Civic Intelligence

Lutheran Housing Services Inc

EIN 34-1268346 • 501(c)3 • Toledo, OH

Profile

Provide housing for low income elderly & handicapped.

2021 North Mccord RoadToledo, OH 43615

www.lhsoh.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

86th percentile

0.61x

Higher debt load relative to assets than 86% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

1.67x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

74th percentile

21%

Higher net margin than 74% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

97th percentile

$421,367

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 44.6% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

61st percentile

7.7%

Faster asset growth than 61% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

41st percentile

2.3%

Faster revenue growth than 41% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,563,355

Up $183,431 (+7.7%) from 2023

Liabilities

Down

$1,576,116

Down $14,401 (-0.9%) from 2023

Net Assets

Up

$987,239

Up $197,832 (+25%) from 2023

Revenue

Up

$944,682

Up $21,458 (+2.3%) from 2023

Expenses

Up

$742,992

Up $46,813 (+6.7%) from 2023

Net Income

Down

$201,690

Down $25,355 (-11%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $1,700,374Liabilities 2010: $2,106,032Net Assets 2010: -$405,6582010Assets 2011: $1,806,444Liabilities 2011: $2,092,685Net Assets 2011: -$286,2412011Assets 2012: $1,815,789Liabilities 2012: $2,130,689Net Assets 2012: -$314,9002012Assets 2013: $1,847,438Liabilities 2013: $2,092,576Net Assets 2013: -$245,1382013Assets 2014: $1,862,878Liabilities 2014: $2,096,649Net Assets 2014: -$233,7712014Assets 2015: $1,824,583Liabilities 2015: $2,031,764Net Assets 2015: -$207,1812015Assets 2017: $1,916,147Liabilities 2017: $1,942,492Net Assets 2017: -$26,3452017Assets 2018: $1,930,035Liabilities 2018: $1,848,357Net Assets 2018: $81,6782018Assets 2019: $1,968,084Liabilities 2019: $1,799,466Net Assets 2019: $168,6182019Assets 2020: $2,067,850Liabilities 2020: $1,792,089Net Assets 2020: $275,7612020Assets 2021: $2,082,375Liabilities 2021: $1,706,680Net Assets 2021: $375,6952021Assets 2022: $2,257,692Liabilities 2022: $1,697,761Net Assets 2022: $559,9312022Assets 2023: $2,379,924Liabilities 2023: $1,590,517Net Assets 2023: $789,4072023Assets 2024: $2,563,355Liabilities 2024: $1,576,116Net Assets 2024: $987,2392024

Highlighted filing

2024

Assets$2,563,355
Liabilities$1,576,116
Net Assets$987,239

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0Expenses 2010: $669,6122010Expenses 2011: $620,5952011Expenses 2012: $633,2252012Revenue 2013: $765,283Expenses 2013: $695,521Net Income 2013: $69,7622013Revenue 2014: $821,054Expenses 2014: $809,903Net Income 2014: $11,1512014Revenue 2015: $770,758Expenses 2015: $744,308Net Income 2015: $26,4502015Revenue 2017: $794,633Expenses 2017: $672,085Net Income 2017: $122,5482017Revenue 2018: $819,966Expenses 2018: $711,958Net Income 2018: $108,0082018Revenue 2019: $827,290Expenses 2019: $740,365Net Income 2019: $86,9252019Revenue 2020: $846,242Expenses 2020: $739,065Net Income 2020: $107,1772020Revenue 2021: $840,331Expenses 2021: $740,397Net Income 2021: $99,9342021Revenue 2022: $894,444Expenses 2022: $737,315Net Income 2022: $157,1292022Revenue 2023: $923,224Expenses 2023: $696,179Net Income 2023: $227,0452023Revenue 2024: $944,682Expenses 2024: $742,992Net Income 2024: $201,6902024

Highlighted filing

2024

Revenue$944,682
Expenses$742,992
Net Income$201,690

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.56$1.58$0.99$0.94$0.74$0.20
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.38$1.59$0.79$0.92$0.70$0.23
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.26$1.70$0.56$0.89$0.74$0.16
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.08$1.71$0.38$0.84$0.74$0.10
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.07$1.79$0.28$0.85$0.74$0.11
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.97$1.80$0.17$0.83$0.74$0.09
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.93$1.85$0.08$0.82$0.71$0.11
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.92$1.94$0.03$0.79$0.67$0.12
2015Detailed filing. Detailed filing data is available for this year.$1.82$2.03$0.21$0.77$0.74$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.86$2.10$0.23$0.82$0.81$0.01
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.85$2.09$0.25$0.77$0.70$0.07
2012XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.82$2.13$0.31$0.63
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.81$2.09$0.29$0.62
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.70$2.11$0.41$0.67
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 7, 2025
Return Version
2024v5.0
Gross Receipts
$954,853
Mission and Program Overview

Mission

Provide housing for low income elderly & handicapped.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,398,873$1,421,737▲ $22,864
Cash and Non-Interest-Bearing Accounts$9,517$10,050▲ $533
Prepaid Expenses and Deferred Charges$3,050$3,446▲ $396
Accounts Receivable$1,987$3,345▲ $1,358
Inventories for Sale or Use$654$247▼ $407
Total Assets$2,379,924$2,563,355▲ $183,431
Other Assets Total$965,843$1,124,530▲ $158,687
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,446,512$1,386,736▼ $59,776
Accounts Payable and Accrued Expenses$71,971$106,270▲ $34,299
Other Liabilities$72,034$83,110▲ $11,076
Total Liabilities$1,590,517$1,576,116▼ $14,401
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$759,720$961,410▲ $201,690
Net Assets With Donor Restrictions$29,687$25,829▼ $3,858
Total Net Assets Fund Balance$789,407$987,239▲ $197,832
Total Liabilities and Net Assets / Fund Balance$2,379,924$2,563,355▲ $183,431

