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Nonprofiteer
← LUTHERAN RESIDENCE CORPORATION

Form 990 for tax year 2022

Filed by LUTHERAN RESIDENCE CORPORATION.

Totals

Total revenue
$1,321,772
Total expenses
$1,176,641
Contributions and grants received
$0
Grants paid
$949,000
Program service revenue
$0
Investment income
$1,319,272
Other revenue
$2,500
Total assets, end of year
$32,980,353
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$32,980,353
Program services expenses (Part IX)
$1,002,007
Management and general expenses
$174,634
Fundraising expenses
$0
Program service expenses (Part III)
$1,002,007

Program services were 85.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $1,288,632 · excluded $1,288,632

  • 7a · Gross sales of assets other than inventory

    securities $1,208,944

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

    securities $1,178,304

  • 7c · Gain or loss

    securities $30,640

  • 7d · Net gain or loss

    total $30,640 · excluded $30,640

  • 11a · Other revenue: RETAINER FROM SALE

    total $2,500 · excluded $2,500

  • 11e · Other revenue, total

    $2,500

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $949,000 · program services $949,000

  • 5 · Compensation of officers, directors and key employees

    total $65,688 · management and general $65,688

  • 11b · Fees: legal

    total $5,511 · management and general $5,511

  • 11c · Fees: accounting

    total $11,700 · management and general $11,700

  • 11f · Fees: investment management

    total $78,054 · management and general $78,054

  • 23 · Insurance

    total $1,734 · management and general $1,734

  • 24a · Other expenses: RESIDUAL COSTS FROM SAL

    total $53,007 · program services $53,007

  • 24b · Other expenses: MISCELLANEOUS OPERATING

    total $8,207 · management and general $8,207

  • 24c · Other expenses: FOREIGN TAXES PAID

    total $3,740 · management and general $3,740

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $41,627 · end of year $57,288

  • 2 · Savings and temporary cash investments

    beginning of year $1,087,390 · end of year $32,561

  • 11 · Investments: publicly traded securities

    beginning of year $34,897,665 · end of year $30,024,717

  • 15 · Other assets

    beginning of year $2,888,369 · end of year $2,865,787

  • 27 · Net assets without donor restrictions

    beginning of year $38,915,051 · end of year $32,980,353

Mission and programs · 2022

Mission

PROVIDE SUPPORT TO ORGINATIONS THAT SERVE CHILDREN, ELDERLY INDIVIDUALS, FAMILIES IN NEED AND RELIGIOUS INSTITUTIONS OF ANY DENOMINATION.

Activities or mission (Part I)

TO IDENTIFY AND SUPPORT ORGANIZATIONS THAT SERVE CHILDREN, ELDERLY INDIVIDUALS, FAMILIES IN NEED AND RELIGIOUS INSTITUTIONS OF ANY DENOMINATION.

  • PROVIDE SUPPORT TO ORGINATIONS THAT SERVE CHILDREN, ELDERLY INDIVIDUALS, FAMILIES IN NEED AND RELIGIOUS INSTITUTIONS OF ANY DENOMINATION.

    Expenses $1,002,007 · Grants $949,000

As filed on the 2022 return.

Listed in Part VII

  • KARYN LUSSKIN

    SECRETARY

    Total calculated
    $16,188
    From this org
    $16,188
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • CARMITA CORTES

    BOARD MEMBER

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • WILLIAM SMITH

    BOARD MEMBER

    Total calculated
    $4,500
    From this org
    $4,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • KENNETH WESSLER

    BOARD MEMBER

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • MARCO DELUCIA

    BOARD MEMBER

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202343179349304394

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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