Lutheran Homes Inc
- Assets
- $60.3m
- Revenue
- $39.2m
- Investments
- $0.0
- Employees
- 817
- Location
- Fort Wayne, IN
- Founding
- 03/1949
- Data as of
- 12/2022
- EIN
- 35-0885590
Organization Overview
Lutheran Homes Inc is located in Fort Wayne, IN. The organization was established in 1949. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2022, Lutheran Homes Inc employed 817 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lutheran Homes 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 12/2022, Lutheran Homes Inc generated $39.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 26.1% each year . All expenses for the organization totaled $39.5m during the year ending 12/2022. While expenses have increased by 25.4% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
AS AN EXPRESSION OF CHRIST'S LOVE, WE SERVE INDIVIDUALS AND THEIR CAREGIVERS WITH COMPASSION AND RESPECT FOR INDEPENDENCE, WELLNESS, AND SPIRITUAL LIFE.
Describe the Organization's Program Activity:
LUTHERAN LIFE VILLAGES' GOAL IS TO PROVIDE HOUSING AND CARE FOR THE ELDERLY THAT IS BEST SUITED TO FIT THEIR INDIVIDUAL NEEDS. THROUGH THIS HOLISTIC APPROACH, RESIDENTS ARE ENABLED TO FUNCTION AT THEIR HIGHEST POTENTIAL ACROSS MULTIPLE LEVELS OF THE CARE CONTINUUM.
LUTHERAN LIFE VILLAGES SPONSORS THE FOSTER GRANDPARENTS PROGRAM, PART OF SENIOR CORP AND THE CORPORATION FOR NATIONAL AND COMMUNITY SERVICE. ADULTS 55 AND OLDER SHARE THEIR EXPERIENCE AND COMPASSION. EACH FOSTER GRANDPARENT IS A ROLE MODEL, MENTOR, AND A FRIEND. SERVING AT ONE OF MANY LOCAL ORGANIZATIONS - INCLUDING FAITH-BASED GROUPS, HEAD START CENTERS, SCHOOLS, AND OTHER YOUTH FACILITIES - GRANDPARENTS HELP CHILDREN LEARN TO READ, PROVIDE ONE-ON-ONE TUTORING, AND GUIDE CHILDREN AT A CRITICAL TIME IN THEIR LIVES.
LUTHERAN LIFE VILLAGES HAS PARTNERED WITH LUTHERAN SOCIAL SERVICES OF INDIANA TO SUPPORT CHILDREN'S VILLAGE. THIS INNOVATIVE, INTER-GENERATIONAL PROGRAMMING DISTINGUISHES LUTHERAN LIFE VILLAGES FROM OTHER SENIOR LIVING PROVIDERS AND PLAYS A KEY ROLE IN THE WELLNESS STRATEGY. THE ONSITE CHILDREN'S VILLAGE EARLY LEARNING CENTER AND THE VOLUNTEER OPPORTUNITIES PROVIDED BY THE CENTER HAVE BEEN ENRICHING THE LIVES OF RESIDENTS SINCE 2016.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexander Kiefer President & CEO | Officer | 50 | $232,590 |
Kelly Borror Chief Operations Officer | 50 | $178,430 | |
Donna Scanlon Chief Financial Officer | Officer | 50 | $171,864 |
Tricia Neary VP Of Marketing & Development | 50 | $166,276 | |
Regina Mooney Nurse | 58 | $136,068 | |
Sadie Fenstermaker Administrator | 50 | $132,022 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Davis Harrison Dion Marketing & Advertis | 12/30/22 | $294,432 |
Corsica Technologies It Support | 12/30/22 | $468,103 |
Star Homes Inc Construction | 12/30/22 | $591,473 |
Current Mechanical Hvac | 12/30/22 | $259,031 |
Taft Stettinius Hollister Llp Legal & Professional | 12/30/22 | $270,629 |
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 | $824,709 |
| Noncash contributions included in lines 1a–1f | $1,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $824,709 |
| Total Program Service Revenue | $37,990,863 |
| Investment income | $156,609 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,418 |
| Net Gain/Loss on Asset Sales | $212,858 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,194,457 |
| 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. | $429,968 |
| Compensation of current officers, directors, key employees. | $429,968 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,135,582 |
| Pension plan accruals and contributions | $69,632 |
| Other employee benefits | $2,085,035 |
| Payroll taxes | $1,574,759 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $373,238 |
| Fees for services: Accounting | $148,540 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,964 |
| Fees for services: Other | $2,486,963 |
| Advertising and promotion | $398,929 |
| Office expenses | $572,188 |
| Information technology | $785,263 |
| Royalties | $0 |
| Occupancy | $1,698,797 |
| Travel | $92,993 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $78,398 |
| Interest | $1,063,120 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,417,867 |
| Insurance | $573,884 |
| All other expenses | $0 |
| Total functional expenses | $39,505,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,310 |
| Savings and temporary cash investments | $10,999,291 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,808,210 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $57,227 |
| Prepaid expenses and deferred charges | $206,134 |
| Net Land, buildings, and equipment | $32,378,445 |
| Investments—publicly traded securities | $9,768,398 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,128,467 |
| Total assets | $60,349,482 |
| Accounts payable and accrued expenses | $4,270,304 |
| 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 | $20,088,368 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,387,437 |
| Total liabilities | $38,746,109 |
| Net assets without donor restrictions | $15,681,026 |
| Net assets with donor restrictions | $5,922,347 |
| 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 | $60,349,482 |