Graceworks Lutheran Services
- Assets
- $147.8m
- Revenue
- $63.2m
- Investments
- $0.0
- Employees
- 1,024
- Location
- Dayton, OH
- Founding
- 09/1985
- Data as of
- 12/2023
- EIN
- 31-0540159
Organization Overview
Graceworks Lutheran Services is located in Dayton, OH. The organization was established in 1985. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Graceworks Lutheran Services employed 1,024 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Graceworks Lutheran 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 12/2023, Graceworks Lutheran Services generated $63.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $61.6m during the year ending 12/2023. While expenses have increased by 3.2% per year over the past 9 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP PEOPLE EXPERIENCE DIGNITY & WHOLENESS IN RELATIONSHIP WITH GOD, FAMILY & COMMUNITY.
Describe the Organization's Program Activity:
BETHANY LUTHERAN VILLAGE PROVIDED HEALTH AND RESIDENTIAL SERVICES TO MORE THAN 700 OLDER ADULTS WHO LIVE AT BETHANY VILLAGE (BETHANY), A CONTINUING CARE RETIREMENT COMMUNITY THAT INCLUDES A CHRONIC HEALTH CARE AND SKILLED REHABILITATION FACILITY (LINDEN HOUSE), A MEMORY SUPPORT UNIT (COURTYARD PARK), ASSISTED LIVING FACILITIES (CRESCENT CROSSING AND PAVILION) AND INDEPENDENT LIVING RESIDENCES (VISTA PLACE, HOMESTEAD, PARK RIDGE PLACE, COTTAGES, GRAND COTTAGES AND VILLAS), ALL ON 100 ACRES.THE OUTDOOR PLAZA AT BETHANY VILLAGE WAS COMPLETED AFTER 18 MONTHS OF CONSTRUCTION WITH DAILY USE BY RESIDENTS. ALL 20 NEW CONTEMPORARY 1,200 AND 1,600 SQUARE FOOT VISTA PLACE APARTMENT UNITS REACHED 100% OCCUPANCY. ADDITIONAL VISTA UNITS UNDERWENT RENOVATIONS IN 2023, MODERNIZING TWO 600 SQUARE FEET AND THREE 715 SQUARE FEET APARTMENTS WITH AN OPEN CONCEPT FLOORPLAN THAT THE MARKET IS SEEKING TODAY.BETHANY PROVIDED SHORT-TERM, GOAL-ORIENTED THERAPY AND NURSING CARE TO 698 PEOPLE AT THE BETHANY REHABILITATION CENTER. OVER 70% OF THE PEOPLE SERVED RETURNED TO THEIR PREVIOUS HOMES AFTER RECOVERY.BETHANY PROVIDED OVER $4 MILLION IN UNCOMPENSATED CHARITABLE CARE DURING THE PERIOD. ALL RESIDENTS, REGARDLESS OF ABILITY TO PAY, RECEIVE PRIVATE ROOMS AND HOLISTIC CARE THAT PROVIDES FOR THEIR PHYSICAL, SOCIAL, PSYCHOLOGICAL, EMOTIONAL AND SPIRITUAL NEEDS.VOLUNTEER SERVICES PROVIDED OPPORTUNITIES FOR 740 VOLUNTEERS TO FAITHFULLY SERVE THE NEEDS OF THOSE WHOM WE SERVE THROUGH 29,255 HOURS OF CHARITABLE SERVICES.GRACEWORKS' EMPLOYEE COMMITTEE, BRIDGES, CONTINUES TO INCREASE AWARENESS, CONVERSATION AND EDUCATION ON DEI ISSUES, ADVANCING OUR ORGANIZATIONAL DEI INITIATIVE SINCE 2022. THE EMPLOYEE-LED COMMITTEE EXPLORES OPPORTUNITIES TO PERFORM OUTREACH ACTIVITIES IN THE COMMUNITY, AND PROVIDES OPPORTUNITIES FOR STAFF TO SERVE OTHERS AND TO FULLY INTEGRATE OUR CULTURE OF FAITHFUL CARING. IN 2023, 56 EMPLOYEES PROVIDED 248 HOURS OF VOLUNTEER SERVICE TO LOCAL NONPROFITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas R Petrovic Board - Chair | OfficerTrustee | 4 | $0 |
Mari E Townsend Board - Vice Chair | OfficerTrustee | 3 | $0 |
Dr Eric A High Board - Secretary | OfficerTrustee | 2 | $0 |
Mary G Adams Director | Trustee | 1 | $0 |
Arthur A Astbury Director | Trustee | 1 | $0 |
Mark R Chilson Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alto Health Care Staffing - Cirrus Consu Staffing Services | 12/30/23 | $1,210,442 |
Corna Kokosing Construction Co Construction Services | 12/30/23 | $2,762,581 |
Arcadia Home Care & Staffing Staffing Services | 12/30/23 | $568,571 |
Oberer Thompson Company Construction Services | 12/30/23 | $876,368 |
Sentrics Technology Services | 12/30/23 | $541,177 |
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 | $539,528 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $539,528 |
| Total Program Service Revenue | $61,260,336 |
| Investment income | $1,301,878 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $95,004 |
| Net Gain/Loss on Asset Sales | $9,500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,810 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $63,219,996 |
| 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. | $1,017,197 |
| Compensation of current officers, directors, key employees. | $1,017,197 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,367,574 |
| Pension plan accruals and contributions | $405,301 |
| Other employee benefits | $3,944,278 |
| Payroll taxes | $1,951,740 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $128,895 |
| Fees for services: Accounting | $94,610 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $60,000 |
| Fees for services: Other | $0 |
| Advertising and promotion | $364,812 |
| Office expenses | $173,640 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,213,339 |
| Travel | $218,610 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,503 |
| Interest | $3,944,816 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,414,157 |
| Insurance | $617,209 |
| All other expenses | $2,776,530 |
| Total functional expenses | $61,586,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,896,923 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,217,968 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $173,864 |
| Prepaid expenses and deferred charges | $1,933,413 |
| Net Land, buildings, and equipment | $96,345,880 |
| Investments—publicly traded securities | $35,271,727 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $929,975 |
| Total assets | $147,769,750 |
| Accounts payable and accrued expenses | $6,657,380 |
| Grants payable | $0 |
| Deferred revenue | $34,744,377 |
| Tax-exempt bond liabilities | $78,987,281 |
| Escrow or custodial account liability | $63,332 |
| 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 | $0 |
| Total liabilities | $120,452,370 |
| Net assets without donor restrictions | $27,023,204 |
| Net assets with donor restrictions | $294,176 |
| 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 | $147,769,750 |