Civic Intelligence

Luther Crest Inc Co Homz Management

990 • Fiscal year 2017 • EIN 42-1492887

Jan 01, 2017 to Dec 31, 2017 • Filed on Mar 12, 2018

6515 Grand Teton Plaza / Ste 220Madison, WI 53719-1048

(608) 833-8788

Siviq Scores

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

Liabilities / Assets

29th percentile

0.01x

Higher debt load relative to assets than 29% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

58th percentile

0.15x

Higher debt load relative to revenue than 58% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

8th percentile

-39%

Higher net margin than 8% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

18th percentile

-5.4%

Faster asset growth than 18% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

51st percentile

4.7%

Faster revenue growth than 51% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$3,527,785

Down $199,859 (-5.4%) from 2016

Net Assets

Down

$3,475,281

Down $136,834 (-3.8%) from 2016

Liabilities

Down

$52,504

Down $63,025 (-55%) from 2016

Revenue

Up

$346,775

Up $15,709 (+4.7%) from 2016

Expenses

Up

$483,609

Up $23,795 (+5.2%) from 2016

Net Income

Down

-$136,834

Down $8,086 (-6.3%) from 2016

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $4,411,688Liabilities 2010: $41,754Net Assets 2010: $4,369,9342010Assets 2011: $4,307,648Liabilities 2011: $44,132Net Assets 2011: $4,263,5162011Assets 2012: $4,205,105Liabilities 2012: $47,371Net Assets 2012: $4,157,7342012Assets 2013: $4,084,023Liabilities 2013: $43,946Net Assets 2013: $4,040,0772013Assets 2014: $3,985,107Liabilities 2014: $57,326Net Assets 2014: $3,927,7812014Assets 2015: $3,854,758Liabilities 2015: $113,895Net Assets 2015: $3,740,8632015Assets 2016: $3,727,644Liabilities 2016: $115,529Net Assets 2016: $3,612,1152016Assets 2017: $3,527,785Liabilities 2017: $52,504Net Assets 2017: $3,475,2812017Assets 2018: $3,426,707Liabilities 2018: $55,529Net Assets 2018: $3,371,1782018Assets 2019: $3,328,067Liabilities 2019: $53,641Net Assets 2019: $3,274,4262019Assets 2020: $3,208,300Liabilities 2020: $59,138Net Assets 2020: $3,149,1622020Assets 2021: $3,063,865Liabilities 2021: $70,631Net Assets 2021: $2,993,2342021Assets 2022: $2,931,887Liabilities 2022: $81,725Net Assets 2022: $2,850,1622022Assets 2023: $2,874,247Liabilities 2023: $166,359Net Assets 2023: $2,707,8882023Assets 2024: $2,682,709Liabilities 2024: $50,676Net Assets 2024: $2,632,0332024

Highlighted filing

2017

Assets$3,527,785
Liabilities$52,504
Net Assets$3,475,281

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2010: $407,9042010Revenue 2011: $304,372Expenses 2011: $410,790Net Income 2011: -$106,4182011Expenses 2012: $412,8422012Revenue 2013: $309,379Expenses 2013: $427,036Net Income 2013: -$117,6572013Revenue 2014: $325,942Expenses 2014: $438,238Net Income 2014: -$112,2962014Revenue 2015: $325,750Expenses 2015: $512,668Net Income 2015: -$186,9182015Revenue 2016: $331,066Expenses 2016: $459,814Net Income 2016: -$128,7482016Revenue 2017: $346,775Expenses 2017: $483,609Net Income 2017: -$136,8342017Revenue 2018: $380,042Expenses 2018: $484,145Net Income 2018: -$104,1032018Revenue 2019: $400,606Expenses 2019: $497,358Net Income 2019: -$96,7522019Revenue 2020: $403,640Expenses 2020: $528,904Net Income 2020: -$125,2642020Revenue 2021: $405,832Expenses 2021: $561,760Net Income 2021: -$155,9282021Revenue 2022: $422,550Expenses 2022: $565,622Net Income 2022: -$143,0722022Revenue 2023: $470,440Expenses 2023: $612,714Net Income 2023: -$142,2742023Revenue 2024: $515,196Expenses 2024: $591,051Net Income 2024: -$75,8552024

Highlighted filing

2017

Revenue$346,775
Expenses$483,609
Net Income-$136,834
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Mar 12, 2018
Return Version
2017v2.2
Gross Receipts
$346,775
Mission and Program Overview

Mission

To provide elderly or disabled persons with housing facilities and services specially designed to meet their physical, social, and psychological needs, and to promote their health, security, happiness and usefulness in longer living.

