Bartels Lutheran Home
- Assets
- $42.5m
- Revenue
- $12.3m
- Investments
- $0.0
- Employees
- 319
- Location
- Waverly, IA
- Founding
- 11/1961
- Data as of
- 12/2021
- EIN
- 42-0752685
Organization Overview
Bartels Lutheran Home, operating under the name Bartels Lutheran Retirement Community, is located in Waverly, IA. 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 12/2021, Bartels Lutheran Retirement Community employed 319 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Bartels Lutheran Retirement Community 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 12/2021, Bartels Lutheran Retirement Community generated $12.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $12.9m during the year ending 12/2021. 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
BARTELS LUTHERAN RETIREMENT COMMUNITY OFFERS MULTILEVEL RETIREMENT LIVING OPTIONS AND ENHANCES LIVES THROUGH QUALITY SERVICES AND CHRISTIAN CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BARTELS LUTHERAN HOME PROVIDES A CONTINUUM OF CARE INCLUDING A TOTAL OF 120 LICENSED NURSING BEDS WHICH INCLUDE 30 CCDI BEDS. IN ADDITION THERE ARE 50 ASSISTED LIVING AND 108 INDEPENDENT LIVING UNITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Geise President/ceo | Officer | 40 | $173,408 |
Veronica Shea Administrator | 40 | $106,322 | |
Brooke Holmes Adon | 36 | $104,268 | |
Peggy Zumbach CFO | Officer | 40 | $60,855 |
Fred Waldstein Vice Chair | OfficerTrustee | 2 | $0 |
Bob Brunkhorst Secretary/treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Grape Tree Medical Staffing Llc Staffing | 12/30/21 | $213,851 |
Crystal Heating And Plumbing Maintenance | 12/30/21 | $186,848 |
Steege Construction Sub Contractor | 12/30/21 | $355,155 |
Northern Iowa Therapy Therapy Services | 12/30/21 | $458,513 |
Cedar Valley Building Supply Construction Material | 12/30/21 | $458,855 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $280,000 |
| Government grants | $229,506 |
| All other contributions, gifts, grants, and similar amounts not included above | $205,385 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $714,891 |
| Total Program Service Revenue | $11,222,484 |
| Investment income | $314,332 |
| 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 | $12,251,707 |
| 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. | $307,297 |
| Compensation of current officers, directors, key employees. | $307,297 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,171,933 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $697,014 |
| Payroll taxes | $468,088 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,493,219 |
| Advertising and promotion | $15,024 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $772,001 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $310,591 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,464,464 |
| Insurance | $198,830 |
| All other expenses | $0 |
| Total functional expenses | $12,937,352 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,846,958 |
| Savings and temporary cash investments | $7,416,189 |
| Pledges and grants receivable | $4,179 |
| Accounts receivable, net | $389,913 |
| 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 | $243,074 |
| Net Land, buildings, and equipment | $32,067,932 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $526,705 |
| Total assets | $42,494,950 |
| Accounts payable and accrued expenses | $2,024,264 |
| Grants payable | $0 |
| Deferred revenue | $22,835,274 |
| Tax-exempt bond liabilities | $7,171,114 |
| 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 | $0 |
| Total liabilities | $32,030,652 |
| Net assets without donor restrictions | $9,923,689 |
| Net assets with donor restrictions | $540,609 |
| 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 | $42,494,950 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bartels Lutheran Home has recieved totaling $24.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $24 |
Endowment Analysis
| Beg. Balance | $512,268 |
| Earnings | $1,443 |
| Net Contributions | $199,111 |
| Other Expense | $172,213 |
| Ending Balance | $540,609 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lutheran Home For The Aged Arlington Heights, IL | $131,494,614 | $46,009,976 |
Lindengrove Inc Brookfield, WI | $53,159,981 | $37,652,858 |
Friendship Village Of West County Chesterfield, MO | $195,171,509 | $29,494,334 |
Benevolent Corporation Cedar Community West Bend, WI | $115,395,812 | $41,115,280 |
Volunteers Of America Care Facilities Eden Prairie, MN | $34,098,364 | $41,433,516 |
Valley Senior Services Alliance Roseville, MN | $92,212,429 | $35,168,419 |
Saint Therese Of New Hope St Louis Park, MN | $31,804,224 | $36,427,083 |
The Mather Evanston Evanston, IL | $197,036,841 | $28,903,935 |
Covenant Health Care Center Inc Northbrook, IL | $80,834,072 | $35,580,141 |
Plymouth Place Inc Lagrange Park, IL | $140,283,826 | $32,345,507 |
Covenant Living Communities And Services Skokie, IL | $297,389,461 | $56,944,036 |
Windsor Park Manor Carol Stream, IL | $83,906,843 | $31,750,649 |