Liabilities / Assets
36th percentile
Higher debt load relative to assets than 36% of similar nonprofits.
EIN 34-1678593 • 501(c)3 • Toledo, OH
Profile
The primary exempt purpose of lhs foundation is to provide financial support for the charitable activities of lutheran homes society, inc. And all its subsidiaries. The lhs foundation solicits, receives and invests gifts of money and property and administers and disburses the same and increments thereon for such exclusively charitable uses. Lutheran homes society, inc., the parent corporation of lhs foundation, promotes and facilitates the charitable, religioius, educational, and scientific purposes for which it has received tax exemption, by providing lhs foundation with benefits and services to support lhs foundation, including but not limited to: providing executive management in terms of supervision, strategic planning, policy formulation, and advocacy; engaging in activities intended to assist lhs foundation directly or indirectly in promoting the general health and welfare of communities in which it operates; promoting more efficient utilization of resources through the exercise
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
36th percentile
Higher debt load relative to assets than 36% of similar nonprofits.
Liabilities / Revenue
83rd percentile
Higher debt load relative to revenue than 83% of similar nonprofits.
Net Margin
21st percentile
Higher net margin than 21% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
66th percentile
Faster asset growth than 66% of similar nonprofits.
Revenue Growth
87th percentile
Faster revenue growth than 87% of similar nonprofits.
Assets
Up$21,158,929
Up $1,712,062 (+8.8%) from 2023
Liabilities
Up$1,635,535
Up $197,745 (+14%) from 2023
Net Assets
Up$19,523,394
Up $1,514,317 (+8.4%) from 2023
Revenue
Up$1,354,920
Up $139,370 (+11%) from 2023
Expenses
Up$1,446,456
Up $532,125 (+58%) from 2023
Net Income
Down-$91,536
Down $392,755 (-130%) from 2023
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
The primary exempt purpose of lhs foundation is to provide financial support for the charitable activities of lutheran homes society, inc. And all its subsidiaries. The lhs foundation solicits, receives and invests gifts of money and property and administers and disburses the same and increments thereon for such exclusively charitable uses. Lutheran homes society, inc., the parent corporation of lhs foundation, promotes and facilitates the charitable, religioius, educational, and scientific purposes for which it has received tax exemption, by providing lhs foundation with benefits and services to support lhs foundation, including but not limited to: providing executive management in terms of supervision, strategic planning, policy formulation, and advocacy; engaging in activities intended to assist lhs foundation directly or indirectly in promoting the general health and welfare of communities in which it operates; promoting more efficient utilization of resources through the exercise
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $8,318,989 | $8,789,317 | ▲ $470,328 |
| Savings and Temporary Cash Investments | $5,743,405 | $6,660,360 | ▲ $916,955 |
| Investments Program Related | $1,332,965 | $1,526,791 | ▲ $193,826 |
| Other Notes and Loans Receivable, Net | $1,227,552 | $1,275,264 | ▲ $47,712 |
| Accounts Receivable | $578,879 | $493,348 | ▼ $85,531 |
| Cash and Non-Interest-Bearing Accounts | $378,307 | $405,699 | ▲ $27,392 |
| Total Assets | $19,446,867 | $21,158,929 | ▲ $1,712,062 |
| Other Assets Total | $1,866,770 | $2,008,150 | ▲ $141,380 |
| Liabilities | |||
| Escrow Account Liability | $1,332,965 | $1,526,791 | ▲ $193,826 |
| Other Liabilities | $103,947 | $107,877 | ▲ $3,930 |
| Accounts Payable and Accrued Expenses | $878 | $867 | ▼ $11 |
| Total Liabilities | $1,437,790 | $1,635,535 | ▲ $197,745 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $11,428,995 | $12,949,646 | ▲ $1,520,651 |
| Net Assets With Donor Restrictions | $6,580,082 | $6,573,748 | ▼ $6,334 |
| Total Net Assets Fund Balance | $18,009,077 | $19,523,394 | ▲ $1,514,317 |
| Total Liabilities and Net Assets / Fund Balance | $19,446,867 | $21,158,929 | ▲ $1,712,062 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Investment Program Related Org | $1,526,791 | - | - |
| Other Assets Org | $13,530 | - | - |
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2024 | $8,046,210 | $307,831 | ▲ $1,139,043 | $-799,963 | $8,674,529 |
| 2023 | $7,058,278 | $207,967 | ▲ $1,122,949 | $-327,298 | $8,046,210 |
| 2022 | $9,670,633 | $303,318 | ▼ $1,484,029 | $-1,416,151 | $7,058,278 |
| 2021 | $9,226,853 | $138,006 | ▲ $1,222,256 | $-900,294 | $9,670,633 |
| 2020 | $8,571,033 | $147,455 | ▲ $958,453 | $-435,711 | $9,226,853 |
| Name | Title | Other | Total |
|---|---|---|---|
| William R Marshall | Asst. Sec. / | $421,367 | $421,367 |
| Name | Title |
|---|---|
| Katrin Mcbroom | President |
| Arlene Gerig | Director |
| Beth Charvat | Director |
