Civic Intelligence

Lakeside Lutheran Home

990 • Fiscal year 2019 • EIN 42-0937127

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 08, 2019

301 N LawlerEmmetsburg, IA 50536

(712) 852-4060

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

85th percentile

0.61x

Higher debt load relative to assets than 85% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

80th percentile

0.54x

Higher debt load relative to revenue than 80% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

38th percentile

-0.1%

Higher net margin than 38% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

30th percentile

-2.3%

Faster asset growth than 30% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

40th percentile

0.5%

Faster revenue growth than 40% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$3,097,551

Down $71,857 (-2.3%) from 2018

Net Assets

Down

$1,201,470

Down $4,767 (-0.4%) from 2018

Liabilities

Down

$1,896,081

Down $67,090 (-3.4%) from 2018

Revenue

Up

$3,522,886

Up $16,798 (+0.5%) from 2018

Expenses

Up

$3,527,653

Up $74,302 (+2.2%) from 2018

Net Income

Down

-$4,767

Down $57,504 (-109%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2012: $1,814,267Liabilities 2012: $253,938Net Assets 2012: $1,560,3292012Assets 2013: $1,958,957Liabilities 2013: $254,959Net Assets 2013: $1,703,9982013Assets 2014: $3,902,915Liabilities 2014: $1,993,303Net Assets 2014: $1,909,6122014Assets 2015: $3,658,964Liabilities 2015: $1,986,171Net Assets 2015: $1,672,7932015Assets 2016: $3,346,843Liabilities 2016: $1,893,538Net Assets 2016: $1,453,3052016Assets 2017: $3,057,584Liabilities 2017: $1,904,084Net Assets 2017: $1,153,5002017Assets 2018: $3,169,408Liabilities 2018: $1,963,171Net Assets 2018: $1,206,2372018Assets 2019: $3,097,551Liabilities 2019: $1,896,081Net Assets 2019: $1,201,4702019Assets 2020: $3,647,287Liabilities 2020: $2,527,260Net Assets 2020: $1,120,0272020Assets 2021: $3,223,877Liabilities 2021: $1,894,394Net Assets 2021: $1,329,4832021Assets 2022: $3,404,383Liabilities 2022: $1,742,288Net Assets 2022: $1,662,0952022Assets 2023: $2,875,330Liabilities 2023: $1,733,790Net Assets 2023: $1,141,5402023Assets 2024: $3,354,670Liabilities 2024: $1,601,567Net Assets 2024: $1,753,1032024

Highlighted filing

2019

Assets$3,097,551
Liabilities$1,896,081
Net Assets$1,201,470

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2012: $2,879,2762012Expenses 2013: $2,868,4912013Revenue 2014: $3,225,310Expenses 2014: $3,019,696Net Income 2014: $205,6142014Revenue 2015: $3,169,287Expenses 2015: $3,406,106Net Income 2015: -$236,8192015Revenue 2016: $3,324,355Expenses 2016: $3,543,843Net Income 2016: -$219,4882016Revenue 2017: $3,290,837Expenses 2017: $3,590,642Net Income 2017: -$299,8052017Revenue 2018: $3,506,088Expenses 2018: $3,453,351Net Income 2018: $52,7372018Revenue 2019: $3,522,886Expenses 2019: $3,527,653Net Income 2019: -$4,7672019Revenue 2020: $3,802,144Expenses 2020: $3,883,587Net Income 2020: -$81,4432020Revenue 2021: $4,229,386Expenses 2021: $4,019,930Net Income 2021: $209,4562021Revenue 2022: $4,280,490Expenses 2022: $3,947,878Net Income 2022: $332,6122022Revenue 2023: $3,771,566Expenses 2023: $4,292,121Net Income 2023: -$520,5552023Revenue 2024: $5,291,870Expenses 2024: $4,680,307Net Income 2024: $611,5632024

Highlighted filing

2019

Revenue$3,522,886
Expenses$3,527,653
Net Income-$4,767
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 8, 2019
Return Version
2018v3.1
Gross Receipts
$3,522,886
Mission and Program Overview

Mission

CARE OF THE AGED

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,715,094$2,556,984▼ $158,110
Cash and Non-Interest-Bearing Accounts$177,096$282,220▲ $105,124
Accounts Receivable$234,433$213,969▼ $20,464
Savings and Temporary Cash Investments$28,755$28,686▼ $69
Prepaid Expenses and Deferred Charges$14,030$15,692▲ $1,662
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$3,169,408$3,097,551▼ $71,857
Other Assets Total-$0-
Liabilities
Other Liabilities$1,866,841$1,808,501▼ $58,340
Accounts Payable and Accrued Expenses$96,330$87,580▼ $8,750
Total Liabilities$1,963,171$1,896,081▼ $67,090
Net Assets / Fund Balance
Unrestricted Net Assets$1,175,088$1,178,638▲ $3,550
Temporarily Rstr Net Assets$31,149$22,832▼ $8,317
Total Net Assets Fund Balance$1,206,237$1,201,470▼ $4,767
Total Liabilities and Net Assets / Fund Balance$3,169,408$3,097,551▼ $71,857

