The Lutheran Home At Kane
- Assets
- $10.2m
- Revenue
- $10.1m
- Investments
- $0.0
- Employees
- 187
- Location
- Kane, PA
- Founding
- 04/1988
- Data as of
- 12/2023
- EIN
- 25-1158827
Organization Overview
The Lutheran Home At Kane is located in Kane, PA. The organization was established in 1988. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2023, Lutheran Home At Kane employed 187 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Lutheran Home At Kane 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 12/2023, Lutheran Home At Kane generated $10.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $9.0m during the year ending 12/2023. While expenses have increased by 1.3% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SKILLED NURSING AND PERSONAL CARE TO THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LUTHERAN HOME AT KANE IS A NON-PROFIT ORGANIZATION COMMITTED TO PROVIDING QUALITY SKILLED NURSING CARE TO THE RESIDENTS OF THE REGION. WE OFFER A WIDE RANGE OF SERVICES FOR THE ELDERLY TO ASSIST THEM THROUGH THE AGING PROCESS. WE ARE DEVOTED TO MEETING OUR RESIDENTS' PHYSICAL, SOCIAL, EMOTIONAL, INTELLECTUAL, AND SPIRITUAL NEEDS IN A HOME-LIKE SETTING. WE HAD A TOTAL OF 37,663 RESIDENT DAYS IN 2023 FROM THIS RURAL COMMUNITY THROUGH SKILLED NURSING, PERSONAL CARE AND INDEPENDENT LIVING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bishop Michael L Loranzo Director | Trustee | 1 | $0 |
Barry Johnson Director | Trustee | 1 | $0 |
Carol Lundgren Vice Chair | OfficerTrustee | 1 | $0 |
John Kersey Treasurer | OfficerTrustee | 1 | $0 |
Kathryn Smith Director | Trustee | 1 | $0 |
Matthew Benson Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Advantage Care Rehabilitation Therapy | 12/30/22 | $3,205,414 |
Glc On-the-go Inc Agency Nursing | 12/30/22 | $107,258 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $41,720 |
| Government grants | $176,558 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $49 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $218,278 |
| Total Program Service Revenue | $9,840,612 |
| Investment income | $39,750 |
| 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 | $10,098,640 |
| 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. | $142,310 |
| Compensation of current officers, directors, key employees. | $142,310 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,650,581 |
| Pension plan accruals and contributions | $90,059 |
| Other employee benefits | $610,093 |
| Payroll taxes | $366,877 |
| Fees for services: Management | $9,891 |
| Fees for services: Legal | $48,575 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,000 |
| Fees for services: Other | $1,536,461 |
| Advertising and promotion | $1,769 |
| Office expenses | $197,219 |
| Information technology | $1,734 |
| Royalties | $0 |
| Occupancy | $343,145 |
| Travel | $8,649 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,949 |
| Interest | $1,317 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $170,005 |
| Insurance | $116,256 |
| All other expenses | $0 |
| Total functional expenses | $9,045,359 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,288,655 |
| Savings and temporary cash investments | $4,140,996 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $748,897 |
| 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 | $192,880 |
| Net Land, buildings, and equipment | $1,557,055 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,279,651 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,208,134 |
| Accounts payable and accrued expenses | $570,033 |
| Grants payable | $0 |
| Deferred revenue | $34,969 |
| 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 | $17,792 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $61,581 |
| Total liabilities | $684,375 |
| Net assets without donor restrictions | $9,523,759 |
| 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 | $10,208,134 |