Provide affordable housing for low-income senior citizens.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,474,558$3,348,939▼ $125,619
Cash and Non-Interest-Bearing Accounts$22,880$23,813▲ $933
Accounts Receivable$414$1,749▲ $1,335
Total Assets$3,727,644$3,527,785▼ $199,859
Other Assets Total$229,792$153,284▼ $76,508
Liabilities
Other Liabilities$97,218$27,896▼ $69,322
Accounts Payable and Accrued Expenses$17,457$24,115▲ $6,658
Deferred Revenue$854$493▼ $361
Total Liabilities$115,529$52,504▼ $63,025
Net Assets / Fund Balance
Temporarily Rstr Net Assets$5,132,800$5,132,800→ $0
Unrestricted Net Assets$-1,520,685$-1,657,519▼ $136,834
Total Net Assets Fund Balance$3,612,115$3,475,281▼ $136,834
Total Liabilities and Net Assets / Fund Balance$3,727,644$3,527,785▼ $199,859

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,052,255$2,080,916$5,133,171
Land$290,000-$290,000
Equipment$6,684$73,020$79,704
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$346,687
Investment Income
$88
Other Revenue
$0
Change in Net Assets
$-136,834

Audited Revenue Reconciliation

Revenue per Audited Statements
$346,775
Total Revenue per Audited Statements
$346,775
Total Revenue per Form 990
$346,775
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$369,951
Salaries, Compensation, and Employee Benefits$113,658
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$136,589--$136,589
Occupancy$101,075--$101,075
Other Salaries and Wages$57,885$33,595-$91,480
Fees for Services Management-$40,295-$40,295
Other Employee Benefits$8,296$4,815-$13,111
Fees for Services Accounting-$12,263-$12,263
Payroll Taxes$5,737$3,330-$9,067
Office Expenses-$7,586-$7,586
Advertising-$3,874-$3,874
Other Expenses$16,408$2,082-$2,082
All Other Expenses$7$548-$555
Fees for Services Legal-$15-$15
Total Functional Expenses$375,206$108,403$0$483,609

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$483,609
Total Expenses per Audited Statements$483,609
Total Expenses per Form 990$483,609
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
Tenant Deposits Held in Trust$27,893
Recapture of Residual Receipts$3
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

The organization delegated control over management duties to homz management corporation. The management company specializes in providing marketing, rental, collections, maintenance and repair, as well as other services for housing projects.

Form 990, Page 6, Part VI, Line 6

A member of the corporation is any qualified congregation that elects to participate in conducting the affairs of the corporation by selecting at least one (1) voting delegate to represent such qualified congregation in conducting the corporation's affairs. Subject to the conditions of these by-laws, a qualified congregation may select its voting delegate(s) to represent the qualified congregation in any manner as that qualified congregation deems appropriate. A qualified congregation shall not be a member of the corporation unless it selects one or more voting delegates to represent the congregation in conducting the corporation's affairs, and notifies the corporation's board of such selection as provided herein. A qualified corporation shall be any congregation that is affiliated with the evangelical lutheran church of america (elca), and that has its principal place of worship situated in scott county, iowa. A qualified corporation is elgible to be a member of the corporation, but is not necessarily a member of the corporation. A statement of the names and addresses of the qualified congregations, as taken from the records of the southeast iowa synod of the elca as of the date of adoption of these by- laws. The statement separately identifies qualified congregations that are currently members of the corporation and qualified congregations that are not members of the corporation at the time these by-laws are adopted.