| David Walkup | Director |
| Melissa Colburn | Director |
| Paula Hicks-hudson | Director |
| Rebecca Jaessing | Director |
| Rev Dr Tim Philabaum | Director |
| Stephanie Sieben | Director |
| William R Marshall | Asst. Sec. / Treasur |
| Ian Malhoit | Secretary |
| Marissa Fitzpatrick | Secretary/pr |
| Lorinda Schalk | Treasurer |
| James Bingle | Vice Preside |
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $809,292 |
| Other Expenses | $637,164 |
| Total Fundraising Expense | $163 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $794,543 | - | - | $794,543 |
| Other Expenses | - | $583,133 | $163 | $583,296 |
| Office Expenses | - | $40,239 | - | $40,239 |
| Grants to Domestic Individuals | $14,749 | - | - | $14,749 |
| Fees for Services Legal | - | $13,629 | - | $13,629 |
| Total Functional Expenses | $809,292 | $637,001 | $163 | $1,446,456 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $1,446,456 |
| Total Expenses per Audited Statements | $1,446,456 |
| Total Expenses per Form 990 | $1,446,456 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Lutheran Homes Society Inc | Toledo, OH | 3 | Ministry Support | $769,689 |
| Lutheran Housing Services Inc | Toledo, OH | 3 | Ministry Support | $22,858 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Crga Liability | $107,877 |
“The board of directors is elected by the parent board of lutheran homes society, inc.”
“Affliliated organizations follow the same policies and procedures of lutheran homes society, inc.”
“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.”
“The conflict of interest policy is enforced thru the accounts payable process as well as our internal audit program.”
“Top management is not compensated at this organization as they are paid through lutheran homes society (parent company).”
“There are no officers or key employees compensated at this organization. Key employees are paid thru lutheran homes society (parent company).”
“Governing documents, conflict of interest policies and financial statements are made available upon request.”
“The primary exempt purpose of lhs foundation is to provide financial support for the charitable activities of lutheran homes society, inc. And all its subsidiaries. The lhs foundation solicits, receives and invests gifts of money and property and administers and disburses the same and increments thereon for such exclusively charitable uses. Lutheran homes society, inc., the parent corporation of lhs foundation, promotes and facilitates the charitable, religioius, educational, and scientific purposes for which it has received tax exemption, by providing lhs foundation with benefits and services to support lhs foundation, including but not limited to: providing executive management in terms of supervision, strategic planning, policy formulation, and advocacy; engaging in activities intended to assist lhs foundation directly or indirectly in promoting the general health and welfare of communities in which it operates; promoting more efficient utilization of resources through the exercise of purchasing power, construction services, the efficient deployment of manpower and equipment, and the coordination and provision of training, instruction, or continuing education to persons employed by lhs foundation; providing pastoral care, fiscal human resource, and church and public relations services, focusing resources to assure the mission, effectively managing care, and reducing operational costs. Our mission: god calls his people to be responsible stewards of the blessings he has entrusted to them. Lhs foundation exists to faithfully gather, protect, invest, and disburse the gifts god's people share with the caring ministries of lutheran homes society. Our vision: we will be a network of dedicated, gifted, and caring people, providing services and facilities of the highest quality possible. Our core values: faithfulness to christ: as part of the church, we perform our work in response to jesus christ and as an extension of his ministry. Equality and justice: we recognize the equality of all persons in our offering of services and the opportunity for services, advocating justice and seeking to develop and balance all resources at our disposal to serve vulnerable persons with more intense needs. Wholeness of life: we recognize and value the life and inherent worth of each person, helping individuals experience dignity and the fullest level of his or her physical, mental, emotional, spiritual, and vocational ability. Integrity: we value and demonstrate honesty, integrity, fairness, and trustworthiness in all our relationships. Quality of service: we seek to deliver services of the highest quality possible by demonstrating competence, continuous improvement, innovation, and creativity. Stewardship of resources: we exercise faithful stewardship of our financial resources and physical assets, and are responsible and accountable for their proper deployment in the work of our ministry.”
