Good Shepherd Lutheran Home
- Assets
- $5.2m
- Revenue
- $7.3m
- Investments
- $0.0
- Employees
- 201
- Location
- Rushford, MN
- Founding
- 11/1961
- Data as of
- 09/2022
- EIN
- 41-0880871
Organization Overview
Good Shepherd Lutheran Home is located in Rushford, MN. The organization was established in 1961. 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. As of 09/2022, Good Shepherd Lutheran Home employed 201 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Good Shepherd Lutheran Home 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 09/2022, Good Shepherd Lutheran Home generated $7.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $7.2m during the year ending 09/2022. While expenses have increased by 2.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE NURSING HOME/ASSISTED LIVING CARE SERVICES TO THE ELDERLY
Describe the Organization's Program Activity:
PROVIDE SERVICES TO THE ELDERLY THROUGH THE OPERATION OF A 65-BED NURSING HOME, A 15-UNIT ASSISTED LIVING COMPLEX, A 32-UNIT SUBSIDIZED APARTMENT BUILDING, AND A CHILD DAY CARE IN RUSHFORD, MINNESOTA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samantha Colbenson Administrator | Officer | 30 | $84,566 |
Rhonda Spece Chief Financial Officer | Officer | 30 | $67,502 |
Nancy Snyder Vice President | OfficerTrustee | 0.19 | $0 |
David U'ren President | OfficerTrustee | 0.19 | $0 |
Karen Eich Secretary/treasurer | OfficerTrustee | 0.19 | $0 |
Louis Boehmke Director | Trustee | 0.19 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Accountable Healthcare Staffing Travel Staff | 9/29/22 | $152,487 |
Aegis Therapies Inc Therapy Charges | 9/29/22 | $183,153 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $392,459 |
| All other contributions, gifts, grants, and similar amounts not included above | $51,797 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $444,256 |
| Total Program Service Revenue | $6,765,905 |
| Investment income | $61,527 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $46 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$48 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,321,984 |
| 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. | $218,973 |
| Compensation of current officers, directors, key employees. | $218,973 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,777,450 |
| Pension plan accruals and contributions | $36,682 |
| Other employee benefits | $786,594 |
| Payroll taxes | $288,068 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,968 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $561,023 |
| Advertising and promotion | $15,513 |
| Office expenses | $14,678 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $416,474 |
| Travel | $8,529 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $41,416 |
| Interest | $36,225 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $229,138 |
| Insurance | $72,938 |
| All other expenses | $18,385 |
| Total functional expenses | $7,155,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,753 |
| Savings and temporary cash investments | $1,782,153 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $470,371 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $30,296 |
| Prepaid expenses and deferred charges | $121,088 |
| Net Land, buildings, and equipment | $1,309,040 |
| Investments—publicly traded securities | $1,160,852 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $350,736 |
| Total assets | $5,235,289 |
| Accounts payable and accrued expenses | $360,361 |
| 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 | $868,989 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $104,908 |
| Total liabilities | $1,334,258 |
| Net assets without donor restrictions | $3,772,091 |
| Net assets with donor restrictions | $128,940 |
| 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 | $5,235,289 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cedar Falls Lutheran Home Cedar Falls, IA | $37,181,426 | $19,916,708 |
Latino Economic Development Center Saint Paul, MN | $11,641,082 | $19,528,644 |
Madonna Towers Of Rochester Inc Minneapolis, MN | $26,340,928 | $16,247,801 |
Hearth Connection Saint Paul, MN | $2,283,440 | $14,314,767 |
Aptiv Incorporated La Crosse, WI | $4,803,038 | $12,027,224 |
Wayside House Inc St Louis Park, MN | $4,548,768 | $9,185,572 |
Good Shepherd Lutheran Home Rushford, MN | $5,235,289 | $7,321,984 |
Central Iowa Shelter & Services Des Moines, IA | $16,046,844 | $7,232,062 |
Partnership Resources Inc Minneapolis, MN | $2,279,751 | $4,670,067 |
Eastwood Of Ames Inc Spencer, IA | $21,177,734 | $3,310,260 |
Willis Dady Emergency Shelter Inc Cedar Rapids, IA | $7,658,344 | $4,943,373 |
Titonka Community Rest Home Inc Titonka, IA | $1,173,392 | $2,166,094 |