Lutheran Homes Of Oconomowoc Inc
- Assets
- $79.1m
- Revenue
- $25.6m
- Investments
- $0.0
- Employees
- 512
- Location
- Oconomowoc, WI
- Founding
- 12/1954
- Data as of
- 12/2023
- 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 12/2023, Lutheran Homes Of Oconomowoc Inc employed 512 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 12/2023, Lutheran Homes Of Oconomowoc Inc generated $25.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $23.9m during the year ending 12/2023. While expenses have increased by 3.8% per year over the past 8 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
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:
NURSING HOME CARE: OPERATION OF A SKILLED NURSING FACILITY AND REHABILITATION CENTER. PROVIDED 29,003 DAYS OF SKILLED NURSING SERVICES AND REHABILITATION. THE 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phil Holland Chair | OfficerTrustee | 2 | $0 |
Atty Mary Lee Ratzel Past Chair | OfficerTrustee | 2 | $0 |
Norman Eckstaedt Vice Chair | OfficerTrustee | 2 | $0 |
Bill Lentz Treasurer | OfficerTrustee | 2 | $0 |
Karen Jensen Secretary (thru Oct 2023) | OfficerTrustee | 2 | $0 |
Mary Jo O'malley Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hoffman Planning Design And Const Construction Services | 12/30/23 | $1,606,305 |
4 Design Llc Design Services | 12/30/23 | $651,160 |
Prohealth Care Medical Associates Inc Therapy Services | 12/30/23 | $436,706 |
Bandbox Cleaners Laundry Services | 12/30/23 | $200,649 |
Twomagnets Nursing Services | 12/30/23 | $153,207 |
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 | $80,122 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $80,122 |
| Total Program Service Revenue | $24,464,891 |
| Investment income | $722,874 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,667 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,592,619 |
| 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. | $483,789 |
| Compensation of current officers, directors, key employees. | $483,789 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,792,149 |
| Pension plan accruals and contributions | $304,388 |
| Other employee benefits | $1,837,543 |
| Payroll taxes | $908,500 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,150 |
| Fees for services: Accounting | $109,914 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,392 |
| Fees for services: Other | $725,891 |
| Advertising and promotion | $35,990 |
| Office expenses | $776,575 |
| Information technology | $106,109 |
| Royalties | $0 |
| Occupancy | $983,953 |
| Travel | $20,392 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,003,348 |
| Insurance | $204,168 |
| All other expenses | $723,276 |
| Total functional expenses | $23,907,495 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,398,923 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $539,470 |
| 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 | $100,786 |
| Net Land, buildings, and equipment | $48,137,190 |
| Investments—publicly traded securities | $21,830,368 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $130,743 |
| Total assets | $79,137,480 |
| Accounts payable and accrued expenses | $1,639,207 |
| Grants payable | $0 |
| Deferred revenue | $1,060,440 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $4,368 |
| 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 | $28,696,167 |
| Total liabilities | $31,400,182 |
| Net assets without donor restrictions | $47,737,298 |
| 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 | $79,137,480 |