National Lutheran Home For The Aged Incorporated
- Assets
- $92.0m
- Revenue
- $2.0m
- Investments
- $1.9m
- Employees
- 0
- Location
- Frederick, MD
- Founding
- 04/2011
- Data as of
- 12/2021
- EIN
- 26-2222476
Organization Overview
National Lutheran Home For The Aged Incorporated, operating under the name National Lutheran Communities & Services, is located in Frederick, MD. The organization was established in 2011. According to its NTEE Classification (L12) the organization is classified as: Fund Raising & Fund Distribution, 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. National Lutheran Communities & Services 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, National Lutheran Communities & Services generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (20.9%) each year. All expenses for the organization totaled $273.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (41.2%) per year over the past 7 years. 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
TO SERVE AS A SUPPORTING ORGANIZATION TO NATIONAL LUTHERAN COMMUNITIES & SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SERVES AS A SUPPORTING ORGANIZATION TO ITS AFFILIATES PROVIDING FINANCIAL SUPPORT TO ITS TWO CONTINUING CARE RETIREMENT COMMUNITIES AND ONE DUAL-CERTIFIED RESIDENTIAL CARE/ASSISTED LIVING FACILITY. THE FACILITIES PROVIDE SENIORS WITH HOUSING, MEDICAL ATTENTION, AND ANY SERVICES THAT PROMOTE GOOD EMOTIONAL AND PHYSICAL HEALTH IN A CHRISTIAN ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence R Bradshaw President/ceo | OfficerTrustee | 10 | $0 |
Donna Duss Chair | OfficerTrustee | 1 | $0 |
Rev John Wertz Jr Vice Chair | OfficerTrustee | 1 | $0 |
Cornell P Abod Treasurer/secretary | OfficerTrustee | 1 | $0 |
Lisa Behr Immediate Past Chair | OfficerTrustee | 1 | $0 |
Cynthia Walters President/ceo | OfficerTrustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morgan Stanley Investment Mgt. Svc. | 12/30/18 | $173,094 |
Hamlin Capital Management Investment Mgt. Svc. | 12/30/18 | $168,936 |
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 | $0 |
| Investment income | $913,262 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,081,241 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,994,503 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $273,200 |
| Fees for services: Other | $0 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $273,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $23,289,059 |
| Investments—other securities | $1,858,181 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $66,828,090 |
| Total assets | $91,975,330 |
| Accounts payable and accrued expenses | $45,000 |
| 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 | $7,194,363 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,239,363 |
| Net assets without donor restrictions | $84,735,967 |
| 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 | $91,975,330 |
Grants Awarded
Over the last fiscal year, National Lutheran Home For The Aged Incorporated has awarded $202,500 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
Toms Brook, VA PURPOSE: SUPPORT FAITH COMMUNITY NURSING PROGRAM | $20,000 |
COLONIAL HERITAGE COMMUNITY FOUNDATION PURPOSE: SUPPORT OF THE INNOVATIVE SENIOR CHAMPION PROGRAM | $17,500 |
Washington, DC PURPOSE: SUPPORT FOOD INSECURITY AMONG OLDER ADULTS | $15,000 |
Gaithersburg, MD PURPOSE: SUPPORT ADULT DAY SERVICE PROGRAMS | $15,000 |
Wilmington, DE PURPOSE: HOME REPAIRS FOR LOW-INCOME SENIORS | $15,000 |
Richmond, VA PURPOSE: ENHANCE CHAPLAINCY SERVICES FOR PROJECT ELDER CARE | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Enterprise Community Investment Inc Columbia, MD | $513,664,307 | $100,404,144 |
Washington Area Community Investment Fund Inc Washington, DC | $14,906,500 | $7,620,930 |
Brethren Home Foundation New Oxford, PA | $93,081,765 | $10,604,405 |
Community Lenders Community Development Corporation Souderton, PA | $50,531,502 | $2,129,949 |
St Josephs Villa Foundation Richmond, VA | $27,697,790 | $1,723,000 |
Friends Of The Light House Shelter Inc Annapolis, MD | $129,412 | $360,459 |
National Lutheran Home For The Aged Incorporated Frederick, MD | $91,975,330 | $1,994,503 |
Faithworks Inc Winchester, VA | $18,501 | $230,860 |
Luther Foundation Of Southern Chester County Inc Unionville, PA | $1,419,392 | $238,986 |
Danville Lions Foundation Inc Danville, VA | $3,088 | $202,004 |
The Donorsee Foundation Fairfax Station, VA | $2,756 | $0 |
Arkadia Triangle Fund Warminster, PA | $6,264 | $44,077 |