Lutheran Sunset Ministries
- Assets
- $32.1m
- Revenue
- $10.8m
- Investments
- $12.8m
- Employees
- 223
- Location
- Clifton, TX
- Founding
- 11/1961
- Data as of
- 12/2022
- EIN
- 74-1211662
Organization Overview
Lutheran Sunset Ministries is located in Clifton, TX. 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 12/2022, Lutheran Sunset Ministries employed 223 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lutheran Sunset Ministries 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 12/2022, Lutheran Sunset Ministries generated $10.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $10.9m during the year ending 12/2022. While expenses have increased by 1.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LONG-TERM CARE, ASSISTED LIVING, AND INDEPENDENT LIVING FACILITIES FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LONG-TERM CARE FACILITY (NURSING HOME) AND ASSISTED LIVING FACILITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Bratcher Chairman | OfficerTrustee | 1.5 | $0 |
Deborah Pollei Vice Chairman | OfficerTrustee | 1.5 | $0 |
James Prescher Secretary/treasurer | OfficerTrustee | 1.5 | $0 |
Rev Tom Beers Director | Trustee | 1 | $0 |
Dr Leslie Bennett Director | Trustee | 1 | $0 |
Stephanie Abright Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Texas Nurse Connection Ltd Medical And Health Care | 12/30/22 | $254,244 |
Green Shield Spray Foam Insulation Nonemployee Compensation | 12/30/22 | $100,500 |
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 | $407,698 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $407,698 |
| Total Program Service Revenue | $9,366,171 |
| Investment income | $169,296 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $722,932 |
| Net Gain/Loss on Asset Sales | $46,023 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,760,740 |
| 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. | $215,320 |
| Compensation of current officers, directors, key employees. | $215,320 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,280,549 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $411,579 |
| Payroll taxes | $404,408 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Advertising and promotion | $76,059 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $314,642 |
| Travel | $13,190 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $410,117 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $707,744 |
| Insurance | $234,348 |
| All other expenses | $1,128,913 |
| Total functional expenses | $10,870,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $748,787 |
| Savings and temporary cash investments | $2,776,235 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,370,857 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,050 |
| Prepaid expenses and deferred charges | $47,587 |
| Net Land, buildings, and equipment | $13,344,714 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $12,845,799 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $32,146,029 |
| Accounts payable and accrued expenses | $898,102 |
| 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 | $9,908,256 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $152,556 |
| Total liabilities | $10,958,914 |
| Net assets without donor restrictions | $14,122,805 |
| Net assets with donor restrictions | $7,064,310 |
| 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 | $32,146,029 |