Cynwyd, PA | $18,781,987 | $50,054,226 |