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← LUTHERAN HOUSING ASSOCIATION FOR THE ELDERLY OF THE V I INC

Form 990 for tax year 2024

Filed by LUTHERAN HOUSING ASSOCIATION FOR THE ELDERLY OF THE V I INC.

Totals

Total revenue
$1,066,915
Total expenses
$1,173,685
Contributions and grants received
$898,742
Grants paid
$0
Program service revenue
$8,291
Investment income
$18,848
Other revenue
$141,034
Total assets, end of year
$2,237,686
Total liabilities, end of year
$3,170,343
Net assets or fund balances, end of year
-$932,657
Program services expenses (Part IX)
$961,037
Management and general expenses
$212,648
Fundraising expenses
$0
Program service expenses (Part III)
$961,037

Program services were 81.9% 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.

  • 1e · Government grants (contributions)

    $898,742

  • 2a · Program service revenue: OTHER REVENUE

    total $8,291 · related or exempt $8,291

  • 3 · Investment income

    total $18,848 · related or exempt $18,848

  • 6a · Gross rents

    real property $141,034

  • 6c · Rental income or loss

    real property $141,034

  • 6d · Net rental income or loss

    total $141,034 · excluded $141,034

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $49,683 · management and general $49,683

  • 11c · Fees: accounting

    total $29,500 · program services $5,100 · management and general $24,400

  • 12 · Advertising and promotion

    total $240 · management and general $240

  • 13 · Office expenses

    total $17,984 · management and general $17,984

  • 16 · Occupancy

    total $245,794 · program services $245,794

  • 20 · Interest

    total $130,642 · program services $130,642

  • 22 · Depreciation, depletion and amortization

    total $89,302 · program services $89,302

  • 23 · Insurance

    total $197,844 · program services $197,844

  • 24a · Other expenses: CONTRACTED PERSONNEL COST

    total $334,985 · program services $215,038 · management and general $119,947

  • 24b · Other expenses: ELDER CARE SERVICES

    total $76,534 · program services $76,534

  • 24c · Other expenses: OTHER EXPENSES

    total $1,177 · program services $783 · management and general $394

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $29,430 · end of year $16,009

  • 2 · Savings and temporary cash investments

    beginning of year $1,258,030 · end of year $1,254,589

  • 4 · Accounts receivable

    beginning of year $503 · end of year $548

  • 9 · Prepaid expenses and deferred charges

    beginning of year $137,023 · end of year $123,071

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

    $2,964,119

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

    $2,666,114

  • 10c · Land, buildings and equipment, net

    beginning of year $366,860 · end of year $298,005

  • 15 · Other assets

    beginning of year $565,911 · end of year $545,464

  • 17 · Accounts payable and accrued expenses

    beginning of year $62,405 · end of year $115,491

  • 23 · Secured mortgages and notes payable

    beginning of year $3,104,474 · end of year $3,037,294

  • 25 · Other liabilities

    beginning of year $16,765 · end of year $17,558

  • 27 · Net assets without donor restrictions

    beginning of year -$825,887 · end of year -$932,657

Mission and programs · 2024

Mission

TO PROVIDE 56 SUBSIDIZED LOW INCOME APARTMENTS AND SUPPORTIVE SERVICES TO LOW AND MODERAE INCOME SENIORS.

Activities or mission (Part I)

TO PROVIDE 56 SUBSIDIZED LOW INCOME APARTMENTS AND SUPPORTIVE SERVICES TO LOW AND MODERATE INCOME SENIORS.

  • TO PROVIDE LOW-INCOME HOUSING AND SUPPORTIVE SERVICES TO 56 SENIORS FROM RENT SUBSIDIES RECEIVED FROM HUD. SUPPORTIVE SERVICES ASSIST TENANTS IN ACCESSING OTHER SERVICES OFFERED BY THE LOCAL AND FEDERAL GOVERNMENT. THE MANAGING AGENTY ALSO PROVIDES SUPPORTIVE SERVICES AND LIMITED NURSING SERVICES FUNDED BY THE AMERICORPS GRANT AND DONATIONS.

    Expenses $961,037 · Revenue $8,291

As filed on the 2024 return.

Listed in Part VII

  • Joyce Christian

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.2

  • Ronald Russell Esq

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.15

  • Dr James Kloss

    TREASURER

    Total calculated
    $0
    Hours/week
    0.2

  • Maxine Moorhead

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.15

  • Tracy Sanders

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.15

  • Robert Wakefield

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Junia John-Straker

    LSSVI CEO

    Total calculated
    $0

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

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
16 August 2026
IRS schema version
2024v5.0
Source object
202632289349300028

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