Lutheran Sunset Ministries
- Assets
- $33.5m
- Revenue
- $11.9m
- Investments
- $15.3m
- Employees
- 208
- Location
- Clifton, TX
- Founding
- 11/1961
- Data as of
- 12/2021
- 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 12/2021, Lutheran Sunset Ministries employed 208 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. 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 12/2021, Lutheran Sunset Ministries generated $11.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $10.7m during the year ending 12/2021. While expenses have increased by 1.9% 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
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
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rodney Rueter President/ceo | Officer | 40 | $128,141 |
Lance Allen Nursing Facility Administr | 40 | $108,910 | |
Michael Hecker Assistant Treasurer | Officer | 40 | $86,520 |
Deborah Pollei Vice Chairman | OfficerTrustee | 1.5 | $0 |
Nancy Bratcher Secretary | OfficerTrustee | 1.5 | $0 |
James Prescher Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Texas Nurse Connection Ltd Medical And Health Care | 12/30/20 | $178,691 |
Bosque Timber Stone & Steel Construction | 12/30/20 | $300,153 |
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 | $1,913,162 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,913,162 |
| Total Program Service Revenue | $9,001,714 |
| Investment income | $142,801 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $631,524 |
| Net Gain/Loss on Asset Sales | $154,450 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,876,398 |
| 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. | $214,661 |
| Compensation of current officers, directors, key employees. | $214,661 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,912,722 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $364,280 |
| Payroll taxes | $386,773 |
| 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 | $30,965 |
| Advertising and promotion | $79,756 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $269,336 |
| Travel | $17,974 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $422,380 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $695,483 |
| Insurance | $196,168 |
| All other expenses | $1,475,926 |
| Total functional expenses | $10,726,029 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $824,781 |
| Savings and temporary cash investments | $2,677,844 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $833,061 |
| 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 | $46,365 |
| Net Land, buildings, and equipment | $13,799,921 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $15,330,730 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $33,524,752 |
| Accounts payable and accrued expenses | $421,608 |
| 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 | $10,211,155 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $141,706 |
| Total liabilities | $10,774,469 |
| Net assets without donor restrictions | $14,685,827 |
| Net assets with donor restrictions | $8,064,456 |
| 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 | $33,524,752 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lutheran Sunset Ministries has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Mark And Tracie Monroe Family Foundation Austin, TX PURPOSE: GENERAL SUPPORT | $500 |
Endowment Analysis
| Beg. Balance | $7,020,552 |
| Earnings | $772,846 |
| Net Contributions | $463,543 |
| Other Expense | $192,485 |
| Ending Balance | $8,064,456 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Presbyterian Village North Dallas, TX | $220,743,885 | $46,469,442 |
Montereau Inc Tulsa, OK | $185,837,162 | $41,785,985 |
Buckner Senior Living Inc Dallas, TX | $215,344,263 | $20,049,948 |
La Vida Llena Albuquerque, NM | $163,809,368 | $31,265,301 |
The Legacy Midtown Park Inc Dallas, TX | $173,980,133 | $7,399,995 |
Bst Senior Living West Inc San Antonio, TX | $112,083,644 | $24,466,156 |
Incarnate Word Retirement Community Inc San Antonio, TX | $10,969,268 | $19,152,851 |
Neighborhood In Rio Rancho Rio Rancho, NM | $43,319,912 | $14,930,529 |
Woldenberg Village Inc New Orleans, LA | $27,827,418 | $14,584,574 |
Bst Senior Living East Inc San Antonio, TX | $59,251,034 | $9,119,781 |
George Gervin Youth Center Inc San Antonio, TX | $26,261,586 | $16,043,559 |
Methodist Retirement Communities The Woodlands, TX | $24,592,359 | $13,174,524 |