Lutheran Brethren Woodland Lodge Inc
- Assets
- $3.1m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 59
- Location
- Fergus Falls, MN
- Founding
- 04/1974
- Data as of
- 04/2023
- EIN
- 45-3342446
Organization Overview
Lutheran Brethren Woodland Lodge Inc is located in Fergus Falls, MN. The organization was established in 1974. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 04/2023, Lutheran Brethren Woodland Lodge Inc employed 59 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Lutheran Brethren Woodland Lodge 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 04/2023, Lutheran Brethren Woodland Lodge Inc generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $2.0m during the year ending 04/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTED LIVING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Zwiers CEO | 0.2 | $0 | |
David Lilja Controller | 1.2 | $0 | |
Leland Rogness Chairman/president | 0.2 | $0 | |
Tom Moline Vice Chairman | 0.2 | $0 | |
Ron Fuhrman Secretary | 0.2 | $0 | |
Gaylord Folder Director | 0.2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Primetime Healthcare | 4/29/23 | $187,729 |
Lutheran Brethren Homes Inc | 4/29/23 | $126,000 |
Marvel Medical Staffing | 4/29/23 | $52,233 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $38 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,444,750 |
| Total Revenue | $1,444,788 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $670,933 |
| Pension plans, employee benefits | $69,441 |
| Interest | $76,163 |
| Taxes | $43,723 |
| Depreciation | $125,583 |
| Occupancy | $115,761 |
| Travel, conferences, and meetings | $2,044 |
| Printing and publications | $0 |
| Other expenses | $153,628 |
| Total operating and administrative expenses | $2,020,781 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,020,781 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $900 |
| Net Accounts receivable | $33,500 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,846 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $2,716,105 |
| Other assets | $389,398 |
| Total assets | $3,144,749 |
| Accounts payable and accrued expenses | $190,682 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $1,203,569 |
| Other liabilities | $4,730,225 |
| Total liabilities | $6,124,476 |