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,207,183$1,333,462$3,540,645
Equipment-$942,122$942,122
Leasehold Improvements$245,803$305,682$551,485
Other Land Buildings$79,424$345,934$425,358
Land$24,574-$24,574
Compensation and Service Providers

Board Members and Trustees

NameTitle
Frank VeltriPresident
Greg EglandVice President
Frederick MorlockDirector
Jim StillmanDirector
Joan BarberDirector
Larry PorathDirector
Ryan VeldboomDirector
Sandy AkridgeSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$3,737
Program Service Revenue
$3,515,251
Investment Income
$1,582
Other Revenue
$2,316
All Other Contributions
$3,737
Change in Net Assets
$-4,767
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,283,742
Other Expenses$1,243,911
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,633,580$162,973-$1,796,553
Other Employee Benefits$252,260$67,617-$319,877
All Other Expenses$241,976$43,121-$285,097
Payroll Taxes$152,523$14,789-$167,312
Depreciation Depletion$158,108--$158,108
Other Expenses$119,433$80,529-$119,433
Interest$72,230--$72,230
Insurance$17,401$30,127-$47,528
Office Expenses-$31,780-$31,780
Total Functional Expenses$3,096,717$430,936$0$3,527,653
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Al Mortgage$1,584,905
Accrued Payroll$206,940
Al Deposits$11,699
Notes Payable$2,345
Al Accrued Interest$2,090
Accrued Property Tax$522
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Reviewed by facility administrator and board president

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Lakeside Lutheran Home
EIN
42-0937127
Phone
7128524060
Address
301 N LAWLER, EMMETSBURG, IA 50536

Signing Officer

Name
Frank Veltri
Title
Vice President
Signed
2019-11-08
Discuss with paid preparer
Yes

Organization Details

Formed
1968
Legal Domicile
Ia
Voting Board Members
8
Independent Board Members
8
Employees
114
Volunteers
50

Preparer

Firm
Winther Stave & Co Llp
Address
1316 W 18TH ST PO BOX 175, SPENCER, IA 51301-0175
Preparer
Arvin D Druvenga
Phone
7122623117
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt014030
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt015692
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0MEDICAID PAYMENTS
IRS990/ProgramServiceRevenueGrp/Desc1MEDICARE PAYMENTS
IRS990/ProgramServiceRevenueGrp/Desc2OTHER REVENUE
IRS990/ProgramServiceRevenueGrp/Desc3PRIVATE PAY
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt026821
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1315153
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt225375
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt33147902
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt026821
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1315153
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt225375
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt33147902
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt036773
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01588
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01349274
IRS990/PYOtherRevenueAmt013901
IRS990/PYProgramServiceRevenueAmt03453826
IRS990/PYRevenuesLessExpensesAmt052737
IRS990/PYSalariesCompEmpBnftPaidAmt02104077
IRS990/PYTotalExpensesAmt03453351
IRS990/PYTotalRevenueAmt03506088
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-4767
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt02316
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03519149
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt028755
IRS990/SavingsAndTempCashInvstGrp/EOYAmt028686
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt03737
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt036773
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt026066
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt019651
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt022928
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0109155
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01582
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01588
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01107
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0614
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0247
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt05138
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt03515251
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt03453826
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt03261198
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt03302426
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt03144258
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt016676959
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01582
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01588
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01107
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0614
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0247
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt05138
IRS990ScheduleA/InvestmentIncomeCYPct00.00030
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt02316
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt013901
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt02466
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01664
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01854
IRS990ScheduleA/OtherIncome509Grp/TotalAmt022201
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99840
IRS990ScheduleA/PublicSupportTotal509Amt016786114
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt03518988
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt03490599
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt03287264
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt03322077
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt03167186
IRS990ScheduleA/Total509Grp/TotalAmt016786114
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt03522886
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt03506088
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt03290837
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt03324355
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt03169287
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt016813453
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02207183
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01333462
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03540645
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0942122
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0942122
IRS990ScheduleD/LandGrp/BookValueAmt024574
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt024574
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0245803
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0305682
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0551485
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt079424
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0345934
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0425358
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0206940
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1522
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt22090
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt311699
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt41584905
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt52345
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED PAYROLL
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED PROPERTY TAX
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2AL ACCRUED INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3AL DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4AL MORTGAGE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5NOTES PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02556984
IRS990ScheduleD/TotalLiabilityAmt01808501
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEWED BY FACILITY ADMINISTRATOR AND BOARD PRESIDENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false

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