Lutheran Homes Of Oconomowoc Inc
- Assets
- $72.7m
- Revenue
- $23.2m
- Investments
- $0.0
- Employees
- 493
- Location
- Oconomowoc, WI
- Founding
- 12/1954
- Data as of
- 12/2020
- EIN
- 39-0845016
Organization Overview
Lutheran Homes Of Oconomowoc Inc is located in Oconomowoc, WI. The organization was established in 1954. 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 12/2021, Lutheran Homes Of Oconomowoc Inc employed 493 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lutheran Homes Of Oconomowoc 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 12/2020, Lutheran Homes Of Oconomowoc Inc generated $23.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $21.5m during the year ending 12/2020. While expenses have increased by 3.3% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
REFLECTING CHRIST'S LOVE, WE PROVIDE HOMES AND RESOURCES FOR SENIORS AS A CONTINUING CARE RETIREMENT COMMUNITY AND PROVIDER OF COMMUNITY BASED SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NURSING HOME CARE: OPERATION OF A SKILLED NURSING FACILITY AND REHABILITATION CENTER. PROVIDED 32,200 DAYS OF SKILLED NURSING SERVICES AND REHABILITATION. MAJORITY OF MEDICARE CLIENTS REHAB AND RETURN HOME TO THE COMMUNITY.
PROVIDE INDEPENDENT LIVING ACCOMMODATIONS FOR SENIORS THROUGH 141 UNITS ACROSS A FULL RANGE OF APARTMENT SIZES AND COSTS.
PROVIDE ASSISTED LIVING HOUSING AND SERVICES TO INDIVIDUALS ON AN A LA CARTE BASIS IN ORDER TO PRESERVE INDEPENDENCE AND CONSERVE THE RESIDENTS' ASSETS.
PROVIDE COMMUNITY OUTREACH PROGRAMS THROUGH OUR LIFE ENRICHMENT CENTER.PROVIDE IN HOME ASSISTANCE FOR CLIENTS WHO WISH TO REMAIN IN THEIR HOMES. PROVIDE HOUSING AND SERVICES TO INDIVIDUALS WITHIN A LICENSED CBRF FOR MEMORY IMPAIRED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dale Dahlke CEO | Officer | 38 | $227,174 |
Joan Birr CFO | Officer | 38 | $186,725 |
Bryan Polinske COO | 40 | $137,927 | |
Barbara Dehnert Director Of Food Services | 40 | $115,972 | |
Carolyn Clauter Director Of Human Resources | 35 | $114,392 | |
Atty Mary Lee Ratzel Chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Prohealth Care Medical Associates Inc Therapy Services | 12/30/21 | $460,065 |
Oliver Construction Co Construction Services | 12/30/21 | $438,236 |
Bandbox Cleaners Laundry Services | 12/30/21 | $181,649 |
Parasol Alliance It Services | 12/30/21 | $121,084 |
Thrifty White Pharmacy Services | 12/30/21 | $118,797 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $977,599 |
| All other contributions, gifts, grants, and similar amounts not included above | $55,954 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,033,553 |
| Total Program Service Revenue | $21,842,360 |
| Investment income | $135,917 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $32,617 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,166,949 |
| 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. | $424,269 |
| Compensation of current officers, directors, key employees. | $424,269 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,651,965 |
| Pension plan accruals and contributions | $283,541 |
| Other employee benefits | $1,715,211 |
| Payroll taxes | $802,567 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,277 |
| Fees for services: Accounting | $40,526 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,138 |
| Fees for services: Other | $465,873 |
| Advertising and promotion | $59,085 |
| Office expenses | $806,460 |
| Information technology | $200,795 |
| Royalties | $0 |
| Occupancy | $759,438 |
| Travel | $164 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $223,845 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,156,788 |
| Insurance | $158,408 |
| All other expenses | $248,073 |
| Total functional expenses | $21,544,422 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,532,293 |
| Pledges and grants receivable | $24,596 |
| Accounts receivable, net | $313,060 |
| 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 | $86,832 |
| Net Land, buildings, and equipment | $52,086,336 |
| Investments—publicly traded securities | $6,632,992 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $72,676,109 |
| Accounts payable and accrued expenses | $1,811,094 |
| Grants payable | $0 |
| Deferred revenue | $1,109,668 |
| Tax-exempt bond liabilities | $3,973,288 |
| Escrow or custodial account liability | $4,851 |
| 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 | $25,133,905 |
| Total liabilities | $32,032,806 |
| Net assets without donor restrictions | $40,643,303 |
| 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 | $72,676,109 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lutheran Homes Of Oconomowoc Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Debbink Family Foundation Inc Oconomowoc, WI PURPOSE: ANNUAL APPEAL | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lutheran Home For The Aged Arlington Heights, IL | $131,494,614 | $46,009,976 |
United Methodist Retirement Communities Inc Chelsea, MI | $156,901,085 | $36,318,347 |
Michigan Masonic Home Alma, MI | $52,789,973 | $43,622,202 |
Henry Ford Village Inc Dearborn, MI | $17,115,339 | $84,991,852 |
Lindengrove Inc Brookfield, WI | $53,159,981 | $37,652,858 |
Benevolent Corporation Cedar Community West Bend, WI | $115,395,812 | $41,115,280 |
Volunteers Of America Care Facilities Eden Prairie, MN | $34,098,364 | $41,433,516 |
Valley Senior Services Alliance Roseville, MN | $92,212,429 | $35,168,419 |
Saint Therese Of New Hope St Louis Park, MN | $31,804,224 | $36,427,083 |
Porter Hills Presbyterian Village Inc Grand Rapids, MI | $106,049,937 | $39,306,850 |
The Mather Evanston Evanston, IL | $197,036,841 | $28,903,935 |
Covenant Health Care Center Inc Northbrook, IL | $80,834,072 | $35,580,141 |