Civic Intelligence

Lutheran Residences Inc.

990 • Fiscal year 2019 • EIN 59-6178232

Jan 01, 2019 to Dec 31, 2019 • Filed on Apr 22, 2020

Organization Profilewww.lutheranresidences.com
550 First Avenue SouthSt Petersburg, FL 33701

(727) 896-3197

Siviq Scores

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

Liabilities / Assets

28th percentile

0.05x

Higher debt load relative to assets than 28% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

18th percentile

0.05x

Higher debt load relative to revenue than 18% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

97th percentile

85%

Higher net margin than 97% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

13th percentile

$0

Higher top officer pay than 13% of similar nonprofits.

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

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

97th percentile

122%

Faster asset growth than 97% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

99th percentile

428%

Faster revenue growth than 99% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets28th percentile

Assets

Up

$14,473,903

Up $7,950,623 (+122%) from 2018

Net Assets

Up

$13,744,028

Up $11,870,359 (+634%) from 2018

Liabilities

Down

$729,875

Down $3,919,736 (-84%) from 2018

Revenue And Expenses
Liabilities / Revenue18th percentileNet Margin97th percentile

Revenue

Up

$14,047,066

Up $11,384,173 (+428%) from 2018

Expenses

Down

$2,176,707

Down $430,744 (-17%) from 2018

Net Income

Up

$11,870,359

Up $11,814,917 (+21310%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

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

$15M$10M$5.0M$0Assets 2010: $7,526,584Liabilities 2010: $5,674,054Net Assets 2010: $1,852,5302010Assets 2011: $7,335,155Liabilities 2011: $5,578,101Net Assets 2011: $1,757,0542011Assets 2012: $7,164,226Liabilities 2012: $5,553,753Net Assets 2012: $1,610,4732012Assets 2013: $7,007,131Liabilities 2013: $5,413,840Net Assets 2013: $1,593,2912013Assets 2014: $6,912,730Liabilities 2014: $5,425,231Net Assets 2014: $1,487,4992014Assets 2015: $6,800,942Liabilities 2015: $5,292,003Net Assets 2015: $1,508,9392015Assets 2016: $6,431,360Liabilities 2016: $4,806,032Net Assets 2016: $1,625,3282016Assets 2017: $6,545,435Liabilities 2017: $4,727,208Net Assets 2017: $1,818,2272017Assets 2018: $6,523,280Liabilities 2018: $4,649,611Net Assets 2018: $1,873,6692018Assets 2019: $14,473,903Liabilities 2019: $729,875Net Assets 2019: $13,744,0282019Assets 2020: $4,141,523Liabilities 2020: $277,869Net Assets 2020: $3,863,6542020Assets 2021: $4,328,457Liabilities 2021: $161,971Net Assets 2021: $4,166,4862021Assets 2022: $2,730,204Liabilities 2022: $0Net Assets 2022: $2,730,2042022Assets 2023: $2,782,444Liabilities 2023: $0Net Assets 2023: $2,782,4442023Assets 2024: $2,851,932Liabilities 2024: $0Net Assets 2024: $2,851,9322024

Highlighted filing

2019

Assets$14,473,903
Liabilities$729,875
Net Assets$13,744,028
Open 2019 Filing

Operations Trend

Revenue Growth99th percentile

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

$20M$10M$0-$10MExpenses 2010: $2,493,3722010Expenses 2011: $2,495,0072011Revenue 2012: $2,534,919Expenses 2012: $2,681,500Net Income 2012: -$146,5812012Revenue 2013: $2,554,240Expenses 2013: $2,571,422Net Income 2013: -$17,1822013Revenue 2014: $2,528,330Expenses 2014: $2,634,122Net Income 2014: -$105,7922014Revenue 2015: $2,591,512Expenses 2015: $2,570,072Net Income 2015: $21,4402015Revenue 2016: $2,675,408Expenses 2016: $2,559,019Net Income 2016: $116,3892016Revenue 2017: $2,699,743Expenses 2017: $2,506,844Net Income 2017: $192,8992017Revenue 2018: $2,662,893Expenses 2018: $2,607,451Net Income 2018: $55,4422018Revenue 2019: $14,047,066Expenses 2019: $2,176,707Net Income 2019: $11,870,3592019Revenue 2020: $1,399,720Expenses 2020: $11,146,039Net Income 2020: -$9,746,3192020Revenue 2021: $1,422,922Expenses 2021: $1,120,090Net Income 2021: $302,8322021Revenue 2022: $66,437Expenses 2022: $1,502,719Net Income 2022: -$1,436,2822022Revenue 2023: $67,737Expenses 2023: $15,497Net Income 2023: $52,2402023Revenue 2024: $69,488Expenses 2024: $0Net Income 2024: $69,4882024