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

The board of directors of each corporation shall consist of not more than fifteen (15) directors. The voting delegates may determine and change the number of director positions that are available to be filled from time to time. Each voting delegate shall be entitled to nominate for election, one or more persons to serve as board member(s) by submitting the name(s) and address(es) of the nominee(s) that the voting delegate desires to serve on the board. A member congregation (qualified congregation with at least one current voting delegate) may have more than one board member, and can nominate more than one person to serve on the board. Until changed by the voting delegates, the projects board shall have fifteen (15) positions. If one or more vacancies occur, the projects board shall consist of the number of established board positions less the number of vacancies until the vacancies are filled as provided herein.

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

The form 990, with all applicable schedules, is reviewed by the board of directors before it is filed with the internal revenue service.

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

Each year, all members of the board review the conflict of interest policy and procurement policy, which expands on the conflict of interest procedures.

Form 990, Page 6, Part VI, Line 19

Luther crest, inc. Makes its governing documents, conflict of interest policy and financial statements available to the public upon request. These documents are available for the same period of time as described in internal revenue code section 6104(d) for other public disclosure documents.

Filing and Contact Details

Filer

Filer Name
Luther Crest Inc
EIN
42-1492887
Phone
6088338788
Address
6515 GRAND TETON PLAZA / STE 220, MADISON, WI 53719-1048

Signing Officer

Name
Kim Wilkins
Title
President
Phone
6088338788
Signed
2018-03-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kim Wilkins
Formed
1999
Legal Domicile
Ia
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
10

Preparer

Firm
Mcgowen Hurst Clark & Smith Pc
Address
1601 W LAKES PKWY STE 300, WEST DES MOINES, IA 50266
Preparer
Michael E Brinker CPA
Phone
5152883279
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To provide elderly or disabled persons with housing facilities and services specially designed to meet their physical, social and psychological needs, and to promote their health, security, happiness and usefulness in longer living.

Financial Statement Notes

Schedule D, Page 3, Part X

The organization has been granted tax-exempt status under section 501(c)(3) of the internal revenue code. Accordingly, no provision for income taxes has been recognized in the financial statements. Management is unaware of any uncertain income tax positions at december 31, 2017 and 2016. Interest and penalties associated with income tax matters would be presented as components of income tax expense. There were no interest or penalty charges during 2017 and 2016.

