Luke Inc
- Assets
- $244.4m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Collierville, TN
- Founding
- 07/2006
- Data as of
- 12/2021
- EIN
- 20-3524338
Organization Overview
Luke Inc is located in Collierville, TN. The organization was established in 2006. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Luke 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, Luke Inc generated $1.4m in total revenue. All expenses for the organization totaled $5.4m during the year ending 12/2021. While expenses have increased by 22.6% 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
LUKE, INC. IS A CONTINUING CARE RETIREMENT COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDEPENDENT LIVING IN APARTMENTS AND GARDEN HOMES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Mcgaughey Vice President | OfficerTrustee | 1 | $0 |
Dr James Latimer Chairman/director | OfficerTrustee | 1 | $0 |
Berry Terry Secretary/treasurer | Officer | 1 | $0 |
Rudolf W Herzke President | Officer | 1 | $0 |
Cindy Cox Director | Trustee | 1 | $0 |
Cindy Reeves Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Linkous Construction Co Inc General Contractor--apartments | 12/30/21 | $62,736,895 |
Je Allen Company Owner Direct Purchase | 12/30/21 | $2,279,578 |
Electric & Communications Supply Co In Owner Direct Purchase | 12/30/21 | $2,046,530 |
Stewart Bros Hardware Owner Direct Purchase | 12/30/21 | $1,617,375 |
Pro Tec Professional Technologies Inc Access Control And Low Voltage Cabling | 12/30/21 | $1,346,659 |
View All Vendors
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,350,759 |
| Investment income | $17,663 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,368,129 |
| 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 | $314,025 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $160,861 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,374,953 |
| Advertising and promotion | $659,834 |
| Office expenses | $68,636 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $49,845 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $501,238 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $446,991 |
| Insurance | $0 |
| All other expenses | $36,895 |
| Total functional expenses | $5,353,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,666,547 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $90,646 |
| 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 | $29,717 |
| Net Land, buildings, and equipment | $89,255,751 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $151,312,480 |
| Total assets | $244,355,141 |
| Accounts payable and accrued expenses | $11,932,318 |
| Grants payable | $0 |
| Deferred revenue | $93,091 |
| 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 | $2,327,954 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $247,440,331 |
| Total liabilities | $261,793,694 |
| Net assets without donor restrictions | -$17,438,553 |
| Net assets with donor restrictions | $0 |
| 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 | $244,355,141 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Masonic Home Independent Living Ii Inc Masonic Home, KY | $142,516,912 | $16,410,935 |
The Glebe Inc Glen Allen, VA | $79,347,451 | $20,057,701 |
Cypress Of Charlotte Club Inc Charlotte, NC | $4,602,507 | $19,033,502 |
Lavender Mountain Senior Living Inc Mount Berry, GA | $141,195,331 | $5,176,789 |
Lewis Memorial Christian Village St Louis, MO | $48,381,888 | $18,539,239 |
Alliance Foundation Of Florida Inc Fairfax, VA | $3,980,019 | $2,209,632 |
Skidaway Health And Living Services Inc Savannah, GA | $89,340,251 | $17,567,308 |
Lake Prince Center Inc Newton, NC | $22,105,583 | $13,762,352 |
Bethesda Senior Living Inc St Louis, MO | $51,618,462 | $21,887,696 |
St George Village-Catholic Community Retirement Center Roswell, GA | $71,436,640 | $13,654,810 |
Wesley Homes Inc Atlanta, GA | $20,385,914 | $13,715,520 |
Ascension Living St Josephs Place St Louis, MO | $4,321,699 | $10,048,522 |