Highlighted filing

2019

Revenue$14,047,066
Expenses$2,176,707
Net Income$11,870,359
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Apr 22, 2020
Return Version
2019v5.0
Gross Receipts
$18,786,590
Mission and Program Overview

Mission

We are a HUD regulated senior housing organization. Our mission is to provide affordable housing and other services to low-income elderly persons. Lutheran Residences, Inc. owns and operated two HUD housing projects (Lutheran Residences of South Pasadena and Lutheran Apartments).

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net-$12,310,798-
Land, Buildings, and Equipment, Net$4,478,489$1,154,514▼ $3,323,975
Savings and Temporary Cash Investments$112,430$113,744▲ $1,314
Cash and Non-Interest-Bearing Accounts$284,911$96,978▼ $187,933
Prepaid Expenses and Deferred Charges$114,843$67,188▼ $47,655
Accounts Receivable$2,068$2,384▲ $316
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$6,523,280$14,473,903▲ $7,950,623
Other Assets Total$1,530,539$728,297▼ $802,242
Liabilities
Accounts Payable and Accrued Expenses$114,321$452,552▲ $338,231
Mortgage Notes Payable Secured by Investment Property$4,303,626$178,668▼ $4,124,958
Other Liabilities$214,582$97,943▼ $116,639
Deferred Revenue$17,082$712▼ $16,370
Total Liabilities$4,649,611$729,875▼ $3,919,736
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,873,669$13,744,028▲ $11,870,359
Total Net Assets Fund Balance$1,873,669$13,744,028▲ $11,870,359
Total Liabilities and Net Assets / Fund Balance$6,523,280$14,473,903▲ $7,950,623

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,578,612-$4,578,612
Land$167,334-$167,334
Equipment$149,346-$149,346
Other Land Buildings$-3,740,778$3,740,778-
Other Assets Org$98,190--
Compensation and Service Providers
Top Officer Pay13th percentile

Board Members and Trustees

NameTitle
Wallace HopkinsPresident
George RahdertVice President
Anja McConnenDirector
Bob DePughDirector
Bret MeyerDirector
Paul GibsonDirector
Theresa ZieglerSecretary
James GeschkeTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Tampa Bay TraneChiller replacementPO BOX 919309, Orlando, FL 32891$274,855
Elevation Property ManagementManagement/bookkeep201 East Pine Street Suite 200, Orlando, FL 32801$153,736
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,931,347
Investment Income
$11,968,154
Other Revenue
$147,565
Change in Net Assets
$11,870,359

Audited Revenue Reconciliation

Revenue per Audited Statements
$14,047,066
Total Revenue per Audited Statements
$14,047,066
Total Revenue per Form 990
$14,047,066
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,638,994
Salaries, Compensation, and Employee Benefits$537,713
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$477,753--$477,753
Other Salaries and Wages$444,916--$444,916
Depreciation Depletion$260,556--$260,556
Insurance$176,151--$176,151
Fees for Services Management-$141,226-$141,226
Office Expenses$93,469--$93,469
Interest$86,688--$86,688
All Other Expenses$64,265--$64,265
Other Employee Benefits$57,144--$57,144
Fees for Services Accounting-$45,243-$45,243
Other Expenses$38,781--$38,781
Payroll Taxes$35,653--$35,653
Advertising$20,723--$20,723
Fees for Services Legal-$3,765-$3,765
Travel$847--$847
Total Functional Expenses$1,986,473$190,234$0$2,176,707

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,176,707
Total Expenses per Audited Statements$2,176,707
Total Expenses per Form 990$2,176,707
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
Tenant Security Deposits$97,943
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

“The board hired a management company to manage the day to day operations of the facilities and to provide accounting and financial oversight.”