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IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02153936
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03474558
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03348939
IRS990/LandBldgEquipCostOrOtherBssAmt05502875
IRS990/LegalDomicileStateCd0IA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE ELDERLY OR DISABLED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt03612115
IRS990/NetAssetsOrFundBalancesEOYAmt03475281
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0101075
IRS990/OccupancyGrp/TotalAmt0101075
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07586
IRS990/OfficeExpensesGrp/TotalAmt07586
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0229792
IRS990/OtherAssetsTotalGrp/EOYAmt0153284
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04815
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt08296
IRS990/OtherEmployeeBenefitsGrp/TotalAmt013111
IRS990/OtherExpensesGrp/Desc0ELDERLY SERVICES
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2EQUIPMENT REPAIR & MAINTE
IRS990/OtherExpensesGrp/Desc3OTHER RENTING EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02082
IRS990/OtherExpensesGrp/ProgramServicesAmt025267
IRS990/OtherExpensesGrp/ProgramServicesAmt123942
IRS990/OtherExpensesGrp/ProgramServicesAmt216408
IRS990/OtherExpensesGrp/TotalAmt025267
IRS990/OtherExpensesGrp/TotalAmt123942
IRS990/OtherExpensesGrp/TotalAmt216408
IRS990/OtherExpensesGrp/TotalAmt32082
IRS990/OtherLiabilitiesGrp/BOYAmt097218
IRS990/OtherLiabilitiesGrp/EOYAmt027896
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt033595
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt057885
IRS990/OtherSalariesAndWagesGrp/TotalAmt091480
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03330
IRS990/PayrollTaxesGrp/ProgramServicesAmt05737
IRS990/PayrollTaxesGrp/TotalAmt09067
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0KIM WILKINS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTS & TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/Desc1TENANT ASSISTANCE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0299595
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt147092
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0299595
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt147092
IRS990/ProgSrvcAccomActy2Grp/Desc0TO PROVIDE SERVICES TO ENHANCE THE QUALITY OF LIVING OF THE RESIDENTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt025267
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt090
IRS990/PYOtherExpensesAmt0349712
IRS990/PYProgramServiceRevenueAmt0330976
IRS990/PYRevenuesLessExpensesAmt0-128748
IRS990/PYSalariesCompEmpBnftPaidAmt0110102
IRS990/PYTotalExpensesAmt0459814
IRS990/PYTotalRevenueAmt0331066
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-136834
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0346687
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt088
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt090
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0113
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0132
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt067
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0490
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0346687
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0330976
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0325637
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0325810
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0308529
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01637639
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt088
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt090
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0113
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0132
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt067
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0490
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99970
IRS990ScheduleA/PublicSupportPY509Pct00.99970
IRS990ScheduleA/PublicSupportTotal509Amt01637639
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0346687
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0330976
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0325637
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0325810
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0308529
IRS990ScheduleA/Total509Grp/TotalAmt01637639
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0346775
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0331066
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0325750
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0325942
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0308596
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01638129
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt03052255
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02080916
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05133171
IRS990ScheduleD/EquipmentGrp/BookValueAmt06684
IRS990ScheduleD/EquipmentGrp/DepreciationAmt073020
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt079704
IRS990ScheduleD/ExpensesSubtotalAmt0483609
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0290000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0290000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt027893
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT DEPOSITS HELD IN TRUST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RECAPTURE OF RESIDUAL RECEIPTS
IRS990ScheduleD/RevenueSubtotalAmt0346775
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS BEEN GRANTED TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECOGNIZED IN THE FINANCIAL STATEMENTS. MANAGEMENT IS UNAWARE OF ANY UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2017 AND 2016. INTEREST AND PENALTIES ASSOCIATED WITH INCOME TAX MATTERS WOULD BE PRESENTED AS COMPONENTS OF INCOME TAX EXPENSE. THERE WERE NO INTEREST OR PENALTY CHARGES DURING 2017 AND 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03348939
