Civic Intelligence

Luther Crest Inc Co Homz Management

990 • Fiscal year 2018 • EIN 42-1492887

Jan 01, 2018 to Dec 31, 2018 • Filed on Feb 07, 2019

6515 Grand Teton Plaza Suite 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

30th percentile

0.02x

Higher debt load relative to assets than 30% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

59th percentile

0.15x

Higher debt load relative to revenue than 59% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

11th percentile

-27%

Higher net margin than 11% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

32nd percentile

-2.9%

Faster asset growth than 32% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

62nd percentile

9.6%

Faster revenue growth than 62% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$3,426,707

Down $101,078 (-2.9%) from 2017

Net Assets

Down

$3,371,178

Down $104,103 (-3.0%) from 2017

Liabilities

Up

$55,529

Up $3,025 (+5.8%) from 2017

Revenue

Up

$380,042

Up $33,267 (+9.6%) from 2017

Expenses

Up

$484,145

Up $536 (+0.1%) from 2017

Net Income

Up

-$104,103

Up $32,731 (+24%) from 2017

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

2018

Assets$3,426,707
Liabilities$55,529
Net Assets$3,371,178

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

2018

Revenue$380,042
Expenses$484,145
Net Income-$104,103
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Feb 7, 2019
Return Version
2018v3.1
Gross Receipts
$380,042
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$3,348,939$3,263,235▼ $85,704
Cash and Non-Interest-Bearing Accounts$23,813$32,013▲ $8,200
Accounts Receivable$1,749$1,287▼ $462
Total Assets$3,527,785$3,426,707▼ $101,078
Other Assets Total$153,284$130,172▼ $23,112
Liabilities
Other Liabilities$27,896$29,003▲ $1,107
Accounts Payable and Accrued Expenses$24,115$25,978▲ $1,863
Deferred Revenue$493$548▲ $55
Total Liabilities$52,504$55,529▲ $3,025
Net Assets / Fund Balance
Temporarily Rstr Net Assets$5,132,800$5,132,800→ $0
Unrestricted Net Assets$-1,657,519$-1,761,622▼ $104,103
Total Net Assets Fund Balance$3,475,281$3,371,178▼ $104,103
Total Liabilities and Net Assets / Fund Balance$3,527,785$3,426,707▼ $101,078

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,959,892$2,216,339$5,176,231
Land$290,000-$290,000
Equipment$13,343$70,716$84,059
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$379,961
Investment Income
$81
Other Revenue
$0
Change in Net Assets
$-104,103

Audited Revenue Reconciliation

Revenue per Audited Statements
$380,042
Total Revenue per Audited Statements
$380,042
Total Revenue per Form 990
$380,042
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$367,527
Salaries, Compensation, and Employee Benefits$116,618
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$138,065--$138,065
Occupancy$106,530--$106,530
Other Salaries and Wages$95,163--$95,163
Fees for Services Management-$44,271-$44,271
Fees for Services Accounting$14,276--$14,276
Other Employee Benefits$12,554--$12,554
Payroll Taxes$8,901--$8,901
Office Expenses$7,958--$7,958
Advertising$3,746--$3,746
Other Expenses$1,968--$1,968
All Other Expenses-$1,512-$1,512
Total Functional Expenses$438,362$45,783$0$484,145

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$484,145
Total Expenses per Audited Statements$484,145
Total Expenses per Form 990$484,145
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$28,998
Recapture of Residual Receipts$5
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 SUITE 220, MADISON, WI 53719-1048

Signing Officer

Name
Joyce Marinaccio
Title
President
Phone
6088338788
Signed
2019-02-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joyce Marinaccio
Formed
1999
Legal Domicile
Ia
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
10

Preparer

Firm
Mcgowen Hurst Clark & Smith Pc
Address
1601 W LAKES PKWY STE 300, WEST DES MOINES, IA 50266
Preparer
Kathleen S New 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, 2018 and 2017. 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 2018 and 2017.

