Lutheran Gardens Corporation
- Assets
- $8.3m
- Revenue
- $223.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Anaheim, CA
- Founding
- 02/1997
- Data as of
- 06/2021
- EIN
- 95-3316490
Organization Overview
Lutheran Gardens Corporation is located in Anaheim, CA. The organization was established in 1997. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lutheran Gardens Corporation 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 06/2021, Lutheran Gardens Corporation generated $223.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (36.8%) each year. All expenses for the organization totaled $64.4k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (34.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF ORGANIZATIONS PROVIDING AFFORDABLE HOUSING TO PERSONS WITH LOW INCOME
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Merritt President | 25 | $31,900 | |
Anthony Calloway Assistant CFO | 5 | $0 | |
Tangela Brown Assistant Sec | 5 | $0 | |
Randall Simmrin Secretary & CFO | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $219,081 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,661 |
| Total Revenue | $223,742 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $31,900 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,220 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $777 |
| Printing and publications | $0 |
| Other expenses | $6,621 |
| Total operating and administrative expenses | $64,439 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $64,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500,826 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $5,470,996 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,303,975 |
| Total assets | $8,275,797 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $102,336 |
| Other liabilities | $279,844 |
| Total liabilities | $382,180 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kaweah Management Company Visalia, CA | $89,940,808 | $9,935,142 |
Many Mansions A California Non Profit Corporation Thousand Oaks, CA | $49,275,263 | $6,482,508 |
Habitat For Humanity International Inc Bend, OR | $14,216,100 | $11,437,404 |
Central Valley Low Income Housing Corporation Stockton, CA | $1,196,462 | $6,920,915 |
Hopelink Of Southern Nevada Henderson, NV | $2,897,801 | $7,179,714 |
New Economics For Women Los Angeles, CA | $39,265,644 | $7,599,995 |
Innovative Housing Inc Portland, OR | $72,167,425 | $8,053,529 |
Charities Housing Development Corp Of Santa Clara County San Jose, CA | $123,331,448 | $9,533,186 |
Hawaii Assisted Housing Inc Honolulu, HI | $9,716,019 | $6,363,305 |
Nikkei Senior Gardens Arleta, CA | $17,603,501 | $5,624,678 |
Riverside Community Housing Corporation Riverside, CA | $11,750,399 | $5,118,956 |
Housing Development Partners Of San Diego San Diego, CA | $64,899,022 | $5,565,742 |