Lutheran Gardens Corporation
- Assets
- $19.7m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Anaheim, CA
- Founding
- 02/1997
- Data as of
- 06/2022
- EIN
- 95-3316490
Organization Overview
Lutheran Gardens Corporation is located in Anaheim, CA. The organization was established in 1997. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lutheran Gardens Corporation 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 06/2022, Lutheran Gardens Corporation generated $1.2m in total revenue. All expenses for the organization totaled $572.5k during the year ending 06/2022.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF ORGANIZATIONS PROVIDING AFFORDABLE HOUSING TO PERSONS WITH LOW INCOME
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Merritt President | 25 | $24,000 | |
Anthony Calloway Assistant CFO | 5 | $0 | |
Tangela Brown Assistant Sec | 5 | $0 | |
Randall Simmrin Secretary & CFO | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $211,042 |
| 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 | $963,616 |
| Total Revenue | $1,174,658 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,387 |
| Printing and publications | $0 |
| Other expenses | $492,633 |
| Total operating and administrative expenses | $551,698 |
| Contributions, gifts, grants paid | $20,840 |
| Total expenses and disbursements | $572,538 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $502,856 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $5,164,807 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $14,019,755 |
| Total assets | $19,687,418 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $10,507,308 |
| Other liabilities | $684,373 |
| Total liabilities | $11,191,681 |
Grants Awarded
Over the last fiscal year, Lutheran Gardens Corporation has awarded $20,840 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FERNANDO PULLUM COMMUNITY ARTS CENTER PURPOSE: FURTHER THE MISSION STATEMENT | $4,835 |
SHELTER PARTNERSHIP PURPOSE: FURTHER THE MISION STATEMENT | $4,835 |
COMMUNITY ADVANCEMENT DEVELOPMENT CORP PURPOSE: FURTHER THE MISSION STATEMENT | $4,835 |
FIRST SERVE PURPOSE: FURTHER THE MISSION STATEMENT | $6,335 |