Lutheran Home
- Assets
- $24.9m
- Revenue
- $27.9m
- Investments
- $0.0
- Employees
- 645
- Location
- Belle Plaine, MN
- Founding
- 01/1966
- Data as of
- 09/2023
- EIN
- 41-0706147
Organization Overview
Lutheran Home is located in Belle Plaine, MN. The organization was established in 1966. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. As of 09/2023, Lutheran Home employed 645 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Lutheran Home 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 09/2023, Lutheran Home generated $27.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $21.6m during the year ending 09/2023. 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
PROVIDE FOR THE SPIRITUAL, PHYSICAL, INTELLECTUAL AND EMOTIONAL NEEDS OF PEOPLE ENTRUSTED TO OUR CARE AND OTHERS WHOSE LIVES WE TOUCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION THROUGH MULTIPLE LOCATIONS PROVIDES A FULL RANGE OF SERVICES. THESE SERIVCES INCLUDE BUT ARE NOT LIMITED TO INDEPENDENT LIVING SERVICES, ASSISTED LIVING SERVICES, SKILLED NURSING SERVICES, LONG-TERM CARE, SERVICES TO DEVELOPMENTALLY DISABLED ADULTS, AND REHABILITATIVE SERVICE. WITH LOCATIONS IN MINNESOTA AND WISCONSIN WE OFFER THESE SERVICES AND THE ORGANIZTION PROVIDED OVER 91,573 DAYS OF RESIDENT CARE AND SERVICES IN THE CURRENT TAX YEAR.
THE ORGANIZATION THROUGH MULTIPLE LOCATIONS PROVIDES A FULL RANGE OF SERVICES. THESE SERIVCES INCLUDE BUT ARE NOT LIMITED TO INDEPENDENT LIVING SERVICES, ASSISTED LIVING SERVICES, SKILLED NURSING SERVICES, LONG-TERM CARE, SERVICES TO DEVELOPMENTALLY DISABLED ADULTS, AND REHABILITATIVE SERVICE. WITH LOCATIONS IN MINNESOTA AND WISCONSIN WE OFFER THESE SERVICES AND THE ORGANIZTION PROVIDED OVER 91,573 DAYS OF RESIDENT CARE AND SERVICES IN THE CURRENT TAX YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Hayes President & | OfficerTrustee | 2 | $119,774 |
Chris Meyer Former Presi | OfficerTrustee | 2 | $123,824 |
Patty Narveson CFO | Officer | 40 | $122,016 |
Beth Wadsley VP Of Human | 40 | $112,778 | |
Margo Barnes Controller | Officer | 40 | $110,168 |
Rev John Boeder Director | Trustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Heartland Senior Management Consulting | 9/29/23 | $362,468 |
Wipfli Llp Audit & Acct | 9/29/23 | $208,575 |
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 | $710,167 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $710,167 |
| Total Program Service Revenue | $20,348,598 |
| Investment income | $6,775,412 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $26,181 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,947,732 |
| 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 | $7,760,795 |
| Pension plan accruals and contributions | $120,899 |
| Other employee benefits | $806,282 |
| Payroll taxes | $1,202,154 |
| Fees for services: Management | $1,193,441 |
| Fees for services: Legal | $48,511 |
| Fees for services: Accounting | $131,492 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,387,287 |
| Advertising and promotion | $67,318 |
| Office expenses | $1,063,512 |
| Information technology | $220,426 |
| Royalties | $0 |
| Occupancy | $1,552,110 |
| Travel | $9,349 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $54,570 |
| Interest | $825,279 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,405,676 |
| Insurance | $157,100 |
| All other expenses | $23,337 |
| Total functional expenses | $21,581,581 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $374,431 |
| Savings and temporary cash investments | $1,219,664 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,727,882 |
| 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 | $50,616 |
| Net Land, buildings, and equipment | $19,021,291 |
| Investments—publicly traded securities | $1,266,459 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $478,382 |
| Other assets | $769,730 |
| Total assets | $24,908,455 |
| Accounts payable and accrued expenses | $2,198,580 |
| Grants payable | $0 |
| Deferred revenue | $263,282 |
| Tax-exempt bond liabilities | $22,162,239 |
| Escrow or custodial account liability | $267,572 |
| 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 | $5,153,868 |
| Total liabilities | $30,045,541 |
| Net assets without donor restrictions | -$5,807,659 |
| Net assets with donor restrictions | $670,573 |
| 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 | $24,908,455 |
Grants Awarded
Over the last fiscal year, Lutheran Home has awarded $64,625 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WISCONSIN LUTHERAN HOME MINISTRIES PURPOSE: GENERAL SUPPORT | $24,656 |
ST MICHAEL'S LUTHERAN HOME FOR THE AGED PURPOSE: GENERAL SUPPORT | $39,969 |