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Nonprofiteer
← LUTHERAN HOMES & HEALTH SERVICES FOUNDATION INC

Form 990 for tax year 2024

Filed by LUTHERAN HOMES & HEALTH SERVICES FOUNDATION INC.

Totals

Total revenue
$52,273
Total expenses
$95,916
Contributions and grants received
$21,369
Grants paid
$0
Program service revenue
$0
Investment income
$30,904
Other revenue
$0
Total assets, end of year
$817,148
Total liabilities, end of year
$183,809
Net assets or fund balances, end of year
$633,339
Program services expenses (Part IX)
$80,677
Management and general expenses
$15,239
Fundraising expenses
$0
Program service expenses (Part III)
$80,677

Program services were 84.1% 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.

  • 1f · All other contributions, gifts and grants

    $21,369

  • 3 · Investment income

    total $17,694 · excluded $17,694

  • 7a · Gross sales of assets other than inventory

    securities $246,312

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

    securities $233,102

  • 7c · Gain or loss

    securities $13,210

  • 7d · Net gain or loss

    total $13,210 · excluded $13,210

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $31,001 · program services $30,786 · management and general $215

  • 11c · Fees: accounting

    total $3,294 · management and general $3,294

  • 11f · Fees: investment management

    total $8,774 · management and general $8,774

  • 11g · Fees: other

    total $19,500 · program services $19,500

  • 13 · Office expenses

    total $311 · management and general $311

  • 14 · Information technology

    total $7,260 · program services $7,260

  • 17 · Travel

    total $1,095 · management and general $1,095

  • 24a · Other expenses: GIFT SHOP EXPENSES

    total $19,922 · program services $19,922

  • 24b · Other expenses: STAFF APPRECIATION

    total $3,209 · program services $3,209

  • 24c · Other expenses: LICENSING AND DUES

    total $1,550 · management and general $1,550

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $61,192 · end of year $63,434

  • 11 · Investments: publicly traded securities

    beginning of year $548,399 · end of year $582,497

  • 15 · Other assets

    beginning of year $157,872 · end of year $171,217

  • 17 · Accounts payable and accrued expenses

    beginning of year $889 · end of year $374

  • 25 · Other liabilities

    beginning of year $114,904 · end of year $183,435

  • 27 · Net assets without donor restrictions

    beginning of year $417,382 · end of year $389,478

  • 28 · Net assets with donor restrictions

    beginning of year $234,288 · end of year $243,861

Mission and programs · 2024

Mission

THE LUTHERAN HOMES AND HEALTH SERVICES FOUNDATION, AS A SUPPORTIVE ARM OF LUTHERAN HOMES AND HEALTH SERVICES, PROVIDES A CHRISTIAN-BASED INNOVATIVE APPROACH TO AGING THROUGH COMPREHENSIVE SERVICES, PROGRAMS, AND COMMUNITIES.

  • RECEIVE GIFTS AND BEQUESTS, ADMINISTER AND INVEST FUNDS AND DISBURSE FUNDS TO AND ON BEHALF OF LUTHERAN HOMES AND HEALTH SERVICES.

    Expenses $80,677

As filed on the 2024 return.

Listed in Part VII

  • MATTHEW MAUTHE

    CEO

    Total calculated
    $548,823
    From this org
    $0
    From related orgs
    $526,170
    Other
    $22,653
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $526,170 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $22,653 related
    Filer's total
    $0 + $548,823 related

  • MICHAEL LIBBY

    COO

    Total calculated
    $295,684
    From this org
    $0
    From related orgs
    $278,411
    Other
    $17,273
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $278,411 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $17,273 related
    Filer's total
    $0 + $295,684 related

  • NICOLE CHWALA

    CFO

    Total calculated
    $262,650
    From this org
    $0
    From related orgs
    $246,907
    Other
    $15,743
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $246,907 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $15,743 related
    Filer's total
    $0 + $262,650 related

  • TERRY SCHLEIF

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • KIM SUHS

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • JIM FETT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • MIKE KROLCZYK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • KEN SMITH

    PRESIDENT

    Total calculated
    $111,712
    From this org
    $0
    From related orgs
    $110,935
    Other
    $777
    Hours/week
    1 + 40 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
RELATED ORGANIZATIONS USE THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR: 1. INDEPENDENT COMPENSATION CONSULTANT 2. COMPENSATION SURVEY OR STUDY 3. FORM 990 OF OTHER ORGANIZATIONS 4. APPROVAL BY THE BOARD OF COMPENSATION COMMITTEE

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202503189349303330

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