St Luke Homes & Services Inc
- Assets
- $8.0m
- Revenue
- $9.7m
- Investments
- $0.0
- Employees
- 199
- Location
- Spencer, IA
- Founding
- 11/1961
- Data as of
- 12/2021
- EIN
- 42-6078294
Organization Overview
St Luke Homes & Services Inc is located in Spencer, IA. The organization was established in 1961. 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 12/2022, St Luke Homes & Services Inc employed 199 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. St Luke Homes & 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 12/2021, St Luke Homes & Services Inc generated $9.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $8.8m during the year ending 12/2021. 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
PROVIDE SENIORS AFFORDABLE AND VARIED LIVING OPTIONS AND CARE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIMARY SERVICE IS THAT OF A 99-BED NURSING HOME SPONSORED BY 14 AREA LUTHERAN CHURCHES
TERTIARY SERVICE IS THAT OF 64 UNITS OF ASSISTED LIVING.
SECONDARY SERVICE IS THAT OF A 50-UNIT INDEPENDENT LIVING COMPLEX.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Kruse Vice President | OfficerTrustee | 0.5 | $0 |
Dean Pingel Director | Trustee | 0.5 | $0 |
Mike Koenecke Director | Trustee | 0.5 | $0 |
Sandi Schmidt Secretary | OfficerTrustee | 0.5 | $0 |
Doug Kading Director | Trustee | 0.5 | $0 |
Paul Kaldahl Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,801,650 |
| Investment income | $59,493 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,058 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,687,539 |
| 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 | $0 |
| Other salaries and wages | $5,055,288 |
| Pension plan accruals and contributions | $131,182 |
| Other employee benefits | $453,081 |
| Payroll taxes | $383,918 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $46,510 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $594,380 |
| Advertising and promotion | $0 |
| Office expenses | $419,333 |
| Information technology | $31,560 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,672 |
| Interest | $36,161 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $568,081 |
| Insurance | $179,001 |
| All other expenses | $0 |
| Total functional expenses | $8,753,819 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $510,338 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $647,647 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $97,656 |
| Prepaid expenses and deferred charges | $153,867 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $777,884 |
| Total assets | $8,012,531 |
| Accounts payable and accrued expenses | $1,006,720 |
| 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 | $890,028 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,034,732 |
| Total liabilities | $6,931,480 |
| Net assets without donor restrictions | $1,081,051 |
| 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 | $1,081,051 |