Lutheran Haven
- Assets
- $50.7m
- Revenue
- $14.8m
- Investments
- $730.8k
- Employees
- 350
- Location
- Oviedo, FL
- Founding
- 03/1949
- Data as of
- 08/2021
- EIN
- 59-0637873
Organization Overview
Lutheran Haven is located in Oviedo, FL. The organization was established in 1949. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 08/2021, Lutheran Haven employed 350 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lutheran Haven 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 08/2021, Lutheran Haven generated $14.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $15.3m during the year ending 08/2021. While expenses have increased by 7.7% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
A MINISTRY OF THE LUTHERAN CHURCH WHICH DEMONSTRATES THE LOVE OF GOD IN JESUS CHRIST TO OLDER ADULTS BY PROVIDING NURSING AND MEDICAL CARE AND A RETIREMENT COMMUNITY WHERE MEMBERS OF THE COMMUNITY MAY LIVE WITH HOPE AND CONFIDENCE UNTIL THE DAY THAT GOD CALLS THEM FOREVER.
Describe the Organization's Program Activity:
HEALTH CARE SERVICES - PROVIDES THE ELDERLY WITH HEALTHCARE ASSISTANCE INTHEIR HOME. NURSING AND MEDICAL CARE FOR THE AGED, PROVIDING A 56-BEDSKILLED NURSING FACILITY, A 31-BED ASSISTED LIVING FACILITY AND MEMORY CARESERVICES - PROVIDING A 26-BED MEMORY CARE FACILITY.
RETIREES - 172 RESIDENTIAL HOUSING UNITS ARE AVAILABLE AND ARE CONTINUOUSLY FILLED EXCEPT FOR MAINTENANCE TIME BETWEEN RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mrs Linda Kirk Former CEO | Officer | 20 | $175,177 |
Mr Jerry Griffing CEO | OfficerTrustee | 40 | $158,876 |
Michael A Buxton Nursing Home Adm | 40 | $114,273 | |
Iseman Julie Home Health Adm | 40 | $113,292 | |
Mr Michael Ray CFO | OfficerTrustee | 40 | $43,147 |
Mrs Susan Hanas President | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $38,160 |
| Government grants | $597,868 |
| All other contributions, gifts, grants, and similar amounts not included above | $732,167 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,368,195 |
| Total Program Service Revenue | $12,772,754 |
| Investment income | $175,908 |
| 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 | $14,795,966 |
| 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. | $554,455 |
| Compensation of current officers, directors, key employees. | $329,831 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,398,888 |
| Pension plan accruals and contributions | $54,781 |
| Other employee benefits | $1,020,482 |
| Payroll taxes | $512,482 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,400 |
| Fees for services: Accounting | $51,844 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $54,737 |
| Fees for services: Other | $304,341 |
| Advertising and promotion | $25,509 |
| Office expenses | $391,693 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $21,430 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $600,527 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,993,570 |
| Insurance | $294,829 |
| All other expenses | $883,154 |
| Total functional expenses | $15,311,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,795,114 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $880,038 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $390,800 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $448,009 |
| Net Land, buildings, and equipment | $36,042,164 |
| Investments—publicly traded securities | $6,375,017 |
| Investments—other securities | $730,806 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,045,187 |
| Total assets | $50,707,135 |
| Accounts payable and accrued expenses | $1,072,759 |
| Grants payable | $0 |
| Deferred revenue | $17,385,667 |
| 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 | $15,022,208 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $557,847 |
| Total liabilities | $34,038,481 |
| Net assets without donor restrictions | $11,078,518 |
| Net assets with donor restrictions | $5,590,136 |
| 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 | $50,707,135 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Lutheran Haven has recieved totaling $97,827.
| Awarding Organization | Amount |
|---|---|
The John And Katherine Duda Foundation Inc Oviedo, FL PURPOSE: TO BE USED FOR THE WATER WORKS WONDERS PROJECT - IN MEMORY OF JOHN L. DUDA | $52,000 |
Andrew Spisak Charitable Endowment Fund 300816 Columbus, OH PURPOSE: GENERAL OPERATING | $20,467 |
Thrivent Financial For Lutherans Minneapolis, MN PURPOSE: General Support | $20,310 |
Ferdinand And Anna Duda Foundation Inc Oviedo, FL PURPOSE: DESIGNATED FOR THE LUTHERAN HAVEN BENEVOLENT CARE FUND | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $50 |
Endowment Analysis
| Beg. Balance | $3,046,920 |
| Earnings | $70,155 |
| Net Contributions | $60,664 |
| Other Expense | $68,795 |
| Ending Balance | $3,108,944 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Methodist Home For The Aging Birmingham, AL | $118,213,803 | $51,510,138 |
Lenbrook Square Foundation Inc Atlanta, GA | $291,448,667 | $46,078,205 |
Cypress Cove At Healthpark Florida Inc Fort Myers, FL | $165,133,632 | $33,291,550 |
Glenridge On Palmer Ranch Inc Jacksonville, FL | $194,012,729 | $37,245,180 |
John Knox Village Of Central Florida Inc Orange City, FL | $183,731,535 | $56,317,098 |
Oak Hammock At The University Of Florida Inc Gainesville, FL | $123,521,355 | $38,928,213 |
Gulf Care Inc Cape Coral, FL | $96,060,136 | $33,635,859 |
Senior Care Group Inc Tampa, FL | $31,110,581 | $32,171,523 |
Magnolia Manor Inc Americus, GA | $105,196,135 | $36,011,404 |
Waterman Communities Inc Mount Dora, FL | $148,398,473 | $31,351,619 |
East Ridge Retirement Village Inc Gainesville, FL | $85,059,682 | $27,977,471 |
North Florida Retirement Village Inc Gainesville, FL | $89,998,820 | $32,740,071 |