Lutheran Home Foundation Inc
- Assets
- $12.5m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Wauwatosa, WI
- Founding
- 06/1984
- Data as of
- 12/2023
- EIN
- 39-1478794
Organization Overview
Lutheran Home Foundation Inc is located in Wauwatosa, WI. The organization was established in 1984. According to its NTEE Classification (L80) the organization is classified as: Housing Support, 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 Home Foundation 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 12/2023, Lutheran Home Foundation Inc generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (20.2%) each year. All expenses for the organization totaled $792.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (12.0%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE LUTHERAN HOME FOUNDATION, INC. IS A NONPROFIT ORGANIZATION THAT RAISES, STEWARDS AND DISTRIBUTES FUNDS TO SUSTAIN AND ADVANCE THE CHRISTIAN MISSION OF THE LUTHERAN HOME, INC. AND HARWOOD PLACE, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF THE LUTHERAN HOME, INC. - DURING THE YEAR, THE LUTHERAN HOME FOUNDATION, INC. MADE DONATIONS TO THE LUTHERAN HOME, INC. FOR RESTRICTED CONTRIBUTIONS DESIGNATED FOR LUTHERAN HOME USE.
SCHOLARSHIPS - THE PURPOSE IS TO PROVIDE CONTINUING EDUCATION TO THE EMPLOYEES OF THE LUTHERAN HOME, INC. AND HARWOOD PLACE, INC.
SUPPORT OF HARWOOD PLACE, INC. - THE LUTHERAN HOME FOUNDATION, INC. MAKES DONATIONS TO HARWOOD PLACE, INC. FOR RESTRICTED CONTRIBUTIONS DESIGNATED FOR HARWOOD USE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diana Raasch Chairperson | OfficerTrustee | 1 | $0 |
Ben Juech Vice Chairperson | OfficerTrustee | 1 | $0 |
Tom Gale Treasurer | OfficerTrustee | 1 | $0 |
Janelle Meyer-Brown Secretary | OfficerTrustee | 1 | $0 |
Bill Carrera Director | Trustee | 1 | $0 |
Rich Erickson Director | Trustee | 1 | $0 |
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 | $1,116,638 |
| Noncash contributions included in lines 1a–1f | $5,318 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,116,638 |
| Total Program Service Revenue | $0 |
| Investment income | $269,827 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $42,112 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,428,577 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $253,510 |
| Grants and other assistance to domestic individuals. | $24,429 |
| 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 | $312,505 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,902 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,462 |
| Fees for services: Other | $17,618 |
| Advertising and promotion | $10,982 |
| Office expenses | $8,237 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $63,149 |
| Travel | $11,246 |
| 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 | $527 |
| Insurance | $28,756 |
| All other expenses | $0 |
| Total functional expenses | $792,897 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,140,959 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,318,073 |
| Accounts receivable, net | $21,927 |
| 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 | $419,864 |
| Net Land, buildings, and equipment | $643,051 |
| Investments—publicly traded securities | $7,533,376 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,384,856 |
| Total assets | $12,462,106 |
| Accounts payable and accrued expenses | $419 |
| 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 | $216,679 |
| Total liabilities | $217,098 |
| Net assets without donor restrictions | $10,647,595 |
| Net assets with donor restrictions | $1,597,413 |
| 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 | $12,462,106 |
Grants Awarded
Over the last fiscal year, Lutheran Home Foundation Inc has awarded $2,238,447 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE LUTHERAN HOME INC PURPOSE: PROPERTY UPGRADES | $2,233,253 |
HARWOOD PLACE INC PURPOSE: PROPERTY UPGRADES | $5,194 |