Lutheran Brethren Homes Inc
- Assets
- $10.9m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 43
- Location
- Fergus Falls, MN
- Founding
- 04/1974
- Data as of
- 04/2021
- 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 04/2021, Lutheran Brethren Homes Inc employed 43 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 04/2021, Lutheran Brethren Homes Inc generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.2% each year . All expenses for the organization totaled $1.3m during the year ending 04/2021. While expenses have increased by 1.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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 MANAGEMENT SERVICES TO AFFILIATED NURSING HOMES AND RETIREMENT COMPLEXES USED BY THE ELDERLY AND DISABLED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAYMENTS MADE TO AFFILIATED COMPANIES TO SUBSIDIZE OPERATIONS AND TO OTHER NONPROFIT ORZANIZATIONS
CHAPLAINCY PROGRAM TO AFFLIATED ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Zwiers Adm | Officer | 15 | $58,255 |
Leland R Rogness Chairman | Officer | 10 | $0 |
Tom Moline Vice Chair | Officer | 5 | $0 |
Ron Fuhrman Secretarty | Officer | 5 | $0 |
Gaylord Folden Director | Trustee | 5 | $0 |
Paul Larson Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,023,954 |
| Investment income | $742,704 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,591 |
| Net Gain/Loss on Asset Sales | $136,320 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,489,440 |
| Statement of Expenses | |
|---|---|
| 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. | $58,255 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $464,062 |
| Pension plan accruals and contributions | $27,083 |
| Other employee benefits | $135,271 |
| Payroll taxes | $30,462 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $177 |
| Fees for services: Accounting | $36,570 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,182 |
| Office expenses | $3,907 |
| Information technology | $131,658 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,278 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $106,223 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $87,388 |
| Insurance | $31,357 |
| All other expenses | $0 |
| Total functional expenses | $1,341,088 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $14,639 |
| Investments—publicly traded securities | $4,534,187 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,616,830 |
| Total assets | $10,888,366 |
| Accounts payable and accrued expenses | $266,465 |
| 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 | $2,434,510 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $146,564 |
| Total liabilities | $2,847,539 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $8,040,827 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lutheran Brethren Homes Inc has recieved totaling $238,662.
| Awarding Organization | Amount |
|---|---|
Lb Homes Foundation Inc Fergus Falls, MN PURPOSE: PROMOTE HOME HEALTH AND HOSPICE SERVICE | $238,662 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dow Rummel Village Sioux Falls, SD | $76,421,386 | $18,523,416 |
Martin Health Center Inc Cedar Falls, IA | $21,811,733 | $19,618,814 |
Wayzata Bay Senior Housing Inc Roseville, MN | $167,500,836 | $19,706,381 |
Evergreen Retirement Community Inc Oshkosh, WI | $46,606,171 | $19,424,837 |
Samaritan Bethany Inc Rochester, MN | $35,223,208 | $19,680,043 |
Meth-Wick Community Cedar Rapids, IA | $36,346,966 | $18,595,855 |
National Regency Of New Berlin Inc Waukesha, WI | $86,663,062 | $22,744,925 |
Jones-Harrison Residence Corporation Minneapolis, MN | $13,762,725 | $18,553,018 |
Clement Manor Inc Greenfield, WI | $19,024,939 | $15,982,774 |
Attic Angel Place Inc Middleton, WI | $40,139,262 | $17,042,390 |
Northern Arizona Senior Living Community Llc Chaska, MN | $21,150,074 | $15,348,734 |
Cottage Grove Place Cedar Rapids, IA | $58,584,060 | $13,524,184 |