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

“The president of the Board of Directors reviews the Form 990 in detail before signing and filing the return.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“The Board of Directors reviews and approves all salaries in the budget process annually.”

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

“The Organization has its governing documents and financial statements available for public inspection at the address of this return.”

Filing and Contact Details

Filer

Filer Name
Lutheran Residences Inc
EIN
59-6178232
Phone
7278963197
Address
550 First Avenue South, St Petersburg, FL 33701

Signing Officer

Name
George Rahdert
Title
Vice President
Signed
2020-04-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
George Rahdert
Formed
1967
Legal Domicile
Fl
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
7

Preparer

Firm
Barton Gonzalez & Myers Pa
Address
13137 66TH ST, LARGO, FL 33773-1812
Preparer
Sergio Gonzalez
Phone
7273441040
Supplemental Narrative

Additional Explanations

Client Note 1

“Client Note 1 - Form 990, Part V, Line 2aForm 990, Part VI, Section B, Line 15Form 900, Part IX, Line 7 & 10 - Statement of Functional ExpensesCompensation:The organization has no employees. All compensation costs are allocated from the employees of the management company.”

Form 990, Part III, Line 3: Ceased Conducting or Significant Changes To Services

“During the year, Lutheran Residences, Inc. sold one of the housing projects (Lutheran Apartments) and has one housing project remaining (Lutheran Residences of South Pasadena).”

Activity of Lutheran Residences, Inc.

“We are a HUD regulated senior housing organization. Our mission is to provide affordable housing and other services to low-income elderly persons. Lutheran Residences, Inc. owns and operated two HUD housing projects (Lutheran Residences of South Pasadena HUD Project No. 067-SH039 and Lutheran Apartments HUD Project No. 067-38022). During the year ended December 31, 2019 each project reported separate financial statements and each project's financial statement was audited. The facility for Lutheran Apartments was sold (effective August 29, 2019) and as such Lutheran Apartments no longer provides affordable housing. This Form 990 represents the combined balances and activity of the two projects.”

Financial Statement Notes

Part X : FIN48 Footnote

“The Organization is exempt from federal income taxes under section 501(c)(3) of the Internal Revenue Code, and has been determined not to be a private foundation (within the meaning of Section 509(a)(1) of the Internal Revenue Code). As such, no provision for income tax expense has been made in the accompanying financial statements.The Organization has adopted the provisions of the FASB ASC 740, Income Taxes (formerly Interpretation 48 [FIN 48], Accounting for Uncertain Tax Positions). ASC 740 clarifies the accounting for income taxes by prescribing the minimum recognition threshold a tax position is required to meet before being recognized in the financial statements. ASC 740 provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. The Project determined that during the year ended December 31, 2019, ASC 740 did not have a material impact on its financial position, activities or cash flows.The Organizations Forms 990, Return of Organization Exempt from Income Tax, and Forms 990-T, Exempt Organization Business Income Tax Return, are subject to examination by the IRS, generally for three years after they were filed.”

