Lutheran Homes Of Michigan Inc

Organization Overview

Lutheran Homes Of Michigan Inc, operating under the name Wellspring Lutheran Services, is located in Saginaw, MI. The organization was established in 1941. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2021, Wellspring Lutheran Services employed 685 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wellspring 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 12/2020, Wellspring Lutheran Services generated $38.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $36.0m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

MOTIVATED BY CHRIST'S LOVE, WE ENGAGE PEOPLE AS THEY EXPERIENCE AND EMBRACE THEIR GOD-GIVEN POTENTIAL.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SKILLED NURSING CARE UNIT AND HOME FOR THE AGED UNIT PROVIDED 50,452 DAYS OF CARE AND 8,170 DAYS OF REHABILITATION, ROOM AND BOARD, NURSING CARE AND RELIGIOUS SERVICES FOR RESIDENTS OF TWO NURSING HOMES


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$41,500
Government grants $7,589,370
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$7,630,870
Total Program Service Revenue$27,879,717
Investment income $464,455
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $17,520
Net Gain/Loss on Asset Sales $406,062
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $38,263,375

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Lutheran Homes Of Michigan Inc has recieved totaling $16,120.

Awarding OrganizationAmount
Lutheran Homes Of Michigan Foundation

Saginaw, MI

PURPOSE: GENERAL SUPPORT

$6,597
Emil@walter Charitable Trust

Pittsburgh, PA

PURPOSE: GENERAL SUPPORT

$3,928
Olga Schiefer Charitable Tr

Pittsburgh, PA

PURPOSE: GENERAL SUPPORT

$3,195
Gustave And Hilda Bierlein Tr

Pittsburgh, PA

PURPOSE: GENERAL SUPPORT

$2,400
View Grant Recipient Profile

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