Lutheran Housing Services Number 5incorporated

Organization Overview

Lutheran Housing Services Number 5incorporated, operating under the name Luther Meadow, is located in Toledo, OH. The organization was established in 1980. 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. As of 12/2021, Luther Meadow employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Luther Meadow 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, Luther Meadow generated $533.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $493.6k during the year ending 12/2021. While expenses have increased by 2.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE HOUSING FOR LOW INCOME ELDERLY & HANDICAPPED.

Describe the Organization's Program Activity:

Part 3 - Line 4a

45 UNITS OF RENTAL HOUSING FOR LOW INCOME ELDERLY UNDER HUD SECTION 202 & SECTION 8 PER OUR MISSION STATEMENT AS FOLLOWS: INSPIRED BY THE CHRISTIAN FAITH, WE EMBRACE INDIVIDUALS AND FAMILIES WITH COMPASSIONATE CARE AND SERVICES THROUGHOUT LIFE'S JOURNEY.


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Board, Officers & Key Employees

Name (title)Compensation
Daniel Wakeman
Vice-Chair
$0
Lee Wunschel
Chair
$0
Lynn Warren
Secretary
$0
William R Marshall
Prsident/ceo
$0
Lorinda Schalk
Treasurer/cf
$0
Michael Bogdan
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,939
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$1,939
Total Program Service Revenue$527,614
Investment income $397
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$12
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $533,253

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