“Lhs foundation is a not-for profit organization that faithfully gathers, protects, invests, and disburses the gifts god's people share with the caring ministries of lutheran homes society as they provide residential care and supportive services for youth and elderly. As a faith-based provider of such service, lhs foundation continues to honor its mission to extend its services to the vulnerable of our population, specifically youth and elderly. We demonstrate behaviors reflecting our core values of faithfulness to christ, equality and justice, wholeness of life, integrity, quality of service, and stewardship of resources. (see schedule o for additional info) lhs foundation overview: lhs foundation provides the fund raising mechanism for the ministries of lutheran homes society to serve youth and elderly in northwestern ohio and southeastern michigan in various settings. In 2022, the active donor list was 389 donors. The donations provided by these donors helped to support our ministries to youth and elders. Lhs foundation, as part of the ministry of lutheran homes society, has always been an exemplary provider of support to our ministries as they offer compassionate, quality care to those we serve, but we are also committed to improving and contributing to the communities in which we live and work. In addition to the residents and clients served directly, a wide variety of broad community support activities contribute to the accomplishment of lhs foundation's tax-exempt purpose.”
“The foundation holds investments for unrelated third parties.”
“Lhs foundation uses earnings from the endowment fund as directed by the donors to support the entities listed in schedule a, part 1, line h.”
“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.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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|---|---|---|
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| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 867 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 578879 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 493348 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | THE PRIMARY EXEMPT PURPOSE OF LHS FOUNDATION IS TO PROVIDE FINANCIAL SUPPORT FOR THE CHARITABLE ACTIVITIES OF LUTHERAN HOMES SOCIETY, INC. AND ALL ITS SUBSIDIARIES. THE LHS FOUNDATION SOLICITS, RECEIVES AND INVESTS GIFTS OF MONEY AND PROPERTY AND ADMINISTERS AND DISBURSES THE SAME AND INCREMENTS THEREON FOR SUCH EXCLUSIVELY CHARITABLE USES. LUTHERAN HOMES SOCIETY, INC., THE PARENT CORPORATION OF LHS FOUNDATION, PROMOTES AND FACILITATES THE CHARITABLE, RELIGIOIUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES FOR WHICH IT HAS RECEIVED TAX EXEMPTION, BY PROVIDING LHS FOUNDATION WITH BENEFITS AND SERVICES TO SUPPORT LHS FOUNDATION, INCLUDING BUT NOT LIMITED TO: PROVIDING EXECUTIVE MANAGEMENT IN TERMS OF SUPERVISION, STRATEGIC PLANNING, POLICY FORMULATION, AND ADVOCACY; ENGAGING IN ACTIVITIES INTENDED TO ASSIST LHS FOUNDATION DIRECTLY OR INDIRECTLY IN PROMOTING THE GENERAL HEALTH AND WELFARE OF COMMUNITIES IN WHICH IT OPERATES; PROMOTING MORE EFFICIENT UTILIZATION OF RESOURCES THROUGH THE EXERCISE |
| IRS990/AllOtherContributionsAmt | 0 | 483575 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | true |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | LORINDA SCHALK |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 4198614906 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 2021 NORTH MCCORD |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | TOLEDO |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | OH |
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| IRS990/CYContributionsGrantsAmt | 0 | 483575 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 809292 |
| IRS990/CYInvestmentIncomeAmt | 0 | 871345 |
| IRS990/CYOtherExpensesAmt | 0 | 637164 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
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| IRS990/CYRevenuesLessExpensesAmt | 0 | -91536 |
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| IRS990/CYTotalExpensesAmt | 0 | 1446456 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 163 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 1354920 |