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$930,436$3,150,897$4,081,333
Equipment$173,352$412,504$585,856
Other Land Buildings$192,949$133,663$326,612
Land$125,000-$125,000
Other Assets Org$4,095--
Compensation and Service Providers

Employees

NameTitleOtherTotal
William R MarshallPresident/ce$421,367$421,367
Lorinda SchalkTreasurer/cf$290,819$290,819
Amanda SchroederVP-home & Co$234,586$234,586

Board Members and Trustees

NameTitle
Lee WunschelChair
William R MarshallPresident/CEO
Paul SiebenVice-chair
Ann MarshallDirector
Jeff DempseyDirector
Jonathon RuscheDirector
Kevin RaheDirector
Maria CookDirector
Mark SnyderDirector
Stephen BoweDirector
Steve BauerleDirector
Melissa WarnerSecretary
Lorinda SchalkTreasurer/CFO
Amanda SchroederVP-home & Commun.
Revenue and Support

Revenue Composition

Contributions and Grants
$22,858
Program Service Revenue
$926,951
Investment Income
$-5,359
Other Revenue
$232
Change in Net Assets
$201,690

Audited Revenue Reconciliation

Revenue per Audited Statements
$954,853
Revenue Not Reported on Financial Statements
$-10,171
Revenue Not Reported on Form 990
$-116
Other Revenue Adjustments
$-10,171
Total Revenue per Audited Statements
$954,737
Total Revenue per Form 990
$944,682
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$672,113
Salaries, Compensation, and Employee Benefits$70,879
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$227,699$594-$228,293
Depreciation Depletion$163,213$1,286-$164,499
Fees for Services Other$67,589$42,676-$110,265
Other Salaries and Wages$50,452$9,524-$59,976
Office Expenses-$19,697-$19,697
Insurance-$16,361-$16,361
Information Technology-$10,391-$10,391
Fees for Services Accounting-$9,592-$9,592
Other Employee Benefits$3,935$743-$4,678
Payroll Taxes$3,654$690-$4,344
Pension Plan Contributions$1,582$299-$1,881
Other Expenses$60,768$1,092-$1,092
Fees for Services Legal-$445-$445
Travel$144$81-$225
Conferences and Meetings-$158-$158
Advertising-$149-$149
All Other Expenses-$146-$146
Interest-$29-$29
Total Functional Expenses$579,036$163,956$0$742,992

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$756,906
Total Expenses per Form 990$742,992
Expenses per Audited Statements$742,876
Expenses Not Reported on Form 990$14,030
Expenses Not Reported on Financial Statements$116
Other Expense Adjustments$116
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
A/p - Related Parties$40,010
Tenant Security Deposits$21,055
Residual Receipts Due$17,940
Lease Liability - Operating$4,105
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Lutheran homes society, inc. Consists of those individuals then serving as the board of directors of the corporation.

Form 990, Page 6, Part VI, Line 7A

The board is elected by the then board of directors at the annual meeting of the board of directors.

Form 990, Page 6, Part VI, Line 7B

The board of directors approves changes to the articles of incorporation and code of regulations.

Form 990, Page 6, Part VI, Line 11B

The treasurer of the board does a thorough review of the 990s. After review by the treasurer, the 990s are posted to an internal website for review by the remaining board members. After a one week review and comment period, they are filed with the irs.

Form 990, Page 6, Part VI, Line 12C

The conflicts policy is monitored through the accounts payable process and the internal audit process.

Form 990, Page 6, Part VI, Line 15A

There are no top management officials at this corporation. The top management officials are employed by lutheran homes society, inc.

Form 990, Page 6, Part VI, Line 15B

There are no officers or key employee compensated at this corporation. All employee salaries are determined by the management of lutheran homes society, inc. As described above.

Form 990, Page 6, Part VI, Line 19

All are made available upon request.

Filing and Contact Details

Filer

Filer Name
Lutheran Housing Services Inc
EIN
34-1268346
Phone
4198614990
Address
2021 NORTH MCCORD ROAD, TOLEDO, OH 43615
Doing Business As
Luther Crest

Signing Officer

Name
Lorinda Schalk
Title
Treasurer/CFO
Phone
4198614990
Signed
2025-11-07

Organization Details

Principal Officer
William R Marshall
Formed
1978
Legal Domicile
Oh
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
12
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Administrative assurance 0 2,460 0 quality assurance 0 4,572 0 purchased admin. Services 0 35,312 0 purchased maint. Services 60,649 0 0 purchased housekeeping 6,940 0 0 purchased services - other 0 332 0 total 67,589 42,676 0

Form 990, Part XI, Line 9

Change in interest in lhsf -3,858

Financial Statement Notes

Schedule D, Page 3, Part X

Federal income taxes - no provision for income taxes has been included in the financial statements since the organization is exempt from such taxes under section 501(c)(3) of the internal revenue code.

Schedule D, Page 4, Part XI, Line 2D

OTHER -116

Schedule D, Page 4, Part XI, Line 4B

Loss on disposal of assets -10,171

Schedule D, Page 4, Part XII, Line 2D

Loss on disposal of assets 10,171 change in interest in lhs foundation 3,859

Schedule D, Page 4, Part XII, Line 4B

OTHER 116

Raw XML AppendixShowing 400 of 618 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/EmployeeCnt00
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IRS990/Form990PartVIISectionAGrp/PersonNm11MARK SNYDER
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ASSETS LIMITED TO USE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CONSTRUCTION IN PROGRESS

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