Sapphire Lutheran Homes Inc
- Assets
- $8.4m
- Revenue
- $3.8m
- Investments
- $185.4k
- Employees
- 96
- Location
- Hamilton, MT
- Founding
- 06/1989
- Data as of
- 12/2021
- EIN
- 81-0452190
Organization Overview
Sapphire Lutheran Homes Inc is located in Hamilton, MT. The organization was established in 1989. 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 12/2021, Sapphire Lutheran Homes Inc employed 96 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sapphire Lutheran Homes 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, Sapphire Lutheran Homes Inc generated $3.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $3.9m during the year ending 12/2021. While expenses have increased by 4.3% 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
QUALITY HOUSING FOR THE ELDERLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY BASED RETIREMENT FACILITY ESTABLISHED TO MEET THE PHYSICAL AND SOCIAL NEEDS OF SENIOR CITIZENS IN THIS COMMUNITY. IT PROVIDES TOTAL UNSUBSIDIZED CONGREGATE LIVING INCLUDING HOUSING, TWO MEALS/DAY, BASIC HOUSEKEEPING AND MAINTENANCE AMENITIES FOR 28 APARTMENTS AND FOR 13 CATEGORY A ASSISTED LIVING APARTMENTS. TOTAL 41 APARTMENTS.
COMMUNITY BASED ASSISTED LIVING FACILITY ESTABLISHED TO MEET THE PHYSICAL AND SOCIAL NEEDS OF SENIOR CITIZENS IN THE COMMUNITY. IT PROVIDES TOTAL UNSUBSIDIZED CONGREGATE LIVING INCLUDING HOUSING, THREEE MEALS/DAY, BASIC HOUSEKEEPING AND MAINTENANCE AMENITIES FOR 22 APARTMENTS AND 13 CATEGORY C ASSISTED LIVING APARTMENTS. SEVEN OF THE 35 APARTMENTS ARE SET ASIDE TO SPECIFICALLY SERVE LOW INCOME RESIDENTS. 35 TOTAL RESIDENT APARTMENTS.
LOW INCOME HUD PROJECT PROVIDING QUALITY HOUSING TO LOW INCOME,PREDOMINANTLY ELDERLY RESIDENTS, WITH 10% OF UNITS DESIGNATED FOR YOUNGER/DISABLED RESIDENTS, WHO QUALIFY FOR PROJECT BASED SECTION 8 RENTAL ASSISTANCE. 60 TOTAL APARTMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Bean President | OfficerTrustee | 0 | $0 |
Celeste Pogachar Secretary | OfficerTrustee | 0 | $0 |
Ann Damrow Vice President | OfficerTrustee | 0 | $0 |
Dean Drake Director | Trustee | 0 | $0 |
Bill Rummel Director | Trustee | 0 | $0 |
Dale Huhtanen Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $181,107 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,195 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $196,302 |
| Total Program Service Revenue | $3,556,474 |
| Investment income | $32,806 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $50,261 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,835,843 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,715,792 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $80,331 |
| Payroll taxes | $129,522 |
| Fees for services: Management | $141,427 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $47,465 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,233 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,255 |
| Office expenses | $40,193 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $204,992 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $134,323 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $335,157 |
| Insurance | $145,633 |
| All other expenses | $170,203 |
| Total functional expenses | $3,869,121 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,187 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $11,720 |
| Accounts receivable, net | $448,365 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,429 |
| Inventories for sale or use | $48,584 |
| Prepaid expenses and deferred charges | $48,559 |
| Net Land, buildings, and equipment | $5,615,510 |
| Investments—publicly traded securities | $1,965,807 |
| Investments—other securities | $185,404 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,364 |
| Total assets | $8,356,929 |
| Accounts payable and accrued expenses | $390,686 |
| Grants payable | $0 |
| Deferred revenue | $346,605 |
| Tax-exempt bond liabilities | $3,804,864 |
| 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 | $66,358 |
| Total liabilities | $4,608,513 |
| Net assets without donor restrictions | $3,558,512 |
| Net assets with donor restrictions | $189,904 |
| 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 | $8,356,929 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sapphire Lutheran Homes Inc has recieved totaling $200.
| Awarding Organization | Amount |
|---|---|
Mark & Mimi Jergens Foundation Victor, MT PURPOSE: SUPPORT FOR ABUSED WOMEN'S SHELTER | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dow Rummel Village Sioux Falls, SD | $76,421,386 | $18,523,416 |
St Lukes Home Dickinson, ND | $16,873,133 | $14,675,341 |
Jenkins Living Center Inc Watertown, SD | $13,703,611 | $12,900,804 |
Missions United Inc Billings, MT | $58,330,766 | $11,930,517 |
Eastern Idaho Community Action Partnership Inc Idaho Falls, ID | $10,497,417 | $11,009,429 |
Hill Top Home Of Comfort Inc Killdeer, ND | $11,373,382 | $7,974,498 |
Bethel Lutheran Home Madison, SD | $8,309,660 | $6,644,491 |
Summit Independent Living Center Missoula, MT | $3,829,227 | $6,392,636 |
Soaring Eagle Billings, MT | $17,200,025 | $5,165,377 |
Sublette Center Pinedale, WY | $6,401,209 | $4,486,724 |
Tri-County Retirement & Nursing Hatton, ND | $5,936,255 | $4,360,538 |
Sapphire Lutheran Homes Inc Hamilton, MT | $8,356,929 | $3,835,843 |