Luther Memorial Home
- Assets
- $13.5m
- Revenue
- $10.5m
- Investments
- $0.0
- Employees
- 210
- Location
- Mayville, ND
- Founding
- 11/1961
- Data as of
- 06/2023
- EIN
- 45-0261669
Organization Overview
Luther Memorial Home is located in Mayville, ND. The organization was established in 1961. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 06/2023, Luther Memorial Home employed 210 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Luther Memorial Home 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 06/2023, Luther Memorial Home generated $10.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $11.1m during the year ending 06/2023. While expenses have increased by 2.7% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
LUTHER MEMORIAL HOME SERVES AS A TANGIBLE EXPRESSION OF GOD'S LOVE BY RESPONDING TO THE NEEDS OF THE AGING, EVER MINDFUL OF THE WORTH AND DIGNITY OF THE INDIVIDUAL. WE ADDRESS OURSELVES IN BOTH TRADITIONAL AND INNOVATIVE WAYS TO MEETING THE NEEDS OF THE AGED WHO ARE BEST SERVED IN A RESIDENTIAL SETTING WITHOUT REGARD TO NATIONAL ORIGIN, RACE, COLOR, CREED, SEX, OR HANDICAP. WE SEEK TO MINISTER TO THE WHOLE PERSON, OFFERING A FULL RANGE OF PROGRESSIVE CARE, FROM RETIREMENT HOUSING THROUGH SKILLED NURSING. WE SEEK FURTHERMORE TO REPRESENT THE CONCERNS OF ALL AGING TO THE SOCIETY OF WHICH WE ARE A PART. OUR BOARD AND STAFF DEDICATE THEMSELVES TO MAKING LUTHER MEMORIAL HOME A PLACE WHERE OUR RESIDENTS WILL LIVE IN COMFORT IN A COMMUNITY THAT IS SHAPED BY CHRISTIAN CONCERN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
26,501 TOTAL DAYS OF SKILLED NURSING CARE PROVIDED TO ELDERLY MEN AND WOMEN DURING FISCAL YEAR 7/1/2022 - 6/30/2023. IN ADDITION, WE PROVIDED RESIDENTIAL RENTAL SERVICES TO ELDERLY TENANTS FROM 7/1/2022 - 6/30/2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda Eide Secretary | OfficerTrustee | 1 | $0 |
Linda Stromstad Director | Trustee | 1 | $0 |
Dean Erickson Director | Trustee | 1 | $0 |
Gary Sundeen Director | Trustee | 1 | $0 |
Jeff Voltz Director | Trustee | 1 | $0 |
Roger Erickson President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Procare Staffing Contracted Nursing | 6/29/23 | $721,103 |
Dtn Staffing Contracted Nursing | 6/29/23 | $634,371 |
Fargo Roofing & Siding Roofing Project | 6/29/23 | $216,675 |
Rolinc Staffing Contracted Nursing | 6/29/23 | $318,101 |
Fusion Medical Staffing Llc Contracted Nursing | 6/29/23 | $167,259 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $63,368 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,188 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $91,556 |
| Total Program Service Revenue | $10,301,325 |
| Investment income | $121,398 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $30,828 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,545,107 |
| 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. | $420,383 |
| Compensation of current officers, directors, key employees. | $420,383 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,867,861 |
| Pension plan accruals and contributions | $132,882 |
| Other employee benefits | $907,152 |
| Payroll taxes | $417,658 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $74,412 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,311 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $56,003 |
| Information technology | $43,740 |
| Royalties | $0 |
| Occupancy | $432,734 |
| Travel | $27,476 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,446 |
| Interest | $56,144 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $293,637 |
| Insurance | $128,397 |
| All other expenses | -$5,012 |
| Total functional expenses | $11,056,526 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $423,019 |
| Savings and temporary cash investments | $3,007,527 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $549,060 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $112,137 |
| Prepaid expenses and deferred charges | $44,316 |
| Net Land, buildings, and equipment | $2,598,041 |
| Investments—publicly traded securities | $974,510 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,801,618 |
| Total assets | $13,510,228 |
| Accounts payable and accrued expenses | $671,439 |
| Grants payable | $0 |
| Deferred revenue | $8,473 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $10,062 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,699,169 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,389,143 |
| Net assets without donor restrictions | $11,121,085 |
| 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 | $13,510,228 |