Graceworks Lutheran Services
- Assets
- $148.5m
- Revenue
- $59.3m
- Investments
- $0.0
- Employees
- 1,070
- Location
- Dayton, OH
- Founding
- 09/1985
- Data as of
- 12/2021
- EIN
- 31-0540159
Organization Overview
Graceworks Lutheran Services is located in Dayton, OH. The organization was established in 1985. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2021, Graceworks Lutheran Services employed 1,070 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Graceworks Lutheran Services 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, Graceworks Lutheran Services generated $59.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $56.9m during the year ending 12/2021. While expenses have increased by 3.0% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP PEOPLE EXPERIENCE DIGNITY & WHOLENESS IN RELATIONSHIP WITH GOD, FAMILY & COMMUNITY.
Describe the Organization's Program Activity:
BETHANY LUTHERAN VILLAGE PROVIDED HEALTH AND RESIDENTIAL SERVICES TO MORE THAN 750 OLDER ADULTS WHO LIVE AT BETHANY VILLAGE (BETHANY), A CONTINUING CARE RETIREMENT COMMUNITY THAT INCLUDES A CHRONIC HEALTH CARE AND SKILLED REHABILITATION FACILITY (LINDEN HOUSE), A MEMORY SUPPORT UNIT (COURTYARD PARK), ASSISTED LIVING FACILITIES (CRESCENT CROSSING AND PAVILION) AND RESIDENTIAL LIVING RESIDENCES (VISTA PLACE, HOMESTEAD, PARK RIDGE PLACE, COTTAGES, GRAND COTTAGES AND VILLAS), ALL ON 100 ACRES.BETHANY PROVIDED SHORT-TERM, GOAL-ORIENTED THERAPY AND NURSING CARE TO 645 PEOPLE AT THE BETHANY REHABILITATION CENTER. OVER 60% OF THE PEOPLE SERVED RETURNED TO THEIR PREVIOUS HOMES AFTER RECOVERY. BETHANY PROVIDED OVER $3.6 MILLION IN UNCOMPENSATED CHARITABLE CARE DURING THE PERIOD. ALL RESIDENTS, REGARDLESS OF ABILITY TO PAY, RECEIVE PRIVATE ROOMS AND HOLISTIC CARE THAT PROVIDES FOR THEIR PHYSICAL, SOCIAL, PSYCHOLOGICAL, EMOTIONAL AND SPIRITUAL NEEDS. VOLUNTEER SERVICES PROVIDED OPPORTUNITIES FOR 147 VOLUNTEERS TO FAITHFULLY CARE FOR THE NEEDS OF THOSE WHOM WE SERVE THROUGH 10,002 HOURS OF VARIOUS SUBSIDIZED CHARITABLE SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judy A Budi President & CEO | Officer | 26 | $334,672 |
Michael W Allen V-P, Finance & Facilities | Officer | 26 | $233,295 |
Dawn L Barhorst V-P, Human Resources | Officer | 30 | $163,812 |
Dwight D Morgan Director, Tis | 30 | $162,984 | |
Jackie A D'aurora V-P, Marketing & Public Relations | Officer | 30 | $155,896 |
Lauren E Coyle Administrator | 40 | $153,734 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ohlmann Group Advertising & Marketing Services | 12/30/21 | $643,654 |
Sentrics Technology Services | 12/30/21 | $571,526 |
Oberer Thompson Company Construction Services | 12/30/21 | $1,899,831 |
Plante Moran Living Forward Financial & Owner's Rep Services | 12/30/21 | $213,746 |
Rsm Us Llp Accounting & Tax Services | 12/30/21 | $216,135 |
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 | $956,847 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $956,847 |
| Total Program Service Revenue | $53,554,185 |
| Investment income | $1,856,724 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $81,092 |
| Net Gain/Loss on Asset Sales | $2,849,034 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,907 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $59,310,713 |
| 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. | $965,225 |
| Compensation of current officers, directors, key employees. | $965,225 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,062,642 |
| Pension plan accruals and contributions | $347,305 |
| Other employee benefits | $3,750,687 |
| Payroll taxes | $2,054,260 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $93,153 |
| Fees for services: Accounting | $79,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $45,186 |
| Fees for services: Other | $0 |
| Advertising and promotion | $307,616 |
| Office expenses | $148,414 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,260,527 |
| Travel | $34,804 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,072 |
| Interest | $3,985,219 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,803,496 |
| Insurance | $484,889 |
| All other expenses | $2,482,273 |
| Total functional expenses | $56,903,611 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,450,589 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,315,039 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $168,198 |
| Prepaid expenses and deferred charges | $1,940,656 |
| Net Land, buildings, and equipment | $89,894,268 |
| Investments—publicly traded securities | $44,572,186 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,206,580 |
| Total assets | $148,547,516 |
| Accounts payable and accrued expenses | $5,709,393 |
| Grants payable | $0 |
| Deferred revenue | $29,150,293 |
| Tax-exempt bond liabilities | $81,848,189 |
| Escrow or custodial account liability | $42,915 |
| 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 | $116,750,790 |
| Net assets without donor restrictions | $31,440,705 |
| Net assets with donor restrictions | $356,021 |
| 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 | $148,547,516 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Graceworks Lutheran Services has recieved totaling $235,165.
| Awarding Organization | Amount |
|---|---|
Thrivent Charitable Impact & Investing Appleton, WI PURPOSE: GENERAL SUPPORT | $226,371 |
The United Way Of The Greater Dayton Area Dayton, OH PURPOSE: DONOR DESIGNATED GENERAL | $8,794 |
Endowment Analysis
| Beg. Balance | $356,109 |
| Earnings | $28,207 |
| Other Expense | $28,296 |
| Ending Balance | $356,020 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Samaritas Detroit, MI | $92,322,257 | $101,009,415 |
Indiana Members Credit Union Indianapolis, IN | $2,918,005,380 | $115,174,004 |
Talbert House Cincinnati, OH | $31,118,204 | $71,372,789 |
Dismas Charities Inc Louisville, KY | $50,549,022 | $73,995,842 |
Northeast Michigan Community Service Agency Inc Alpena, MI | $18,757,719 | $61,175,867 |
Graceworks Lutheran Services Dayton, OH | $148,547,516 | $59,310,713 |
Stepforward Cleveland, OH | $18,985,030 | $54,230,994 |
Cincinnati-Hamilton County Community Action Agency Cincinnati, OH | $18,344,887 | $51,573,356 |
Catholic Charities Corporation Cleveland, OH | $62,419,322 | $52,175,078 |
Great Lakes Community Action Partnership Fremont, OH | $28,522,004 | $53,103,851 |
Audubon Area Community Services Inc Owensboro, KY | $41,933,406 | $49,214,124 |
Elrc4kids Inc Greensburg, PA | $6,335,708 | $42,009,228 |