Cedar Falls Lutheran Home
- Assets
- $37.2m
- Revenue
- $19.9m
- Investments
- $0.0
- Employees
- 485
- Location
- Cedar Falls, IA
- Founding
- 11/1961
- Data as of
- 12/2021
- EIN
- 42-0794364
Organization Overview
Cedar Falls Lutheran Home, operating under the name Newaldaya Lifescapes, is located in Cedar Falls, IA. The organization was established in 1961. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Newaldaya Lifescapes employed 485 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Newaldaya Lifescapes 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, Newaldaya Lifescapes generated $19.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $18.0m during the year ending 12/2021. While expenses have increased by 2.1% per year over the past 7 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
ENHANCING LIVES THROUGH INDIVIDUALIZED CARE IN A HOME EMPOWERED BY GOD'S LOVE
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE OFFER CHRISTIAN CARING THROUGHOUT OUR 42-UNIT ASSISTED LIVING FACILITY, 93 INDEPENDENT LIVING UNITS AND 135-BED NURSING FACILITY, WHICH INCLUDES A 20-BED MEMORY CARE HOUSE. WE ARE COMMITTED TO QUALITY FIRST, A PHILOSOPHY OF QUALITY AND A FRAMEWORK FOR EARNING PUBLIC TRUST IN AGING SERVICES. WE OFFER WE CONTINUE OUR JOURNEY TO PROMOTE RESIDENT-CENTERED, CONSUMER DRIVEN SERVICE. WE OFFER WELLNESS PROGRAMMING THAT INCLUDES MUSIC, ART AND HORTICULTURE THERAPIES. THE CORPORATION IS ALSO THE SOLE OWNER OF HOME CONNECTIONS, LLC, A HOME HEALTH AGENCY, OPERATING IN CEDAR FALLS, IOWA.WE OFFER FURNISHING, MAINTENANCE AND RELATED PARKING AND SITE IMPROVEMENTS OF NEW INDEPENDENT LIVING UNITS THROUGHOUT OUR 23 UNITS. WHICH INCLUDES THE RETIREMENT OF ANY EXISTING INDEBTEDNESS RELATED TO THE PROJECT AND FINANCING THE COSTS OF ISSUANCE AND CERTAIN OTHER COSTS ASSOCIATED WITH THE ISSUANCE OF NOTES AND SALE OF THE NOTES. THE BOARD OF DIRECTORS OF CEDAR FALLS LUTHERAN HOME, THE SOLE MEMBER OF WEST GLEN HEREBY AUTHORIZES AND APPROVES THE PROPOSAL FROM THE LENDER AND THE ISSUANCE OF THE NOTES ON BEHALF OF WEST GLEN, LLC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Millisa Tierney Chief Executive Officer | Officer | 40 | $154,310 |
Erin O'neill-Gleason Chief Operating Officer | Officer | 40 | $122,759 |
Brian Cook Director Of Therapy | 40 | $120,681 | |
Crystal Jasper Director Of Clinical Services | 40 | $116,187 | |
Julie Nichols Physical Therapist | 40 | $110,495 | |
Allen Schneider President | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Healthcare Resolutions Temporary Staffing | 12/30/21 | $634,953 |
Tri-state Nursing Temporary Staffing | 12/30/21 | $588,280 |
Nurses Prn Temporary Staffing | 12/30/21 | $187,322 |
Helping Hands Temporary Staffing | 12/30/21 | $469,489 |
Aramark Uniform Services Laundry Services | 12/30/21 | $157,813 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $13,125 |
| Related organizations | $0 |
| Government grants | $3,159,282 |
| All other contributions, gifts, grants, and similar amounts not included above | $43,484 |
| Noncash contributions included in lines 1a–1f | $5,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,215,891 |
| Total Program Service Revenue | $16,052,324 |
| Investment income | $141,895 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,610 |
| Net Gain/Loss on Asset Sales | $221,735 |
| Net Income from Fundraising Events | $48,570 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $21,059 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,916,708 |
| 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. | $330,574 |
| Compensation of current officers, directors, key employees. | $330,574 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,371,403 |
| Pension plan accruals and contributions | $278,031 |
| Other employee benefits | $720,689 |
| Payroll taxes | $746,466 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $111,961 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,950 |
| Fees for services: Other | $2,824,999 |
| Advertising and promotion | $165,179 |
| Office expenses | $527,868 |
| Information technology | $24,896 |
| Royalties | $0 |
| Occupancy | $558,012 |
| Travel | $574 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $255,457 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,117,545 |
| Insurance | $167,123 |
| All other expenses | $1,233 |
| Total functional expenses | $17,983,466 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $522,882 |
| Savings and temporary cash investments | $5,845,169 |
| Pledges and grants receivable | $2,440 |
| Accounts receivable, net | $1,234,993 |
| 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 | $101,573 |
| Net Land, buildings, and equipment | $24,337,013 |
| Investments—publicly traded securities | $3,949,647 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,187,709 |
| Total assets | $37,181,426 |
| Accounts payable and accrued expenses | $1,868,956 |
| Grants payable | $0 |
| Deferred revenue | $6,368,389 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $91,692 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $13,675,756 |
| Unsecured mortgages and notes payable | $28,543 |
| Other liabilities | $254,289 |
| Total liabilities | $22,287,625 |
| Net assets without donor restrictions | $12,063,051 |
| Net assets with donor restrictions | $2,830,750 |
| 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 | $37,181,426 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cedar Falls Lutheran Home has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Lsb Foundation Reinbeck, IA PURPOSE: GENERAL OPERATING | $1,000 |
Endowment Analysis
| Beg. Balance | $2,674,352 |
| Net Contributions | $94 |
| Ending Balance | $2,674,446 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Arlington Of Naples Arlington Heights, IL | $121,796,918 | $23,712,777 |
Achievement Unlimited Inc Galesburg, IL | $34,667,403 | $31,696,526 |
Ctf Illinois Orland Park, IL | $14,323,596 | $25,057,116 |
Center For Housing And Health Chicago, IL | $3,048,076 | $18,275,784 |
Cedar Falls Lutheran Home Cedar Falls, IA | $37,181,426 | $19,916,708 |
Covenant Home Services Skokie, IL | $4,392,429 | $19,945,010 |
Latino Economic Development Center Saint Paul, MN | $11,641,082 | $19,528,644 |
Madonna Towers Of Rochester Inc Minneapolis, MN | $26,340,928 | $16,247,801 |
Hearth Connection Saint Paul, MN | $2,283,440 | $14,314,767 |
King-Bruwaert House Burr Ridge, IL | $65,181,853 | $13,001,524 |
Housing Forward Maywood, IL | $3,739,938 | $13,235,796 |
Midwest Housing Equity Group Inc Omaha, NE | $59,910,097 | $16,662,008 |