Lutheran Home For The Aged
- Assets
- $131.5m
- Revenue
- $46.0m
- Investments
- $134.3k
- Employees
- 641
- Location
- Arlington Heights, IL
- Founding
- 10/1942
- Data as of
- 06/2021
- EIN
- 36-2192824
Organization Overview
Lutheran Home For The Aged is located in Arlington Heights, IL. The organization was established in 1942. 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 06/2021, Lutheran Home For The Aged employed 641 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lutheran Home For The Aged 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 06/2021, Lutheran Home For The Aged generated $46.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $45.5m during the year ending 06/2021. 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
SEE SCHEDULE O FOR ORGANIZATION MISSION STATEMENT. EMPOWERING VIBRANT GRACE FILLED LIVING ACROSS ALL GENERATIONS. PROVIDING RESIDENTIAL AND HEALTH CARE SERVICES TO SENIORS INCLUDING BENEVOLENT CARE TO THOSE WHO HAVE EXHAUSTED THEIR FINANCIAL FUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT AND OPERATION OF 376 SKILLED NURSING UNITS AND 100 ASSISTED LIVING BEDS FOR SENIORS. PROVIDING RESIDENTIAL AND HEALTH CARE SERVICES TO SENIORS INCLUDING BENEVOLENT CARE TO THOSE WHO HAVE EXHAUSTED THEIR FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Kazmierczak Executive Director (until 3/3/21) | 37.5 | $198,088 | |
Sarah Kurth Administrator | 37.5 | $179,824 | |
Angela Zamora Corporate Dir. Of Culinary Serv. | 37.5 | $131,562 | |
Jennifer Mckown Director Of Nursing (until 4/1/21) | 37.5 | $124,639 | |
Kelly Stegall Hr Director (until 4/7/21) | 37.5 | $115,471 | |
Michael Renetzky Chair/interim CEO (until 9/14/20) | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Family's Angel Home Care Services Inc Home Care Services | 6/29/21 | $239,371 |
Chuhak & Tecson Pc Legal | 6/29/21 | $461,420 |
Greatcall Inc Senior Cell Phones And Medical Alert Dev | 6/29/21 | $199,397 |
Select Rehabilitation Therapy Services | 6/29/21 | $3,590,488 |
Brightview Landscapes Llc Landscaping | 6/29/21 | $204,284 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $234,148 |
| Government grants | $2,247,832 |
| 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 | $2,481,980 |
| Total Program Service Revenue | $42,945,907 |
| Investment income | $111,148 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $88,571 |
| 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 | $46,009,976 |
| 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 | $18,636,521 |
| Pension plan accruals and contributions | $215,303 |
| Other employee benefits | $2,219,794 |
| Payroll taxes | $1,332,838 |
| Fees for services: Management | $3,538,874 |
| Fees for services: Legal | $235,518 |
| Fees for services: Accounting | $37,035 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,981,974 |
| Advertising and promotion | $303,171 |
| Office expenses | $481,171 |
| Information technology | $152,427 |
| Royalties | $0 |
| Occupancy | $1,525,062 |
| Travel | $23,634 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $936 |
| Interest | $4,536,523 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,007,348 |
| Insurance | $1,692,148 |
| All other expenses | $89,632 |
| Total functional expenses | $45,479,261 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,714,468 |
| Savings and temporary cash investments | $3,743,428 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,049,277 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,679,183 |
| Inventories for sale or use | $166,709 |
| Prepaid expenses and deferred charges | $1,503,286 |
| Net Land, buildings, and equipment | $75,147,525 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $134,340 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,356,398 |
| Total assets | $131,494,614 |
| Accounts payable and accrued expenses | $4,744,707 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $94,034,762 |
| Escrow or custodial account liability | $2,328,636 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $9,177,876 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,223,932 |
| Total liabilities | $111,509,913 |
| Net assets without donor restrictions | $19,984,701 |
| 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 | $131,494,614 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lutheran Home For The Aged has recieved totaling $227,396.
| Awarding Organization | Amount |
|---|---|
Lutheran Life Communities Foundation Arlington Heights, IL PURPOSE: BENEVOLENT CARE | $227,396 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Franciscan Communities Inc Lemont, IL | $256,975,349 | $105,555,316 |
Wesley Retirement Services Inc Johnston, IA | $293,962,808 | $95,958,203 |
John Knox Village Lees Summit, MO | $177,748,432 | $73,269,206 |
Bhi Senior Living Inc Indianapolis, IN | $339,336,234 | $58,133,040 |
Evangelical Retirement Homes Of Greater Chicago Inc Schaumburg, IL | $118,730,594 | $50,606,372 |
Northwest Senior Housing Corporation West Des Moines, IA | $270,336,764 | $32,213,860 |
Friendship Village Of South County St Louis, MO | $305,494,367 | $44,131,100 |
Westminster Place Skokie, IL | $182,178,492 | $52,629,368 |
Council For Jewish Elderly Chicago, IL | $47,075,141 | $58,056,888 |
Lutheran Home For The Aged Arlington Heights, IL | $131,494,614 | $46,009,976 |
Masonic Homes Of Kentucky Inc Masonic Home, KY | $92,700,057 | $43,584,418 |
Lindengrove Inc Brookfield, WI | $53,159,981 | $37,652,858 |