Lura Turner Homes Inc
- Assets
- $2.1m
- Revenue
- $1.7m
- Investments
- $570.0k
- Employees
- 39
- Location
- Phoenix, AZ
- Founding
- 08/1972
- Data as of
- 06/2022
- EIN
- 86-0208652
Organization Overview
Lura Turner Homes Inc is located in Phoenix, AZ. The organization was established in 1972. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 06/2022, Lura Turner Homes Inc employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lura Turner 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 06/2022, Lura Turner Homes Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $1.8m during the year ending 06/2022. While expenses have increased by 6.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
RESIDENTIAL HOMES FOR ADULTS WITH DEVELOPMENTAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES TWO GROUP HOMES, ONE ASSISTED LIVING HOME AND ONE DAY PROGRAM FOR ADULTS WITH DEVELOPMENTAL DISABILTIES.
DAY TRAINING FOR ADULTS: A SMALL DAY PROGRAM FOR ADULTS. THE EDUCATIONAL AND SOCIAL CONTENT OF THIS DES DDD-LICENSED DAY TRAINING FOR ADULTS IS GEARED TOWARD OLDER DEVELOPMENTALLY DISABLED ADULTS WHO ARE RETIRED OR SEMI-RETIRED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Lake Director | Trustee | 1 | $0 |
Don Campbell Vice President | OfficerTrustee | 1 | $0 |
John Maddox Treasurer | OfficerTrustee | 1 | $0 |
Becky Stingle President | OfficerTrustee | 1 | $0 |
Robert Dubasik Director | Trustee | 1 | $0 |
Stephen Gerst Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $30,451 |
| Related organizations | $0 |
| Government grants | $27,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $311,735 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $369,686 |
| Total Program Service Revenue | $1,325,518 |
| Investment income | $40,872 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,819 |
| Net Income from Fundraising Events | -$14,731 |
| Net Income from Gaming Activities | $778 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,729,942 |
| 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. | $53,738 |
| Compensation of current officers, directors, key employees. | $10,748 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,206,975 |
| Pension plan accruals and contributions | $3,573 |
| Other employee benefits | $102,573 |
| Payroll taxes | $98,749 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,029 |
| Fees for services: Other | $609 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $60,632 |
| Travel | $7,155 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,516 |
| Insurance | $62,129 |
| All other expenses | $15,548 |
| Total functional expenses | $1,843,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,453 |
| Savings and temporary cash investments | $138,794 |
| Pledges and grants receivable | $7,000 |
| Accounts receivable, net | $216,697 |
| 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 | $57,600 |
| Net Land, buildings, and equipment | $472,194 |
| Investments—publicly traded securities | $73,432 |
| Investments—other securities | $570,021 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $398,520 |
| Total assets | $2,061,711 |
| Accounts payable and accrued expenses | $56,235 |
| Grants payable | $0 |
| Deferred revenue | $63,701 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $58,439 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $241,747 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $420,122 |
| Net assets without donor restrictions | $879,860 |
| Net assets with donor restrictions | $761,729 |
| 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 | $2,061,711 |