Lutheran Brethren Homes Inc
- Assets
- $10.8m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 14
- Location
- Fergus Falls, MN
- Founding
- 04/1974
- Data as of
- 04/2023
- EIN
- 41-1377263
Organization Overview
Lutheran Brethren Homes Inc is located in Fergus Falls, MN. The organization was established in 1974. 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 04/2023, Lutheran Brethren Homes Inc employed 14 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Lutheran Brethren Homes 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 04/2023, Lutheran Brethren Homes Inc generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.8%) each year. All expenses for the organization totaled $927.4k during the year ending 04/2023. As we would expect to see with falling revenues, expenses have declined by (16.8%) per year over the past 4 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
PROVIDE MANAGEMENT SERVICES TO AFFILIATED NURSING HOMES AND RETIREMENT COMPLEXES
Describe the Organization's Program Activity:
Part 3 - Line 4a
LUTHERAN BRETHREN HOMES INC. PROVIDES MANAGEMENT SERVICES TO AFFILIATED NURSING HOMES AND RETIREMENT COMPLEXES USED BY THE ELDERLY AND DISABLED.
LUTHERAN BRETHREN HOME INC. OPERATES A CHAPLAINCY PROGRAM FOR THE AFFILIATED ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leland Rogness Chairman/president | OfficerTrustee | 1.3 | $0 |
Tom Moline Vice Chairman | OfficerTrustee | 0.2 | $0 |
John Austin Secretary | OfficerTrustee | 0.2 | $0 |
Gaylord Folder Director | Trustee | 0.2 | $0 |
Paul Larson Director | Trustee | 0.2 | $0 |
John Zwiers CEO | Officer | 20 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,286,376 |
| Investment income | $36 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,354 |
| Net Gain/Loss on Asset Sales | -$220,227 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,338,260 |
| 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. | $43,097 |
| Compensation of current officers, directors, key employees. | $43,097 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $188,074 |
| Pension plan accruals and contributions | $18,150 |
| Other employee benefits | $54,666 |
| Payroll taxes | $22,861 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $47,072 |
| Fees for services: Accounting | $67,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,105 |
| Advertising and promotion | $347 |
| Office expenses | $179,162 |
| Information technology | $118,047 |
| Royalties | $0 |
| Occupancy | $51,878 |
| Travel | $397 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,320 |
| Interest | $13,109 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,270 |
| Insurance | $16,509 |
| All other expenses | $9,636 |
| Total functional expenses | $927,350 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $36,963 |
| 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 | $486 |
| Net Land, buildings, and equipment | $438,594 |
| Investments—publicly traded securities | $116 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,355,669 |
| Total assets | $10,831,828 |
| Accounts payable and accrued expenses | $128,896 |
| 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 | $327,653 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $456,549 |
| Net assets without donor restrictions | $10,375,279 |
| 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 | $10,831,828 |