Lutheran Home Foundation Inc
- Assets
- $14.6m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Wauwatosa, WI
- Founding
- 06/1984
- Data as of
- 12/2021
- EIN
- 39-1478794
Organization Overview
Lutheran Home Foundation Inc is located in Wauwatosa, WI. The organization was established in 1984. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lutheran Home 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 Home Foundation Inc generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (27.5%) each year. All expenses for the organization totaled $719.3k during the year ending 12/2021. 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
THE LUTHERAN HOME FOUNDATION, INC. IS A NONPROFIT ORGANIZATION THAT RAISES, STEWARDS AND DISTRIBUTES FUNDS TO SUSTAIN AND ADVANCE THE CHRISTIAN MISSION OF THE LUTHERAN HOME, INC. AND HARWOOD PLACE, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF THE LUTHERAN HOME, INC. - DURING THE YEAR, THE LUTHERAN HOME FOUNDATION, INC. MADE DONATIONS TO THE LUTHERAN HOME, INC. FOR RESTRICTED CONTRIBUTIONS DESIGNATED FOR LUTHERAN HOME USE.
SCHOLARSHIPS - THE PURPOSE IS TO PROVIDE CONTINUING EDUCATION TO THE EMPLOYEES OF THE LUTHERAN HOME, INC. AND HARWOOD PLACE, INC.
SUPPORT OF HARWOOD PLACE, INC. - THE LUTHERAN HOME FOUNDATION, INC. MAKES DONATIONS TO HARWOOD PLACE, INC. FOR RESTRICTED CONTRIBUTIONS DESIGNATED FOR HARWOOD USE.
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 |
|---|---|---|---|
Mike Hodan Chairperson | OfficerTrustee | 1 | $0 |
Diana Raasch Vice Chairperson | OfficerTrustee | 1 | $0 |
Janelle Meyer-Brown Secretary | OfficerTrustee | 1 | $0 |
Brian Quandt Treasurer | OfficerTrustee | 1 | $0 |
Heidi Mayer Executive Director (thru Oct) | Officer | 40 | $0 |
Bridgette Frommell Executive Director (beg. Oct) | Officer | 40 | $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 | $955,648 |
| Noncash contributions included in lines 1a–1f | $73,914 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $955,648 |
| Total Program Service Revenue | $0 |
| Investment income | $206,860 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$11,544 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,150,964 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $322,868 |
| Grants and other assistance to domestic individuals. | $29,805 |
| 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 | $203,442 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,117 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,278 |
| Fees for services: Other | $4,851 |
| Advertising and promotion | $4,335 |
| Office expenses | $8,619 |
| Information technology | $6,357 |
| Royalties | $0 |
| Occupancy | $61,683 |
| Travel | $5,816 |
| 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 | $559 |
| Insurance | $26,552 |
| All other expenses | $3,001 |
| Total functional expenses | $719,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $868,653 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,777,134 |
| Accounts receivable, net | $18,316 |
| 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 | $361,635 |
| Net Land, buildings, and equipment | $644,104 |
| Investments—publicly traded securities | $8,075,428 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,864,965 |
| Total assets | $14,610,235 |
| Accounts payable and accrued expenses | $59,067 |
| 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 | $2,886 |
| Total liabilities | $61,953 |
| Net assets without donor restrictions | $12,754,700 |
| Net assets with donor restrictions | $1,793,582 |
| 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 | $14,610,235 |
Grants Awarded
Over the last fiscal year, Lutheran Home Foundation Inc has awarded $2,238,447 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Wauwatosa, WI PURPOSE: PROPERTY UPGRADES | $2,233,253 |
Wauwatosa, WI PURPOSE: PROPERTY UPGRADES | $5,194 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Lutheran Home Foundation Inc has recieved totaling $39,000.
| Awarding Organization | Amount |
|---|---|
Schmick Foundation Inc Milwaukee, WI PURPOSE: CHARITABLE | $15,000 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $10,000 |
Vandam-Hug Family Foundation Charitable Tr New Berlin, WI PURPOSE: GENERAL SUPPORT OF MISSION | $10,000 |
Siebert Lutheran Foundation Inc Milwaukee, WI PURPOSE: GENERAL OPERATING SUPPORT, SUPPLIES FOR SEWING ROOM | $2,500 |
Kindt Christian Charitable Tr White, GA PURPOSE: RELIGIOUS | $1,000 |
Herbert H Kohl Charities Inc Milwaukee, WI PURPOSE: TO FUND APPROVED PUBLIC CHARITIES | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
All Chicago Making Homelessness History Chicago, IL | $31,255,730 | $72,080,478 |
Western Home Services Inc Cedar Falls, IA | $172,352,897 | $41,691,659 |
Housing Services Mid Michigan Charlotte, MI | $2,013,469 | $14,437,193 |
Community Contacts Inc Elgin, IL | $3,819,582 | $12,869,082 |
Institute For Community Alliances Des Moines, IA | $2,443,302 | $12,133,028 |
Community Rebuilders Grand Rapids, MI | $5,851,617 | $11,572,784 |
Western Home Services Inc Cedar Falls, IA | $36,931,248 | $9,460,886 |
Chicago Metropolitan Housing Development Corporation Chicago, IL | $46,092,100 | $7,394,940 |
Cinnaire Lending Corporation Lansing, MI | $75,621,059 | $9,899,346 |
Partners For Community Development Inc Sheboygan, WI | $8,253,882 | $7,968,342 |
West Chicago Preservation Corp Chicago, IL | $9,151,204 | $2,715,959 |
Bridge Communities Inc Glen Ellyn, IL | $16,127,143 | $5,545,489 |