Lutheran Homes
- Assets
- $3.5m
- Revenue
- $5.6m
- Investments
- $102.2k
- Employees
- 104
- Location
- Twin Valley, MN
- Founding
- 11/1961
- Data as of
- 09/2021
- EIN
- 41-0694719
Organization Overview
Lutheran Homes is located in Twin Valley, MN. The organization was established in 1961. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 09/2021, Lutheran Homes employed 104 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Lutheran Homes 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 09/2021, Lutheran Homes generated $5.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $5.2m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE LIVING ENVIRONMENTS FOR SENIORS THAT MAXIMIZE HEALTH, INDEPENDENCE AND QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE FISCAL YEAR ENDING 9-30-21, LUTHERAN HOMES PROVIDED APPROXIMATELY 15,303 RESIDENT DAYS OF LONG TERM CARE FOR ELDERLY MEN AND WOMEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Nelson Exec. Director | Officer | 50 | $105,843 |
Jon Hellerud President | OfficerTrustee | 1 | $0 |
Dorella Lelm 4120 - 33121 Treasurer | OfficerTrustee | 1 | $0 |
Linda Blomseth 4121 - 33122 Treasurer | OfficerTrustee | 1 | $0 |
Carol Lockhart Director/secretary | OfficerTrustee | 1 | $0 |
Pastor Al Brooks Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $732,888 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $737,638 |
| Total Program Service Revenue | $4,833,113 |
| Investment income | $12,280 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$64 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,630,603 |
| 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. | $137,023 |
| Compensation of current officers, directors, key employees. | $137,023 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,786,512 |
| Pension plan accruals and contributions | $36,381 |
| Other employee benefits | $403,847 |
| Payroll taxes | $201,036 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $58,749 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,045 |
| Advertising and promotion | $37,409 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $189,734 |
| Travel | $2,509 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,605 |
| Interest | $4,311 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $118,082 |
| Insurance | $66,659 |
| All other expenses | $162,910 |
| Total functional expenses | $5,155,157 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,003,383 |
| Savings and temporary cash investments | $318,137 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $435,894 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $24,365 |
| Prepaid expenses and deferred charges | $54,965 |
| Net Land, buildings, and equipment | $1,106,404 |
| Investments—publicly traded securities | $139,413 |
| Investments—other securities | $102,216 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $277,557 |
| Total assets | $3,462,334 |
| Accounts payable and accrued expenses | $344,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $17,278 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $45,512 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $406,790 |
| Net assets without donor restrictions | $3,018,544 |
| Net assets with donor restrictions | $37,000 |
| 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 | $3,462,334 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oakwood Village University Woods Homes Inc Madison, WI | $65,944,381 | $14,695,232 |
Healtheast Care Center-White Bear Lake Minneapolis, MN | $21,500,066 | $19,878,370 |
Baptist Home Inc Edina, MN | $23,839,414 | $18,350,368 |
St Johns Lutheran Home Albert Lea, MN | $48,874,024 | $18,188,441 |
Madison Healthcare Services Madison, MN | $39,706,321 | $23,223,798 |
Methodist Manor Health Center Inc West Allis, WI | $6,950,058 | $15,339,815 |
Catholic Eldercare Minneapolis, MN | $35,653,392 | $18,000,892 |
Ebenezer Ridges Edina, MN | $19,189,354 | $17,159,113 |
Bethany Manor Inc Story City, IA | $35,629,736 | $20,182,256 |
Bethany Lutheran Home Sioux Falls, SD | $29,243,342 | $16,408,345 |
Sholom Home West Inc St Louis Park, MN | $13,898,691 | $15,585,899 |
Bethel Lutheran Nursing & Rehabilitation Center Williston, ND | $14,740,286 | $14,698,424 |