Lutheran Home For The Aged Association - West
- Assets
- $11.2m
- Revenue
- $14.6m
- Investments
- $0.0
- Employees
- 337
- Location
- Perry, IA
- Founding
- 10/2000
- Data as of
- 08/2023
- EIN
- 42-1402559
Organization Overview
Lutheran Home For The Aged Association - West, operating under the name Perry Lutheran Home, is located in Perry, IA. The organization was established in 2000. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 08/2023, Perry Lutheran Home employed 337 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Perry 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 08/2023, Perry Lutheran Home generated $14.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $12.5m during the year ending 08/2023. While expenses have increased by 8.7% 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
SERVING CHRIST BY SERVING OTHERS WITH NURSING CARE, SKILLED CARE, DEMENTIA CARE, ASSISTED LIVING AND HOMECARE PROVIDED FOR THE ELDERLY AND INFIRM.
Describe the Organization's Program Activity:
PRIVATE AND SEMI-PRIVATE ROOMS, AS WELL AS A HOSPICE CARE SUITE, ARE AVAILABLE FOR PATIENTS RECEIVING LONG-TERM NURSING CARE. DURING THEIR STAY, PATIENTS CAN UTILIZE REHABILITATION SERVICES AS WELL AS SOCIAL AND EDUCATIONAL ACTIVITIES. A FULL-TIME CHAPLAIN IS ALSO AVAILABLE.
A SPECIALTY DEMENTIA-TRAINED STAFF LED BY A CERTIFIED DEMENTIA TRAINER EMPLOYS PRACTICES THAT NURTURE PERSON-CENTERED CARE AND FOSTERS A HOMELIKE ENVIRONMENT FOR MEMORY CARE PATIENTS. EARLY STAGE DEMENTIA NEEDS ARE MET THROUGH A DEMENTIA SPECIFIC LIVING AREA AT SPRING VALLEY CAMPUS. AS RESIDENTS PROGRESS AND NEED MORE CARE, THEY CAN MOVE TO ST. JAMES PLACE. ST. JAMES PLACE FEATURES STATE-OF-THE-ART STIMULUS STATIONS TO KEEP RESIDENTS ENGAGED AND STIMULATED IN A HOMELIKE SETTING. IN THE LATE STAGES OF DEMENTIA, RESIDENTS' NEEDS ARE MET AT ST. JOHNS PLACE, WHICH FEATURES A LOWER STIMULUS ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Board Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $44,749 |
| All other contributions, gifts, grants, and similar amounts not included above | $296,032 |
| Noncash contributions included in lines 1a–1f | $63,789 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $340,781 |
| Total Program Service Revenue | $11,859,596 |
| Investment income | $511 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,300 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,613,259 |
| 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. | $58,275 |
| Compensation of current officers, directors, key employees. | $58,275 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,207,015 |
| Pension plan accruals and contributions | $7,275 |
| Other employee benefits | $467,592 |
| Payroll taxes | $463,319 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $182,636 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $904,163 |
| Advertising and promotion | $0 |
| Office expenses | $596,896 |
| Information technology | $142,168 |
| Royalties | $0 |
| Occupancy | $779,074 |
| Travel | $37,246 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,116 |
| Interest | $361,577 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $396,658 |
| Insurance | $86,078 |
| All other expenses | $0 |
| Total functional expenses | $12,480,572 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,438 |
| Savings and temporary cash investments | $174,623 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $734,755 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,250 |
| Prepaid expenses and deferred charges | $15,821 |
| Net Land, buildings, and equipment | $6,524,129 |
| Investments—publicly traded securities | $4,116 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,659,230 |
| Total assets | $11,218,362 |
| Accounts payable and accrued expenses | $1,602,851 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $16,826 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $8,277,679 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,249,856 |
| Total liabilities | $11,147,212 |
| Net assets without donor restrictions | $71,150 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $11,218,362 |