Lutheran Homes & Health Services Foundation Inc
- Assets
- $819.9k
- Revenue
- $107.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Watertown, WI
- Founding
- 10/1984
- Data as of
- 12/2021
- EIN
- 39-1466308
Organization Overview
Lutheran Homes & Health Services Foundation Inc is located in Watertown, WI. The organization was established in 1984. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lutheran Homes & Health Services Foundation 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 12/2021, Lutheran Homes & Health Services Foundation Inc generated $107.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $54.8k during the year ending 12/2021. While expenses have increased by 2.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE LUTHERAN HOMES AND HEALTH SERVICES FOUNDATION, AS A SUPPORTIVE ARM OF LUTHERAN HOMES AND HEALTH SERVICES, PROVIDES A CHRISTIAN-BASED INNOVATIVE APPROACH TO AGING THROUGH COMPREHENSIVE SERVICES, PROGRAMS, AND COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECEIVE GIFTS AND BEQUESTS, ADMINISTER AND INVEST FUNDS AND DISBURSE FUNDS TO AND ON BEHALF OF LUTHERAN HOMES AND HEALTH SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karl Pennau MD Chair | OfficerTrustee | 0.5 | $0 |
Debra Heller Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Billy Mauthe Board Member | Trustee | 0.5 | $0 |
Ryan Thorpe Board Member | Trustee | 0.5 | $0 |
Bonnie Baerwald Board Member | Trustee | 0.5 | $0 |
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 | $53,033 |
| Noncash contributions included in lines 1a–1f | $21,838 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,033 |
| Total Program Service Revenue | $0 |
| Investment income | $7,630 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $47,205 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $107,868 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $9,050 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,385 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,801 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,829 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $695 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $54,782 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,146 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $695 |
| Investments—publicly traded securities | $776,080 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $819,921 |
| Accounts payable and accrued expenses | $1,565 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $57,970 |
| Total liabilities | $59,535 |
| Net assets without donor restrictions | $507,254 |
| Net assets with donor restrictions | $253,132 |
| 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 | $819,921 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lutheran Homes & Health Services Foundation Inc has recieved totaling $13.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $13 |
Endowment Analysis
| Beg. Balance | $155,080 |
| Earnings | $23,553 |
| Ending Balance | $178,633 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mount Olivet Home Minneapolis, MN | $14,203,856 | $10,469,353 |
Apostolic Christian Home Peoria, IL | $13,378,426 | $10,165,137 |
Christian Home And Rehabilitation Center Inc Waupun, WI | $28,972,064 | $5,970,205 |
Bethel Home Inc Oshkosh, WI | $6,892,854 | $10,385,483 |
Evangelical Retirement Homes Inc Edina, MN | $16,494,150 | $10,166,714 |
Little Sisters Of The Poor Chicago Inc Chicago, IL | $8,092,895 | $10,195,607 |
St Marks Lutheran Home Austin, MN | $10,818,407 | $9,006,197 |
Little Sisters Of The Poor Of St Paul St Paul, MN | $11,125,727 | $9,070,250 |
Luther Haven Montevideo, MN | $5,663,230 | $7,589,536 |
Community Choices Inc Redford, MI | $848,088 | $6,961,985 |
Three Crowns Park Evanston, IL | $96,598,789 | $5,563,267 |
Area Residential Care Inc Dubuque, IA | $15,427,192 | $9,599,423 |