Lutheran Ministries Of Mercy Inc
- Assets
- $392.5k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 6
- Location
- Williston, OH
- Founding
- 06/2014
- Data as of
- 12/2021
- EIN
- 46-1893000
Organization Overview
Lutheran Ministries Of Mercy Inc is located in Williston, OH. The organization was established in 2014. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Lutheran Ministries Of Mercy Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lutheran Ministries Of Mercy 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 12/2021, Lutheran Ministries Of Mercy Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 50.1% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 49.0% 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
TO PROVIDE GOVERNANCE AND EXECUTIVE LEADERSHIP FOR RELATED ORGANIZATIONS TO REDUCE ADMINISTRATIVE EXPENSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE GOVERNANCE AND EXECUTIVE LEADERSHIP FOR RELATED ORGANIZATIONS TO REDUCE ADMINISTRATIVE EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terri Rodriguez CEO | Officer | 1 | $3,444 |
Michelle Dean 2nd Vice Chair | OfficerTrustee | 0.25 | $0 |
Charles Winters Chairman | OfficerTrustee | 0.25 | $0 |
Christina Fletcher 1st Vice Chair | OfficerTrustee | 0.25 | $0 |
Denise Lalonde Secretary | OfficerTrustee | 0.25 | $0 |
Ken Richmond Director Of Finance | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,381 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,381 |
| Total Program Service Revenue | $1,191,795 |
| Investment income | $0 |
| 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 | $1,193,176 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,000 |
| 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. | $294,990 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $184,358 |
| Pension plan accruals and contributions | $3,445 |
| Other employee benefits | $7,253 |
| Payroll taxes | $34,329 |
| Fees for services: Management | $3,807 |
| Fees for services: Legal | $89,629 |
| 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 | $93,979 |
| Advertising and promotion | $0 |
| Office expenses | $36,668 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,902 |
| Travel | $26,076 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $67 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,332 |
| Insurance | $258,338 |
| All other expenses | $281 |
| Total functional expenses | $1,145,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,379 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $60,811 |
| Net Land, buildings, and equipment | $228,758 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $77,518 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $392,466 |
| Accounts payable and accrued expenses | $22,499 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $104,794 |
| Total liabilities | $127,293 |
| Net assets without donor restrictions | $224,127 |
| Net assets with donor restrictions | $41,046 |
| 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 | $392,466 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lutheran Ministries Of Mercy Inc has recieved totaling $12.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $12 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Housing Services Mid Michigan Charlotte, MI | $2,013,469 | $14,437,193 |
Beyond Owners Group Inc Willow Street, PA | $131,731,512 | $8,827,345 |
Community Rebuilders Grand Rapids, MI | $5,851,617 | $11,572,784 |
New Directions Housing Corporation Louisville, KY | $27,737,851 | $9,868,214 |
Cinnaire Lending Corporation Lansing, MI | $75,621,059 | $9,899,346 |
University Properties Inc East Stroudsburg, PA | $58,514,914 | $5,926,957 |
Cedar Lake Residences Inc Louisville, KY | $2,301,086 | $7,918,008 |
Bridges Community Action Partnership Marysville, OH | $6,792,515 | $6,372,376 |
Ahepa Affordable Housing Management Company Inc Fishers, IN | $29,875,447 | $8,886,631 |
Rebuilding Together Pittsburgh Pittsburgh, PA | $2,584,527 | $5,910,311 |
Pennsylvania Community Real Estate Corporation Philadelphia, PA | $2,208,755 | $5,682,149 |
Central Ohio Community Land Trust Columbus, OH | $2,592,192 | $4,520,471 |