Lutheran Housing Corporation
- Assets
- $91.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sioux Falls, SD
- Founding
- 04/1987
- Data as of
- 12/2016
- EIN
- 46-0441698
Organization Overview
Lutheran Housing Corporation is located in Sioux Falls, SD. The organization was established in 1987. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Lutheran Housing Corporation 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 12/2016, Lutheran Housing Corporation generated $58.5k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $58.0k during the year ending 12/2016. While expenses have increased by 5.7% per year over the past 2 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2016
Describe the Organization's Program Activity:
Part 3
PROVIDED HOUSING FOR 9 FAMILIES DURING THE YEAR. ALL FAMILIES WERE AT OR BELOW 60% OF MEDIAN FAMILY INCOME FOR THE AREA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Betty Oldenkamp Chair | 0 | $0 | |
Nathan Beyer Secretary/treasurer | 1 | $0 | |
Rebecca Knudsen Board Person | 0 | $0 | |
Sheila Weber Board Person | 0 | $0 | |
Bill Peterson Board Person | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $58,532 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $58,532 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $6,218 |
| Professional fees and other payments to independent contractors | $6,103 |
| Occupancy, rent, utilities, and maintenance | $42,564 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,109 |
| Total expenses | $57,994 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $8,083 |
| Other assets | $0 |
| Total assets | $91,086 |
| Total liabilities | $105,755 |
| Net assets or fund balances | -$14,669 |