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| IRS990/Desc | 0 | LHS FOUNDATION IS A NOT-FOR PROFIT ORGANIZATION THAT FAITHFULLY GATHERS, PROTECTS, INVESTS, AND DISBURSES THE GIFTS GOD'S PEOPLE SHARE WITH THE CARING MINISTRIES OF LUTHERAN HOMES SOCIETY AS THEY PROVIDE RESIDENTIAL CARE AND SUPPORTIVE SERVICES FOR YOUTH AND ELDERLY. AS A FAITH-BASED PROVIDER OF SUCH SERVICE, LHS FOUNDATION CONTINUES TO HONOR ITS MISSION TO EXTEND ITS SERVICES TO THE VULNERABLE OF OUR POPULATION, SPECIFICALLY YOUTH AND ELDERLY. WE DEMONSTRATE BEHAVIORS REFLECTING OUR CORE VALUES OF FAITHFULNESS TO CHRIST, EQUALITY AND JUSTICE, WHOLENESS OF LIFE, INTEGRITY, QUALITY OF SERVICE, AND STEWARDSHIP OF RESOURCES. (SEE SCHEDULE O FOR ADDITIONAL INFO) LHS FOUNDATION OVERVIEW: LHS FOUNDATION PROVIDES THE FUND RAISING MECHANISM FOR THE MINISTRIES OF LUTHERAN HOMES SOCIETY TO SERVE YOUTH AND ELDERLY IN NORTHWESTERN OHIO AND SOUTHEASTERN MICHIGAN IN VARIOUS SETTINGS. IN 2022, THE ACTIVE DONOR LIST WAS 389 DONORS. THE DONATIONS PROVIDED BY THESE DONORS HELPED TO SUPPORT OUR MINISTRIES TO YOUTH AND ELDERS. LHS FOUNDATION, AS PART OF THE MINISTRY OF LUTHERAN HOMES SOCIETY, HAS ALWAYS BEEN AN EXEMPLARY PROVIDER OF SUPPORT TO OUR MINISTRIES AS THEY OFFER COMPASSIONATE, QUALITY CARE TO THOSE WE SERVE, BUT WE ARE ALSO COMMITTED TO IMPROVING AND CONTRIBUTING TO THE COMMUNITIES IN WHICH WE LIVE AND WORK. IN ADDITION TO THE RESIDENTS AND CLIENTS SERVED DIRECTLY, A WIDE VARIETY OF BROAD COMMUNITY SUPPORT ACTIVITIES CONTRIBUTE TO THE ACCOMPLISHMENT OF LHS FOUNDATION'S TAX-EXEMPT PURPOSE. |
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| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 6573748 |
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| IRS990/ElectionOfBoardMembersInd | 0 | true |
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| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 13629 |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | VICE PRESIDE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | SECRETARY/PR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | DIRECTOR |
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| IRS990/MissionDesc | 0 | THE PRIMARY EXEMPT PURPOSE OF LHS FOUNDATION IS TO PROVIDE FINANCIAL SUPPORT FOR THE CHARITABLE ACTIVITIES OF LUTHERAN HOMES SOCIETY, INC. AND ALL ITS SUBSIDIARIES. THE LHS FOUNDATION SOLICITS, RECEIVES AND INVESTS GIFTS OF MONEY AND PROPERTY AND ADMINISTERS AND DISBURSES THE SAME AND INCREMENTS THEREON FOR SUCH EXCLUSIVELY CHARITABLE USES. LUTHERAN HOMES SOCIETY, INC., THE PARENT CORPORATION OF LHS FOUNDATION, PROMOTES AND FACILITATES THE CHARITABLE, RELIGIOIUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES FOR WHICH IT HAS RECEIVED TAX EXEMPTION, BY PROVIDING LHS FOUNDATION WITH BENEFITS AND SERVICES TO SUPPORT LHS FOUNDATION, INCLUDING BUT NOT LIMITED TO: PROVIDING EXECUTIVE MANAGEMENT IN TERMS OF SUPERVISION, STRATEGIC PLANNING, POLICY FORMULATION, AND ADVOCACY; ENGAGING IN ACTIVITIES INTENDED TO ASSIST LHS FOUNDATION DIRECTLY OR INDIRECTLY IN PROMOTING THE GENERAL HEALTH AND WELFARE OF COMMUNITIES IN WHICH IT OPERATES; PROMOTING MORE EFFICIENT UTILIZATION OF RESOURCES THROUGH THE EXERCISE |
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| IRS990/PrincipalOfficerNm | 0 | WILLIAM R MARSHALL |
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| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | LUTHERAN HOUSING SERVICES, INC 34-1268346 10 X 22,858 0 |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 1 | LHS FOUNDATION ASSISTS THE VARIOUS MINISTRIES OF LUTHERAN HOMES SOCIETY AS THEY PROVIDE RESIDENTIAL CARE AND SUPPORTIVE SERVICES TO THE VULNERABLE OF OUR POPULATION, SPECIFICALLY SERVICES FOR YOUTH AND ELDERLY. A LISTING OF SUPPORTED, RELATED ORGANIZATIONS CAN BE FOUND IN SCHEDULE R,PART 2. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | PART I, LINE 11H |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 1 | PART IV, SECTION E, LINE 2A |
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| IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd | 1 | 10 |
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| IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt | 3 | 1500 |
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| IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt | 5 | 22858 |
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| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt | 2 | LUTHERAN HOUSING SERVICES 12 INC |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt | 3 | LUTHERAN HOUSING SERVICES 7 INC |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt | 4 | LUTHERAN HOUSING SERVICES 9 INC |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt | 5 | LUTHERAN HOUSING SERVICES INC |
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| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt | 3 | LUTHERAN HOUSING SERVICES 7 INC |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt | 4 | LUTHERAN HOUSING SERVICES 9 INC |
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