Lutheran Brethren Retirement Services Inc
- Assets
- $3.9m
- Revenue
- $11.5m
- Investments
- $0.0
- Employees
- 345
- Location
- Fergus Falls, MN
- Founding
- 04/1974
- Data as of
- 04/2021
- EIN
- 41-1597277
Organization Overview
Lutheran Brethren Retirement Services Inc is located in Fergus Falls, MN. The organization was established in 1974. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 04/2021, Lutheran Brethren Retirement Services Inc employed 345 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Lutheran Brethren Retirement Services 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 04/2021, Lutheran Brethren Retirement Services Inc generated $11.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $11.7m during the year ending 04/2021. While expenses have increased by 4.8% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
NURSING HOME AND APARTMENT RENTAL FOR THE ELDERLY AND DISABLED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NURSING HOME & APARTMENT RENTAL FOR THE ELDERLY AND DISABLED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Zwiers Adm. | Officer | 30 | $126,473 |
Leland R Rogness Chairman | Officer | 2 | $0 |
Tom Moline Vice Chair | Officer | 2 | $0 |
Ron Furham Secretary | Officer | 2 | $0 |
Gaylord Folden Director | Trustee | 2 | $0 |
Paul Larson Direcr | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $6,935 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,454,942 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $669,975 |
| Other salaries and wages | $6,570,154 |
| Pension plan accruals and contributions | $96,508 |
| Other employee benefits | $419,709 |
| Payroll taxes | $435,398 |
| Fees for services: Management | $57,888 |
| Fees for services: Legal | $3,227 |
| Fees for services: Accounting | $46,995 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,481 |
| Office expenses | $32,911 |
| Information technology | $107,334 |
| Royalties | $0 |
| Occupancy | $480 |
| Travel | $9,049 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $165,892 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $318,925 |
| Insurance | $105,705 |
| All other expenses | $0 |
| Total functional expenses | $11,654,136 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,603 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $801,561 |
| 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 | $80,352 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,064 |
| Total assets | $3,850,160 |
| Accounts payable and accrued expenses | $263,077 |
| 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 | $5,315,850 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,278,909 |
| Total liabilities | $6,857,836 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | -$3,007,676 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lutheran Brethren Retirement Services Inc has recieved totaling $5,809.
| Awarding Organization | Amount |
|---|---|
Lb Homes Foundation Inc Fergus Falls, MN PURPOSE: PROMOTE NURSING AND ASSISTED LIVING CARE FOR THE ELDERLY | $5,809 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lindengrove Inc Brookfield, WI | $53,159,981 | $37,652,858 |
Benevolent Corporation Cedar Community West Bend, WI | $115,395,812 | $41,115,280 |
Volunteers Of America Care Facilities Eden Prairie, MN | $34,098,364 | $41,433,516 |
Valley Senior Services Alliance Roseville, MN | $92,212,429 | $35,168,419 |
Saint Therese Of New Hope St Louis Park, MN | $31,804,224 | $36,427,083 |
Saint Johns Communities Inc Milwaukee, WI | $267,147,546 | $26,978,103 |
Presbyterian Homes Of Arden Hills Inc Roseville, MN | $68,220,110 | $29,055,542 |
Colonial Acres Home Inc Minneapolis, MN | $44,505,030 | $24,567,557 |
Minnesota Masonic Home Care Center Bloomington, MN | $30,061,653 | $29,200,433 |
United Lutheran Program For The Aging Inc Wauwatosa, WI | $44,109,199 | $32,538,554 |
Walker Methodist Health Center Inc Minnetonka, MN | $38,407,480 | $30,508,941 |
St Camillus Health Center Inc Wauwatosa, WI | $17,344,882 | $23,323,264 |