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IRS990/GrantToRelatedPersonInd0false
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IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
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IRS990/InvestmentIncomeGrp/ExclusionAmt081
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt081
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt03263235
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IRS990/LegalDomicileStateCd0IA
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IRS990/LobbyingActivitiesInd0false
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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/NetAssetsOrFundBalancesBOYAmt03475281
IRS990/NetAssetsOrFundBalancesEOYAmt03371178
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0106530
IRS990/OccupancyGrp/TotalAmt0106530
IRS990/OfficeExpensesGrp/ProgramServicesAmt07958
IRS990/OfficeExpensesGrp/TotalAmt07958
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0153284
IRS990/OtherAssetsTotalGrp/EOYAmt0130172
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt012554
IRS990/OtherEmployeeBenefitsGrp/TotalAmt012554
IRS990/OtherExpensesGrp/Desc0ELDERLY SERVICES
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3OTHER RENTING EXPENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt022501
IRS990/OtherExpensesGrp/ProgramServicesAmt118890
IRS990/OtherExpensesGrp/ProgramServicesAmt27810
IRS990/OtherExpensesGrp/ProgramServicesAmt31968
IRS990/OtherExpensesGrp/TotalAmt022501
IRS990/OtherExpensesGrp/TotalAmt118890
IRS990/OtherExpensesGrp/TotalAmt27810
IRS990/OtherExpensesGrp/TotalAmt31968
IRS990/OtherLiabilitiesGrp/BOYAmt027896
IRS990/OtherLiabilitiesGrp/EOYAmt029003
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt095163
IRS990/OtherSalariesAndWagesGrp/TotalAmt095163
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt08901
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JOYCE MARINACCIO
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgramServiceRevenueGrp/Desc0RENTS & TENANT CHARGES
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt175332
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0304629
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt175332
IRS990/ProgSrvcAccomActy2Grp/Desc0TO PROVIDE SERVICES TO ENHANCE THE QUALITY OF LIVING OF THE RESIDENTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt022501
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt088
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IRS990/PYProgramServiceRevenueAmt0346687
IRS990/PYRevenuesLessExpensesAmt0-136834
IRS990/PYSalariesCompEmpBnftPaidAmt0113658
IRS990/PYTotalExpensesAmt0483609
IRS990/PYTotalRevenueAmt0346775
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-104103
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0379961
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt081
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt088
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt090
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0113
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0132
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0504
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0379961
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0346687
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0330976
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0325637
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0325810
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01709071
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt081
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt088
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt090
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0113
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0132
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0504
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99970
IRS990ScheduleA/PublicSupportPY509Pct00.99970
IRS990ScheduleA/PublicSupportTotal509Amt01709071
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0379961
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0346687
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0330976
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0325637
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0325810
IRS990ScheduleA/Total509Grp/TotalAmt01709071
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0380042
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0346775
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0331066
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0325750
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0325942
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01709575
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02959892
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02216339
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05176231
IRS990ScheduleD/EquipmentGrp/BookValueAmt013343
IRS990ScheduleD/EquipmentGrp/DepreciationAmt070716
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt084059
IRS990ScheduleD/ExpensesSubtotalAmt0484145
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0290000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0290000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt028998
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT DEPOSITS HELD IN TRUST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RECAPTURE OF RESIDUAL RECEIPTS
IRS990ScheduleD/RevenueSubtotalAmt0380042
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, 2018 AND 2017. 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 2018 AND 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03263235
IRS990ScheduleD/TotalExpensesPerForm990Amt0484145
IRS990ScheduleD/TotalLiabilityAmt029003
IRS990ScheduleD/TotalRevenuePerForm990Amt0380042
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0380042
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0484145
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
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd2false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt2NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt3NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LUTHER KNOLL INC

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
2018Detailed filing. Detailed filing data is available for this year.$3.43$0.06$3.37$0.38$0.48$0.10
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$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