IRS990ScheduleD/TotalExpensesPerForm990Amt0483609
IRS990ScheduleD/TotalLiabilityAmt027896
IRS990ScheduleD/TotalRevenuePerForm990Amt0346775
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0346775
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0483609
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROVIDE ELDERLY OR DISABLED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DELEGATED CONTROL OVER MANAGEMENT DUTIES TO HOMZ MANAGEMENT CORPORATION. THE MANAGEMENT COMPANY SPECIALIZES IN PROVIDING MARKETING, RENTAL, COLLECTIONS, MAINTENANCE AND REPAIR, AS WELL AS OTHER SERVICES FOR HOUSING PROJECTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A MEMBER OF THE CORPORATION IS ANY QUALIFIED CONGREGATION THAT ELECTS TO PARTICIPATE IN CONDUCTING THE AFFAIRS OF THE CORPORATION BY SELECTING AT LEAST ONE (1) VOTING DELEGATE TO REPRESENT SUCH QUALIFIED CONGREGATION IN CONDUCTING THE CORPORATION'S AFFAIRS. SUBJECT TO THE CONDITIONS OF THESE BY-LAWS, A QUALIFIED CONGREGATION MAY SELECT ITS VOTING DELEGATE(S) TO REPRESENT THE QUALIFIED CONGREGATION IN ANY MANNER AS THAT QUALIFIED CONGREGATION DEEMS APPROPRIATE. A QUALIFIED CONGREGATION SHALL NOT BE A MEMBER OF THE CORPORATION UNLESS IT SELECTS ONE OR MORE VOTING DELEGATES TO REPRESENT THE CONGREGATION IN CONDUCTING THE CORPORATION'S AFFAIRS, AND NOTIFIES THE CORPORATION'S BOARD OF SUCH SELECTION AS PROVIDED HEREIN. A QUALIFIED CORPORATION SHALL BE ANY CONGREGATION THAT IS AFFILIATED WITH THE EVANGELICAL LUTHERAN CHURCH OF AMERICA (ELCA), AND THAT HAS ITS PRINCIPAL PLACE OF WORSHIP SITUATED IN SCOTT COUNTY, IOWA. A QUALIFIED CORPORATION IS ELGIBLE TO BE A MEMBER OF THE CORPORATION, BUT IS NOT NECESSARILY A MEMBER OF THE CORPORATION. A STATEMENT OF THE NAMES AND ADDRESSES OF THE QUALIFIED CONGREGATIONS, AS TAKEN FROM THE RECORDS OF THE SOUTHEAST IOWA SYNOD OF THE ELCA AS OF THE DATE OF ADOPTION OF THESE BY- LAWS. THE STATEMENT SEPARATELY IDENTIFIES QUALIFIED CONGREGATIONS THAT ARE CURRENTLY MEMBERS OF THE CORPORATION AND QUALIFIED CONGREGATIONS THAT ARE NOT MEMBERS OF THE CORPORATION AT THE TIME THESE BY-LAWS ARE ADOPTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS OF EACH CORPORATION SHALL CONSIST OF NOT MORE THAN FIFTEEN (15) DIRECTORS. THE VOTING DELEGATES MAY DETERMINE AND CHANGE THE NUMBER OF DIRECTOR POSITIONS THAT ARE AVAILABLE TO BE FILLED FROM TIME TO TIME. EACH VOTING DELEGATE SHALL BE ENTITLED TO NOMINATE FOR ELECTION, ONE OR MORE PERSONS TO SERVE AS BOARD MEMBER(S) BY SUBMITTING THE NAME(S) AND ADDRESS(ES) OF THE NOMINEE(S) THAT THE VOTING DELEGATE DESIRES TO SERVE ON THE BOARD. A MEMBER CONGREGATION (QUALIFIED CONGREGATION WITH AT LEAST ONE CURRENT VOTING DELEGATE) MAY HAVE MORE THAN ONE BOARD MEMBER, AND CAN NOMINATE MORE THAN ONE PERSON TO SERVE ON THE BOARD. UNTIL CHANGED BY THE VOTING DELEGATES, THE PROJECTS BOARD SHALL HAVE FIFTEEN (15) POSITIONS. IF ONE OR MORE VACANCIES OCCUR, THE PROJECTS BOARD SHALL CONSIST OF THE NUMBER OF ESTABLISHED BOARD POSITIONS LESS THE NUMBER OF VACANCIES UNTIL THE VACANCIES ARE FILLED AS PROVIDED HEREIN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FORM 990, WITH ALL APPLICABLE SCHEDULES, IS REVIEWED BY THE BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5EACH YEAR, ALL MEMBERS OF THE BOARD REVIEW THE CONFLICT OF INTEREST POLICY AND PROCUREMENT POLICY, WHICH EXPANDS ON THE CONFLICT OF INTEREST PROCEDURES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6LUTHER CREST, INC. MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THESE DOCUMENTS ARE AVAILABLE FOR THE SAME PERIOD OF TIME AS DESCRIBED IN INTERNAL REVENUE CODE SECTION 6104(D) FOR OTHER PUBLIC DISCLOSURE DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd2false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd3false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt2NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt3NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LUTHER KNOLL INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1LUTHER HEIGHTS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2LUTHER MANOR OF SCOTT COUNTY INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3LUTHER PROPERTIES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0391874478
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1421389223
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2521059981
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN3202133544

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.68$0.05$2.63$0.52$0.59$0.08
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.87$0.17$2.71$0.47$0.61$0.14
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.93$0.08$2.85$0.42$0.57$0.14
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.06$0.07$2.99$0.41$0.56$0.16
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.21$0.06$3.15$0.40$0.53$0.13
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.33$0.05$3.27$0.40$0.50$0.10
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.43$0.06$3.37$0.38$0.48$0.10
2017Detailed filing. Detailed filing data is available for this year.$3.53$0.05$3.48$0.35$0.48$0.14
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.73$0.12$3.61$0.33$0.46$0.13
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.85$0.11$3.74$0.33$0.51$0.19
2014Detailed filing. Detailed filing data is available for this year.$3.99$0.06$3.93$0.33$0.44$0.11
2013Detailed filing. Detailed filing data is available for this year.$4.08$0.04$4.04$0.31$0.43$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.21$0.05$4.16$0.41
2011Summary only. Only limited summary data is available for this year.$4.31$0.04$4.26$0.30$0.41$0.11
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.41$0.04$4.37$0.41