Lutheran Home At Moorestown Inc
- Assets
- $4.6m
- Revenue
- $156.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Burlington, NJ
- Founding
- 04/1988
- Data as of
- 12/2021
- EIN
- 21-0643360
Organization Overview
Lutheran Home At Moorestown Inc, operating under the name Lutheran Crossings At Moorestown At Moorestown, is located in Burlington, NJ. The organization was established in 1988. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Lutheran Crossings At Moorestown At Moorestown 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 Crossings At Moorestown At Moorestown generated $156.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (49.6%) each year. All expenses for the organization totaled $182.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (48.5%) per year over the past 7 years. 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
A FAITH-BASED SKILLED NURSING AND ASSISTED LIVING CARE FACILITY FOR ELDERLY RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIOR TO ITS SALE, LUTHERAN HOME AT MOORESTOWN (LHM) PROVIDED SUB-ACUTE REHABILITATION, SKILLED NURSING CARE, AND ASSISTED LIVING TO RESIDENTS THROUGH THE OPERATION OF A HEALTHCARE FACILITY LICENSED FOR 201 NURSING BEDS AND 64 ASSISTED LIVING BEDS ON A 13-ACRE CAMPUS IN MOORESTOWN, NEW JERSEY. LHM'S CAMPUS ALSO INCLUDED A REGISTERED HISTORIC BUILDING, THE BREIDENHART CASTLE. LHM WAS SOLD TO AN INDEPENDENT THIRD PARTY ON JANUARY 30, 2020 AND IS IN THE PROCESS OF CLOSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Brad Hildebrandt President | OfficerTrustee | 0.5 | $0 |
Edward P Noble Treasurer | OfficerTrustee | 0.5 | $0 |
Colleen P Frankenfield President & CEO | OfficerTrustee | 10 | $0 |
Kenneth Van Dongen Vice President | OfficerTrustee | 0.5 | $0 |
Juhan Runne Secretary | OfficerTrustee | 0.5 | $0 |
Jeannine Richman Sr Vice President & CFO | Officer | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Genesis Rehabilitation Services Rehabilitation Services | 12/30/19 | $582,668 |
Nurse Staffers Inc Nursing Agency | 12/30/19 | $268,068 |
Nutrition Management Services Co Dining, Housekeeping & Maintenance | 12/30/19 | $2,551,602 |
All American Healthcare Services Inc Nursing Agency | 12/30/19 | $219,065 |
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 | $152,928 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $152,928 |
| Total Program Service Revenue | $0 |
| Investment income | $3,523 |
| 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 | $156,455 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,615 |
| Fees for services: Accounting | $2,938 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,744 |
| Advertising and promotion | $0 |
| Office expenses | $182 |
| Information technology | $14,047 |
| Royalties | $0 |
| Occupancy | $118 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $117,181 |
| All other expenses | $0 |
| Total functional expenses | $182,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $903,659 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $336,358 |
| 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 | $152,768 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,250,169 |
| Total assets | $4,642,954 |
| Accounts payable and accrued expenses | $265,985 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $265,985 |
| Net assets without donor restrictions | $4,224,041 |
| Net assets with donor restrictions | $152,928 |
| 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 | $4,642,954 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lutheran Home At Moorestown Inc has recieved totaling $97,681.
| Awarding Organization | Amount |
|---|---|
William C Herdle Foundation Las Vegas, NV PURPOSE: GENERAL OPERATING | $97,681 |
Endowment Analysis
| Beg. Balance | $1,140,982 |
| Earnings | -$11,415 |
| Admin Expense | $1,106,868 |
| Net Contributions | $9,581 |
| Other Expense | $32,280 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Communities Of Don Guanella And Divine Providence Philadelphia, PA | $32,652,793 | $61,764,962 |
Arc Ocean County Chapter Lakewood, NJ | $28,493,804 | $32,257,873 |
Center For Community Action Everett, PA | $8,701,097 | $31,029,882 |
Community Housing Innovations Inc White Plains, NY | $68,684,135 | $30,486,174 |
Educational Housing Services Inc New York, NY | $147,607,496 | $20,918,839 |
Vanderheyden Hall Inc Wynantskill, NY | $10,154,920 | $26,980,074 |
The Center For New York City New York, NY | $125,177,702 | $23,546,233 |
Wellspan Properties Inc York, PA | $178,389,137 | $19,225,192 |
Rebecca Residence Allison Park, PA | $63,370,668 | $20,665,205 |
Alliance For Behavioral & Developmental Disabilities Ltd Hermitage, PA | $7,380,317 | $14,591,071 |
Building Homes For Heroes Inc Island Park, NY | $15,491,113 | $13,729,241 |
Taconic Innovations Inc Wappingers Falls, NY | $14,026,966 | $12,196,980 |