Virginia Lutheran Homes Inc

Organization Overview

Virginia Lutheran Homes Inc is located in Roanoke, VA. The organization was established in 1963. 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 12/2021, Virginia Lutheran Homes Inc employed 447 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Virginia Lutheran Homes 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, Virginia Lutheran Homes Inc generated $28.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $24.0m during the year ending 12/2021. While expenses have increased by 1.5% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDING LIFE-ENRICHING SERVICES THAT PROMOTE WELL-BEING AND BUILD COMMUNITY.

Describe the Organization's Program Activity:

VIRGINIA LUTHERAN HOMES, INC. PROVIDES HOUSING AND HEALTH CARE SERVICES TO OVER 500 ELDERLY AND/OR HANDICAPPED INDIVIDUALS.


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Board, Officers & Key Employees

Name (title)Compensation
Heather L Neff
President & CEO
$329,088
Ben Burks
Executive Director
$217,664
Gary Ventola
CFO
$179,528
Charles Downs
VP Operations
$153,756
Christi Nicely
Director Of Rehabilitation
$130,049
Natalie Wynegar
Nursing Administrator
$124,935

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Lionberger Construction
Construction
$2,718,778
Sodexo
Management Services
$1,737,641
Gss Computer Technology
Computer Consulting
$194,204
Comfort Systems Usa
Hvac Servicing
$173,489
Joel Martinez
Painting
$152,912
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$588,531
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$588,531
Total Program Service Revenue$20,716,064
Investment income $216,328
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$24,227
Net Gain/Loss on Asset Sales $1,298,892
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $28,580,430

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Virginia Lutheran Homes Inc has recieved totaling $5.

Awarding OrganizationAmount
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$5
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$8,908,021
Earnings$710,055
Net Contributions$588,437
Other Expense$89,115
Ending Balance$10,117,398

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