Raw XML AppendixShowing 400 of 517 raw XML fields

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

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0114321
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0452552
IRS990/AccountsReceivableGrp/BOYAmt02068
IRS990/AccountsReceivableGrp/EOYAmt02384
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0We are a HUD regulated senior housing organization. Our mission is to provide affordable housing and other services to low-income elderly persons. Lutheran Residences, Inc. owns and operated two HUD housing projects (Lutheran Residences of South Pasadena and Lutheran Apartments).
IRS990/AdvertisingGrp/ProgramServicesAmt020723
IRS990/AdvertisingGrp/TotalAmt020723
IRS990/AllOtherExpensesGrp/ProgramServicesAmt064265
IRS990/AllOtherExpensesGrp/TotalAmt064265
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Elevation Property Management
IRS990/BooksInCareOfDetail/PhoneNum04072151350
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0201 East Pine Street Suite 200
IRS990/BooksInCareOfDetail/USAddress/CityNm0Orlando
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd032801
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0284911
IRS990/CashNonInterestBearingGrp/EOYAmt096978
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt02
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt0153736
IRS990/ContractorCompensationGrp/CompensationAmt1274855
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0201 East Pine Street Suite 200
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1PO BOX 919309
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0Orlando
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1Orlando
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0FL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1FL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd032801
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd132891
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0Elevation Property Management
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1Tampa Bay Trane
IRS990/ContractorCompensationGrp/ServicesDesc0Management/bookkeep
IRS990/ContractorCompensationGrp/ServicesDesc1Chiller replacement
IRS990/ContractTerminationInd0X
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt011968154
IRS990/CYOtherExpensesAmt01638994
IRS990/CYOtherRevenueAmt0147565
IRS990/CYProgramServiceRevenueAmt01931347
IRS990/CYRevenuesLessExpensesAmt011870359
IRS990/CYSalariesCompEmpBnftPaidAmt0537713
IRS990/CYTotalExpensesAmt02176707
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt014047066
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt017082
IRS990/DeferredRevenueGrp/EOYAmt0712
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0260556
IRS990/DepreciationDepletionGrp/TotalAmt0260556
IRS990/Desc0To provide 405 residential apartment units to low-income qualified elderly persons.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt01986473
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt045243
IRS990/FeesForServicesAccountingGrp/TotalAmt045243
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt03765
IRS990/FeesForServicesLegalGrp/TotalAmt03765
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt0141226
IRS990/FeesForServicesManagementGrp/TotalAmt0141226
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0Bob DePugh
IRS990/Form990PartVIISectionAGrp/PersonNm1James Geschke
IRS990/Form990PartVIISectionAGrp/PersonNm2Anja McConnen
IRS990/Form990PartVIISectionAGrp/PersonNm3George Rahdert
IRS990/Form990PartVIISectionAGrp/PersonNm4Bret Meyer
IRS990/Form990PartVIISectionAGrp/PersonNm5Paul Gibson
IRS990/Form990PartVIISectionAGrp/PersonNm6Wallace Hopkins
IRS990/Form990PartVIISectionAGrp/PersonNm7Theresa Ziegler
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6President
IRS990/Form990PartVIISectionAGrp/TitleTxt7Secretary
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01967
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt011861705
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt016601229
IRS990/GrossReceiptsAmt018786590
IRS990/GrossRentsGrp/RealAmt042900
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ProgramServicesAmt0176151
IRS990/InsuranceGrp/TotalAmt0176151
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ProgramServicesAmt086688
IRS990/InterestGrp/TotalAmt086688
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0106449
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0106449
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt012
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03740778
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04478489
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01154514
IRS990/LandBldgEquipCostOrOtherBssAmt04895292
IRS990/LegalDomicileStateCd0FL
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt04739524
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0We are a HUD regulated senior housing organization. Our mission is to provide affordable housing and other services to low-income elderly persons. Lutheran Residences, Inc. owns and operated two HUD housing projects (Lutheran Residences of South Pasadena and Lutheran Apartments).
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04303626
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0178668
IRS990/NetAssetsOrFundBalancesBOYAmt01873669
IRS990/NetAssetsOrFundBalancesEOYAmt013744028
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt011861705
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt011861705
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt042900
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt042900
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01873669
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt013744028
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0477753
IRS990/OccupancyGrp/TotalAmt0477753
IRS990/OfficeExpensesGrp/ProgramServicesAmt093469
IRS990/OfficeExpensesGrp/TotalAmt093469
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01530539
IRS990/OtherAssetsTotalGrp/EOYAmt0728297
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt057144
IRS990/OtherEmployeeBenefitsGrp/TotalAmt057144
IRS990/OtherExpensesGrp/Desc0Misc Operating & Maintenance
IRS990/OtherExpensesGrp/Desc1Repairs & Maintenance
IRS990/OtherExpensesGrp/Desc2Supplies
IRS990/OtherExpensesGrp/Desc3Heating/Cooling Repair & Maint
IRS990/OtherExpensesGrp/ProgramServicesAmt0115760
IRS990/OtherExpensesGrp/ProgramServicesAmt165655
IRS990/OtherExpensesGrp/ProgramServicesAmt248112
IRS990/OtherExpensesGrp/ProgramServicesAmt338781
IRS990/OtherExpensesGrp/TotalAmt0115760
IRS990/OtherExpensesGrp/TotalAmt165655
IRS990/OtherExpensesGrp/TotalAmt248112
IRS990/OtherExpensesGrp/TotalAmt338781
IRS990/OtherLiabilitiesGrp/BOYAmt0214582
IRS990/OtherLiabilitiesGrp/EOYAmt097943
IRS990/OtherRevenueMiscGrp/Desc0Cable Income
IRS990/OtherRevenueMiscGrp/Desc1Laundry and Vending
IRS990/OtherRevenueMiscGrp/Desc2Miscellaneous Income
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt039674
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt113860
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt251131
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt039674
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt113860
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt251131
IRS990/OtherRevenueTotalAmt0104665
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0444916
IRS990/OtherSalariesAndWagesGrp/TotalAmt0444916
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt012310798
IRS990/PartialLiquidationInd0true
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt035653
IRS990/PayrollTaxesGrp/TotalAmt035653
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0114843
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt067188
IRS990/PrincipalOfficerNm0George Rahdert
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Rent Revenue
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01931347
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01931347
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt04196
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01968823
IRS990/PYOtherRevenueAmt0149540
IRS990/PYProgramServiceRevenueAmt02509157
IRS990/PYRevenuesLessExpensesAmt055442
IRS990/PYSalariesCompEmpBnftPaidAmt0638628
IRS990/PYTotalExpensesAmt02607451
IRS990/PYTotalRevenueAmt02662893
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt011870359
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt042900
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02185361
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0112430
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0113744
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt047607
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt059297
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt057060
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt053119
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt059054
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0276137
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01931347
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02509157
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02520403
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02518789
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02430893
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt011910589
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt047607
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt059297
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt057060
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt053119
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt059054
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0276137
IRS990ScheduleA/InvestmentIncomeCYPct00.02170
IRS990ScheduleA/InvestmentIncomePYPct00.02160
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0104664
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt094439
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0122280
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0103500
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0101565
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0526448
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.93690
IRS990ScheduleA/PublicSupportPY509Pct00.93820
IRS990ScheduleA/PublicSupportTotal509Amt011910589
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01931347
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02509157
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02520403
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02518789
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02430893
IRS990ScheduleA/Total509Grp/TotalAmt011910589
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02083618
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02662893
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02699743
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02675408
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02591512
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt012713174
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt04578612
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04578612
IRS990ScheduleD/EquipmentGrp/BookValueAmt0149346
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0149346
IRS990ScheduleD/ExpensesSubtotalAmt02176707
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0167334
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0167334
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0630107
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt198190
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Restricted Deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Tenant Deposits held in Trust
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0-3740778
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03740778
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt097943
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Tenant Security Deposits

