Willamette Lutheran Homes Inc
- Assets
- $2.7m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 126
- Location
- Keizer, OR
- Founding
- 07/1965
- Data as of
- 03/2022
- EIN
- 93-0501838
Organization Overview
Willamette Lutheran Homes Inc is located in Keizer, OR. The organization was established in 1965. 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 03/2022, Willamette Lutheran Homes Inc employed 126 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Willamette 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 03/2022, Willamette Lutheran Homes Inc generated $3.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $3.6m during the year ending 03/2022. While expenses have increased by 2.0% 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
HOUSING AND CARE FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
APARTMENTS, FOOD SERVICE, INFIRMARY AND OTHER RELATED SERVICES IN CARING FOR THE ELDERLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raeann Mcdonald Administrato | $146,960 | ||
Judy Ruscoe Vice Preside | Officer | $0 | |
Chris Veit President | Officer | $0 | |
Nadine Heidelberg Secretary | Officer | $0 | |
Scott Katter Treasurer | Officer | $0 | |
Larry George Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $158,535 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,562 |
| Noncash contributions included in lines 1a–1f | $24,307 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $172,097 |
| Total Program Service Revenue | $3,395,865 |
| Investment income | $10,172 |
| 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 | $3,578,134 |
| 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 | $2,026,007 |
| Pension plan accruals and contributions | $51,550 |
| Other employee benefits | $160,465 |
| Payroll taxes | $169,694 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,453 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,764 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $176 |
| 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 | $152,676 |
| Insurance | $0 |
| All other expenses | $355,581 |
| Total functional expenses | $3,604,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,918 |
| Savings and temporary cash investments | $293,331 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $94,333 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $17,032 |
| Prepaid expenses and deferred charges | $91,800 |
| Net Land, buildings, and equipment | $2,203,737 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,727,151 |
| Accounts payable and accrued expenses | $254,268 |
| Grants payable | $0 |
| Deferred revenue | $1,130,829 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,385,097 |
| Net assets without donor restrictions | $1,342,054 |
| Net assets with donor restrictions | $0 |
| 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 | $2,727,151 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Willamette Lutheran Homes Inc has recieved totaling $27,630.
| Awarding Organization | Amount |
|---|---|
National Association For The Exchange Of Industrial Resources I Galesburg, IL PURPOSE: CARE OF ILL, NEEDY, OR MINOR | $27,630 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rose Villa Inc Portland, OR | $178,624,912 | $20,737,089 |
Terwilliger Plaza Inc Portland, OR | $106,881,043 | $19,753,070 |
Friendsview Manor Newberg, OR | $69,864,265 | $15,837,123 |
Holly Hill Rhf Housing Inc Long Beach, CA | $13,821,718 | $11,879,105 |
Yellowwood Acres Inc Long Beach, CA | $7,846,822 | $12,102,823 |
Lincoln Glen Manor & Intermediate Care San Jose, CA | $25,233,259 | $13,859,036 |
Bixby Knolls Towers Inc Long Beach, CA | $14,435,644 | $11,967,335 |
Solvang Lutheran Home Inc Solvang, CA | $35,503,006 | $14,433,691 |
Inland Empire Public Facilities Corp San Bernardino, CA | $261,437,273 | $10,603,054 |
Bethany Home Society Of San Joaquin County Inc Ripon, CA | $30,144,807 | $13,682,329 |
Cascade Manor Inc Eugene, OR | $42,821,373 | $11,584,077 |
Acacia Creek A Masonic Senior Living Community At Union City San Francisco, CA | $89,943,657 | $12,246,478 |