Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $39,626

• 1f · All other contributions, gifts and grants

  $315,608

• 1g · Noncash contributions included above

  $39,147

• 2a · Program service revenue: RESIDENT SERVICE REVENUE

  total $24,452,993 · related or exempt $24,452,993

• 3 · Investment income

  total $2,624,462 · excluded $2,624,462

• 6a · Gross rents

  real property $21,947

• 6b · Less rental expenses

  real property $8,834

• 6c · Rental income or loss

  real property $13,113

• 6d · Net rental income or loss

  total $13,113 · unrelated business $13,113

• 7a · Gross sales of assets other than inventory

  securities $6,353

• 7b · Less cost or other basis and sales expenses

  securities $0

• 7c · Gain or loss

  securities $6,353

• 7d · Net gain or loss

  total $6,353 · excluded $6,353

• 8a · Fundraising events: gross income

  $0

• 8a · Fundraising events: contributions included on line 1c

  $39,626

• 8b · Fundraising events: direct expenses

  $0

• 8c · Net income from fundraising events

  total $0

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $103,376 · excluded $103,376

• 11b · Other revenue: SPECIAL FUNCTION INCOME

  total $38,720 · excluded $38,720

• 11c · Other revenue: COFFEE SHOP

  total $33,836 · excluded $33,836

• 11d · All other revenue

  total $4,200 · excluded $4,200

• 11e · Other revenue, total

  $180,132

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $30,164 · program services $30,164

• 5 · Compensation of officers, directors and key employees

  total $209,359 · management and general $209,359

• 7 · Other salaries and wages

  total $6,204,572 · program services $5,263,351 · management and general $941,221

• 8 · Pension plan contributions

  total $115,733 · management and general $115,733

• 9 · Other employee benefits

  total $1,458,499 · program services $913,325 · management and general $545,174

• 11a · Fees: management

  total $1,744,741 · management and general $1,744,741

• 11b · Fees: legal

  total $31,127 · management and general $31,127

• 11f · Fees: investment management

  total $90,430 · management and general $90,430

• 11g · Fees: other

  total $1,665,748 · program services $1,549,698 · management and general $116,050

• 12 · Advertising and promotion

  total $68,447 · management and general $68,447

• 13 · Office expenses

  total $663,470 · program services $600,882 · management and general $50,796 · fundraising $11,792

• 14 · Information technology

  total $8,541 · program services $8,541

• 16 · Occupancy

  total $2,763,762 · program services $2,752,953 · management and general $10,809

• 17 · Travel

  total $1,199 · program services $1,031 · management and general $168

• 19 · Conferences, conventions and meetings

  total $5,085 · program services $1,325 · management and general $826 · fundraising $2,934

• 20 · Interest

  total $3,434,067 · program services $3,312,600 · management and general $121,467

• 22 · Depreciation, depletion and amortization

  total $4,593,930 · program services $3,676,118 · management and general $917,812

• 23 · Insurance

  total $411,284 · program services $378,357 · management and general $32,927

• 24a · Other expenses: FOOD SERVICES EXPENSE

  total $1,244,690 · program services $1,244,690

• 24b · Other expenses: OTHER OPERATING

  total $172,610 · program services $171,739 · management and general $871

• 24c · Other expenses: BOOKS, DUES, LICENSES

  total $69,743 · program services $25,011 · management and general $44,732

• 24d · Other expenses: MISC. EXPENSE

  total $18,513 · program services $4,069 · management and general $12,334 · fundraising $2,110

• 24e · All other expenses

  total $9,449 · management and general $9,449

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $900 · end of year $900

• 2 · Savings and temporary cash investments

  beginning of year $2,052,378 · end of year $6,833,369

• 4 · Accounts receivable

  beginning of year $244,052 · end of year $364,039

• 8 · Inventories for sale or use

  beginning of year $87,294 · end of year $64,744

• 9 · Prepaid expenses and deferred charges

  beginning of year $38,931 · end of year $11,575

• 10a · Land, buildings and equipment: cost or other basis

  $134,557,085

• 10b · Land, buildings and equipment: accumulated depreciation

  $36,434,283

• 10c · Land, buildings and equipment, net

  beginning of year $99,637,055 · end of year $98,122,802

• 11 · Investments: publicly traded securities

  beginning of year $19,606,159 · end of year $17,199,370

• 12 · Investments: other securities

  beginning of year $1,086,624 · end of year $1,857,040

• 13 · Investments: program-related

  beginning of year $11,604,870 · end of year $69,711,059

• 17 · Accounts payable and accrued expenses

  beginning of year $2,172,733 · end of year $2,385,976

• 19 · Deferred revenue

  beginning of year $89,449,062 · end of year $89,758,089

• 20 · Tax-exempt bond liabilities

  beginning of year $52,959,291 · end of year $104,763,255

• 21 · Escrow or custodial account liability

  beginning of year $23,910 · end of year $3,205,252

• 25 · Other liabilities

  beginning of year $5,911,948 · end of year $6,396,876

• 27 · Net assets without donor restrictions

  beginning of year -$17,326,863 · end of year -$12,910,288

• 28 · Net assets with donor restrictions

  beginning of year $1,168,182 · end of year $565,738

The filer's explanations (Part III)

PART I, LINE 3

LUTHERAN VILLAGE AT MILLER'S GRANT RELIES ON THE METHODS USED BY ITS PARENTS ORGANIZATION, LUTHERAN SOCIAL MINISTRIES OF MARYLAND, TO ESTABLISH COMPENSATION FOR OFFICERS AND KEY EMPLOYEES. THE METHODS USED ARE AS FOLLOWS: -COMPENSATION COMMITTEE -INDEPENDENT COMPENSATION CONSULTANT -FORM 990 OF OTHER ORGANIZATIONS -COMPENSATION SURVEY OR STUDY -APPROVAL BY THE BOARD OF TRUSTEES

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• LVMG HOSPITALITY INC

  C · FOOD SERVICES · MD · 90% owned · share of income $4,972 · share of assets $4,286 · controlled entity