Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $232,397

• 1f · All other contributions, gifts and grants

  $1,080

• 2a · Program service revenue: APARTMENT RENT

  total $256,247 · related or exempt $256,247

• 3 · Investment income

  total $1,376 · excluded $1,376

• 11a · Other revenue: LAUNDRY & VENDING REVE

  total $4,945 · related or exempt $4,945

• 11e · Other revenue, total

  $4,945

Functional expenses

Part IX, the statement of functional expenses.

• 11a · Fees: management

  total $36,575 · management and general $36,575

• 11b · Fees: legal

  total $171 · management and general $171

• 11c · Fees: accounting

  total $18,030 · management and general $18,030

• 11g · Fees: other

  total $366 · program services $366

• 13 · Office expenses

  total $7,254 · program services $7,254

• 16 · Occupancy

  total $125,188 · program services $125,188

• 17 · Travel

  total $178 · program services $178

• 19 · Conferences, conventions and meetings

  total $472 · program services $472

• 22 · Depreciation, depletion and amortization

  total $57,523 · program services $57,523

• 23 · Insurance

  total $20,571 · program services $20,571

• 24a · Other expenses: REIMBURSED SALARY/BENEF

  total $126,955 · program services $126,955

• 24b · Other expenses: HUD RESIDUAL RECEIPTS O

  total $42,355 · program services $42,355

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $50 · end of year $50

• 2 · Savings and temporary cash investments

  beginning of year $754,926 · end of year $789,855

• 9 · Prepaid expenses and deferred charges

  beginning of year $23,510 · end of year $25,032

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

  $2,440,206

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

  $2,212,361

• 10c · Land, buildings and equipment, net

  beginning of year $260,707 · end of year $227,845

• 17 · Accounts payable and accrued expenses

  beginning of year $77,244 · end of year $64,214

• 23 · Secured mortgages and notes payable

  beginning of year $1,827,191 · end of year $1,770,957

• 25 · Other liabilities

  beginning of year $34,415 · end of year $46,861

• 27 · Net assets without donor restrictions

  beginning of year -$899,657 · end of year -$839,250

The filer's explanations (Part III)

PART I, LINE 3

ALL EMPLOYEES ARE COMPENSATED BY DIAKON LUTHERAN SOCIAL MINISTRIES (DLSM). SEE SCHEDULE O IN REFERENCE TO PART VI, SECTION B, LINE 15 FOR A DETAILED DESCRIPTION OF DLSM'S EXECUTIVE COMPENSATION PROGRAM. THE CEO'S COMPENSATION IS PAID BY DIAKON LUTHERAN SOCIAL MINISTRIES (DLSM). DLSM USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE CEO: -COMPENSATION COMMITTEE -INDEPENDENT COMPENSATION CONSULTANT -FORM 990 OF OTHER ORGANIZATIONS -COMPENSATION SURVEY OR STUDY -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

PART I, LINE 4B

DLSM HAS A 457(F) SUPPLEMENTAL NONQUALIFIED BENEFIT PLAN TO RECOGNIZE CERTAIN EMPLOYEES FOR THEIR SIGNIFICANT CONTRIBUTIONS AND IN CONSIDERATION OF EXPECTED CONTRIBUTION TO THE GROWTH OF DLSM, ITS AFFILIATES AND SUBSIDIARIES IN THE FUTURE. THE ANNUAL ACCRUALS AND INTEREST EARNINGS FOR THE 457(F) SUPPLEMENTAL NONQUALIFIED BENEFIT PLAN IS REPORTED IN PART VII, SECTION A, COLUMN F AND SCHEDULE J, PART II, COLUMN C AND IS LISTED BELOW: SCOTT D. HABECKER $168,330 AS A CONDITION FOR PARTICIPATING IN THE 457(F) SUPPLEMENTAL NON QUALIFIED BENEFIT PLAN, THE INDIVIDUAL MUST BE EMPLOYED AT THE VESTING DATE AND HAVE AGREED TO CERTAIN RESTRICTIVE COVENANTS.