Lutheran Senior Citizens Inc
- Assets
- $21.2m
- Revenue
- $11.4m
- Investments
- $0.0
- Employees
- 234
- Location
- Oklahoma City, OK
- Founding
- 07/2004
- Data as of
- 12/2021
- EIN
- 73-1032864
Organization Overview
Lutheran Senior Citizens Inc, operating under the name Concordia Life Plan Community, is located in Oklahoma City, OK. The organization was established in 2004. 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, Concordia Life Plan Community employed 234 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Concordia Life Plan Community 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, Concordia Life Plan Community generated $11.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $12.1m during the year ending 12/2021. While expenses have increased by 2.6% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE HIGHEST QUALITY RESIDENTIAL LIVING ENVIRONMENT FOR SENIORS.
Describe the Organization's Program Activity:
A CONTINUING CARE RETIREMENT COMMUNITY (LIFE CARE COMMUNITY) FEATURING INDEPENDENT LIVING, ASSISTED LIVING, MEMORY CARE AND SKILLED NURSING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Eischen CEO | Officer | 40 | $186,430 |
Kern Creevey COO | Officer | 40 | $136,949 |
Courtney Hammond Advanced Practice Rn | 40 | $112,785 | |
Jim Endicott Treasurer | OfficerTrustee | 1 | $0 |
Robert Kastens Secretary | OfficerTrustee | 1 | $0 |
Robert Namken Assistant Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sdx Homecare Operations Clinic. Agency Labor | 12/30/21 | $115,105 |
Select Rehabilitation Llc Physical Therapy | 12/30/21 | $108,566 |
Solutions Advisors Marketing Consultant | 12/30/21 | $222,951 |
Gooden Group Marketing | 12/30/21 | $137,000 |
Synergy Homecare Of Edmond Clinic. Agency Labor | 12/30/21 | $291,864 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,012,707 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,019 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,032,726 |
| Total Program Service Revenue | $10,317,141 |
| Investment income | $11,041 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,548 |
| 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 | $11,372,456 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,614 |
| 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. | $364,020 |
| Compensation of current officers, directors, key employees. | $118,452 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,874,098 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $468,809 |
| Payroll taxes | $442,739 |
| Fees for services: Management | $142,360 |
| Fees for services: Legal | $31,780 |
| Fees for services: Accounting | $47,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,463 |
| Fees for services: Other | $329,141 |
| Advertising and promotion | $239,747 |
| Office expenses | $68,041 |
| Information technology | $205,340 |
| Royalties | $0 |
| Occupancy | $364,729 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,171,559 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,095,983 |
| Insurance | $255,588 |
| All other expenses | $273,972 |
| Total functional expenses | $12,074,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $405,052 |
| Savings and temporary cash investments | $373,921 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $402,188 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $37,232 |
| Prepaid expenses and deferred charges | $86,113 |
| Net Land, buildings, and equipment | $19,485,445 |
| Investments—publicly traded securities | $375,130 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,351 |
| Total assets | $21,167,432 |
| Accounts payable and accrued expenses | $765,626 |
| Grants payable | $0 |
| Deferred revenue | $3,619,998 |
| 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 | $26,352,758 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,894,260 |
| Total liabilities | $45,632,642 |
| Net assets without donor restrictions | -$24,465,210 |
| 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 | $21,167,432 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lutheran Senior Citizens Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tallgrass Creek Inc Overland Park, KS | $320,564,283 | $44,877,675 |
Presbyterian Village North Dallas, TX | $220,743,885 | $46,469,442 |
Montereau Inc Tulsa, OK | $185,837,162 | $41,785,985 |
Buckner Senior Living Inc Dallas, TX | $215,344,263 | $20,049,948 |
La Vida Llena Albuquerque, NM | $163,809,368 | $31,265,301 |
Ashfield Active Living And Wellness Communities Inc Wichita, KS | $146,263,664 | $27,107,556 |
The Legacy Midtown Park Inc Dallas, TX | $173,980,133 | $7,399,995 |
Christian Living Communities Englewood, CO | $42,962,159 | $17,819,657 |
Bst Senior Living West Inc San Antonio, TX | $112,083,644 | $24,466,156 |
Incarnate Word Retirement Community Inc San Antonio, TX | $10,969,268 | $19,152,851 |
Neighborhood In Rio Rancho Rio Rancho, NM | $43,319,912 | $14,930,529 |
Lewis Memorial Christian Village St Louis, MO | $48,381,888 | $18,539,239 |