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,473,903
Liabilities
$729,875
Net assets
$13,744,028
Revenue
$14,047,066
Expenses
$2,176,707
Net income
$11,870,359
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.85$0.00$2.85$0.07$0.00$0.07
2023Detailed filing. Detailed filing data is available for this year.$2.78$0.00$2.78$0.07$0.02$0.05
2022Detailed filing. Detailed filing data is available for this year.$2.73$0.00$2.73$0.07$1.50$1.44
2021Detailed filing. Detailed filing data is available for this year.$4.33$0.16$4.17$1.42$1.12$0.30
2020Detailed filing. Detailed filing data is available for this year.$4.14$0.28$3.86$1.40$11.1$9.75
2019Detailed filing. Detailed filing data is available for this year.$14.5$0.73$13.7$14.0$2.18$11.9
2018Detailed filing. Detailed filing data is available for this year.$6.52$4.65$1.87$2.66$2.61$0.06
2017Detailed filing. Detailed filing data is available for this year.$6.55$4.73$1.82$2.70$2.51$0.19
2016Detailed filing. Detailed filing data is available for this year.$6.43$4.81$1.63$2.68$2.56$0.12
2015Detailed filing. Detailed filing data is available for this year.$6.80$5.29$1.51$2.59$2.57$0.02
2014Detailed filing. Detailed filing data is available for this year.$6.91$5.43$1.49$2.53$2.63$0.11
2013Detailed filing. Detailed filing data is available for this year.$7.01$5.41$1.59$2.55$2.57$0.02
2012Summary only. Only limited summary data is available for this year.$7.16$5.55$1.61$2.53$2.68$0.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.34$5.58$1.76$2.50
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.53$5.67$1.85$2.49