Good Shepherd Lutheran Home
- Assets
- $5.3m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 201
- Location
- Rushford, MN
- Founding
- 11/1961
- Data as of
- 09/2023
- 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 09/2023, 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 09/2023, Good Shepherd Lutheran Home generated $7.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $7.3m during the year ending 09/2023. While expenses have increased by 2.2% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE QUALITY OF LIFE BY MEETING PEOPLE'S NEEDS, EXCEEDING EXPECTATIONS AND ENRICHING LIFE EXPERIENCES TO THOSE CONNECTED BY THE COMMUNITY.
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 |
|---|---|---|---|
Jack Culhane President | OfficerTrustee | 1.5 | $0 |
Nancy Snyder Vice President | OfficerTrustee | 0.19 | $0 |
Karen Eich Secretary/treasurer | OfficerTrustee | 0.19 | $0 |
Louis Boehmke Director | Trustee | 0.19 | $0 |
Sonja Cook Director | Trustee | 0.19 | $0 |
Luanne Dvorak Director | Trustee | 0.19 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aegis Therapies Inc Therapy Charges | 9/29/23 | $182,054 |
Martin Bros Distributing Dietary Supplies | 9/29/23 | $259,766 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $37,664 |
| All other contributions, gifts, grants, and similar amounts not included above | $55,223 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $92,887 |
| Total Program Service Revenue | $6,824,222 |
| Investment income | $68,825 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $68 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$878 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,021,398 |
| 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. | $223,503 |
| Compensation of current officers, directors, key employees. | $223,503 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,612,422 |
| Pension plan accruals and contributions | $35,686 |
| Other employee benefits | $819,825 |
| Payroll taxes | $275,737 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $47,339 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $890,913 |
| Advertising and promotion | $21,061 |
| Office expenses | $217,077 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $250,812 |
| Travel | $4,081 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,699 |
| Interest | $33,204 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $216,221 |
| Insurance | $79,907 |
| All other expenses | $72,081 |
| Total functional expenses | $7,325,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,698 |
| Savings and temporary cash investments | $1,779,297 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $388,602 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $42,256 |
| Prepaid expenses and deferred charges | $109,041 |
| Net Land, buildings, and equipment | $1,272,969 |
| Investments—publicly traded securities | $1,353,687 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $362,316 |
| Total assets | $5,341,866 |
| Accounts payable and accrued expenses | $449,004 |
| Grants payable | $0 |
| Deferred revenue | $243,037 |
| 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 | $802,514 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $100,085 |
| Total liabilities | $1,594,640 |
| Net assets without donor restrictions | $3,613,687 |
| Net assets with donor restrictions | $133,539 |
| 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 | $5,341,866 |