Northland Lutheran Retirement Community Inc
- Assets
- $351.0k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 28
- Location
- Marinette, WI
- Founding
- 11/1961
- Data as of
- 12/2023
- EIN
- 39-1637677
Organization Overview
Northland Lutheran Retirement Community Inc is located in Marinette, WI. The organization was established in 1961. 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, Northland Lutheran Retirement Community Inc employed 28 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Northland Lutheran Retirement Community 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, Northland Lutheran Retirement Community Inc generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 5 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES MANAGEMENT AND MAINTENANCE SERVICES FOR THE SOLE BENEFIT OF ITS SUBSIDIARIES AND THEIR PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED MANAGEMENT OVERSIGHT OF ALL ITS SUBSIDIARY ORGANIZATIONS THAT PROVIDED SKILLED NURSING CARE, ASSISTED LIVING, HOME HEALTH AND INDEPENDENT LIVING ARRANGEMENTS FOR ELDERLY INDIVIDUALS AND DEVELOPMENTALLY DISABLED ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Johnson Chairperson | OfficerTrustee | 0.5 | $0 |
Mike Bellisle Vice Chairperson | OfficerTrustee | 0.5 | $0 |
William Hultman Treasurer | OfficerTrustee | 0.5 | $0 |
Karen Kolstad Secretary | OfficerTrustee | 0.5 | $0 |
Rev David Christenson Director | Trustee | 0.5 | $0 |
Rev Scott Ehle Director | 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 | $270 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $270 |
| Total Program Service Revenue | $1,366,674 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,372,233 |
| 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. | $23,095 |
| Compensation of current officers, directors, key employees. | $23,095 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $854,368 |
| Pension plan accruals and contributions | $12,119 |
| Other employee benefits | $95,156 |
| Payroll taxes | $66,595 |
| Fees for services: Management | $35,783 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,898 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,004 |
| Advertising and promotion | $13,726 |
| Office expenses | $39,309 |
| Information technology | $142,868 |
| Royalties | $0 |
| Occupancy | $136,738 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $345 |
| Interest | $186 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,599 |
| Insurance | $15,692 |
| All other expenses | $14,032 |
| Total functional expenses | $1,533,669 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,262 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $394 |
| 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 | $42,663 |
| Net Land, buildings, and equipment | $292,585 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $46 |
| Total assets | $350,950 |
| Accounts payable and accrued expenses | $71,051 |
| 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 | $267,823 |
| Total liabilities | $338,874 |
| Net assets without donor restrictions | $12,076 |
| 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 | $350,950 |