St Luke Homes & Services Inc
- Assets
- $9.8m
- Revenue
- $9.3m
- Investments
- $0.0
- Employees
- 209
- Location
- Spencer, IA
- Founding
- 11/1961
- Data as of
- 12/2020
- EIN
- 42-6078294
Organization Overview
St Luke Homes & Services Inc is located in Spencer, IA. The organization was established in 1961. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, St Luke Homes & Services Inc employed 209 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. St Luke Homes & Services 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 12/2020, St Luke Homes & Services Inc generated $9.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $9.8m during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SENIORS AFFORDABLE AND VARIED LIVING OPTIONS AND CARE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIMARY SERVICE IS THAT OF A 99-BED NURSING HOME SPONSORED BY 14 AREA LUTHERAN CHURCHES
TERTIARY SERVICE IS THAT OF 64 UNITS OF ASSISTED LIVING.
SECONDARY SERVICE IS THAT OF A 50-UNIT INDEPENDENT LIVING COMPLEX.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Kruse Vice President | OfficerTrustee | 0.5 | $0 |
Sandi Schmidt Secretary | OfficerTrustee | 0.5 | $0 |
Deb Mechler President | OfficerTrustee | 3 | $0 |
Dean Pingel Director | Trustee | 0.5 | $0 |
Frank Halverson Director | Trustee | 0.5 | $0 |
Doug Kading Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $676,767 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,772 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $693,539 |
| Total Program Service Revenue | $8,537,468 |
| Investment income | $48,814 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,799 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,281,620 |
| 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 | $5,727,250 |
| Pension plan accruals and contributions | $143,515 |
| Other employee benefits | $572,837 |
| Payroll taxes | $416,370 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,514 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $584,083 |
| Advertising and promotion | $0 |
| Office expenses | $593,604 |
| Information technology | $33,874 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,122 |
| Interest | $60,886 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $588,238 |
| Insurance | $197,366 |
| All other expenses | $19,741 |
| Total functional expenses | $9,768,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,109,096 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $764,167 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $93,248 |
| Prepaid expenses and deferred charges | $147,346 |
| Net Land, buildings, and equipment | $6,253,427 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $419,182 |
| Total assets | $9,786,466 |
| Accounts payable and accrued expenses | $1,182,670 |
| 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 | $3,381,512 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,074,953 |
| Total liabilities | $9,639,135 |
| Net assets without donor restrictions | $147,331 |
| 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 | $9,786,466 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that St Luke Homes & Services Inc has recieved totaling $314,707.
| Awarding Organization | Amount |
|---|---|
National Heritage Foundation Inc Ashburn, VA PURPOSE: GENERAL SUPPORT | $314,707 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Odd Fellows Home Inc Northfield, MN | $22,867,310 | $19,456,798 |
Oakwood Village Prairie Ridge Homes Inc Madison, WI | $61,014,266 | $15,535,778 |
Volunteers Of America Inc Eden Prairie, MN | $8,598,450 | $19,135,120 |
Friends Of Faith Retirement Homes Inc Waterloo, IA | $88,184,689 | $24,765,907 |
Lewis Memorial Christian Village St Louis, MO | $48,381,888 | $18,539,239 |
Phs Cottage Grove Inc Roseville, MN | $59,058,430 | $15,462,606 |
Evans Park Inc Elk River, MN | $42,762,027 | $16,308,522 |
Volunteers Of America Inc Eden Prairie, MN | $2,912,114 | $17,645,281 |
Fairhaven Christian Home Rockford, IL | $28,131,692 | $15,992,551 |
Carondelet Village Inc Roseville, MN | $51,351,409 | $15,659,631 |
Villa St Benedict Lisle, IL | $63,409,322 | $15,184,886 |
Bethesda Senior Living Inc St Louis, MO | $51,618,462 | $21,887,696 |